Brokereo

Table of Contents

brokereo
4.2
4.2 rating
(based on 6 reviews)
Excellent33%
Very good50%
Average17%
Poor0%
Terrible0%
72% of of retail investor accounts lose money when trading CFDs with this provider.

Brokereo Experiences & Review

In this Review & Test we will report about our Brokereo experiences. We will go into the most important aspects and also offer the possibility for you to rate and comment

The most important facts about Brokereo

Brokereo is a brand-new CFD & forex broker located and regulated in Cyprus. Brokereo is the trading name of Concorde Investments (Cyprus) Ltd with License number 189/13

Your rating of Brokereo

brokereo

If you know this broker, please leave a rating. You do not have to comment to rate but feel free to comment if you have an opinion on this broker.

The most important facts about Brokereo

What we liked about Brokereo

In our Brokereo review, we liked the cryptocurrency offer the most. With over 30 CFD cryptocurrencies Brokereo is worthy of a second look for crypto enthusiasts. Brokereo is a modern broker with a new infrastructure. Their website is top-notch and you can access all relevant information quickly. Brokereo offers a wide range of learning materials. Available materials are VODs, Courses, Articles, E-books, Tutorials. To keep traders up to date with news Brokereo offers an economic calendar as well.

More than 30 cryptocurrencies

A lot of learning materials

Crypto vs USD, EUR, GBP

Brand-new broker

What we disliked about Brokereo

In our Brokereo review, we liked the account tiers the least. We understand the reason behind it, to give the customer an incentive to deposit more and thus trade a higher volume. However, we prefer it if there is only a single account tier to make it fairer for small traders with small accounts. The spreads on the low-end tiers could be a little better. The inactivity fee and withdrawal fee is another small negative point.

Account tiers

Inactivity fee

"only" 350 trading assets

Brand-new broker

Comparison Brokereo vs. average Broker

Available Trading Assets

DAX Spreads

Gold Spreads

Which trading assets are available at Brokereo

brokereo trading assets instruments

Brokereo offers over 350 different trading instruments. Which is a similar to the average broker. However, Brokereo.com offers an above-average amount of cryptocurrencies but could add a few more stocks. CFD Futures are available and use different future contracts as underlying from different exchanges like the ICE or CME as underlying.

At Brokereo you can trade a variety of international markets such as index CFDs, stock CFDs, foreign exchange CFDs, commodity CFDs, precious metal CFDs, crypto-currency CFDs. You can choose from over 100 different stocks from around the world.

Brokereo has major and minor currencies in their offering, but also exotic ones like the US Dollar vs. South Indian Rupee. Some available commodity CFDs are classic products like oil, but also exotic products like coffee, cocoa, cotton, orange juice or copper. Brokereo.com offers a wide variety of CFD’s from famous cryptocurrencies to other more exotic ones. You can choose to trade with the most popular cryptos such as Bitcoin, Ethereum, Ripple or Litecoin. Also, available are more exotics such as Cardano, Babel, Lisk, Quantreum, Swisscoin, Stellar or Verge.

Among the available instruments are:

  • +45 forex/currency pairs
  • +20 commodity
  • +20 indices
  • +150 shares
  • +30 cryptocurrencies
  • +3 metals

Brokereo Review, Experiences & Trading Conditions

brokereo review and experiences

Our Brokereo review and experience is mixed. Brokereo has a really modern infrastructure and their varied offer of cryptocurrencies is a big plus. Meanwhile, their account tiers are negative, as we dislike incentives to deposit more. Brokereo divides clients into three different accounts: Silver, Gold and Platinum.

The spreads and swaps depend on the status of the account. Once you have reached the platinum account, the spreads and swaps will be tight, but the spreads could be better for the silver accounts. Brokereo does not charge any trading commissions and gives a flat 0% commission promise.

The commercial assets offered cover a wide variety of international markets. Brokereo even offers exotic forex pairs with currencies such as the Hungarian Forint, Singapore Dollar, or South African Rand. They offer CFDs on exotic cryptocurrencies like Lisk, Quantreum, Cardano, Babel, Swisscoin, Stellar or Verge, but also popular ones like Bitcoin, Ethereum, Ripple or Litecoin.

Brokereo has a fast execution of orders/trading-positions, guaranteed by SAS 70 certified data centres. The available trading software mainly relies on the popular MetaTrader 4, which can be accessed via PC, from the web and mobile smartphone/tablet.

What is special about Brokereo? If you encounter any issues or have suggestions, you can even contact the management through a separate contact form. To ensure fast and smooth deposits and withdrawals, you have the option to choose from several payment methods. PayPal is currently not available.

Scalping allowed

Hedging allowed

Negative Balance Protection

Guaranteed Stop Loss

STP/DMA Execution

ECN/RAW Account

Deposit Bonus

Loyalty Bonus

Available Trading Software and Platform at Brokereo

brokereo platform

Brokereo offers several options as trading platform. Brokereo gives you access to the MetaTrader4 (MT4), a popular desktop trading software, or a mobile application or webtrader.

