General Information
TIO Markets is a forex and CFD broker registered in the United Kingdom, offering diversified trading products including currency pairs, indices and commodities through the advanced MT4and MT5 trading platform.
TIO Markets is a regulated brokerage operating under the Straight Through Processing (STP) license in the United Kingdom. The company offers a range of market instruments for trading, including Forex, Commodities, Indices, and Stocks. Traders can access popular currency pairs, precious metals, market indices, and individual stocks of well-known companies.
TIO Markets provides different account types to cater to various trading needs, such as the Standard Account, VIP Account, VIP Black Account, Spread Betting Account, and Islamic Accounts. These accounts offer features like fast order execution, leverage up to 1:30, and access to the MT4 and MT5 trading platforms. However, it's worth noting that there is a mention of a negative review indicating a potential risk or scam.
The brokerage offers popular trading platforms, MetaTrader 4 (MT4), and MetaTrader 5 (MT5), which provide comprehensive tools for technical analysis, algorithmic trading, and mobile trading. Traders can also benefit from various trading tools, including calculators, an economic calendar, and client sentiment indicators. TIO Markets provides educational resources such as articles, webinars, and a blog to assist traders in their trading journey.
When it comes to funding and withdrawals, TIO Markets supports different payment methods, including Bank Wire Transfer, Debit/Credit card, Crypto, and E-wallet options. The company has specific minimum deposit and withdrawal amounts, and fees may apply under certain circumstances.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Pros and Cons
TIO Markets is a regulated brokerage firm based in the United Kingdom. They operate under the Straight Through Processing (STP) license type and have been in the industry for 10-15 years. TIO Markets offers a global business with high potential risk. They provide trading services through the popular MT4/MT5 trading platforms and offer a range of market instruments including Forex, Commodities, Indices, and Stocks. While TIO Markets is regulated and provides various account types, trading platforms, and educational resources, it's important to note that there have been negative field survey reviews indicating a potential risk or scam associated with this broker.
Is TIO Markets Legit？
TIO Markets UK Limited is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The company operates under the Straight Through Processing (STP) license type. The FCA license number for TIO Markets UK Limited is 488900. The regulatory status of TIO Markets is currently stated as “Regulated.” The effective date of the license is August 26, 2009. The licensed institution's address is located at Tio Markets UK Limited, 6th Floor - 116 8 Devonshire Square, London, EC2M 4YD, United Kingdom. The contact phone number for TIO Markets UK Limited is +44 020 3865 2275, and their email address is compliance@tiomarkets.uk. The licensed institution's website is www.tiomarkets.uk. Please note that there is a mention of one negative field survey review regarding this broker, indicating a potential risk or scam.
Market Instruments
TIO Markets offers a range of market instruments for trading. These instruments include Forex, Commodities, Indices, and Stocks.
FOREX
Under the Forex category, TIO Markets provides various currency pairs for trading. Examples include EUR/USD, GBP/USD, USD/JPY, USD/CAD, NZD/USD, and NZD/CAD. Each currency pair has bid and ask prices, indicating the buying and selling prices for the respective currencies.
COMMODITIES
In the Commodities category, TIO Markets offers trading opportunities for precious metals like Silver, Gold, and Platinum. The bid and ask prices are provided for each commodity, reflecting the market values for buying and selling these assets.
INDICES
For Indices, TIO Markets allows trading on popular market indices such as S&P, DJ, STOXX 50, JP 225, DAX, and UK 100. Each index has its bid and ask prices, representing the current buying and selling prices of the respective indices.
STOCKS
Lastly, TIO Markets provides trading options for individual stocks of well-known companies such as Apple, Amazon, BMW, Google, McDonald's, and Tesla. These stocks have bid and ask prices, indicating the buying and selling prices for each company's shares.
