Brokereo Review – How does this FX broker work?
Forex trading is the biggest market around the world. The official data from 2019 showed that the average trading turnover of this market was as much as $5.1 trillion. This shows that there are many people who are trading in this market every day, but how do you exactly manage to find a trustworthy and safe Forex broker?
Every day, new brokers are emerging in the market. Brokereo, which is very much a newly established Forex broker, has already proved to everyone that in the world of Forex trading, even if the company is new, it can still offer amazing services to its users. Our review of Brokereo shows that this company mainly focuses on the European FX trading market and it does everything in its power to offer the people of Europe very well-developed services.
The team behind this Forex broker has noted many times that it is their priority to ensure the safety and security of those who are trading with them. This Forex broker has managed to offer services that can be very useful for those who are new to the market, and for those who have been trading Forex for a very long time now as well.
Today, we are going to talk about every little aspect of this company and will do our best to offer you an insight into exactly how this broker works and how the services of it are the top ones in the market. So, follow us as we unleash everything that this company has to offer.
Brokereo review – How does this broker work?
The broker is one of those companies that has proved that although the company might be new, it still can offer very good services to investors. The company is operated by Concorde Investments, which is a company based in Cyprus. Because of this, the services that this broker offers are controlled and overseen by the main regulatory body of the country, the Cyprus Securities and Exchange Commission, called CySEC. The license number of the company is 189/13.
With more than 300 available assets, this Forex broker offers something to every type of investor. No matter what you are looking for in this market, you will be able to find it at this Forex broker, which is a very important thing for investors who are looking forward to diversifying their trading portfolios.
The broker calls itself ‘online broker of a new generation,’ and they do so for a reason. The broker has already managed to offer investors a new trading reality, thanks to the complex analytical instruments offered by the broker, investors are able to take trading to a whole new level. The broker offers investors excellent execution, thanks to the MT4 trading platform and payment methods are very diverse, making sure that you can freely and easily make deposits and withdrawals on your trading account.
With more than 20 analytical tools, you will be able to quickly and confidently make decisions regarding the positions that you should open and close. This is creating a very good atmosphere for investors, especially for those who want to use one platform for both trading and analysis.
What can you trade at Brokereo?
As our review of Brokereo shows, this Forex broker offers more than 300 trading instruments, meaning that every trader will have the ability to diversify their trading portfolio with this broker. The broker offers investors the ability to trade CFDs on more than 300 assets, with this, you will be able to dive into the incredible choice of Forex trading currency pairs, cryptos, indices, and many other assets.
When it comes to Forex trading, available FX trading assets is one of the most important things. The more assets there is available for you, the more choices you have for trading. This is very important for many people, especially for those who want to diversify their trading portfolio, and since the team behind Brokereo knows it very well, they made sure to offer more than 300 available trading assets to their clients. Here is the list of assets you can trade at Brokereo:
- Currency Pairs
- Precious Metals
All of these trading assets are very different from one another, meaning that no matter what it is that you are looking at this market, you can find it at this Forex broker. If you have not decided which assets to trade, we will discuss every one of them below.
More than 40 available currency pairs
As our review of Brokereo shows, there are more than 40 available currency pairs at this FX broker. These currency pairs include major, minor, and exotic currency pairs. The Forex trading market is best known for its high liquidity, which is something that is most loved about this market.
A very interesting thing is that this broker offers very high leverage to Forex traders. However, the amount of leverage that you will be able to use depends a lot on the account type that you have. Regular retail traders can invest in Forex trading with no more than leverage of 1:30. However, professional traders can use as high leverage as 1:500.
High leverage is not something that you should be using if you do not have enough experience in trading. Even in that case, it still is very risky, because it can lead to investors losing all of their hard-earned money. However, leverage can be very helpful as well. If you are trading Forex with some of the short-term trading strategies, like, scalping, for example, it is much better for you to use leverage to make sure that you make some profits.
Trade more than 30 crypto CFDs at Brokereo
Cryptos have become very popular in recent years. More than ever before, today they are being very actively traded by investors all around the world. This FX broker offers investors to trade more than 30 cryptocurrencies without having to directly own them with the help of CFDs trading. Also, you will have the ability to enjoy cross-platform trading, thanks to some of the best trading platforms offered by the broker.
The greatest thing about trading cryptos at Brokereo is the fact that this broker does not charge any commissions for crypto traders, which is a great thing. You will also enjoy instant access to the crypto trading market with the help of the trading platforms that are available at this Forex broker.
More than 15 available commodities at Brokereo
Commodities have long been part of our everyday lives and people have used them for centuries now. Because of this, many investors are using them for trading. This Forex broker offers more than 15 commodities to investors, with the help of some of the best trading platforms on the market.
There are two different types of commodities on the market, they are known as soft and hard commodities. Soft commodities are the ones that are a result of agricultural activity, on the other hand, you have hard commodities, that are those like crude oil, gold, and other assets like these.
Trade precious metals with Brokereo
Precious metals have always been a very popular asset. People all over the world trade them very actively, and one of the main reasons for it is the fact that they are known to be increasing in price while there are some risks on the market. So, in times of uncertainty, they are known to increase, which is why so many traders are using them for long-time investments.
There are many available precious metals at Brokereo FX broker, but the most popular ones are Platinum, Gold, and Silver. These are known to be safe-haven assets, especially gold.
