4/5

Your capital is at risk

    Available Countries
  • United Kingdom, Australia, Europe, New Zealand (Show More)
  • Deposit Methods
  • Credit Card, Debit Card, Bank Transfer (Show More)
  • Cryptocurrency CFDs
    Platform Type
  • CFD Trading Platform (CFD)
  • CFD Instruments
  • Crypto, Indices, Forex, Commodities, Shares
Margin Trading
  • Yes
  • Built In Wallet
  • No
  • Compensation Scheme
  • Yes
  • Regulated
  • Yes
  • Minimum Deposit
  • €250
  • Deposit Fees
  • Free (Show More)
  • Withdrawal Fees
  • Free, Inactive accounts subject to €50 fee (Show More)
  • Trading Fees
  • Varies, Spreads starting at 0.7 pips (Show More)
  • Limits
  • Varies, Minimum free withdrawal €100 (Show More)
  • Verification
  • KYC Verification (Show More)
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    Brokereo Platform Review

    Brokereo is one of the newest CFD trading platforms on the web. Although its a new player in this competitive industry, it has all the hallmarks of a top contender. Apart from offering a wide selection of markets, Brokereo is an award-winning broker which prioritises speed, reliability, and service excellence.

    Brokereo Review
    Screenshots are shown for illustration purposes only. Actual product may vary.

    Your capital is at risk

    Brokereo is registered in Cyprus and operated by Concorde Investments (Cyprus) Limited. The platform is regulated by the Cyprus Securities and Exchange Commission (CySEC) and provides an Investor Compensation Fund in case of insolvency. Whilst the platform may be new, it already enjoys a positive online reputation and has won The European’s Best Retail FX Broker – Europe 2020.

    The primary instrument used on Brokereo is the Contract for Difference (CFD). This alternative financial method lets you invest in asset derivatives without needing to purchase and store the underlying asset. As a result, you can buy and sell Bitcoin CFDs without needing to have a cryptocurrency wallet. You can learn more about trading CFDs in our detailed guide.

    CFDs let you trade faster whilst enjoying lower fees. Brokereo gives you the opportunity to trade with leverage, thus opening bigger positions with a smaller investment. Trading on leverage can magnify potential profits as well as losses. It is considered to be a high-risk strategy which you should only use if you fully understand the risks and can afford losing part or all of your capital. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

    Is Brokereo Safe?

    Trading on Brokereo is easy and safe thanks to the features and safety measures put in place by the operator. Apart from protecting user data and financial information through encryption and firewalls, the CFD broker helps users create strong passwords and is continually investing in improved security.

    As a regulated platform, Brokereo must comply with strict Anti-Money Laundering and Financing of Terrorism rules. In addition, since it is part of the Investor Compensation Fund, it must comply with additional measures, such as keeping user funds in segregated accounts.

    Brokereo Trading Platform

    The Brokereo trading platform is designed to be user-friendly and intuitive, giving you the opportunity to manage your portfolio from a single window. For your convenience, the platform is available as both a web platform and a mobile app. No matter which platform you opt for, you will get access to the full range of markets offered by Brokereo. Invest in CFDs of cryptocurrencies, commodities, shares, indices, and metals, or invest directly in Forex. You can even integrate with Meta Trader 4, letting you trade with a platform you are already familiar with.

    Web Trader

    Brokereo Web Trader
    Screenshots are shown for illustration purposes only. Actual product may vary.

    The browser-based web trader is designed to work across different operating systems, providing you with live updates of your investment portfolio. It offers an easy to use and fully customisable interface letting you open and close orders with a single click. Moreover, advanced search and filter options make it easier to select markets and assets which match your investment strategy.

    Mobile App

    Brokereo Mobile App
    Screenshots are shown for illustration purposes only. Actual product may vary.

    With the Brokereo mobile trading app, you can stay on top of all your investments wherever you are. Available for Android and iOS devices, you can access the same trading tools and educational support available on the web trader. Open and close trades with a single tap and perform analysis using this 100% functional platform.

    You can download the Brokereo mobile trading app by clicking on “Platforms” in the main navigation menu and then clicking on “Mobile app”.

    Trading Accounts

    Brokereo caters to both professional and retail investors through dedicated accounts. Professional investors have access to superior features and better rates, but also lose the protection offered through the Investor Compensation Scheme. Retail investors can still enjoy a wide range of features and benefits and a choice of three different account types:

    Brokereo Account Types
    Screenshots are shown for illustration purposes only. Actual product may vary.
    • Silver Account – Suitable for beginner traders
    • Gold Account – Suitable for accomplished traders
    • Platinum Account – Suitable for competent traders

    While all three account types share similar benefits, Gold and Platinum account holders enjoy discounts on fees and a dedicated account manager.

