Brokereo – scam or not?

Ludvig
17.10.2021
11 Views
Brokero

Have you started to take an interest in the latest popular phenomenon that has ravaged the internet for the last 2 years? If you knock on Bitcoin and cryptocurrency, then you are partly right about that. It involves, among other things, cryptocurrency. What we are aiming for here is trading.

Many Norwegians have become very interested in this, and see the opportunity by earning extra money. Many have actually done just fine and are making a nice profit after a couple of rounds of trading on various trading platforms.

This phenomenon can be compared a bit with the big “boom” you got when Norwegians opened their eyes to Bitcoin and other cryptocurrencies. Many of us invest a lot of time, and not least money in this phenomenon, and at the same time we learn along the way while we do this.

Since it is so popular, also outside Great Britain ‘s borders, over time an incredible number of platforms have emerged that you can use if you want to take part in this. For many, this may be unfamiliar terrain, and can seem daunting. But after getting a little into it, you get a little blood on your teeth, especially if you see that it gives a return and return on your investment.

Since there are so many platforms, which one should one use? Are the platforms safe to use? Will you risk being scammed? These are some of the questions many of us seek answers to.

We will become better acquainted with one of the platforms offered to Norwegian users, namely Brokereo. We will go a little deeper into this platform and try to answer some of the questions.

About Brokereo

The Brokereo.com domain is operated by Concorde Investments Ltd of Cyprus. Both head office and contact address and added to Limasol in Cyprus. Brokereo is authorized and regulated by the Cyprus Securities and Exchange Commission, license number 189/13 and registration number: HE300828.

Brokereo users have the option to choose between three types of accounts: Silver, Gold and Platinum. All three can be used to trade more than 300 CFD financial instruments. The portfolio contains more than 30 cryptocurrency CFDs as well as currency pairs, commodities, stocks, indices and metals. Each account type has different features and benefits, with the platinum account offering the lowest spreads from 0.3 pips.

Trading on Brokereo is performed using the world-renowned trading software MetaTrader 4, with a web version and a mobile trading application. Users also have access to a wide range of research and training resources, including e-books, quotes, tutorials, daily news articles and videos.

Main info – Brokereo

  • Website address: https://www.brokereo.com
  • CFDs: currency pairs, cryptocurrencies, commodities, stocks, indices and metals
  • Utilization: up to 1:30 (for traders), up to 1: 500 for professional traders
  • Minimum deposit: from $ 250
  • Demo account: Yes, free admission
  • Deposit and withdrawal methods: credit cards (Visa, Mastercard, Maestro, V Pay), bank transfer, Neteller and Skrill

Is Brokereo safe and reliable

An important question when choosing a broker is whether the broker is safe and reliable. An important indication of this is always the issuance of a license by a financial supervisory authority. Brokereo may refer to a license from the Cyprus Securities and Exchange Commission, better known as CySEC, which is the Financial Supervisory Authority of Cyprus. The authority ensures supervision, maintenance of sufficient capital, regular audits and security for deposits made by customers.

In addition, CySEC ensures that the broker does not interfere in fraudulent activities, while keeping users’ deposits and profits separate from the company’s business accounts. Furthermore, Brokereo offers protection against a negative balance / balance. The moment the account balance reaches zero, the broker closes the position automatically, so you can not go over to the negative. Another advantage of the CySEC Regulation is that it is an equalization fund in case Brokereo suddenly has to close completely unexpectedly.

When it comes to website security, Brokereo uses secure SSL encryption to protect all data. All transactions are transmitted by first-level PCI compliance services to store and manage all information entered securely. This ensures that all sensitive information is secure during the use of the entire website.

Account types at Brokereo

As mentioned a little further up, Brokers offer their users three types of accounts to choose from. Silver, Gold and Platinum are the choices the user will be able to choose from.

All three accounts have a few things in common; there is no deposit limit, no deposit fee and access to more than 300 different CDFs.