MetaTrader 4: Brokereo focuses on the most used trading software in the world which is MetaTrader 4. MetaTrader 4 is a robust, fast and flexible trading software that can be used on both MAC and Windows computers. Once you have registered with Brokereo, you can their trading platform through a free demo account.

brokereo metatrader

Webtrader: Brokereo offers the MT4 as a WebTrader if you want to access your account from a different computer. You can log in and use most of the functions that are available in regular MT4. However, you will not be able to see your desktop settings. However, you can access your open positions, modify them or open new ones.

Mobile Application: Brokereo has connected its trading servers to the MT4 mobile application. You can access your funds and trade from anywhere, as long as you have your smartphone with you. The app is available for both Android and Apple users. The trading app is useful if you want to trade while you’re away from home.

Available Accounts at Brokereo

brokereo demo account

There are three different types of accounts at Brokereo: Silver, Gold and Platinum. Each status offers different conditions and free access to additional services. What type of accounts you have will depend on your deposits, capital and trading behaviour. After you register, your account executive will call you to help you with setup and anything else you need to get started quickly. Your Account Manager will decide which category your account should fall into.

More info is available in the following table:

Silver Gold Platinum
Max. FX leverage (retail) 1:30 1:30 1:30
Spreads starting from 0.07 0.05 0.03
Max FX leverage (pro) 1:400 1:500
Spread EUR/USD 28 20 18
Gold 80 70 60
Crude Oil 250 200 200
Withdrawal Process 5 days 5 days 5 days
Free Demo Account
Free VPS
Account Manager
Webinars & Videos
Islamic
24/5 Support
Fifth Decimal (Forex)
Hedging
Swap Discount 0% 25% 50%

Deposits and withdrawals at Brokereo

brokereo deposit and withdrawal

Payment Options: Brokereo.com offers a wide variety of payment options. Its payment options include Trustly,  Inatec(PowerCash), Isignthis, SolidPay, Inpay and Paydoo. In addition, merchants have the ability to make a deposit via Neteller, Visa, Mastercard, Maestro, SafeCharge, Paysafe, Skrill and Wire Transfers.

Fund Security: Brokereo believes that account segregation is important to protect the privacy, funds and assets of the individual trader. In addition, funds are segregated from their corporate operating accounts and deposited in well-established international banks. Brokereo seeks the highest possible security.

Security: Brokereo uses the latest hardware and software to protect all data systems. Strict firewall rules and Secure Sockets Layer (SSL) software are used to protect all data during transmission. Transactions are moderated by Level 1 PCI compliance services to store and manage all your forms securely.

Like any other regulated broker, withdrawals will only be effected towards the client. Brokereo will not perform withdrawals to any other third party or anonymous account.

Brokereo reserves the right to charge a withdrawal fee at an amount equal to 50 EUR (or an equivalent amount according to the denominated currency in the client’s trading account) in the case there is insignificant (only one single position placed on the trading account) or no trading activity in the client’s trading account prior to the submission of the withdrawal request. In case the client wishes to withdraw less than €100, additional fees may apply and you will be informed in advance accordingly.

How is the service at Brokereo

brokereo service and support

Brokereo’s customer service is often available. In our tests, we have tried to contact Brokereo services and each time we were able to get in touch quickly. If you need or want assistance, there are a few possible ways to contact the Brokereo service.

You can call them by phone, contact them via Live-Chat, email them or use their contact form. Their telephone service is available from Monday to Sunday: from 07:00 to 17:00 GMT.

Since Brokereo is a new broker, we do not have any verified feedback from traders about their experiences with them. We will update this section once it becomes available.

Is Brokereo regulated and secure?

brokereo regulation

When it comes to regulation, Brokereo is a regulated brand under the CySec (Cyprus / EU) regulation.

Brokereo is a trade name operated by Concorde Investments (Cyprus) Ltd, authorized and regulated by the Cyprus Securities and Exchange Commission (License number 189/13). The head office of the Company is located at Pavlou Nirvana No 4, ALPHA TOWER, Office N 13, 3021 Limassol, Cyprus. Another approved domain is www.concordeinvestments.com

You can find more information about the regulation on the CySec website.

Summary: Review of Brokereo

Our Brokereo review is mixed, but we recommend crypto traders to take a second look at Brokereo. Beginner traders should test Brokereo.com on a free demo account before starting with a live account and check out the learning materials. Experienced Traders will like the MetaTrader 4 as the main trading platform.

Highlight's of Brokereo

Free demo account

+30 crypto currencies

Max. Leverage 1:500 for pro accounts

350 trading instruments

How do you open an account at Brokereo

By regulation, every new client must go through some basic compliance checks to ensure that you understand the risks of trading and are admitted to trading. When you open an account, you will probably be asked for the following items, so it is good to have them handy: A scanned colour copy of your passport or national ID A utility bill or bank statement from the last six months with your address You will also need to answer a few basic compliance questions to confirm how much trading experience you have. It is therefore best to take at least 10 minutes to complete the account opening process. Although you can explore the demo account immediately, it is important to note that you cannot make any real trading transactions until you have passed compliance, which can take up to several days depending on your situation.

To open an account at Brokereo just press the button below
CFDs are complex instruments and involve a high level of risk due to leverage. 72% of of retail investor accounts lose money when trading CFDs with this provider.

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