Brokereo Review

brokereo Review
Min Deposit

$250

Min Spread

0.03

Regulation

CYSEC

Brokereo is emerging as the best online trading broker website for all traders. Brokereo aims toward the new generation of investors willing to explore various aspects of financial markets and trading. 

The brokerage firm is redefining the vision of excellent trading with ample resources and providing practical trading terms & conditions. In addition, it is helping traders from different walks of life via stable investments and several methods for withdrawal and deposit from bank transfers to e-wallets. 

The broker is not only building the confidence of its clients in Forex trade but also making the whole process smooth and hassle-free.  In this post, have a look at the unbiased Brokereo review based on different parameters.

Is Brokereo Legit or Scam? 

Brokereo is a financial service provider established under the name of operated by Concorde Investments Ltd. The broker is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with the license number 189/13. 

Moreover, the brokerage platform is also regulated by other financial authorities for high ethical standards of work, which clearly means it is not a fraud broker. 

The broker operates according to the European Union Directive 2014/65/EU on Markets in Financial Instruments ( MiFID).

MiFID works with the objective of creating an integrated financial market that protects investors’ safety and safeguards the efficiency and integrity of the market. 

With all the advocacies mentioned above, the broker stands corrected as a legit one.

Pros and Cons:

The brokerage platform has been in operation since 2020, and its multiple services and offers have fascinated many traders globally. In addition, the choice of trading tools, types of accounts, etc., have made it a popular Forex broker in a short time.

Pros:

  • Regulated and authorized broker
  • Cutting-edge trading platform 
  • Fast execution 
  • Commission-free trading 
  • 24/5 customer support 
  • Analytical tools 
  • 300+ CFD trading on various asset
  • Offers Margin Trading
  • Offers CFDs on Commodities such as raw material, precious metals, etc 
  • 45+ Forex pairs
  • Offers Crypto trading
  • Access to Free Demo Account
  • Low Trading fee
  • Offers deposits through e-wallets and wire transfer

Cons:

  • No US traders are allowed to trade 
  • High swap fees
  • Doesn’t offer Negative Balance Protection

Trading Accounts Offered?

The account types offered by the broker are unique and aid traders with an excellent market experience. Traders always want to have individuality in their trading; and this platform fulfills the need of traders by offering three retail investor accounts: Silver, Gold, Platinum accounts, and a free demo account.

"Trading

The accounts are designed keeping all sorts of traders in mind. Here’s a list of three primary trading accounts offered by the broker: 

Silver Account

It is an account for beginners wanting to invest in different trading products. The account type is best suited for new traders who wish to learn and start the trade with different instruments. It is one of the primary trading accounts offered by the brokerage platform.

The account provides an environment where novice traders can enjoy various features. In addition, the platform offers some other features to its retail clients including: 

  • Maximum Forex leverage of 1:30 
  • Minimum spreads starting from 1.0
  • 300 plus CFD asset
  • No swap discount 
  • 24/5 customer service 
  • News alerts and updates 
  • Hedging 
  • Fifth decimal
  • Maximum leverage for a professional account up to 1:200
  • Base currencies include USD, EUR, GBP, etc 
  • Commission-free trading 
  • Access to a wide range of assets
  • The minimum Initial Deposit is $250

Gold Account 

The account is specially designed for traders who understand the Forex market and have good trading skills. It is to help these traders to polish their skills and have successful trading online in the Forex markets.

It has many attractive features to make traders reach newer heights of victory. It has the following features for retail clients: 

  • Leverage up to 1:30 for retailers
  • Minimum spreads of 0.4
  • 300+ CFD asset 
  • Swap discount of 25% 
  • Hedging 
  • News alerts 
  • Fifth decimal 
  • A dedicated account manager 
  • Base currencies include USD, EUR, GBP, etc
  • Zero commission 
  • Leverage up to 1:200 for Professional account holders 
  • Base currencies 
  • Access to a wide range of assets
  • The minimum deposit is $250

Platinum Account 

Platinum is one of the three retail investor accounts, the best fit for professional and perfect traders of the Forex market. An advanced account for futuristic traders. They can enjoy the trade with all the facilities and amazing services offered by the broker: 

  • Leverage up to 1:30 for retail traders 
  • Minimum spreads of 0.3 
  • 300+ CFD trading asset
  • Swap discount of 50% 
  • Dedicated account manager 
  • Base currencies include USD, EUR, GBP, etc 
  • Hedging 
  • Fifth decimal 
  • News alerts
  • Base currencies 
  • 24/5 customer service
  • Zero commission charge 
  • Leverage upto1:200 for professional clients 
  • Access to a wide range of assets
  • The minimum deposit is $250

Professional Account

The professional account offered by the platform is claimed to be the most advanced. It offers some amazing features to ease the trade and experience a smooth execution of orders.