Pros and Cons
Account Types
TIO Markets offers a range of account types to cater to different trading needs:
Standard Account:
The Standard account offered by TIO Markets is a basic account suitable for all trading styles and strategies. The account has a commission of $5 per lot and offers standard spreads. Traders using the Standard account can benefit from signals provided by Trading Central. The account features fast order execution, leverage up to 1:30, and the ability to trade all global markets. MT4 and MT5 trading platforms are available for use. The Standard account allows free deposits and withdrawals, and customer support is available 24/7.
VIP Account:
Traders using the VIP account are charged a commission of $2 per lot and can access lower spreads. They also receive signals from Trading Central and benefit from fast order execution. Like the Standard account, the VIP account offers leverage up to 1:30, the ability to trade all global markets, and access to MT4 and MT5 trading platforms. Free deposits and withdrawals are available, and customer support is provided 24/7.
VIP Black Account:
Traders using the VIP Black account are not charged any commission per lot.They receive signals from Trading Central and benefit from fast order execution. The account offers leverage up to 1:30, the ability to trade all global markets, and access to MT4 and MT5 trading platforms. Free deposits and withdrawals are available, and customer support is provided 24/7.
Spread Betting Account:
The Spread Betting account at TIO Markets allows traders to trade with low spreads and low commission. Traders using this account are not charged any commission per lot, and they trade using spread-only terms. Signals from Trading Central are provided, and fast order execution is available. The account offers leverage up to 1:30, the ability to trade all global markets, and access to MT4 and MT5 trading platforms. Free deposits and withdrawals are available, and customer support is provided 24/7.
Islamic Accounts:
TIO Markets offers Islamic trading accounts for traders who follow Islamic principles. These accounts comply with Islamic faith by excluding interest, which is prohibited. Instead, storage fees may apply. To learn more about the requirements for creating an Islamic account, traders can contact TIO Markets.
Demo Account:
TIO Markets provides a demo account where traders can practice without risk using virtual money up to $50,000. The demo account allows users to familiarize themselves with the trading platform, test strategies, and experience the trading conditions provided by TIO Markets in a simulated environment.
Pros and Cons
How to Open an Account
To open an account with TIO Markets, follow these simple steps:
Step 1: Visit the TIO Markets website and click on the “Register” button.
Step 2: Fill out the registration form. Provide your first name, last name, and email address. Ensure that all the required fields are filled in accurately.
Step 3: Select your country of residence from the provided options. In this case, as mentioned, select “United Kingdom.”
Once you have completed these steps, click on the “Next” button to proceed with your account registration. After submitting the registration form, you may receive a confirmation email or further instructions from TIO Markets to complete the account opening process.
Leverage
TIO Markets provides leverage options to traders, allowing them to amplify their trading positions. The maximum leverage offered by TIO Markets is up to 1:30 across various trading accounts
Spreads & Commissions
TIO Markets offers spreads starting from 0.2 pips for trading. The Standard account has a commission of $5 per lot, while the VIP account charges $2 per lot. There are no commissions for VIP Black account and Spread Betting account.
Non-Trading Fees
The inactivity fee is applicable when clients initiate a withdrawal from their wallet without having executed any trades. The fee structure for inactivity fees varies depending on the withdrawal method chosen. For bank wire transfers, the fee is set at 25 USD. In the case of debit/credit card transactions, a fee of 5% of the withdrawal amount is levied. For crypto withdrawals, specific amounts are charged, such as ETH 0.003, BTC 0.0004, TIOx 50, and USDT 1.5. Additionally, e-wallet withdrawals are subject to a 5% fee.
Regarding charges on stocks, TIO Markets does not impose fees for opening or closing positions on any stocks instrument if the position is closed on the same day it was opened. However, there is an overnight fee applicable to open positions in Single Equity CFDs. This fee is referred to as a swap charge and is reflected in the client's account.
Deposit & Withdraw
TIO Markets offers various options for depositing and withdrawing funds. For deposits, you can choose from the following funding methods:
1. Bank Wire Transfer: You can deposit funds in EUR, USD, GBP, CAD, or AUD. The minimum deposit amount is 10 USD (or currency equivalent), and there are no fees if the deposit amount is over 10 USD. The processing time for bank wire transfers is up to 5 working days.
