Brokereo

Brokereo

Brokereo is a leading forex broker that started its operations in Cyprus and provided investment products & services. The...
  • 250

    Min Deposit

  • 0.03

    Min Spread

  • 2020

    year

  • 1K

    Customer

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Overall Ratings

5

0 Ratings & 0 Reviews

Satisfaction
Assests
Margin Money
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A Brief History

Brokereo is a leading forex broker that started its operations in Cyprus and provided investment products & services. The firm offers complex financial derivatives trading on shares, crypto, commodities, metals, indices, and currency pairs. Also, there is no commission on trades, and the site offers several payment methods at zero charges.

Furthermore, some of the other top features by Brokereo are high margin, good customer support, excellent education material, an impressive research library, and top-notch regulations.

Here, we’ll read the complete Brokereo review, which would list topics like best features, trading tools and products, details, customer service, account opening process, etc. This article reviews the complete personality of the broker, inclusive of all aspects.

Table of Content

Scam or Safe

Account Types

Trading Platforms

Trading Products

Payment Source

Commission and fee

Leverage

Research Tools

Customer Service

Education

Advantages

Features and facts about Brokereo

– Headquarters: Pavlou Nirvana No 4, ALPHA TOWER, Office N 13, 3021 Limassol, Cyprus.

– Registration and Regulation: Cyprus ltd (Cyprus Securities and Exchange Commission – CySec)

– Minimum Deposit: 250 dollars

– Demo account: Yes

– Trading instruments: CFDs, forex, cryptocurrencies, commodities, shares, indices, metals, and more.

– Trading Platforms: Mobile trader trading app, desktop and web trading via MT4.

– Deposits and withdrawal methods: Wire transfer, Visa, MasterCard, Skrill, Neteller, and more.

Brokereo Scam or Safe?

Brokereo is a safe trading broker and operates under the Concorde Investments Cyprus Ltd, a republic of Cyprus registered organisation.

The organisation is headquartered at Pavlou Nirvana No 4, ALPHA TOWER, Office N 13, 3021 Limassol, Cyprus. The firm bears a license from CySEC (Cyprus Securities and Exchange Limited), having license number 189/13.

The trading venture is also a participant of Investor Compensation Funds, a financial institution governing body that provides insurance to client funds up to 20,000 euros.

Is Brokereo Legit?

Brokereo is a legitimate broker who ensures the safety of transactions and data. Therefore, many safety features like Secure Sockets Layer (SSL), Firewalls, etc., are imbibed for the utter safety and transparency of trade. Therefore, we can say that Brokereo is a legit brokerage firm.

Furthermore, Brokereo also follows several other top authorities like EU, MiFID and obeys policies like no negative balance protection and account segregation in top national banks.

Brokereo Review: Account Types

Broker offers three account types: gold, silver, and platinum, where all of them provide different services. Additionally, One Islamic, a free demo account, and one professional account are also available. So, below are some of the top traits from each account type:

Brokereo Silver trading account

– Min. Deposit: 250 USD

– Commission: 0 USD

– Tradable assets: 350+

– Execution Type: Market

– Hedging

– Min. Spreads: 0.07 pips

– Max. Leverage: 1:30 (Retail Account)

– Automated Trading: Yes

– Platforms: WebTrader, Mobile Trader via MetaTrader 4

Brokereo Gold trading account

– Fifth decimal

– Dedicated Account Manager

– Swap discount (up to 25%)

– Min. Deposit: 250 USD

– Commission: 0 USD

– Tradable assets: 350+

– Execution Type: Market

– Hedging

– Min. Spreads: 0.05 pips

– Max. Leverage: 1:30 (Retail Account)

– Max Leverage: 1:400/500 (Professional Account)

– Automated Trading: Yes

– Platforms: WebTrader, Mobile Trader via MetaTrader 4

Brokereo Platinum trading account

– Free VPS

– Fifth decimal

– News Alerts

– Dedicated Account Manager

– Swap discount (up to 50%)

– Min. Deposit: 250 USD

– Commission: 0 USD

– Tradable assets: 350+

– Execution Type: Market

– Hedging

– Min. Spreads: 0.07 pips

– Max. Leverage: 1:30 (Retail Account)

– Max Leverage: 1:400/500 (Professional Account)

– Automated Trading: Yes

– Platforms: WebTrader, Mobile Trader via MetaTrader 4

Demo Account Type

Meanwhile, the broker offers a free demo account for traders to practice their trading tools, skills and trading strategies before entering the live trading markets. Hence, this is one way not to lose money when trading as you have already gained some expertise and learned from your mistakes. Therefore, there is no high risk of losing money.

