TIO Markets 2021 Overview
TIO Markets took its first steps more than forty years ago. A set of trading tools allows you to open trades on CFD and FX markets on MetaTrader platform, which is familiar to every trader and appreciated as the most reliable and, at the same time, the easiest platform for trading. TIO Markets offers trading based on commissions received from traders for their trades.
TIO Markets Limited is an offshore registered company in St. Vincent and the Grenadines. TIO Markets UK Ltd is registered in the UK and operates under the supervision of the FCA regulator.
The highest safety protocols, special attention from the regulators and strict rules are a guarantee of safety of funds and information of the company’s clients. This is especially important for clients who have been investing for a long time and have a turnover of more than one hundred thousand dollars. Full confidentiality of personal data is also guaranteed. More detailed information is written in the confidentiality policy.
Like many serious brokers – they suggest the MT4 platform as a standard option for clients. There is an opportunity to trade with your own analyst, who will help you build a chart, as well as tell you how to use the tools of trade and analysis. The interface is customizable. It is possible to choose from thirty indicators that are already available in the personal cabinet settings and nine timeframes.
The classic version of MT4 is available for use with laptops running Windows, the owners of devices based on MacOS can use and MT5.
MT5 – is a more advanced platform in all plans with advanced features not available in other versions, such as second level pricing and multi-threaded strategy tester.This is the most popular, favorite and preferred trading platform. It’s both straightforward and free. Most brokers are available, making it very easy. The trader benefits are shown below: The following: Applications for charting. The Data Center with historical information is more than 60 indicators available.
There is not a single broker who does not know this platform. It’s no secret that this platform is the most reliable and functional. One more parameter which is important when trading is performance. This platform takes the leading place by a set of tools for analysis and setting parameters of the deal. It is a kind of brand. The brokers working on this platform are reliable and have high level of professionalism.
Despite some differences, both platforms are ideal for quick and easy access to trading markets without installing any software. However, it is worth noting that the mobile version of WebTreider is slightly limited in functionality, but also supports automated trading.
All major currency pairs are available for trading, with about 45 of them, three pairs for trading on the crypto market, as well as a wide range of raw materials, metals and stocks of leading companies.
Spreads and Commission
Spreads vary, for example on major currency pairs about 0.4 pips.
For the VIP account with the monthly fee of $48.95 there are no commissions, for other accounts the commissions start from $0.02 per round for 0.01 lots.
If the account is inactive for more than three months, a $30 fee is charged after three months of inactivity.
By default, leverage is 1:200. It can be increased upon request. More information can be found in the trading specifications section.
As we mentioned above, trading on the MetaTrader platform does not need to be limited to movement, because trading can be done from any portable device with a connection to the global network based on Android and IOS are available as applications for iPhone and Android devices. The usual charts, of course, from your smartphone will not work, but it won’t be difficult to open a deal in minutes.
The company supports exchange players who come with serious intentions, so the withdrawal of amounts over fifty dollars is not subject to commissions. At the same time, the withdrawal of funds has no upper limit, it is carried out in automatic mode. Transaction processing time does not depend on the amount.
In addition to the main payment methods, payment in cryptocurrency is available. The company supports traders who make deposits and withdrawals via cryptocurrency and in many cases does not charge a commission for such transactions over fifty dollars. The site has everything for successful trading on the cryptocurrency market, including the latest news and charting tools. The minimum deposit amount is fifty dollars. Except for crypto transactions. Crediting occurs within one day, the exception is the transfer by bank details (five days)
The company’s policy is reliability and convenience for each user, so no bonuses are provided. You benefit from low commissions, ease of withdrawal and depositing. Special conditions for users who have opened VIP accounts
TIO Markets does not currently offer any welcome offers or promotions on no deposit bonuses. With that said, check the broker’s website or social media pages for upcoming deals and contests.
Types of Accounts
IO Markets offers four accounts that a commission-based or subscription-based structure. Standard features for all accounts comprise a minimum trading vol of 0.01 lots, access to more than one hundred twenty instruments and negative balance protection.
Customer data on MetaTrader platforms is securely stored on encrypted servers with additional digital identifier protocols. The website could do with a little more transparency regarding security on the client portal.
Only safe deposit and withdrawal methods are available, and the broker follows industry security guidelines. All customers have access to negative balance insurance. Monetary security Clients ‘ money is protected by a client funds protection program, which is separated the broker’s own funds in accordance with the requirements of the Financial Conduct Authority. Thus, the client’s funds will be secure in the event of bankruptcy or insolvency. Customer funds will never be affected in such a situation. Negative balances on customer accounts aren’t allowed. Clients can only trade with the quantity of money that’s in their account. This means that customers cannot lose more money than they’ve invested. This service is available to all customers, regardless of their location or jurisdiction.
TIO Markets Verdict
Based on the above, we can conclude that the broker will suit you if you are focused on convenience, you do not want to miss a single important transaction, even if you are on the road or at work, at the same time, you want to take advantage of the transactions with minimum spreads. Withdrawal is convenient if you have a minimum amount of $50. Great opportunity for fast transactions for cryptocurrency holders. Experience of 40 years shows the reliability of the company and the ability to adapt to the changing rules and demands in the market
To sum up, we may say that the company is one of the leading brokers with a global influence on international markets. It should be noted separately the convenience of the mobile app, the various tariffs and the competitive commissions. Whether you’re a beginner or a skilled trader, the MT4 platform is certainly right for you.