Brokereo Platform Review

As one of the freshest faces in the online CFD trading scene, Brokereo distinguishes itself in this competitive arena with impressive features worthy of being considered a top contender. This award-winning broker doesn’t just offer a diverse market array; it surpasses expectations with its focus on quick operations, reliability, and exceptional service quality.

Brokereo, proudly stationed in Cyprus, is operated by Concorde Investments (Cyprus) Limited and is governed by the Cyprus Securities and Exchange Commission (CySEC). In the unlikely event of insolvency, an Investor Compensation Fund is in place. This platform, relatively new to the market, quickly built a stellar online reputation, proudly clinching The European’s Best Retail FX Broker – Europe 2020 title.

The go-to investment mechanism on Brokereo is the Contract for Difference (CFD), a financial approach allowing for the trading of asset derivatives without owning the asset itself. This means you can dip your toes into Bitcoin CFD trading without the hassle of managing a cryptocurrency wallet. Discover more about CFD trading in our extensive guide. .

By trading CFDs, you can enjoy expedited deal executions with considerably lower fee implications. Brokereo makes it accessible to amplify trades through leverage, enabling sizable trading positions with modest investments. Although leverage can supercharge both gains and losses, it's acknowledged as a high-risk tactic only advisable if you're well-versed in its potential outcomes and prepared to risk capital. Be aware that roughly 74-89% of retail investors face losses when trading CFDs with this broker.

Is Brokereo Safe?

Market activity on Brokereo is seamless and secure due to the protective measures the provider implements. Alongside standard encryption and firewall protocols safeguarding your data, there are provisions for creating robust passwords, with ongoing investments aimed at bolstering security for users.

As a regulated enterprise, Brokereo adheres to uncompromising Anti-Money Laundering and Counter-Terrorism Finance guidelines. Additionally, being part of the Investor Compensation Fund necessitates compliance with other criteria, like maintaining user funds in independently managed accounts.

Brokereo Trading Platform

Designed with user accessibility in mind, Brokereo's trading platform lets you oversee your investment portfolio through a singular interface, available both as a web platform and a handy mobile app. Regardless of your choice, enjoy the full spectrum of markets, ranging from CFDs on cryptos, commodities, equities, indices, and metals, to direct Forex investments. Additionally, integration with Meta Trader 4 is an option for those familiar with it.

Web Trader

The web-based trader is built for cross-platform compatibility, providing real-time portfolio updates with an interface designed for seamless utility and personalization. You can seamlessly open and close trade orders with a simple click and benefit from advanced search and filter capabilities to refine market and asset selections as per your strategies.

Mobile App

Remain in command of your investments with Brokereo’s mobile app, accessible on both Android and iOS, mirroring the trading tools and support found on its web platform. Execute trades with a simple touch and delve into analysis features this app supports.

To get the Brokereo mobile app, navigate to the main menu, select “Platforms,” then click on “Mobile app.”

Trading Accounts

Brokereo serves both professional and retail traders through specialized accounts. While pros can enjoy enhanced advantages and rates, they forfeit Investor Compensation Scheme protection. Retail traders are not left out and can still relish a variety of features across three account types:

• Silver Account – Ideal for newbies in trading
• Gold Account – Tailored for seasoned traders
• Platinum Account – Perfect for adept traders

While all accounts extend various benefits, Gold and Platinum members receive fee discounts and dedicated account management.

How to Sign Up on Brokereo

Opening an account with Brokereo is straightforward. To get started on this CFD trading platform, just follow these steps:

1. Head to Brokereo’s website and select “Open Account.”
2. Provide the requested information on the form and hit “Continue” to proceed through stages.
3. A series of multiple-choice questions will assess your investment understanding and fund origins.
4. Upon account creation, fund deposits and detail verification become available.

Brokereo will send a confirmation email for finalizing your account setup. Verify your address by clicking the link provided.

How to Login on Brokereo

Once established, access Brokereo any time by following these simple steps:

1. Visit Brokereo’s website and click “Login.”
2. Input your registered email and password, then press “Login.”

If you’ve misplaced your password, opt for the “Forgot password?” link at the form's bottom.

Verification Requirements

Brokereo, being a registered and regulated CFD trading broker, follows stringent protocols, including the Know Your Customer (KYC) processes, requiring all users to register and verify identity. Without verification, fund withdrawals remain disabled but account verification isn’t immediately requisite.

To validate your Brokereo account, submit:

• Proof of identity (ID card, passport, or driving license).
• Proof of residency (Bank statement, utility bill, or official document).
• Payment documentation (Deposit declaration, credit card statement, or eWallet confirmation).

After logging in, access core verification information under the “Documents” tab. Reach out to customer support if assistance is needed.

How to Purchase Bitcoin CFDs with Brokereo

Regardless of using Brokereo’s platforms or connecting via MT4, acquiring Bitcoin CFDs and other assets is direct.

1. Open your trading setup, navigating to ‘Market Watch’.
2. Locate the cryptocurrency pair you wish to operate, for instance, BTCUSD.
3. Double-tap the pair to access the order configurations.
4. Define your trade volume and set optional automated limits if desired.
5. Choose ‘Sell’ or opt for ‘Buy’ to establish a long position. short sell Bitcoin Most orders offer the ability to instate automatic limits, with “Stop Loss” and “Take Profit” intervening when trades aren’t actively managed. These are prudent for avoiding potential enormous losses, highly advised with each transaction.

Remember that CFDs are sophisticated financial tools carrying high rapid loss risk due to leverage. Acknowledge that 74-89% of retail investor accounts typically see losses with this provider. Reflect on your understanding of CFDs and readiness to accept significant risk.

To close any live position on Brokereo, follow this approach:

How to Cash Out on Brokereo

Access the ‘Open Trades’ section in your trading environment.

1. Choose the position intended for closure, right-click and press “Close Order.”
2. In the emerging order screen, click “Close Order” again.
3. Once positions close, any fees are adjusted and credited to your account, ready for withdrawal or reinvestment.

Brokereo provides the scope and agility for investments in over 30 crypto pairs.

Supported Cryptocurrencies

From a single user-friendly interface, engage in Bitcoin Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), DASH (DSH), Ripple (XRP), Ethereum Classic (ETC), and Bitcoin Gold (BTG), amongst others. These digital currencies can be traded against major platform currencies, namely USD, EUR, and GBP.

Supported Countries

Brokereo is accessible in multiple global regions, albeit with a handful of notable exclusions. The support list is subject to amendments, so you’ll be informed if your region qualifies during the registration phase.

Supported

Brokereo accounts are obtainable for EU residents, the UK, Australia, and New Zealand. In fact, opening an account is feasible for those not found in any of the disallowed nations noted below.

Excluded

Brokereo isn't open to people living in the USA or Canada. Additionally, countries perceived as high-risk in terms of finance, like North Korea, are also off the list.