Tradeo is an STP broker that offers online trading on over 200 financial instruments across multiple tradable assets, such as CFDs on Forex, Cryptocurrencies, Commodities, Indices and Shares. They provide clients with the powerful MetaTrader 4 trading platforms, along with 24/5 world-class customer support and a good selection of educational materials.
Pros / Cons
- Regulated trading broker
- User-friendly MetaTrader 4 platforms
- Various trading instruments
- Tools academy & economic calendar
- Educational video guides
- Multiple account options
- 24/5 customer support
- Restricted leverage
- No US clients
- MetaTrader 4 platform only
In this detailed Tradeo review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Tradeo is an online trading broker based in Cyprus and South Africa; they operate the straight-through processing (STP) execution model, thus offering quick execution of clients’ trades. The broker provides traders with access to 200+ financial instruments over multiple asset classes, including Forex, Cryptocurrencies, Indices, and Stocks through the popular and versatile MetaTrader 4 trading platforms for desktop, web and mobile devices.
Tradeo provides a good selection of educational materials, as well as a 24/5 knowledgeable customer support team. The minimum required deposit to open an account is 200 EUR/USD/GBP, whilst the spreads are competitive.
Tradeo Global is operated by Tample Capital (Pty) Limited (Registration Number, 2015/2411042/07), an authorized Financial Services Provider that is regulated and licensed by the Financial Sector Conduct Authority (FSCA), with the FSP license number 46452.
Tradeo is operated by UR TRADE FIX Ltd, a Cyprus Investment Firm (CIF) supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 282/15.
The broker states that they keep clients’ funds in segregated accounts. Each account has its own identifying number, and all deposits and withdrawals are conducted in accordance with the latest regulations. In addition, Tradeo maintains strict internal controls to segregate client accounts. The regulation, rules and features may differ according to the Tradeo broker entity that you open a trading account with.
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Tradeo EU provides services to EU countries according to its authorization. Tradeo does not accept clients from Israel, the USA, Iran, and North Korea.
Some Tradeo features and products mentioned within this Tradeo review may not be available to traders from specific countries due to legal restrictions.
MetaTrader 4 (MT4)
MT4 is one of the most popular trading platforms in the market; it was developed in 2005 by the Russian software company, MetaQuotes. The MT4 platform is replete with trading tools to help analyze the financial markets. It provides traders with live price feeds, intuitive technical charts, analytical tools, and up-to-date financial news to ensure that the traders are aware of what is happening in the market at all times.
The MetaTrader 4 trading platform is available as a desktop application for Windows and Mac computers, a WebTrader that runs directly on modern web browsers and operating systems, and mobile trading apps that are compatible with Android and iOS devices. The mobile apps can be downloaded from the relevant app store, and they are useful for traders who wish to manage their accounts and place trades whilst on the go.
The Tradeo mobile app enables traders to monitor their accounts, track the markets, and trade on the go. All you need is an internet connection. It is worth mentioning that the mobile trading app does not have as much functionality and capabilities as the desktop platform.
Tradeo Trading Tools
Tradeo have a very useful trading tools academy which contains position calculators that can help to take some of the stress out of your trading day by providing calculations for Fibonacci Levels, Currency Conversions, Pivot Points, and Stop Loss / Take Profit levels.
Tradeo provides an economic calendar, which is automatically updated to give traders real-time information about events and data, along with their possible effects on the markets.
Tradeo provides clients with a vast array of educational materials to improve their overall trading skills and knowledge. There is also an FAQ section on the broker’s website with answers to clients’ common questions. The educational materials are important to traders of all experience levels, and they include:
Forex & CFD Video Library
This includes a collection of educational videos covering a range of topics, such as technical indicators (Moving Averages, MACD, etc), an introduction to technical analysis and weekly market reviews.
Trading Blog & Market Review
Tradeo have a trading blog that includes some of the latest market news and reviews. It includes detailed articles that cover the global markets. This can help as part of a fundamental analysis.
