Trive Broker Review 2024

Trive is a multi-asset, multi-jurisdictional broker regulated by several authorities, including the respected ASIC in Australia and MFSA in Malta.

This financial company attempts to attract traders by offering benefits such as a zero minimum deposit and narrow spreads, but is it reliable in practice? In this comprehensive Trive review, we will explore everything about this company in detail.

Company Details and Licenses

Trive is a financial broker founded in 2016, headquartered in Floor 5, The Penthouse, Lifestar, Testaferrata Street, Ta’ Xbiex XBX1403, Malta. Here's the lowdown on Trive's regulatory landscape:

• Financial Industry Regulatory Authority (FINRA) in the US;
• Australian Securities and Investments Commission (ASIC);
• Malta Financial Services Authority (MFSA);
• MNB authority in Hungary;
• Capital Markets Board (CMB) of Turkey;
• Commodity Futures Trading Regulatory Agency (BAPPEBTI) in Indonesia;
• Financial Sector Conduct Authority (FSCA) in South Africa;
• Financial Services Commission (FSC) in Mauritius.

This multi-jurisdictional approach not only underscores Trive's commitment to regulatory compliance but also offers traders a sense of security, knowing they're dealing with a broker that takes its responsibilities seriously.

Key Details and Specifics

Let's cut to the chase and break down what Trive brings to the table:

Account Types & Comparison

Trive doesn't believe in a one-size-fits-all approach. Instead, they offer a trio of account types to match your trading style and skill level. Let's explore and compare their specifics:

The only real difference between these accounts are the spreads and commissions, which will be discussed later in this review.

Account Creation and Verification

Ready to jump on board? Here's a quick but helpful guide on how to get started with Trive:

• Navigate to trive.com;

• Click the "Register" button at the top of the page or in the bottom-left;
• Provide your name, email, phone number, and create a password.

Now, you have an account on Trive broker. Answer the follow-up questions and submit documents related to your identity to complete your profile and verify your account.

Trive Forex Broker Trading Platforms

The discussed broker offers a trifecta of trading platforms for various operating systems and devices, each covering traders' essential needs. These platforms include two of the most popular software in the industry, MetaTrader 4 & 5, in addition to a proprietary application. Key Features of Trive Trader:

• Convenient trading with easy-to-use interface;
• Providing an overview of all your actions at a glance;
• Customization at a high level;
• Market data and updates in real-time.

Whether you're a MT4 loyalist, an MT5 convert, or looking for something unique with Trive Trader, you've got options aplenty. Here are the download links in the table below:

Spreads in Trading And Other Commissions

Trive holds a competitive place when it comes to trading spreads. Let's review the costs of trading with the broker in its account types:

Although the spreads and commissions in trading are decent, Trive charges a fee for deposits and withdrawals, which is a drawback for this company. Also, no raw spread account is provided by the broker.

Funding Options and Payment Methods in Trive

The brokerage covers some of the most common and popular options for depositing to and withdrawing from your account. Here's a brief look at these methods:

• Bank Transfers: Online bank payments
• Credit/Debit Cards: Visa and Mastercard
• Alternative Payments: E-wallets such as Skrill and Neteller

However, as stated on the company's website, you can withdraw funds from your account only using the online banking option.

Copy Trading Options and Investment Programs

Unfortunately, Trive doesn't currently offer copy trading, social trading, or other features purposed for earning passive income. This might be a drawback for traders looking to mirror successful strategies and those who are interested in investment options of any kind in general.

However, this can always change. Check the website and other official sources in order to be informed of any updates in this regard.

Bonuses And Promotions Offered by the Broker

We investigate the website and relevant sources to find out if there are any promotional programs. As of this review, Trive doesn't offer any bonuses or promotions. This is most probably because of their regulation status since some authorities do not allow bonuses on financial companies.

Always check their website for the most up-to-date information on any special offers.

Support Contact Channels and Opening Hours

We recommend you against underestimating the support services in a financial company, because it could become so critical in special occasions. Support Channels in Trive:

• Ticket: In the "Help Center" section of the website;
• Email: hello@trive.com;
• Phone: +356 203 41530;
• Live Chat: Available through their website.

The broker claims on its website that the support team is available 24/5. Therefore, there's no customer services on weekends.

Trust Ratings and Review Scores

User reviews are found on websites such as "Trustpilot" as instruments of evaluating a company's services. At the time of writing this article, Trive has garnered generally positive feedback from the trading community on the mentioned website. Let's get into details of these ratings:

• Rating is 4.7/5 based on +80 reviews;
• More than 90% of reviews are 5-star ratings;
• The company has claimed the profile on the website.

Note that these scores might change in the future, as users can always freely submit their reviews on the platform.

Conclusion And Final Words

Trive could be considered a reliable broker with solid services, being regulated by some reputable authorities, including but not limited to MFSA, FSCA, and ASIC. Also, it provides a whopping number of +10,000 tradable instruments.

However, some drawbacks might be deal breakers for select traders, such as the lack of a zero-spread account and fees in deposits and withdrawals. Furthermore, no 24/7 support is provided.