Brokereo Review 2022

Brokereo Review

Table of Contents

Brokereo is an online trading broker that renders trading services to its clients. But the brokerage firm is totally new in the market and we could not state that it is legit or scam. Let’s explore a detailed Brokereo Review.

It is a cutting-edge trading platform that offers several kinds of trading instruments and CFDs. More than 300 CFDs are available for trading. A simple trading platform that can be accessed from anywhere and from any device. Use multiple analytical tools to enhance your trading experience.

Brokereo Review: Pros and Cons

  • Limited Instrumnets
  • Lack of Proper Education
  • High Spreads
  • Low Leverage

Brokereo Review: Account Types

Brokereo is offering three different types of trading accounts that are silver, gold, and platinum. These are the basic account types and apart from this, traders get an option of a professional account and a demo account also. The features of trading accounts are listed below:

Silver Account

  • Minimum spread 1.0
  • Zero swap discount
  • Fifth decimal trading
  • Hedging
  • 24/5 customer support
  • More than 300 CFDs
  • Zero commission
  • Maximum leverage 1:30

Gold Account

  • Minimum Spread 0.4
  • 25% swap discount
  • Fifth decimal trading
  • Hedging
  • Dedicated account manager
  • More than 300 CFDs
  • Zero commission
  • Maximum leverage 1:30

Platinum Account

  • Minimum Spread 0.3
  • 50% swap discount
  • Fifth decimal trading
  • Hedging
  • Dedicated account manager
  • More than 300 CFDs
  • Zero commission
  • Maximum leverage 1:30

Traders who are new to the financial markets or want to explore the broker before investing their money can go with a demo account. Demo account gives access to all the trading features without any deposit. On the other hand, if you are a shark in the trading market go with a professional account. The features of a professional trading account are:

  • Up to 15% margin drop
  • Leverage of 1:500
  • Personal account manager
  • Tight spreads
  • VIP education available
  • Multilingual support

These are some of the additional features which are not available in silver, gold and platinum accounts. Traders who want exclusive trading experience should opt for a professional trading account.

NordFX Review

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75% of retail CFD accounts lose money

Brokereo Review: Account Opening?

The process to start a trading account with this broker is simple and efficient. It consumes 1-2 days of your precious time to open an account. After that, you can enjoy the functions and trading features of the platform. 

Much more best broker than this you can open account NordFX

Brokereo Review: Trading Platform

Brokereo runs on one of the most convenient trading platforms that is MetaTrader 4. This trading platform gives access to the global trading markets within a single click. It is fast to execute your transactions at a rocket speed. Traders can access their trading history, which means it ensures full transparency.

Mobile App

Traders who love to trade with mobile can download the mobile app that is free to download from the Play Store and App Store. Trade anytime and anywhere from the MT 4 trading mobile app. It is a one-click trading platform with complete functionality.

WebTrader

Enjoy the MetaTrader 4 desktop version that is known as WebTrader. Traders can trade with their PCs on a user-friendly customisable interface. Get all analytical tools and one-tap access to all the functions. 

Brokereo Review: commissions & fees charges?

The broker is offering commission-free trading for every trading account type. However, swaps and spreads charges may vary from account to account. The overnight swap charges are higher but discounts are also provided by the broker. The swap discount also varies on the type of trading account you are using. In short, the charges of swaps and spreads are not fixed.

Traders’ profits decrease when a broker charges a commission on trading. It is a good thing that traders need not pay any amount of commission while trading with this broker.

Brokereo Review: deposit and withdrawal 

The trader requires a minimum deposit of $250 at the initial stage. A wide range of deposit and withdrawal options are available with the broker that are:

  • MasterCard
  • Neteller
  • Skrill
  • VISA
  • V pay
  • Maestro
  • Credit card
  • Webmoney
  • Wire transfer

These are the deposit and withdrawal options available with the broker. Traders can make a deposit or withdrawal within a few clicks at the trading platform. The process is kept simple to make it convenient for traders to easily manage their funds with the broker.

NordFX Review

Most Trusted Online Brokerage Platform

75% of retail CFD accounts lose money

Brokereo Review: Trading Instruments

More than 300 trading instruments are available for trading such as currencies, stocks, commodities, indices, and many more. Traders can freely opt for the trading instrument that they want to trade. 300+ CFDs are also available on multiple trading instruments. The trading costs or fees may depend on the account type a trader owns. The instruments are:

  • Stocks
  • Cryptocurrencies
  • Commodities
  • Indices
  • Metals
  • Currencies
  • CFDs

Brokereo scam or safe?

This broker is fully safe as it is a regulated broker of the Cyprus Securities and Exchange Commission (CySEC) under the license number (189/13). It also ensures SSL and firewall protection to keep transactions of traders encrypted. Traders’ funds up to 20,000 euros are insured with the broker as it is a member of ICF.

A huge number of traders are actively trading with this broker which also ensures that the broker is safe for trading in the financial markets. If any issue or fault occurs then the customer support team is ready to assist traders as soon as possible.

Brokereo Review: leverage?

The broker is offering retail leverage of 1:30 and professional leverage of 1:500. It is the maximum leverage offered by the broker. In the sliver, gold and platinum accounts traders can get leverage of 1:30. On the other hand, with a professional account, they can get leverage of 1:500. 

High leverage means low capital investment, trades need to invest less and they can trade more using leverage. Leverage gives the ability to trade beyond the funds available. The profit amount also gets maximised when you trade using leverage.

Brokereo Review: Educational and Research 

A wide range of research and analytical tools are available for traders that will assist in better decision making. Tools such as economic calendar, trading signals, daily financial news, and many more are offered by the broker. Traders should implement the use of these tools in their trading activities. The more tools you will use the better you’ll understand the market.

If a trader uses the tools offered by the broker, the returns earned by the trader can be maximized. As the tools are optimised in such a manner that traders can perform better.

Traders can access a huge collection of educational materials offered by the broker. A beginner can even learn a complete trading course using articles, video on demand (VODs), tutorials, eBooks, and trading courses available on the trading platform. Take advantage of the quality educational resources and be a pro trader in the market.

The best part is that on-demand videos are also provided by the broker. So, if you are having any problem you can ask for the video and resolve your query. The educational material is meant to enhance the level of information of each trader.

NordFX Review

Most Trusted Online Brokerage Platform

75% of retail CFD accounts lose money

Brokereo Review: customer support

Traders can get customer support from Monday to Friday between 7:00 to 16:00 GMT. A dedicated team is available to assist with any query a trader is facing. Support is offered by various mediums such as email, live chat and telephone. Traders can rely on the support team as they will give the best solution for any issues.

These are the three mediums through which traders can connect to the support team to resolve any query.

The Bottom Line

In summary of the above discussion, it is concluded that Brokereo is a regulated broker. But in our opinion and our experience from the last five years in the forex market we would like to suggest going with NordFX. It offers much more and best trading services compared to this broker. Explore detailed NordFX Review. Rest Your decision. If you choose NordFX as your broker and sign up through us you will get a chance to earn some extra reward. For Detailed you can explore

NordFX Review

Most Trusted Online Brokerage Platform

75% of retail CFD accounts lose money

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