Professional Account

The only odd in this account type is that it doesn’t offer negative balance protection. It has the following offers for professional traders: 

  • Unhindered freedom, traders have a facility of a high leverage ratio of 1:500 and a margin of 15%, thus having a high position in the market with less investment. Traders can even try new market strategies with high leverage. 
  • Traders can even have full speed order execution and deposit and withdrawal quickly—trading as per the market volatility. 
  • A dedicated account manager guide in solving questions and queries of the trader. They are personal managers and would be available anytime to help professional traders. Thus, saving time and trading online with the momentum of the market. 
  • 100 GB/S bandwidth for best execution 
  • Tight spreads 
  • Marginal call level of 100%
  • Stop-out at 15%
  • Exclusive pro services 

Islamic Account 

This account facility is for the traders who follow the sharia laws. Muslims who prefer such accounts can choose the option in the trading accounts and trade with the rules. 

How to Open an Account?

The account opening on the platform is simple and less time-taking. The process would provide traders with an individual account to trade as per the requirements of the trader.

"How

Below listed are the steps to open retail investor accounts: 

  • The first step for creating an account with Brokereo is to fill out the basic information such as first name, last name, email address, country code, and phone number. After filling in all these details, clients must set a password to have a secure trading account.
  • A declaration is shown below the form page that states that the client is above 18 years and has understood all the terms and conditions of using the platform. Traders should tick mark that and one more declaration below with product updates.
  • Now, click on the ‘Create an Account button.
  • The second step is information; traders are asked for personal data such as identity proofs etc., for a valid trading account.
  • The third step is the questionnaire, where clients are asked about their past trading history. Based on this, the brokerage platform can suggest to clients trading tips.
  • The fourth step involves documentation; the required documents are to be uploaded for the verification process.
  •  The last step of the process is a deposit; the clients are required to deposit initial funds to start trade with the broker. 

Available Trading Platform:

The brokerage offers clients the opportunity to trade with globally recognized trading online platforms and tools. The traders can use MetaTrader4, Webtrader, and Mobile applications to enhance the trading experience.

Here we will discuss the trading platforms and know what they have to offer the clients. 

MetaTrader4 (MT4)

Brokereo, on its official website, has referred to MT4 as the giant trading technology. The software is truly giant, not in its shape but with the data and facilities—advanced desktop software with high-speed access to the market.

With its consistent trading performance 24/7 and technical support, traders can forecast the Forex market instruments. The software is available for download on the website and is used in laptops and computer systems.

This trading platform help traders in executing instant orders in real-time, stop loss/take profits, reading charts and patterns, analyzing the market, etc. With so many tools, traders can never go wrong with the predictions until a sudden fluctuation occurs. 

In addition, the platform uses advanced tools to help you in executing numerous trades easily and is popular for its consistent performance.

Functions of MT4: 

  • Customizable
  • Technical and fundamental analysis
  • Transparency of trade 
  • Multifunctionality 
  • Quick performance 
  • One-click trade 
  • Fast execution 
  • Time frames 
  • Indicators 
  • Experts advisors 

WebTrader:

This trading platform is one of the leading standard web trading online platforms. It is handy and accessible from anywhere and any time of the day. With the help of a WebTrader, clients can switch between accounts and manage the trade.

Other than this, traders can control trade and access the market easily with just a click. 

Webtrader has the following features: 

  • User-friendly interface 
  • Analysis with visualization of market 
  • Easy market access
  • One tap control 
  • Optimized search 

Mobile Application:

The mobile trading application offers a wide range of features such as 24/7 availability, free research tools, and many others. Traders can use the mobile application with android and iOS devices anytime.

The platform offers cutting-edge technology with the facility to track the market changes such as rapid price hikes, trades, and instruments.

It makes the trade more convenient and exciting. It provides traders with all the updates with no chance of missing any news. It has the following functions: 

  • Available 24/7 
  • 100% functional 
  • One-click trade 
  • Free download 
  • Trading tools 
  • Handy technology 
  • Accessible
  • Comfortable to use  

Major Financial Instruments Available for Trade:

Before you start trading, here’s some important information to remember – trading CFDs involves a high risk of losing money rapidly.

