Trive

Trive Regulations

In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

This is what I discovered about the several entities operating under the Trive trade name:

• Trive International Ltd is licensed and regulated by the Financial Services Commission of the British Virgin Islands (BVI FSC) under license number BVI SIBA/L/14/1066. We rate the BVI FSC as a Tier-3 regulator.
• Trive New York LLC is licensed and regulated by the Financial Industry Regulatory Authority (FINRA) under license number 21946. We rate FINRA as a Tier-1 regulator.
• Trive Financial Services Australia Pty Ltd is licensed and regulated by the Australian Securities and Investments Commission (ASIC) under license number 424122. We rate ASIC as a Tier-1 regulator.
• Trive Financial Services Malta Ltd is licensed and regulated by the Malta Financial Services Authority (MFSA) under license number CRES IF 5048. We rate MFSA as a Tier-1 regulator.
• Trive Bank Hungary Ztr is licensed and regulated by the Central Bank of Hungary (CBH). We rate the CBH as a Tier-1 regulator.
• Trive South Africa (Pty) Ltd is licensed and regulated by the Financial Services Conduct Authority (FSCA) under license number 27231. We rate the FSCA as a Tier-2 regulator.
• Trive Turkiye comprises several subsidiary entities licensed and regulated by the Capital Markets Board (CMB) of Turkiye. We rate the CMB as a Tier-2 regulator. Please note that several subsidiaries operate under the same entity. For additional information, please visit here.
• PT Trive Invest Futures is licensed and regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI) of Jakarta. We rate BAPPEBTI as a Tier-2 regulator. Notably, PT Trive Invest Futures is a member of the Jakarta Futures Exchange (JFE) and the Commodity and Derivatives Exchange (ICDX).
• Trive Financial Services Ltd is licensed and regulated by the Financial Services Commission (FSC) of Mauritius under license number GB21026295. We rate the FSC as a Tier-3 regulator.

Understanding the Regulatory Protections of Your Account

Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with.

Here is what you need to be looking for in a broker in terms of safety mechanisms:

• Segregation of client funds. Keeping client funds in segregated bank accounts from the ones used for the broker’s corporate capital negates the risk of accounting errors. Trive guarantees the segregation of client funds on most of its entities.
• Negative balance protection. This safety mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. Trive guarantees negative balance protection for some of its entities.
• Compensation scheme. A compensation scheme protects traders against the broker’s liabilities if the company becomes insolvent. Only clients of the European entities of Trive are protected by up to EUR 20,000 under the Investor Compensation Fund (ICF).
• Maximum leverage. Capping the maximum leverage restricts the extent of market exposure to retail traders. The higher the leverage, the higher the potential profits and potential losses. Clients from the EU and Australia are presented with a maximum leverage of 1:30, while Trive International offers leverage of up to 1:2000.

Stability and Transparency

In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency.

Trive’s legal information is easily accessible from the broker’s website. In the legal docs section, traders can access the broker’s Client Agreement, risk notice, execution policy, and more.

While checking Trive International’s Client Agreement, I noticed that the broker remains committed to delivering the best possible quotes under the prevailing market conditions. This commitment is essential for reducing the risk of negative slippage.

Is Trive Safe to Trade With?

I determined that Trive is a quite safe broker to trade with due to the following factors:

• Licensed and regulated globally
• Growing brand with a global exposure
• Comprehensive and transparent legal docs

Fees

Trive Trading Fees

Trive Spreads

I tested Trive’s spreads on 19 November 2024 during the London and New York opens. The results are shown in the table below:

Broken down by asset class and compared to the industry average, I assessed that Trive charges low-to-average spreads on indices, average spreads on commodities, average-to-high spreads on currency pairs, and high spreads on share CFDs and cryptocurrencies.

Trive Swaps

A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

The values listed below are for one full base currency contract (100,000 units).

My tests indicate that Trive’s swaps are average for the industry. Thus, they are suitable for implementing longer-term trading strategies, such as swing and position trading.

Trive Non-Trading Fees

Trive does not impose handling fees on deposits or withdrawals, though third-party banking fees may apply. Additionally, the broker does not charge an inactivity fee on dormant accounts.

Accounts Comparison

I have compiled the table below to help you better understand the difference between the trading fees with Trive’s four account types and the industry average. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large.

The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account.

To calculate the cost of such a full-sized trade, I used this formula: Spread x pip value+commission

I assessed that the spreads on Trive’s Standard and Pro Leverage accounts are in line with the industry-average STP spread for the EURUSD. More favorable prices are available with the ECN Zero account, which, however, is not particularly suitable for high-volume traders because its commission of$10 for a standard traded contract exceeds the industry average commission rate of $6.

Based on my assessment, Trive’s VIP account features the most competitive conditions, beating the industry average. However, the account type also has a $2000 minimum deposit requirement.

Are Trive’s Fees Competitive?

The competitiveness of Trive’s fees varies depending on the traded instruments and chosen account type. I concluded that swing traders and day traders could obtain the best possible conditions on the VIP accounts that feature low floating spreads, zero commissions, and average swaps.

Platforms and Tools

Trive MT5 Desktop

The desktop version of the MetaTrader 5 platform features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool. These allow traders to examine various market developments from different angles and exploit the underlying trading opportunities in multiple ways.