If I am not wrong, you probably heard about Brokereo, and that is why you have landed on this page for Brokereo review. However, they have recently started their operation under the parent company Concorde Investments (Cyprus) Ltd, which is regulated by Cyprus Securities and Exchange Commission (CySEC), bearing license number 189/13.
You must need an account to trade with Brokereo, which you can open from their website. But, before head on to open an account, we would recommend you to go through this Brokereo review to understand their features and policies deeply.
First, let's start with Brokereo security measurements.
Is Brokereo Secure and Trustworthy?
The very first question that comes to a trader's mind while selecting a broker. So, we have measured Brokereo's security and trustworthiness. From Brokereo's website, we have found that they follow CySEC regulations, and they provide the license number. So, we have verified their claims with CySEC and found them with all the details.
CySEC supervises Brokereo, and many brokers in the forex brokers list through a regular audit, ensuring sufficient funds and providing security of client's fun. Furthermore, the regulatory body also ensures that the broker cannot initiate any kind of fraudulent activities.
Moreover, Brokereo keeps the clients' funds in a separate account from the company's account. So, clients' funds remain safe and are audited by the CySEC, which means you are always safe with Brokereo.
They also use SSL encryption to protect your data. All the data transmitted via the Brokereo server follow the PCI compliance for maximum security.
So, without any hesitation, we would say Brokereo is a secure and trustworthy broker.
What Account Types do Brokereo Offer?
At Brokereo, you will have the opportunity to choose from three different account types. All the accounts offer some common features such as a minimum deposit of $250, no fees on deposit and withdrawal, and access to 350 CFS. However, the features that make the difference among the accounts are leverage, swap discounts, and spreads. The leverage varied from 1:300 to 1:500 as per the account selection.
The three accounts are Silver, Gold, and Platinum. However, they categorized these accounts into two parts: for the retailers and another is for professionals.
Brokereo Review: Fees
Commission rate is a significant factor that may tell you the broker's situation. Brokers usually make profits from the commissions. However, leverage, along with the execution speed, may give you the maximum benefits in the case of profit. On the other hand, if you have to pay large commissions on your earnings, you will not see any significant profit. Fortunately, Brokereo doesn't charge a high commission. Besides, they do not charge on deposits and withdrawals either. So far, they focus on traders' profit more because the more you make a profit, the more they earn money.
Brokereo gets you relief from commissions as they don't take charges for instruments and account maintenance.
For the trading fees, the first thing that will come to your mind is bid/ask spreads, and it is comparatively lower than the competitors. The minimum spreads they offer is .03 pips. However, you will have to pay for overnight swaps, but you will get a discount for Gold and Platinum accounts, which are 25% and 50%, respectively.
Unlike other best forex brokers, Brokereo doesn't impose ridiculous non-trading fees. The only non-trading fees you will have to pay is inactivity. If your account remains inactive, you have to pay a small fee. However, you can avoid this easily by remaining active by trading frequently.
Brokereo Review: Platform
While selecting a broker, checking out their platform should be one of the top priorities. So, we have gone through their forex trading platform offerings and found that they use the MetaTrader 4 platform. It is the best platform for forex and CFD trading, which can be accessed via a mobile app, web browser, and desktop software.
Besides, Meta Trader 4 or MT4 provides a significant range of analytical tools and signals for the users.
Does Brokereo offer any Bonuses?
The straight answer is no. As per CySEC rules, no broker can offer any bonus or incentives to the traders. Because traders jump into a broker for incentives, some brokers may take the benefits of the traders.
Brokereo Trading Instruments
Now, traders can trade different assets from a single account. The instruments include forex, metal, crypto, shares, indices, and commodities. Furthermore, you just need to deposit on your account and trade whatever you want from the 350 CFD items list.
As a trader, it is always good to keep yourself updated on market trends. And, also educate yourself if you feel any lacking. Brokereo education platform will help you to learn via tutorials, on-demand videos, eBooks, etc. Besides, it will also send you news updates on recent economics so that you don't make any wrong decisions.
I hope this Brokereo review guide will help you understand better about the broker and its advantages. However, their secure and trustworthy features along with the potential benefits would surely attract you to start trade with the!
So, what are you waiting for! Catch the money flying on the trading market.