It is the latest broker in the market that has been providing services since 2020. Brokereo is the operating name of Concorde Investments Limited, and it is regulated by the Cyprus Securities and Exchange Commission (CySEC). The brokerage company offers 300+ CFDs instruments on various assets like cryptocurrencies, commodities, forex, metals and stocks. The broker generally offers three trading accounts to the investor such as silver, gold and platinum.
The brokerage giant also provides customer support services to traders from Monday to Friday, 8.00 to 17.00 GMT. The head office of the Brokereo is located at Pavlou Nirvana no 4, Alpha Tower, Office NO 13, 3021 Limassol, Cyprus.
Before starting trading with Brokereo, a trader has to deposit the minimum amount of $250 into the trading account.
The tradable assets of the Brokereo are:
- Forex: 45+ CFDs currency pairs.
- Cryptocurrency: 30+ assets for trading
- Stocks: 60+ CFDs on stock
- Commodity: 15+ commodities available for trade.
- Indices:15+ more major world indices
- Metals: the trader has only invested on the top level of metals.
How to open an account with Brokereo?
The brokerage company offers five types of trading accounts to traders because every trader needs different types of trading accounts. It depends on the trader’s plan and goal. All accounts of the Brokereo give the best features and services to traders. After selecting the account, the trader has to deposit the minimum amount of money that is $250.
This is the procedure to open an account with Brokereo:
- In the first step, a trader has to fill the application form under Brokereo www.brokereo.com in which all the details related to the trading account holders such as name, age, address, country, etc. (when you fill the form, all the information should be correct, it cannot be changed in the future).
- After submitting the form, an investor has to answer the questionnaire related to the trading plan and goals.
- It is the essential process in which the investor has to verify the document with the help of the government ID card (through this process, the investor proved their identity).
- While opening a trading account, the investor chooses a payment method for transactions such as Credit Card, Neteller, Skrill, Webmoney, Wire Transfer.
- Lastly, the investor has to deposit the initial amount of money into the trading account that is $250.
These are the trading account that is offered by the Brokereo:
- Demo account
- Islamic account
- Silver account
- Gold account
- Platinum account
The brokerage company provides MetaTrader 4 platform for trading. All the trading accounts of the Brokereo have unique features and services for traders. The investor chooses the trading account on the basis of their trading plan and goals. The difference between the trading accounts is a little bit in terms of services and features.
The platinum account holder of the Brokereo has all the types of services and features rare in all the brokers. Before starting trading in the market, the newcomers have to practice trading on the demo account then invest the actual money into the trading.
How to get a demo account with Brokereo?
The brokerage giants offer demo accounts for beginners in the market with all the features and services. A demo account is essential for beginners to understand forex trading on an advanced level. In simple words, it is very helpful to learn forex trading in a better way.
The demo account is completely the same as a real trading account. With the help of this, the investor knows all the basic rules and regulations which are essential while trading.
In which the trader uses the different types of forex strategy according to their plan and goal, the investor selects the strategy for the actual trading.
These are the main powers of the demo account:
- An investor should understand the market terminology related to forex trading because it helps make a strong decision.
- The main advantage of the demo account is in which the investor uses fake currency for trading.
- In a demo account, the investor uses various types of trading strategy. It depends on the investor which trading style is suitable.
- In the demo account, the trader has no stress in real life because the money which is using is fake.
- There is no difference between the demo account or the real account except currency.
According to the market experts, the demo account is very useful before investing actual money in trading. After gaining knowledge of the market, the investor knows all things that how to make wealth with real money. The brokerage giants always give the demo account with all the tools and indicators which are the same on the real account.
How to use charts with Brokereo?
Brokereo offers various types of charts, tools and indicators for traders.
MetaTrader 4
- Toolbar: The main function of the toolbar is to give the shortcut option to the traders; in simple words, it is the easiest way to command on the platform.
- Charts: Most of the screen displays the different types of charts on the MetaTrader 4 platform.
- Bar charts: One of the most basic charts that every single trader in trading uses. It shows the different bar prices for the price movements (in a particular period).
- Line chart: The line chart is the simplest way to show the price movement. It shows the up or down trends on the basis of the market price.
