Brokereo Review

Brokereo Review: The New Thrill of Trading

Our review is about Brokereo, a freshly baked broker that was founded this year.  Brokereo is a CySEC regulated broker offering to trade on more than 300+ financial CFD instruments. It specializes in covering trading in cryptocurrencies,  forex, commodities, shares, and metals. The broker is based in Cyprus. Brokereo also offers many extra features apart from essential services.

Here we present a detailed Brokereo review.  Our online broker review team has conducted the research. We will look at some key features to advise our readers about how safe it is to trade with this broker.

Brokereo Review:  Regulations

www.brokereo.com is a domain name of Concorde Investments (Cyprus) Ltd, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). If you are interested in whether this information is correct, you can search for the confirmation on CySEC’s official website, where you’ll be able to find the broker’s information and license 189/13.

CySEC is a trustworthy regulator authority as brokers registered in well-established jurisdictions like Cyprus have to go through numerous check-ups to be licensed. In fact, we want to advise our readers to ensure that the broker they intend to entrust their money with is really licensed. This is the only way to guarantee the safety of the traders’ funds.

Besides, Brokereo is a member of the Investor Compensation Fund.

The broker is fully capable of providing its clients with:

• Segregated client funds
• Separate company funds
• Negative balance protection

So, is Brokereo a scam broker? As the company is regulated by CySEC, it is most definitely not.  Moreover, CySEC’s reputation speaks for itself, and the documentation provided by the broker was enough to say that overall, the broker is trustworthy and is very careful when dealing with client funds.

Brokereo.com and Account Types

The broker offers two main account types: the three account types – with more or less standard account offerings and the professional account type, mostly for traders eligible for an eligible account.

 Account Opening Process

There is not a lot to say about the account opening process with Brokereo as it is refreshingly simple and quick. Besides, registration does not take too much time.  The broker operates with the standard KYC (Know Your Customer) and AML (Anti Money Laundering) regulatory requirements.

Thus, new clients are required to provide proof of identity and address documents for verification. This can be done easily from the client portal section by uploading from PC or mobile. Opening an account is an easy process, and it only takes three steps to open an account.  

Step 1. –  You have you fill out the registration form to create your account. The whole process is free of charge.

Step 2. – Afterwards, you’ll have to choose a payment method that suits you.  Then you’ll be able to fund your account in one click.

Step 3. – The final step will make sure that the information is correct, and you’ll be ready to set off to the markets with supreme trading excellence.

Account Types

Brokereo offers a thrilling trading experience for all of its brokers. Our review of the account types found that each account comes with different features and benefits. Here is a short overview of everything that these accounts offer.

SILVER – The perfect account type for the beginner traders  

• Max Fx leverage 1:30
• spread 1.0
• 300+ CFDs on assets
• Swap discount: None
• 24/5 support
• News alerts
• Fifth decimal
• Hedging ✓
• Open account
• Islamic account
• More on Silver account

GOLD – An account specially made for traders who already made achievements and experience in trading the market. Here are the features that the Gold account offers.

• Max Fx leverage 1:30 (for retails)
• spread 0.4
• 300+ CFDs on assets
• Swap discount 25%
• Dedicated account manager
• News alerts
• Fifth decimal
• Hedging
• Open account
• Islamic account
• More on the Gold account

PLATINUM  – For traders that have experience in trading but want more opportunities. 

• Max Fx leverage 1:30 (for retails)
• spread 0.3
• 300+ CFDs on assets
• Swap discount 50%
• Dedicated account manager
• News alerts
• Fifth Decimal
• Hedging ✓
• Open account
• Islamic account
• More on Platinum account

Brokereo:  Withdrawal Methods and Deposit Options

In our thorough Brokereo review, we were surprised to see the speed of withdrawal and deposit methods.  Moreover, Brokereo offers the ability to deposit funds via credit/debit card, Klarna, or bank wire transfer. In fact, traders can add or take out funds from the Brokereo broker using several options. The processing time for deposits is 3-5 minutes, while the same is 3-5 days for withdrawals, which is quite fast compared to the broker’s competitors.  Besides, traders have various available payment options: Skrill, PaySafe, VISA, VPay, Mastercard, Maestro, SSL, Payvision, Trustly, Neteller, SafeCharge, MIR Limited, and Wirecard.

