8 /10
Overall Rating
Brokereo Review & Rating [yyyy]

Brokereo Review & Rating 2021

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Read the Brokereo broker review before opening your account. Is this a Reliable Forex Broker? Find out more with our AtoZ Markets Forex broker review of Brokereo.

Brokereo is a CySEC regulated broker that provides more than 300 diversified ranges of CFD instruments covering forex, stocks, commodities, indices and cryptos.

We have done an extensive review of the company and found it legit and recommendable. This broker provides maximum flexibility on deposit requirements for all traders. 

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For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography, and reputation. The very same standards apply in the case of this Brokereo broker review. Please go through this article on how we conduct our broker reviews.

Overview

Company
8 /10
Trust
9 /10
Trading Platform
9 /10
Account Types
8 /10
Cryptocurrency
8 /10
Costs
9 /10
Customer Support
9 /10
Regulation
9 /10

Company

8 /10

Brokereo is a CySEC regulated online CFD broker that was established in 2020. Brokereo is an award winning broker in the industry that offers the best trading experience. Traders get access to over 300+ CFDs on assets and modern analytical tools.

Traders using Brokereo have access to three account types i.e. Silver, Gold, and Platinum accounts that are tailored for beginner to expert traders. With any account, traders have access to various CFD instruments that cover commodities, shares, indices, metals, forex, and cryptocurrencies. Clients of Brokereo can enjoy spreads of as low as 0.3 pips when using the Platinum account.

The broker allows traders to use the trusted MT4 platform, which has been around for over two decades via WebTrader and a mobile app. Users also have access to a wide range of educational material including tutorials and ebooks.

Pros:

  1. CySEC Regulated 
  2. Provides 300+ trading instruments
  3. Responsive customer support 
  4. Best trading platform
  5. Good leverage and spread.

Cons:

  1. High swap fees

Trust

9 /10

Trust is an important factor when it comes to opening a live account with a broker in the forex industry. Brokereo is an official licensee of the Cyprus Securities and Exchange Commission (CySEC). This broker obtained its official license shortly after it was first created earlier this year, and its assigned license number is 189/13.

Being an official licensee of this reputable regulatory body means that Brokereo was able to meet high demanding standards of security and qualification, and is continuously monitored to determine if it follows the rules and regulations in place at all times. With that notion alone, it is easy to see why this broker can be trusted.

Trading Platform

9 /10

Brokereo provides the most popular MT4 trading platform to its clients which is available on desktop, web, and mobile. The MetaTrader4 terminal is a perfectly equipped traders workplace that allows to trade in the financial markets. It is a professional Forex trading software which is preferred by both beginners and experienced traders. 

Moreover, the platform gives traders access to advanced charts in order to make appropriate decisions and take the lead in the FX market. It provides the necessary tools and resources to analyze price dynamics of financial instruments, make the trade transactions, create and use automated trading programs (EA). It represents the all-in-one concept and is the most popular trading terminal in the world. 

As per their official website, when the client registers with Brokereo they get access to downloadable, web-based and mobile versions of the trading platform.

Webtrader is an online trading platform for trading directly through a browser without installing an application on your computer. Brokereo offer its clients web trader with a convenient, comfortable trading environment and powerful features that enable them to trade professionally.

Account Types

8 /10

Brokereo clients can access three account types, which are Silver, Gold, and Platinum. The three account types are based on the skills and expectations of traders.

A Silver account is great for novices. The minimum deposit for this account type is 250 EUR. Spreads start from 1.0. Traders get access to 24/5 support and leverage of up to 1:30. They will also get access to over 300 CFDs.

The Gold account is suited to intermediary traders who have advanced beyond the initial stages. Traders will get all features of the Silver account plus a 25% swap discount. Spreads of as low as 0.04 are accessible with this account with maximum leverage set at 1:30.

With a Platinum account, traders get access to all the features of the other accounts plus a swap discount of 50%. For retail traders using the Platinum account, with maximum leverage is set at 1:30. Traders will get access to spreads of as low as 0.03 with this account.

Cryptocurrency

8 /10

Brokereo offers all the major cryptocurrencies such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin etc for trading. 

Costs

9 /10

Brokereo trading conditions really seem good. With Brokereo you can get leverage of up to 1:500 (if you are a professional trader), and up to 1:30 (if you are a regular retail trader). Yet, it is important to note that the higher the leverage, the greater the risk of loss.

Besides, the cost of trading with this broker seems low – the initial deposit required is 250 Eur for the Silver account type. 

Brokereo does not charge additional commission for deposit and withdrawals, which means that your funds will stay intact throughout your trading sessions.

Customer Support

9 /10

As per the customer's feedback, Brokereo’s customer service is quite responsive. Representatives are available to help traders and investors via email, chat and local telephone numbers 24/5.

Regulation

9 /10

Concorde Investments (Cyprus) Ltd is a Cyprus Investment Firm regulated by the Cyprus Securities and Exchange Commission under the license number 189/13 (the “Company”). The Company (operating the Brokereo.com domain) operates in accordance with the European Union Directive 2014/65/EU on Markets in Financial Instruments (MiFID II).

The objective of MiFID II is to create an integrated financial market in which investors are protected and the efficiency and integrity of the market are safeguarded.

Conclusion

Brokereo has continued to innovate to provide their clients with more satisfying brokerage services all of which has certainly gone a long way to backing up its reliability. As a well established online forex broker, with all the necessary licenses and regulations by reputable authorities, you can trade with complete peace of mind knowing that your funds are safe. With the ease in account opening process, Brokereo has made it very easy for customers to open a trading account with them.

By doing deep research for the forex broker, we have learned that Brokereo is a reliable forex broker. However, based on your requirements and choice you should figure out by looking at the pros and cons, costs, customer support, etc before opening an account with Brokereo. 

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