Trive

What is Trive？

Trive is a Malta-based trading platform that has been operating for approximately 5-10 years. It is regulated by MFSA. Trive offers a wide range of market instruments for trading. With a leverage of up to 1:1000, traders have the opportunity to amplify their potential profits or losses. Trive supports popular trading platforms like MT4 and MT5. Customer support is available via email and phone.

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros of Trive:

- Regulation by MFSA: Trive is regulated by the Malta Financial Services Authority (MFSA), ensuring a certain level of transparency and oversight in its operations.

- Competitive spreads: Trive offers competitive spreads, such as a 1.2 pips (Std) spread on EUR/USD, allowing traders to maximize their profits.

- Range of trading instruments: Trive provides a diverse range of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies, giving traders the opportunity to participate in various markets.

- Support for MT4 and MT5: Trive supports popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), offering users a familiar and advanced trading environment with ample tools and features.

- Range of payment options: Trive offers a variety of secure deposit and withdrawal methods, providing convenience and flexibility for traders when managing their funds.

Cons of Trive:

- No 24/7 customer support: Trive's customer support is available only during weekdays, from 9 am to 7 pm. This limited availability will be inconvenient for traders who require assistance outside of these hours.

Is Trive Safe or Scam？

Trive operates under the regulation of the Malta Financial Services Authority (MFSA) through its Market Making (MM) License No. C 60473. This regulatory oversight by a reputable authority ensures that Trive maintains high standards and complies with necessary regulations. With several years of experience in the industry, Trive has established a positive reputation among its customer base, as evidenced by the numerous positive reviews it has received. These factors combined indicate that Trive is a reliable and trustworthy broker that traders can consider for their investment needs.

Market Instruments

Trive offers a range of trading instruments across several asset classes, making it a diverse trading platform that caters to the needs of many traders.

- Forex: Trive offers traders access to the world's largest and most liquid financial market, the forex market. This allows traders to speculate on the price movements of currency pairs, including major, minor, and exotic currency pairs.

- Stocks: The platform provides access to global equity markets, including those listed on major exchanges. This includes many of the world's most well-known companies, such as Apple, Amazon, and Microsoft.

- Indices: Trive offers traders access to global stock market indices, including the S&P 500, Dow Jones Industrial Average and NASDAQ, among others.

- Commodities: Trive also offers traders access to commodity markets, including precious metals such as gold, silver and platinum, as well as crude oil, natural gas, and agricultural products such as corn, wheat, and soybeans.

- Cryptocurrency: Trive provides traders with access to cryptocurrency markets, including Bitcoin, Ethereum, Litecoin, and Ripple, among others.

Account Types

Trive offers four different live account types designed to cater to the needs of different traders. These accounts include:

Standard Account:

The Standard Account is designed for new traders who are just starting in forex trading. It requires no minimum deposit and offers traders access to over 70 trading instruments.

Pro-Leverage Account:

The Pro-Leverage Account is designed for more experienced traders who are looking for a wider range of trading instruments. It requires no minimum deposit and offers traders access to over 140 trading instruments.

VIP Account:

The VIP Account is designed for advanced traders who are looking for superior trading conditions. It requires a minimum deposit of $5,000 and offers traders access to over 170 trading instruments, as well as lower spreads and commissions.

ECN Zero Account:

The ECN Zero Account is designed for high-volume traders who require competitive spreads and faster order execution. It requires no minimum deposit.

Leverage

Trive offers its clients significant leverage of up to 1:1000. Leverage allows traders to control larger positions in the market than their account balance would otherwise allow. A trader can open a much larger position in the market than the amount of money they have in their account. This can provide traders with the opportunity for greater returns, as small price movements can result in significant profits. However, leverage can also increase the size of potential losses and result in traders losing more than their initial investment.

In order to manage these risks, Trive recommends that traders use leverage responsibly and carefully. This involves understanding the risks involved and ensuring that they have sufficient experience and knowledge to effectively manage their trades. Traders should avoid over-leveraging and risking more than they can afford to lose. Additionally, traders should consider using risk management tools, such as stop-loss orders, to manage their trades and limit potential losses.

Spreads & Commissions

Trive offers a range of spread options for its clients. The Standard and Pro-leverage, have a spread of 1.2 pips, with no additional commission. Besides, the VIP account have a spread of 0.6 pips, with no commission.This means that traders using these accounts will pay a fixed spread for each trade they execute, regardless of the size of the trade.

Additionally, Trive offers an ECN Zero account, which features a spread of 0.0 pips. However, traders using this account will incur a commission fee of $10 per lot traded. The ECN Zero account is designed for traders who prioritize tight spreads and are willing to pay a commission for this benefit.

Trading Platforms

Trive provides its clients with the popular trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms offer a wide range of features and tools that cater to the needs of different types of traders, from beginners to experienced professionals.

MetaTrader 4 (MT4)

MT4 is a widely recognized and established platform in the forex and CFD trading industry. It is known for its user-friendly interface and powerful charting capabilities. Trive clients using MT4 can access real-time market quotes, execute trades, and manage their positions with ease. The platform supports various types of orders, including market, pending, and stop orders. Traders can also utilize automated trading strategies with the help of expert advisors (EAs), which can be developed or downloaded from the MetaTrader's extensive library.

MetaTrader 5 (MT5)

MT5 offers an enhanced trading experience, building upon MT4's foundation. Traders using MT5 can access a broader range of financial instruments, including stocks, futures, and options, in addition to forex and CFDs. The platform also offers more advanced charting tools and technical indicators, enabling traders to perform in-depth market analysis. MT5 introduces a revised MQL programming language, allowing for more efficient development and customization of indicators and trading robots.

Deposits & Withdrawals

Trive prioritizes client satisfaction by offering a variety of convenient and secure deposit and withdrawal methods that ensure seamless transactions. Clients can effortlessly fund their trading accounts via diverse payment options including credit cards (such as Visa and MasterCard), electronic payment systems (Neteller, Skrill, Sticpay), local bank transfers, and digital assets (Tether).

Importantly, there are no deposit fees associated with any of these funding options, enhancing overall client experience. Each funding option supports different currencies - credit cards accommodate all famous currencies, e-payments cater to USD and EUR, local bank transfers are available for INR, CNY, THB, VND, KRW, and TWD, while Tether supports ERC20 and TRC20.

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Monday through Friday, 9 am -7 pm

Telephone: +44 1460944002 (English)

+400 842 7771 (Chinese)

Email: support_int@trive.com

Address: Sea Meadow House, P.O. Box 116, Road Town Tortola, BVI

Conclusion

In conclusion, Trive is a regulated broker that operates under the supervision of the MFSA. The broker offers a range of products and services that cater to the needs of traders. Trive has been in operation for several years and has received positive reviews from many customers, indicating that it is a reliable and trustworthy broker.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.