Brokereo
Handelsavgift
Insättninsgmetoder
Kryptos (14)
UPDATE 26 January 2023: Brokereo has closed down. Brokereo announced this through the following message on its website:
We would like to inform you that Neo Premium Investments Ltd. (the owner and operator of the domain name Brokereo) has decided to voluntarily renounce its CIF license. This means that the company no longer provides/carries out investment services/activities and/or enters into any business transaction with any person nor does it accept any new clients.
As per the above and in accordance with our Terms & Conditions, the Company would like to inform that all open trades have been closed on 31st of October 2022 and all Neo Premium Investments (NPI) Ltd. Clients’ accounts have also been closed. The Company took all necessary actions to refund all remaining balances to its Clients. Any remaining Clients’ funds that have not been refunded by 26th of January 2023, will be transferred to Investor Compensation Fund of CySEC from where can be claimed.
For any further clarification, please contact us via email at [email protected] In case of any additional questions, queries or complaints, please be reminded that the procedure to be followed can be found in our Terms and Conditions which are available here.
Accordingly, we have marked the platform as "dead" in our Exchange Graveyard.
To find a reliable exchange where you can start an account, just use our Exchange List and we'll help you find the right platform for you.
Brokereo Review
What is Brokereo?
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.
Focus of The Platform
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.
Mobile Support
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.
US-investors
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.
Brokereo Trading View
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:
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 Crypto Fees
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.
Brokereo Crypto Spread
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.
Like most other FX/Crypto Brokers, Brokereo charges different spreads for different CFDs. The spread is variable, meaning that will not necessarily be exactly the same in every trade you make. However, as an indication, the spread for most crypto CFDs on the date of last updating this review (2 August 2021) was 0.10%. It is also this number we have listed as the trading fee in our database.
Brokereo Crypto CFD Overnight Fee
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
Brokereo Crypto CFD Inactivity Fee
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.
Brokereo Crypto Withdrawal Fees
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.
Deposit Methods
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.