    How to Sign Up on Brokereo

    Brokereo Sign Up Page
    Screenshots are shown for illustration purposes only. Actual product may vary.

    The account opening process on this CFD trading platform is fast and simple. To open your Brokereo account today simply follow these steps:

    1. Visit the Brokero website and click on “Open Account”
    2. Enter your details as instructed by the form, clicking “Continue” to move from one page to another
    3. You will be asked a few multiple-choice questions to determine your level of investment competency and source of funds
    4. Once your account has been opened you will be able to deposit funds and verify your details

    Your capital is at risk

    Brokereo will send you a confirmation email to confirm the opening of your new account. Click on the link within the message to verify your email address.

    How to Login on Brokereo

    Brokereo Login
    Screenshots are shown for illustration purposes only. Actual product may vary.

    Once you have opened an account on Brokereo, you can log in anytime. Simply follow these steps:

    1. Visit the Brokereo website and clock on “Login”
    2. Enter your registered email and password, and click on “Login”

    If you have forgotten your password, click on the “Forgot password?” link located at the bottom of the form.

    Verification Requirements

    Brokereo is a registered and regulated CFD trading broker which must adhere to strict rules. As part of their Know Your Customer (KYC) processes, they require that all users create an account and verify their details. Although you won’t be required to verify your account immediately, you will not be able to withdraw funds until this step is completed.

    To verify your Brokereo account you will need to provide:

    • Proof of identity documents (ID card, passport or driving license)
    • Proof of residency documents (Bank statement, utility bill, or government document)
    • Payment documents (Declaration of deposit, credit card statement, or eWallet confirmation)

    Once you have logged into your account, you can find all relevant verification details on the “Documents” tab. If you require any assistance you can contact customer care.

    How to Buy Bitcoin CFDs with Brokereo

    Whether you use Brokereo’s own trading platforms or connect via MT4, buying Bitcoin CFDs and other assets involves a very simple process.

    1. Open your trading platform and click on ‘Market Watch’
    2. Search for the cryptocurrency pair you wish to trade, such as BTCUSD
    3. Double click on the pair to open the order screen
    4. Enter the volume of your trade and set optional automatic limits
    5. Click on either ‘Sell’ if you would like to short sell Bitcoin or ‘Buy’ if you would like to open a long position

    Most orders give you the opportunity to set optional automatic limits. The “Stop Loss” and “Take Profit” limits safeguard your capital by intervening on your behalf when you’re not actively following your trades. They are a good way to cut your losses rather than lose your entire investment. For this reason, it is highly recommended that you activate them with every trade.

    Your capital is at risk

    It is important to remember that CFDs are complex trading instruments which come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether or not you fully understand how CFDs work and make an informed decision on whether you are willing to take the high risk of a substantial loss.

    How to Cash Out on Brokereo

    To close an open position on Brokereo you simply need to do the following:

    1. Click on the ‘Open Trades’ tab on your trading platform
    2. Select the position you wish to close, right-click on it, and press “Close Order”
    3. Click on the “Close Order” button in the order screen that pops up.

    Once a position has been closed any associated fees are deducted and the balance is deposited into your account. From there you can either withdraw the funds to your bank account or keep them for future trades.

    Supported Cryptocurrencies

    Brokereo Supported Cryptocurrencies
    Screenshots are shown for illustration purposes only. Actual product may vary.

    Brokerero gives you the opportunity and flexibility to invest in over 30 cryptocurrency pairs. From a single, user-friendly platform, you will be able to invest in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), DASH (DSH), Ripple (XRP), Ethereum Classic (ETC), and Bitcoin Gold (BTG), amongst others. These cryptocurrencies are paired with the primary fiat currencies of the platform, namely USD, EUR, and GBP.

    Supported Countries

    Brokereo is available in most countries around the world with a few notable exceptions. The list of supported countries can change over time, so you will be notified if your country is supported or not during the signup process.

    Supported

    You can open a Brokereo account if you reside in an EU nation, as well as the UK, Australia, and New Zealand. In fact, you are likely to be able to open an account as long as you do not reside in any country mentioned in the excluded section below.

    Excluded

    Brokereo is not currently available to residents of the USA and Canada. In addition, countries which are deemed to present a high financial risk, such as North Korea, are also excluded.