- Candlestick charts: It is quite similar to the bar charts because this chart also shows the price movements (low, high, opening and closing).
According to the experts, it is the best chart in the forex market, and every trader understands it.
- Tick charts: After the number of traders in the market, then the tick chart is generated, and it shows the major price changes in the market. It is something different from the other charts.
- Market watch: The complete list of the market shown on the left side of the windows (ask and bid prices).
- Navigator: One of the essential tools in trading where all the expert advisors, indicators are located. The location of the navigator is on the left side of the bottom.
The trader of the Brokereo has all types of trading tools and indicators:
- Average Directional Moving Index
- Bollinger Bands
- Envelopes
- MACD
- RSI
- Ichimoku Kinko Hyo
- Moving Average
- Parabolic SAR
- Standard Deviation
These are the researching tools of the Brokereo is:
- Earning report season
- Economic calendar
- Trading signals
- Daily news
How to use leverage in funds with Brokereo?
In forex trading, the return on investment can be hiked with the help of leverage. It increases the actual investment in trading. The brokerage company offers 1:500 leverage to professional traders and 1:30 to retail traders.
Due to leverage money, the trader only has to deposit the margin money in the trading. But on the other hand, it is a hazardous amount for the retail traders because if anything happens in the market, the retail trader faces the trader himself repays the financial loss and the leverage amount taken from the broker.
An example of the leverage is: Suppose a trader’s actual investment in trading is $200000. This time, the trader only pays the margin money, which is around $4000, and the remaining amount of money paid by the broker itself on behalf of the trader is $196000.
The brokerage company provides the leverage according to the trading accounts:
Leverage in the silver account
- Forex 1:200
- Metals 1:50
- Indices 1:50
- Commodities 1:50
- Stocks 1:10
- Cryptocurrency 1:2
Leverage in the gold account
- Forex 1:400
- Metals 1:100
- Indices 1:100
- Commodities 1:100
- Stocks 1:10
- Cryptocurrency 1:2
Leverage in the platinum account
- Forex 1:400
- Metals 1:125
- Indices 1:125
- Commodities 1:125
- Stocks 1:10
- Cryptocurrency 1:2
How to deposit funds in a broker’s account?
The investor of the brokerage company is free to deposit unlimited money in their trading account. The brokerage company doesn’t charge any commission from the traders. The deposit method of the Brokereo is via:
- Credit Card
- Neteller
- Skrill
- Webmoney
- Wire Transfer
The company is completely safe and secure for the trades. Traders can trust the broker blindly. The main reason for depositing the funds is that most of the big traders can trade on a large basis. It means they invest large amounts of money for trading. So they choose a reliable broker for trading.
The trader can use any device for depositing the money, only needed to log in to the account, such as mobile, web, etc. All the account holders of Brokereo are satisfied with their services and features.
How to contact customer support in Brokereo?
The brokerage company offers customer support services to the traders to solve the problem in trading. The broker provides multilingual support in customer support services. An investor only needs to contact Brokereo customer service; after that, the customer support will solve the trader’s problem.
Here are the details of the Brokereo customer support service:
- Email: [email protected]
- Phone number: +448000318430
- Live chat: Monday to Friday 8 am to 5 pm GMT
- Address: Pavlou Nirvana No 4, ALPHA TOWER, Office N 13, 3021 Limassol, Cyprus.
The employee of the customer support service in Brokereo is well educated and has enough experience in forex trading so they can advise the best. If your problem is big, then your case will be transferred to a higher authority, which means the customer executive will make a better decision. The gold and platinum account holders have a dedicated account manager who manages all works related to forex trading.
What is the procedure to withdraw funds from a trading account?
Big traders of the Brokereo earned a lot of money in trading. When a trader withdraws money from the trading account, it goes straightway to the nominee’s bank account. The withdrawal method of the Brokereo is via:
- Credit Card
- Neteller
- Skrill
- Webmoney
- Wire Transfer
Before withdrawing a large amount of money from the trading account, the trader has to request it when withdrawing gives a specific charge against withdrawal.
The Bottom Line
This article is beneficial for the newcomers because we discussed all the functions and services of Brokereo. Brokereo is a new broker in the market. Traders give positive feedback. The newcomers only need to follow a few steps to open an account with Brokereo.
