All Share (J203) = 90 150
Rand / Dollar = 18.16
Rand / Pound = 23.55
Rand / Euro = 19.76
Gold (usd/oz) = 3 033.76
Platinum (usd/oz) = 997.86
Brent (usd/barrel) = 70.89
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

TIOmarkets Review South Africa

TioMarkets Review

 

Overall TIOmarkets is a trustworthy and low-risk broker with a high overall rating of 8 out of 10. TIOmarkets is authorized and regulated by FCA and offers leverage of 1:30 for major currencies 1:20 for minor currencies and 1:10 for commodities.

 

TIOmarkets at a Glance

 

🔎 Broker's NameTIOmarkets
📍 HeadquarteredSaint Vincent and the Grenadines
📅 Year Founded2019
⚖️ Regulating AuthoritiesFCA
🌐 Countries not accepted for tradeBelgium
United States of America
Democratic People’s Republic of Korea
Afghanistan
Iran
Iraq
Sudan
Syria
Palestine
☪️ Islamic account (swap-free)Yes
👍 Demo AccountYes
📊 Institutional AccountsNo
📊 Managed AccountsYes
📈 Maximum Leverage1:30 for major currencies, 1:20 for minor currencies, 1:10 for commodities, 5:1 for indiviidual equities and other reference value
💰 Minimum DepositStandard account $50 / R 850,33, VIP account $1000 / R 17 002, VIP Black $3000 / R 51 008
💳 Deposit OptionsVisa
Mastercard
Bankwire, and
SafeCharge
💳 Withdrawal OptionsVisa
Mastercard
Bankwire, and
SafeCharge
💻 Platform TypesMT4/MT5
📱 OS CompatibilityWindows, Mobile, Web, iPhone, iPad
📈 Tradable assets offeredforex, stocks, indices and commodities
👨‍💼 Languages supported on WebsiteMulti-language
👥 Customer Support LanguagesMulti-language
📆 Customer Service Hours24/5
🚀 Open an Account👉 Click Here

 

Min Deposit

USD 50

Regulators

FCA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

TIOMarkets Review – 22 key points quick overview:

 

  1. TIOmarkets at a Glance
  2. TIOMarkets Review – 22 key points quick overview:
  3. TIOMarkets Overview
  4. TIOmarkets Safe or Scam?
  5. TIOmarkets Sign-up Bonus
  6. TIOmarkets Minimum Deposit
  7. TIOmarkets Step by step guide to depositing the minimum amount
  8. TIOmarkets Account Types
  9. TIOmarkets Account Features
  10. How to set up a TIOmarkets Demo Account – Step by Step
  11. TIOmarkets Islamic Account
  12. TIOmarkets Trading Platforms
  13. TIOmarkets Fees and Spreads
  14. TIOmarkets Deposit and Withdrawal
  15. TIOmarkets  Best Countries by Traders
  16. TIOmarkets Current Popularity Trend
  17. TIOmarkets vs Etoro vs XM – Comparison Table
  18. TIOmarkets Customer Reviews
  19. TIOmarkets Pros and Cons
  20. Conclusion
  21. Disclaimer
  22. Frequently Asked Questions

 

TIOMarkets Overview

 

TIOmarkets Overview

 

According to research in South Africa, TIOmarkets is a London-based brokerage firm that offers a trading environment that is fast and dependable. TIO also provides an approach to a trading environment in which security is a top priority.

 

Traders from around the globe can be assured of the best trading conditions along with the trading of FX and CFD instruments that is unrivaled.

 

Through NDD and bridged technology along with education that is professional, TIO provides a trading experience that is easy, safe, and productive. Inner circle webinars and transparency also form part of TIOmarkets’ offering.

 

TIO and its team have more than 40 years of experience in the provision of trading solutions. With innovative products like that of TIOshield and predictable pricing, TIO comes out at the top where brokers are concerned.

 

TIOmarkets Safe or Scam?

tio markets review

 

TIOmarkets is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. This is by far one of the strictest authorities which govern not only trading but investment firms.

 

By using TIO as a broker, traders can be assured that they have consumer protection at the highest level in the world. TIO is also subjected to compliance with best practices along with other regulations.

