Trive Review, Test & Rating in 2024

Trive (formerly known as GKFX) is a new, modern and relatively small broker that offers currently offers three languages. Traders can choose from a proprietary webtrader, MT4 & MT5 and three different account types.

70% of retail investor accounts lose money trading CFDs with this provider.

What we liked about Trive is their modern website. It is not cluttered with information and easy to navigate. With more than 5500 tradable instruments, Trive offers a wide range of trading assets. The spreads are lower than with most other brokers. Traders can choose from MT4, MT5 and a proprietary webtrader.

Trive charges fees for some forms of deposit and withdrawal. The majority of traders will be satisfied with the product offer but some traders will miss cryptocurrencies. In our test we failed to get a live chat going, but that is probably just a temporary issue. Trive does not have a clear stance on negative balance protection, even though traders in EU have a legal right to it.

In addition to stocks and ETFs, Trive offers trading of leveraged products. The largest selection is in the form of CFDs, which allow traders to speculate on the price movements of indices, commodities, cryptocurrencies, and stocks without actually owning the underlying asset. Currently, only leading cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Cardano, and Bitcoin Cash are available for trading. A wider selection of assets is available in the indices and stocks categories, although it should be noted that Trive currently only offers a small, hand-selected range compared to other trading brokers. Trading is possible on global markets such as Germany, Spain, the US, UK, France, and the Netherlands. Trive also offers a broad range of currencies for trading, including major, minor, exotic, and other currencies.

The list of tradable instruments includes:

• +40 FX pairs
• +15 indices
• +6 commodities
• +1500 ETF
• +4000 stocks

Trive offers competitive trading fees compared to other brokers. The spreads for different assets, such as the DAX index, gold, and EUR/USD currency pair, are low and do not come with additional commissions (Expect for PrimePlus accounts). For example, the spread for the DAX starts at 0.5 points, while the spread for gold starts at 0.2 points and the spread for EUR/USD starts at 0.1 points (with commissions). It is important to note that the spreads may vary depending on the account type that a customer has with Trive. Customers should check the specific spreads and fees for their account to understand the cost of trading with the broker.

Who is Trive?

Trive (formerly GKFX) is a financial services company that was founded in 2008. It offers a range of trading products, including leveraged products such as CFDs and forex, as well as the opportunity to trade ETFs and stocks. The company provides multiple trading platforms to allow traders to choose the one that best fits their needs, and also supports scalping, day trading, and cryptocurrency trading. Trive is a sponsor of Bayer 04 Leverkusen and identifies with the team's values. The company is based in Malta and is registered under the name Trive Financial Services Malta Limited.

Trive is an investment platform that aims to offer a wide range of products to enrich users' portfolios and make investment more accessible through low or zero fees. The platform is designed to be simple and easy to use, and provides detailed information about trades to allow users to monitor their progress. Trive has a support team of experts available to help users throughout their investment journey. The company's goal is to provide a globally accessible platform for financial services that is driven by continuous innovation.

Trive only offers 1:30 max leverage, which is a solid choice in our opinion.

Access to Trading Central

Trive offers access to Trading Central. You can enhance your trading skills by accessing a range of innovative analysis tools from Trading Central. These tools can help you identify new trading opportunities, broaden your strategies, and get instant insights and guidance from Trading Central, as well as alternative scenarios based on technical analysis.

MetaTrader Booster Pack

Enhance your MetaTrader platform with the MetaTrader Booster Pack, which includes 9 add-ons designed to improve your trading experience. These add-ons offer new charts, indicators, and user interface options to help you achieve better trading results. You can easily download and install these add-ons through the tools section of the Trive trading platform.

Best Execution Policy

Trive is a financial services company that has a best execution obligation to its clients, meaning it is required to execute orders on the best available terms for its clients. In order to fulfill this obligation, Trive considers a number of criteria when executing orders, including price, speed and likelihood of execution, costs, likelihood of settlement, order size, nature of the order, and any other relevant considerations. These criteria may vary in importance depending on the specific circumstances of the order. Trive  also takes into account the total consideration for the order, including all fees and costs, when determining the best possible result for retail clients. The company may use a range of execution venues and may consider both transparent and non-transparent venues when executing orders. Trive is also required to review and update its best execution policies and procedures on an ongoing basis.

Scalping Policy at Trive

Trive  considers scalping an unacceptable trading practice and will take action, including terminating accounts and voiding or closing trades, if it is detected. Scalping involves making quick profits through exploiting internet latencies, delayed prices, and high volumes of transactions targeting tick fluctuations.

Trive is a trading and investment platform designed to make global markets accessible to all customers through a user-friendly experience. It features a comprehensive, modular trading platform that helps simplify advanced trading and offers cutting-edge technology that is intuitive, secure, and reliable. Available trading platforms include:

• Proprietary webtrader including iOS & Android apps
• MetaTrader 4
• MetaTrader 5

Proprietary trading platform of Trive

The platform includes a comprehensive, fully modular trading platform that helps to simplify the advanced trading experience for customers. It offers features such as Quick Trade, which makes it easier to find, evaluate, and place trades, and Easy Monitoring, which allows customers to track their orders, positions, and buying power in real-time. The platform also has a flexible layout that can be customized to meet the needs of different traders. Other features include easy order entry, portfolio monitoring, analysis tools, market data, and a watchlist. Customers can receive notifications about expected price movements.

