Trive
Pros and Cons
Pros
- Regulated by ASIC, MFSA, and multiple other authorities
- Trading instruments: Forex, stocks, commodities, indices, and cryptocurrencies
- Platforms: MetaTrader 4 and MetaTrader 5 supported
- Leverage up to 1:2000 and competitive spreads
- No minimum deposit required for various account types
Cons
- Not regulated by major authorities like FCA or ASIC
- Limited customer support hours (only 24/5)
- Negative user reviews regarding withdrawal issues
- Outdated user interface on trading platform
- High commission on ECN accounts ($10 per lot)
Basic Information
User Reviews
Trive Overview
Trive is a forex broker founded approximately 10-15 years ago and is headquartered in the British Virgin Islands. The firm is regulated by several reputable financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Malta Financial Services Authority (MFSA). With a commitment to maintaining high regulatory standards, Trive aims to ensure the safety and security of its clients’ funds while providing transparent trading conditions across its platforms.
Trive offers a diverse range of trading instruments, including forex, commodities, indices, and cryptocurrencies, catering to various trading preferences. The broker provides access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), known for their robust features and user-friendly interfaces. Customer support is available from Monday to Friday, offering assistance in multiple languages via email and phone. Notably, Trive distinguishes itself with competitive spreads, high leverage options of up to 1:2000, and a variety of account types designed to meet the needs of both novice and experienced traders.
Is Trive Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Industry Regulatory Authority (FINRA) | United States | Investor protection mechanisms in place |
| Australian Securities and Investments Commission (ASIC) | Australia | Client funds held in segregated accounts |
| Malta Financial Services Authority (MFSA) | Malta | Investor compensation scheme |
| Capital Markets Board (CMB) | Turkey | Investor protection regulations |
| Financial Sector Conduct Authority (FSCA) | South Africa | Client fund segregation and protection measures |
| Financial Services Commission (FSC) | British Virgin Islands | Basic investor protections |
Is Trive Regulated and How Are Client Funds Protected?
Trive is a well-regulated broker, holding licenses from several reputable regulatory authorities including FINRA in the United States, ASIC in Australia, and the MFSA in Malta. This regulatory status enhances its legitimacy and ensures that the broker adheres to strict compliance standards aimed at protecting clients. Client funds are safeguarded through various measures, such as segregation of accounts and participation in investor compensation schemes, which help mitigate risks associated with trading. Additionally, Trive provides a transparent trading environment with competitive spreads and a wide range of trading instruments, reinforcing its commitment to providing a safe trading experience. Overall, Trive is a regulated and legit option for traders looking to invest in Forex and other financial markets.
Trading Products and Services
What trading instruments does Trive offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, USD/CHF | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Microsoft, Tesla | Varies |
| Cryptocurrencies | Bitcoin, Ethereum, Litecoin | Many |
Trive offers an extensive range of trading instruments, providing traders with ample choices across multiple asset categories. With products available in Forex, commodities, indices, stocks, and cryptocurrencies, Trive caters to the diverse needs of various traders, from beginners to seasoned professionals. This variety not only supports different trading styles but also enhances portfolio diversification, allowing traders to adapt their strategies to ever-changing market conditions. By providing access to multiple asset classes, Trive ensures that users can implement flexible trading strategies that align with their investment goals, making it an attractive platform for anyone looking to explore the vast opportunities within the global markets.
Account Types and Trading Conditions
What Account Types and Fees Does Trive Offer?
| Account Type | Target User Group | Key Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | Beginners and casual traders | No minimum deposit, user-friendly interface | Ideal for those starting in forex trading |
| Pro-Leverage Account | Experienced traders | Access to a wider range of instruments, high leverage | Suitable for traders with more experience |
| VIP Account | Advanced traders | Lower spreads, no commissions, requires a $2,000 minimum deposit | Best for those seeking superior trading conditions |
| ECN Zero Account | High-volume traders | Tight spreads from 0.0 pips, $10 commission per lot | Designed for traders prioritizing low costs |
Account Opening Process
To open an account with Trive, users must follow a straightforward process, which includes the submission of personal, employment, and financial information. This process also requires identity verification, including providing a valid ID and proof of address. Clients can enjoy account flexibility, as it is possible to upgrade to a professional account later if they meet the necessary requirements.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 1.2 | $0 (ECN: $10/lot) | Standard account has no commission |
| CFDs (Stocks) | 1.5 | $0 | Competitive spreads for equities |
| CFDs (Indices) | 1.0 | $0 | Includes major global indices |
| Commodities (Gold) | 3.0 | $0 | Popular among commodity traders |
| Cryptos (BTC/USD) | 1.0% | $0.1 | Variable depending on market conditions |
Other Fees
Trive has a transparent fee structure that includes various costs such as deposit and withdrawal fees, which are generally free for most methods. There may be inactivity fees applied to dormant accounts. Additionally, traders should be aware of platform usage fees if applicable, overnight interest (swap rates) on positions held overnight, and currency conversion fees when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Trive Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | 2FA, market search, multiple order types, price alerts, technical indicators | Demo accounts, VPS, API access |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | 2FA, market search, advanced order types, push notifications, technical indicators | Demo accounts, VPS, API access |
| Web Version | Any device with a web browser | Encrypted login, symbol lookup, one-click trading, real-time alerts | Demo accounts |
| Mobile App | iOS, Android | Biometric login, market search, push notifications, quick order execution | Demo accounts |
Trive offers a variety of trading platforms tailored to different trader needs. MT4 is ideal for beginners due to its user-friendly interface and automated trading capabilities, while MT5 provides advanced features suitable for experienced traders who require comprehensive analysis tools. The web version allows seamless trading from any device, and the mobile app ensures that traders can manage their accounts and receive alerts on the go. All platforms emphasize security with encrypted logins and support for two-factor authentication, ensuring a safe trading environment.
