Brokereo is the Republic of Cyprus based trading site that provides investment services and products at affordable rates. The firm bagged the prestigious award, “Best Retail FX Broker Europe 2020”, at the Global Banking & Finance Awards 2020. The firm offers robust features like high leverage, zero commission, advance IT security, low spreads, a wide range of products & payment methods, and well-educated customer support.
Is Brokereo Broker Scam or Safe?
Brokereo is a safe trading site that is operated by Concorde Investments (Cyprus) Ltd, which is a licensed financial firm in the Republic of Cyprus. The venture is regulated with the CySEC (Cyprus Securities and Investment Commission) having license number 189/13. Furthermore, the trading site is authorised to provide financial assets to all the EEA member states and is operates per MiFID, EU (2014/65/EU), and ICF (Investors Compensation Funds).
The ICF protects the client’s interest, and funds make sure that no fraud activity happens with any customer. The Company being a member of the ICE provides retail clients with the extra security of receiving compensation up to20,000 euros, and the client is not allowed to use the customer balance in catastrophic cases like bankruptcy, thus ensuring utter security.
The IT part is safe with the company’s SSL and every level encryptions that makes sure that all the transactions are processed, and every client’s funds are protected.
Brokereo: Awards & Recognitions
The Brokereo is one widely-recognised, award-winning trading site that has garnered popularity among new traders for its affordable but good services. The firm has won a prestigious award from “The European” at the “Global Banking & Finance Awards 2020” as the “Best Retail FX Broker Europe”, beating all the other top counterpart participants. The award signifies the promising future of the brokerage firm and their authenticity.
Global Banking and Finance Awards are held every year to recognise the best performing organisations in the financial sector.
Best Features by Brokereo:
Account Types: The trading site offers three different kinds of retails trading accounts, namely silver, gold, and platinum, offering varied services to several expertise investors. Apart from this, the broker also provides one professional account, Islamic, and one free demo service account for services other than trading. The retail trading account varies in terms of services, spreads, charges, and leverage. The silver account is suitable for all the beginners with the least charges.
Notably, the other top features in gold and platinum accounts are dedicated account manager, news alerts, leverage up to 1:500, and spreads as low as 0.03.
Trading Platform: Brokereo broker facilitates investing in over 300+ CFDs trading instruments through their MetaTrader4 trading platform. The portal offers a number of services that ease the UI/UX for all the clients and help them make better decisions.
- Real-time balance level
- Stop Loss/Take Profit functions
- History of orders
- Different execution modes
- Inherent platform support
- Free educational hub
- 1-click account switching
- Live chat and dedicated support
- In-platform price alerts
- Multiple chart windows to compare various assets
- One-click trading option
Markets and Products: Brokereo is a global trading site and provides 300+ CFDs financial instruments for investment for their clients. The investment website facilitates trades from all market types, including CFDs on shares, CFDs on crypto, CFDs on commodities, CFDs on forex pairs, and CFDs on indices. However, note that every product on the market and exchange is different and thus, offers varied leverage and spreads. Here are some details about some of the greatest assets provided by Brokereo:
|Description||Symbol||Spreads (Starting From)||Leverage (Maximum)|
|Euro vs US Dollar||EURUSD||30||up to 1:500|
|Great Britain Pound vs US Dollar||GBPUSD||35||up to 1:500|
|US Dollar vs Japanese Yen||USDJPY||35||up to 1:500|
|Australian Dollar vs US Dollar||AUDUSD||85||up to 1:500|
|Brent Crude Oil (ICE-EUR)||Brent Oil||90||up to 1:125|
|Cocoa (ICE-US)||Cocoa||250||up to 1:125|
|Coffee (ICE-US)||Coffee||250||up to 1:125|
|Copper (CME)||Copper||300||up to 1:125|
|3M Company. NYSE (USA)||3M||100||up to 1:10|
|Adobe Systems Incorporated, NYSE(USA)||ADOBE||100||up to 1:10|
|American International Group Inc. NYSE (USA)||AIG||100||up to 1:10|
|Alcoa Inc. NYSE (USA)||Alcoa||100||up to 1:10|
|CAC 40 Index Future (Euronext)||CAC 40||500||up to 1:125|
|China H-Shares Index Futures (HKE)||China Enterprise 40||500||up to 1:125|
|DAX 30 Index Future (Eurex)||DAX 30||500||up to 1:125|
|Silver vs US Dollar||XAGUSD||300||up to 1:125|
|Gold vs US Dollar||XAUUSD||300||up to 1:125|
|Palladium (USD)||PALLADIUM||250||up to 1:125|
|Platinum (USD)||PLATINUM||250||up to 1:125|
Commissions and Fee: The firm doesn’t charge any fee on trading assets and solely earns from the spreads on financial instruments, i.e. the difference between ask and the bid price. The deposit and withdrawals both are free. However, some overnight swap fee and inactivity penalty might be applicable after 61 days of not trading continuously.
Withdrawals and Deposits: There are several payment options with Brokereo for facilitating payments to clients. It includes bank transfers, debit/credit cards, and e-Wallets. The processing time for adding funds is instant and taking out funds is 3-5 days, which is the required duration to verify the identity of the client. Here are some of the deposit and withdrawal methods available with Brokereo:
- MIR Limited
Research and Education: The broker has a separate education & research portal that helps all the clients to enhance their trading knowledge. The content is suitable for both beginners and professionals, and the material is of top-notch quality. It includes:
Education: Journals, videos, articles, courses, guides, e-Books, webinars, and seminars.
Research: Reports session, earnings calendar, economic calendar, and market analysis.
Customer Service: The venture provides excellent customer support to their clients, available 24/5 from Monday to Friday. . All your queries would be resolved, and you can connect with the broker via:Telephone: +448000318430
Live Chat Support
Contact Form: https://www.brokereo.com/en/contactus
The Bottom Line
Overall, Brokereo is a trusted trading site that offers right the investment products & services at a low cost. The firm is Cyprus licensed and is an award-winning broker from the prestigious Global Banking & Finance Awards 2020. Note that the minimum deposit with Brokereo to start real trading is €250. You can also try their free demo service for testing the broker features.
This article is for marketing purposes only and it should not be treated as investment advice