80% of retail investor accounts lose money when trading CFDs with this provider

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Tradeo Review

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Tradeo is a forex and CFD trading broker. They give traders access to major markets like currencies, indices, commodities and shares. For traders interested in cryptocurrencies like Bitcoin, Tradeo is one of the few brokers that also offer cryptocurrency CFDs.

Pros

  • Segregates client funds
  • Established in 2011
  • Regulated by CySEC
  • Min. deposit from $250

Cons

To open a live account, you’ll need a minimum deposit of at least $250. Alternatively, Tradeo offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by CySEC (Licence: 282/15). Tradeo puts all client funds in a segregated bank account and uses tier-1 banks for this. Tradeo has been established since 2011, and have a head office in Cyprus.

Before we dive into some of the more detailed aspects of Tradeo ’s spreads, fees, platforms and trading features, you may want to open Tradeo ’s website in a new tab by clicking the button below in order to see the latest information directly from Tradeo.

Visit Tradeo

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Tradeo screenshot Open a demo account

80% of retail investor accounts lose money when trading CFDs with this provider

What are Tradeo's spreads & fees?

Like most brokers, Tradeo takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum spreads listed on Tradeo’s website. The colour bars show how competitive Tradeo' spreads are in comparison to other popular brokers featured on BrokerNotes.

Tradeo
EUR/USD (Average: 0.7 pips) 2.7 pips 3.0 pips 0.1 pips
GBP/USD (Average: 1.1 pips) 4.0 pips 4.0 pips 0.1 pips
USD/JPY (Average: 1.1 pips) 3.5 pips 2.0 pips 0.1 pips
AUD/USD (Average: 0.8 pips) 3.1 pips 1.0 pips 0.2 pips
USD/CHF (Average: 2.3 pips) 3.7 pips 3.0 pips 0.2 pips
USD/CAD (Average: 2.9 pips) 4.1 pips 3.0 pips 0.3 pips
NZD/USD (Average: 3.6 pips) 4.5 pips 5.0 pips 0.3 pips
EUR/GBP (Average: 2.4 pips) 3.7 pips 4.0 pips 0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, Tradeo’s minimum spread for trading EUR/USD is 2.7 pips - which is relatively high compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Tradeo vs. similar brokers.

See all Spreads

How much does Tradeo charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with Tradeo at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $13.89. Here’s a rough breakdown of the fees and how this compares against XTB & AvaTrade .

Tradeo XTB AvaTrade
Spread from: $ 0.00 $ 2.00 $ 7.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $ 0.00 $ 2.00 $ 7.00
$2 more $7 more
Visit Tradeo Visit XTB Visit AvaTrade

All fees/prices are for informational purposes and are subject to change.

General Fees

  • Tradeo does charge inactivity fees
  • Tradeo withdrawal fees varies on payment method

Commissions

  • Tradeo doesn’t charge commission on CFD shares

What can you trade with Tradeo?

Tradeo offers over 127 different instruments to trade, including over 41 currency pairs. We’ve summarised all of the different types of instruments offered by Tradeo below, along with the instruments offered by XTB and AvaTrade for comparison.

FX / Currencies Tradeo XTB AvaTrade
# of forex pairs offered 41 48 59
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs Tradeo XTB AvaTrade
# of commodities offered 70 21 16
Metals Yes Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Index & Stock CFDs Tradeo XTB AvaTrade
# of Stocks offered 0 1606 99
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See Tradeo's InstrumentsSee XTB's InstrumentsSee AvaTrade's Instruments

What’s the Tradeo trading experience like?

1) Platforms and apps

Tradeo offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. Tradeo also offer their custom Tradeo platform.

Tradeo Screenshot

Tradeo also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See Tradeo 's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Mini account
  • Standard account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

Tradeo allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As Tradeo offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As a market maker, Tradeo may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that Tradeo offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller

3) Client support

Tradeo support a wide range of languages including English, Russian, German, Italian, Spanish, Chinese, Portuguese, and French.

Tradeo has a BrokerNotes A support rating because Tradeo offer over three languages.

4) What you’ll need to open an account with Tradeo

As Tradeo is regulated by CySEC , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Tradeo’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Tradeo you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://tradeo.com/ on 01/10/2019.