Trive Invest
Pros and Cons
Pros
- Regulated by BAPPEBTI in Indonesia
- Trading platform: MetaTrader 5
- Leverage up to 1:400
- Wide range of trading instruments including Forex and CFDs
- Negative balance protection for clients
Cons
- No support for MetaTrader 4
- All accounts denominated in USD
- Charges commissions on all trades
- Limited payment options for deposits and withdrawals
- Not tier-1 regulated
Basic Information
User Reviews
Trive Invest Overview
Trive Invest, established in 2005 and headquartered in Jakarta, Indonesia, operates under the regulation of BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi), ensuring compliance with national financial standards. The broker is recognized for its commitment to safeguarding client interests and has built a reputation for reliability in the Indonesian market, offering traders a secure environment to engage in forex and CFD trading activities. With over 19 years in the industry, Trive Invest has garnered experience and expertise that contribute to its authoritativeness and trustworthiness in the brokerage space.
Trive Invest provides a diverse range of trading instruments, including forex pairs, commodities, and stock CFDs, all accessible via the advanced MetaTrader 5 platform. The broker stands out with features such as floating and fixed spreads, negative balance protection, and a maximum leverage of up to 1:400. Client support is available 24/5, ensuring timely assistance in multiple languages. Unique advantages of Trive Invest include competitive spreads and comprehensive market analysis tools, making it an appealing choice for both novice and experienced traders seeking an efficient trading experience.
Is Trive Invest Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Industry Regulatory Authority (FINRA) | United States | Segregated Funds, Investor Protection |
| Australian Securities and Investments Commission (ASIC) | Australia | Segregated Accounts, Client Compensation Fund |
| Malta Financial Services Authority (MFSA) | Malta | Investor Compensation Scheme |
| Financial Services Commission (FSC) | British Virgin Islands | Segregated Funds |
| Commodity Futures Trading Regulatory Agency (BAPPEBTI) | Indonesia | Segregated Accounts |
| Capital Markets Board (CMB) | Turkey | Investor Protection |
| Financial Sector Conduct Authority (FSCA) | South Africa | Client Compensation Fund |
Is Trive Invest Regulated and How Are Client Funds Protected?
Trive Invest operates under the regulatory supervision of multiple recognized authorities across various jurisdictions, including FINRA in the United States, ASIC in Australia, and MFSA in Malta. This multi-regulatory oversight enhances the credibility of Trive Invest, ensuring adherence to stringent industry standards. Client funds are safeguarded through measures such as segregated accounts and participation in investor compensation schemes, which provide an additional layer of protection. For instance, ASIC requires brokers to keep client funds in separate accounts to ensure that they are protected in the event of the broker’s financial difficulties. Moreover, the presence of multiple regulators signifies Trive Invest’s commitment to compliance and client security, making it a safe choice for traders seeking a legitimate and regulated forex trading environment.
Trading Products and Services
What trading instruments does Trive Invest offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/USD, and many more | 40+ |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, DAX, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP, Vodafone | 100+ |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
Trive Invest provides a diverse range of trading instruments covering various asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This broad selection caters to the needs of different traders—from beginners looking to explore basic Forex trading to seasoned investors seeking to diversify their portfolios with commodities or stocks. By offering multiple asset classes, Trive Invest enables traders to implement flexible strategies, adapt to market conditions, and manage risk effectively, making it a valuable platform for anyone looking to engage in the financial markets.
Account Types and Trading Conditions
What Account Types and Fees Does Trive Invest Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Classic Account | Beginners and casual traders | Fixed spreads starting from 1.2 pips, no commission | Minimum deposit of $50, suitable for low-capital trading |
| Classic Gold Account | Intermediate traders | Fixed spreads from 1.0 pips, no commission | Minimum deposit of $2,500, designed for more serious trading |
| Premium Account | Experienced traders | Floating spreads starting from 0.5 pips, $1 commission per lot | Minimum deposit of $5,000, ideal for high-volume trading |
| Swap-Free Account | Islamic traders | No swap fees, competitive spreads | Available for traders who require a compliant trading environment |
| Demo Account | All traders | Practice trading with virtual funds | No deposit required, ideal for strategy testing |
Account Opening Process
To open an account with Trive Invest, follow these steps:
1. Visit the Trive Invest website and click on the ‘Open Live Account’ button.
2. Fill in your personal information, including your full name, email address, and mobile number.
3. Accept the terms and conditions to proceed.
4. Verify your phone number by entering the code sent via SMS.
5. Set a secure password for your account.
6. Complete your identity verification by submitting ID and proof of address documents.
The process is designed to be straightforward, and you can upgrade to a professional account later if you meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.5 – 1.2 | $0 (Classic, Gold); $1 (Premium) | Competitive spreads for various account types |
| CFDs (Gold) | 0.3 | $1 | Standard commission on CFDs |
| CFDs (Oil) | 0.4 | $1 | Standard commission applies |
| Cryptocurrencies (BTC/USD) | 1.5% | $1 | Variable fees based on market conditions |
Other Fees
In addition to trading fees, Trive Invest has the following costs:
– Deposit/Withdrawal Fees: No fees for deposits and withdrawals, but bank transfer fees may apply.