 

TIO’s client funds are kept in segregated accounts and this means that under no circumstances may TIO use client funds for operational purposes.

 

Like all other brokers who are regulated by the FCA, TIO’s transactions are constantly monitored and audited to ensure that the best service is provided.

 

TIOmarkets also have an additional entity registered in the offshore SVG which makes provision for the global expansion into trading.

 

Although this may present a high risk to a lot of brokers, TIOmarkets adheres to the strict compliance of the FCA, and offshore trading is therefore safe with this broker.

 

Min Deposit

USD 50

Regulators

FCA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

TIOmarkets Sign-up Bonus

 

TIOmarkets Sign-up Bonus

 

TIO Markets does not offer a sign-up bonus.

 

📍 When traders register a real account with TIO Markets, they are not offered any of the following:

➡️ Sign-up bonus

➡️ Welcome bonus

➡️ Deposit bonus

➡️ No-deposit bonus

 

Various brokers also offer no-deposit bonuses to traders in the same effort to draw in more customers and bonuses like this may aid not only the broker in acquiring new clients but also traders who have strict budgetary restrictions.

 

Traders must ensure that they familiarise themselves with the terms and conditions associated with bonuses. Traders must also ensure that they qualify for the specific criteria tied to bonuses.

 

The bonuses which are offered in this category are not cash bonuses, they are credited to the trader’s account as trading credit which can be used towards trading activities, thus traders can take advantage of trading risk-free.

 

However, profits made from the trading credit can be withdrawn despite this.

 

TIOmarkets Minimum Deposit

 

TIOmarkets Minimum Deposit

 

TIO Markets’ monthly subscription starts from $24.95.

 

📍 Instead of having an initial minimum deposit requirement, TIO Markets charges a monthly subscription on its accounts. The only two accounts on which this information is available in the VIP and VIP Black accounts.

 

➡️  VIP Account – $24.95 equivalent to R429,33

➡️  VIP Black Account – $49.94 equivalent to 840,44 ZAR as per the exchange rate between the US dollar and the South African rand.

 

TIO Markets is based in the United Kingdom and regulated by the reputable and strict FCA. Regulating entities such as these requires that brokers keep client funds in segregated accounts, separate from the broker account.

 

This way, client funds are not used for any activities other than trading. In addition, brokers must also be members of a compensation fund to provide traders with a certain level of insurance in case the broker cannot fulfill their financial obligations.

 

TIOmarkets Step by step guide to depositing the minimum amount

 

📍Deposits can be made with TIOmarkets using the following steps:

 

🔴Step 1 – Log in

Once the trader has completed the process of registering on the website, the trader can pay the subscription fee by logging into the TIOmarkets Client Portal and selecting the option to deposit, followed by the method of payment and the amount.

 

TIOmarkets Step by step guide to depositing the minimum amount STEP 1

 

🔴Step 2 –Make the deposit

Lastly, traders must finalize and confirm their deposit, following any additional prompts or instructions.

Due to the nature of TIO Markets’ offering, traders will need to verify the process with the broker along with the possibility of facilitating monthly debit orders for convenience.

Traders must ensure that the account where funds are coming from is in the same name that they registered their trading account as TIO Markets does not allow third-party deposits. Deposits that are received from unknown sources are returned, and traders may be held liable for the fees.

 

 TIOmarkets Step by step guide to depositing the minimum amount STEP 2

 

🔴Step 3 – Review your transaction

Choose your preferred payment option and fund your account.  Depending on the method you chose, it might take a couple of days for your deposit to show up on your brokerage account. When it happens, the brokers usually send you an email to confirm the receipt of the deposit.

 

 TIOmarkets Step by step guide to depositing the minimum amount STEP 3

 

Min Deposit

USD 50

Regulators

FCA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

TIOmarkets Account Types

 

TIOmarkets Account Types

 

📍 TIO Markets offers a choice between four main account types, each with its own unique trading conditions and features. These account types are:

➡️ VIP Account

➡️ VIP Black Account

➡️ Spread Account

➡️ Standard Account

 

TIOmarkets Account Features

 

📍 The premium packages that TIOmarkets offers to traders have the following advantages:

 

➡️ Raw spreads, as well as zero-cost trading conditions, are offered to VIP Black Clients.

