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Brokereo Review 2022

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read full Risk Disclosure Statement.

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“Brokereo is a CySEC regulated broker offering to trade on more than 300+ financial CFD instruments covering Cryptocurrencies, Commodities, Shares, Indices, Metals and Forex on the MetaTrader 4 Web Trader trading platform.”

Brokereo is a domain name of Concorde Investments (Cyprus) Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). Due to regulatory requirements, the broker offers segregated trading accounts and negative balance protection for retail clients.

Users can choose from 3 core account types called Silver, Gold and Platinum to trade on more than 300+ financial CFD instruments covering Cryptocurrencies, Commodities, Shares, Indices, Metals and Forex. Each account has different features and benefits with spreads from 0.3 pips on the Platinum account.

The broker provides the ability to trade from the globally recognised MetaTrader 4 Web Trader trading platform and mobile trading app. Users can also access a wide range of trader research and educational resources such as eBooks, courses, tutorials, daily news articles and videos on demand, as well as customer support Monday to Friday 8.00 to 17.00 GMT.

Pros: Cons:
  • CySEC regulated.
  • 300+ financial instruments to trade on.
  • Can trade on MetaTrader 4 Web Trader platform.
  • High overnight swap fees but discounts available.

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
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Brokereo Main Features
☑️
Regulations
CySEC (Cyprus)
️🗺
Supported Languages
English, Spanish, German, Portuguese, Italian, Dutch, Swedish
💰
Products
Crypto, Currencies, Commodities, CFDs, Indices, Stocks
️💵
Min Deposit
$250
💹
Max Leverage
1:30 (CySEC)
🖥
Trading Desk Type
STP
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read full Risk Disclosure Statement.

Brokereo Full Review

Brokereo Video Review

Investor Protection & Regulations

“Brokereo is a domain name of Concorde Investments (Cyprus) Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).”

Brokereo is a domain name of Concorde Investments (Cyprus) Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), as confirmed on the CySEC register below:

The broker provides further security of client funds by the following regulatory requirements:

  • Segregation of client funds from company funds.
  • Negative balance protection for retail clients.
  • Member of Investor Compensation Fund.

Tradable Products

“Brokereo offers users the ability to trade on more than 300+ financial instruments covering Cryptocurrencies, Shares, Commodities, Metals, Indices and Forex.”

Brokereo offers users the ability to trade on more than 300+ financial instruments covering Cryptocurrencies, Commodities, Shares, Indices, Metals and Forex. Below is a list of just some of the available financial instruments for trading:

Forex Commodities Indices
EURUSD Natural Gas AEX
GBPUSD Brent Crude Oil DAX 30
AUDCAD Cocoa Nasdaq 100
CHFJPY Cotton Nikkei 225
EURNZD Shares Crypto
GBPAUD 3M BTCUSD
USDINR Adobe BTCEUR
GBPTRY Alibaba ETHUSD
USDRUB Amazon LTCEUR

* Details regarding the available assets are taken from the Brokereo website and trading platform and are correct at the time of this review.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“Brokereo offers 3 account types called Silver, Gold and Platinum. They also provide Islamic swap-free accounts, Professional accounts and a demo trading account.”

Brokereo offers 3 account types called Silver, Gold and Platinum. Each account comes with different features and benefits, as highlighted below:

Silver Account Gold Account Platinum Account
Commission Zero Zero Zero
Spread EURUSD 3 pips 2.5 pips 2 pips
Islamic option Yes Yes Yes
Leverage Up to 30:1 Up to 30:1 Up to 30:1
Swap discount None 25% 50%
Currency Account USD/GBP/EUR USD/GBP/EUR USD/GBP/EUR

Opening an account is a simple process and can be done by clicking the Open Account button on the broker’s homepage. Users then need to go through the application process, as well as accepting the broker’s Terms and Conditions. The application is a 5 step process which includes Account, Information, Questionnaire, Deposit and Documents.

The broker operates with standard KYC and AML regulatory requirements and, as such, users are required to provide proof of identity and proof of address documents for verification. This can be done easily from the client portal section by uploading from PC or mobile. From this area, users can also access deposit and withdrawal options and manage their trading accounts, as shown below:

Deposit & Withdrawals options

“Brokereo offers the ability to deposit funds via credit/debit card, Klarna or bank wire transfer.”

