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Brokereo Review: Are Brokereo.com Brokers Dependable?

Brokereo Review: Are Brokereo.com Brokers Dependable?

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A pristine broker is what every investor needs as their trading partner. When it comes to CySEC regulated brokers, the security of funds is a guarantee, which is a plus. Brokereo (Brokereo.com) is a well-suited broker who has a successful trading recipe. The brokereo review is out to inform traders on this amazing broker. With a license from a reputable online regulator, this broker promises to deliver on their promise. Read this post and learn what trading with this broker promises members.

Brokereo Full Review

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About Brokereo

Brokereo is another online trading platform that deals with global assets. These assets include Commodities, Crypto, Forex, Indices, Metals, and Shares. With a wide array of trading instruments to choose from, it makes trading with this broker a safe option. There’s an implementation of advanced technology in their platform, which assures traders of an efficient trading environment. It is the right mix for today’s online world as the broker has the relevant tools. The broker is committed to each trader, which is a plus for newbies.

Brokereo License and Regulation

Brokereo License and Registration Status

Concorde Investments Ltd is a Cypriot trading platform licensed by CySEC. We checked with the regulator and can confirm they are fully licensed. The broker has a license number 189/13, and their offices are located in Limassol, Cyprus. Another interesting factor to consider is the jurisdiction of the broker. The broker can accept most users except those in Canada and the United States. When it comes to CySEC brokers, there is no way of having two regulators. Regulators in America and Cyprus don’t follow the same trading rules.

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The advantages of having a CySEC regulated broker can’t be watered down. With a licensed broker, users are guaranteed a safe trading environment. Such brokers must make an insurance deposit to protect users. These brokers must ensure transparency in their trading conditions. The benefit of having such a broker is comfortability. Traders will trade comfortably, knowing their funds are in capable hands. In the case of bankruptcy or insolvency, these members will get compensation from the broker.

Conditions available for trading with Brokereo

When it comes to the trading conditions, these are the most important features for a broker. The broker in question offers spreads that start from 0.03 pips while leverage is set at 1:30. Their leverage is one of the best in the online trading industry. For those who qualify as professional traders, there is set leverage of 1:500. It means the broker is keen on protecting the interest of newbie traders. Experienced traders will want higher leverage as the reward is ever enticing to users.

Demo account

Before committing your funds to the platform, the broker offers a demo account. The importance of a demo account is to help traders get acquainted with the platform. A demo account is a priceless feature that enables users to test the platform before making any commitments. Smart traders will want to test out the demo account before opening a real account. The fact that the broker offers a demo account shows the level of professionalism. Such a broker wants users to feel comfortable when trading with their platform before having a real account.

Domain background and structure

When it comes to their online presence, details show the platform is over two years old. It may not be enough for some traders, but it fits the bill due to their license. The domain tool checker shows that their website went live on 14th June 2018. As far as their servers are concerned, they are located in the United States. The broker has made four unique changes on their server for the last two years. It goes to show that the broker continuously monitors their website, which is another advantage.

Education and research

There’s an educational portal where customers can learn the ropes of trading. The portal offers quality content that one can discern with ease. Some of the website’s educational materials include Articles, Courses, E-books, Seminars, Videos, and Webinars.  For novice investors, the platform is excellent as it helps show users what it takes to trade. Go through their educational materials to learn more about online trading.

First Impressions of the broker

At first glance, their website already shows that this is a professional broker. The website is aesthetically pleasing. Information on the products is well relayed, which means users don’t have to spend time on the homepage. It is a well-informative website from the design to the execution of their services. Trading opportunities with the platform also look to offer an advantage to members. With hundreds of financial assets to choose from, the platform is the seventh heaven for online traders.

Features of Brokereo

Account opening

The account opening is effortless and takes less than ten minutes to complete. There are three steps to follow. Step one includes filling in the necessary data and information about the user. Members at this point will have to produce their private information, such as bank statements and dates of birth. The second step involves document verification, where uploads are done. One must provide valid documentation to back up the information provided. Step three is the last procedure, where users will add funds and start trading.

Available account types

Brokereo Account Types

Brokereo is furnishing users with three account types. The three accounts listed include Silver, Gold, and Platinum. With the Silver account, the maximum set leverage is 1:30 while the minimum spreads 0.07. There are no swap discounts with the Silver account. A swap discount is available with the Gold account and is set at 25 percent. Platinum account holders get all the features, such as free VPS and a dedicated account manager. For Muslim brokers, there is also an Islamic account to choose from.

Commissions and fees

With this broker, there are no added commissions or charges on trades. The only charge that may be incurred is with the spreads being an exception. When it comes to the spreads on this platform, they are low. The minimum set deposit to start trading with this platform is set at $250. Some of the common fees include bank charges and currency conversion. The platform might charge users overnight swap charges. Set spreads on the platinum account are 0.3 while the Gold account spreads are set at 0.05.

Deposit and withdrawal

When trading with this platform, a trader might add funds through available options. These options include Maestro, MasterCard, Neteller, PaySafe, SafeCharge, and Skrill. Depositing funds with this platform is free of charge. When making withdrawals, there may be withdrawal costs. The cost will depend on the avenue that the user takes.

Reaching the broker

When it comes to reaching the broker, there are three options. One can send an email and wait for a response within one business day. There is also a live chat support team on the site. The fact that live support is active 24/5 shows the care the broker offers. Members can also make direct calls to the broker using +448000318430. All these avenues will give members direct access to customer support.

Trading platform

Customers will get to choose between two trading platforms. Users can choose between mobile traders and web trader. These platforms will help users make fast and better entry and exit trades. Some of the features available on both platforms include automatic stop loss and different execution modes. Other notable traits of the platform include a one-click account, one-click trading option, and a real-time balance level. When it comes to research materials, these platforms offer earnings and economic calendars.

Should traders use Brokereo?

Brokereo is a trustworthy broker who has a valid permit.

Bottom line

We recommend the broker to anyone interested in their trading conditions.

Other brokers have years of online trading experience. These brokers offer transparency and valid trading conditions. Why don’t you give them a try?

Our entire trading team wishes all traders a safe trading experience.

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