Brokereo Review 2021

Best Broker

$250

Min Deposit

0.03

Min spread

2020

Foundation

Broker Trusted Point-1

Broker Trusted Point

License Trust

Brokereo believes in building a solid trading ground with easy access to more than 300 CFDs. The core aim of the broker is to render limitless trading opportunities with high execution speed. Even though the broker is brand new in the trading world, it offers cutting-edge trading operations and services in the most technologically advanced manner. So, in this Brokereo Review, we will talk about different aspects of the broker in detail.

Table of Contents

What is Brokereo?

Is Brokereo Safe or Scam?

Account Types

Trading Platforms

Account Opening

Commissions and Fee

Deposit and Withdrawal

Leverage

Research

Customer Support

Education

Pros

FAQs

What is Brokereo?

Brokereo Review: Safety, Customer Support, and Services – Brokereo is a Republic of Cyprus based CFD trading broker which provides investment products and services. Further, the firm is a low-cost investment site and offers many extra features apart from essential services. Moreover, it includes no commission trading, three account types, an excellent trading platform, and more. Notably, you can connect with the broker on 24/5, from Monday to Friday.

General Information

    • HQ: Cyprus
    • Foundation: 2020
    • Regulation: CySEC
    • Customer Support: Monday-Friday – 08:00 to 17:00 GMT
    • Practice Account: Yes
    • Trading Instruments: Cryptocurrencies, Commodities, Shares, Indices, Metals, and Forex
    • Minimum Deposit: 250 Dollars
    • Maximum Leverage: 1:30, 1:500
    • Spread: Variable

Is Brokereo Safe or Scam?

Brokereo is a regulated Cyprus-based broker licensed with a financial body, CySEC (Cyprus Securities and Exchange Commission), under regulation number 189/13. The firm is also an ICF member, which protects and insures client funds up to 20,000 euros. Also, The organisation follows no negative balance policy, account segregation, and customer compensation funds. Notably, in case of a catastrophe, like bankruptcy, the venture cannot use customer funds.

Is Brokereo legit?

The IT security is safe with SSL and end level encryption, and no hacker can even think of cracking the high-level technology by broker. The data and transactions are ends to end encrypted. Moreover, the firm also obeys the rules and regulations from governing bodies in Europe, such as MiFID and the European Union.

License number

The license number of Brokreo is 189/13.

Trading tools

The analytical trading tools offered by Brokereo are excellent for investors and traders. Arrows, Fibonacci tools, Lines and Channels

Brokereo Review: Trading Account Types

The trading website offers three different account types, namely, silver, gold, and platinum. Apart from it, one Islamic and free practice account service is also accessible through them. Also, these account types provide varied features, segregated with the level of expertise of the trader. The trading accounts are spot-on for every trader in the market.

However, here are some glimpses from each kind:

Trading Accounts

Account type: 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: WebTrader and Mobile Trader

Trading Account type: 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: 0.05 pips
  • Max. Leverage: 1:30
  • Automated Trading: Yes
  • Platforms: WebTrader and Mobile Trader
  • Dedicated Account Manage

Account type: 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: 0.03 pips
  • Max. Leverage: 1:30
  • Automated Trading: Yes
  • Platforms: WebTrader and Mobile Trader

Reviews on Free Practice Account

Brokereo renders a free demo account for its clients. The practice account allows traders to enhance their skills and test strategies without losing any actual money. This way, one can “practice” or prepare for the live market and learn from the mistakes.

Reviews about trading capital on Brokereo

The trading capital option is immense for a trader on Brokereo. There’s no limit to investment in the financial market. Thus, an account at Brokereo is useful for all buyers and sellers.

Brokereo Review: Trading Platforms

Brokereo provides customers with two trading platforms, i.e. Web trader and trading app, which aids them in making better entry, exit in trades, right trading decision, and several other benefits. The mobile trading app of the broker is easy to navigate and understand. In conclusion, here are some of the top traits offered by the platform:

  • Multiple chart windows to compare various assets
  • Automatic Stop Loss/Take Profit functions
  • 1-click account switching
  • Inherent platform support
  • Live chat and dedicated customer support
  • Free educational hub
  • Different execution modes
  • History of orders
  • In-platform price alerts
  • Real-time balance level
  • One-click trading option

MetaTrader 4

The desktop software MetaTrader 4 is a modern-day platform that equips the latest instruments and supports Brokereo with ample qualities and features that give high operational access to traders. The consistent performance by MetaTrader 4 is one of the biggest strengths that it offers its users. Most importantly it mitigates the high risk of losing funds in every circumstance.

