Brokereo Review

CFD Broker

  • A licensed broker
  • Easy to use trading platform
  • Tutorials and guides
  • Useful funding preferences
  • High minimum deposit at $250
  • USA clients excluded
  • Spreads are high

Overview

CHAPTER 1

Introduction

CHAPTER 2

How Brokereo works

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CHAPTER 3

How to sign up with Brokereo

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CHAPTER 4

Brokereo features

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CHAPTER 5

Conclusion

CHAPTER 1

Introduction


You can make lots of passive income with Forex trading when you have the knowledge and the right skillset. On the other hand, it could also become a nightmare if you use the wrong broker. Since Forex brokers aren’t created equal, our Brokereo review will help you differentiate the wheat from the chaff.

Brokereo is a fully accredited Forex broker operating from Cyprus. The firm is licensed by the Cyprus Securities and Exchange Commission (CySEC). A CySEC license is your guarantee that you’re dealing with a genuine company that also enforces ESMA and MiFiD directives within the European Union territory. You can rest assured that you are protected from any unlawful treatment by the broker.

Brokereo has three separate mechanisms to ensure your funds are safe. These are Account segregation, Customer compensation fund, and Negative balance protection. This means that should anything unexpected happen in the market. You have your funds safe and secure in a segregated account. Also, you are sure not to get into a negative balance when using leverage.

CHAPTER 2

How Brokereo works


Brokereo avails more than 350 instruments to traders but offers a few more cryptocurrencies than your average broker. They also have several CFD Futures and futures contracts from different leading exchanges like CME or ICE.

Users can trade from several international markets, including Forex CFDs, stock CFDs, cryptocurrency CFDs, metal CFDs, to name just but a few. There are well over one hundred different international stocks to choose from.

You can also select from the world’s foremost and minor currencies without forgetting some exotic ones like USD/Indian Rupee. The most popular available commodities include oil and exotic products like copper, cotton, cocoa, coffee, and even orange juice.

When it comes to cryptocurrency CFDs, you can choose from leading cryptos like Bitcoin and Ethereum or Litecoin and Ripple. They also have the more exotic ones like Babel, Cardano, Lisk, Verge, Stellar, and Swisscoin.

The available instruments include:

  1. More than 45 forex/currency pairs
  2. More than 20 commodity
  3. More than 20 indices
  4. Over150 shares
  5. Over 30 cryptocurrencies
  6. Over three metals

CHAPTER 3

How to sign up with Brokereo


Like most other licensed trading platforms, it takes time to open an account as there are stringent measures to follow at Brokereo. The regulatory body CySEC has made it compulsory that traders adhere to the strict AML/KYC laws. You will be therefore required to submit proof of residence and proof of identity.

All the same, the four-step process isn’t complicated. You’llYou’ll start by entering your basic details like your name and telephone number. After that, you’ll be required to fill in and submit an eligibility questionnaire that you’ll submit together with your documents. Once everything is submitted, the firm takes between 1 and 2 days to make approvals.

Once you’ve ve been approved, you can deposit to your new account, where the minimum amount is $250 for any of the three types of accounts.

Deposits, Withdrawals, and Fees

Depositing and withdrawing funds to and from the broker can be done using numerous payment methods. These include credit/debit cards such as MasterCard, Visa, V Pay, and Maestro or e-wallets like Neteller and Skrill and bank transfers.

Once you make a deposit, it takes just a few minutes before reflecting on your Brokereo account. Nonetheless, withdrawal could drag a little bit longer based on your preferred payment method. This is especially true for clients using bank transfers.

The good news is that the broker doesn’t charge commissions on trading, meaning that you’ll only be concerned with spreads. While their spreads may appear to be higher than most other brokers, they are still within reasonable limits. Brokereo charges an €80 account maintenance fee for users whose accounts remain inactive for over 61 days. Thankfully, they don’t charge withdrawal and deposit fees.

CHAPTER 4

Brokereo features


The Brokereo platform operates on the renowned Metatrader4 Web Trader platform, which works perfectly for beginners and experts. The main features of the Metatrder4 web platform include the availability of 3 different types of charts, over 20 technical indicators, and several asset classes.

Brokereo’sBrokereo’s mobile trading platform enables traders to use Android or iOS systems to access trading no matter where they may be. The mobile app is available on Apple Store or Google PlayStore. Some of the mobile app’s best features include being able to access quotes in real-time, trading on multiple assets, and doing analyses while on the go.

Take note, though, that Brokereo doesn’t offer any promotions or bonuses.

The company offers interactive customer support Monday to Friday from 8:00 to 17:00 GMT. You can access the support team via telephone, email, or live chat. Once you log in, service agents will greet you, and they respond to queries adequately and pretty fast.

Brokereo offers its clients a wide array of educational materials that include tutorials, eBooks, well-researched courses, and videos-on-demand. All these are available for all traders and educate users on beginner’s courses, trading strategies, CFDs, MetaTrader tutorials, and mobile tutorials.

Brokereo accepts users from many countries apart from the United States, Canada, and a few other countries due to legal restrictions.

CHAPTER 5

Conclusion


After all, is said and done, what’s our take on Brokereo? Well, we believe that the broker can be trusted to handle your hard-earned money. The prestigious licensing by CySEC is your guarantee that you’re not dealing with a fake company. Additionally, the broker has put in place several trusted fund protection mechanisms.

Doing business through Brokereo can be pretty lucrative too, what with the hundreds of trade instruments you can choose from. The low commission levels and maximum leverage of 1:500 add icing to the cake. The firm’s strict trading terms and conditions, policies, and safety measures make for a trustworthy and credible broker.

Frequently Asked Questions

Is your question not answered here? Let us know!

Brokereo is duly licensed by CySEC.

Brokereo’s earnings comes primarily through swaps and spreads.

You can make your deposit using credit/debit cards, bank transfer, or other e-wallet accounts.

Yes the smallest amount you can deposit is 250 USD.

Screenshots of Brokereo

Pros and Cons with Brokereo

  • A licensed broker
  • Easy to use trading platform
  • Tutorials and guides
  • Useful funding preferences
  • High minimum deposit at $250
  • USA clients excluded
  • Spreads are high

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