"Major

So before you start trading, understand the basics of the financial market first. The major financial instruments available on the platform include: 

  • CFD 
  • Cryptocurrencies 
  • Commodities such as raw materials, precious metals, etc. 
  • Shares 
  • Indices 
  • Metals 
  • Forex  
  • Future 

Commission, Fees, and Spreads:

Brokereo is the modern generation broker with all the required components; low-cost trading, and no commission charges. A client is not asked for any kind of extra trading fee; thus, the trade is commission-free. 

Brokereo offers various spreads for the different types of accounts used by clients. For example, the Silver Account has a spread starting from 1:0, the Gold account has a minimum spread of 0.4, and the Platinum Account has spreads starting from 0.3.

Besides, the Professional Account has tight spreads and low trading fees. However, it may differ based on the base currency. 

Maximum Leverage Available:

The leverage ratio offered by the broker also varies as per the account chosen by the client. Below listed are the account names with the leverage ratio they offer: 

  • Silver account: leverage up to 1:30 
  • Gold account: leverage up to 1:30 
  • Platinum account: leverage upto 1:30 
  • For professional accounts, the broker offers leverage up to 1:200 of all account types

Deposit and Withdrawal Process: 

Brokereo offers various options for traders to deposit and withdraw funds. For the secure payment process, traders can use e-wallets, bank wire transfers, and debit and credit cards.

The deposit of funds is easy and is made within minutes. In contrast, the withdrawal methods may take 3 to 5 business days. This is because the withdrawal requires time to verify the client and the security purpose of the trade. In addition, the broker doesn’t charge any withdrawal fees.

You can use the following payment methods for depositing funds: 

  • Mastercard 
  • Maestro 
  • Skrill
  • NETELLER
  • VISA 
  • V PAY 
  • Bank Transfers
  • Wire transfer
  • Debit / Credit Card

Educational Resources and Research Tools:

The brokerage platform offers facilities of both educational resources and research tools to enhance the knowledge of the traders. They can access the educational and research material available on the website.

"Educational

In addition, Brokereo provides videos, journals, trading articles, courses, webinars, latest news, e-books, and courses for education. For research, the platform offers an economic calendar, reports, technical analysis tools, and some other user-friendly tools. 

This facility would guide traders, keep their basic concepts of trading clear, and help them discover new trading opportunities. In addition, the platform provides quality services to the clients for secure and transparent trade. 

Customer Service:

Being a professional broker, Brokereo offers the best and most learned customer assistance. It is available for traders in the Forex market timings. The customer service staff is available in multiple languages including English, Portuguese and Italian. 

The trader can contact the customer support staff whenever they need help or need answers to queries. It offers a reliable support system for traders, guiding both professionals and novices through live chat and other available channels. 

Here are the details to connect with the team: 

  • Monday to Friday – 7:00 to 18:00 GMT  
  • Contact number: +35780092710
  • Live Chat 
  • Email Address: [email protected] 
  • Fill a query form with the name and email address with the message and subject of the query

Conclusion:

Brokereo is a broker which is classy and for the masses simultaneously. It believes in delivering high-tech quality services that protect the rights of its users. Also, the broker ensures you get the best environment for trading with optimum security.

Making it safe for trading and investing in the trading market is one of the biggest motives of the broker. 

FAQ
mobile-faqs-banner

The customer support team can be connected easily through a contact us form, email, call and live chat. The customer service is available in multiple languages including English, Portuguese and Italian. 

Brokereo offers the following trading assets: 

  • CFD 
  • Cryptocurrencies 
  • Commodities such as raw material, precious metals, etc. 
  • Shares 
  • Indices 
  • Metals 
  • Forex  
  • Future

Opening an account with Brokereo is easy. The trader is required to first register with the broker with certain information. The registration will need a password to protect the account.

With this, the account is created. Next, the trader should fill in all the information and questionnaires asked by the broker. You must make a minimum deposit 250$ to start trading. Read this review to know more.

The trader should first apply for the withdrawal of the funds on the broker’s website; after that, the broker verifies the trader’s identity and transfers the funds within 3 to 5 business days. Read this review to know more. 

The account opening and deposit of funds give traders access to trading platforms like MetaTrader4, WebTrader and Mobile application. A trader is not required to do anything else than have an account with the broker. There they can download the software on their laptops or computer system.

A free demo account could be accessed by registering with the Brokereo and selecting the free demo account option after account creation. 

$250 is the minimum deposit.

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