TIOmarkets is a Forex broker, offering a refreshing and interesting alternative for investors and day traders. This broker is relatively young, as they only opened in May 2019.
Owned and operated by TIO Markets UK Limited, they are located at: 9 Devonshire Square, 3rd Floor, London, United Kingdom EC2 M4YD. The customer support email address is: [email protected]. Official European Website is: https://tiomarkets.uk/, and their global site is: https://tiomarkets.com.
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TIOmarkets Broker Review
Our review of TIOmarkets finds that this broker is unique, since they offer investors tight spreads, and charge a flat fee commission. While many brokers make their money with wider spreads, TIO decided to let the customer choose a subscription plan.
Trading leverage and margin is limited to 30:1 in accordance with European laws. The spreads offered on Major Forex Pairs, was below 1 pip at the time of this review. Many pairs had 0.1 or 0.2 pips spreads which is amazing for high volume traders. Over 120 underlying assets are available for CFD trading.
MetaTrader 5 and the old MetaTrader 4 platforms are available for all investors. You can choose from either the desktop software, or the mobile trading apps.
Is TIOmarkets a Licensed Broker?
Well yes and no, it depends on your country of residency. It is important for all investors to verify that the broker they will be investing with, is licensed and offers protection to investors from their own country.
- United Kingdom: TIO Markets UK Ltd, is regulated by the Financial Conduct Authority (FCA) with license number 488900. This license covers investors from the U.K.. Prior to December 27th 2018, this broker went by the name Primus Capital Markets.
- International: TIO Markets Ltd is located at Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent And The Grenadines. This makes them an offshore broker.
The method that we used in reviewing this new forex broker to determine if they are a legitimate company or a online scam, was we checked for a valid FCA brokers license. The best brokers are always licensed by the FSCA, ASIC or FCA. Smart investors will always use a licensed broker, because of the protection you are afforded from their financial regulator.
Compare The Best Brokers
The best forex broker is a very general statement, because each investor has their own needs and requirements from their broker. However, a smart investor will always have their main broker, and another broker as a backup. You can see our list of most popular brokers.
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