24option is an online Forex and CFD broker that operates from Cyprus and Belize. It offers forex, commodities, stocks and indices for trading on its platforms. It is a regulated brand.
TrioMarkets is an online trading brokerage that offers traders a wide array of financial instruments to invest in across the global markets. The brokerage was established in 2014 by a team of financial professional with over 15 years of experience in the financial markets and online foreign currency exchange.
|#||Broker's Features||TRIO MARKETS Availability||24OPTION Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||❌||❌|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||❌|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||❌||❌|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare Trio Markets vs 24option.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Trio Markets offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, while 24option offers Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Trio Markets is STP, ECN, while 24option is Market Maker, STP.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Trio Markets is regulated by CySEC, MiFID, while 24option regulated by CySEC, IFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. Trio Markets offers EUR, USD different account currencies for each account types, while 24option offers USD, EUR, GBP account currencies.
Languages Available: Next lets have a look at each broker's different Language options. Trio Markets offers Arabic, English, French, German, Italian, while 24option offers English Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. Trio Markets offers Credit/Debit Cards, Moneybookers, Neteller, Skrill, Wire different payment methods for each account types, while 24option offers Credit/Debit Cards, Moneybookers, Neteller, QIWI, Skrill payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Trio Markets makes MT4, Web-trader available to clients, while 24option offers MT4.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, 24option is more reliable based on our criteria above. Only 24option offers demo account, allowing you to test their platform to see which is suitable for you. 24option offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. As a market maker, 24option may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.