Pros
- Top-Rated Social Trading
- No Commissions
- Leverage your funds up to 1:200
- Dedicated Support
- Tight Spreads
Cons
- Limited Payment Options
- Only One Account Type Available
Tradeo Review
Tradeo is a popular social trading platform. It is owned and operated by a financial company called Hogg Capital Investment Ltd. Tradeo is fully authorized and regulated by the Cyprus Securities & Exchange Commission (CySec) under license number 282/15.
Tradeo was established in 2012 and has become one of the fastest growing trading platforms in the Forex industry. You will find that Tradeo has some innovative features that make it better than the commonly used trading platforms, like Ayondo, ZuluTrade, and eToro.
With Tradeo you can collaborate with an extensive network of traders. There are both beginners and experienced professional traders who use Tradeo. You can see their real-time trading activities in your chart, execute their signals, and chat directly from your platform. If you have found someone good, you can copy their trades.
Tradeable Assets
Stocks (CFDs), Forex (FX), Commodities, and Indices.
Account Types
Tradeo just offers one standard account types, with a required minimum of {currency}100. However, the company does allow its clients to open a demo trading account, which is useful to test various features of their trading platform. The account demo can be opened with a virtual currency of up to {currency}50,000.
Type of Broker
No Dealing Desk. Full STP Model
Platforms
Tradeo has two trading platforms: Tradeo’s proprietary trading platform or MT4.
Tradeo’s proprietary operating platform sets them apart from the rest. Not only can traders mirror-trade by choosing from a large group of expert global traders. However, you also need to learn from the strategy commentary included by the service and set loss limits to protect your risk downside automatically.
Deposit Options
Deposits can be made via credit card, wire transfers, Neteller, and Skrill. There is no maximum deposit.
Withdrawal Methods
To make a withdrawal, traders need to submit copies of various documents like utility bills and/or credit or debit card (partially covered) to verify their identity and physical addresses. The withdrawals are generally processed within one business day. It can take between 3-5 days for the payment to reach the trader’s bank account for international wire transfers.
Customer Support
Traders can contact customer support via telephone, live chat, and email, and feedback can be sent to the client care team in an online message.
The Knowledge Base is a very useful FAQ service that covered all aspects of social trading and about how to set up an account.
Languages
The website is offered in English, Arabic, French, Russian, Spanish, Portuguese, Chinese, and German
Address
333, 28th October Street
Ariadne House, 3106
Limassol, Cyprus.
Ease of Use
Tradeo is very intuitive, clean, and easy to use. However, since it is not a broker, you can’t trade or sell directly through their platform.
Why Trade at Tradeo
The management team at Tradeo has gone to great lengths to provide a social trading platform with plenty unique features and benefits for both new and experienced traders. By picking a few traders to follow, trading becomes almost automatic and with the right choices, hopefully automatically successful.
To see how Tradeo ranks against other industry-leading trading platforms see our comparison charts. Read our expert reviews, see our ratings and compare the best online trading platforms, features, fees, and more.
Risk Warning: Users should be aware that all investment markets carry inherent risks, and past performance does not assure future results. Trading of any kind is a high-risk activity, and you could lose more than you initially deposited. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 73-89% of retail investor accounts lose money when trading CFDs. Please be sure you thoroughly understand the risks involved and do not invest money you cannot afford to lose. Your capital is at risk. Advertiser Disclosure: TopBrokers.Trade is an independent professional comparison site funded by referral fees. The compensation TopBrokers.Trade receives is derived from the companies and advertisements featured on the site. Due to this compensation, we can provide our users with a free comparison tool. Unfortunately we are unable to list every broker or exchange available, however, we do our best to review as many as possible.