Trive Invest Review

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Trive Invest has emerged as a notable player in the forex and CFD trading landscape, particularly in Indonesia. With a mixed reputation among users, the broker offers a range of trading instruments and platforms, including the popular MetaTrader 5 (MT5). This review synthesizes various insights from multiple sources to provide a comprehensive overview of Trive Invest's offerings, strengths, and weaknesses.
Note: It is essential to recognize that Trive operates under different regulatory entities across various regions, which can affect the trading experience and regulatory protections available to clients. This review incorporates information from various credible sources to ensure fairness and accuracy.
Category | Score (out of 10) |
---|---|
Account Conditions | 6.5 |
Tools and Resources | 7.0 |
Customer Service and Support | 6.0 |
Trading Setup (Experience) | 6.8 |
Trustworthiness | 7.5 |
User Experience | 6.3 |
Additional Features | 5.5 |
We assess brokers based on a comprehensive review methodology, focusing on user experience, regulatory compliance, and available trading conditions.
Trive Invest, previously known as GKInvest, was established in 2005 and is headquartered in Jakarta, Indonesia. The broker is regulated by the Indonesian Commodity Futures Trading Supervisory Agency (BAPPEBTI) and has also acquired licenses from several other regulatory bodies, including the FCA (UK), ASIC (Australia), and MFSA (Malta). Trive Invest primarily offers trading through the MT5 platform, providing access to a diverse range of assets, including forex, commodities, indices, and CFDs on stocks.
Trive Invest operates under multiple regulatory frameworks, including:
Trive Invest supports deposits and withdrawals in various currencies, primarily USD and IDR. Payment methods include local bank transfers and international wire transfers, with no handling fees for deposits or withdrawals, although third-party fees may apply.
The minimum deposit to open an account with Trive Invest is set at $50, making it accessible for new traders looking to start without significant financial commitment.
Trive Invest offers various promotional incentives, including bonuses for first-time deposits and trading contests. However, the specifics of these promotions can vary, and traders should check the broker's website for current offers.
Trive Invest provides a range of trading instruments, including:
Trive Invest's spreads are competitive, with average spreads for major pairs like EUR/USD around 0.8 pips. The broker charges a commission of $1 per lot on most accounts, which is relatively low compared to industry standards. However, some users have reported higher spreads during volatile market conditions.
Leverage offered by Trive Invest varies by region. For Indonesian clients, leverage can go up to 1:400, while clients in regions with stricter regulations, such as the EU and Australia, face a maximum leverage of 1:30.
Trive Invest exclusively uses the MT5 trading platform, which is known for its advanced charting capabilities and automated trading options. However, the absence of alternative platforms like MT4 may limit options for some traders.
Trive Invest does not accept clients from certain jurisdictions, including the United States and the United Kingdom. This restriction is crucial for potential clients to consider, as it may impact their ability to open an account.
Trive Invest offers customer support primarily in English and Indonesian, with additional languages depending on the region. Support is available through various channels, including email, live chat, and phone, but some users have noted that response times can vary.
Category | Score (out of 10) |
---|---|
Account Conditions | 6.5 |
Tools and Resources | 7.0 |
Customer Service and Support | 6.0 |
Trading Setup (Experience) | 6.8 |
Trustworthiness | 7.5 |
User Experience | 6.3 |
Additional Features | 5.5 |
Trive Invest offers a variety of account types, including Classic Fixed, Professional, and Premium Zero accounts. Each account type has varying minimum deposit requirements and spreads. For instance, the Classic Fixed account requires a minimum deposit of $50, while the Premium Zero account demands a higher starting capital of $25,000. This tiered structure allows traders to choose an account that best fits their trading style and capital.
The broker provides access to comprehensive market analysis tools, including economic calendars and daily market news. However, the educational resources are somewhat limited, with few structured courses or webinars available for novice traders seeking in-depth learning.
Trive Invest's customer service operates 24/5, offering support through live chat, email, and phone. While many users report positive experiences, some have noted that response times can vary, particularly during peak hours.
The trading experience on MT5 is generally smooth, with quick order execution speeds. However, some traders have expressed concerns over the platform's usability, particularly regarding its charting features, which can be cumbersome for detailed technical analysis.
Trive Invest is considered a legitimate broker, regulated by BAPPEBTI and other global authorities. However, the primary entity lacks a top-tier license, which may concern traders prioritizing robust regulatory oversight. Despite this, the broker offers negative balance protection, ensuring that traders cannot lose more than their deposited funds.
Overall, user experiences with Trive Invest are mixed. While many appreciate the competitive spreads and low minimum deposit requirements, others have raised concerns about the limited educational resources and occasional delays in customer service.
Trive Invest has developed a proprietary app for social and copy trading, connecting traders with signal providers. However, the absence of VPS hosting may deter some automated traders looking for low-latency trading options.
In conclusion, Trive Invest presents a blend of competitive trading conditions and essential features suitable for both novice and experienced traders. However, potential clients should carefully consider the regulatory landscape and the broker's offerings to ensure alignment with their trading needs.