In this article, we provide a detailed and informative piece on the history, regulation, pros and cons, and everything you need to know about the Cyprus-domiciled Brokereo brokerage platform.
The global COVID-19 pandemic is pushing investors into financial assets and instruments with an aim to make an extra buck while at home or working from home. Brokereo is a brokerage firm that offers a wide range of assets on its MT4 trading platform including forex, cryptocurrencies, commodities, precious metals, indices, etc.
In the next sections, we discuss the features, offers, unique propositions, and some of the important aspects that Brokereo clients expect from the platform.
Brokereo is a Cyprus-based contract for difference (CFDs) broker for global asset classes such as precious metals, forex, indices, cryptocurrencies, equities, and commodities. The broker implements advanced and user-friendly features to make your trading activities as smooth, cost-friendly, and competitive as possible.
The brokerage offers a leverage of up to 1:30 forretail traders with pro traders having a leverage of up to 1:500 on selected asset classes. They also offer users a wide range of trading tools, analysis tools, different levels of trading, education material for learners, and 24/5 customer support.
Brokereo offices are located at Pavlou Nirvana No.4 ALPHA TOWER, Office N. 13, 3021 Limassol in Cyprus registered under license number 189/13 and company number 300828.
Looking at the footnote of the brokere0’s website, the company is registered with the Cyprus Securities Exchange Commission (CySEC), operated by Concorde Investments, a Cyprus based organization. Brokereo is a licensed broker offering the highest level of security for its client’s funds by segregating clients’ and company funds, and negative balance protection for clients.
As a member of the Investor Compensation Fund (ICF), Brokereo also offers traders insurance of up to €25,000 in case the firm goes bankrupt for retail clients.
The forex broker platform is available in several countries and jurisdictions apart from some Asia and African countries, the Islamic Republic of Iran, Canada, and the USA. Moreover, some of the platform’s services featured in this article are not available in other countries due to the geographical and legal restrictions from specific financial regulators.
Brokereo offers traders over 300+ CFD financial instruments and asset pairs including major, minor and exotic pairs. This allows traders to easily diversify their portfolio safeguarding their funds from unexpected volatility across the markets. Some of the CFD assets available to trade on the platform include:
Opening an account on Brokereo trading broker is a simple five-step process that users can complete on their web platform. Once on the main website, click on the “Open Account” button and you’ll be directed to the applications page.
You need to fill out the resulting informing asked including the Know-Your-Customer (KYC) details and AML regulatory requirements.
Once you fill in your personal information, you need to fill in a questionnaire to determine what type of trader you are, then deposit funds into your account. Finally, you need to submit your verification documents including your proof of address and proof of identification documents to complete the registration process.
Brokereo offers you a wide range and variable options for depositing and withdrawing funds from your trading account. The minimum deposit on the exchange is $250for each of the account types (mentioned below).
These options include bank transfers, credit/debit card payments, and other online payment processing systems such as Neteller, Skrill, PayPal, VISA, and MasterCard.
The forex broker has three main account types for traders retail and professional and three different status: Silver, Gold, and Platinum – each trading account type offering its own pros and features.
The Silver account is built for beginner traders on the platform. The features available for the Silver trading account includes:
This account targets the intermediate trader who has already understood the market and has made gains through trading. Some of the features of the Gold account includes:
This account type targets professional traders with high practice and those looking for more thrill in trading CFDs. Some of the features available include:
The forex broker built around the MetaTrader 4 platform making it available as a desktop application for Windows and macOS operating systems. The platform is also compatible with a number of browsers including Google Chrome, Brave, Firefox, Opera, Safari, Edge, etc. However, it is the mobile application, available on Android’s Play Store and iOS App Store, which gives the users the most freedom – allowing them to trade anywhere at any time.
The forex broker also has an educative blog for new and inexperienced traders –helping them build knowledge before starting to trade. The education materials available include trading guides, video tutorials, and eBooks.
Brokereo offers you a 24/5 customer service hotline and fast responses to your calls in aims to assist on any issues, problems, and comments you have fast. They also can be reached through email, online live chat, and telephone.
Apart from the real trading accounts, Brokereo also offers amateur traders an opportunity to sharpen their trading skills with a demo account. This allows you to practice your trading strategies and familiarize yourself with the platform before going live.
As seen above, Brokereo is a forex broker that offers industry-competitive spreads, fees, and trading platforms to its users. High leverage offerings, fast customer service, and a quick registration process attract traders to the platform too.
If you need a forex broker to trade over 300 trading asset pairs from precious metals, stocks, cryptocurrencies, forex, or indices, Brokereo is the brokerage platform for you.
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