Maximum influence for dealers goes up to 1:30. If you choose a professional account, the influence goes up to 1: 500. There are also significant differences in spreads, which are significantly reduced if you choose a Gold or Platinum account.

This is what users get in the different account types:

Silver (silver) – account:

  • FX influence: 1:30 (for dealers)
  • Spreads start from 1.0
  • More than 300 assets
  • Available customer support Monday to Friday from 08: 00-17: 00 GMT
  • Free deposit

Gold – account:

  • FX influence: 1:30 (for dealers)
  • Spreads start at 0.4
  • More than 300 assets
  • Available customer support Monday to Friday from 08: 00-17: 00 GMT
  • Own account manager
  • Free deposit

Platinum – account:

  • FX influence: 1:30 (for dealers)
  • Spreads start from 1.0
  • More than 300 assets
  • Available customer support Monday to Friday from 08: 00-17: 00 GMT
  • Own account manager
  • Free deposit

Registering an account with Brokereo

The actual registration process at Brokereo does not take long as long as you have all the information requested.

Here we will take step by step how to register with Brokereo.

Step 1

  • Visit the Brokereo website, https://lp.brokereo.com/lead-generation/en/, and click on “Open Account”
  • Fill in the requested information. It can include telephone number, e-mail address and not least full name

Step 2

  • Additional personal details will be requested. Please state this
  • Answer the questions that arise as best you can

Step 3

  • Submit a photo or scan of a valid national ID, such as a passport or ID card
  • Make a deposit and start trading on the platform.

Customer service

Those who sit at the support department at Brokereo are ready to help any user. You can contact them if there are questions about shopping and using the platform. Everyone who sits and chats, talks and writes with you is very competent in their field. There are no questions that are too stupid.

Customer service at Brokereo can be reached both by chat (live chat) phone and e-mail.

Customer service phone number: +35780092710

Email address, support: [email protected]

Platform for Trading at Brokereo

Brokereo’s WebTrader is a browser version of MetaTrader 4, which means you have the best trading features and tools MT4, widely used in the industry, offers to its users, whether it’s thousands of technical indicators or automated scripts. With WebTrader, you can analyze the various financial markets and access the various charting tools and a watch list in the standard workspace, as well as use automated trading. You can also contact customer support and access and enjoy the full functionality of MT4.

Trading on mobile

Brokereo can offer its users a mobile app that is available on Android and iOS devices. The app is designed so that users can shop quickly and easily.

The app offers real-time streaming offers with built-in charts, technical indicators, trade alerts and push alerts. Like WebTrader, Mobile Trader is also based on MT4 software.

CDFs on cryptocurrency

Brokereo offers 30 different cryptocurrencies CFDs, which can be traded in either US Dollars (USD), Euros (EUR) or British Pounds (GBP). The big advantage of CFDs over “real” cryptocurrencies is that you do not get storage risk. This means you do not have to worry about having them in your wallet. Below is a list of available crypto-CFDs:

  • Bitcoin vs. US Dollar (Bitfinex)
  • Bitcoin vs. Euro (Bitfinex)
  • Bitcoin vs. British Pound (Bitfinex)
  • Ethereum Vs. US Dollar (Bitfinex)
  • Ethereum Vs. Euro (Bitfinex)
  • Ethereum Vs. British Pound (Bitfinex)
  • Litecoin vs. US Dollar (Bitfinex)
  • Litecoin vs. Euro (Bitfinex)
  • Litecoin vs. British Pound (Bitfinex)
  • Dash Vs. US Dollar (Bitfinex)
  • Dash Vs. Euro (Bitfinex)
  • Dash Vs. British Pound (Bitfinex)
  • Ripple Vs. US Dollar (Bitfinex)
  • Ripple Vs. Euro (Bitfinex)
  • Ripple Vs. British Pound (Bitfinex)
  • Ethereum Classic Vs. US Dollar (Bitfinex)
  • Ethereum Classic Vs. Euro (Bitfinex)
  • Ethereum Classic Vs. British Pound (Bitfinex)
  • Bitcoin Gold vs. US Dollar (Bitfinex)
  • Stellar Vs. US Dollar (Bittrex)
  • Cardano Vs. US Dollar (Bittrex)
  • Bitcoin Cash ABC vs. US Dollar (Bitfinex)
  • Bitcoin Cash SV vs. US Dollar (Bitfinex)
  • IOTA Vs. US Dollar (Bitfinex)
  • Lisk Vs. US Dollar (Bittrex)
  • NEO Vs. US Dollar (Bitfinex)
  • QTUM Vs. US Dollar (Bitfinex)
  • NEM Vs. US Dollar (Bittrex)
  • Zcash Vs. US Dollar (Bitfinex)
  • Verge Vs. US Dollar (Bittrex)
  • Siacoin Vs. US Dollar (Poloniex)
  • Bitcoin Gold vs. US Dollar (Bitfinex)
  • Monero vs. US Dollar (Bitfinex)