Brokereo offers the ability to deposit funds via credit/debit card, Klarna or bank wire transfer. This can be done directly from the client portal area once logged in. The minimum deposit is EUR 250 when logged into the client portal area.

The broker also reserves the right to charge a withdrawal fee of 50 EUR or equivalent if there is no trading activity on the account (only one single position) or the client wishes to withdraw less than the 100 EUR.

Users can request withdrawals online but may also need to provide a copy of bank and credit card statements to confirm beneficial owners. Funds can only be withdrawn to the original source and up to the same amount deposited by credit/debit card.

Web & Desktop Trading Platforms

“Brokereo offers users the ability to trade on the globally recognised MetaTrader 4 Web Trader platform.”

Brokereo offers the ability to trade on the globally recognised MetaTrader 4 Web Trader platform suitable for both beginner and advanced traders. Some of the features include:

Brokereo MetaTrader 4 Web

The Brokereo MetaTrader 4 Web platform is available via web browser and offers features such as:

  • No downloads
  • 3 chart types
  • 20+ technical indicators
  • Multiple asset classes

A screenshot of the Brokereo MetaTrader 4 Web platform is shown below and is covered in more detail in the video review.

Mobile Trading Platforms

“Brokereo offers users the ability to access mobile trading on the go from the MetaTrader 4 mobile trading app for Android and iOS systems.”

Brokereo offers users the ability to access mobile trading on the go from the MetaTrader 4 mobile trading app for both Android and iOS systems. The app download links can be found in the Google PlayStore or Apple AppStore.

The MetaTrader 4 mobile trading app provides a range of different features including:

  • Access to real-time quotes
  • Ability to trade on multiple asset classes
  • Perform technical analysis from your mobile phone
  • Manage accounts on the move

The Brokereo MetaTrader 4 mobile trading app is covered in more detail in the video review.

Trading Features

“Brokereo does not provide any additional features from what is already available in the MetaTrader trading platform.”

Commissions & Spreads

“Trading is commission-free with Brokereo with spreads and swaps varying depending on the account type opened and financial instrument being traded but swaps are higher than the industry average.”

Trading is commission-free with Brokereo with spreads and swaps varying depending on the account type opened and financial instrument being traded. The broker does provide some spread information regarding different instruments on its different accounts as highlighted below:

SPREAD TABLE Silver Account Gold Account Platinum Account
EUR/USD 3 pips 2.5 pips 2 pips
GBP/USD 3.5 pips 3 pips 2.5 pips
USD/CAD 4.1 pips 2.6 pips 1.9 pips
Gold 3 points 1.8 points 1.5 points
DAX 5 points 3.75 points 2.5 points

Overnight swap fees vary depending on the asset class being traded. These can be found in the trading platform under the specification tab. The swap fees are higher than the industry average, as shown below for GBPUSD:

Bonus & Promotions

“In accordance with regulatory restrictions, Brokereo does not offer any bonuses or promotions.’’

Customer Support

“Brokereo offers customer support via email, telephone and live chat Monday to Friday 8am to 5pm GMT.”

Brokereo offers customer support via email, telephone and live chat Monday to Friday 8am to 5pm GMT. After logging into the live chat we were greeted by a service agent who had verified the information with the relevant department and was able to answer our questions promptly and adequately.

Contact Information:

  • Address: Pavlou Nirvana No 4, ALPHA TOWER, Office N 13, 3021 Limassol, Cyprus.
  • Email: support@Brokereo.com
  • Phone: +448000318430
  • Social Media:

Research

“Brokereo provides trader research in the form of a daily news article section and an earnings and economic calendar page.’

Brokereo provides trader research through an earnings and economic calendar page, as well as a daily news article section. The news articles cover a wide range of different trading topics and includes a European daily market review.

Trader Education

“Brokereo provides a wide range of educational resources which include eBooks, courses, tutorials and a video on demand section.”

