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Brokereo Review 2024

brokereo
3.9
Excellent50%
Very good25%
Average6%
Poor6%
Terrible13%
rb-badge
brokereo
3.9
Excellent50%
Very good25%
Average6%
Poor6%
Terrible13%

Brokereo Review 2024

71% of retail investor accounts lose money, …

brokereo

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brokereo

Brokereo

3.9

16
Rating

Overview

Brokereo was founded in 2020, and it is the operating name of Concorde Investments (Cyprus) Ltd. Broker is regulated and sanctioned by the Cyprus Securities and Exchange Commission (CySEC). The broker offers 300+ trading CFDs instruments on various asset classes like forex, cryptocurrency commodities, stocks, metals, and indices.

The broker mainly offers three types of trading accounts: silver, gold, and Platinum. A trader can trade on MetaTrader 4 platform. The broker offers customer support service from Monday to Friday 8.00 am to 5.00 pm GMT through email, telephone, and live chat.

The headquarters is at Pavlou Nirvana No 4, ALPHA TOWER, Office N 13, 3021 Limassol, Cyprus. A trader can use educational and research material to predict the future market of the assets. 

For beginners and professional investors, it is the best online forex broker in the market for its services and features. Before investing money in trading, a trader has to deposit the initial amount of money into the trading account, which is $250

Is Brokereo a Scam: Read Full Regulations

Brokereo is the legit broker in the market, regulated and approved by the Cyprus Securities and Exchange Commission (CySEC). Therefore, the investor’s funds are completely secure and safe on the trading platforms. The broker mainly offers three types of reading accounts to the investor: silver, gold, and Platinum.

The Broker platform is a popular choice of beginners and the professional level of traders. The broker uses upgraded technology to secure the transactions of investors.

Our recommendation: Trading at Brokereo Review 2024

  • Withdrawal of funds is swift
  • Cross-trading platform available
  • Access more than 10000 markets for trading
  • Minimum spreads start from 0.03 pips
  • Zero commissions on deposits and trading

 

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Advantages and disadvantages of Brokereo Review 2024

  • It offers commission-free trading to all investors.
  • A trader has a choice of 300+ FDs instruments.
  • It offers a demo account for beginners.
  • The minimum deposit is $250 to start trading 
  • Broker doesn’t offer MetaTrader 5 platform for trading.

Trading Account Types

Brokereo generally offers three types of trading accounts to the investors such as silver, gold, and platinum. It also provides a free demo account.

Silver Trading Account

Generally, the silver trading account is for beginners who started trading recently and gained knowledge about the trading. A trader can own 45+ currency pairs, 180+ stocks, 20 indices, metals like Silver and Gold, crude oil, and many more popular assets in a silver account.

What are the key features of the silver trading account?

  • In the silver account, the spread starts from 1.
  • The maximum FX leverage for professional clients up to 1:200
  • The available base currency of the silver account is EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP.
  • Brokereo doesn’t charge commission in the silver trading account.
  • The broker provides a 24/5 customer support service to the investors.
  • A trader can trade 300+ CFDs on assets.
  • The average execution speed is 1.
  • Margin call/ Stop-out 100%/50%.
  • The account currency is USD/GBP/EUR.
  • The execution Model is STP.
  • The accounts holders have a personal manager.
  • Hedging is allowed by the broker. 

Gold Trading Account

Gold account is basically for the intermediate in trading because in which the features are advanced compared to the silver account. A trader can trade Instant access to international markets and 300+ CFDs on various currency pairs.  

What are the key features of the gold account?

  • Spread starting from 0.4
  • The available base currency of the silver account is EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP.
  • The brokerage company doesn’t charge any commission while trading in the gold trading account.
  • The broker provides the customer’s full support for the problem-solving of the investor.
  • A trader can have 300+ CFDs on assets.
  • A trader can deposit an unlimited amount of money into the trading account. The broker doesn’t charge any commission on trading.
  • The account currencies are USD, GBP, EUR.
  • Average execution speed 1 second.
  • Margin call/ Stop-out for retail clients100%/50%.
  • The execution Model is STP.

Platinum Trading Account

It is the advanced level of trading account in which the investor all types of features and services necessary while trading. An investor has the option of leverage of 1:500 for trading.

What are the key features of the platinum trading account?

  • The spread starts from 0.3.
  • The available base currencies in the platinum account are EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP, and many more.
  • The brokerage company doesn’t charge any commission while trading in the market.
  • A trader can deposit unlimited money into the trading account.
  • Margin call/ Stop-out for Pro accounts 100%/15%.
  • The average execution speed is 1 second.
  • The execution Model is STP.
  • The account currency is USD, GBP, EUR.
  • A trader has a customer support service if any problem is faced while trading.
  • Negative Balance Protection

Account Opening Process

Brokereo is one of the best online forex brokers in the market for its services and features. Before starting trading, a trader has to deposit a minimum of $250. Here is the essential step which the trader follows to open a trading account with Brokereo:

  • In the beginning, a trader has to apply online on the official website and fill out the application form in which all the details related to the investor such as name, age, address, country, etc.
  • Then the trader has to answer the questionnaire, which is related to the trading goals and plans.
  • After that, new investors have to verify their trading account with their government ID card.
  • Lastly, deposit $250 as an initial amount of money to start trading with Brokereo.