More than available 60 stocks on Brokereo
This brokereo review shows that there more than 60 stocks available at this Forex broker for trading. Because of this, this is the perfect place to trade shares of leading companies in the market. You can trade stocks of companies such as Tesla, Zoom, Apple, Amazon, and many others.
Investing in shares of a company is a perfect choice for those who are looking for a long time investment. Stocks trading has always been very popular, and to satisfy the needs of those who like to invest in this market, this broker is doing everything that is in their power.
Trade more than 15 indices at Brokereo
In the world of Forex trading, indices are a measurement of the price performance of a group of shares from an exchange. There are more than 15 of them available at this Forex broker, offering investors the ability to diversify their trading portfolio. You can trade top-tier indices like DAX30, S&P500, AXSXPI200, and many others at Brokereo.
How is Brokereo keeping investors safe?
Our review of Brokereo FX broker shows that this Forex broker is working very hard to safeguard the funds of investors. The representatives of the broker have many times noted that it is their top priority to make sure that every single one of the trader on their platform is as safe as possible.
The broker does this by following the regulatory framework of CySEC, which is the main regulatory agency of Cyprus. Over the years, CySEC has had some challenges with its reputation on the market, however, it has changed a lot recently. As of now, CySEC is known to be one of the top-tier regulatory bodies around the world. One of the major reasons for that is the fact that the regulatory agency has adopted its policies a lot recently.
Regulations are very important in the world of Forex trading. They are something that investors can use to make sure that their money is staying safe. The regulations have changed the world of Forex trading. No matter what it is that you are doing on the Forex trading market, you need to be sure that you are staying safe, for which, regulations are a great guarantee.
Negative Balance Protection
Negative Balance Protection is one of the things that CySEC regulations are requiring a Forex broker to adopt. The thing is, when you are using high leverage, you will have to face huge risks. In some cases, you can end up losing a lot of money if something changes drastically, and this can lead you to lose a lot of money. There are some people who even lose more money than they had on their trading account in the first place.
To avoid this, regulatory bodies around the world are now requiring brokers to have negative balance protection, which will make sure that investors are not able to lose more money than they already have on their trading account. By using this, the positions that you have open will be automatically closed once your account nears zero.
Account types of Brokereo
When it comes to Forex trading, the account that you choose for trading will have a huge impact on your trading experience. There are several different types of accounts available at this Forex broker, and all of them are created for different types of FX traders. This is a very good thing, because, no matter what it is that you are looking for in the world of Forex trading, you can find it at this FX broker.
There are three major types of accounts available at this FX broker, they are:
Silver account is a perfect choice for those investors who are just starting trading on the market. For beginners, it has some very good offerings. Spreads and features that this account offers are very competitive on the market. The maximum leverage that traders can use with this account is 1:30, traders have access to more than 300 trading assets, and many other very helpful things.
The gold account is a perfect choice if you want to trade more and gain more experience in this market. With this account, for retail investors, the leverage stands at 1:30. The spreads are lower for gold account users and stand at 0.4. Also, you will get a swap discount of 25% and a dedicated account manager.
Platinum is a perfect choice for competent traders, for those who have already accomplished a lot in the market and want to take it to another level. For retail traders, the leverage is very much the same and stands at 1:30. However, a great thing is that you will get a discount of 50% on swaps, dedicated account managers, and many other features.
Professional trading account
Our review of Brokereo FX broker shows that this company offers investors a special type of professional trading account, which is the way to go if you are well-experienced Forex traders. For those who have enough experience, this account can be very beneficial. Professional clients of the broker are eligible to trade with very high leverage of 1:500, which is a huge number.
The margin is also up to 15%, which means that you will have the ability to try different types of very bald strategies with this account type. The spreads for professional accounts are also very tight. As a professional account holder, you will also be able to use exclusive pro features that you would don’t have access to in other ways.
Demo Account of Brokereo
If you are a total beginner on the market, you will need to start trading without actually putting your funds at risk. But how exactly can you do that? Actually, there is a way to this. As our review of Brokereo shows, this FX broker offers a demo account to its users, which means that you will be able to invest in this market without actually trading with your own hard-earned money.
While using a demo account, the broker will provide a certain amount of virtual money to you which can be used for trading. As you run out of the virtual funds that you got, you will be able to ask the broker to give you more virtual cash. However, although many people have this misconception that the demo account is only for well-experienced traders, it is not the case at all.
In reality, even the most experienced traders can use this account type to try out different types of trading strategies, come up with new tactics, and see how they work. It is a great opportunity for investors to grow and learn more about the market, which is a very great thing.
Customer support team – Is it any good?
While working on this review of Brokereo, we made sure to focus on every little detail. To make sure that we could show you the real side of this Forex broker, we decided to use it on our own. We actually went and contacted the customer support team to see how fast and helpful could they be. It turns out that the customer support team of this Forex broker is very good.
We used live chat, phone number, and email. The fastest one of definitely the live chat. They were able to get back to us in no time and were very helpful. When we called the special phone number, which can be found on their website for your region, although it took some time for them to answer, they were very helpful in the end. The email was the one that took the most time, but the answer was very helpful and detailed.
Brokereo FX broker review – Key Takeaways
During this review, we found that Brokereo is one of the best Forex brokers on the market. Thanks to the regulatory framework of CySEC, the broker offers investors a very safe and secure environment which is very important for Forex traders. There are more than 300 trading assets available at the Forex broker, and thanks to such diversity, you will be able to diversify your trading portfolio a lot. Because of this and many other reasons, we recommend this Forex broker to our readers.