TIO Markets Review

FCA

Overall rating

3.0/5

Minimum deposit

$50

EUR/USD spread

From ~1.0 pips (Standard, confirm current terms)

MT4MT5
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Use this review to validate safety, fees, platform fit, and where this broker falls short.

BrokerAnalysis Research Desk

Written by

BrokerAnalysis Research Desk
BrokerAnalysis Editorial Team

Fact Checked by

BrokerAnalysis Editorial Team

Updated

Jul 18, 2026
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Last reviewed:
By:BrokerAnalysis Research Desk
Fact-checked by:BrokerAnalysis Editorial Team
Last verified: Jul 2026

Is TIO Markets a good broker?

TIO Markets is a FCA-regulated broker rated 3.0/5. Published EUR/USD pricing is listed at From ~1.0 pips (Standard, confirm current terms) with a minimum deposit of $50. TIO Markets is a UK-registered forex and CFD broker whose FCA entity traces back through a chain of prior company names (Capital Market Services UK → Primus Capital Markets UK → Cedar Capital Markets) — a 'recycled shell' history we disclose here because it materially affects how much weight a fresh FCA registration should carry.

Sources & References

  1. BrokerAnalysis
  2. BrokerAnalysis
  3. BrokerAnalysis

Should you choose TIO Markets?

Use this short answer before you dive into the full review.

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Best for

Low advertised minimum deposit

Not ideal for

One of the lowest scores in our Forex Peace Army research (independent reviewers flagged trust and withdrawal issues)

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60

Trust Score: 60/100

Based on regulatory status, company history, and financial transparency

TIO Markets Score Breakdown

5.9/ 10
Safety6.0Fees6.2Platform6.1Account5.8Support5.6
Safety
6.0
Fees
6.2
Platform
6.1
Account
5.8
Support
5.6
  • FCA-Registered UK Entity (Recycled Shell)
  • Low Independent Trust Score
  • CNMV Warning Issued
  • MT4/MT5 Platforms

Founded

2012

Headquarters

London, UK / Cyprus

Why choose TIO Markets

TIO Markets is a UK-registered forex and CFD broker whose FCA entity traces back through a chain of prior company names (Capital Market Services UK → Primus Capital Markets UK → Cedar Capital Markets) — a 'recycled shell' history we disclose here because it materially affects how much weight a fresh FCA registration should carry. Independent trust signals are notably weaker than the other brokers on this site: TIO carries one of the lowest scores in our research on Forex Peace Army, and Spain's CNMV has issued a public warning about it. We list TIO because it has real historical trading volume and a live affiliate relationship, not because it clears our usual bar for a confidently recommended broker — read the safety section below before depositing.

Pros

  • FCA-registered UK entity
  • Low minimum deposit for new traders
  • Familiar MT4/MT5 platforms

Cons

  • One of the lowest scores in our Forex Peace Army research (independent reviewers flagged trust and withdrawal issues)
  • FCA entity's company history shows multiple prior name changes
  • Spain's CNMV has issued a public warning about this broker — verify current status before depositing
  • Independent reports describe profit-cancellation disputes at withdrawal; we cannot verify these directly but they recur across multiple sources
TIO Markets logo

TIO Markets

Fast decision summary

Min Deposit:

$50

Regulated:

Yes

Inactivity Fee:

Confirm current terms directly

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TIO advertises competitive headline spreads and a low minimum deposit, positioning itself for cost-conscious beginners. As with any broker carrying the trust concerns disclosed in this review, confirm the live fee schedule directly on TIO's site rather than relying solely on marketing pages, and read withdrawal terms carefully before funding an account.

Non-trading fees

Deposit fee

None advertised

Withdrawal fee

Confirm current terms — independent reports describe disputes around withdrawal conditions

Inactivity fee

Confirm current terms directly

Fees and conditions last verified: July 2026.

Fees may vary depending on account type and jurisdiction. We aim to keep this data updated regularly.

TIO's UK entity is FCA-registered, but that registration traces through a chain of prior company names rather than a single continuous operating history — Companies House records show the entity previously traded as Capital Market Services UK, then Primus Capital Markets UK, then Cedar Capital Markets. Spain's CNMV has separately issued a public warning about TIO Markets. Independent review aggregation (Forex Peace Army) gives TIO one of the lowest scores in our research set, and some of TIO's own positive reviews there were flagged by FPA moderators as appearing to originate from inside TIO's own offices rather than genuine customers. None of this means the broker cannot be used — plenty of traders do — but it is a materially different trust profile from the brokers we feature as top picks, and we want a reader to know that before depositing, not after.

