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Brokereo Review

Brokereo__original
Brokereo__original

Brokereo Review

71% of retail investor accounts lose money, …

Brokereo__original

Brokereo

4.3
Rated 4.3 out of 5

Overview

Brokereo is an emerging forex and CFD brokerage platform that has been operating since 2020. But even after 2 years of being in the industry, the lack of clarity over its services and fee structure has given nothing but confusion. So, we took this upon ourselves and decided to research the broker to deliver an unbiased and detailed Brokereo Review.

Researching has never been easy; it took nearly two weeks for us to analyze the broker, its services, account types, fee, leverage offerings and, most importantly, its regulatory compliance, so you don’t need to look anywhere else to determine whether the broker’s profile matches your requirements.

In this research-backed Brokereo Review, we will be discussing some objective and unbiased insights into the services offered by the platform.

Brokereo Review 2023: What Is Brokereo?

Brokereo is a new CFD & Forex broker launched in 2020 under Concorde Investments Ltd, formerly known as Skopalino Finance Ltd. The broker headquarter is located at Pavlou Nirvana No.4, ALPHA TOWER, Office N.13, 3021 Limassol, Cyprus.

Despite being new in the industry, the broker has already made a great reputation among global CFD traders thanks to its comprehensive trading services and features.

The platform allows trading on more than 300 CFD financial instruments across Cryptocurrencies, Currency pairs, Commodities, Stocks, Indices and Metals.

Is Brokereo Reliable Or Scam?

The most important aspect of choosing the best brokerage platform is to check for its regulatory approval. In this case, Brokereo is a legit trading platform, abiding by all the rules and regulations set up by the Cyprus Securities and Exchange Commission (License number 189/13).

At the same time, we scrolled down the internet to find out any scams associated with the platform. To our surprise, there was not a single Capixal scam-related complaint. Above all, the platform has secured 4.4/5 star ratings on Trustpilot.

Investors can check the broker’s website for detailed information on its regulatory authorities. Overall, considering all the above-listed points, it can be said that Brokereo is a legitimate broker, not a scam. 

Our recommendation: Trading at Brokereo Review

  • Exclusive Islamic Account for Muslim Trader
  • Dedicated Account Manager
  • Customized Investment News Alert
  • Extensive Range of Assets
  • No Minimum Deposit Requirement
Brokereo__original

Advantages and disadvantages of Brokereo Review

  • Cutting-edge Trading Platform 
  • 24×5 Professional Customer support 
  • Commission-free trading 
  • Advanced Analytical Tools 
  • 300+ CFD trading instruments 
  • Award-winning Services
  • Fast Trade Execution
  • Restricts US Investors 
  • High Swap Charges

Brokereo Review: What Are The Account Types Available?

Brokereo has unique trading accounts that redefine market excellence. The broker is well aware of the significance of trading accounts for investors as they find individuality in their trading thrill in these. Thus, the broker has tailor-made the brokerage accounts with exclusive spreads and other features that are suitable for market trading. 

Bronze Account 

Bronze is the basic trading account of the broker that has been made for beginners in the market. Traders can use the services of the account to invest and trade by learning from their market investments. The bronze account has the following features to offer: 

  • Maximum leverage 1:30 
  • Minimum spread starts from 2.0 pip 
  • CFD on 300+ underlying assets 
  • 24/5 customer support 
  • Fifth decimal trading 
  • Hedging 

Silver Account 

Silver is the next level account of the broker after bronze; best fit for beginners and traders that have little market experience. The account has been designed with spread and leverage facilities that align with traders’ requirements. 

Traders can have the following features to benefit from a silver account: 

  • No minimum deposit 
  • Spreads from 1 pip 
  • Maximum leverage for professional clients 1:200 
  • Available base currencies 
  • Zero trading commission 
  • 24/5 customer support 
  • CFD Trading on 300+ underlying assets
  • STP execution model 
  • Execution speed 1 second 
  • Marginal call 100% 
  • Stop-out 50% 
  • Account currency USD/GBP/EUR
  • Alerts 
  • Personal manager 
  • Videos and webinars 
  • Islamic account option 
  • Hedging 

Gold Account 

Gold account is designed especially for expert and professional traders. This account helps boost the traders’ confidence with improved conditions and enhanced features. 