➡️ TIOshield, which adds insurance to trade, ensures that traders can be refunded if the markets move against them within 60 minutes from when they opened a trade.

➡️ Access to inner-circle webinars.

➡️ Risk consultation pertaining to any trading matters is provided by an in-house financial expert.

 

📍 Even though each account type offered has its own set of features and benefits, some of the following features are included across all account types:

➡️ Maximum leverage up to 1:1000 and up to 1:500 on request.

➡️ Zero fees on deposits and withdrawals.

➡️ Fast Withdrawals.

➡️ Fast trade execution.

➡️ A risk-free demo account is offered.

➡️ Access to more than 120 tradeable financial instruments.

➡️ Dedicated and responsive customer support.

➡️ Negative balance protection is offered.

 

VIP Account

📍 This account caters to traders who trade up to 5 lots per month and it includes the following features:

➡️ A monthly subscription fee of $24.95.

➡️ Commissions of $2 are charged per lot traded.

➡️ Support is prioritized and traders have access to Level 1 education.

 

tio markets vip account

 

VIP Black Account

📍 This account type caters to traders who will trade 5 lots or more per month and includes the following features:

➡️ A monthly subscription fee of $49.95.

➡️ This account type offers commission-free trading.

➡️ Access to TIOshield.

➡️ Access to platinum support and advanced education.

 

tio markets vip black account

 

Spread Account

📍 This account is suitable for TIOx holders and features:

➡️ Zero subscription fees.

➡️ $0 commissions are charged per lot traded.

tio markets spread account

 

 

Standard Account

📍 This account type caters to traders who trade less than five lots a month with the benefit that there is no monthly subscription fee along with the following features:

➡️ Commissions of $5 are charged per lot.

 

tio markets standard account

 

 

How to set up a TIOmarkets Demo Account – Step by Step

 

📍Setting up a demo account with TIOmarkets is an easy and straightforward process that consists of the following steps:

🔴Step 1 – Open Your Account

  • Navigate to the TIO Markets website and select the option ‘Register’ from the menu on the left-hand of the page.

 

How to set up a TIOmarkets Demo Account – Step by Step step 1

 

🔴Step 2 – Fill out the form

 

  • A pop-up application will load, and traders can provide their First and Last Name, a valid email address, and country of residence before selecting ‘Next’.
  • Traders must provide their mobile number, select, and confirm a user-selected password, accept the terms of trading, and click on ‘Register’.

 

How to set up a TIOmarkets Demo Account – Step by Step step 2

 

How to set up a TIOmarkets Demo Account – Step by Step step 2

 

🔴Step 3 –Receive  email

  • An email will be sent to the email address traders provided. Once traders have received it, the embedded link can be selected, and traders will be redirected to the TIOmarkets Client Portal.

 

How to set up a TIOmarkets Demo Account – Step by Step step 3

 

🔴Step 4 – Open Demo Account

  • Once logged in, traders can navigate to ‘Open Demo Account’ on the control panel.
  • A short form will load, requiring that traders select a platform, account type, account currency, and leverage level. For the demo, the only account type available is the Standard Account while traders can choose between MetaTrader 4 or MetaTrader 5.
  • Lastly, traders can select the box to accept the terms and conditions before selecting ‘Open Demo Account.

 

How to set up a TIOmarkets Demo Account – Step by Step step 4

 

🔴Step 5 – Credentials to Log

  • Traders will receive an email that contains their demo account credentials and a download link to the trading platform that they chose. From here, traders can download their platform and use the credentials to log in, and start using their demo account.

 

How to set up a TIOmarkets Demo Account – Step by Step STEP 5

 

 

A demo account is often referred to as a practice account due to it provides traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.

 

Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and developing their own trading strategies.

 

Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what the broker has to offer.

 

Min Deposit

USD 50

Regulators

FCA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

TIOmarkets Islamic Account

 

TIOmarkets Islamic Account

 

The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitative.

 

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

 

TIO Markets offers the option of an Islamic Account to Muslim traders who follow the Shariah Law. Traders will have to contact Customer Support for more information on this option along with information pertaining to which account it can be applied.

