Brokereo

brokereo Review
Min Deposit

$250

Min Spread

0.03

Regulation

CYSEC

A modern generation based online broker, Brokereo is all set to redefine the concepts of trading. With its excellence in forex trade, the broker has 300+ CFD trading assets for its clients. It is an award-winning broker regulated by Cyprus Securities and Exchange Commission (CySEC). The broker follows high ethical standards and operates according to the European Union Directives. 

With its impressive services, Brokereo is undoubtedly going to stay for long. The provisions of limitless market opportunities, MetaTrader4 platform, fast execution, easy deposits and withdrawals, secure trade and many more. All these facilities have zero commission charges; what else do beginners and professional traders require to trade in the forex market?

Brokereo is not only building the confidence of its clients in forex trade but making the whole process smooth and trouble-free.  Below will see the unbiased Brokereo review based on different parameters.

Brokereo Review: Pros and Cons

Brokereo 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 beneficial forex broker. Following are the pros and cons of Brokereo: 

Pros:

  • Regulated and authorised 
  • Cutting-edge trading platform 
  • Fast execution 
  • Commission-free trading 
  • 24/5 customer support 
  • Analytical tools 
  • 300+ CFD trading assets
  • Award-winning broker 

Cons:

  • No US traders are allowed to trade 
  • High swap fees

Is Brokereo Scam? Regulation

Brokereo is a financial service provider established under the name of NEO PREMIUM INVESTMENTS (NPI) LTD. The broker is authorised and regulated by Cyprus Securities and Exchange Commission (CySEC) with the license number 189/13. 

Moreover, the broker is also regulated by other financial authorities for high ethical standards of working. 

Brokereo 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 and safeguards the efficiency and integrity of the market. 

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

Brokereo Review: Trading Accounts

Brokereo trading accounts are unique and aid traders with an excellent market experience. Traders always want to have individuality in their trading; Brokereo fulfils this need of traders with Silver, Gold and Platinum accounts. The accounts are designed keeping traders in mind. 

Silver Account

It is an account for beginners wanting to invest in different trading products. The account is best suited for traders who wish to learn and start the trade with different instruments. The account provides an environment where traders can enjoy the Brokereo facilities. They have spreads and leverage aligned with traders. In addition, it offers traders features such as: 

  • Maximum forex leverage of 1:30 
  • Minimum spreads starting from 1.0
  • 300 plus CFD assets 
  • No swap discount 
  • 24/5 customer support 
  • News alerts and updates 
  • Hedging 
  • Fifth decimal
  • Maximum leverage for a professional account up to 1:200
  • Base currencies 
  • Zero commission 

Gold Account 

The account is specially designed for traders who understand the forex market and have achieved with their trading skills. It is to help these traders to polish their skills and have successful trading in the forex markets. It has many attractive features to make traders reach newer heights of victory. It has the following provisions for confident traders: 

  • Maximum leverage of 1:30 for retailers
  • Minimum spreads of 0.4
  • 300+ CFD assets 
  • Swap discount of 25% 
  • Hedging 
  • News alerts 
  • Fifth decimal 
  • A dedicated account manager 
  • Zero commission 
  • Professional account holders maximum leverage of 1:200 
  • Base currencies 

Platinum Account 

Platinum accounts are for professional and perfect traders of the forex market. An advanced account for futuristic traders. They can enjoy the trade with Brokereo’s facilities and amazing offers for such skilled traders: 

  • Maximum leverage of 1:30 for retail traders 
  • Minimum spreads of 0.3 
  • 300+ CFD trading assets 
  • Swap discount of 50% 
  • Dedicated account manager 
  • Hedging 
  • Fifth decimal 
  • News alerts
  • Base currencies 
  • 24/5 customer support 
  • Zero commission charge 
  • Maximum leverage of 1:200 for professional clients 

Professional Account

The account for pros of forex trading, a professional account of Brokereo is the most advanced. It offers some amazing features to ease the trade and experience a smooth forex trade. 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 have 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 velocity. 
  • A dedicated account manager guides 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 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 

The 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. 

Brokereo Review: Account Opening

The account opening with Brokereo is simple. The process would provide traders with an individual account to trade as per the requirements of the trader. Below listed are the steps: 

  • The first step for creating an account with Brokereo is to register. With the 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 that states that the client is above 18 years and has understood all the terms and conditions of Brokereo. Traders should tick mark that and one more declaration below with product updates. 
  • The account is created with a click on the button to create an account. 
  • 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, brokers can suggest clients with trading tips. 
  • The fourth step involves documents; the required documents are uploaded that the broker requires for trade online.
  •  The last step of the process is a deposit; the clients are required to deposit initial funds to start trade with the broker. 

