TIO Markets Fees and Spreads

 

A TIO markets fees and spreads Review

 

TIO Markets Fees and Spreads

 

TIO Markets fees spreads and commissions start from $0 per lot with spreads that start from 0.00 pips.

TIO Markets has a low and incredibly competitive spread when compared to what other brokers offer by offering a variable spread list which starts from 0.00 pips when using the VIP Account with spreads depending on the financial instrument.

 

TIO Markets trading fees are according to the type of account that the trader chooses and the options along with the leverage, subscription amount per month, and commissions are as follows:

  • VIP Account – subscriptions from $24.95 per month, maximum leverage of 1:200 and 1:500 on request, commissions charged from $2 per lot.
  • VIP Black Account – subscriptions from $49.95 per month, maximum leverage of 1:200 and 1:500 on request and zero commissions charged on trades.
  • Signature Account – free subscription, maximum leverage of 1:200 and 1:500 on request and $4 commissions per lot traded.
  • Standard Account – free subscription, maximum leverage of 1:200 and 1:500 on request and $6 commissions per lot traded.

 

The minimum deposit that TIO Markets requires a subscription of $24.95 to open a VIP Account as opposed to having a once-off set minimum deposit, which puts TIO Markets in a different category than other brokers.

 

Other Fees

 

Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.

Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.

There is no indication of whether TIO Markets offers the option of an Islamic account to traders who are of Muslim faith and who operate under the Sharia Law.

TIO Markets does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.

 

Broker Fees

 

TIO Markets does not charge deposit fees or withdrawal fees.

There is no indication of whether TIO Markets waives any additional broker fees such as inactivity fees or fees pertaining to account maintenance and management. Traders will have to verify any additional fees with TIO Markets before opening an account.

 

Pros and Cons

 

PROS CONS
1.      Tight and competitive spreads 1.      None Noted
2.      Fixed commissions on trades  
3.      Low commissions when compared to other brokers  

 

FAQ

 

How many instruments can I trade with TIO Markets?

You can trade the following instruments:

  • Forex
  • Various CFDs
  • Indices
  • Precious Metals
  • Commodities, and
  • Cryptocurrencies

 

Which platforms are supported by TIO Markets?

  • MetaTrader 4
  • MetaTrader 5

 

Does TIO Markets offer leverage?

Yes.

Traders have access to leverage up 1:200 but leverage of 1:500 is available on request.

 

What spreads can I expect with TIO Markets?

Spreads from as little as 0.0 pips.

 

Does TIO Markets charge commission?

Yes.

Commissions of $2 are charged on the VIP Account, $4 on the Signature Account, and $6 on the Standard Account.

 

Is TIO Markets regulated?

Yes, TIO Markets is regulated by the highly reputed FCA in the UK.

Is TIO Markets a recommended forex trading broker for experts and beginners?

Yes, TIO Markets is suitable for both beginner and expert traders, but the subscription fees may be too high for most beginners.

 

What is the overall rating out of 10 for TIO Markets?

8/10