Who are Tradeo?
Tradeo is a forex broker that has specialised in recent time in being a social trading network for forex traders. They are the social partner of a Malta Financial Service Authority (MFSA). The main difference between Tradeo and other forex brokers is that they are a Straight-Through-Processing (STP) broker: they are one of the first brokers to have fully integrated in their trading platforms the trade execution and the social trading functionality. In their interface you will see that pretty clearly and copying successful traders will be very intuitive. Before the arrival of Tradeo, social networking traders had to switch between the execution screen and the social information screen and that was taking away some precious moments. With Tradeo you have significantly better advantage in that sense.OPEN DEMO ACCOUNT >
Is Tradeo a reliable broker?
Even if social trading has become more and more popular in the forex online trading industry, so far only platforms like eToro were able to offer it. With the arrival of Tradeo now social traders have the opportunity to use an alternative platform but the obvious question is how reliable are Tradeo as a brand? Well the company was founded in 2012 by a Maltese based investment company with the name of Hogg Capital Investments Ltd. The company are fully regulated by the MFSA which is the Malta Financial Service Authority and therefore traders will be protected by the Malta Investor Compensation Scheme Regulations (EU Directive 97/9).
So we can certainly say that Tradeo are operating under regulatory oversight and it is clear to see that some serious investments have been made into the trading platform. We have reviewed many social trading platforms and we can certainly say that no one even come close to the performance of Tradeo’s social WebTrader. As you will see into our trading platform dedicated review just below in this page, they have managed to integrate social feeds together with trade execution on the same interface. This is some sort of game-changer in the social trading world as traders will no longer need to switch between the social feed and the trading screen: in this case they will be able to make faster decisions which are likely to result in better trade outcome. But this is not the only key advantage that Tradeo have bought to the social trading industry: they have added a huge range of social trading tools in their platform which are truly ground breaking. So Tradeo’s main objective in coming into the market was to completely change and improve the way social traders where placing traders in the markets and we can certainly say that they have done that.
Another important aspect that makes a broker reliable is the quality of their customer service: again Tradeo hasn’t disappointed here as clients have access to the support services on a 24/7 basis. This means that regardless what time of the day you need, there will be someone qualified at Tradeo that you can reach via email, live chat or phone. So from our analysis we can say that Tradeo is in line with their corporate mission of revolutionising the social financial trading experience. Their motto in fact is ‘Trade Together. Profit Together’: this is clearly reflected in everything Tradeo does and traders shouldn’t be worried in our opinion about the reliability of Tradeo.
How good are Tradeo’s Trading Platforms?
Tradeo’s trading platforms offering to traders is as follow: they have 2 main platforms, their own Social WebTrader and the famous MetaTrader4 (MT4). Below we have analysed in details both of them.
This is the industry standard trading platform and the reason why Tradeo are offering this is because it is good and also many traders will be already used to their features. MT4 main strengths are their comprehensive charting package and also the high qualitative technical indicators. In addition to that the platform is highly customisable so technical traders can modify the MetaTrader4 to match their trading strategies at the best.
Their proprietary Social WebTrader platform is what differentiate Tradeo from the rest. As we have already said above their platform is the first trading platform able to combine social feeds with trade execution functionality in the same interface. In addition to that there are also lots of different features that took developers at Tradeo nearly 3 years to create. Some of the best tools you will find in Social WebTrader are:
- Chat Functionality
- Copy Trading
- Live streaming of prices
- One click Seamless Trade Collaboration
- One Click Trading
- Real Time Charting
- Real Time Social Feed
- Social Charting
What are the accounts available at Tradeo?
Tradeo does offer the opportunity to open a demo account to anyone that is interested to check out the product and familiarise with the feature without committing any real money just yet. If you are keen to start trading for real than you can get a Mini account with Tradeo or the Standard account which is available with a minimum deposit of £100. The assets available in Tradeo are good as you have access to nearly 100 types of currency pairs and also CFDs to trade with. The leverage ratio is at 200:1.
What are Tradeo’s spread and fees?
Similarly to other brokers Tradeo also take a fee from the spread. They do not charge any other commission on top of that. In the table below we have highlighted Tradeo’s minimum spread for trading EUR/USD and colour coded so that you can see how competitive Tradeo versus the other brokers that we have on TopTradingPlatforms.co.uk.
As you can see Tradeo’s minimum spread for trading EUR/USD is 2.7 pips which is quite high compared with the other brokers we have on our platform.SEE ALL SPREADS >
How is Tradeo’s Customer Support?
One of the strongest pros of Tradeo is their customer support which is available 24/7 during the trading weeks and can be contacted in many different ways through Live Chat, Email or the Telephone. They are also making it easy for their customers as their website is also available in many different languages:
We have also tested the quality of support provided and all the time we were pleased with the response received by the agents who seemed very qualified and able to resolve any matter in very short time and at the first interaction. A positive note also to mention is that we were never subject to any unwanted marketing push.
Tradeo is an innovative and reliable broker that has helped many new online traders that lack in the knowledge to consistently pick out successful traders. With their platform they have revolutionised the social trading industry and have made it a stress free activity: they have tools that have helped in great sense like the one click trading. But Tradeo are not only for beginners: with their wide range of advanced features they are also a perfect fit for experienced traders who might not have the time to monitor the markets for the whole day. With Tradeo it will be very easy for them to rely on others as they can pick and choose the traders they want to follow in the social trading network. The network is definitely growing and it is not surprising as Tradeo are a trusted and innovative broker in the online trading space.
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