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Exchange Review

Brokereo

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Exchange Fees

0 USD Withdrawal Fee • Taker Fee • Maker Fee

Deposit Methods

Yes Wire transfer Yes Credit Card


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 85.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The information on this page is for education purposes only and cannot be considered as investment advice. Past performance is not reliable indicator of future results.

Brokereo is a trading platform from Cyprus, operated by the company Neo Premium Investments (NPI) Ltd (previously Concorde Investments (Cyprus) Ltd). It is authorized and regulated by the Cyprus Securities and Exchange Commission (License number 189/13). It has been operating under license since 2013, but their cryptocurrency segment was launched later.

Brokereo Promo Pic

The platform focuses on CFD trading and offers CFDs on a dozen of different cryptocurrencies, including Bitcoin, Litecoin, Ethereum and others. In total, you can trade more than 30 different crypto CFDs at the platform.

Brokereo Crypto Promo Pic

Most crypto traders feel that desktop give the best conditions for their trading. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time. The trading chart will also be easier to display. However, not all crypto investors require desktops for their trading. Some prefer to do their crypto trading via their mobile phone. If you are one of those traders, you’ll be happy to learn that Brokereo’s trading platform is also available as an app for iPhone and Android users.

Brokereo Mobile Support

Why do so many exchanges not allow US citizens to open accounts with them? The answer has only three letters. S, E and C (the Securities Exchange Commission). The reason the SEC is so scary is because the US does not allow foreign companies to solicit US investors, unless those foreign companies are also registered in the US (with the SEC). If foreign companies solicit US investors anyway, the SEC can sue them. There are many examples of when the SEC has sued crypto exchanges, one of which being when they sued EtherDelta for operating an unregistered exchange. Another example was when they sued Bitfinex and claimed that the stablecoin Tether (USDT) was misleading investors. It is very likely that more cases will follow.

Brokereo does not allow US-investors on its exchange.

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. The following is the trading view at Brokereo:

Brokereo Trading View

It is up to you – and only you – to decide if the above trading view is suitable to you. Finally, there are usually many different ways in which you can change the settings to tailor the trading view after your very own preferences.

Brokereo Promo Pic 2

When you trade at a FX/Crypto Broker like Brokereo, you have to pay trading fees. However, the trading fees differ in their structure compared to the trading fees at a centralized crypto exchange for instance. At an FX/Crypto Broker, you need to consider the following fees in your trading: spreads, overnight fees and (possibly) inactivity fees.

Let’s start with explaining what a “spread” is. Spreads are the main fee of any CFD Trading Platform. In essence, it can be compared to trading fees at centralized crypto exchanges. It is the mark-up or mark-down charged by the platform when you purchase a certain crypto CFD. So if the price of the relevant CFD is USD 100, and the spread is 1.00%, the buyer can buy the crypto CFD on the trading platform for USD 101 (or sell it for USD 99). The difference between the sell price and the purchase price (USD 1 in this case), goes to the trading platform. In Forex Trading, the spread is the difference between the bid (sell) price and the ask (buy) price of a currency pair.

We are currently waiting to receive information on Brokereo's spread from Brokereo, and we will update this review as soon as we have received such information.

Brokereo Awards

What is an overnight fee? An overnight is the fee charged by the platform when you hold a position (i.e., a Crypto CFD) overnight. It's as easy as that. Seeing as it is charged every night, it is small, and a trader will of course hope that his position will be successful enough that he won't even notice the overnight fee as the value of his position appreciates.

Unfortunately, as of 22 July 2021, we have not been able to find any information on the overnight fee for crypto CFDs charged by Brokereo. We will follow up with the platform in order to obtain this information as soon as possible

An inactivity fee is a fee that is charged if you have not logger in to your trading account for a certain period of time. Most FX/Crypto Brokers does have one.

Inactive Period Monthly Maintenance Fee

Over 61 Days

An Inactivity Fee of 160 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 61 days of inactivity, retroactive for the whole dormant/inactive period

Over 91 Days

An Inactivity Fee of 120 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 91 days of inactivity

Over 121 Days

An Inactivity Fee of 120 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 121 days of inactivity

Over 151 Days

An Inactivity Fee of 120 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 151 days of inactivity

Over 181 Days

An Inactivity Fee of 200 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 181 days of inactivity

Over 211 Days

An Inactivity Fee of 200 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 211 days of inactivity

Over 241 Days

An Inactivity Fee of 200 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 241 days of inactivity

Over 271 Days

An Inactivity Fee of 500 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 271 days of inactivity

Over 301 Days

An Inactivity Fee of 500 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 301 days of inactivity

Over 331 Days

An Inactivity Fee of 500 EUR or the equivalent amount in the client’s currency as per the exchange rate that day, will be imposed for over 331 days of inactivity

While the inactivity fee is clearly not one of the more important ones, we feel that is worth mentioning seeing as it is a bit consumer-unfriendly in our opinion. But, as mentioned above, most of the FX/Crypto Brokers seem to have it. 

Seeing as you never really hold any cryptocurrency at this platform, but only contracts connected to such cryptocurrencies, there is no real point in stating a BTC-withdrawal fee here and then comparing that to the corresponding BTC-withdrawal fees at other platforms. The only thing you withdraw here is money (fiat currency).

According to information we have received, this particular platform doesn't charge any withdrawal fees at all, which is naturally very competitive.

You can purchase crypto CFDs at this platform through both wire transfer and via credit or debit card (VISA and MasterCard).

Seeing as Brokereo accepts deposits of fiat currency, the exchange qualifies as a so called “entry-level exchange”, at which new crypto investors can take their first steps into the exciting crypto world.

Brokereo Deposit Methods