Brokereo Review 2020 - Pros and Cons Uncovered
Brokereo is a new online broker that started its operation in 2020. However, for its initial performance, it already got The European Global Banking and Finance Award 2020.
So, what makes them so feasible to get the award?
Well, we will find that out in this Brokereo review. We will go through every possible detail of Brokereo. Without further ado, let's jump into it.
Brokereo Review: Regulation
Brokereo operates under Concorde Investments Ltd, which is based in Cyprus and regulated by Cyprus Securities and Exchange Commission. Besides, it also runs under the European Union Directive's accordance on Markets in Financial Instruments (MiFID). MiFID intends to make an integrated financial market where trader's funds are safe. However, Brokereo also operates cross border in EEA member states countries. But unfortunately, Brokereo is not available in the USA and Canada. Besides, US citizens located in Europe or other countries will not be able to use it either.
Brokereo Review: Markets
Brokereo markets will give you access to all offerings available in online trading. Besides, you will be able to use more than 20 analytical tools alongside cross platforms trading and also a huge number of asset choices. Let's see the market options.
Cryptos are having its peak time in recent days. With the Brokereo crypto market, you can trade all the top cryptocurrencies such as Bitcoin, Etherium, Ripple, Dash, etc. and other 30+ cryptos. To start trading cryptocurrencies, they won't charge for deposits, and you don't have to pay any commissions either. Moreover, Brokereo cryptocurrencies let you trade CFDs more like futures contracts instead of buying cryptocurrencies directly or mining. The main goal of Brokereo cryptos is to give you an advantage from a price change.
Commodities are playing a big role in the global economy that can get you an intriguing trading experience. The commodities values change rapidly, so taking actions at the right time is necessary, and Brokereo commodities trading tools can get you instant access to the top rated commodities instruments such as futures contracts, CFD trading, and margin trading to provide you the ultimate advantage from price hikes. You will get access to the 15+ top commodities, including corn and oil, without any commissions.
With Brokereo shares, you will be able to trade more than 150 stocks, including Amazon, Apple, Tesla, and much more. However, the primary goal of Brokereo shares is to provide you the maximum benefits from price movements. Besides, they will also allow you to take the short or long positions on your chosen stocks without any unexpected charges or commissions.
Brokereo index trading offers more than 15 world indices, including S&P500, DAX30, ASXSPI200, and more. For successful index trading, you can create your own trading strategy using 20+ analytical tools. Besides, you will also get a high execution speed for your bid placement.
The metal market with Brokereo offers a wide variety of opportunities for its users. You can trade metal without actually owning those. You can easily trade silver, gold, platinum, copper, etc. via the Brokereo CFD metal market. However, if you are not an expert in metal trading, Brokereo will provide you educational support to make you an expert in metal trading.
Brokereo offers all the major pairs along with other 45+ combinations of major, minor, and currency pairs. Besides, its research tools and market analytics provides the best opportunities for forex trading. Up to 1:400 leverage can also get you great speculations. Moreover, they also send all the related news, which can affect and help your trading decisions.
Features of Brokereo
Despite being a new broker, Brokereo offers all the features like an old established broker, which makes them reliable. The following are the great features offered by the Brokereo.
- Cross-platform trading with instant access to any markets.
- More than 20 tools for analytics.
- It can be used from any device anywhere.
- One-click trading features.
- User-friendly interface with customizable options.
- Provide correct analytics with a feasible strategy.
- Access the markets as long as they are open.
Brokereo manages to get the license from Meta Trader 4. So, like other top brokers, Brokereo also offers the best trading experience through Meta Trader 4. Whenever you open an account with Brokereo, you will get access to the Meta Trader 4 (MT4) with all the features, which you can use on your phone or pc and initiate your trading according to the strategy. Moreover, you can use trader through their web platform, too, and you will not miss any features.
Brokereo Trading Accounts
While researching for Brokereo review, we have found that they offer three trading accounts, which are Silver, Gold, and Platinum. Silver accounts are usually for the beginners, while the other two are for the quite expert traders. However, all the accounts offer 300+ assets through CFDs. You will get all the details on their official website. However, the basic difference among the accounts is on spreads, leverage, and swap discounts.
On the other hand, Brokereo offers a special account for professional clients, which comes with all the exclusive opportunities. For example, the features are trading volume, 100% margin call level, tight spreads, speedy order execution, and much more.
Review of Brokereo Customer Service
They offer swift customer service for 24 hours, five days a week. Besides, Gold, Platinum, and Professional account holders get a dedicated account manager for ease of trading.
Brokereo welcomes newbie traders, and that's why they have arranged all kinds of educational opportunities. Expert traders will also get access to educational tools. Brokereo educates its traders through video on demand, courses, ebooks, daily news, etc.
From our Brokereo review, we have found some tremendous features with a few cons. The minimum deposit is $250, which is relatively higher for the newbies. Also, their spreads are not lower, so this might be tough for some traders. Expect these Brokereo cons; they are great as a new forex broker.
On the other hand, they offer all the popular deposit and withdrawal methods. So, if you have good investments and want to deposit $250 initially, Brokereo is worth trying.