Brokereo Trading Platform: MetaTrader 4

Broker offers the widely used MetaTrader 4 trading platform, which a well-known Russian software development firm develops. For instance, mobile trading by broker offers flexibility to trade from where and at any time. This way, one never misses out on markets as well as profits. The tabs and features are well structured and categorised neatly to facilitate easy and effortless navigation. Above, the platform is available to use via the mobile trading app, desktop, and Web Trader versions and includes the following features:

– Multiple chart windows to compare various assets

– Automatic Stop Loss/Take Profit functions

-Low Risk Trading

– 1-click account switching

– Inherent platform support

– Live chat and dedicated support

– Free educational hub

– Different execution modes

– History of orders

– In-platform price alerts

– Real-time balance level

– One-click trading option

Brokereo Review: Trading Products

The brokerage firm propounds trading in all market types and asset classes, including shares, cryptocurrencies, commodities, currency pairs, metals, and indices. Furthermore, there is no cost to trading assets, and the company earns only through their tight spreads. So, the leverage, spreads, and other services for each asset varies in every product, details on top of which are here:

Symbol Description Trading Hours Spreads (Starting From) Leverage (Maximum)
Currency Pairs
EURUSD Euro vs US Dollar 24H 0.7 500
GBPUSD Great Britain Pound vs US Dollar 24H 1.3 500
USDJPY US Dollar vs Japanese Yen 24H 0.8 500
AUDUSD Australian Dollar vs US Dollar 24H 1.1 500
Cryptocurrencies
ADAUSD Cryptos 00:00-23:59 Floating 1:2
BABUSD Cryptos 00:00-23:59 Floating 1:2 
BSVUSD Cryptos 00:00-23:59 Floating 1:2
BTCEUR Cryptos 00:00-23:59 Floating 1:2
Commodities
Brent Oil Brent Crude Oil (ICE-EUR) 03:00 – 01:00 0.03 125
Cocoa Cocoa (ICE-US) 11:45 – 20:30 30 125
Coffee Coffee (ICE-US) 11:25 – 20:30 0.3 125
Copper Copper (CME) 01:00 – 00:15 0.0041 125
Shares
3M 3M Company. NYSE (USA) 16:30-23:00 0.21 50
ADOBE Adobe Systems Incorporated, NYSE(USA) 16:30-23:00 0.21 50
AIG American International Group Inc. NYSE (USA) 16:30-23:00 0.21 50
Alcoa Alcoa Inc. NYSE (USA) 16:30-23:00 0.21 50
Indices
CAC 40 CAC 40 Index Future (Euronext)  09:00 – 23:00 1.45 20
China Enterprise 40 China H-Shares Index Futures (HKE) 04:15 – 07:00 & 08:00 – 11:25 1.3 10
DAX 30 DAX 30 Index Future (Eurex)  09:00 – 23:00 1 20
Metals 
XAGUSD Silver vs US Dollar 01:00 – 24:00 0.037 10
XAUUSD Gold vs US Dollar 01:00 – 24:00 0.37 20
PALLADIUM Palladium (USD) 01:00 – 24:00 0.58 10
PLATINUM Platinum (USD) 01:00 – 24:00 3.1 10

Payment Options: Funding source by Brokereo

The Cyprus-based firm presents many deposit and withdrawal options contents bank transfers, E-wallets, and debit/credit cards. Additionally, the processing time is fast, with withdrawals taking around 2-4 working days and deposits being instant. The procedure is straightforward and includes the following options:

1. Skrill

2. Neteller

3. SSL

4. PaySafe

5. VISA

6. VPay

7. Mastercard

8. Maestro

9.Credit debit card

10.Bank Transfer

Also, there are more than five base currencies to add or withdraw funds.

Brokereo Review: Commission and fee

The minimum deposit of the broker is as low as 250 dollars. Also, there are no commissions charged by Broker. In contrast, the broker makes money via spreads, rollover fee, and inactivity fee. Spreads are as low as 0.01 per lot while trading CFDs with Broker. In addition, the broker also charges swaps, but discounts are available in various trading accounts.

Leverage 

The highest margin that Broker offers is 1:500, but it keeps varying in account types and assets. Furthermore, the maximum leverage for retail traders is 1:30. Therefore, even with small trading capital, you can open large trading positions with substantial leverage with the broker.

Research Tools

Research and trading tools play an important part in the trading world as they help you make the most profitable decisions by finding the exact exit and entry points.

In fact, the research part that the broker offers includes the earnings calendar, economic calendar, report session, news, sentiments, analysis, etc. Additionally, the research section is updated every three months to get the users updated information. Note that the tools are helpful for investors in making profitable trading decisions.

Firstly, the Earnings calendar posts the financial statements of top companies globally, including Google, Apple, Microsoft, Facebook, etc.

Secondly, the Economic calendar reports information about critical future events related to financing.

Brokereo Review: Customer Service

The firm provides an excellent customer support team from Monday to Friday, 07:00 to 17:00 GMT. Note that the response time was less than two minutes, and the responding executives were rational and logical, and polite while resolving queries. Moreover, there is also one dedicated FAQs page to answer the common questions. Good customer service is vital for smooth trading conditions.

