TIO Markets is a regulated FX and CFD broker owned and operated by TIO Markets UK Limited. It is based in the United Kingdom and founded in 2019. The company is authorized and regulated by the British Financial Conduct Authority (FCA). The FCA demands that all brokers operating in the United Kingdom maintain the capital minimum of 730,000 Euros. Since the FCA regulates TIO Markets, all accounts are insured up to 50,000 Euros. TIO Markets can operate across the European Union and the United Kingdom with its Financial Conduct Authority License. Traders in Norway, Iceland, Greenway, and other remote countries in Europe have equal access to TIO’s trading services. TIO Markets is registered in Saint Vincent and the Grenadines (SVG) and supervised by the Financial Services Authority (FSA).
TIO Markets’ range of assets includes everything from the usual major and minor Forex pairs, commodities, cryptocurrencies, single shares of US-listed companies, and major share indices from all over the world. All assets offered by TIO Markets are traded as contracts-for-difference (CFDs) with a leverage of up to 1:200. This broker had garnered success in the United Kingdom with its services that are free of commissions and thin spreads.
The company has over forty years of experience in the FX and CFD markets. It claims to operate robust security network programs to create a dependable trading environment for its clients.
TIO Markets used to be called Primus Capital Markets Ltd. The company rebranded itself to TIO Markets after they received the licensing needed to operate in the United Kingdom in November 2018.
TIO Markets Platforms: MetaTrader 4 and MetaTrader5
Despite being a relatively new broker, TIO Markets offers MetaTrader4 and MetaTrader5 as trading platforms, which work with both mobile and desktop devices. These two platforms were developed by the Russian firm MetaQuotes Software in 2005 and 2010, respectively.
The MT4 and MT5 have both seen international success, with MetaTrader4 being an acclaimed platform worldwide. It has gained popularity worldwide for its ability to allow traders and investors to interact with multiple exchanges. It is due to the vast range of resources and trading tools available in MT4. MetaTrader4 comes with fifty separate technical indicators and systems that use advanced charting packages. It also allows clients to customize trading signals and change alert trading views. Additionally, there are Expert Advisors (EAs) that help traders when it’s required.
Both platforms provide a wide selection of advanced tools to help clients in trading, including a huge number of technical trading indicators and strategies. MT4 and MT5 also allow users to code their own indicators and strategies with the help of a proprietary scripting language, known as MetaQuotes Language (MQL).
TIO Markets Trading Accounts
TIO Markets offers four different account types:
– Standard Account, with $6 commission/lot
– Signature Account, with $4 commission/lot
– VIP Account, with $2 commission/lot and with a subscription fee of $24.95/month
– VIP Black Account, commission-free for a subscription fee of $49.95/month
Among these account types, the VIP Black account is the most beneficial for large traders, although it comes with a high fixed monthly subscription fee. However, the VIP Black account also has the tightest spreads, with no mark-up added on the raw spreads from the liquidity providers. According to TIO Markets, this account type offers the best deal for anyone who trades five or more lots per month.
TIO Markets Funds and Withdrawals
TIO Markets provides secure and reliable banking services for its clients. Transaction services like Visa, MasterCard, BankWire, TrustPay, and UnionPay are available for deposits and withdrawals. TIO Markets also accepts cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), or TIO’s cryptocurrency “TioX.” There is no capped amount to how much traders can withdraw from their trading account, and SSL-Encryption Technology secures all transactions.
Bottomline
TIO Markets is a United-Kingdom based FX and CFD broker that is unique since they offer investors tight spreads and charge a flat fee commission. While many brokers make their money with wider spreads, TIO Markets lets its customers choose a subscription plan. Its services are built around the incredible MetaTrader4 and MetaTrader5 applications, allowing clients to get the best online trading experience.
All in all, TIO Market’s trading conditions are perfect. The trading leverage and margin are limited to 1:200 following European laws. The spreads offered on major Forex pairs are below 1 pip. Many pairs had 0.1 or 0.2 pips spreads, which is impressive for high volume traders. It has good volatility and profitable market space that works in unison with the trading tools provided. It will enable those investors and traders to maintain ideal conditions.
