According to our team’s research, Tradeo does NOT provide demo accounts. We also found out that they do not rate highly in Google Trends and there is no significant data about them. As an alternative we selected the top brokers that provide a Demo account for free.
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Tradeo Broker Full Review
When the matter comes to online investment solutions, users are enabled to choose between different profit amplifying systems and platforms. Brokers are generally regarded as being more legit and reliable among others. This is why the present review will focus and shine light on a brand new Forex brokerage that has just appeared on the market. It is simply called Tradeo.
When we started researching the circumstances surrounding it, we were able to find out that it is one of the very online broker platforms that are regulated by an official regulatory body. Tradeo operates with the approval of CySEC and the company behind it is called UR TRADE FIX Ltd. Its CIF License Number is 282/15 and the firm’s Registration Number is HE33667. The headquarter’s address is given as 333, 28th October street, Ariadne House, 3106, Limassol, Cyprus.
Tradeo Broker & Social Trading Platform
While investigating this Forex investment broker, we managed to come across a very interesting fact – it does not feature any account types. This has nothing to do with binary options brokerages and is mainly due to the fact that it is both a broker and a social trading platform. So, web-based users should not expect to be entitled to the right to open a Tradeo demo account. Which could be a negative characteristic and repel a lot of novices towards others that operate in the business.
But it could be useful for experienced traders as the social trading platform displays live results and people can learn from each other. However, since the online broker platform is still new on the market – there have not been a lot of users who have signed up with the brokerage. Hence, feedback is scarce and e are unable to get a clear perspective whether the brokerage is legit or scam.
Social trading resembles copy trading in many ways. The only difference is that the latter allows users to directly mimic the actions and operations of more successful investors. In social trading, live results are being displayed and people can choose for themselves whether to follow in their steps or not.
Tradeo Broker Platform Special Features
This online social trading platform does not provide users with the opportunity to learn while they are investing with it. Tradeo Forex broker does not have a virtual Education Center which is not a very good indicator. Even the scam binary options brokerages have one. One of the main reasons for this is that it can attract many inexperienced investors who would like to learn more.
The other is that users like to be pampered. Since Tradeo does also not have any kind of account types – there is almost nothing that will make people sign up. Because the lack of the said also decreases the chances of traders receiving a bonus of some sort. The odds of them getting even a Welcome Bonus are very slim.
Probably the main specific characteristic of this social trading broker platform is the graphic design of the official website and the user-friendly interface that it has. They are actually pretty good.
Tradeo Social Trading Platform – Financial News Center
It is always good to keep users informed about major economic events and how they may have a reflection on the market. Tradeo’s financial news section is not the most extensive one, but all the main events get reported and the featured articles could be considered as being objective. The online Forex investment broker also provides and Economic Calender. Users can view all important upcoming events and be sure to place the right trades on time. They will also receive alerts from time to time, but not always.
Tradeo Investment Platform App
This online broker platform does give traders the opportunity to invest on the go. Its downloadable app is available to everyone, but not quite. Tradeo does not operate on every device. Users have to have a device with an iOS operational system in order to take advantage of the brokerage’s services. Which is not very good because it offers no diversity to the general investment public on the Internet.
Final Thoughts on Tradeo
This online Forex broker platform is quite fresh on the virtual market. Not many users have proceeded to sign up with Tradeo and there are not a lot of commentaries about it, its operational process and whether it works correctly. This is why, for the time being, we are unable to reach an objective and clear verdict whether it is scam or legit. Therefore, we can not recommend it to web-based traders as a safe and secure investment choice. They better opt for a proven to be reliable and legit profit amplifying solution.
After our research we concluded that Tradeo does not provide a demo account.
The lack of practice account and risk free trading makes this broker unsuitable for traders who want to learn how to trade without losing their investment.
I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.