Brokereo review

More information about the broker(text provided by the company representative)

Brokereo is a CFD broker trading in over 300 assets, including Cryptocurrencies, Metals, Commodities, Stocks, etc. Cyprus-based  . Also, it is licensed by CySEC, Cyprus’s Securities and Exchange Commission, to do business as a legitimate CFD broker.

Brokereo’s trading platform has over 20 analytical tools with cross-platform trading features. Also, it offers leverage positions as high up to 1:500 for professional clients with a very minimal spread of 0.03 pips for professional traders and a low-risk leveraging position of up to 1:30 for retail or beginner traders.

Besides, traders enjoy access to free, high-quality educational materials, advanced trading tools, indicators, and resources for making accurate market analysis.

How To Get Started On Brokereo

Creating a Brokereo trading account can be done in three simple steps:

1. Fill in your details.
2. Upload an identity and an address verification document. In this case, a driving license or international Passport will suffice as an identity verification document. At the same time, a utility bill bearing your address will be ideal as an address verification document.
3. Deposit into your trading account.

In Brokereo you have the possibility to   open a demo account with an unlimited demo balance to practice and perfect your trading skills by practicing trading any CFD of choice.

To open or migrate to a professional account, a trader will have to meet up specific criteria, including having a broad portfolio and proof that he/she can manage such accounts.

Accepted Countries

Traders   are welcomed to open an account and trade with Brokereo. However, traders from the US, Canada, and few African countries are restricted from trading with Brokereo.

Deposit And Withdrawals

Brokereo offers the following payment deposit and withdrawal options: wire transfer, Mastercard, Maestro, VPay, Visa, Skrill, and Neteller. Deposits into trading accounts are instant with no charges as commission. Withdrawals processes from our side will take 24 hours  All withdrawals submitted on or before 10:00 a.m will be processed on the same business day.

Payment deposits and withdrawal from Brokereo trading accounts are fast, simple, and secured with SSL encryption protocol, making transactions on the Brokereo platform highly secured.

Trading Platforms

WebTrader: Brokereo’s web trader is accessible via any browser of choice. With the webtrader, traders can access  many different tools and indicators, three types of chart patterns, and 9 timeframes for more accurate trend analysis and market prediction. Brokereo’s WebTrader facilitates cross-platform integration; hence, traders can integrate tools and indicators from third-party platforms such as the MQL4 community.

Mobile Trader: Mobile Trader is Brokereo’s trading app available in desktop and mobile versions. The trading app is a prototype of the MetaTrader 4  trading platform. It offers traders an abundance of tools and features such as trading bots, different chart patterns, technical indicators, drawing tools, etc. Brokereo’s mobile trader is available for download from Google PlayStore, and iTunes store.

MetaTrader4: Brokereo is also available on the MetaTrader4 platform. Thus traders can enjoy MT4’s rich array of tools, indicators, and other features for a robust trading session by logging in on the MT4 platform with their account details and password.

Leverage

Brokereo offers two leverage types, which include:

1. Retail up to 1:30: This is a low-risk leverage position for beginners or inexperienced traders. This position minimizes the trading risks that such a class of traders might encounter while also allowing them to make tidy sums as profit.
2. Professional up to 1:500: Professional traders can enjoy leverage positions between 1:100 up to 1:500. Although this is a high-risk position, professional traders can manage and minimize trading risks. As such, they enjoy the profitability of trading with high-risk leverage.

Trading Accounts

Brokereo offers its traders three account options:

Silver account

Features of Silver account

• Deposit: 250 EUR
• Spreads: 1.0
• Platforms: WebTrader, Mobile Trader, MT4
• Commission: 0 EUR
• Leverage: up to 1:30
• Tradable assets: 300+
• Swap discount: None
• Automated Trading: Yes
• Islamic account: Yes

Gold account

Features of Gold Account

• Deposit: 250 EUR
• Spreads: 0.4
• Platforms: WebTrader, Mobile Trader, MT4
• Commission: 0 USD
• Leverage: up to 1:30 retail; up to 1:400/500 Professional
• Tradable assets: 300+
• Swap discount: 25%
• Automated Trading: Yes
• Islamic account: Yes

Platinum account

Features of Platinum Account

• Deposit: 250EUR
• Spreads: 0.3
• Platforms: WebTrader, Mobile Trader, MT4
• Commission: 0 EUR
• Leverage: up to 1:30 retail; up to 1:400/500 Professional
• Tradable assets: 300+
• Swap discount: 50%
• Automated Trading: Yes
• Islamic account: Yes

Brokereo Fees

Brokereo fees are in the form of very low spreads and overnight swaps. Additionally, traders operating a Gold or Platinum account get 25% or 50% swap discounts.

Traders will have to pay non-inactivity fees ranging from 80€ to 500€ if their accounts are left dormant with no trading activity for  61 days and more. For more information you can have a look on the below table.

Traded Assets

• Forex, e.g., EUR/USD, GBP/USD, AUD/CAD, CHF/JPY, EUR/NZD, GBP/AUD, USD/INR, etc.
• Commodities: Natural Gas, Brent Crude, Cocoa, Cotton, etc.
• Shares: Adobe, Alibaba, Amazon, 3M, etc.
• Indices: AEX, DAX 30, Nasdaq 100, Nikkei 225, etc.
• Cryptocurrencies: BTC/USD, BTC/EUR, ETH/USD, LTC/EUR, etc.
• Metals: Gold, Platinum, Silver, etc.

Customer Support

Brokereo’s customer support team is always available on a 24/5 basis, i.e., Mondays to Fridays08:00 to 17:00 GMT and they are polite and rational when resolving customers’ complaints.

Nevertheless, Brokereo traders and non-traders can contact Brokereo’s customer support team for solutions and inquiries via:

• Email support: support@Brokereo.com
• Phone call: +448000318430
• Live chat
• Feedback form

Is Brokereo A Scam?

Brokereo is a dependable CFD broker with a legitimate CySEC license. Therefore, you can trust Brokereo with your money. Additionally, Brokereo uses bank-grade encryption protocols to ensure that all traders enjoy a safe and secure transaction on its platform.

Conclusion

Brokereo is a versatile platform for trading CFDs. CySEC regulates it, and it charges no commission on trading activities. Traders can trade in over 300 CFD instruments via Brokereo’s webtrader, mobile app, or the MT4 platform.