|Broker Type:||Forex, CFD|
|Operating since year:||2020|
|Address:||Pavlou Nirvana No 4, ALPHA TOWER, Office N 13, 3021 Limassol, Cyprus.|
|Broker status:||Active, Regulated|
|Availability:||Monday-Friday - 08:00 to 17:00 GMT|
|Trading platforms:||MT4, Mobile, Web|
|The Trading platform Time zone:||N/A|
|Other trading instruments:||N/A|
|Minimum deposit ($):||250|
Brokereo Review: The Broker of a New Generation
If you have been searching for the review that will help you make one of the most important decisions in your trading career – you came to the right place as our priority is to provide you with enough information to make the most calculated choice possible.
Brokereo Review: General Information
For starters, Brokereo is a new brokerage founded in 2020. It aims to deliver its customers a new trading reality. The trading company is the online broker of a new generation. It offers an abundance of instruments, price hikes, more than 300 CFDs on assets, sophisticated and modern Analytical Instruments.
Traders can choose from three account types; we’ll talk about them later in our review. Brokereo.com also offers clients to trade on more than 300+ financial CFD instruments covering Commodities, Cryptocurrencies, Indices, Shares, Metals, and Forex.
Brokereo Review: Is it a scam?
The domain www.brokereo.com is the name of Concorde Investments (Cyprus) Ltd, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). CySEC is a trustworthy regulator authority. Brokers registered in well-established jurisdictions like Cyprus undergo numerous check-ups to receive a license. CySEC is one of the best ways to guarantee the safety of the traders’ funds.
CySEC’s reputation speaks for itself, and the broker’s documentation was enough to say that overall, the broker is trustworthy.
If you are interested in diving into all of the details, you can search for the broker’s license on the CySEC’s official website. There you’ll find the broker’s information and license 189/13.
Brokereo: Review of Account Types
The broker prides itself in offering its clients unique trading accounts. Each account type offers exclusive spreads and features to fit traders’ market needs to the fullest. Now let’s take a look at all of the account types and their offerings.
Brokereo offers a thrilling trading experience for all of its clients.
SILVER – This account type is perfect if you are a beginner trader, and you want to feel the thrill of the financial market. With this account, you receive: Maximum forex leverage 1:30, spread 1.0, 300+ CFDs on assets, 24/5 support, News alerts, Fifth decimal, Hedging.
GOLD – A wonderful choice for already accomplished traders who have already achieved trading success. However, they want more. Here you’ll get maximum leverage 1:30 (for retails), spread 0.43, 00+ CFDs on assets, swap discount 25%, dedicated account manager, news alerts, fifth decimal, and hedging.
PLATINUM – This account type appeals to traders that have experience in trading but want more opportunities. Max FX leverage 1:30 (for retails), spread 0.3300+ CFDs on assets, Swap discount 50%, Dedicated account manager, News alerts, Fifth Decimal, and Hedging.
Account Opening Process
One thing that can be said about the account opening process on brokereo.com is simple. Brokereo offers a refreshingly quick registration and account opening process. In fact, registration takes almost no time at all. The broker also operates with the standard KYC (Know Your Customer) and AML (Anti Money Laundering) regulatory requirements.
As a new client, you must provide proof of your identity and address documents for verification. This can be done easily from the client portal section by uploading all the documents from your personal computer, laptop, or even mobile phone. In fact, opening an account takes three steps. The whole process is free of charge.
Step 1. – You have you fill out the registration form to create your account.
Step 2. – Afterwards, you will be offered to choose a payment method that suits you. Then you can fund your account in one click.
Step 3. – As a third step, you will have to make sure that the information is correct. After completing the third step, you will receive access to set off to the markets with supreme trading excellence.
However, there is also one more account type that might interest more sophisticated traders, known as the Pro Account type. The name speaks for itself. Brokereo Pro account is for professional CFD traders who could demonstrate significant trading experience and knowledge in trading and finance. Moreover, traders that wish to be treated as professional clients and are eligible for a professional account will not face the protective restrictions and limitations applicable to the retail traders.
Brokereo Review: Withdrawal and Deposit
Withdrawing and depositing your funds is an essential part when you are working with a broker company. Luckily, Brokereo has everything managed and ready.
Brokereo offers the ability to deposit funds via credit/debit card, Klarna, or bank wire transfer. In fact, traders can add or take out funds from the Brokereo broker using several options. The processing time for deposits takes up to 5 minutes. Meanwhile, withdrawals take up to five days. Compared to the broker’s competitors the speed is fast. Traders can request withdrawals online. However, withdrawing funds only occurs from the source. Additionally, withdrawals can be the same or smaller than the amount deposited by credit/debit card.
In fact, traders may also need to provide a copy/scan of bank/credit card statements to confirm beneficial owners.
The broker offers various available payment choices: Skrill, VISA, VPay, Mastercard, Maestro, SSL, Payvision, PaySafe, Trustly, Neteller, SafeCharge, MIR Limited, and Wirecard.
Brokereo Review: Tradable Products
The company provides users the ability to trade on more than 300+ financial instruments: currency pairs, shares, commodities, metals, cryptocurrencies, and indices.
Moreover, the broker doesn’t charge anything extra on executing trades with any product and earns only from spreads, i.e., the asking price minus the bid price.
Indices – AEX, DAX 30, Nasdaq 100, Nikkei 225, Crypto, BTCUSD, BTCEUR, etc.
Commodities – Brent Crude Oil, Cocoa, Cotton, Shares, etc.
Brokereo Review: Trading Platforms
Brokereo.com offers traders the ability to trade on the globally recognized MetaTrader4, Web Trader, and mobile platforms. It’s up to you to choose the one that you prefer. However, WebTrader and Mobile Trader are the prototypes of MT4.
Thus, a great advantage of Brokereo is that you can trade with it on your desktop, as well as your mobile device.
The Brokereo MetaTrader 4 Web platform is reachable via a web browser. Additionally, it requires no downloads. The platform has 3 chart types: +20 technical instruments and multiple asset classes, automatic stop loss/take profit functions, one-click trading option and 1-click account switching, different execution modes, history of orders, in-platform price alerts, real-time balance level, live chat, and support.
Brokereo Mobile Trading Platform
The MetaTrader 4 mobile trading app provides a range of different features, satisfying all brokers’ types, ranging from beginner to expert. Moreover, it allows traders to have their market in their pockets as they will always access the market. It is possible to install Mobile Trader on both iOS and Android devices.
Brokereo Review: Education
A broker must provide its clients with enough educational materials to develop their trading skills. It offers top-notch, quality educational content that fits everyone’s level of knowledge. Brokereo offers a large selection of educational materials that you can choose from.
The education material also includes the following:
- Videos on Demand (VoD)
- Wonderful eBooks
- Online courses
Brokereo offers customer support via email, telephone, and live chat.
Address: Pavlou Nirvana No 4, ALPHA TOWER, Office N 13, 3021 Limassol, Cyprus.
Please remember that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. It would be best to consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. In addition, please consider reading the full Risk Disclosure Statement presented on brokereo.com.
As a trader, do not be afraid of moving your profit forward; however, be mindful of the risk.
Brokereo Review: Should you trade with this broker?
After everything we have just discussed, Brokereo and it’s trading offerings, Brokereo is a wonderful option for traders of all experience. The broker is not a scam as it is regulated by one of the top tier regulatory authorities. In fact, the broker provides the ability to trade on the globally recognized MetaTrader 4 Web Trader trading platform.
Brokereo can definitely be considered a credible and trustworthy broker. And you should definitely think about trading with its exquisite and trusted trading platforms.