 

There is truly little information regarding the Islamic option, which is provided by TIO Markets and subsequently, information regarding whether additional costs are applied is not readily available.

 

Traders must ensure that they obtain all the necessary information before they consider registering an account with TIO Markets.

 

Min Deposit

USD 50

Regulators

FCA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

TIOmarkets Trading Platforms

 

TIOmarkets Trading Platforms

 

TIOmarkets offers traders a choice between using MetaTrader 4 and MetaTrader 5. Both these trading platforms can be used across desktops, web, and mobile devices (such as Android and iOS).

 

MetaTrader 4

 

Considered to be the world’s original online trading platform, MetaTrader 4 has multiple trading features along with built-in tools which allow trading at a fast, efficient pace.

Technical indicators used on this platform allow traders to access detailed chart analysis along with support for not only singular but multiple order types.

 

MetaTrader 5

 

This is a more advanced version of MetaTrader 4, and the trading platform also offers a significant amount more features than the MetaTrader 4 platform.

📍 Some of its features include:

➡️ Improvement in trading capabilities

➡️ Instant market access

➡️ A vast array of trading possibilities

➡️ Market analysis

➡️ Automation of strategies

➡️ Additional chart timeframes

➡️ More technical indicators than MetaTrader 4

➡️ Market pricing at a Level 2 depth

 

MT4 FIX API

 

This is a FIX protocol that is offered by TIOmarkets and is suited specifically for institutional traders who require more direct access to markets.

With this platform, speeds are increased and cater to trading strategies that are more complex and of which the proprietary is more customized.

To qualify for the use of the FIX API, a minimum deposit of $10,000 is required along with margin requirements of 1% for FX, Gold, Silver, and Oil.

 

TIOmarkets Fees and Spreads

 

TIOmarkets Fees and Spreads

 

TIO Markets’ spread list starts from 0.0 pips.

 

📍 TIO Markets offers traders a low and competitive spread list that starts from 0.0 pips and will depend on the financial instrument traded and the account that traders use. TIO Markets’ other fees are also charged according to the account type, and 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.

 

Min Deposit

USD 50

Regulators

FCA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

TIOmarkets Deposit and Withdrawal

 

TIOmarkets Deposit and Withdrawal

 

Deposits

📍 TIOmarkets offers several options regarding deposits which are:

➡️ When the required documentation in order to complete the registration process is not available, there is a required amount of $10,000 needed and the client has 21 days within which to complete and upload the required documentation

➡️ A deposit of $1000 is required when subscribing to a VIP Black Account

➡️ Once the account has been created, the client is required to deposit the minimum required amount into their trading wallet

➡️ Should a client stop their account subscription for any given reason within the first 30 days, they are allowed a 50% reimbursement on the deposit.

➡️ Should the client decide that they want to withdraw their money within the first 30 days, they will not receive any kind of reimbursement on the original deposit

 

TIOmarkets supports deposits from anywhere in the world, but they do not accept payments from third parties. When making a deposit into a trading account, it needs to be done under the same name as that of the trader’s TIOmarkets trading account.

 

📍 TIOmarkets offers the following payment options:

💳 Visa

💳 Mastercard

💳 Bankwire, and

💳 SafeCharge

 

Withdrawals

 

Although there is no specific section on TIOmarkets’ website that is directly dedicated to withdrawals, there is some information available under the Clients’ Agreement Contracts.

 

TIOmarkets is responsible for covering all payment fees and thus there are no charges on deposits or withdrawals.

 

But it is essential for traders to acknowledge that there are various conditions on their residence or payment provider and that additional fees need to be verified in case the provider has fees of their own.

 

Withdrawals are normally processed within a couple of hours, which provides traders with almost instantaneous access to their funds. It should however be noted that the withdrawal times can vary depending on the payment provider and the method of payment.

 

TIOmarkets  Best Countries by Traders

 

🌎 Country of Trade📌 % of Traders
🥇Morocco20.97%
🥈Vietnam15.07%
🥉Canada10.31%
🥈Iran5.12%
🥇 United States4.25%

 

TIOmarkets  Best Countries by Traders

 

TIOmarkets Current Popularity Trend

 

According to Google Trends, here is an overview of how frequently the search term – “TIOmarkets” is entered into Google’s search engine over a given period of time.

