Brokereo

Most Transparent Broker

Brokereo

The Winner

About the winner - Brokereo

Concorde Investments (Cyprus) Ltd provided a platform to offer broker services to clients based on its license from the Cyprus Securities and Exchange Commission (CySEC). According to the regulatory body, it is imperative that retail clients on the platform have access to negative balance protection, and also provide segregated trading accounts. Founded in 2013, the company has grown unprecedentedly and has proven its commitment to offering better brokering services to clients.

Users from different parts of the world can access the broker services through its MetaTrader 4 trader platform on both web-based and mobile-based applications. Furthermore, clients are presented with different tools and educational resources that include news articles, videos, tutorials, eBooks, etc. The platform is designed such that users have access to the right information and tools needed to make informed decisions when trading. Since inception, Brokereo has continued to improve and provide better services for clients, and with more than 300 financial CFD frameworks spanning Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. The broker is providing its clients with different options, and also ensuring that their services are delivered seamlessly and professionally, and they also have different deposit/withdrawal options for optimum service delivery.

The Award

Most Transparent Broker 2020

Transparency has always been an issue for a lot of Forex brokers, as well as other web-based transaction platforms, because past experiences have made people more aware, and thus the increase in demand for transparency. Brokereo has seen transparency as an edge it can leverage over competitors in the industry, because clients would always pick a transparent broker that delivers excellent services over a non-transparent broker.

We are well aware of the fact that 2020 has been a trying year for many, and several businesses went down this year, it is worthy of note that some platforms weathered the storm and presented users with seamless and professional services. Brokereo is one of those broker platforms that have maintained their drive to provide users with one of the best and most transparent FX broker services within the industry.

The Justification

Why is Brokereo the “Most Transparent Broker 2020”?

There are different reasons why Brokereo has won the broker transparency award for 2020, and one of the major reasons is the platform’s direct contact to management feature; a feature that allows a client send their messages directly to the upper management, and this is done via a separate contact form. With this feature, clients can send their suggestions or issues they are experiencing directly to the management and anticipate their prompt response.

As mentioned earlier, Brokereo is leveraging transparency to blaze the trail for a more transparent FX brokering system, and one way they have sort to achieve this is by making some documents available for the public to peruse. While it is a legal requirement for these documents to get published, Brokereo ensures there are no delays in publishing publicly, and also takes it notches higher by also providing other documents beyond what the regulations require.

Apart from the high level of transparency and security the platform brings to users, the broker platform also offers users over 300 financial instruments that span different areas of finance including Forex, Indices, Shares, Metals, Commodities, and Cryptocurrencies. Furthermore, Brokereo has made 3 different account types available to users; Platinum, Gold, and Silver accounts, and they come with different benefits and features. For instance the swap discounts on each are different across the accounts, as well as the spread on each of the accounts. Furthermore, there is the availability of Islamic accounts that are swap-free.

The Features

Seamless Account Opening

There are three different accounts; Platinum, Gold, and Silver, and they come with different attributes and benefits. Getting an account is simple and takes place in 5 easy application steps that include Information, Account, Questionnaire, Deposit, and KYC/AML documents for identification.

Multiple Deposit/Withdrawal Options

Brokereo makes deposits and withdrawals flexible for clients by offering different options including credit card, wire transfer, Neteller, Skrill, Webmoney, etc. Transactions can be performed through the client portal area on the platform. Brokereo makes the transactions as simple and easy as possible, and also makes it as transparent as possible.

Web, Desktop, and Mobile Trading Platforms

With the aid of the MetaTrader 4 protocol, users can trade globally, and it does not matter whether it is a beginner trader or professional. The MetaTrader 4 web platform comes with different features to assist traders in making their decisions, and they include 3 different types of charts, more than 20 indicators for technical analysis, and diverse classes of assets.

For those who are always on-the-move and do not want to miss out on the benefits of FX brokering, they are not left out, because they can trade while on-the-go via the MetaTrader 4 mobile app that is available on both iOS and Android mobile devices. Some features to enjoy from the mobile trading platform include; ability to manage accounts efficiently, carrying out technical analysis while on the move, and performing trades across different asset classes.

Commissions

One of the things to enjoy on the Brokereo platform is commission-free trading that it however. However, the swaps and spreads vary according to the type of account used, and also the financial instrument involved in the trade.

Customer Support

Having an efficient and effective customer care is a good way to boost a business’s reputation, and Brokereo has considered that in ensuring that its customer support is prompt in addressing user issues. The customer support is available between 8am to 5pm from Mondays to Fridays, and they can be reached via live chat, telephone, or emails.

Educational Materials

The platform provides a wide collection of educative materials for traders, and these materials come in different formats including news articles, courses, videos, tutorials, and courses.

Brokereo has been reviewed by notable broker review platforms, and the ratings are high. This is indicative of the fact that the broker has performed well, and does deserve the award it has gotten this here.

Brokereo has won the BrokerCheck award “Most Transparent Broker 2020”.

CFD trading is risky. 80% of retail investor accounts lose money when trading CFDs with this provider

Brokereo has won the BrokerCheck award “Most Transparent Broker 2020”. Still missing some info? Then check out our review!

CFD trading is risky. 80% of retail investor accounts lose money when trading CFDs with this provider

We ask you to read our risk notice and disclaimer carefully before making any investment or action. The analyses provided are for information purposes only and cannot replace an individual discussion with a competent person. Liability for direct and indirect consequences of these proposals is therefore excluded. However, the offers that the user finds on the TRADE-REX websites are expressly not directed at persons in countries that prohibit the provision or access to the contents posted therein, in particular not to US persons within the meaning of Regulation S of the US Securities Act of 1933.

There is always a relationship between high returns and high risks. Any type of market or trading speculation that could generate unusually high returns is also exposed to high risk. Only excess funds should be exposed to the risk of trading, and anyone who does not have such funds should not participate in trading leveraged products, futures, CFDs and forex products or the like. Trading foreign exchange and futures or CFDs on margin is associated with an enormous risk of loss and therefore not suitable for every investor! TRADE-REX assumes no responsibility for any losses or profits. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-90% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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