Fees

It is mentioned that Brokereo does not charge a deposit fee. However, the following fees may apply:

  • Spreads: the difference between the purchase price (price) and the selling price (rate) of the financial instrument on the same date. The spread is dynamic and can be a factor that affects liquidity in external markets and pricing of competitors.
  • Transfer fee: charged daily. If a currency transaction or CFD transaction is not closed by the client before 21:00 on the working day, a transfer fee will be charged. This is common practice among brokers.
  • Inactivity fee: For accounts without trading activity, an administration / maintenance fee is charged monthly to keep an account available.

Payment methods

At Brokereo, you have a number of choices when it comes to payment. Most debit and credit cards such as VISA, Mastercard and Maestro are accepted. There are also options for payment with e-wallets, such as Skrill and Neteller. If you want to be a little more traditional, you have the opportunity to make a regular bank transfer. Remember that bank transfer takes longer than, for example, bank cards and e-wallets.

Benefits of using Brokereo

What makes Brokereo one of the best trading platforms is the benefits offered there. Everyone loves benefits, as long as it makes using the platform easier.

  • A regulated platform
  • Free demo account
  • Fee-free trading
  • A dedicated customer support
  • Free research and education center
  • personal account manager

Conclusion

After going a little in depth and checking, and not least trying, Brokereo and what they can offer, it can be said that this platform is completely safe and secure to use. They seem to be a serious player in this industry.

The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is a well-known and reliable European regulator. Brokereo offers a large number of CFDs, and with MetaTrader 4, a powerful industry-standard trading software. On the platform, 30 different cryptocurrencies can be traded as CFDs, as well as CFDs on forex, cryptocurrency, commodities or stocks.

The mobile app that Brokereo presents also uses the same software as the online version, and the quality is at a top level.

FAQ / Frequently Asked Questions

What is the minimum deposit amount at Brokereo?

The minimum amount for deposits is set at 250 USD (US Dollar), which corresponds to approximately 2,140 Norwegian kroner.

How to open an account with Brokereo?

If you want to start trading with Brokereo, you must follow three simple steps to create an account. It takes a few minutes to complete it and start shopping. To register, enter personal details and click create an account, followed by providing important information and making a deposit.

Check out these crypto exchanges we recommend:

Is it safe to use Brokereo?

Yes, it is safe to trade with Brokereo. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC). At the same time, it also offers first-class security features such as firewalls and SSL. In addition, you will also have segregated bank accounts and robust tools that can be used as protection.

Can you use a bank card (debit – credit card) to make a deposit?

Bank and credit cards such as VISA and Mastercard are approved payment methods at Brokereo. In addition to bank and credit cards, you will have the opportunity to use e-wallets such as Skrill and Neteller.

Author Ludvig

Ludvig har lang erfaring med kjøp og salg av kryptovaluta. De senere årene har han tatt det til et nytt nivå og prøver å leve av kryptovaluta trading. Han følger godt med på markedet og har opparbeidet seg god kompetanse på teknisk analyse mm. Vi er veldig glad for å ha Ludvig med på laget, og er det noe du lurer på angående kryptovaluta er dette mannen du spør!