Our Review of Tradeo
Social networking sites are a great way to follow and connect with family, friends, entertainers, and to stay updated on news events. There are also social networking sites for traders who want to connect with other traders so they can gain some insight into the latest trading strategies. Tradeo is one such social networking trading site that brings traders together from around the world and is revolutionizing financial trading.
Tradeo uses the latest social networking and online trading technology to provide its users with a platform to share trading information and follow other traders. Tradeo was created by Forex and social data experts who received financial backing by top venture capital firms. Users have access to market feeds, charts and social platforms that can be used to enhance their trading experience in Forex, stocks, indices and commodities.
There are two types of accounts on Tradeo. The Real Account allows users to trade with their own money while the Demo Account allows users to trade with virtual money so that they can practice trading without the risk of losing any real money.
Commissions and Spreads
Tradeo does not charge commissions, and the spreads are as low as 1.3 pips.
Tradeo uses Meta Trader 4 and Social Web Trader for its trading platforms. There is also a Tradeo App for iOS 7+ devices. Social Web Trader is the most popular platform that traders use.
Deposits and Withdrawals
The minimum deposit is $250. Credit card deposits are capped at $5,000 per deposit and $10,000 per day. All withdrawal requests are processed on the same or following business day and has a flat fee of $20 per withdrawal.
Customer support is available 24 hours a day, and they can be contacted through a live online chat, email or phone call. There is also a link on the Tradeo website that provides information on managing accounts, making trades, Tradeo basics, and other helpful information.
Regulators and Safety
Tradeo is a brand of UR Trade Fix Ltd. (CySec 282/15), a Cyprus Investment Firm (CIF) which provides strict bank-level security and regulations.Tradeo is also licensed and regulated by the Cyprus Securities and Exchange Commission. Tradeo’s partner is regulated by the EU and its license falls under the Prevention of Money Laundering and Funding of Terrorism Regulations. Regulations do not allow Tradeo accounts to be opened in Iran, North Korea or the US.
Tradeo offers a trading leverage of 1:200.
When a client invites friends to sign-up and they fund their accounts with the minimum $250 deposit, the client will get $100 per friend. Each friend will also get a $50 sign-up bonus with their $250 deposit. There's also a free $25 no-deposit welcome bonus open to anyone who verifies their phone number. Tradeo is a great option for beginning traders who are looking for a mentor to guide them through the process. It is also a great option for experienced traders who what to connect with other traders who may have useful or alternative strategies for successful trading, although there are no financial perks that you might find at Ayondo or eToro.. Tradeo can provide traders of all levels a way to develop relationships with other traders around the world so they will never have to trade alone.