Brokereo: reviews of the CFD broker, conditions analysis
Getting to Know the Brokereo Website
The company Brokereo is presented as a new CFD broker providing a safe environment for capital growth. No reviews about it can be found in the Russian internet, but foreign forums are reluctant to comment on it. Let’s explore what the company really represents and whether it is worth getting involved with.
Information about Brokereo
Brokereo offers its website in several languages, but Russian translation is missing, which creates inconvenience for users. They are forced to translate information themselves or use online translators to understand the terms and opportunities of the broker.
The organization does not specify its market presence. Awards on the website are outdated up to 2020, indicating the company’s long existence. Researching the domain history reveals that the site has been in existence since 2018, indicating an established structure. The company has a long string of negative reviews.
Assessment with Scamadviser
- Hidden owner information
- Low Tranco traffic rank
- Hosting in a high-risk country
- Use of anonymous payment systems
This negative assessment is due to the company’s hidden and deceptive practices. Lack of transparency and fake contact details indicate deceiving potential clients.
Legal Information
Brokereo claims to be managed by the company Neo Premium Investments (NPI) Ltd, formerly known as Concorde Investments LTD. Despite references to CySEC registration and license, the name change may suggest issues with regulatory authorities.
It is known that Brokereo’s parent company lost its license, confirmed on independent forums. The rebranding helped the company avoid drastic measures, but it did not change the nature of its activities.
Trading Conditions
Brokereo provides access to over 300 CFDs, promising quality service and education. An outdated MT4 terminal is used, causing dissatisfaction among users and associating with unfair practices.
The opportunity for risk-free training is absent, as opening an account requires an immediate deposit of $250. The platform offers several tariff plans with different conditions, but reviews indicate unfulfilled promises and problems with financial obligations on the broker’s part.
Client Reviews
There are no reviews about Brokereo in the Russian internet yet, but many negative comments can be found on foreign forums:
“Brokereo aims for your money. Not recommended!” – Nathan.
“Brokereo – scammers and fraudsters! Be cautious!” – Ryan.
Final Conclusion
Brokereo is a fraudulent company posing a risk to your investments. Numerous negative reviews and warnings make it unworthy of trust. Stay vigilant and avoid contact with illegitimate market representatives.
I had an extremely disappointing experience with the CFD broker, Brokereo. Their customer service was unsatisfactory, often leaving me on hold for long periods with no resolution. The platform itself is not user-friendly, with a complicated interface and minimal instruction. I found their fees to be exorbitant and the lack of transparency concerning hidden costs was frustrating. Additionally, the execution of trades often lagged, resulting in significant losses. My advice would be to steer clear of Brokereo and seek out a broker that values their clients and provides better service. This company does not deserve even one star.