 

Our recommendation: Trading at Brokereo Review 2024

  • Withdrawal of funds is swift
  • Cross-trading platform available
  • Access more than 10000 markets for trading
  • Minimum spreads start from 0.03 pips
  • Zero commissions on deposits and trading

 

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Trading and Financial Instruments

Brokereo offered a variety of tradable assets such as forex, cryptocurrency, commodities, stocks, metals, and indices.

Cryptocurrency

  • A trader can trade CFDs for Bitcoin & 30+ other assets.
  • Brokers don’t charge any commission on trading.
  • A trader can freely deposit unlimited money into trading accounts.
  • Cross-platform trading
  • A trader can trade on PC, Web, and mobile devices.
  • Instant access to the global market.

Forex

  • A trader can trade on 45+ CFD currency pairs major, minor, exotic.
  • Leverage up to 1:400 (for professional clients).
  • CySEC regulates it.
  • Flexible platform for PC, web, mobile, and tablet.

Commodities

  • A trader can trade on CFD trading for Oil, Corn & 15+ commodities.
  • Instant access to the international market.
  • Cross-platform trading is available for PC, web, and mobile phones.
  • The brokerage company doesn’t charge any commission on trading.
  • The broker offers 20+ analytical tools for trading.

Metals

  • A trader can trade on Gold, Platinum, Silver, and other metals.
  • CySEC regulates it.
  • A trader has flexible platforms such as PC, web, mobile, and tablet versions.
  • The broker provides a customer support service to the investors.

Indices

  • A trader can trade on CFD trading on ASXSPI200, DAX30 & 15 more major world indices.
  • Cross-platform trading is available for PC, web, and mobile phones.
  • Instant access to the global indices market.
  • A trader is completely free to deposit unlimited money into the trading accounts.
  • The broker charges no commission.

shares

  • 60 CFDs on popular international stocks.
  • Instant access to the market at any market hours.
  • The broker will charge no unexpected charges or fees.
  • A trader has cross-platform trading from one synchronized account.
  • Also, it offers 150+ CFDs on stocks of renowned companies. 

 

Commission & Spreads Offered by Broker

  • The brokerage company offers commission-free traders to all traders.
  • The brokerage firm charges the inactivity fee from the traders if the investor is inactive in the market for more than 60 days.
  • The broker only charged the swap fee from investors.

Spread in silver account

  • Gold 3.00
  • Crude oil 1.00
  • Dax 5.00
  • EUR/USD 3.0
  • GBP/USD 3.5
  • USD/JPY 3.5

Spread in the gold account

  • Gold 1.80
  • Crude oil 0.40
  • Dax 3.75
  • EUR/USD 2.5
  • GBP/USD 3.0
  • USD/JPY 3.0

Spread in platinum account

  • Gold 1.50
  • Crude oil 0.30
  • Dax 2.50
  • EUR/USD 2.0
  • GBP/USD 2.5
  • USD/JPY 2.5

Leverage

The brokerage firms offer the maximum leverage of 1:400 to the professional investors and 1:200 to the retail investors.

But on the other side, the leverage amount is risky for the retail traders because if anything happens in the market then the investor bears the financial loss.

Leverage in silver account

  • Forex                              1:200
  • Metals                            1:50
  • Indices                           1:50
  • Commodity                 1:50
  • Cryptocurrency           1:2
  • Stocks                           1:10

Leverage in the gold account

  • Forex                         1:400
  • Metals                       1:100
  • Indices                      1:100
  • Commodity              1:100
  • Cryptocurrency       1:2
  • Stocks                        1:10

Leverage in the platinum account

  • Forex                          1:400
  • Metals                        1:125
  • Indices                       1:125
  • Commodity             1:125
  • Cryptocurrency     1:2
  • Stocks                      1:10

Brokereo Deposit and Withdrawal

  • The deposit and withdrawal option of the broker is via skrill, Neteller, MasterCard, Maestro, etc.
  • A trader can deposit unlimited money into the trading account.
  • The broker doesn’t charge any commission while depositing the money into the trading account.
Providers Brokereo
Swap charges Different on gold, silver, and platinum accounts
Spreads Begins from 0.03 pips
Deposit commission No commission charged
Currency conversion Charges applied

Trading Platform

The online brokerage firm offers three types of excellent trading platforms to investors: Web Trader, Mobile Trader, and MetaTrader 4 platform. Each platform has unique features and functions, which is helpful for the trader to predict the market conditions for investment. It also offers best-in-class automated trading and exceptional trading conditions.