2. Debit/Credit Card: This method accepts deposits in any currency. The minimum deposit amount is 10 USD (or currency equivalent), and there are no fees if the deposit amount is over 10 USD. The processing time for debit/credit card deposits is 1 working day.
3. Crypto: TIO Markets supports deposits in ETH, BTC, TIOx, and USDT. The minimum deposit amount is 10 USD (or currency equivalent), and there are no fees if the deposit amount is over 10 USD. The processing time for crypto deposits is 1 working day.
4. E-wallet: Deposits can be made using any currency. The minimum deposit amount is 10 USD (or currency equivalent), and there are no fees if the deposit amount is over 10 USD. The processing time for e-wallet deposits is 1 working day.
When it comes to withdrawals, TIO Markets covers all costs if you want to withdraw more than 10 USD (or fiat currency equivalent). However, certain circumstances may incur fees:
- If you have funded your account but not traded.
- If you want to withdraw less than the minimum of 10 USD (or currency equivalent).
- If you want to withdraw in crypto.
For withdrawals, the processing time and fees vary depending on the method chosen:
1. Bank Wire Transfer: Withdrawals in EUR, USD, GBP, CAD, or AUD have a minimum amount of 25 USD (or currency equivalent) and no fees. The processing time for bank wire transfer withdrawals is up to 5 working days.
2. Debit/Credit Card: Withdrawals in any currency have a fee of 5%. There are no minimum withdrawal requirements, and the processing time for debit/credit card withdrawals is 1 working day.
3. Crypto: Withdrawals in ETH, BTC, TIOx, or USDT have specific minimum amounts and fees. The processing time for crypto withdrawals is 1 working day.
Pros and Cons
Trading Platforms
TIO Markets provides traders with two popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
MetaTrader 4
MetaTrader 4 is widely used by millions of traders worldwide and offers a range of features suitable for traders of all skill levels and portfolio sizes. With MT4, traders have complete control over their trading accounts and can access them from anywhere and at any time. The platform provides a comprehensive set of tools for advanced technical analysis, algorithmic trading, expert advisors, and other mobile trading tools. It includes 30 technical indicators, 24 analytical objects, financial market news, data protection, and a history of trading operations. Traders can utilize various order types and execution modes, and choose from three types of charts: Bars, Japanese Candlesticks, and a broken line. The platform can be downloaded for immediate use.
MetaTrader 5 (MT5)
On the other hand, MetaTrader 5 (MT5) offers even more advanced functions and tools for financial trading and analysis compared to MT4. It provides a powerful trading system that enables traders to execute their strategies. The platform includes an advanced market depth feature, tick chart, time & sales information, and separate accounting of orders and traders. It offers 30 built-in indicators and 24 analytical objects to assist with technical analysis. Traders can utilize all types of trading orders and execution modes, including one-click trading. Additionally, they can send trading orders directly from the price chart or market depth window. MT5 also supports automated trading through the use of trading robots and trading signals. The platform can be downloaded for immediate use as well.
Pros and Cons
Trading Tools
TIO Markets offers a range of trading tools to support traders in their strategies. These tools include calculators, an economic calendar, and client sentiment indicators.
The calculators provided by TIO Markets are practical tools designed to assist traders in their trading strategies. These calculators cover various aspects of trading, such as profit calculation, pip value determination, currency conversion, and margin calculation. These tools aim to provide traders with valuable insights and information to make informed decisions.
In addition to calculators, TIO Markets offers an economic calendar. This calendar helps traders stay informed and up to date with global events and data releases that may impact the financial markets. By keeping track of important economic indicators, traders can better understand market dynamics and potentially adjust their trading strategies accordingly.
Client sentiment indicators are also available to traders. These indicators offer popular sentiment dials that help traders gain insights into pricing behavior. By understanding and acting upon market sentiment, traders may be able to make more informed trading decisions.