The minimum deposit is EUR 250 when logged into the client portal area.

In fact, users can request withdrawals online. However, traders may also need to provide a copy/scan of bank/credit card statements to confirm beneficial owners. Funds can only be withdrawn to the source and up to the same amount deposited by credit/debit card.

Brokereo: A Review of Tradable Products

Brokereo offers users the ability to trade on more than 300+ financial instruments: currency pairs, shares, commodities, metals, cryptocurrencies, and indices. Moreover, the broker doesn’t charge anything extra on executing trades with any product and earns only from spreads, i.e., the asking price minus the bid price.

Forex – EUR/USD, GBP/USD, AUD/CAD, CHF/JPY, EUR/NZD, etc.

Indices – AEX, DAX 30, Nasdaq 100, Nikkei 225, Crypto, BTCUSD, BTCEUR, etc.

Commodities – Brent Crude Oil, Cocoa, Cotton, Shares, etc.

Brokereo:  Trading Platforms Review

Also, Brokereo offers users the ability to trade on the globally recognized MT4, Web Trader, and mobile platforms.

MetaTrader Platform

You can reach The Brokereo MetaTrader 4 Web platform quite easily through web browser. Additionally, it requires no downloads. The platform has also 3 chart types: +20 technical instruments and multiple asset classes.

Here is a list of all the top traits offered by the platform.

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

Mobile Trading Platform

The MetaTrader 4 mobile trading app provides a range of different features, satisfying all types of brokers, ranging from beginner to expert.  Moreover, it allows traders to have their market in their pockets as they will always access the market.

Mobile app offers:

• Access to account management as you go: whenever you want, wherever you go.
• Ability to also trade on multiple asset classes and perform technical analysis from your phone.

Brokereo Education

Brokereo.com provides customers with a dedicated education portal. It is user-friendly and easy to navigate. It offers top-notch, quality educational content that fits everyone’s level of knowledge. In fact, the material presented facilitates enhancing the client’s skill and knowledge base if anybody has the will to learn and develop the trading skills. The education material includes the following:

• Videos: Short explanations of simple trading concepts.
• Webinars: Online webinars to conduct workshops by investing experts.
• Seminars: Offline workshops by finance analysts.
• E-books: Full coverage of fundamentals and significant trading topics.
• Courses: Segregated depending on the traders’ level: advanced, intermediate, and also beginner-level investors
• Articles: Blogs, journals, and articles on relevant and trending titles.

So, these were all the major features of the Brokereo broker.

Customer Support

Brokereo offers customer support via email, telephone, and live chat. The support staff is quick while answering queries and the response time is less than a minute.

Address: Pavlou Nirvana No 4, ALPHA TOWER, Office N 13, 3021 Limassol, Cyprus.

Email: [email protected]

Phone: +448000318430

Brokereo Review Conclusion

So what can we say in our overall Brokereo review?  In fact, the broker is definitely not a scam as it is regulated by one of the top tier regulatory authorities. The broker provides the ability to trade on the globally recognized MetaTrader 4 Web Trader trading platform.

Traders can choose from 3 core account types called Silver, Gold, and Platinum to trade on more than 300+ financial CFD instruments covering Cryptocurrencies, Commodities, Shares, Indices, Metals, and Forex. Each account has different features and benefits, that will satisfy any trader.

Overall, the experience with this broker was pleasant and very smooth.

However, please consider that CFDs are quite complex instruments that come with a high risk of losing money rapidly due to the leverage. Thus, be careful and think twice before taking the risk. Also, the vast majority of clients lose money when trading CFDs. Even though our review of the Brokereo showed us that it is a trustworthy and professional broker, still be mindful of the risk.

Do your own research if you are interested and good luck in your future trading!