Trive Forex Broker
Basic Information
The Virgin Islands
10-15 years Regulated in Australia Regulated in Malta Regulated in South Africa Regulated in The Virgin Islands Market Maker (MM) Retail Forex License MT4 Full License MT5 Full License High potential risk Offshore RegulatedCompany Summary
Rating Index
Neteller
Skrill
Trive Forex Broker - Complete Information Guide
1. Broker Overview
Trive, officially known as Trive Financial Services Malta Limited, was established in 2022. The broker is headquartered in Malta, with additional offices in South Africa and other regions. Trive operates as a private company, focusing on providing trading services to a diverse clientele, including retail and institutional traders.
Trive has made significant strides since its inception, quickly establishing itself in the competitive forex and CFD trading market. The company has achieved various milestones, including obtaining multiple regulatory licenses and expanding its service offerings to include a wide range of financial instruments. Trive is part of a larger financial group that emphasizes compliance with international regulatory standards, ensuring a secure trading environment for its clients.
The broker primarily operates in the retail forex and CFD markets, offering services that cater to both novice and experienced traders. Trive's business model is centered around retail forex trading, providing clients with access to a variety of trading instruments, including currency pairs, commodities, indices, and stocks. The firm employs a market-making model, facilitating trades and providing liquidity to its clients.
2. Regulation and Compliance Information
Trive is regulated by several prominent financial authorities, ensuring a high level of compliance and security for its clients. The main regulatory bodies overseeing Trive include:
- Malta Financial Services Authority (MFSA) - License Number: CRES IF 5048
- Financial Industry Regulatory Authority (FINRA) - License Number: CRD 21946
- Australian Securities and Investments Commission (ASIC) - License Number: 424122
- Financial Sector Conduct Authority (FSCA) - Registration Number: 27231
- Badan Pengawas Perdagangan Berjangka Komoditi (Bappebti) - License Number: 01/Bappebti/SP-PN/08/2023
These regulatory licenses provide a framework for Trive's operations, ensuring that the broker adheres to strict financial standards, including client fund segregation and negative balance protection. Trives clients benefit from investor protection schemes, which safeguard their investments in case of broker insolvency.
The broker follows stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, ensuring the integrity of its operations and the safety of client funds. This commitment to regulatory compliance enhances the trustworthiness of Trive as a reliable trading partner.
3. Trading Products and Services
Trive offers a diverse range of trading products, catering to various trading strategies and preferences. The broker provides access to over 30 forex currency pairs, including major, minor, and exotic pairs. In addition to forex, Trive also offers:
- Contracts for Difference (CFDs) on indices, commodities, stocks, and cryptocurrencies.
- A selection of ETFs (Exchange-Traded Funds), allowing clients to invest in a basket of assets.
- Various commodities such as gold, silver, and oil, which are popular among traders looking to hedge against market volatility.
Trive is continually updating its product offerings based on market demand and client feedback, ensuring that traders have access to the latest instruments. The broker focuses primarily on retail trading services, providing a user-friendly platform that allows traders to execute their strategies effectively.
While Trive does not currently offer institutional services or white-label solutions, it remains committed to enhancing its retail trading capabilities, making it a suitable choice for individual traders seeking a comprehensive trading experience.
4. Trading Platforms and Technology
Trive supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, known for their robust features and user-friendly interfaces. These platforms provide traders with advanced charting tools, technical analysis capabilities, and automated trading options through Expert Advisors (EAs).
In addition to MT4 and MT5, Trive has developed its proprietary trading platform, which is designed to enhance the trading experience with features tailored to both novice and experienced traders. The proprietary platform offers seamless navigation and real-time market data, making it easy for traders to manage their accounts and execute trades.
Trive also provides a mobile trading application, available for both iOS and Android devices, allowing traders to access their accounts and trade on the go. This flexibility is crucial for traders who need to monitor their positions and react to market changes quickly.
The broker operates on a market-making execution model, ensuring efficient trade execution and liquidity provision. Trive's trading infrastructure is built on advanced technology, including virtual servers, to support fast order execution and minimize slippage.
5. Account Types and Trading Conditions
Trive offers several account types to accommodate different trading styles and preferences:
- Classic Account: No minimum deposit requirement, floating spreads starting from 0.7 pips, and no commissions.
- Prime Account: Minimum deposit of €2,500, floating spreads starting from 0.5 pips, and no commissions.
- Prime Plus Account: Minimum deposit of €15,000, floating spreads starting from 0.1 pips, with a commission of €5 per lot.
All accounts offer leverage of up to 1:30, allowing traders to amplify their positions. The broker provides a demo account for beginners to practice trading strategies without financial risk. Trive also allows a minimum trade size of 0.01 lots, enabling traders to manage their risks effectively.
