BROKERAGEA Review

BROKERAGEA Review

General Information

Broker Name: BROKERAGEA

Broker Type: Forex & CFD

Country: /

Operating since year: 2021

Regulation: /

Address:  /

Broker status: Active

 

Customer Service

Phone: +18008280295

Email: [email protected]

Languages: English

Availability: 24/5

 

Trading

The Trading platforms: Proprietary

Trading platform Time zone: /

Demo account: No

Mobile trading: Yes

Web-based trading: Yes

Bonuses: No

Other trading instruments: Yes

 

Account

Minimum deposit: $1000

Maximal leverage:  1:400

Spread: Floating

Scalping allowed: Yes

 

CONTENT

  • GENERAL INFORMATION
  • FUNDS TRADING AND SECURITY
  • THE TRADING ACCOUNTS
  • TRADING CONDITIONS
  • TRADING PLATFORM
  • BROKERAGEA’S TRADING PRODUCTS
  • CUSTOMER SERVICE
  • CONCLUSION

 

Broker Review: BROKERAGEA

brokeragea review

 

General Information

BROKERAGEA is a new brokerage trying to break through into the ranks of industry leaders. It offers a wide array of assets in the form of CFDs and lets users trade currency. As such, the forex broker competes with many similar companies, many of which have been around for a while. However, new brokerages are always exciting, and they often bring exciting features to the table. Our BROKERAGEA review will help you decide whether you think it has what it takes to beat its competitors.

First impressions are quite important when assessing a brokerage, especially since they’re often correct. A lot of brokers that look like scams look like that for a simple reason- because they are. As such, brokers need to make themselves presentable while having a functional website. It’s also quite important that the site is easy to navigate, as hiding things or making them difficult to find seems dishonest. Luckily, BROKERAGEA doesn’t show us any of these warning signs.

On the contrary, the broker’s website looks quite appealing and is transparent about its information. It does lack some things, but it has mostly everything you need to know readily available. And while the lack of certain details could be worrying, it’s essential to remember BROKERAGEA is quite new. As such, comparisons with brokerages that have been around for decades can be a bit unfair. When compared to newer brokers, BROKERAGEA looks clean and transparent, and it seems ready to fix its errors.

So we’re off to a good start to our BROKERAGEA broker review. The broker so far seems clean and capable, which is always a good sign. However, that’s not nearly the end of our inspection. Before we continue, let’s look at some of BROKERAGEA’s interesting properties:

general information

·        Broad Trading Product Library

BROKERAGEA boasts a wide variety of assets, with the total coming in at over 1,200. The assets cover all major categories, thus making BROKERAGEA a firm that’s a good fit for many traders. Investors that have used brokerages with limited trading products know the frustrations that come with that. Missed trading opportunities and compromises due to a limited selection become huge issues with such brokers. Luckily, you won’t ever feel that way with BROKERAGEA, as its library beats most competitors.

·        Low Margin Requrements

Another advantage of using BROKERAGEA are its low margin requirements, allowing high leverage quite quickly. That’s especially beneficial for high-intensity trading tactics such as scalping and other forms of day trading. However, it can also be useful for long-term investors as it can help them spread out their capital effectively. The leverage sits at 1:400, which is decently high, although there’s still room for growth. Still, 1:400 is more than enough if you want to expedite your earnings via employing leverage.

·        Free Analysis and Education

Lastly, we should mention that the broker offers free educational and analytical features for its users. Education has become a somewhat common feature in brokerages, but it’s always nice to see a broker that cares for newbies. However, the analysis is likely the more important part, as BROKERAGEA leans slightly more towards experienced users. It has numerous charts, indicators, and other features in its platform that aid users in predicting markets. As such, the firm provides a competitive edge to those that decide to use its services.

 

Funds Trading and Security

Safety is one of the key factors we judge in all our broker reviews. Unsafe brokers can cause much more harm than those that simply have an underwhelming service. However, there’s not much users can do about such brokerages other than spotting and avoiding them. Unfortunately, there still seems to be enough careless investors that allow scam brokers to continue existing. Luckily, in our BROKERAGEA review, we found no such indications for the company.

BROKERAGEA’s security isn’t perfect, but it’s far above the standard for newer brokers. It has a solid reputation, which is quite a solid indicator of safety as users are rightfully quick to condemn scams. The simplest way to find out about major broker transgressions is to browse news and trust rating websites. Naturally, BROEKRAGEA lacks any major incidents, and users seem quite fond of it so far, which speaks both about trust and quality.

Naturally, that can’t be the extent of your judgment about a brokerage, so we also checked out other things. For example, the broker’s legal documents are free of any malicious clauses. That’s always a great sign as scams often hide their harmful features there as a way of justifying them.

