|Licensing and Regulation|
|Brand & Functionality|
|Trading Conditions & Execution|
Tiomarkets is a United-Kingdom based Forex/CFD Broker that is licensed by the FCA and the FSA. This exchange currently operates one hundred trading instruments and uses the MetaTrader5 platform for fixed/variable spreads. They’ve become successful in the United Kingdom by providing a service that has zero commissions and thin spreads. The company has over forty years of experience in the FX & CFD Markets and claims to operate robust security programs to create a dependable trading environment for its clients. Furthermore, clients can deposit with Bitcoin, Etheruem& other cryptocurrencies.
Tiomarkets used to be called Primus Capital Markets Ltd. The British Brokerage in November of 2018 rebranded themselves at Tiomarkets and shortly after, received the licensing needed to operate in the United Kingdom.
Licensing and Regulation
Tiomarkets is licensed by the Financial Conduct Authority and the Financial Services Authority. These watchdogs ensure that the United-Kingdom based exchange is abiding by the laws and supervisions implemented by Parliament, which ultimately protects your funds at the exchange.
The FCA demands that all brokers operating in the United Kingdom maintain the capital minimum of 730,000 Euros. This operational capital is implemented to guarantee that all clients have their money segregated and that it’s protected from creditors. Additionally, Tiomarkets must also provide trust accounts and regular file reports to the FCA. This allows the FCA to audit the brokerage on a month-to-month basis. Furthermore, since the FCA regulates Tiomarkets, all accounts are insured on upwards of 50,000 Euros.
Tiomarkets 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.
Tiomarkets website isn’t compatible with only Windows & Mac desktops. The site is also compatible with mobile devices using the Apple Safari Browser on iOS and Google Chrome on Android. The company offers a Forex, Energies, Crypto’s, Shares and Indices markets through the mobile site. The markets are operated through the MT4 and MT5 Trading Platforms, allowing for investors to access their full trading history. These platforms also allow for users to chart traders and utilise trading tools that alter market orders. Additionally, players can experience their trading services first-hand through a mobile demo account. Overall, mobile trading is a reliable and fast experience that is accessible from anywhere in the European Union or the United Kingdom.
Brand & Functionality
The Tiomarkets brand is growing in the EU & UK. However, in comparison to other exchanges, the brand hasn’t become that popular yet. This is primarily because the company launched its FX services back in Mid-2018. However, the owners and employees maintaining Tiomarkets have a combined 40+ years of experience in the FX & CFD Markets. The brand is centred on active and exciting trading.
Functionality wise, the markets are easily accessible through a drop-down menu. Via this menu, players can access the Indices, Shares, Crypto’s, Energies and Forex Markets on your desktop or mobile device. The drop-down menu also displays the trading abilities and contact options.
Signing up for a new account with Tiomarkets isn’t time-consuming, taking only a few moments of a potential investor’s time. Traders will have to provide regular information like their email address, date-of-birth, city, postal code and password information. Don’t forget to enter in your preferred language, mobile number and financial details. Immediately after signing up, players will notice that there are ten global currencies and five cryptocurrencies available to trade with.
Once necessary registration is completed, investors will be taken to a secondary page where they will need to provide personal information relating to their financial background history, trading experiences and a written-acknowledgement that they’ll abide by the terms and conditions of Tiomarkets. Furthermore, investors will also need to verify their address via a utility build and will have to copy their passport to confirm the birth of date.
Tiomarkets gives its clients innovative products that suit every trading need possible. Their educational trading products include guidance tutorials, in-house training and online seminars on how investing works. The products clients can use for trading include technical analysis services, exchange calculators and service tools. Clients also will receive analytics on mobile-browsers through Android & iOS mobile devices.
Trading Conditions & Execution
We’ve tested Tiomarkets exchange by using a demo account with the EUR/USD Spread. Quickly, our trade rose by 1 Pip. This is attractive for any trader, especially when you consider that this was done on a standard account. Those who register for the ECN Premier Account will receive an ever lower Pip of 0.4 on spreads. Additionally, there isn’t a trading commission tax implemented by Tiomarkets.
The several trading instruments listed on this exchange are comprehensive. There are contracts-for-difference on Oil, Silver & Gold as well as CFDs for stocks, indices and cryptocurrencies. Those crypto-coins include LiteCoin, Ethereum, Bitcoin, Ripple and Dash. Additionally, there are also 45 separate currency pairs that clients can access.
The maximum leverage at Tiomarkets follows the regulation standards implemented by the European Securities and Markets Authority, which states that all brokerages cannot leverage Forex transactions over 1:30 and cannot leverage CFDs for under 1:20. Trading at conservative leverage allows for traders to proportion their funds accurately.
Tiomarkets allows for clients to use ECN Premier Spreads that are fixed or variable. Not having a trading commission, and the Pip being as high as 0.5 creates an attractive trading environment for investors. This is the sole reason as to why Tiomarkets has risen to such dramatic success in only a year.
Tiomarkets operates under the MetaTrader4 and MetaTrader5 Trading Programs, which work with both mobile and desktop devices. These platforms have both seen international success, with MetaTrader4 being an acclaimed platform worldwide. This is due to the vast range of resources and trading tools available in MT4. This program comes with fifty separate technical indicators and systems that use advanced charting packages. Additionally, there are expecting advisors that help traders when it’s required.
The MetaTrader5 platform hasn’t even been around for a full year. However, the platform is still versatile and powerful. It’s quickly gaining popularity worldwide for its ability to allow traders and investors to interact between multiple exchanges. Clients will also be able to customise indicators, alter signals, change alerts, and use trading tools, analysis tools and advanced charting packages.
Tiomarkets is loaded up with forty-five different globally currency pairs for clients. These pairs include the USD/SEK, USD/NOK, USD/ZAR, USD/SGD, USD/HKD, USD/TRY, USD/MXN/ USD/PLN, USD/HUF and USD/CNH. As mentioned above, clients are also able to trade with cryptocurrencies like Ripple and Bitcoin. All of these currencies apply to stock market trading, crypto trading and indices trading. Contracts-for-difference has officially begun support cryptocurrency trading as well. Additionally, clients can access the platform in multiple languages, including Russian, Spanish, Polish, Chinese and English.
Tiomarkets provides secure and reliable banking services for clients. Primary transaction services like Visa, MasterCard, BankWire, TrustPay and UnionPay are available for deposit/withdrawing at this exchange. You can hold your balance in Bitcoin, Ether or Tio’s cryptocurrency “TioX”. Players will need to register first before depositing. Cashouts on stocks, trades or investments are processed in a maximum of five business days. There isn’t a capped amount to how much players can withdraw from their trading account, and SSL-Encryption Technology secures all transactions.
Tiomarkets has excellent customer support services for their clients. Whenever a question arises, or there’s an issue that needs to be dealt with, players can contact a support representative through live chat, email or phone. The support agents are respectful, friendly and provide professional solutions to any problem plaguing the client. The customer service facility operated by Tiomarkets is open 24 hours, meaning that a representative is reachable immediately. Furthermore, there is an FAQ section that allows for clients, traders or investors. Here they will be able to read through the commonly asked questions and their respective answers.
Tiomarkets is a United-Kingdom based FX & Cryptocurrency exchange that is quickly on the rise as out Tiomarkets review indicates. Their services are built around the incredible MetaTrader4 and MetaTrader5 applications, allowing clients to get the best online trading experience plausible. The trading conditions are perfect, allowing for a volatile and profitable market space that works in unison with the trading tools provided. It will enable those investors and traders to maintain those ideal conditions.