Tradeo Forex Broker Review

Tradeo Forex Broker Review
Ines Matkovich
Founded in 2012, Tradeo is an outstanding social trading platform as well as an STP broker for forex, cryptocurrencies and CFD trading. Driven by a refreshing pioneering spirit, Tradeo has developed ‘the world’s first true social trading platform’ featuring multiple, powerful social trading tools. We saw that traders at Tradeo can potentially profit from a... Read more
Founded in 2012, Tradeo is an outstanding social trading platform as well as an STP broker for forex, cryptocurrencies and CFD trading. Driven by a refreshing pioneering spirit, Tradeo has developed ‘the world’s first true social trading platform’ featuring multiple, powerful social trading tools. We saw that traders at Tradeo can potentially profit from a radically different approach to financial trading, based on community sentiment. With the user friendly, highly intuitive, Social WebTrader, even the most inexperienced traders can watch and auto-copy successful financial traders all over the globe. What’s more, copy trading activities can be easily managed from desktop and mobile devices. Traditional forex and CFD traders are just as welcome at Tradeo, with full access given to the MetaTrader4, the world’s most popular forex trading platform. Traders using the Social WebTrader and the MT4 platform have access to 200+ financial instruments, including major currency pairs, cryptocurrencies, commodities, stocks and indices. Tradeo is a brand of UR Trade Fix Ltd, a Cyprus investment company licenced and regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 282/15. The company provides services across EU countries in compliance with MiFID regulations and with international anti-money laundering regulations. Tradeo is available in multiple languages including English, French, German, Italian, Spanish, Russian, Portuguese, Chinese, Korean and Arabic.
3.5
  1. Founded in 2012, Tradeo is an outstanding social trading platform as well as an STP broker for forex, cryptocurrencies and CFD trading. Driven by a refreshing pioneering spirit, Tradeo has developed ‘the world’s first true social trading platform’ featuring multiple, powerful social trading tools. We saw that traders at Tradeo can potentially profit from a radically different approach to financial trading, based on community sentiment. With the user friendly, highly intuitive, Social WebTrader, even the most inexperienced traders can watch and auto-copy successful financial traders all over the globe. What’s more, copy trading activities can be easily managed from desktop and mobile devices. Traditional forex and CFD traders are just as welcome at Tradeo, with full access given to the MetaTrader4, the world’s most popular forex trading platform. Traders using the Social WebTrader and the MT4 platform have access to 200+ financial instruments, including major currency pairs, cryptocurrencies, commodities, stocks and indices. Tradeo is a brand of UR Trade Fix Ltd, a Cyprus investment company licenced and regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 282/15. The company provides services across EU countries in compliance with MiFID regulations and with international anti-money laundering regulations. Tradeo is available in multiple languages including English, French, German, Italian, Spanish, Russian, Portuguese, Chinese, Korean and Arabic.

  2. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    Your capital is at risk
  3. Tradeo Special features

    What is Social Trading?

    The concept of social trading is to use the ‘wisdom of the crowd’ to try and ‘beat’ the markets. Tradeo provides a social trading platform where the widely diverse trading community can constantly share trading ideas about potentially profitable investment opportunities. Importantly, the social WebTrader is suitable for all types of traders and everybody decides what trading methods are preferable to them. Novice traders can start out by automatically copying successful traders listed on the platform. Alternatively, they can choose to trade using live streamed signals from traders who share their signals with the trading community. More experienced traders may choose to trade more independently, by observing the way top traders ‘operate’ and mimic their trading strategies. The fact that the Tradeo copy trading platform can be used in demo mode for risk free practice is a big advantage. We always suggest that traders spend some time getting familiar with the platform features and settings before trading with real money.

    Tradeo Trading Account Features

    Tradeo offers a real or demo trading account with access to both the Social WebTrader and the MT4 forex platform. A real, live trading account is activated with a minimum deposit of 250 USD, EUR or GBP. Interestingly, we saw on the FAQs page that some Tradeo clients may be offered an account with a minimum deposit of $100. With a live trading account, traders can choose from more than 200 financial instruments including cryptocurrencies, forex currency pairs, commodities, indices and stocks in major global markets. The maximum leverage available at Tradeo is 200:1 and no trading fees or commissions are charged by Tradeo on either the MT4 or Social WebTrader platforms. All trades are done with Straight Through Processing without a dealing desk. Importantly, Tradeo makes its profits through the spreads between the Buy and Sell prices indicated for each underlying asset on the trading platform.

