Tradeo CFD Broker Review 75

Tradeo.com takes a unique approach to online trading with a powerful social trading platform. As a leading provider of CFD trading, this Cyprus-based brokerage offers market insights, a wide range of tradable assets and an interactive mobile app for Android and iOS. The snazzy user interface and UX makes for a top-tier experience.

Overview/Background

Tradeo is first and foremost a social trading platform. The brokerage was created by currency trading experts and social data whizzkids. The goal was to create a social trading platform of exceptionally high standards. The Tradeo model is based on authentic trading solutions and it espouses flexibility, credibility and openness. Online traders can securely trade over 100 financial instruments comprising commodities, currency pairs and indices. With leverage as high as 1:200, it is possible to open positions substantially larger than your available capital allows.

The social trading aspect of the platform is where Tradeo shines brightest. All online trading is visible to other traders and you can interact with one another in multiple ways. Perhaps the most important aspect of this brokerage is its licensing and regulation. The trading platform is run by UR TRADE FIX Ltd, with licence #282/15. It falls under the auspices of CySEC (Cyprus Securities and Exchange Commission). The trading platforms include the Social WebPlatform and MetaTrader 4.

Some of the many features of this trading platform include full transparency in asset pricing, 24-hour customer support, SSL security, high-level encryption protocols and more. The collaborative nature of the trading activity is perhaps its most enticing feature. Traders can discuss, see and copy trades opened by fellow traders. This allows you to get a real-time perspective of what other people are doing, and profit off their successful trades. Some of the tools you’ll be able to use in your CFD trading activity include: full chat functionality, complimentary trading signals, social charts, 1-click trading, technical analysis & technical indicators and multi-position closure.

Account types

Tradeo offers clients a free demo account for an unlimited period of time. Once you register, there is only a single account classification available for all trading activity. Thanks to the straight through processing trading model, there is no dealing desk. With your real-money account, you can enjoy CFD trading on 170 currency pairs, and scores of indices and commodities too. Since everything is fully regulated by CySEC, there is full transparency and accountability at all times. When you log into your account, you can use your G + profile, your Facebook account, or you simply enter your email/username and password.

Trading Platform/Software

Tradeo.com runs a MetaTrader 4 platform. But, you can also enjoy the proprietary platform which was expressly created by the Tradeo.com team. It is far better suited to the social trading interface of the platform. You can easily trade currency pairs on the highly sophisticated trading platform with 1-click trading, and the ability to close many positions simultaneously. Social WebTrader also offers the option of social charts, full chat functionality, complimentary trading signals and community-style features. You can tailor the trading platform to your preferences by adding or removing things like SMA’s, oscillator indicators, volatility indicators and trend indicators.

The software has been adapted to mobiles too. You can copy, collaborate and trade on the go on iOS and Android devices. With the mobile trading app, you can send broadcasts, recommend certain trades and follow economic data releases. Several other tools are available to CFD traders in the form of an economic calendar, finance news and market quotes. The Social WebTrader platform offers real-time financial news and feeds with authentic traders. Tradeo.com is available to traders in 120 countries. The focus is on contracts for difference (CFDs) on currency pairs. Luckily, the trading platform is all-inclusive and it is available in English, German, Portuguese, Arabic, Spanish, retailing, Russian and French.

Deposit Options

There are a variety of deposit options available at Tradeo. You can safely make deposits into your live trading account with wire transfer and credit card options. This online brokerage doesn’t levy any fees for deposits, but traders are advised to check with their bank or financial institution beforehand. International money transfers can take up to 5 business days to be credited into your account. Some of the payments processing options that you can use to fund your account include TrustPay, Sofort, Wire Transfer, Maestro, MasterCard, Visa Electron, Visa, Skrill, and Neteller. Clients are required to provide Tradeo with identification when opening an account and for deposits and withdrawals.

Markets

The financial instruments available at Tradeo include currencies, commodities, indices and stocks. All in all, there are some 100 assets available to traders.

Currency pairs include the following:
AUD/CAD, AUD/CHF, CAD/JPY, EUR/CAD, EUR/GBP, EUR/USD, NZD/CAD, USD/CHF, USD/ZAR, USD/SEK and EUR/ZAR. On all of these currency pairs, there is a standard leverage of 1:200 with a margin percentage requirement of 0.50%. The standard trading sessions take place between 00:05 on Mondays through 23:59 on Fridays.

Indices
These include the Dow Jones Industrial Average, the S&P 500 index, the CAC 40, the DAX 30 and the FTSE 100 index.

Stocks
A myriad of stocks is available including those listed on Wall Street, European bourses and elsewhere.

Commodities
The commodities of choice include gold, silver and crude oil among others.

Cons

  • Limited information on markets
  • Traders are limited to just one account (no gold, platinum, VIP tiers)
Tradeo Overview
Website: www.tradeo.com
Regulation: CySEC
Assets offered: CFDs, ETFs, Forex (50+)
Minimum Deposit: $250
Deposit Options
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