Brokereo Review 2021: the new arena for trading
Index
Introduction
Brokereo is a Republic of Cyprus headquartered trading website and offers CFD investment services & products. The firm operates under the license of CySEC (Cyprus Securities & Exchange Commission) with regulation number 189/13. Further, the firm is a member of several other governing bodies like EU, MiFID, ICF, etc. too and is registered at address – Pavlou Nirvana No 4, ALPHA TOWER, Office N 13, 3021 Limassol, Cyprus. The minimum deposit is $250, and the firm doesn’t provide any bonus or promotional offers, as restricted by the EU.
Some other features include easy account opening process, free demo account, high tech safety, and excellent customer service.
Here, in this article, we’ll present the Brokereo broker review, including all the details like regulations, advantages, disadvantages, platforms, products, and many more.
Summary
Basic details, trading charges and features of Brokereo in brief:
Essential points about Brokereo:
- Headquarters: Pavlou Nirvana No 4, ALPHA TOWER, Office N 13, 3021 Limassol, Cyprus. Regulated by an authentic and legal authority, the Cyprus Securities and Exchange Commission (CySEC).
- The licence number of the firm: 189/13
Charges and commission fee of Brokereo:
- The maximum leverage offered: 1:500
- Minimum deposit: 250 USD
- Commission of trade: Zero
- Spreads starting from 0.03 pips
- Bonus: Not applicable
Trading features of Brokereo:
- Licences: The Cyprus Securities and Exchange Commission
- Ultra-fast execution speeds
- 60 technical indicators
- Web Trader
- Mobile Trader
- More than 350 tradable asset
- Negative balance protection
- Account segregation
- Instant execution on just one click
- Customer compensation fund
Brokereo Account Types:
The firm offers three major account types, i.e. Silver, Gold, and Platinum. The services vary for every account and depend significantly upon the trader level, i.e. advance or beginners. Some of the features from accounts are:
Silver Account
- Min. Deposit: 250 USD
- Commission: 0 USD
- Tradable assets: 350+
- Execution Type: Market
- Hedging
- Min. Spreads: 0.07 pips
- Max. Leverage: 1:30
- Automated Trading: Yes
- Platforms: Web Trader, Mobile Trader
Gold Account
- Free VPS
- Fifth decimal
- Swap discount (up to 25%)
- Min. Deposit: 250 USD
- Commission: 0 USD
- Tradable assets: 350+
- Execution Type: Market
- Hedging
- Min. Spreads: 0.07 pips
- Max. Leverage: 1:30
- Automated Trading: Yes
- Platforms: Web Trader, Mobile Trader
- Dedicated Account Manager
Platinum 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
- Automated Trading: Yes
- Platforms: Web Trader, Mobile Trader
Brokereo Trading Platforms
The organisation offers two trading platforms for investment, namely mobile app and web trader. Both the platforms provide the same services, but the mobile trading app is accessible easily from anywhere and both aid the investors in making better investment decisions, such as good entry/exit points.
For reference, the services offered by the platforms are:
- Multiple chart windows to compare various assets
- 1-click account switching
- Inherent platform support
- Automatic Stop Loss/Take Profit functions
- Free educational hub
- Different execution modes
- Live chat and dedicated support
- History of orders
- Real-time balance level
- In-platform price alerts
- One-click trading option
Brokereo Deposit & Withdrawals
The Brokereo trading website gives all the customers several payment options. All the methods are free, and no charge applies to deposits. Withdrawals are also not subject to charges, but in some cases, the firm might charge a penalty. For instance, if the trader has not made more than two transactions and intends to withdraw funds, then there is a fee. Similarly, if the withdrawal amount is less than $100, then there might be some fee for processing. The transaction time is 2-4 days for withdrawals and 10-15 minutes for adding funds, after verification.
Here are the top payment options with Brokereo:
- Skrill
- Neteller
- SafeCharge
- MIR Limited
- Wirecard
- SSL
- Payvision
- Trustly
- PaySafe
- VISA
- VPay
- Mastercard
- Maestro
Brokereo Commission & Fee
The venture provides competitive spreads, charges, and zero commission on trades. There are no fixed spreads, and it keeps varying depending on factors like account type and asset.
