Brokereo Review 2021
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| Brokereo has blasted onto the scene as a forex and CFD broker with a wide range of assets, popular trading platforms, comprehensive educational material and advanced trading support. | ||
Brokereo is broker that provides access to CFD, Forex, Cryptocurrency and Stocks. Brokereo allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.
In terms of features offered to traders, Brokereo has Demo Accounts, Islamic Accounts, Signals and Auto Trading but is missing Social Trading.
Cryptocurrency traders will have lots of options at Brokereo, with 21 different coins to trade: ADA, BCH, BNB, BTC, DOGE, DSH, EOS, ETC, ETH, IOT, KCS, LINK, LTC, NEO, TRX, XLM, XMR, XRP, XTZ, YCC and ZEC.
Brokereo is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.
Brokereo Summary
Brokereo has blasted onto the scene as a forex and CFD broker with a wide range of assets, popular trading platforms, comprehensive educational material and advanced trading support.
Ratings
| Bonus | None |
|---|---|
| Instruments | CFD, Forex, Crypto, Stocks |
| Demo Account | ✓ |
| Min. Deposit | $250 |
| Min. Trade | 0.01 lots |
| Regulated By | CySEC |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✗ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | iOS & Android |
| Auto Trading | ✓ |
| Trade Signals | ✓ |
| Social Trading | ✗ |
| Copy Trading | ✓ |
| Islamic Account | ✓ |
CFD Trading
Brokereo supports CFD trading in a wide range of markets, from global indices and equities to cryptocurrencies, hard and soft commodities and foreign exchange.
| Leverage | 1:30 Retail, 1:500 Professional |
|---|---|
| FTSE Spread | 50 |
| GBPUSD Spread | 2.5 |
| Oil Spread | 4 |
| Stocks Spread | 9 |
Forex Trading
Over 45 currency pairs can be traded by Brokereo clients on the award-winning MT4 trading platform.
| GBPUSD Spread | 2.5 |
|---|---|
| EURUSD Spread | 2 |
| EURGBP Spread | 1.9 |
| Assets | 45 |
Cryptocurrency Trading
Brokereo supports an impressive range of cryptocurrency CFDs with 21 tokens against GBP, USD, EUR & CNY
| Spread | 10 |
|---|---|
| Coins | ADA, BCH, BNB, BTC, DOGE, DSH, EOS, ETC, ETH, IOT, KCS, LINK, LTC, NEO, TRX, XLM, XMR, XRP, XTZ, YCC, ZEC |
Payment Methods
Brokereo accepts the following payment methods:
- Visa
- Skrill
- Neteller
- Wire Transfer
- Credit Card
- Mastercard
FAQ
Is Brokereo Safe?
In our review we gave Brokereo a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that Brokereo is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.
Does Brokereo Accept PayPal?
No, Brokereo does not accept PayPal payments.
Is Brokereo Halal?
Yes, Brokereo does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does Brokereo support?
Brokereo only supports the MetaTrader 4 trading platform at this time.
Is Brokereo Regulated?
Yes, Brokereo is regulated by CySEC.
The fact that Brokereo is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.
Brokereo vs Other Brokers
If you want to compare Brokereo with other brokers, use the detailed comparisons below.
Brokereo vs |
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| Brokereo has blasted onto the scene as a forex and CFD broker with a wide range of assets, popular trading platforms, comprehensive educational material and advanced trading support. | ||