Tradeo was established in 2012 in Malta. This came after three years of cooperation in innovation from social marketers, experienced traders and other experts. The firm seeks to succeed where most other brokers have failed at. Most of the forex brokers fail because they employ ‘Jack of all trade’ attitude where they want to satisfy all the customers’ needs; this makes most brokers to lose focus and that’s why tradeo.com has come up with a single area focus thereby delivering beyond the industry’s target. The firm is regulated and licensed by Malta Financial Service Authority (MFSA). Just like many other forex brokers in the continent, only non-US are permitted to trade.
Why is it necessary to trade with Tradeo?
The firm provides two trading platforms which give traders opportunity to select whether to use MT4 or Proprietary trading platform. The spreads for major currency pairs are high as they’re always 2.5 pips. In addition, the firm has complied with MFSA regulations which boost traders’ confidence. There’s further security on the platform where encryption techniques have been employed to protect traders from cyber crime and related fears. Furthermore, which trader can resist a broker with a provision where you can learn about every mirrored trade? No commissions are charged for forex trading.
Deposits and Withdrawals
The firm follows the strict international regulation of ensuring that its clients submitted ID details during registration. Deposits are mainly done through popular credit cards and bank wires. It’s a tradition that files be updated regularly at the front to help in solving issues of deposit and withdrawals that might arise later. The minimum deposit is $100.
The firm operates on two main platforms; the most used one is the proprietary platform but MT4 lovers should have nothing to fear as nothing is changed for them. The Tradeo proprietary trading platform is a social trading platform with backing from capital markets. The platform provides correct news feed, advanced charting and other features that are user-friendly. As evidence of this success, a cursory review of other review sites shows incessant compliments cutting across the board. Traders can mirror-trade by taking a look what the markets’ finest do and traders can equally set stop loss limit that can automatically protect them whenever market upsets.
Leverage and Spreads
There is wide range asset choices to pick from (nearly 100). They include; forex pairs, stocks, commodities, and indices. Commissions aren’t charged for forex trading that mostly has a spread of 2.5 pips. Leverage is limited to 200:1; this is because of the firm’s strict adherence to STP processing protocol that eliminates the existence of dealing desks.
Beginner’s and customer support
The work of customers has been highly reduced with Tradeo’s easy to use website that even has an economic calendar which helps traders pick what suits them. The account comes with a demo account that has no time expiry. You can reach the support staff through live chats, email or direct phone calls.