    Tradeo Account Verification Policy

    It’s important to realise that the live trading account must be verified within 15 days of making the first deposit or the account will be closed, and the initial deposit refunded (losses made in that period are not refunded).  In line with financial industry licensing regulations, Tradeo verifies accounts by asking clients to submit proof of identity by uploading an official ID document such as a passport or driving licence. Additionally, provide a document such as a utility bill (not more than 6 months old), proving the address of the customer. Importantly, account verification protects customers and the trading community from fraud and money-laundering activities.

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  6. Tradeo Trading software

    There are two types of trading platform at Tradeo, the uniquely innovative, Social WebTrader and the MetaTrader4 trading platform. Traders can choose either of the trading platforms to trade 200+ forex and CFD financial instruments in cryptocurrencies, commodities, indices and stocks. Traders can access either trading platform by adjusting the settings in their trading accounts.

    Social WebTrader Features

    The Social WebTrader gives traders access to financial markets and more than 200 financial assets. What makes the Tradeo Social WebTrader so unique, is that traditional trade execution and social trading are integrated onto one platform with a single visual interface. Traders can make manual trades, edit and close trades or simply copy trades of top traders in the Tradeo community. We found the most exciting feature on the Social WebTrader platform is that even inexperienced, novice members of the Tradeo community can immediately begin automatically copy trading on the Social WebTrader. Traders can observe and select other traders with consistent success rates on the platform and copy their complete trading portfolios to their own accounts. A large number of top traders are shown on the platform with personal profiles and trading information, including leverage used and most commonly traded asset. At a glance, copy traders can see the maximum percentage gain made by top traders on the Tradeo platform, their win rate, the estimated risk level from following the trader and the number of people currently following the trader. The intuitive Social WebTrader platform, has several key features including integrated technical indicators, one click trading, social feeds and market sentiment as well as free real time market alerts and free trading signals. Importantly, as traders gain confidence and experience, they can watch the strategies implemented by top traders and replicate them in their own trading accounts.

    Tradeo Mobile Social Webtrader Platform

    The Tradeo social trading platform is accessible at any time on the go, from Android or IOS mobile phones and tablets. Importantly, the mobile platform has all the features of the desktop version, ensuring that copy trading is always flexible and seamless. The free apps are available for download in the Apple App store and in the Google Play Store.

    Tradeo MetaTrader4 Platform

    Traders who prefer to trade on a traditional forex and CFD trading platform can download the Tradeo MetaTrader4 to their desktop or Mac. The MT4 is a reliable and secure trading platform with integrated technical indicators, charts and analytical tools for advanced trading. A big advantage of the MT4 platform is the automated trading feature which functions with the help of automated trading robots also referred to as Expert Advisors.

  7. If you want to trade with an Automated Trading Robot, we recommended using FX Master Bot

  8. Tradeo Support information

    The learning centre at Tradeo features a ‘Training Academy’ with dozens of video tutorials and webinars covering every aspect of copy trading, cryptocurrency trading as well as trading in traditional forex and CFDs. Essentially, traders learn how to pick traders to copy and how to set the Stop Loss and Take Profit on the trading platforms. Conveniently, a video tutorial explaining the installation process of the MT4 platform on desktop computers is also provided. Day to day market news and financial analysis is available under ‘Learn’ on the dashboard along with a list of upcoming webinars.

    Tradeo Customer Service and Support

    Live chat to a help line, is available 24/5 on the Tradeo interface where customers need to give a name and email address to start a conversation. Alternatively, clients can phone a UK number given on the contact page or send an email to the support team. Before, contacting customer support, we suggest that customers consult the FAQs page. We found it very useful, covering an extensive range of topics with conveniently short, straightforward answers.

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  10. Tradeo Payment Methods

    Deposits made by clients to their Tradeo trading accounts are not charged a fee by Tradeo. However, fees may be charged by intermediaries such as banks and payment processors. Withdrawals up to £$€10,000 made to credit cards and bank wire transfers are charged a $£€15 flat fee on each transaction. Withdrawals exceeding £$€10,000 are charged 0.15% of the amount of the transaction. We saw that withdrawals using other payment methods are charged 1% of the amount of the transaction or a minimum fee of £$€15 if the percentage fee would amount to less than £$€15. Notably, a conversion fee of 0.5% is charged on funds deposited in a currency that is not the account holder’s chosen base currency.

  11. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    • Choice of reputable brokers
    • Free forex & crypto signals
    • Advanced trade settings

    Try a simpler
    way of trading
    with FXMasterBot

  12. Your capital is at risk
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