Tradeo Review 2021

Regulated By:CySEC

Foundation Year:2014

Headquarters:Limassol, Cyprus

Min Deposit:$200

Risk disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Jitan Solanki

Last updated: Oct 04, 2020

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“Tradeo is a CySEC regulated broker offering to trade on more than 200+ financial CFD instruments covering Forex, Cryptocurrencies, Commodities, Shares and Indices on the MetaTrader 4 trading platform and the broker’s own web-based trading platform.”

Tradeo is a brand name of UR Trade Fix Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker, due to regulatory requirements offers segregated trading accounts and negative balance protection for retail clients.

Users can choose from 5 different account types called Standard, Classic, Platinum, Premium and VIP. Each account has different features and benefits, as well as different minimum deposits and trading costs. Higher funded accounts come with additional features such as private educational sessions.

With Tradeo, users can trade on more than 200+ financial CFD instruments covering Forex, Cryptocurrencies, Commodities, Shares and Indices on the globally recognised MetaTrader 4 trading platform, as well as the broker’s own Tradeo Web Trader platform. Trader research and education resources are provided through the broker’s Market Review and Video Tutorial section.

Pros:	Cons:
CySEC regulated. 200+ financial instruments to trade on. Can trade on MetaTrader 4 platform.	No positive swaps.

General Information

Official Site:https://tradeo.com/

Demo:Open Demo Account

Regulated By:CySEC

Foundation Year:2014

Headquarters:Limassol, Cyprus

Min Deposit:$200

Max Leverage:1:30

Publicly Traded:No

Deposit Options:Credit Card, Neteller, Skrill, Wire Transfer

Withdrawal Options:Credit Card, Neteller, Skrill, Wire Transfer

Tradable Assets:Currencies, Commodities, Indices, Stocks, Crypto

Trading Platforms:MT4

Commission on Trades:Yes

Fixed spreads:No

Trading Desk Type:No dealing desk, STP

OS Compatibility:Desktop platform (Windows), Desktop platform (Mac), Web platform

Mobile trading:Android, iOS

Accepts US Clients:No

Tradeo Video Review

Investor Protection & Regulations

“Tradeo is a brand name of UR Trade Fix Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).”

Tradeo is a brand name of UR Trade Fix 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.
AES-256 encryption on all transmissions through its SSL secured platform.
Negative balance protection for retail clients.
Member of Investor Compensation Fund.

Tradable Products

“Tradeo offers users the ability to trade on more than 200+ financial instruments covering Forex, Shares, Commodities, Indices and Cryptocurrencies.”

Tradeo offers users the ability to trade on more than 200+ financial instruments covering Forex, Shares, Commodities, Indices and Cryptocurrencies. Below is a list of just some of the available financial instruments for trading:

Forex	Commodities	Indices
EURUSD	Nickel	DAX30
USDCAD	Cocoa	FTS100
NZDUSD	XAUUSD	DJ30
CHFJPY	Crude Oil	AEX25
NZDCHF	Shares	Crypto
GBPCAD	Unilever	BTCUSD
USDTRY	Visa	XRPUSD
EURSEK	Juventus	XMRUSD
USDRUB	Walmart	ETHUSD

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

Trading costs such as commissions, 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

“Tradeo offers 5 account types called Standard, Classic, Platinum, Premium and VIP, as well as access to a demo trading account.”

Tradeo offers 5 account types called Standard, Classic, Platinum, Premium and VIP, as well as access to a demo trading account. Each account comes with different features and benefits, as highlighted below:

Generally speaking, the higher the deposit, the more access you receive to different features such as private trading sessions and SMS trading notifications.

Opening an account is a simple process. After clicking the Sign-Up button on the broker’s homepage, users are asked for name, email and telephone number. Users are then redirected to the broker’s online Client Portal area. Here, users can complete the application form which asks for personal details, financial details, trading experience and more.

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. Uploading verification documents can be done from the Client Portal area. Users can also manage different trading accounts, access the Tradeo Web platform and deposit and withdrawal options.

Deposit & Withdrawals options

“Tradeo offers the ability to deposit funds fee-free via credit/debit card, Neteller, Skrill and bank wire transfer. Withdrawals via bank wires are charged at 30 EUR/USD/GBP up to $10k and 0.03% above that amount.”

Tradeo offers the ability to deposit funds fee-free via credit/debit card, Neteller, Skrill and bank wire transfer. This can be done directly from the client portal area once logged in.

The minimum withdrawal is 15 EUR/USD/GBP and a commission of 30 EUR/USD/GBP is charged up to $10,000 and 0.03% for any amount above this. Withdrawals can take between 2-5 business days and can be done from the client portal area.

Web & Desktop Trading Platforms

“Tradeo offers users the ability to trade on the globally recognised MetaTrader 4 platform and it’s own web-based trading platform.”

