TIOmarkets Review

TIOmarkets is a trading name of TIO Markets Ltd. – a company registered in Saint Vincent and the Grenadines. There is another company – TIO Markets UK Ltd. that is authorised and regulated by the Financial Conduct Authority (FCA) under the license FRN: 488900. We have done some research that shows the owners of Trade.io – a blockchain trading platform, acquired the British brokerage company Primus Capital Markets Ltd and rebranded it to TIO Markets in 2018.

TIOmarkets provides three types of accounts – Standard, VIP and VIP Black. The Standard has all standard features, a fee of USD6 per lot and a deposit amount of at least USD50. The VIP account has a monthly fee of USD24.95, a commission of USD2 per lot and a minimum deposit amount of USD500. In addition to all the standard features, VIP clients receive some basic education and support at the priority level. The VIP Black account has a monthly fee of USD49.95 and free of charge trades. In addition to all standard features, VIP Black clients receive advanced education, support at the platinum level, a minimum deposit amount of USD1,000 and the ability to undo any trade (client’s trades will be refunded, if the markets move against them within 60 minutes. Unfortunately, this feature is not available for the FCA-regulated broker)

Some words about platforms. Customers can trade through the widespread MetaTrader terminal, version 4 or 5, including its web and mobile versions. Plenty of technical indicators, advanced charting tools, streaming news and a wide range of Expert Advisors (EA) are available here.

There are more than 120 instruments available distributed into asset groups of currency pairs, energies, shares, indices and cryptos. Forex includes above 70 pairs and the average spread of EUR/USD is 0.5 pips. We checked the spread of bitcoin and the average value was around USD20. The maximum leverage can be up to 1:500. The FCA regulated company does not offer cryptocurrencies for trading and the maximum leverage complies with the requirements of ESMA – 1:30 for the major currency pairs.

There is negative balance protection, which means the client’s balance will never go below zero. The order execution policy shows that due to the high volatility of the market, the company has the right to offer the client a new price. Stop loss orders are not guaranteed and can be executed at the first available price. In addition, the company acts as principal and not as agent on the client’s behalf; therefore, the company is the sole Execution Venue for the execution of the client’s orders. That means TIOmarkets is a market maker and earns money from the client’s losses.

The company gives you the opportunity to become an Introducing Broker (IB) and make money from the client’s traded volumes.

As a conclusion we can say the FCA license of the TIOmarkets provides security. Clients can enjoy dealing through the MT4 and MT5 terminal. However, TIOmarkets obviously acts as a market maker and this implies a conflict of interest.