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Tradeo group includes 2 related companies.
Tradeo CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
Tradeo BZ - located in Belize, regulated by the International Financial Services Commission of Belize (IFSC).
Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
Tradeo group accepts clients from all over the world, excluding USA and Canada.
Forex broker offers the following underlying assets for trading.
| 40+ Currency Pairs | Based on major and minor world currencies. |
| 6 Crypto CFDs | Based on Bitcoin, Ethereum, Ripple, Dash, Litecoin. |
| 10 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 4 Metal CFDs | Based on Gold, Silver, Platinum and Palladium. |
| 2 Energy CFDs | Based on Crude Oil (WTI, Brent). |
| 65+ Stock CFDs | Based on shares of US, UK and EU companies. |
Tradeo is a new forex and CFD broker that opened in 2017, operated by the Limassol, Cyprus-based company Adelane Trading Ltd. Similar to many other new brokers, it brands itself with the “social trading” experience, which allows new traders to follow and copy the trades of other more experienced traders.
Being registered in Cyprus means that the broker is overseen by CySEC, which is generally considered a reliable regulator in the world of finance. In addition to its Cyprus entity, the broker is locally registered and regulated in Belize under the name Delwyn Trading Ltd. All other details on the broker’s regulatory status can be found on its website.
The most obvious problem with a new social trading broker like Tradeo is that the community of traders that share their portfolios is still relatively small compared to other and more established brokers. As such, a user may find it difficult to find other traders with the right rate of return and risk:reward profile to copy.
It is easy to sign up and get started trading with Tradeo, and the sign-up process can even be completed with an existing Google or Facebook account. Still, the minimum deposit required is fairly high compared with other brokers at USD 250, or the equivalent in other currencies.
The leverage offered on the platform generally follows standard guidelines, with up to 1:200 leverage on the most common trading instruments. For EU-based traders, however, leverage is capped at 1:30 to stay compliant with new EU regulations. Tradeo cater to traders from all countries except the USA and Canada, and its website is offered in 10 different languages.
Tradeo offers its traders two trading platforms to choose from; the well-known MetaTrader 4 (MT4) and its own “Social Web Trader,” designed to make the process of social copy trading simple and accessible for everyone.
Trading instruments offered by Tradeo ranges from all popular FX pairs, to CFDs on six cryptocurrency pairs, a long range of stocks, the most popular commodities, and major stock indices. Live and dynamic spreads for all trading assets are available under each asset category on the website.
Tradeo is certainly not among the cheapest brokers available, and may therefore not be the right choice for daytraders, scalpers, or others who buy and sell assets often. However, it is designed with simplicity and a social trading experience in mind, and may therefore be a good choice for new traders who want to dip their toe into copy trading, while learning about the forex and CFD universe with a more intuitive trading platform than MetaTrader 4.
All trading fees are made available in the “Admin fees” section of Tradeo’s website. Worth noting, however, is that the broker charges a fee of USD/EUR/GBP 30 for withdrawals via bank wire transfer, as well as a 0.5% currency conversion fee for deposits made in currencies other than the account’s base currency.
Another thing that may make it worthwhile for beginners to trade with this broker is the very large selection of webinars and educational materials on all things related to forex and trading. The broker records a “Weekly Brief” webinar every week that traders can register for, and also hosts a range of webinar on other topics such as algorithmic trading (“expert advisors”) and technical analysis principles.
Lastly, Tradeo customer support is available through live chat, email and a UK phone number. The broker does not provide information on when support is available.
Avoid this broker as they are a scam and will loose your funds in the long term. While they may make you money at the start, in the long term you will loose your money with them. The account managers i had were about 25 years old and had very little experience. They put me into trades with crude oil and lost nearly everything. Then they could not be contacted. They make money, it seems, when you loose money. Their platform is fake as it was difficult to close positions and positions were lost. Customer service is very poor. If i could give them 0, i would.