Brokereo Review: Trading Platform

Brokereo offers clients the opportunity to trade with globally recognised trading platforms and tools. The traders have MetaTrader4, Webtrader and Mobile applications to enhance the forex trade. Here we will discuss the trading platforms and know what they have to offer and engage 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 at the Brokereo website and is used in laptops and computer systems. It is available for traders to execute instant orders, stop-loss/take profits, read charts and patterns, analyse the market, etc. With so many tools, traders can never go wrong with the predictions until a sudden fluctuation occurs. 

Functions of MT4: 

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

WebTrader

The platform 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 a click. 

Webtrader has the following functions: 

  • User-friendly interface 
  • Analysis with visualisation of market 
  • Easy market access
  • One tap control 
  • Optimised search 

Brokereo Review: Mobile Application 

The mobile trading application of Brokereo is a non-stop facility. Traders can use the mobile application with android and ios devices anytime. 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  

Brokereo Review: Trading Instruments

The trading instruments available with Brokereo are: 

  • CFD Trading 
  • Trading Cryptocurrencies CFDs 
  • Trading Commodities CFDs 
  • Trading Shares CFDs 
  • Trading Indices CFDs 
  • Trading Metals CFDs 
  • Trading Forex CFDs 
  • Future CFDs Calendar 

Brokereo Review: Commission and Spreads

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

Brokers have various spreads for the various 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. However, it may differ based on the base currency. 

Brokereo Review: Leverage

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

  • Silver account: Maximum leverage of 1:30 
  • Gold account: Maximum leverage of 1:30 
  • Platinum account: Maximum leverage of 1:30 
  • For professional accounts, the maximum leverage ratio is 1:200 of all account types

Brokereo Review: Deposit and Withdrawal

Brokereo has various options available for traders to deposit and withdraw funds. For the payment process, traders can use e-wallets, banks wire transfers and debit and credit cards. The deposit of funds is easy and is made within minutes. In contrast, the withdrawal of funds 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. 

Here are the methods that could be used for deposit and withdrawal of funds: 

  • Mastercard 
  • Maestro 
  • Skrill
  • NETELLER
  • VISA 
  • V PAY 

Brokereo Review: Education and Research

Brokereo has facilities of both education and research to enhance the knowledge of the traders. They can access the educational and research material through the website of the Brokereo. In addition, the broker provides videos, journals, articles, courses, webinars, e-books and courses for education. On the other hand, for research, it has an economic calendar, reports and market analysis. 

This facility would guide traders and keep their basic concepts of trading clear. In addition, Brokereo provides quality material to the clients for secure and transparent trade. 

Brokereo Review: Customer Support

Being a professional broker, Brokereo has the best and learned customer support system. It is available for traders in the forex market timings and even after with the form option. The traders can be in touch with the team whenever they need help or need answers to queries. It offers a reliable support system for traders, guiding both professionals and novices. 

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 name and email address with the message and subject of the query

Brokereo Review: Final Verdict

Brokereo is a new generation broker with all the facilities to trade online. It provides platforms like MetaTrader4, WebTrader, and Mobile application to facilitate traders. Besides, it has technical tools to predict the financial market. It is a useful broker with modern amenities with the trust of traders globally. The broker is young and has succeeded with its facilities and services to online traders. 

The broker also has various types of trading accounts along with Professional and Islamic Accounts facilities. In addition to all these, traders enjoy commission-free trade, easy payments, education and research and 24/5 customer support. 

Brokereo has taken trading to another level with all services that it renders. A broker with all the primary needs and facilities of traders. Thus, a recommendable broker should be traded with.

FAQ

The customer support team can be connected easily through a form, email, call and live chat. 

Brokereo offers the following trading assets: 

  • CFD Trading 
  • Trading Cryptocurrencies CFDs 
  • Trading Commodities CFDs 
  • Trading Shares CFDs 
  • Trading Indices CFDs 
  • Trading Metals CFDs 
  • Trading Forex CFDs 
  • Future CFDs Calendar 

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. Lastly, traders can deposit funds and start online trading.

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.

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

$250 is the minimum deposit

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