– Inactivity Fees: A monthly fee of $10 applies after 6 months of inactivity.
– Platform Usage Fees: No additional fees for using the trading platform.
– Overnight Interest (Swap Rates): Applicable for non-swap accounts based on market conditions.
– Currency Conversion Fees: 0.9% may apply on non-USD transactions.
Trading Platforms and Apps
What Trading Platforms and Apps Does Trive Invest Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | 2FA, encryption, one-click trading, multiple order types, price alerts, technical indicators | Demo accounts, VPS, API access |
| Web Version | Any browser (Windows, macOS, Linux) | Secure connection, symbol lookup, customizable interface, instant execution | Demo accounts |
| Mobile App | iOS, Android | Biometric login, push notifications, real-time market access, intuitive UX | Demo accounts |
The MetaTrader 5 platform is ideal for traders seeking advanced tools, offering a range of order types and robust analytical features. The web version provides flexibility for trading across devices without the need for installation, while the mobile app ensures traders can manage their accounts and receive alerts on-the-go. Trive Invest emphasizes secure logins and fast order execution across its platforms, enhancing the trading experience with real-time alerts and efficient market search tools.
Overall, Trive Invest supports a comprehensive trading environment with dedicated platforms that cater to various trading preferences, ensuring a secure and user-friendly experience for all traders.
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 | Usually free, but banks may charge a fee (USD 15-30 for international wires) | Min Deposit: 0 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: 0 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| E-wallets (Neteller, Skrill) | 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, 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 |
To comply with anti-money laundering (AML) and know-your-customer (KYC) regulations, withdrawals must return to the original payment method. This ensures traceable fund flows. First-time large withdrawals (typically over 2,000 USD) require identity documents (passport) and proof of address (utility bill), with additional scrutiny for suspicious transactions.
Payment methods may vary by region. For example, Southeast Asian users may prefer GrabPay or local bank transfers, while European clients often utilize SEPA for bank transfers. It’s important to note that US users cannot use Skrill, and some Middle Eastern countries restrict PayPal. Partner banks in Japan may offer zero-fee transfers, providing local advantages.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers or SEPA for a lower total cost 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: Select brokers with several base currency options to minimize cross-currency fees.
How to Withdraw
To withdraw funds, follow these steps:
- Log in to your account on the Trive Invest website or mobile app.
- Navigate to the “Withdrawal” section in the main menu or account settings.
- Select the payment method used for your initial deposit.
- Enter the withdrawal amount and confirm your identity if required.
- Submit your withdrawal request and wait for processing.
- Check your account balance after the processing time for the funds to reflect.
Customer Support
Trive Invest Customer Support Overview
Support Channels
Trive Invest offers multiple support channels to assist customers effectively. These include:
- Email: Customers can reach out to Trive Invest via email at support@triveinvest.co.id.
- Live Chat: A live chat option is available on the Trive Invest website for instant assistance.
- Telephone: Customers can contact Trive Invest’s support team at +62 881 592 1000, available during trading hours.
- Social Media: Trive Invest maintains an active presence on social media platforms, allowing customers to connect and receive updates.
Service Availability
Trive Invest provides customer support 24 hours a day, five days a week. Additionally, multilingual support is available in various languages, ensuring a broad reach to assist clients from different backgrounds.
Additional Resources
Trive Invest also offers a range of educational resources to enhance customer experience, including:
- Video tutorials on trading strategies
- Webinars featuring market analysis and trading tips
- Market analysis reports and trading signals
- An economic calendar for tracking significant market events
These resources are designed to help customers make informed trading decisions and improve their overall trading experience.
Frequently Asked Questions
Yes, Trive Invest is regulated by BAPPEBTI, the Indonesian Commodity Futures Trading Regulatory Agency. This ensures that we adhere to national financial standards, protecting our clients and maintaining a transparent trading environment.
Trive Invest offers competitive trading conditions with fixed spreads ranging from 0.6 to 1.8 pips on Classic accounts, and a commission structure starting from $1 per lot. We also provide floating spreads on Premium accounts, allowing flexibility for various trading strategies.
Trive Invest prioritizes fund security by adhering to regulatory compliance, offering negative balance protection, and utilizing segregated client accounts to ensure that your funds are kept separate from operational funds, thus enhancing safety.
Trive Invest utilizes the MetaTrader 5 (MT5) platform, which offers a user-friendly interface, advanced charting tools, and automated trading capabilities. The platform is accessible on desktop, web, and mobile, ensuring a seamless trading experience across devices.
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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.