Brokereo provides a wide range of educational resources. This includes:

  • eBooks – Trading Psychology eBook, Capital Management eBook, Advanced Strategies eBook and more.
  • Courses – Trading Strategies, Beginners Course, Trading Tools, CFDs and Stocks and more.
  • Tutorials – MetaTrader tutorials and MetaTrader mobile tutorials.
  • Video on Demand – Beginners, Advanced, Terms and MetaTrader videos.

Trading Experience

“Brokereo provides a simple trading offering to trade on more than 300+ markets from the MetaTrader 4 Web Trader platform.”

From our observations, Brokereo provides a simple trading offering to trade on more than 300+ financial CFD instruments covering Cryptocurrencies, Shares, Indices, Metals, Commodities and Forex.

The broker provides access to trade on the globally recognised MetaTrader 4 Web Trader platform and the MetaTrader 4 mobile trading app. Beginner traders will enjoy the extensive educational resources on offer. However, long-term traders should be aware of the higher than industry average overnight swap fees – although swap discounts are available.

FAQ

Is Brokereo regulated?

Yes, by CySEC.

Where is Brokereo based?

Brokereo is based at Pavlou Nirvana No 4, ALPHA TOWER, Office N 13, 3021 Limassol, Cyprus.

How does Brokereo make money?

Brokereo makes money mainly through spreads and swaps.

How do I deposit in Brokereo account?

Funds can be deposited into a trading account via credit/debit cards, Klarna and bank transfer.

What is the min. deposit for Brokereo?

The minimum deposit is 250 EUR.

How do I withdraw money from Brokereo?

Funds can be withdrawn via the same method of deposit with the same account details, such as credit/ debit cards and bank transfers.

What is the max leverage in Brokereo?

The maximum leverage offered by Brokereo is 1:30 for retail clients.

How do I open an account with Brokereo?

An account can be opened at the click of a button on the Brokereo website and can be done in just a few steps.

Does Brokereo use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“Brokereo is a CySEC regulated broker offering to trade on more than 300+ financial CFD instruments covering Cryptocurrencies, Commodities, Shares, Indices, Metals and Forex on the MetaTrader 4 Web Trader trading platform.”

Brokereo is a brand name of Concorde Investments (Cyprus) Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). Due to regulatory requirements, the broker offers segregated trading accounts and negative balance protection for retail clients.

Users can choose from 3 core account types called Silver, Gold and Platinum to trade on more than 300+ financial CFD instruments covering Cryptocurrencies, Commodities, Shares, Indices, Metals and Forex. Each account has different features and benefits with spreads from 0.3 pips on the Platinum account.

The broker provides the ability to trade from the globally recognised MetaTrader 4 Web Trader trading platform and mobile trading app. Users can also access a wide range of trader research and educational resources such as eBooks, courses, tutorials, daily news articles and videos on demand, as well as customer support Monday to Friday 8.00 to 17.00 GMT.

  • CySEC regulated.
  • Commission-free trading available.
  • 300+ financial CFD instruments to trade on.
  • Can trade on MetaTrader 4 for web and mobile.

 

broker

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read full Risk Disclosure Statement.

See Brokereo Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Cyprus
Foundation Year
2020
Regulations
CySEC (Cyprus)
Publicly Traded
No
Number Of Employees
50-100
Trading Desk Type
STP
Trading platforms
MT4
Restricted Countries
United States
Supported Languages
English, Spanish, German, Portuguese, Italian, Dutch, Swedish
Min Deposit
$250
Max Leverage
1:30 (CySEC)
Deposit Options
Wire Transfer, Credit Card, Skrill, Neteller, Webmoney
Withdrawal Options
Wire Transfer, Credit Card, Skrill, Neteller, Webmoney
Cryptocurrencies
Bitcoin Cash, Ethereum Classic, Bitcoin, Cardano, NEO, Litecoin, siacoin, Zcash, Verge, Ripple, Stellar, Dash, Lisk, Ethereum, NEM, IOTA
Fixed Spreads
No
Commission On Trades
No
Products
Crypto, Currencies, Commodities, CFDs, Indices, Stocks
Mini Account
No
Premium Account
Yes
Demo Account
Yes
Islamic Account
Yes
Segregated Account
Yes
Managed Account
No
Institutional Account
No
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