FX.co ★ TIO Markets - Broker rating, review and comments

About company

TIO Markets is a subsidiary of TIO Markets UK Limited headquartered in the UK. The broker is regulated and holds licenses issued by such well-established regulators as the FCA and CySec. TIO Markets is supervised by the Financial Conduct Authority (FCA) of the UK, one of the strictest agencies regulating financial services providers.

Trading conditions

TIO Markets offers its clients a wide range of trading instruments, including

• more than 70 currency pairs
• stock indices of the US, the UK, Asia, Europe, and even Australia
• shares of large companies such as Amazon, Tesla, Apple, etc.
• commodities (oil and natural gas)
• cryptocurrencies (Bitcoin, Ethereum)
• metals (gold, silver, and platinum)

The broker invites its clients to trade on MT4 and MT5, popular and time-tested trading platforms.

Professional traders can benefit from a VIP Black account, a special trading account lacking any commissions.

To replenish an account or withdraw funds, clients are free to choose a suitable option: credit/debit cards (Visa or MasterCard), bank wire, and an e-wallet (Neteller or Skrill).

The minimum deposit equals $50. However, it makes sense for clients to begin trading with almost $200-$250.

Three types of accounts are available with TIO Markets: Standard, VIP, and VIP Black. A Standard account is free to open, but a client is charged a $6 commission for every sold lot. A VIP account costs a client $24.95 per month. Moreover, the broker charges a $3 commission for every sold lot. Besides, a client has access to priority support. Holders of a VIP Black account pay $49.95 per month that releases them from any commissions.

The biggest leverage is 1:200. Nevertheless, higher leverage of 1:500 is also available at a client’s request.

All spreads with the broker are floating depending on a particular trading instrument and a type of account. Spreads can vary from 0.1 to 7 pips.

Support service

On the official website, the broker provides a special request form where a client should fill in his/her full name, email, and telephone number. In addition, clients can look up the FAQ section with detailed answers. Questions are grouped by themes, for example, Accounts, Finances, PAMM, etc. The broker also unveils an email address for inquiries.

Traders’ reviews

Despite the broker’s compliance with stringent regulations, the Internet is flooded with negative comments on the company. Traders complain about troubles with profit withdrawals and poor customer support.

Advantages:

• no commission on deposit/withdrawal
• modest minimum deposit
• PAMM service
• regulated licensed broker that ensures safety of clients’ funds
• negative balance protection

Disadvantages:

• a lot of negative comments
• offshore registration
• no demo account