    Platform Fees & Limits

    All Brokereo users should be aware of the platform’s fees and limits. The following section offers a thorough breakdown of what you can expect.

    Fees

    Brokereo prides itself on the fact that it is a 0% commission online broker. As a result, the main fee charged by the platform is the spread. This markup is added to the buy and sell price of a CFD, so the price you see includes it already. Gold and Platinum account holders benefit from better spreads than Silver account holders, starting at only 0.03 pips.

    Every asset has a time of day which is considered to be the end of the trading day. If you have any CFD positions open beyond this time and have taken any leverage, Brokereo will charge you a swap fee. Once again, gold and platinum accounts benefit from discounted swap fees.

    a conversion fee, both when opening and closing a position.

    Inactive accounts on Brokereo are subject to account maintenance fees. Following 60 days of inactivity, a fee of €80 is charged. This fee continues to be charged and increases in value for every period of 30 days of further inactivity.

    Brokereo does not charge deposit or withdrawal fees in most cases. The main exception related to withdrawals from an inactive account or payments whose value is less than €100. In such cases, a €50 may apply.

    Limits

    The main limits associated with Brokereo relate to leverage and payments.

    Different markets support different maximum leverage, with the maximum allowed for retail investors, in any case, being 1:30. Professional investors are able to enjoy leverages of up to 1:500.

    The minimum deposit limit on the platform is €250 or equivalent currency. Maximum deposit limits vary by payment method, with cards allowing up to €10,000 and bank transfers rising to €300,000. Although there are no minimum withdrawal limits, a surcharge is applicable to payments below €100. Maximum withdrawals vary based on the payment method.

    Supported Payment Methods

    Brokereo Payment Methods

    Brokereo has partnered up with top payment providers. You will see which options are available to your country once you open your account. The main payment methods are:

    • Cards (Visa / MasterCard)
    • eWallets (Skrill / Neteller)
    • Bank transfers

    Each payment method is subject to its own terms and limits.

    It is important to remember that CFDs are complex trading instruments which come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether or not you fully understand how CFDs work and make an informed decision on whether you are willing to take the high risk of a substantial loss.

    Brokereo Security

    In parallel with offering functionality and choice, Brokereo ensures that it maintains a safe trading environment for all of its users. The operator implements a variety of security measures, including encrypting financial transactions and securing data behind powerful firewalls. These and other security features are a prerequisite for the company to obtain and retain its operating license.

    Brokereo Customer Support

    There are several ways to get in touch with Brokereo’s helpful customer care team. Live chat is available 24/7 and is, therefore, the fastest and most convenient way to communicate. You can also contact the team via phone and email. As a registered account holder, you can also open a ticket.

    In addition to speaking to support, the website is equipped to help you through FAQs and educational assistance.

    Brokereo is still relatively new to the online trading sector but already enjoys a positive reputation. This is certainly due, in part, to the supportive customer care team.

    Brokereo Coming Soon Features

    The online CFD trading platform is constantly adding new features and expanding its markets. Since it operates in a highly competitive industry, Brokereo does not divulge upcoming features ahead of time but announces them just as they are released. As a result, the best way to stay up to date with its latest news is to register to receive emails from the broker. You should also visit Cryptimi News to stay up to date with the latest news related to cryptocurrencies and investments.

    Top Competitors

    Brokereo vs. eToro

    Both CFD trading platforms are regulated and own a license issued by CySEC. Whilst they offer similar trading features, eToro excels by providing a much larger selection of cryptocurrency pairs as well as useful features including CopyTrader and CopyPortfolio.

    Brokereo vs. IQ Option

    There are several similarities between Brokereo and IQ Option. Both platforms are registered in Cyprus and offer a safe and functional trading environment on computer and mobile. IQ Option’s fees and limits are, in many cases, lower than those offered by Brokereo.

    Brokereo vs. T1Markets

    Both Brokereo and T1Markets are licensed in Cyprus and offer MT4 integration through their web and mobile trading platforms. They offer similar fees and provide around 30+ cryptocurrency pairs. T1Market’s minimum deposit fee is slightly lower than Brokereo’s, but overall, both CFD brokers offer a similar solution.

    Conclusion

    As one of the newer CFD trading platforms, Brokereo faces an uphill struggle to gain market share and shine in a crowded market. Apart from being a licensed broker, it has already won a coveted award and provides a flexible and convenient trading platform. For all these and other reasons, it is certainly a worthy cryptocurrency CFD broker.

    Your capital is at risk

    Pros and Cons

    Brokereo Pros and Cons Infographic

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