Everything You Need to Know About the TIOmarkets Review
The TIOmarkets Review has been written by traders who have been using the broker, so they are in the best position to let you know if TIOmarkets is worth your time and money. Each aspect of the broker’s services has been touched on, from their trading platform to the education provided to their customer service representatives’ helpfulness, so you’ll know exactly what you’re getting into if you decide to sign up with them as well. If you want more information about TIOmarkets or any other brokers, check out our free reviews at Traders Union!
What is TIOmarkets?
TIOmarkets is a forex broker. Forex brokers are companies that allow traders to trade different currencies, stocks, and commodities in financial markets all over the world. There are many brokers out there, but TIO Markets is among one of the best. They offer a wide range of products and top-quality customer service with their global offices in Cyprus and London. With an easy-to-navigate interface and low minimum deposit requirement, it is no wonder they have won so many awards.
The Pros and Cons of TIOmarkets
When you're looking for a broker, it's important that you find a platform that meets your needs. The first thing to consider is what type of trading you want to do and if they offer those types of products. For example, if you plan on doing mainly long-term investing in stocks, bonds, and mutual funds then an online brokerage might be more appropriate for you. If this isn't your thing but still want a reputable broker, then check out TIOmarkets review. They offer stocks, ETFs and other investments as well as forex trading with tight spreads and competitive commissions.
The Fees Associated with TIOmarkets
In this section, you'll learn about the fees associated with TIOmarkets. There is a $50 fee for non-verified accounts, but that fee will be waived if you do an initial deposit of at least $1,000. There is no inactivity or monthly fees for non-verified accounts. The company does have a tiered fee structure for verified accounts and it varies depending on the volume traded.
The Countries Serviced by TIOmarkets
TIOmarkets is a Singaporean forex broker that provides its services to traders around the world. The broker offers over 50 currency pairs for trade, including:
EUR/USD, EUR/GBP, AUD/USD, NZD/USD and many more. Traders can make deposits through SWIFT transfer or Visa and Mastercard credit cards. There is no minimum deposit amount required. For withdrawals, there is a limit of €10 000 per day with a maximum of €50 000 per month. Trade execution on TIOmarkets is done electronically via FIX API 2 - which means orders are sent directly between you and your chosen trading partner's matching engine.
Customer Support Options for TIOmarkets
TIO Markets offers customers with a variety of ways to contact them:
* Web Chat: this is an instant messaging service where you can chat in real time with an agent.
* Phone Support: agents are available 24/7 and will call you back if they cannot answer your question over the phone.
* Email Support: these agents are available Monday through Friday, 9am-5pm EST.
The Bottom Line on the TIOmarkets Review
It's hard to find reviews for TIOmarkets, which is understandable considering they're relatively new. Still, it's worth noting that their parent company, Traders Union, has been around since 1998 and has a stellar reputation in the industry. We don't know if they're any good yet because we haven't tested them out ourselves; however, based on our research they seem like a promising broker with low spreads and high leverage. The only thing that might give you pause is their lack of regulation as an FCA-regulated broker in the UK - but this doesn't mean that you can't be confident about your money being safe with them.
