trilt.com in brief
The website trilt.com is owned and operated by Trilt Limited. T.R.I. Leading Trader is a registered trading name of Trilt Limited, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). The company creates an exceptional trading environment where anyone can trade CFDs in a simple, and informative way. TRILT applies an innovative business model that helped it to become a leader in the global financial derivatives investment, the company claims. Trilt is an STP brokerage rather than a market maker, it says. Customers can trade currency pairs via the award-winning MetaTrader 4 (MT4) platform. You can start trading with at least USD200.
Regulation
It is advisable to know where the brokerage is regulated before signing a contract with it. Trilt Limited is authorized and regulated by Cyprus Securities Exchange Commission (CySEC) under license number 254/14. The company operates according to the terms of the European Markets in Financial Instruments Directive II (MiFID II). All client’s money is held separate from the firm’s own assets. It is approved for the reception and transmission of orders in relation to financial instruments and execution of orders on behalf of clients. Trilt is a member of the Investor Compensation Fund (ICF), which covers eligible clients of Cyprus Investment Firms (CIFs).
Account Types
There are two types of live trading accounts – for retail and professional clients.
ECN Retail account – The minimum initial deposit is USD200 and the average spread for the EUR/USD pair is 1.8 pips. Trading is commission free and all retail clients are covered by the negative balance protection. The leverage can be up to 1:30.
PRO account – The minimum initial deposit is USD1,000. Professional clients are not covered by the negative balance protection and they may lose more than they have invested. Trading is subject to a commission and the leverage can be up to 1: 200.
All strategies can be used including scalping, hedging and arbitrage, the company claims.
Market Maker or STP Broker?
The Execution Venue section of the Order Execution Policy document explains that Trilt acts as an agent and not as a principal on the client’s behalf. The company’s sole execution venue for the execution of the client’s orders for financial instruments is TopFX Ltd. This means that the company transmits client orders or arranges for their execution with its liquidity provider – TopFX, which is the trading name of Fondex Limited. In other words, the company uses the Straight Through Processing (STP) model to fulfill client’s orders, transmitting all of them to TopFX. Therefore, there is no conflict of interest, and the company earns money only from the spread and commissions.
The same document warns of the presence of slippage – the difference between the expected price of a trade, and the price at which the trade was actually executed at. Slippage more often occurs during periods of higher volatility making an order at a specific price impossible to execute. It is noted that all types of orders are subject to slippage; therefore, stop loss orders are not guaranteed and will be executed at the next best available market price.
In addition, the company provides all retail clients with Negative Balance Protection. and losses will never exceed the total available funds. However, institutional clients are not covered by this protection policy and they may lose more than they have invested.
Fees
In addition to common fees there also is an inactivity fee. If there has been no activity (trading/withdrawals/deposits) for 90 days or more, the client account will be set to Inactive (Dormant). Dormant accounts will be charged with a monthly fee of USD10 or the full amount of the free balance in the account if the free balance is less than USD10. There will be no charge if the free balance in the account is 0 (zero). Accounts with zero balance will be archived after a period of 90 calendar days.
Deposits and Withdrawals
Customers can use several deposit methods such as bank transfer, credit/debit cards, and some e-wallets. Deposits can be made in any currency, and it will be automatically converted into the base currency of the account. All deposits are instant, except for the bank transfer. Standard bank transfers within the EU take up to 3 working days but bank transfers to some countries may take up to 5 working days
Withdrawals should be made using the same method used by the customer to fund his trading account. The company can only transfer the same amount back to his card as the amount he has deposited. Profits can be transferred to his bank account via bank transfer. If deposits are made via e-wallet, profits can be sent to that same e-wallet. All withdrawals are processed by the company within the same business day.
Trilt does not charge any fees for any deposit/withdrawal options. It covers all transaction fees except those for bank transfers of less than USD200.
Trading Platforms
You can trade via one of the most used terminals worldwide – MetaTrader 4 (MT4). MT4 offers a wide set of features to help traders analyze financial markets in-depth, place orders, manage positions, and run automated systems through expert advisors (EAs). The company claims it strives to be the world’s best MT4 forex broker by offering clients the best possible online trading experience. It is a preferred trading platform because of its user-friendly interface and advanced programming features. MT4 terminal is available as a desktop version for Windows and MAC machines, and as a mobile app for Android and iOS devices.
Assets
Trilt offers CFDs trading only on currency pairs. You have access to 36 major, minor, and exotic currency pairs. The average spread for the EUR/USD pair is 1.8 pips.
Summary
Trilt Limited has a CySEC regulation, which allows it to provide financial services across European Union. It uses the STP model to execute orders transmitting them to its liquidity provider – TopFX, which is the trading name of Fondex Limited. The company provides only currency pairs for online trading via the popular MT4. There are two types of live accounts that differ in the initial deposit requirements and commissions. The minimum initial deposit amount is USD200.
