Trivepro
Pros and Cons
Pros
- Regulated by Financial Conduct Authority (FCA)
- Diverse range of trading instruments including Forex, commodities, and cryptocurrencies
- Trading platform: MT5 with advanced trading tools
- Multiple account types catering to different trader profiles
- Customer support available via email and telephone
Cons
- Currently unregulated, raising safety concerns
- High minimum deposit for Prime Plus account (€15,000)
- No comprehensive educational resources or tutorials
- Limited trading instruments in comparison to industry standards
- Potential withdrawal fees and inactivity charges
Basic Information
User Reviews
Trivepro Overview
Trivepro, officially known as Trive Financial Services UK Limited, is a forex broker established in the United Kingdom. With an operating period of 2-5 years, Trivepro is authorized and regulated by the Financial Conduct Authority (FCA), which helps ensure a level of trust and accountability in its operations. The broker focuses on providing services to clients with a commitment to transparency and reliability in the trading environment.
Is Trivepro Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Conduct Authority (FCA) | United Kingdom | N/A |
Is Trivepro Regulated and How Are Client Funds Protected?
Trivepro, officially known as Trive Financial Services UK Limited, was previously regulated by the Financial Conduct Authority (FCA) in the United Kingdom. However, it has applied to cancel its FCA authorization and is no longer conducting trading activities or offering investment products to the general public. As a result, Trivepro is currently unregulated, which raises significant concerns regarding client fund safety and investor protection. Without regulatory oversight, there are no formal fund protection measures in place, increasing the potential risks for clients. Therefore, it is essential for traders to exercise caution when considering engaging with Trivepro, as the absence of regulation can lead to heightened risks associated with trading activities.
Trading Products and Services
What trading instruments does Trivepro offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | |
| Commodities | Gold, Oil | |
| Indices | S&P 500, NASDAQ | |
| Stocks | US, UK | |
| Cryptocurrencies | BTC, ETH |
Trivepro offers a diverse range of trading instruments across multiple asset categories, catering to the needs of various traders. The inclusion of Forex, commodities, indices, stocks, and cryptocurrencies allows traders to implement different strategies, whether they are beginners or seasoned professionals. With access to a variety of products, traders can diversify their portfolios, manage risks effectively, and adapt to changing market conditions. This broad coverage enhances the trading experience and enables users to explore flexible trading strategies tailored to their investment goals.
Account Types and Trading Conditions
What Account Types and Fees Does Trivepro Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | Beginners | No minimum deposit, floating spreads starting from 0.7 pips | Suitable for small-capital practice |
| Prime Account | Experienced traders | Minimum deposit of €2,500, tighter spreads starting from 0.5 pips | Designed for those seeking competitive trading conditions |
| Prime Plus Account | High-volume traders | Minimum deposit of €15,000, spreads from 0.1 pips, commission of €5 per lot | Requires trading volume qualifications |
| Demo Account | New traders | Practice trading without financial risk | Ideal for testing strategies and familiarizing with the platform |
Account Opening Process
To open an account with Trivepro, you will need to follow these steps: 1. Submit personal information, including your full name, email address, and password. 2. Provide employment and financial information if required. 3. Complete identity verification by uploading identification documents and proof of address. 4. After initial setup, you may have the flexibility to upgrade to a professional account later if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 | Tight spreads for majors |
| CFDs (S&P 500) | 1.2 | $0 | Competitive pricing for indices |
| CFDs (Gold) | 1.0 | $0 | Attractive spreads for commodities |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
Additional fees applicable to Trivepro include: – Deposit/withdrawal fees: A fee of 1.5% may apply for credit/debit card transactions. – Inactivity fees: A monthly maintenance fee of €10 will be applied after 6 months of inactivity. – Currency conversion fees: A fee of 0.9% may apply for currency conversions. – Overnight interest (swap rates): Charges may apply based on your positions held overnight.
Trading Platforms and Apps
What Trading Platforms and Apps Does Trivepro Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT5 (MetaTrader 5) | Windows, macOS, iOS, Android | 2FA, multiple order types, price alerts, technical indicators | Demo accounts, algorithmic trading |
| Web Version | Any operating system via browser | Secure connection, market search, instant execution | Access to demo accounts |
| Mobile App | iOS, Android | Biometric login, push notifications, one-click trading | Demo accounts |
The MT5 platform offers advanced trading tools and is suitable for multi-asset trading, making it ideal for experienced traders. The web version provides flexibility, allowing users to trade from any device without software installation, while the mobile app ensures convenient access to trading on the go with secure logins and real-time alerts. Trivepro effectively supports mobile trading and provides essential tools for efficient market analysis and order execution.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Credit/Debit Card | Instant | 1.5% for transactions | Min €50, Max €10,000/day | EUR, GBP |
| Bank Transfer | 3-5 days | No platform fee | Min €100, Max €20,000/day | EUR, GBP |
| Cryptocurrency | Instant | 0.1% for conversions | Min €50, Max €5,000/day | BTC, ETH |
Minimum Deposit
Trivepro requires a minimum deposit of €50 for the Standard Account. This amount may vary based on the account type, with higher minimums applicable for the Prime and Prime Plus accounts. The minimum deposit is consistent across all payment methods.
How to Withdraw
- Log in to your Trivepro account.
- Navigate to the ‘Withdraw’ section.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw and confirm the details.
- Submit your withdrawal request.
- Monitor your account for the processing status of your withdrawal.
Customer Support
Trivepro Customer Support Overview
Support Channels
Trivepro offers several contact methods to assist customers with their inquiries. Clients can reach out via:
- Email: Customers can send their questions or concerns to info@trivepro.co.uk.
- Telephone: Support is available at +44 (0) 20 7186 1212, allowing for direct communication for urgent matters.
Service Availability
Trivepro’s customer service operates during standard business hours, providing support 24/5. However, specific details regarding multilingual support and the languages offered are not explicitly stated.
Frequently Asked Questions
Trivepro, officially known as Trive Financial Services UK Limited, was regulated by the Financial Conduct Authority (FCA) in the United Kingdom. However, it has applied to cancel its FCA authorization and is currently unregulated. This raises significant concerns regarding client fund safety and investor protection, as there are no formal fund protection measures in place.
Trivepro offers several types of trading accounts: a Standard Account for beginners with no minimum deposit, a Prime Account for experienced traders requiring a minimum deposit of €2,500, and a Prime Plus Account for high-volume traders requiring a minimum deposit of €15,000. There is also a Demo Account for new traders to practice without financial risk.
Trivepro provides a diverse range of trading instruments across multiple asset categories, including Forex (major pairs), commodities (like gold and oil), indices (such as the S&P 500 and NASDAQ), stocks (from the US and UK), and cryptocurrencies (BTC and ETH). This variety allows traders to implement different strategies and diversify their portfolios.
Trivepro offers customer support via email at info@trivepro.co.uk and by telephone at +44 (0) 20 7186 1212. Their customer service operates during standard business hours, providing support 24/5 for client inquiries.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.