The forex and CFD industry is full of new names popping up every year. One of those names is Trive — a broker that markets itself as modern, innovative, and global.
But with so many scam brokers out there, traders naturally ask:
👉 Is Trive a scam broker, or is it legit?
In this deep-dive review, we’ll break down Trive’s regulation, services, complaints, and red flags so you can make an informed decision.
Who is Trive?
Trive is an online brokerage brand operated under Trive Financial Services. According to their official website (trive.com), the company offers:
- Forex and CFD trading
- Stocks and ETFs
- Indices and commodities
- Mobile-first trading experience
They present themselves as a next-gen fintech broker — but flashy websites don’t always equal safety.
📌 Related: Broker Reviews
Trive Regulation – Where Are They Licensed?
The most important factor in deciding if a broker is a scam or safe is regulation.
- Europe: Trive is registered in Germany, regulated by BaFin (Federal Financial Supervisory Authority). Check BaFin register. ✅
- Global: They claim to serve multiple regions, but do not hold licenses in Asia (Singapore, Hong Kong, Malaysia, etc.).
- No ASIC/FCA/CySEC license – meaning if you’re outside Europe, protections may be limited.
👉 This matters because many scam brokers pretend to be global, but in reality, their regulation only applies to specific regions.
📌 Related: Regulators
Complaints From Traders
Since Trive is relatively new, complaint volumes are smaller than brokers like IronFX or ACY. But already, we’ve seen reports of:
- Slow withdrawals – especially for clients outside Europe.
- Unclear leverage conditions – some traders confused by regional differences.
- Aggressive marketing – clients in Asia report being targeted even though Trive isn’t licensed locally.
⚠️ This pattern is similar to other brokers that expand fast but without proper global regulation.
📌 Related: Ranking List
Trading Conditions at Trive
Trive advertises itself as a modern alternative to “old school” brokers. Here’s what they offer:
- Platforms: Their proprietary web and mobile platform (no MT4/MT5).
- Instruments: Stocks, ETFs, forex, CFDs, indices, commodities.
- Leverage: Up to 1:30 in Europe (BaFin regulated).
- Spreads: Marketed as competitive, but vary by asset.
The lack of MT4/MT5 could be a drawback for experienced forex traders. Most trusted brokers still offer MT4/MT5 for transparency.
📌 Compare with others: Broker Comparison Tool
Red Flags with Trive
Here’s what concerns us the most:
- ❌ Not licensed in Asia or Australia — yet actively markets there.
- ❌ Proprietary platform only — harder to verify execution quality.
- ❌ Slow withdrawals reported — a common early warning sign.
- ❌ Aggressive marketing tactics — not typical of a serious European-regulated broker.
These aren’t enough to call Trive a scam yet — but they raise concerns.
How to Verify Trive’s License
Always check licenses yourself before depositing:
- BaFin Register: Search Trive
- FCA (UK): Register — Trive is not listed.
- ASIC (Australia): Register — not listed.
- MAS (Singapore): Financial Institutions Directory — not listed.
👉 This confirms they are only regulated in Europe under BaFin.
📌 Related: About Us
Is Trive a Scam Broker?
Here’s the verdict based on available evidence:
✅ Pros:
- Regulated by BaFin in Germany (a strict regulator).
- Modern trading interface.
- Offers stocks and ETFs (not just forex/CFDs).
⚠️ Cons / Risks:
- Not licensed in Asia, Australia, or offshore.
- Complaints about slow withdrawals.
- Pushy marketing in regions where they’re not regulated.
- Lack of MT4/MT5 platform support.
Bottom line:
Trive is not an outright scam — but it’s not a fully global, safe broker either. Traders outside the EU should be extra cautious.
Safer Alternatives
If you’re outside Europe and want safer brokers, look at:
- IG – FCA-regulated, global coverage.
- Pepperstone – ASIC + FCA regulated.
- Exness – Reliable withdrawals, transparent conditions.
📌 Compare here: Broker Reviews
Final Thoughts
So, is Trive a scam?
The answer is not exactly, but it’s risky. Trive is regulated in Germany under BaFin, which makes it safer for EU traders. But for anyone outside Europe, the lack of proper licenses, slow withdrawal complaints, and aggressive marketing tactics are red flags.
As always, do your own research, verify licenses, and avoid depositing large amounts until you test withdrawals.
For more scam warnings, check our Broker Reviews and Scam Reports.