TIO Markets Review – Who Is TIOMarkets.Uk Broker?
TIO Markets Review, It is highly recommended to check every broker before even thinking about trading. So, by reading this honest review, you are on the right track.
When you deal with a brokerage company that is FCA-regulated, award-winning, and transparent about terms of exchange, provides over three hundred trading instruments, has access to modern trading platforms, and offers continual customer support and enough means of education, then no need to worry.
Such a company is TIO Markets; we will go through each of its features in the following TIO Markets review answering: who is TIOMarkets.uk Broker?
Also, take the time to read this complete analysis of licensed brokers, as it comes highly recommended by both us and everyone else here. Invast Global, SVK Markets, and LCG London Capital Group.
Headquarters | UK |
Regulation | FCA |
Platforms | MT4, MT5 |
Instruments | Forex, Stocks, Commodities, Indices |
Demo Account | Yes |
Minimum Deposit | 50 USD |
EUR/USD Spread | 1.0 pips |
Base Currencies | EUR, USD, GBP, CAD, AUD |
Education | Articles, webinars |
Customer Support | 24/5 |
TIO Markets License, and Regulation
Is TIO Markets regulated? Briefly, yes. Broker is an online financial trading company with seats in the UK. It implies that this forex provider should be licensed under the British financial market regulator (FCA) to operate legally, which, of course, is the case. Namely, this broker is fully authorized by FCA to provide services in the UK.
FCA-licensed brokers are sought after since they are trustworthy. For instance, FCA runs indemnification programs covering traders in the event of brokers’ bankruptcy with up to 85,000 GBP. On top of that, FCA is very strict in terms of regulation; one of its licensing prerequisites is maintaining 1M GBP of working capital, ensuring that brokerage firms are financially sustainable.
Moreover, regulated companies implement risk management measures to mitigate risks arising from buying/selling. Thus, this company offers negative balance protection (in the case of insolvency, it doesn’t impact traders) and segregation of funds (it holds its capital separate from your money).
Aside from this, this legitimate broker cooperates with tier-one banks, keeping your funds in a safe place. Overall, you can be sure that your investment is protected by this broker.
Trading Instrument Available
Regarding products available at TIO Markets, this UK-based broker provides access to four global markets consisting of over three hundred tradable assets, such as the following.
- Forex (more than seventy currency pairs): GBP/USD, USD/JPY, EUR/USD, AUD/CAD, CHF/SEK.
- Stocks: Google, Netflix, Amazon, Apple, Tesla, Facebook.
- Commodities (energies and metals): crude oil, natural gas, gold, silver, platinum.
- Indicies (US, UK, Asia, Australia, and Europe): S&P500, Rusell 2000, FTSE100, ASX200, Euro Stoxx 50.
As you can note, there are no crypto assets, which some might consider a slight disadvantage. Anyhow, the trading environment at TIO Markets is extremely auspicious.
TIO Markets Account Types
Speaking of trading accounts, it is great to see that this broker offers a demo account option, allowing traders to practice real trading for free and without risks. As for live trading accounts, there are three types at TIO Markets.
- Standard: a basic account with a 5 USD commission per lot and deposit-free.
- VIP: a low-cost account with a 2 USD commission per lot and a recurring monthly payment of 24.95 USD for a deposit.
- VIP Black: a flagship account with the lowest trading costs (tight spreads, zero commissions) and a deposit in form of a 49.95 USD monthly subscription.
All accounts have a maximum 1:30 leverage ratio, which is per UK standards since the FCA limits leverage to 1:30 for retail traders.
Trading Platform Overview
Going through lots of positive TIO Markets reviews on the web, you will notice that each trader highly appraises TIO Markets’ offer of trading platforms based on MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It comes with no surprise since both of these two programs are a gold standard in the industry.
They are safe, reliable, easy to use, and can be accessed on any device (a desktop version, mobile trading app, and a browser-based platform).
Not only that, MT4 and its successor MT5 come with cutting-edge tools such as stop-loss, copy trading, automated trading, unlimited pending orders, technical indicators, fast execution, and many more.
Deposits and Withdrawals Methods
When it comes to the deposit and withdrawal procedure at TIO Markets, there are several supported means of payment, including credit/debit cards, wire transfers, and e-wallets (Skrill and Neteller).
A minimum deposit amount is 50 USD with no fees, and the processing time is up to five business days.
As for withdrawals, you can use credit/debit cards and bank transfers. They also come with zero charges, no minimum amount for payoffs, and can take up to five business days.
Education and Resources
Concerning learning materials provided by TIO Markets, it will satisfy the needs of both beginners and experienced traders. The broker offers a range of resources, including articles, analyses, news, guides, and webinars.
For learning the ropes, you can use video tutorials, economic calendars, and a 10-day course. Then, there are technical analysis and a forex glossary, enabling you to stay up to date.
For those who want to learn more about TIO Markets, the company provides more information about markets, trading accounts, trading platforms, and trading conditions. Generally speaking, there is enough access to education at TIO Markets.
Customer Service
With reference to customer service, TIO Markets excels with its fantastic offer. Thereby, if you need assistance with trading, you can contact its customer support team via email, website contact form, live chat, or request a callback. It is multilingual and available 24/5.
In addition, if you need to check legal documents, you have a dedicated section on the broker’s website, allowing full access to all necessary formal papers.
TIO Markets Overall Summary
To conclude this TIO Markets broker review with main facts. Instead of dealing with shady brokerage firms, your best option is to stick with regulated and licensed brokers such as TIO Markets.
It holds a prestigious FCA license and is registered in the UK, one of the most respectful jurisdictions. The company is transparent about its trading conditions, offering appealing terms of exchange.
It keeps up the pace with industry leaders by providing state-of-the-art technology and competitive accounts. We must also commend its educational resources and professional customer support.
So, is TIO Markets legit? Yes, it surely is; over 100,000 clients from over 170 countries have opened accounts at TIO Markets–therefore, we also highly endorse this brokerage company for investing with.
FAQs About TIO Markets Broker
Does TIO Markets Offer Demo Account?
Yes, it does, enabling you to test your strategy, its trading conditions, and trading platforms for free and without risks.
How Can I Deposit Funds at TIO Markets?
You can transfer funds to and from accounts at TIO Markets via credit and debit cards, bank transfers, and digital wallets.
What Account Types Do TIO Markets Offer?
This broker offers three account types, including standard, VIP, and VIP black.
Are the Funds in my Trading Account Safe at TIO Markets?
Yes, they are since TIO Markets is a licensed and regulated brokerage firm.
What Documents are Required to Create a Live Account at TIO Markets?
To set up a real trading account at TIO Markets, you need to provide proof of identity and address and be verified.