Tradeo provides clients with access to 200+ instruments. You can trade CFDs on forex, cryptocurrencies, commodities, indices, and stocks. There are several major, minor, and exotic currency pairs for trading. Tradeo offers a wide array of commodity CFDs that can be traded through the MT4 platform, allowing you access to these markets at your convenience no matter where you are in the world.
Commodities offered include Gold, Silver, Platinum, Sugar, Wheat, Corn, Soybeans, Crude Oil (WTI), and Palladium. The broker also offers many types of indices, such as Dow Jones 20, FTSE, NIKKEI-225, IBEX, DAX 30, and CAC40. The stocks offered by the broker include Coca-Cola, Allianz, MACDONALDS, while the cryptocurrencies include Bitcoin, STEEM, Ethereum, and more.
Tradeo Accounts & Fees
Tradeo offers traders a range of different account types to suit their individual trading needs and styles. All account types have variable spreads and allow traders to trade all assets. The account types include:
The broker offers Islamic swap-free accounts upon request, which adhere to Islamic religious principles and comply with Sharia law. Special conditions apply to them: the overnight swap fee, which is usually charged or credited to clients, and which is calculated as the price difference between rollover close and rollover open trades, is not applied to swap-free accounts. This means the client will neither be credited or debited any amount of interest on any open position in their trading account at the closing of each business day (server time 00:00).
Demo accounts that are preloaded with virtual funds are also available; it is a great way to try out the broker’s platforms before opening a real live trading account and to practice your trading strategies.
The broker offers a dedicated support team that is available around-the-clock to assist with any questions or concerns you may have. They can be reached via telephone, email, and online chat.
Tradeo Deposit & Withdrawal
Tradeo accepts the following payment methods for account funding and withdrawals:
- Credit/Debit Card
- Bank Wire Transfer
Depending on your country of residence, additional deposit methods may be available. Tradeo does not accept third party deposits; this is in compliance with its Anti Money Laundering regulations. You can request a withdrawal from ‘My Dashboard Page’. Once your withdrawal request is executed, it usually takes 2 to 5 business days for your withdrawal to be credited to your bank account, credit/debit card, or other preferred withdrawal destination.
There are no fees to deposit with Tradeo or to make internal transfers between accounts. Fees for wire transfers are 30 EUR/USD/GBP up to $10,000 and 0.03% for the amount above $10,000. Accounts that are inactive up to 90 days may be charged a fee of $ 22.00 / € 20.00 / £15.00. All deposits to your trading account with Tradeo are free of charge. Third party payment processors may charge additional fees.
As broker fees can vary and change, there may be additional fees that are not listed in this Tradeo review. It is imperative to ensure that you check and understand all of the latest information before you open a Tradeo broker account for online trading.
Tradeo Account Opening
Opening a trading broker account with Tradeo is simple and easy. Simply click on the ‘Sign Up’ icon at the top right corner of the broker’s website, and the Sign Up form is displayed like this:
Next, fill the form properly and answer the questions accurately. You may need to upload your documents for verification purposes:
- Proof of identity – passport or national identity card. Please note that you must submit a color copy of your valid ID document.
- Proof of address – bank/card statement or utility bill. Please note that this should be a color copy and must have been issued no longer than 6 months ago.
The broker states that you can expect your account to be verified within 2 days from providing your documents. Once your account has been verified, you can make deposits and commence trading when you are ready to do so.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
Tradeo is a regulated online trading broker based in Cyprus and South Africa, offering well over 200 financial instruments across multiple asset classes for trading via the popular MetaTrader 4 platforms on multiple devices.
Tradeo provides a selection of trading tools and educational materials, as well as a 24/5 knowledgeable customer support team. They also offer multiple account types and funding options for traders to choose from. The brokers minimum required deposit to open an account is 200 EUR/USD/GBP whilst demo accounts are available to practice trading online.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.9% 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.