Besides, there might be overnight swap charges, inactivity fees, and some withdrawal penalty in some cases. Inactivity fee applies when an investor doesn’t trade continuously for more than 60 days. All the charges are mentioned on the Brokereo website and were at par with industry standards.
Brokereo Trading Assets
The brokerage website offers more than 350 trading instruments through a complex financial derivative tool. The list of assets includes products from shares, crypto, currencies, commodities, metals, indices, and more. The leverage and spreads vary on each type, but spreads are usually lower than the industry average. Here are some details about the top financial instruments offered by Brokereo:
Currency Pairs
| Symbol | Description | Trading Hours | Spreads (Starting From) | Leverage (Maximum) |
|---|---|---|---|---|
| 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 |
| AUDUS | Australian Dollar vs US Dollar | 24H | 1.1 | 500 |
Cryptocurrencies
| Symbol | Description | Trading Hours | Spreads (Starting From) | Leverage (Maximum) |
|---|---|---|---|---|
| ADAUSD | Crypto | 00:00-23:59 | floating | 1:2 |
| BABUSD | Crypto | 00:00-23:59 | floating | 1:2 |
| BSVUSD | Crypto | 00:00-23:59 | floating | 1:2 |
| BTCEUR | Crypto | 00:00-23:59 | floating | 1:2 |
Commodities
| Symbol | Description | Trading Hours | Spreads (Starting From) | Leverage (Maximum) |
|---|---|---|---|---|
| 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
| Symbol | Description | Trading Hours | Spreads (Starting From) | Leverage (Maximum) |
|---|---|---|---|---|
| 3M | 3M Company. NYSE (USA) | 16:30-23:00 | 0.21 | 50 |
| ADOBE | Adobe Systems Incorporated, | 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
| Symbol | Description | Trading Hours | Spreads (Starting From) | Leverage (Maximum) |
|---|---|---|---|---|
| CAC40 | 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 | 0.21 | 50 |
| DAX30 | DAX 30 Index Future (Eurex) | 09:00 – 23:00 | 0.21 | 50 |
Metals
| Symbol | Description | Trading Hours | Spreads (Starting From) | Leverage (Maximum) |
|---|---|---|---|---|
| XAGUSD | Silver vs US Dollar | 01:00 – 24:00 | 0.037 | 10 |
| XAUUSD | Gold vs US Dolla | 01:00 – 24:00 | 0.37 | 20 |
| PALLADIUM | Palladium (USD) | 01:00 – 24:00 | 0.58 | 10 |
| PLATINUM | Platinum (USD) | 01:00 – 24:003.1 | 3.1 | 10 |
Note that the company does not charge any cost or fee on executing trades and solely profits from spreads.
Brokereo Customer Support
The trading website provides the clients with robust customer service, which is above average than industry standards. Notably, the executives from the firm were intelligent and logical while resolving queries in addition to being polite. You can connect with the team from Monday to Friday, 07:00 to 17:00 GMT. The average response time was less than two minutes and shows that the firm utterly understands that customer satisfaction is the key to filling client requirements.
Here are the methods to contact Brokereo:
- Email support: support@Brokereo.com
- Phone call: +448000318430
- Live chat support on the website
Apart from these, one can also fill the feedback form or search for the answers of common questions in their FAQ (frequently asked questions) section.
Brokereo Education
The trading website has a different dedicated education portal which offers exclusive learning material. The content is suitable for both beginners & advanced level traders and aids in building knowledge and skill set. Every section is segregated as per the type of content, and the UI is easy to understand and use.
Here are some details about the education portal of Brokereo:
- Videos: Long and short videos to explain topics briefly
- Webinars: Online webinars to conduct workshops by investing experts.
- Seminars: Offline workshops by finance analysts
- E-books: Books covering all the significant topics fully
- Courses: Segregated courses for advance, intermedia, and beginner level investors
- Articles: Journals, write-ups, and blogs on relevant & trending titles.