Web Trader platform

It is one of the most common trading platforms offered by the Brokereo and in which the trader has all types of trading tools and indicators that are useful to predict the future price of the assets.

What are the features of the web trader platform?

  • Optimized search among 300+ CFDs on assets
  • Instant one-tap order control
  • Round-the-clock market access
  • Precise analytics with visualization
  • User-friendly customizable interface
  • The broker offers 20+ analytical tools for trading.
  • A trader does not need to download the software for trading. They only need to log in to their trading account and start trading anywhere.
  • It is an award-winning platform for investors.

MetaTrader 4 platform

MetaTrader 4 platform is the advanced level of the trading platform used by the investor in which the trader has a lot of tools and indicators. MT4 is a tech-tank of ultramodern solutions.

What are the features of the MetaTrader 4 platform?

  • A trader can customize the trading platform according to their trading plans and goals.
  • The platform is multifunctionality and has Instant, Request, Market, and Exchange execution modes.
  • The platform has transparency. You can keep track of order types and order operations.
  • Use the stop-loss function.
  • The platform performs different types of analytics.
  • With the help of this platform, it is easy to connect to the market.
  • It is an award-winning platform.

 

Company Details

Assets

  • Cryptocurrencies 30+
  • Commodities 15+
  • Shares 60+
  • Indices 17+
  • Metals
  • Forex 45+

 

Basics

  • Country: Cyprus
  • License: 189/13
  • Regulations: CySEC

 

Customer Service

  • Live Chat Support
  • Phone number: +35780092710

 

Our recommendation: Trading at Brokereo Review 2024

  • Withdrawal of funds is swift
  • Cross-trading platform available
  • Access more than 10000 markets for trading
  • Minimum spreads start from 0.03 pips
  • Zero commissions on deposits and trading

 

download (1)
Recommended Broker

Mobile Trading App

It is the platform that is to be downloaded by the investor for trading. A trader can use this platform from anywhere in the world. The only need is to download the mobile trading app and start trading.  

What are the features of the Mobile Trading platform?

  • It is a 100% functional platform for investors.
  • You can download the software free of cost and start trading.
  • A trader can download on any type of device Android as well as ios.
  • The trader has full types of trading tools and indicators.
  • The complete account is in your hand you can customize the platform according to your need.
  • The trader has the option of Rapid price hikes, non-stop change of asset value, thousands of trades live, and complex trading instruments.

Education and Research Support

The brokerage company provides a variety of educational and research resources to the trades through VOD, Articles, Courses, Tutorials, Ebook. It is useful to gain knowledge about the market. After that, a trader needs to practice on the demo account first and select the best trading strategies for trading in the future. 

Customer Support Services

The customer support service of the Brokereo is amazing for the investors because they are well educated and experienced and solve their problems in a good manner. always take the best decision against it.

Email: [email protected]  

Address: Pavlou Nirvana No 4, ALPHA TOWER, Office N 13, 3021 Limassol, Cyprus

Phone number: +448000318430

Final Verdict

High-Risk Investment Warning: CFDs (Contracts for Difference) are sophisticated financial instruments and carry a substantial risk of incurring rapid losses due to the use of leverage. In fact, 70% of retail investor accounts experience financial losses when trading CFDs with this particular provider. It’s essential to assess your understanding of how CFDs function and carefully evaluate whether you can financially bear the high risk associated with potential losses. Please read the complete Risk Disclosure Statement, which gives you a more detailed explanation of the risks involved.

Disclaimer

At Trending Brokers, our aim is to provide you with diverse perspectives, unbiased assessments, and in-depth scrutiny. We maintain our commitment to precision through stringent data validation and consultations with industry mavens. It’s important to acknowledge that, though infrequent, minor fluctuations may occasionally manifest. Rest assured, our resolve to deliver impartial evaluations, thorough analysis, and well-informed viewpoints remains steadfast.

We feel compelled to offer some guidance on the subject of investing in financial instruments, commodities, and assorted assets, which inherently entail a significant degree of risk. There exists the potential for a complete loss of your invested capital. We strongly advise engaging in such ventures only if you possess a comprehensive understanding of the associated hazards. Please bear in mind that Trending Brokers refrains from providing investment advice or any semblance of financial counsel.

Your financial security is of paramount importance to us, and we emphatically advocate for the exercise of due diligence and the pursuit of professional guidance when making investment decisions.

Yes, Brokereo is a reliable broker in the market because it is regualted and approved by the Cyprus Securities and Exchange Commission (CySEC).

The broker offers maximum leverage of 1:500

The broker offers advanced trading platform Metatrader4

The minimum deposit is $250

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