The top methods to connect with the broker are:

1. Email support: [email protected]

2. Phone call: +448000318430

3. Live chat support on the website.

Additionally, feedback form for problems for resolved

Education

Education is an important part of the trading process. Traders who are well-versed in the market theory tend to well in formulating theory and applying it practically. Also, education material rendered by the broker is regularly updated to serve the true purpose.

The firm’s education portal includes the following sections: 

– Videos

– E-books

– Articles

-Blog Posts

– Courses

– Tutorials

– Webinars

– Seminars

On the whole, The material aids in enhancing the knowledge and trading information of customers and, thus, the trading power. Note that the content is suitable for both beginners and advanced level traders both.  Also, the broker sorts out the education material according to the trading levels of the traders.

Advantages of trading with Brokereo

– Broker provides top-class trading platforms, tools, and indicators

– Regulation and registration by Cyprus ltd or CySec are given to the broker.

– Additionally, low minimum deposit and commission-free trading is rendered by broker.

– A wide range of trading instruments is available with Broker.

– The broker provides the MetaTrader 4 trading platform.

-Cross Trading Platform

– CFDs are available for all products, including cryptocurrencies with the broker.

– Furthermore, a wide range of withdrawal and payment deposit methods are provided by Broker.

– Also, an easy step-by-step process for account opening is rendered by the broker.

Conclusion

This was the Brokereo review that includes all the major features and pros, cons, and regulations. For those who are still confused, giving a try to the firm’s free demo service would be of great help. Furthermore, the demo will aid the users in practicing real trades as well as trying broker features. Also, Trading with broker does not include any high risk of losing money when trading CFDs. On the whole, Brokereo is one of the best forex brokers in the league.

FAQs

How Retail Investor Accounts Lose Money?

Retail Investor accounts lose money only when market players trade carelessly.

Pros

Cons

Costs & Fees
5

The trading venture charges zero commission and some fee on extra services like swap overnight, early withdrawals, etc. Apart from spreads, there is no fee on depositing, withdrawing, trading, or any other service, but if a customer doesn’t trade continuously for two months, then there is an inactivity fee.

Also, in cases of taking out funds requests before executing two trading orders, a penalty of $50 is applicable.

Frequently Asked Questions

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  1. Daniel

    It's a regulated broker, with lots of decent offers. Customer support is also exceptional.
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  2. Sven

    The speed of depositing and withdrawing funds is good, the platform is simple to use. At Brokereo trading is simple and effective.
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    Broker Charges
  3. Kyle

    I'm happy with Brokereo, the quality of services is really cool, the execution of withdrawals is quite fast.
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  4. Thomas

    Brokereo has great pricing and decent trading conditions, never had issues with them.
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  5. Megan

    I've discovered Brokereo quite recently but so far it's been a great broker, easy withdrawals. I'll see how it goes and leave an additional review later, by now it's been a trustworthy company.
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  6. Levi

    Highly professional services, support staff is very positive and helpful indeed.
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  7. Gerard

    Very flexible spreads, good leverage. I also like the communication with Brokereo support team.
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  8. Fons

    Excellent broker, order execution is very fast. I've never experienced any slippages, everything is great so far.
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  9. Steve

    Trustworthy brokers, really transparent, with no hidden fees or charges and quick withdrawals.
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  10. Peter

    Decent spreads and leverage, fast trading platform, a lot of useful information on the website, good broker overall.
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  11. Finn

    At first sight Brokereo is a typical brokerage company, but it has numerous significant advantages. The broker offers very tight spreads, multiple assets to trade and commission free trading.
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  12. Alex

    I appreciate this broker for the fast support, instant withdrawals and tightest spreads ever.
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  13. Jeremiah

    Brokereo is one of the efficient brokers out there with good trading conditions and fast customer service. I give 5 stars for all its aspects.
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  14. Miles

    I'm completely satisfied with the quality of services, trading conditions, withdrawals, and platform. Highly recommend!
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  15. Jack

    Reliable broker, nice services. Trading conditions are great.
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  16. Leonard

    I've only made small deposits by now so my profits are not that huge, but they were really consistent and withdrawals were quick. So I might start taking it all more seriously because Brokereo really earned my trust.
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  17. Arthur

    I'm pretty satisfied wit the broker's services. The broker has the best technical support and the most favourable trading conditions.
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  18. Rafael

    Great broker with fast withdrawals. Depositing is simple. Also, I've noticed that deposit amount is not high compared to some other brokers.
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  19. Joe Davis

    Brokereo offers a really impressive selections of CFDs. I've started trading different assets, because the broker provides good leverage and spreads for all of them. Also, Brokereo educational content is great!
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  20. Eric

    Based on my positive experience with Brokereo, I am giving the highs rate on all parameters. Asset selection is really huge, leverage size is good and allows to trade effectively. Spreads are rather tight and there are no additional commissions. All this deserves five stars.
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