MetaTrader 4

MetaTrader 4 (MT4) is a well-known and widely used trading platform in the industry, and Trive offers access to it for its customers. With MT4, customers can trade various financial instruments, including forex, stocks, and commodities, from their mobile or desktop devices. The platform offers a range of features to help traders analyze the markets, place trades, and manage their positions. These features include a range of technical indicators, charting tools, and automated trading capabilities through the use of Expert Advisors (EAs). MT4 is known for its reliability and security, and it is widely used by traders and brokers around the world. By providing access to MT4, Trive enables its customers to take advantage of the many benefits of this platform.

MetaTrader 5

MetaTrader 5 (MT5) is a newer version of the popular MetaTrader trading platform. It offers many of the same features as MT4, including the ability to trade a wide range of financial instruments, access technical analysis tools, and use Expert Advisors (EAs) for automated trading. In addition to these features, MT5 includes some additional capabilities that are not available on MT4. These include the ability to trade stocks and futures, as well as enhanced analysis tools such as more advanced charting and market depth information.

Trive offers access to MT5 through a custom made quote and bridge system. This system combines a high-speed execution policy with the advanced features of MT5, which helps to enhance the overall quality of the trading experience. By providing access to MT5, Trive enables its customers to take advantage of the many benefits of this platform, including its advanced capabilities and millisecond execution speeds.

Trive is a broker that offers a range of trading accounts with different features and conditions to suit the needs of different traders. The available accounts include the Classic, Prime, and Prime Plus, which have minimum deposits of 0 EUR, 2,500 EUR, and 15,000 EUR respectively. All the accounts offer competitive spreads and access to market analysis and educational resources. Customers can trade a wide range of financial instruments, including CFDs on currencies, shares, metals, and energy products.

To help customers choose the right account for them, Trive has a number of considerations in place. As a regulated broker under MIFID 2, the company is required to ensure that its customers are suitable for trading CFDs by conducting an appropriateness test. This test assesses the customer's trading experience and knowledge, as well as their risk tolerance and investment goals. Customers should also think about their time management needs, such as whether they have the ability to check their positions regularly or if they need to use automated trades with Expert Advisors. In addition, customers should consider their strengths and skills as traders, and choose an account that aligns with their knowledge and experience in specific markets.

More details about the different account types can be found in the table below.

If you want to close your Trive account the best way is to withdraw all funds and then contact their support via E-Mail from the E-Mail that your account is registered with. Trive may try to call you to confirm your account closure.

70% of retail investor accounts lose money trading CFDs with this provider.

You can fund your Trive account through different options, including

• Bank Transfer
• Credit Card
• E-Wallet (Neteller, Skrill)

Trive makes it easy for customers to manage their funds through a secure client area, where they can access various funding and withdrawal options. The broker offers four different methods for depositing and withdrawing funds: bank transfer, Visa/Mastercard debit/credit card, and e-wallet (Neteller and Skrill). The cost and processing times for each method may vary. Trive does not charge any additional fees on deposits or withdrawals, but customers should be aware that their bank may charge transfer fees. To comply with regulations, Trive can only accept payments from and return funds to accounts in the same name as the trading account. In the event of bank holidays or other unforeseen circumstances, withdrawal times may be longer.

Payment method​	Cost	Deposits	Withdrawals
Bank transfer	Free	Same day to 3 working days​	1-3 working days​
Visa debit/credit card​	1.5%​	Instant	1-3 working days​
Mastercard debit/credit card​	1.5%​	Instant	1-3 working days​
E-wallet (Neteller & Skrill)​	1.5%​	Instant	1-3 working days​

Trive's customer service is 24/5 available. If you need or want assistance, there are a few possible ways to contact the service team:

• You can call them by phone
• Contact them via Live-Chat
• E-Mail them

Their telephone service is available from Monday to Friday

Since Trive is a new broker, we do not have any verified feedback from traders about their experiences. We will update this section once it becomes available.

Trive Financial Services Malta Limited is a privately-held company based in Malta that offers investment services. It is registered under Maltese law and has been licensed by the Malta Financial Services Authority to conduct investment services business. Trive has also been authorized to establish branches in Germany and Spain, and is permitted to offer its services in the EU under the European Right to Freedom of Services and Establishment.

The website (trive.com) is operated by Trive Financial Services Malta Limited, a private limited liability company registered under the Laws of Malta, having company registration number C 60473 and its registered address at Floor 5, The Penthouse, Lifestar, Testaferrata Street, Ta’ Xbiex, XBX 1403, Malta. Trive Financial Services Malta Limited is licensed to conduct investment services business under the Investment Services Act (Chapter 330 of the Laws of Malta) by the Malta Financial Services Authority (CRES-IF-5048).

Trader Rating

70% of retail investor accounts lose money trading CFDs with this provider.