Overall, Trive supports mobile trading effectively, offering secure login options, fast order execution, and real-time alerts across its platforms. Traders can utilize efficient search tools and various account types to suit their trading strategies.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-5 days | No platform fees, but banks may charge a fee (USD 15-30 for international wires) | Min Deposit: 100 USD, Max Withdrawal: 50,000 USD/day | USD, EUR, GBP, JPY, AUD |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-3 days (after verification) | No platform fees, but cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| E-wallets (PayPal, Skrill, Neteller) | Deposit: Instant, Withdrawal: Same day | No platform fees, but e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| Local Payment Methods (GrabPay, FasaPay, POLi, etc.) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. For first-time large withdrawals (typically over 2,000 USD), users must provide identity documents (passport) and proof of address (utility bill), with additional scrutiny for suspicious transactions.
Regional payment preferences may vary; for instance, Southeast Asian users often prefer GrabPay or local bank transfers, while European clients typically use SEPA transfers. Some payment methods, like Skrill, are not available for US users, and certain Middle Eastern countries may restrict PayPal. Local advantages include zero-fee transfers from partner banks in Japan.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Use e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Opt for bank transfers or SEPA for lower total costs despite slower processing times.
- Avoid Hidden Costs: Match the deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Choose brokers with multiple base currency options to minimize cross-currency fees.
How to Withdraw
To withdraw funds from your account, follow these steps:
- Log in to your account.
- Navigate to the withdrawal section.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw.
- Submit your request and await processing (which may require identity verification for larger amounts).
Customer Support
Trive Customer Support Overview
Support Channels
Trive offers multiple channels for customer support to assist traders effectively. Clients can reach out via:
- Email: You can email Trive’s support team at support_int@trive.com for any inquiries or assistance.
- Live Chat: For immediate help, Trive provides a live chat option on their website, connecting you directly with a support representative.
- Telephone: Clients can call Trive at +44 1460944002 for direct communication.
- Social Media: Trive is active on social media platforms, offering another avenue for support and updates.
Service Availability
Trive’s customer support operates from Monday to Friday, 9 AM to 7 PM, providing assistance during business hours. The support team is well-equipped to handle inquiries in multiple languages, including English and Turkish, ensuring effective communication for a diverse client base.
Additional Resources
Trive enhances its customer service experience through educational resources such as video tutorials, webinars, and market analysis. Traders can benefit from trading signals and insights to make informed decisions, further solidifying the broker’s commitment to supporting their clients.
Frequently Asked Questions
Yes, Trive is regulated by multiple reputable agencies, including FINRA, ASIC, MFSA, MNB, CMB, BAPPEBTI, FSCA, and the Financial Services Commission of the British Virgin Islands. This multi-regulatory framework ensures that Trive adheres to stringent compliance standards, providing a secure trading environment for clients.
Trive offers several account types tailored to different trading needs: Standard Account, VIP Account, ECN Zero Account, and Pro-Leverage Account. The Standard and ECN Zero accounts have no minimum deposit requirement, while the VIP Account requires a minimum deposit of $2,000. Trading conditions vary, with spreads starting from 0.0 pips on the ECN Zero account and leverage up to 1:2000 across all accounts.
Trive prioritizes the security of client funds by holding them in segregated accounts at reputable banks, ensuring that client money is kept separate from the company’s operational funds. Additionally, Trive complies with regulatory requirements that mandate strict capital adequacy standards, further safeguarding client investments.
Trive provides comprehensive customer support through various channels, including email and phone. Support is available Monday through Friday from 9 AM to 7 PM. Clients can reach out to the support team for assistance with account inquiries, trading issues, and technical support.
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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.