Tradeo broker review
Established in 2012, Tradeo is a Forex trading platform and at the same time a social trading network for currency traders. Tradeo is also a social trading partner of an investment company regulated by the… continue reading
|Founded in the year||2011|
|Main office based in||Malta|
|Contact possibilities||Email: firstname.lastname@example.org, phone, live chat, skype|
|Available languages||English, Italiano, Deutsch, Español, Français, Português, Pyccĸий, العَرَبِية|
|Trading platform||Metatrader 4|
|Minimum first deposit||€250|
|Minimum amount traded||€5|
|Maximum amount traded||€5|
|Pay out information||Fast payout within two working days|
|Leverage||Up to 200:1|
|Spread||2.5 – 3 pips|
|Demo account||Click to open a Demo account|
|Regulated by||Regulated by Financial Service Authority, CYSEC, and MFSA|
|Available accounts||Real account, demo account, social account|
|Methods of deposit||Bank transfer, Visa, MasterCard, Skrill, Neteller, Sofort, TrustPay|
|Methods of withdrawal||Bank transfer, Visa, MasterCard, Skrill, Neteller, Sofort, TrustPay|
|Number of tradable Assets||100|
|Types of tradable assets||Forex, Stocks, (CFDs), Commodities, Indices|
|US traders allowed|
|Trading on smartphone|
|Trading on tablet|
Complete Tradeo Review
Established in 2012, Tradeo is a Forex trading platform and at the same time a social trading network for currency traders. Tradeo is also a social trading partner of an investment company regulated by the Malta Financial Services Authority; Hogg Capital Investments Ltd. Initially, Tradeo is a Straight-Through Processing (STP) broker. Tradeo differentiates itself from other Forex brokers because they not only offer Forex or currency trading but also provide a social trading network in the same interface. Before Tradeo existed, traders had to switch between the order execution and social trading information screens in order to “follow” other traders in their investments.
Tradeo trading platforms
Tradeo’s trading platforms consist of two main platforms: their own Social WebTrader and the MetaTrader4 (MT4) platform. The MetaTrader4 platform (as the standard platform in the industry) is familiar to most traders. MT4 is primarily known for its extensive charts with technical indicators. Besides, the MetaTrader4 platform can be combined with Expert Advisors (EAs). Worldwide, there are many traders who fully personalize their MT4. The Social WebTrader is what makes Tradeo unique however. As previously stated, Tradeo is the first trading platform that displays Social Feeds and order execution in a single interface. The Tradeo trading platform took a total of three years to develop. Special attention has been paid to the functionality of the chat function, copying trades and traders, live streaming prices, one-click order execution, and real-time Social feed.
Tradeo account types
Tradeo offers just one single type of trading account. By funding their trading account with a minimum of €100 traders can open a real account and trade over 100 currency pairs and CFDs. The maximum leverage is 200:1. It is possible to practice with a demo account so that you can first try out the trading platform with virtual money before you start trading with real money.
Tradeo commissions and spread
Tradeo does not charge any hidden commissions or fees. However, traders have to pay a slightly wider spread on Forex pairs. The minimum spread on Major currency pairs is about 2.2 pips, which can increase to 21.75 pips or points for more “exotic” currency pairs.
Tradeo customer service
The customer service of Tradeo is available via Live Chat, email and phone. To make it as comfortable as possible for its customers Tradeo’s customer service is open 24/5. The Tradeo website and its customer service are available in eight languages including: Arabic, English, French, Italian German, French, Portuguese and Russian.
Tradeo review conclusion
Without doubt the Tradeo Social WebTrader is ideal for traders who are new to online trading and who do not yet have the knowledge and experience to open consistently winning, successful positions. The one click trading mode allows beginners to begin trading stress-free. For experienced traders Tradeo is an excellent option as well, because if one doesn’t have the time to watch the markets every minute of the day one can simply follow or copy friends, acquaintances, or “trusted” traders and let the trading be done for them.
- Follow the top performing traders
- Easy to understand user interface
- Reliable and trusted social trading broker