Brokereo Research
The CFD trading website provides several research tools for aiding the users to make better investment decisions. The research portal includes economic calendar, earnings calendar, report season, market news, sentiment analysis, and many more other things. The tool aids in predicting better prices, avoiding unnecessary losses or noises, and better entry/exit points. Here are some details about top Brokereo research tools:
Economic Calendar: The tool lists down all the prominent events related to finance, trading, or investment. It includes the date, name, place, and timings of the event. The calendar upgrades every three months.
Earnings Calendar: This research tool reports all the future dates of prominent firms, which are scheduled to release their financial reports in upcoming times. It includes significant data like earnings, quarterly reports, revenue, balance sheet, cash flow, and many more. Note that the data is presented for some top organisations of the world like Google, Apple, Microsoft, etc.
News: It includes all the news related to the world of finance in one place. The news section is updated daily to get the traders to access new prominent information.
Sentiment Analysis: Here, the experts and financial analysts’ present the views and opinions on noises created by sentiments of novice traders.
Account Opening
You might be wondering how to open an online trading account with Brokereo. The steps for opening an account with the broker is simple and quick. It just requires three key steps after which you will receive a full-fledged online trading account:
- Visit the website of the broker and click on the signup tab. Once you click the tab, it will open a registration form for you. You have to fill the form with some basic information which includes the date of birth, full name, mobile number and information related to your profession.
- The next step in this process is uploading the essential documents for the verification process. These documents are for verifying that the information provided in step one is authentic or not.
- The last step is choosing the asset and market you wish to trade in and depositing the required money for opening the trade position.
So, the Brokereo Review 2020 clearly shows how beneficial and affordable the accounts are. Along with the benefits, the process of opening the account is also simple.
Leverage
Trading with the Brokero will enable you to harvest the most profit out of the financial market. It is entirely profitable opening the account with the broker. The maximum amount of leverage offered by the broker is 1:30, but it is for retail clients. However, for the professional clients, this leverage value surges to 1:500, thus by allowing you to enhance your trading capital size to some extent.
Along with the leverage, the execution policy of the broker is also beneficial. With the financial market execution mode, one can easily place new orders without any vital slippage between the market prices. It allows more narrow spreads and hence, helps you to manage and maintain the significant amount of profit.
Is Brokereo safe?
Another important factor while selecting the broker is the safety of funds, trading information and personal details. Always remember that nothing is greater than financial safety in the market.
Brokereo keeps your safety first on its priority list. It is a well-regulated and trusted brokerage firm which works under the guidelines of the Cyprus Securities and Exchange Commission. It is the well-known authentic regulatory authority which keeps an eye and monitors every activity of traders. The license of CySEC is one of the most stringent and legitimate regulatory proofs in the financial market.
So, from this, it is clear that Brokereo is not a scam. The CySEC licence assures that the firm does not involve in any illegal activities. The deposit and withdrawal which you make are secured with the SSL security technique.
Security of your funds with Brokereo
Along with the points mentioned above the broker assures safety and provides a robust protection to your funds. The brokers offer three different features on their official website for providing financial security to its clients. These are:
- Customer compensation fund: This function guarantees your funds or capital in the situation of financial hardship. It means that Brokereo provides you with the compensation amount in case anything happens to the firm.
- Negative balance protection: It protects you from the disastrous losses when you trade on leverage. The points your account balance becomes zero; it will close your trading position automatically.
- Account segregation: To keep your account balance and deposits on two separate bank accounts that are away from the broker’s funds. It assures that the broker would not utilise your capital for its personal use.
The following Brokereo Review 2020 proves that you are entirely secure with the broker.
Pros and Cons
- Advance platforms such as Web Trader and Mobile apps.
- CySEC regulation
- SSL protection
- Negative balance protection
- Account segregation
- Customer compensation fund
- High leverage up to 1:500 on professional accounts whereas 1:30 on retail accounts such as gold account, silver account and platinum account.
- More than 60 technical indicators
- More than 350 tradable assets available for trading. Thus helping the trader to diversify their portfolio.
- Simple account opening process
Cons
- Meta Trader 5 not available
- High swap charges
Bottom Line
The Brokereo Review 2020 presented a clear idea about the broker and its services. The firm is legit, trustworthy and well-regulated, providing all the features to make you trading easy going. Visit the site of the broker for opening the trading account and enjoy the great trading experience with the market leader.
Click here for registration in Brokereo