Regulatory Status

RegulatorCountryTier
FCAUnited Kingdom1

Safety Features

Segregated AccountsYes
Negative Balance ProtectionYes
Investor ProtectionFCA registration carries standard UK regulatory obligations; confirm current FSCS eligibility directly, as registration status and permissions can change.
Compensation SchemeConfirm current FSCS eligibility directly with TIO/FCA register

Is regulated?

Yes, heavily regulated.

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TIO advertises standard funding methods. Given the disclosed trust concerns above, we recommend starting with the smallest workable deposit and testing a full withdrawal cycle early, before committing further funds.

Deposit Options

MethodProcessing TimeFeeMin. Deposit
Credit/Debit CardInstant (advertised)Free (advertised)$50
Bank Transfer1-3 Days (advertised)Free (advertised)$50

Withdrawal Options

MethodProcessing TimeFeeMin. Withdrawal
Same as deposit methodConfirm current terms directlyConfirm current terms directlyConfirm current terms directly

Base Currencies

USD, GBP, EUR

Standard digital onboarding with MT4/MT5 account access. Given the trust concerns disclosed in this review, verify your specific account terms directly with TIO before funding beyond a test amount.

Account Types

Account TypeMin. DepositKey Features
Standard$50
  • MT4/MT5 access
  • Confirm current spread/commission terms directly

Verification Steps

  • Time to open: Same day (subject to verification)
  • Demo Account: Yes
  • Islamic Account: No
Open TIO Markets Account

Standard MetaTrader mobile apps — no TIO-specific proprietary app.

App Features

  • Standard MT4/MT5 mobile order types

MetaTrader 4 and MetaTrader 5, the industry-standard platforms.

Supported Platforms

  • MetaTrader 4/5: Standard MetaTrader platform access.

Compare platform providers:

A standard forex-and-CFD product range covering major/minor currency pairs plus a smaller selection of indices, commodities, and crypto CFDs.

Available Instruments

Forex Pairs40
Indices10
Stocks0
Commodities8
Cryptos10

Leverage Limits

InstrumentMax Leverage
ForexConfirm current limits directly — vary by entity/jurisdiction
IndicesConfirm current limits directly

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Frequently Asked Questions

TIO's UK entity holds an active FCA registration, but its company history shows several prior name changes (Capital Market Services UK, then Primus Capital Markets UK, then Cedar Capital Markets, before its current TIO branding), Spain's CNMV has issued a public warning about the broker, and independent review aggregation (Forex Peace Army) gives TIO one of the lowest scores in our 62-broker research set. We list TIO because it has a live affiliate relationship and real trading history, not as a confident recommendation — read this full review before depositing more than you can afford to lose.
Because the underlying research findings genuinely differ. Our featured picks on country and category pages are chosen because they clear a real evidence bar; TIO does not clear that bar the way our top picks do, and we would rather say so plainly than write a generic positive review that doesn't match what we actually found.
TIO advertises a $50 minimum deposit, though we recommend confirming current terms directly and starting with a small amount given the concerns raised in this review.
Yes — Spain's CNMV has issued a public warning about TIO Markets. We recommend checking the CNMV and FCA registers directly for the most current regulatory status before depositing.
No. Like the vast majority of offshore/UK-registered CFD brokers, TIO does not accept US retail clients.

Review Team

Why Traders Shortlist TIO Markets

Key points from our latest editorial review and testing process.

  • FCA-Registered UK Entity (Recycled Shell)
  • Low Independent Trust Score
  • CNMV Warning Issued
  • MT4/MT5 Platforms
See How We Test Brokers

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Why this review is trustworthy

  • Freshness dates and fact-checking are shown on the page.
  • Broker scoring follows our public methodology and disclosure standards.
  • Country-specific differences still matter, so compare the exact entity before you deposit.
Review Methodology

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Our Verdict

TIO Markets is recommended for Low advertised minimum deposit

Use this final check alongside the fee, safety, platform, and funding sections above. If TIO Markets still fits your country, account size, and risk tolerance, open the account through the tracked broker route below.

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Risk Warning: Forex/CFD trading involves significant risk. 68-80% of retail accounts lose money.|Affiliate Disclosure: We may earn commissions from listed partners.|Not Advice: For educational purposes only.

Broker terms can differ by region and entity, but this review shows the most recent figures captured in our research workflow.Methodology |Editorial Policy |Data Sources |Full Disclaimer