Brokereo gold account holders can enjoy the benefits of the following services: 

  • No minimum deposit 
  • Spreads from 0.4 pip 
  • Maximum forex leverage for professional clients 1:200 
  • Available base currencies 
  • Zero trade commission 
  • 24/5 customer support 
  • CFD Trading on 300+ underlying assets
  • STP execution model 
  • Account currencies USD/GBP/EUR 
  • 1 second average execution speed 
  • Marginal call 100% 
  • Stop-out 50% 
  • Alerts 
  • Free VPS 
  • Personal manager 
  • Videos and webinars 
  • Islamic account option 
  • Fifth decimal trading 
  • Hedging 
  • Swap discount 25% 

Platinum Account  

The platinum trading account offered by Brokereo broker is for professional & high-volume traders. Thus, offering complete traders with premium trading conditions. The account has services tailored for investors so that they can invest easily and make the best use of their trading experience. Here are some top features of the platinum account:

  • No minimum deposit 
  • Spreads from 0.3 pip 
  • Maximum forex leverage for professionals 1:200 
  • Available base currencies 
  • Zero trade commission 
  • 24/5 customer support 
  • 300+ CFD on assets 
  • STP execution model 
  • USD/GBP/EUR account currencies 
  • Average execution speed of 1 second 
  • Marginal call 100% 
  • Stop-out 15% 
  • Alerts 
  • Free VPS 
  • Personal manager 
  • Video and webinars 
  • Islamic account option 
  • Fifth decimal 
  • Hedging 
  • Swap discount 50%

How To Open An Account In Brokereo?

The account opening process of Brokereo is quick and takes less than 15 minutes. All you to do is visit the official webpage of the broker (www.brokereo.com) and click on the “Sign Up” button and follow the below-listed steps: 

  • The initial step is to fill in the account information, including your name, email, country code, contact number, password for the account, and a tick mark of the declaration regarding age and product updates. 
  • The second step will be to provide the broker with personal information such as documents available, income source, license, tax fillings, residence proof, etc. 
  • Now, answer the questions related to your previous trading experience. 
  • The following step is uploading the documents for account verification. The broker will verify the documents and information and will activate the account once the process completes. 
  • The final step of the account opening process is the deposit of funds after selecting the account type. Traders can deposit funds as per their requirements; Brokereo has no minimum deposit requirement. 

Our recommendation: Trading at Brokereo Review

  • Exclusive Islamic Account for Muslim Trader
  • Dedicated Account Manager
  • Customized Investment News Alert
  • Extensive Range of Assets
  • No Minimum Deposit Requirement
Brokereo__original

Brokereo Review: Available Trading Instruments 

Brokereo broker offers CFD trading on 300+ underlying assets across the following markets: 

  • Cryptocurrencies 
  • Commodities 
  • Shares 
  • Indices 
  • Metals 
  • Forex 
  • Fusion CFDs 

Brokereo Review: Commission and Spreads 

The best part of using Brokereo services is that it doesn’t charge any commission on trades. However, there are spreads in place, which are slightly lower than its other market counterparts. 

The Brokereo spread charges may vary depending on the account type you choose. Here’s a detailed spread charges of the platform:

  • Bronze Account: Minimum spread from 2 pip
  • Silver Account: Minimum spread from 1 pip
  • Gold Account: Minimum spread from 0.4 pip
  • Platinum Account: Minimum spread from 0.3 pip

Brokereo Review: Maximum Leverage 

The broker has leverage to help them invest and open at a high market position with their initial investment. Brokereo.com offers maximum leverage of 1:30 for the bronze account and 1:200 for silver, gold, and platinum accounts. However, platinum account holders can have up to 1:500 maximum leverage. 

Capixal Review: Deposit and Withdrawal

Brokereo allows its users to deposit their funds with no limitation of minimum deposits. In addition, the traders can withdraw the funds by filling out an application form. The broker verifies the details and then transfers the funds within a day or two. 

Users can deposit and withdraw funds in a variety of ways, including:

  • Bank transfers
  • Credit/debit cards
  • E-wallets
  • Mastercard 
  • Maestro 
  • Skrill
  • Neteller 
  • VISA 
  • VPAY 

Brokereo Review: Available Trading Platform

Brokereo offers services through its next-generation trading platforms: MetaTrader4, Webtrader, and Mobile application. These platforms offer advanced trading tools like signals, indicators, and other advanced analysis tools. In addition, traders can study and research the market to enhance knowledge and market understanding. 

MetaTrader4 (MT4)

MetaTrader4 is a desktop software that was developed by MetaQuotes in 2005 for Forex trading. But, with the user-friendly interface of the trading platform, it has been widely used with other ranges of markets and instruments. The platform provides high-speed and class operational access to the global markets. 