The designing of the MetaTrader 4 happened by keeping in mind the market circumstances. The trading platform is ahead of its times and used by reputed brokerage firms worldwide. In addition to this, the platform sends regular price updates.

Mobile Trader

Through the mobile trader, you trade in the market whenever and wherever needed without thinking twice through net connectivity.

WebTrader

It is the first choice of all forex brokers across the world. The Brokereo forex service is among the best due to the services offered by WebTrader. The high risk of losing funds also reduces simultaneously by trading on it. You do not lose money when trading on it.

Risk-free environment

Every trading platform of broker pushes traders toward a risk-free environment. So, it is a helpful feature.

Retail investor accounts source

The retail investor accounts source do not let people get into any risk and summons profitable money. A broker does not lose money when trading in fluctuating markets.

The Brokereo.com brokerage company and inactivity fee

The inactivity is either low or quite less here on Brokereo.com. So, trading is risk-free, and money is free-flowing on the brokerage firm registered by Cyprus LTD.

Brokereo Review: Trading Products

The trading website provides several financial instruments for trading, including currency pairs, shares, commodities, metals, cryptocurrencies, and indices. In total, there are over 350 assets at no commission. Above all, the broker doesn’t charge anything extra on executing trades with any product and earns only from spreads, i.e., asking price minus bid price.

However, no real ownership is available for any product, and only Complex Financial Derivatives (CFDs) trading is allowed. Also, here are some of the top assets from Brokereo

 

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

Brokereo Review: Account Opening

The Brokereo login and process is a straightforward method and includes only three steps. After that, The complete procedure hardly takes 15-20 minutes in total. Below is the procedure to open an account with Brokereo:

Step 1:

Firstly, Fill in all the necessary data and information, as requested by the brokerage firm. It might include your private financial information, too, such as bank statement, account details, date of birth, income proof, etc.

Step 2:

Secondly, the next step is document verification, i.e. uploading all the mandatory documents to support the provided information in addition. It includes income documents, address proofs, and identity verification.

Step 3:

Lastly, the final step is to add funds and start trading. Adding money to your account takes 2-5 minutes, depending on the method you choose. Therefore, the available payment options are Skrill, Neteller, bank cards, and wire transfer. Choosing an asset is essential, and the decision should be well thought before starting any trade.

Notably, you should check the URL of the website to stay away from fraud. Moreover, you should also check the details of the website before starting.

Brokereo Review: Commissions and Fee

There is no extra commission or charge on trades, and you’ll not be charged anything hidden except spreads. In addition, the spreads are low, and the broker solely earns from them. Notably, some of the common fees include bank charges, currency conversion cost, overnight swap charges, and more. Furthermore, the lowest spread starts from 0.03 for platinum, 0.05 for gold, and 0.07 for silver account holders. After that, the minimum deposit to start real trading with Brokereo is $250. So, Brokereo trading charges are pretty low compared to the top-class services it offers.

Brokereo Review: Deposit and Withdrawal

Firstly, a customer can add or take out funds from Brokereo through several options. In addition, all the methods are free of cost, but withdrawals might cost you something if certain important conditions are not met. It includes not making enough transactions or taking out less than $100. The minimum deposit of the broker is 250 dollars. Similarly, the processing time for deposits is 3-5 minutes, while the same is 3-5 days for withdrawals. Here are some available payment options:

  • Skrill
  • Neteller
  • SafeCharge
  • MIR Limited
  • Wirecard
  • SSL
  • Payvision
  • Trustly
  • PaySafe
  • VISA
  • VPay
  • Mastercard
  • Maestro

Brokereo Review: Leverage

The maximum leverage offered by Brokereo is 1:500, but it varies greatly on account and asset type. In addition, the highest margin for retail investors is 1:30, which is a set limit by the EU to protect client interests. Similarly, the maximum margin of professionals is 1:400/500. So, you can trade with the broker without any risk of losing money as leverage is not too high and not too low.

Research

Firstly, Brokereo offers impressive research material for predicting prices better. The tools and material available help in making better trading decisions, such as good entry and exit points. Similarly, the research section includes an earnings calendar and an economic calendar. While the former reports financial data for companies, the latter is a calendar of prominent financial events. At the same time, the broker also provides a vast pool of analytical tools that are highly customisable. Research tools help traders find out the most profitable trades and depict the precise entry and exit points in each trade. Thus, they further help in making a potential trading decision.