The broker's overnight fees are competitive, aligning with industry standards, and there are no inactivity fees, which is beneficial for traders who may not trade regularly.
6. Fund Management
Trive supports various deposit and withdrawal methods, ensuring convenient fund management for its clients. The available deposit methods include:
- Bank Transfers
- Credit/Debit Cards (Visa, Mastercard)
- E-Wallets (Neteller, Skrill)
The minimum deposit requirement varies by account type, with the Classic Account having no minimum deposit, while the Prime and Prime Plus Accounts require €2,500 and €15,000, respectively.
Deposits are processed promptly, with bank transfers typically taking 1-3 business days. Trive does not charge fees for bank transfers, but a 1.5% fee applies to withdrawals made via credit cards or e-wallets. Withdrawals are processed efficiently, usually within 1-3 days, ensuring that traders can access their funds when needed.
7. Customer Support and Educational Resources
Trive offers robust customer support through multiple channels, including:
- Phone Support
- Live Chat
The support team is available 24/5, providing assistance in various languages, including English, Spanish, and German. The broker also maintains an extensive FAQ section on its website, helping clients find quick answers to common inquiries.
Educational resources provided by Trive include basic trading guides and market analysis reports. However, the broker lacks comprehensive educational materials such as webinars or structured courses, which may be a drawback for novice traders seeking in-depth knowledge.
Trive also offers market analysis services, providing clients with insights into trading opportunities and market trends. This information is crucial for traders looking to make informed decisions based on current market conditions.
8. Regional Coverage and Restrictions
Trive primarily serves clients in Europe, Africa, and parts of Asia, with a strong presence in countries like Malta and South Africa. The broker maintains regional offices to cater to its diverse clientele effectively.
However, Trive does not accept clients from certain regions, including the United States, United Kingdom, and countries where trading activities are restricted by local authorities. This limitation may impact potential clients seeking to engage with the broker from these regions.
In summary, Trive stands out as a competitive broker in the forex and CFD market, offering a range of trading instruments, robust platforms, and responsive customer support. While the broker has some limitations, such as the lack of zero-spread accounts and comprehensive educational resources, it remains a solid choice for traders looking for a reliable trading partner.
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Latest Reviews
FX1919911516陈博
Hong Kong
My name is Yao Qingyun, MT4 account number: 12043029. On December 5, 2024, the platform deducted $2681.75 from my account without any reason. I did not request a withdrawal, but the funds were directly taken by the backend, and I have not received them to this day. Realizing something was amiss, I applied for a withdrawal of the remaining funds on December 6, which was not processed. I contacted online customer service daily, and they kept saying it was being processed, but the funds never arrived until December 17 when I told customer service that I intended to file a complaint. Only then were the funds credited to my account. This platform is unreliable. I hope all fellow traders take caution and avoid falling into this trap.
Exposure
2024-12-23
FX2230392857
Hong Kong
My name is Wu Siyu. In October 2024, I opened an account and started trading on the TRIVE platform, introduced by a salesperson, with the account number: 12042547. Initially, due to incorrect market predictions, my account suffered losses, and I continued depositing funds to prevent the account from being liquidated. Midway through trading, there were both losses and gains, and all transactions including deposits and withdrawals were normal (at this time, the account was at a loss overall, with deposits exceeding withdrawals). Later, as market conditions turned favorable, my account shifted from a loss to a profit. At this point when I applied for profit withdrawal, the platform unreasonably froze my account and did not process the withdrawal. Subsequent negotiations were fruitless, and the platform directly deducted $18,698.72 from my account. I am determined to expose TRIVE's unreasonable actions and warn all users to stay away from this scam platform that only allows losses but not profits. Let's drive these types of platforms out of the market. I hope regulatory bodies and media will urge this platform to return my $18,698.72. Thank you! Let's resolutely resist scam platforms and start by informing our friends.
Exposure
2024-12-23
FX2155944359
Hong Kong
My trading account 12039937 was allowed a swap-free status through an application approved by your company, and the trading method was also agreed upon by you. All transactions were conducted with your company's agreement and approval. I engaged in trading on the Tive platform only after Tive sales representatives came to China and assured me that my funds would be 100% safe and that I could open a swap-free account. Later, when I attempted to withdraw funds, the platform's risk control department retrospectively charged me an overnight fee of $30,089.90 after the fact, which is completely unreasonable and constitutes fraudulent behavior. This also shows that the Tive platform does not support swap-free accounts. My request is simple: return the deducted funds totaling $30,089.90 to me.
Exposure
2024-12-23