Designed with the execution quality that ensures consistent performance of the traders 24/7. Here are some top MT4 features:

  • Various order types 
  • Instant trade execution 
  • Stop orders and trailing stop 
  • Charts 
  • Trade history 
  • Analytical tools 
  • Data encryption 
  • Reliable technological ecosystem 
  • Easily downloadable 
  • Works with all devices 
  • User-friendly interface 
  • Indicators 
  • Technical tools 
  • Fundamental tools 
  • Customization 
  • Multifunctionality 
  • Analysis 
  • Transparency 

WebTrader 

Webtrader is a web-based trading platform, offering advanced trading tools and interactive features, including:

  • One-click trade 
  • User-friendly 
  • Customizable interface 
  • Precise analysis 
  • Visualization 
  • Round-the-clock market access 
  • Instant order control 
  • Optimized search

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

  • Exclusive Islamic Account for Muslim Trader
  • Dedicated Account Manager
  • Customized Investment News Alert
  • Extensive Range of Assets
  • No Minimum Deposit Requirement
Brokereo__original

The Brokereo app allows users to have nonstop trading thrills anytime and anywhere. It is a cutting-edge service that keeps the trader connected with the market 24×7. Investors can know the rapid price hikes and fluctuations of the price of assets.

Here’s a list of features offered by Brokereo app:

  • 100% functional platform 
  • One-click trading 
  • Set of trading tools 
  • Charts and patterns
  • Indicators 
  • Free to download 
  • Customizable 

Brokereo Review: Education and Research Support

The education and research service of the broker is the best, as traders can enhance their knowledge and analyze the market using research & educational tools. Additionally, the platform offers leading education solutions that will enhance the trading skills of clients and assist them in the process of asset selection, studying trading strategies and understanding market trends. 

Educational Support

  • Trading articles 
  • Assets hub 
  • Trading courses 
  • Webinars 
  • Videos 

Research Tools

  • Earnings reports season 
  • Economic calendar 
  • Future CFDs calendar 
  • Technical analysis tools 
  • Fundamental analysis tools 
  • Indicators and signals 

Brokereo Review: Customer Support 

The customer support team of brokereo is available 24 hours and has been trained to offer professional services. Clients can connect the team using the below-given methods: 

  • Monday- Friday (09:00-18:00 GMT) 
  • Live chat support 
  • Contact number: +35780092710 
  • Email address: [email protected] 

Final Verdict On Brokereo Review

Combining all the aspects we have discussed so far in this Brokereo review; the broker seems to offer the best-in-class trading services. Additionally, it offers several unique features attractive to beginners through its proprietary trading platform. However, the platform is slightly pricey, offers only a small selection of tradeable products, and lacks round-the-clock customer support.

To log in to the Brokereo account, you are required to provide the username (email address) and password details by clicking on the Login option placed on the home page of the official website.

The clients of the broker can contact the customer support team using the following: 

  • Monday- Friday (09:00- 18:00 GMT) 
  • Live chat support 
  • Contact number: +35780092710 
  • Email address: [email protected] 

The account deletion request on Brokereo can only be raised through customer support. In case you want to delete your account, contact the Brokereo Contact number at +35780092710.

The Brokereo charges Brokerage through spreads, which vary depending on the chosen account type:

  • Bronze Account: Minimum spread from 2 pip
  • Silver Account: Minimum spread from 1 pip
  • Gold Account: Minimum spread from 0.4 pip
  • Platinum Account: Minimum spread from 0.3 pip

To deposit funds in your Brokereo account, follow the below-mentioned steps:

  • Sign in to your account using the Brokereo login credential.
  • On the dashboard, click on the ‘Deposit’ icon.
  • Now, enter the amount and select the payment method.
  • Follow the onscreen instruction to complete the transaction.

To withdraw funds from your Brokereo account, follow the below-mentioned steps:

  • Sign in to your account using the Brokereo login credential.
  • On the dashboard, click on the ‘Withdraw’ icon.
  • Now, enter the amount and select the payment method.
  • Follow the onscreen instruction to complete the transaction.

The advantages of investing with Brokereo include a cutting-edge Trading Platform, 24×5 Professional Customer support, Commission-free trading, Advanced Analytical Tools, 300+ CFD trading instruments and Fast Trade Execution. Meanwhile, the disadvantages include high swap charges and the unavailability of MT5. 

Experiences
11

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