 

 

TIOmarkets vs Etoro vs XM – Comparison Table

 

🔎 Broker🥇 TIOmarkets🥈 eToro🥉 XM
💰 Minimum DepositStandard account $50 / R 850,33, VIP account $1000 / R 17 002, VIP Black $3000 / R 51 008$1000 USD$5 USD
📝 Sign-Up BonusNo☑️ Yes☑️ Yes
➕ Max. Leverage1:30 for major currencies, 1:20 for minor currencies, 1:10 for commodities, 5:1 for individual equities and other reference values1:4001:888
💵 Currency Pairs-4757
🚀 Open an Account👉 Click Here👉 Click Here👉 Click Here

 

TIOmarkets Customer Reviews

 

TIOmarkets has proven to be the best…

Tiomarkets has proven to be the best among the rest. The trade idea share is amazing and the customer relationships are far beyond excellence. Thank you TIOmarket for bringing financial breakthroughs to our doorsteps. Keep the good work going.

TIOmarkets Review South Africa

The most on-point trading ideas I’ve seen

I’ve topped into the trades that were given on the telegram group and they were all a success. I would definitely recommend, in fact, that I have invited some of my friends to join the telegram group.

TIOmarkets Review South Africa

Very good

Hello, TIOmarkets are the best broker that u can deal with in the trading market. Very professional, always helping and giving the best support to their customers. My favorite guy over there is Christian he is such a gentleman and a helper. He made me trust this company and the only company that I work with because of him specially.

TIOmarkets Review South Africa

 

Tiomarkets Customer Care

 

TIOmarkets Pros and Cons

 

✔️ Pros❌ Cons
1. More than 40 years of experience in providing trading solutions1. No contact telephone number is provided on the website
2. Low stock and ETF trading fees2. €3,000 minimum deposit
3. Pricing that is predictable3. Limited options to fund account
4. Crypto deposits are supported4. Does not offer the lowest spreads
5. VIP Black account5. US clients are not accepted
6. 0 fees on deposits along with withdrawals
7. Trading platforms such as MT4, MT5, and MT4 FIX API

 

Conclusion

 

Overall, TIOmarkets can be summarised as a credible and trustworthy broker and is considered an average risk with competitive trading fees and spreads. TIOmarkets has an overall trust score of 4.5 out of 5. TIOmarkets offers traders the MetaTrader suite of platforms as well as a basic web and mobile app.

 

You might also like: TIOmarkets Account Types Overview

You might also like: TIOmarkets Demo Account – Step by Step

You might also like: TIOmarkets Fees and Spreads

You might also like: TIOmarkets Islamic Account Overview

You might also like: TIOmarkets Minimum Deposit

You might also like: TIOmarkets Sign up Bonus

 

Disclaimer

 

Regardless of the information and tools provided by TIOmarkets, there is always a significant level of risk involved when trading in financial instruments and this may not be suitable for all investors.

Before traders undertake any transactions, they need to acknowledge and understand the risks involved and should they need to, they can seek alternative, independent, and professional advice.

By making use of TIOmarkets as a broker, the trader acknowledges and accepts that they run a great risk pertaining to incurring losses and damages which may result from dealing in financial instruments, and keeping this in mind, the trader is still willing to take the risk, According to research in South Africa.

 

Frequently Asked Questions

 

How many instruments can I trade with TIOMarkets?

You can trade 120+ instruments including CFDs on forex, Indices, Commodities, Stocks, and Crypto.

 

Which trading platforms are supported by TIOmarkets?

MT4 & MT5 trading platforms. MT4 trading platform.

 

Is TIOMarkets a scam or fake?

Our review reveals that TIOMarkets is not a scam or fake as it is regulated by one of the strictest authorities in the world, the (FCA) in the United Kingdom. 

 

What type of broker is TIOmarkets?

TIOmarkets is an STP broker

 

What is the overall rating for TIOmarkets out of 10?

8/10.

 

There are no reviews yet. Be the first one to write one.


4.1/5 - (16 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 13, 2023

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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