Information
Trade Forex Analysis of Brokereo
Overview of Brokereo
Founded in 2024, Brokereo is a Forex broker based in Cyprus. This broker is geared primarily towards European traders, with a notable exclusion of traders from the UK, Czech Republic, and Belgium.
Regulatory Compliance and Reliability
Brokereo operates under the management of Neo Premium Investments (NPI) Ltd, previously known as Concorde Investments (Cyprus) Ltd. This broker is recognized for its strict adherence to regulatory standards, being fully licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). Not just that, Brokereo is a participant in the broker insolvency compensation fund, which adds an extra layer of security for traders. The broker takes the separation of client and company funds seriously, maintaining them in segregated accounts, ensuring heightened financial integrity.
Furthermore, Brokereo has extended its regulatory compliance across Europe, registering with various local regulatory bodies including FMA (Austria), FSC (Bulgaria), HANF (Croatia), FI (Sweden), FSA (Denmark), AMF (France), BaFin (Germany), CONSOB (Italy), MFSA (Malta), CNMV (Spain), and others.
Leverage Options
Staying within the boundaries of ESMA and MiFID II regulations, Brokereo offers a maximum leverage of 1:30 for major currency pairs to retail traders. For the trading big guns – the professional traders – who have verified their status, the leverage can soar up to 1:200.
Diverse Trading Instruments
Brokereo boasts an impressive array of over 350 trading instruments. This includes:
- 55 Forex currency pairs
- 30 cryptocurrency pairs
- 255 shares from American and European companies
- 22 stock indexes
- 15 widely-traded commodities
Additionally, Brokereo provides unique CFDs like the BITA Covid-19 Vaccine Giants Index and BITA Gold Lev 20x, offering traders opportunities to diversify their portfolios.
Trading Platforms
The broker offers the ever-popular and reliable MT4 trading platform, known for its stable performance and the capability to use programmable trading robots.
Account Types
Brokereo caters to a wide range of traders with its three-tier account system:
- Silver Account: Tailored for beginners, with a minimum spread of 1 point.
- Gold Account: Designed for more experienced traders, offering a minimum spread of 0.4 points.
- Platinum Account: Aimed at professional traders, with a minimum spread of 0.3 points.
Brokereo also accommodates Muslim traders by offering Islamic accounts.
Minimum Deposit and Withdrawal Terms
The minimum deposit at Brokereo is set at $250. Traders can fund their accounts through various means such as international bank transfers, Visa/MasterCard, and e-wallets like Skrill and Neteller. A notable point is the withdrawal fee of 50 euros charged in cases of account inactivity.
Concluding Thoughts
Brokereo stands out as a regulated European STP broker, offering a comprehensive range of trading instruments, including stock and cryptocurrency trading on the MT4 platform. However, its limitation to EU clients only, the absence of ECN accounts, and relatively higher spreads compared to other brokers are points to consider. As always, it’s wise to delve into detailed reviews of Brokereo and check out our comprehensive Trade Forex broker ratings before making a decision.
Brokereo at a Glance
- Broker Name: Brokereo
- Year of Foundation: 2024
- Headquarters: Cyprus
- Regulation: CySEC
- Trading Platforms: MT4
- EURUSD Spread: 3 pips
- Demo Account: Available
- Minimum Deposit: $250
- Base Currencies: USD, EUR, GBP
- Maximum Leverage: 1:200
- Assets: Currency pairs, indices, stocks, metals, cryptocurrencies
- Deposit Options: Bank Transfer, Visa/MasterCard, Skrill, Neteller
- Withdrawal Fee: Applicable in case of inactivity
- Islamic Accounts: Available
- Segregated Accounts: Yes
- PAMM Accounts: Not Available
- Partner Account: Yes
- Scalping: Allowed
- Automatic Trading: Supported
- Mobile Trading: Supported
- Web Terminal: Available
- Social Trading: Not Available
- Signals: Not Available
- VPS: Available
- Deposit Bonuses: Not Available
- Contests: Not Available
- Customer Support: 24/5
