With a range of useful trading tools and a large set of Forex pairs, TrioMarkets may appeal to experienced traders looking for a new MT4 broker, though trading costs are extremely high on all account options.
An ECN/STP broker, Triomarkets offers trading on 60+ Forex pairs, cryptocurrencies, metals, indices, shares, energies, and commodities. With four live accounts, TrioMarkets’ commission-free entry-level account has a minimum deposit of 500 USD, but very wide spreads (2.4 pips on the EUR/USD). Spreads tighten to 0 pips on its Premium Account – with a relatively high commission of 8 USD (round turn) – but this account requires a minimum deposit of 50,000 USD, making it inaccessible to most traders.
TrioMarkets only supports the MT4 trading platform, but it does offer various powerful trading tools. TrioExtend is an MT4 plugin that features sophisticated alarms and messaging systems, technical analysis tools, and live sentiment and correlation tracking. TrioMarkets also offers a social trading platform, FIX API, a VPS hosting service, and MAM/PAMM accounts.
TrioMarkets provides little in the way of educational and market analysis materials and customer support is also largely unresponsive and unavailable, making it a poor choice for beginner traders.
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