Tradeo offers multiple trading platforms suitable for both beginner and advanced traders. These include the following:

Tradeo MetaTrader 4

The Tradeo MetaTrader 4 trading platform is available for desktop download and offers features such as:

Real-time prices
One-click trading
Multiple order types
Multiple asset classes
Technical analysis tools

Tradeo Web Platform

The Tradeo Web platform is available via web browser and offers limited features but includes:

No downloads
3 chart types
5 technical indicators
Multiple asset classes

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

Mobile Trading Platforms

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

Tradeo 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:

Real-time pricing and trading
Access to multiple asset classes
View multiple timeframes and technical tools
Trade and manage accounts on the go

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

Trading Features

“Tradeo does not provide any additional features from what is already available in the MetaTrader trading platform such as the MarketPlace for copy trading services, technical indicators and automated strategies.”

Tradeo does not provide any additional features from what is already available in the MetaTrader trading platform such as access to the MarketPlace. This provides users with the ability to access copy trading services, download customised technical trading indicators and automated strategies.

Commissions & Spreads

“Trading costs with Tradeo vary depending on the account type opened and financial instrument being traded.”

Trading costs with Tradeo vary depending on the account type opened and financial instrument being traded. In the broker’s Contract Specification section it lays out the charges for each account type and each instrument available to trade on, as shown below:

The commissions are calculated in percentage terms and are higher than the industry average. Swap values are also higher than the industry average and are mainly negative swaps. However, users can receive commission discounts and swap discounts depending on their minimum deposits, as shown below:

According to the broker’s legal documents, they will also charge a monthly inactivity fee if no activity has been made for more than 90 days. This fee is 22 USD, 20 EUR or 15 GBP. There are also currency conversions if the base currency is different than the deposited amount.

Bonus & Promotions

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

Customer Support

“Tradeo offers customer support via email, telephone and live chat Monday to Sunday 7am – 6pm UK time. They also provide access to a detailed FAQ section.”

Tradeo offers customer support via email, telephone and live chat Monday to Sunday 7am to 6pm UK time. They also provide access to a detailed FAQ section. After logging into the live chat we were greeted by an agent in a few minutes who answered our question, as shown below:

Contact Information:

Address: Office 11A, Griva Digeni 80, Swepco Court, 3101, Limassol, Cyprus

Email: support@tradeo.com
Phone: +357-25262938
Social Media:

Research

“Tradeo provides basic trader research through its Market Review, Blog and Traders Tools section which also provides a Daily Market Analysis video.’

Tradeo provides basic trader research through its Market Review and Blog section and its online Economic Calendar. The Market Review section provides articles covering a wide range of different topics and also includes daily market analysis videos, as shown below:

Trader Education

“Tradeo provides educational resources in the form of a Video Tutorial library.”

Tradeo provides educational resources in the form of a Video Tutorial library. This includes videos covering a variety of trading topics such as candlesticks, indicators, MT4 and more.

Trading Experience

“Tradeo provides a simple trading offering to trade on more than 200+ markets from its own basic web trading platform and the MetaTrader 4 trading platform.”

From our observations, Tradeo provides a simple trading offering to trade on more than 200+ CFD instruments covering Forex, Shares, Commodities, Cryptocurrencies and Indices. Users can trade from the broker’s own web-based trading platform which is easy to access but limited in features.

Users can also trade from the MetaTrader 4 trading platform for desktop and mobile and access a range of different trading features. Some trader research is provided in the broker’s Market Review section which is helpful for beginner traders as is the Monday to Sunday customer service opening times on its live chat.

FAQ

Is Tradeo regulated?

Yes, by CySEC.

Where is Tradeo based?

Tradeo is based at Office 11A, Griva Digeni 80, Swepco Court, 3101, Limassol, Cyprus

How does Tradeo make money?

Tradeo makes money mainly through spreads, commissions and swaps on certain asset classes.

How do I deposit in Tradeo account?

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

What is the min. deposit for Tradeo?

The minimum deposit is 200 EUR.

How do I withdraw money from Tradeo?

To request a withdrawal, login to your Client Area and click the “Withdraw” tab on your left hand side.

What is the max leverage in Tradeo?

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

How do I open an account with Tradeo?

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

Does Tradeo use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“Tradeo is a CySEC regulated broker offering to trade on more than 200+ financial CFD instruments covering Forex, Cryptocurrencies, Commodities, Shares and Indices on the MetaTrader 4 trading platform and the broker’s own web-based trading platform.”

Tradeo is a brand name of UR Trade Fix Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker, due to regulatory requirements offers segregated trading accounts and negative balance protection for retail clients.

Users can choose from 5 different account types called Standard, Classic, Platinum, Premium and VIP. Each account has different features and benefits, as well as different minimum deposits and trading costs. Higher funded accounts come with additional features such as private educational sessions.

With Tradeo, users can trade on more than 200+ financial CFD instruments covering Forex, Cryptocurrencies, Commodities, Shares and Indices on the globally recognised MetaTrader 4 trading platform, as well as the broker’s own Tradeo Web Trader platform. Trader research and education resources are provided through the broker’s Market Review and Video Tutorial section.

CySEC regulated.
200+ CFDs to trade on.
Can trade on MetaTrader 4.
Easy access web trading platform.

Official Site >

OPEN ACCOUNT

DEMO ACCOUNT

Risk disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Official Site >

OPEN ACCOUNT

DEMO ACCOUNT

Risk disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Specs

Official Site >

OPEN ACCOUNT

DEMO ACCOUNT

Risk disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Tradeo Review 2021

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