Pros and Cons
Educational Resources
TIO Markets provides educational resources to assist traders in their trading journey. These resources include education articles, webinars, and a blog.
The education articles offered by TIO Markets cover a range of topics related to trading. They provide useful trading tips and resources, written by professional traders, to help traders enhance their knowledge and skills. These articles aim to offer insights and guidance without using any promotional language.
Webinars are another educational resource provided by TIO Markets. These webinars offer market analysis and insights, along with sensible trading strategies. Traders can benefit from technical and fundamental analysis shared during these webinars. The webinars are conducted by experienced analysts and traders, with expertise in various financial markets.
TIO Markets also maintains a blog that features market analysis articles. These articles provide analysis and commentary on current market trends and events. They cover topics such as interest rate expectations, market movements, and other relevant market news.
Payment Methods
TIO Markets offers several payment methods for its clients, including Bank Wire Transfer, Debit/Credit card, Crypto, and E-wallet options. These payment methods enable clients to fund their accounts and make transactions. The available options include Visa, Mastercard, SEPA, Bank Wire Transfer, Skrill, Neteller, Fasapay, and Pay Retailers. Clients can choose the payment method that suits their preferences and needs.
Customer Support
TIO Markets provides customer support services to cater to the needs of their clients. They offer 24/7 support in multiple languages. The languages supported include English, Arabic, Chinese, German, Spanish, French, Indonesian, Italian, Malay, Polish, Portuguese, Vietnamese, Turkish, and more.
Their customer service operates for 24 hours a day, five days a week, allowing clients to reach out for assistance during most trading hours. The support team can be contacted through various channels, including email, live chat, call back services, and even through their official Facebook page.
For inquiries or concerns, customers can send an email to support@tiomarkets.uk, and the customer support team will respond accordingly. Additionally, clients have the option to engage in live chat sessions, enabling real-time communication for prompt assistance. TIO Markets also provides a call back service, allowing customers to request a callback at their convenience.
Furthermore, TIO Markets maintains an active presence on Facebook, where clients can interact with the company and seek support if needed. The official Facebook page of TIO Markets UK can be accessed at https://www.facebook.com/TIOmarketsUK/.
Reviews
A review on WikiFX mentions a fraudulent incident involving TIO Markets, where a user claims that their revenue share commission was significantly reduced when attempting to withdraw funds from their client portal. The reviewer expresses shock and dissatisfaction with the situation.
Conclusion
TIO Markets is a regulated brokerage firm operating under the Straight Through Processing (STP) license type. The company offers a range of market instruments for trading, including Forex, Commodities, Indices, and Stocks. They provide multiple account types to cater to different trading needs, such as Standard, VIP, VIP Black, Spread Betting, and Islamic accounts. TIO Markets supports popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). They also offer various trading tools, including calculators, an economic calendar, and client sentiment indicators. TIO Markets provides educational resources through articles, webinars, and a blog. They accept multiple payment methods for deposits and withdrawals. However, it's important to note that there is a mention of a negative field survey review, indicating a potential risk or scam.
FAQs
Q: What types of trading accounts does TIO Markets offer？
A: TIO Markets offers Standard, VIP, VIP Black, Spread Betting, and Islamic accounts.
Q: What trading platforms are available at TIO Markets？
A: TIO Markets provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
Q: What payment methods can I use with TIO Markets？
A: TIO Markets supports Bank Wire Transfer, Debit/Credit card, Crypto (ETH, BTC, TIOx, USDT), and E-wallet options (Skrill, Neteller, Fasapay, Pay Retailers).
Q: Does TIO Markets offer educational resources？
A: Yes, TIO Markets provides educational articles, webinars, and a blog for traders to enhance their knowledge and skills.
Q: Is TIO Markets regulated？
A: Yes, TIO Markets is regulated by the Financial Conduct Authority (FCA) in the United Kingdom.
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