Customer Service

The broker’s consumer support is above average and is available from Monday to Friday, 24/5, from 07:00 to 17:00 GMT. Besides, the executives were quick while answering the queries and the response time is less than a minute. All the assistants were rational, logical, and intelligent and resolved all the queries. In conclusion, the following are the ways to connect with Brokereo.

  • Email support: [email protected]
  • Phone call: +448000318430, and
  • Live chat support on the website.

Education

The trading website provides customers with a dedicated education portal, which offers top-notch quality content. Likewise, it majorly helps enhance the client’s skill and knowledge base if anybody has the will to learn. The education material includes the following:

  • 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.

Education material is one of the most important components of the entire trading process. So It can help enhance knowledge that can practically apply in trades to make better and profitable decisions.

Advantages of trading with Brokereo

Top Regulation:

Brokereo is a highly regulated broker by the top-tier authority of CySEC. At the same time, the broker offers top-class security and encryption features like SSL and Firewalls to safeguard the transactions and data. Thus, it is entirely a safe platform for trading.

Withdrawal requests and trading conditions

Traders can request their money withdrawal, and Brokereo offers them the money in quick succession. For trading, you cannot have better conditions than Brokereo in that sense as it supports all asset classes.

Wide range of trading products:

Brokereo offers CFD trading on a vast range of products. Thus, it helps in a healthy diversification of the portfolio and mitigation of risks.

Free research and educational hub:

One of the notable things while trading with Brokereo is that it provides an expansive set of free educational and research material and tools. This says about the dedication and effort that the broker put into the growth of its clients.

Commission-free trading

The broker offers commission-free trading with no hidden charges. All charges like swaps or spreads are clearly mentioned and stated by the broker. Moreover, the spreads are variable and start from as low as 0.03 pips.

Free demo account

The broker also offers a free practice account for traders to enhance their skills before going live in the market. Moreover, you can also check the potential of your trading strategy and risk management techniques.

Dedicated customer service

Dedicated customer service is offered in multiple languages.

Effortless account opening process

The Brokereo login and account opening process are simple and rapid. The user just needs to go through an easy three-step process.

Get a callback from a trusted broker today.

Conclusion

Brokereo is one of the best brokers and financial services provider. We tried to cover almost all traits, right from licenses to research & education library. The trading website is excellent for novice investors and the average for professionals. At the same time, the broker offers an extensive range of educational material that can depend on the client’s trading level. The highly customisable yet effortless trading interface makes Brokereo one of the best among the lot. However, advance traders looking for reasonable cost brokerage firms can consider Brokereo.

However, if still confused, one can try their practice account service, which will further aid clients in experiencing real-time trades. The brokerage firm is useful for traders looking for and affordable trading site with good features. Retail investor accounts are brilliant for users and mitigate any risk. Thus, these features make Brokereo one of the finest brokers in the financial market.

FAQs

What is the minimum deposit and spreads of Brokereo?

The minimum deposit of the broker is just $250. The spreads are also low. So, it is entirely an affordable platform.

Is trading with Brokereo safe?

Yes, it is safe to trade with Brokereo. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC). At the same time, it also offers top-notch security features like Firewalls and SSL. Moreover, you will get segregated bank accounts and robust safeguard tools.

What are the educational material available with Brokereo?

The broker offers a wide range of educational material, including VODs, blogs, webinars, videos, courses, Ebooks, and more. Thus, it focuses on enhancing your knowledge.

Is Brokereo a good forex broker?

Yes, Brokereo is a good forex broker for investors. It increases their money.

Can you lose money when trading on Brokereo?

No, you can never lose money when trading on Brokereo as it offers various functions such as negative balance protection and stops loss.

When does investor accounts lose money?

The financial market has a high risk of losing money when the MetaTrader platform does not properly. Investor accounts lose money only when market players go careless.

Is there negative balance protection on Brokereo?

Yes, you can find negative trading protection. The platinum account offers such services for users.

Can retail investor accounts lose funds?

There’s minimal reason to lose money when you are trading with Brokereo. However, you have to be cautious with your money when trading CFDs. When keeping everything in place, retail investor accounts lose nothing.

How much money when trading CFDs?

You don’t need much money when trading CFDs markets. There’s a high risk of losing money. But it can be negated when you trade with Brokereo.

Is the broker Brokereo good?

Yes, it is an authentic broker. Thus, you can proceed with it.

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