Brokereo Review

Minimum Spread :   0.03
Foundation Year :   2020
Min Deposit $ 250
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Brokereo

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

Here, we’ll read one unbiased Brokereo review, which would include regulations, IT, customer support, and other traits. 

Brokereo Broker: Scam or Safe?

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

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 firm also obeys the rules and regulations from governing bodies Europe such as MiFID and the European Union.  

Brokereo Broker Features

Brokereo Account Types:

The trading website offers three different account types, namely, silver, gold, and platinum. Apart from it, one Islamic and free demo account service is also accessible through them. These account types provide varied features, segregated with the level of expertise of trader. Here are some glimpses from each kind:

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, 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: WebTrader, 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: WebTrader, Mobile Trader

Trading Platforms:

Brokereo provides customers with two trading platforms, i.e. Web trader and mobile app, which aids them in making better entry, exit in trades, right trading decision, and several other benefits. 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 support
  • Free educational hub
  • Different execution modes
  • History of orders
  • In-platform price alerts
  • Real-time balance level
  • One-click trading option

Brokereo 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. The broker doesn’t charge anything extra on executing trades with any product and earns only from spreads, i.e. the asking price minus bid price. 

However, there is no real ownership available for any product, and only complex financial derivative trading is allowed. Here are some of the top assets from Brokereo broker

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 Account Opening:

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

Step 1: Fill 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: The next step is document verification, i.e. uploading all the mandatory documents to support the provided information. It includes income documents, address proofs, and identity verification. 

Step 3: The final step is to add funds and start trading. Adding money in your account takes 2-5 minutes, depending on the method you choose. 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. 

Commissions and Fee:

There is no extra commission or charge on trades, and you’ll not be charged anything hidden except spreads. The spreads are low, and the broker solely earns from them. Some of the common fees include bank charges, currency conversion cost, overnight swap charges, and more. The lowest spread starts from 0.3 for platinum, 0.05 for gold, and 0.07 for silver account holders. The minimum deposit to start real trading with Brokereo is $250. 

Deposit and Withdrawal:

A customer can add or take out funds from Brokereo broker through several options. 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 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

Leverage:

The maximum leverage offered by Brokereo is 1:500, but it varies greatly on account and asset type. The highest margin for retail investors is 1:30, which is a set limit by the EU to protect client interests. Maximum margin on professionals is 1:400/500. 

Brokereo Research:

Brokereo broker 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. The research section includes earnings calendar and an economic calendar. While the former is reports about financial data for companies, the latter is a calendar of prominent financial events. 

Brokereo Customer Service:

Consumer support by the broker is above average and is available from Monday to Friday, 24/5, from 07:00 to 17:00 GMT. The executives were quick while answering the queries and the response time is less than a minute. Apart from it, all the assistants were rational, logical, and intelligent, and resolved all the queries. Following are the ways to connect with Brokereo broker: 

  • Email support: support@Brokereo.com
  • Phone call: +448000318430
  • Live chat support on the website

Brokereo Education:

The trading website provides customers with a dedicated education portal, which offers top-notch quality content. It majorly helps in enhancing 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. 

So, these were all the major features of brokereo broker. 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. However, advance traders looking for reasonable cost brokerage firms can consider Brokereo. 

If still confused, one can try their demo service, which will further aid clients in experiencing real-time trades.

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