Brokereo Review: Important Facts you should Know Before Trading
Who doesn’t love to make some quick money? If you have some idle money sitting in your bank or you have a wish to start some business while you are at home or on vacation or sleeping, forex trading would be a prominent choice for you. However, it has some risks too, but trading with a good broker can reduce the associated risk and get you a considerable profit. To get things started, we have picked Brokereo, which is a new broker, and you will get the details in our Brokereo review.
To get the most out of forex trading, you will need a forex broker that provides the best service in terms of currency pairs, assets, platform, customer service, etc. It is really tough to get a broker that is top-notch in all these features; however, luckily, we have found Brokereo!
Nevertheless, they are new; Brokereo offers all the features evenly like the best Forex broker.
Things we Like about Brokereo
From our Brokereo review, we distinctly measure all the features and come up with a list of the things we like most about them. Let’s dig into the likeable offerings.
Regulation is the most important factor while selecting a broker. We will never suggest trading with a broker that is not a member of any regulatory bodies in the world. Brokereo is a regulated broker, and it is regulated by Cyprus Securities and Exchange Commission (CySEC), license number 189/13, which also allows any trader from Europe.
CySEC is a trustworthy regulatory body in the trading world, which also complies with the MiFID and ESMA, the two recognized financial frameworks in the European Union. Moreover, CySEC also ensures account segregation so that each trader fund remains secure.
Customer compensation fund
Have you ever thought or faced anything like a broker goes bankrupt? So, what will happen if a broker goes out of business and you have a huge fund or profit stuck with them?
Maybe this could be a loss for you, but with Brokereo, you will get all your money back! Brokereo, with compliance of CySEC, has a customer protection fund that will return your fund even if they go out of business or bankrupt.
Brokereo allows you to trade 350+ assets from 6 significant categories that include-
- Forex Currency Pairs
- Shares/ Stocks
So, with these asset categories, you can easily diversify your investment from the same account. Therefore, you don’t need to go to another broker as you are getting all in the same account.
The products we have mentioned above come with some lucrative offerings such as leverage, which is 1:300 for retail traders while it is 1:500 for professional traders.
A nanosecond execution time with the speedy server will not make any loss to you while placing an order. So, you will not get less slippage or spread markups.
As per CySEC terms and conditions, Brokereo does not offer any bonus or incentives for the traders. As a result, they provide an excellent real trading condition along with the assets, leverage, and commissions.
Instead of building its own platform, Brokereo uses MetaTrader 4, which is the widely know top platform in the CFD trading world. It also allows trading all the instruments from the same platform.
With MT4, you can access multiple technical indicators and analytical tools that will provide you to make the right trading decisions on time.
Besides, the different platforms also give you an edge in your trading. Platforms are-
- Desktop trading: Whenever you open an account with Brokereo, they will provide you with the MT4 desktop app, which you can install on your computer and start trading.
- Mobile grading: Great news is that they have mobile apps for download from google play or the app store. With your MT4 user id and pass, you can log in to the mobile app, and you will get almost all the benefits like the desktop app.
- Web trading: Apart from the desktop and mobile, you can now trade directly from the browser too.
Unique Features of MetaTrader 4
- 350+ assets to trade.
- Around 60 technical indicators.
- Web and mobile compatible.
- Secured server.
- Trade form anywhere.
Brokereo Review on Deposit and Withdrawals
Brokereo provides some easiest deposit and withdrawal methods with no commission. Bank wire transfer, credit/ debit Neteller and Skrill are used for deposit and withdrawal. However, Brokereo uses SSL encryption so that your transaction is safe and no chances for any data breach.
Review of Brokereo Educational Platform
For the past few years, CySEC required all the brokers to provide educational support for the traders. As a result, Brokereo offers an education platform for its traders, which they deliver in the form of videos, eBooks, Online Training, and Tutorials. This educational stuff are free to use for the account holders, which is available on mobile or desktop versions.
Brokereo Review: Things we Like about Brokereo
The minimum deposit of $250 seems really higher for the newbies; they should have taken a less amount to attract more newbies. Although, it is not bad in a sense if you think that they are providing services to some selected trader who can afford. Furthermore, they could increase the tradeable assets.
Should you Trade with Brokereo?
After this long Brokereo review, our final verdict is, you can go for trading with them as they have listed in the forex brokers list with their top-notch service.
On the other hand, Brokereo has a strong regulatory framework by CySEC, which makes it trustable. So, investing with Brokereo is totally safe.