Lastly, we should also mention the technical security measures in the form of encryption and account verifiers. That makes it much more difficult to get a hold of user accounts and drain money from them. The broker can make some improvements, but at its stage of operations, we’re content with what we see.

 

The Trading Accounts

As we said earlier in our BROKERAGEA review, its asset selection makes it diverse. Its accounts also play a role in that, creating a bridge between users with different budgets. The broker follows the standard formula of accounts with different tiers that are based on cumulative deposits. That allows the broker to improve its conditions on all levels instead of specifically targeting one. Such a setup has numerous advantages over more specialized account types, which can often be quite limiting.

That being said, some traders will prefer specialized accounts that fit their trading habits. That’s entirely normal but even such traders might find that BROKERAGEA’s accounts suit them. Naturally, others won’t find them as attractive, but a broker would be hard-pressed to satisfy everyone. Here are some of the specifications of the accounts at brokeragea.com:

brokeragea trading account types

 

Starter

  • Min. Deposit $1,000
  • 0.01 Min. Lot Size
  • Islamic Account
  • Mobile Trading
  • 24h Dedicated Support
  • Account Manager

Classic

  • Min. Deposit $2,500
  • 0.01 Min. Lot Size
  • Islamic Account
  • Mobile Trading
  • 24h Dedicated Support
  • Account Manager

Intermediate

  • Min. Deposit $5,000
  • 0.01 Min. Lot Size
  • Islamic Account
  • Mobile Trading
  • Technical Indicators
  • Economic News

Advanced

  • Min. Deposit $10,000
  • 0.01 Min. Lot Size
  • Technical Indicators
  • Economic News
  • Technical Analysis
  • Fixed Pricing

Ultimate

  • Min. Deposit $50,000
  • 0.01 Min. Lot Size
  • EU Private Bank Account
  • Technical Indicators
  • Economic News
  • Technical Analysis
  • Fixed Pricing

VIP Policy

  • Min. Deposit $100,000
  • Personal Banker
  • EU Private Bank Account
  • Technical Indicators
  • Economic News
  • Technical Analysis
  • Fixed Pricing

 

Trading Conditions

Earlier in our BROKERAGEA review, we said that an unsafe brokerage is worse than a bad one. However, a bad one isn’t worth using over the multitude of competitors. As such, a broker needs to do well in both regards to stand out from other similar companies. Luckily, BROKERAGEA succeeds in that, starting with its solid funding that minimizes trading downtime. We all know how frustrating it can be to wait for deposits/ withdrawals and how many opportunities can slip by.

When you continue inspecting the features at brokeragea.com, you see that the broker offers quality all around. Near the beginning of our BROKERAGEA broker review, we mentioned their low margin requirements. We’d like to see higher leverage, but only because more is always better, but 1:400 is entirely serviceable. Most traders won’t go over that anyway since the risk can be too steep. The pricing is also good, with tight spreads and no hidden fees lurking around.

 

Trading Platform

trading platform

One thing we haven’t mentioned in our brokeragea.com review is its custom platform. While we found the software intuitive and solid trading-wise, it’s understandable some users prefer more standard options. Unfortunately, BROKERAGEA doesn’t have demo accounts for platform testing, but we assume that’s an oversight. Still, the platform is technologically sound and full of analytical features that can help traders. The software is available on all major platforms, including web and mobile versions.

 

BROKERAGEA’s Trading Products

Earlier in our BROKERAGEA review, we mentioned that the firm had over 1200 assets in its library. There’s almost no need to explain how that positively impacts traders, as more choices are always good. However, traders and investors that have used low-asset brokers will know just how much of an improvement it is. It makes crucial skills such as diversification simpler and makes sure you never need to compromise with asset quality. Here’s a rundown of the trading product classes at brokeragea.com:

 

  • Currencies
  • Commodities and Energies
  • Valued Metals
  • Shares and Stock Indices

 

Customer Service

Customer service is also one of BROKERAGEA’s strong points, as it understands the importance of a solid support team. The broker made sure its representatives spoke multiple languages, making communication much simpler. Its representatives work via phone, email, and live chat, and you can reach them 24/5.

 

Phone: +18008280295

Email: [email protected]

 

brokeragea customer support

 

Conclusion

BROKERAGEA is a solid new broker that looks to be a promising competitor in the market. It’s good as-is, and since we can see it’s a company with serious intentions, we can assume it’ll only grow further. It definitely earns a solid grade in our BROKERAGEA review, and we’re eager to see where it goes from here. It already has solid security and a set of trading conditions and features that put many experienced companies to shame.

Although it’s not flawless, there are no brokers that are. The few mistakes can be easily fixed, and there are no dealbreakers as far as we’re concerned. As such, we’d like to wrap up our BROKERAGEA broker review with a definite recommendation.