Forex Brokers currently supported by Tradeo.
Aug 18, · Tradeo Review Tradeo is a social trading company that operates under the brand name UR Trade Fix, Ltd, a CySEC regulated company with license number / Founded in , Tradeo is an STP broker that offers a host of social features/5. Tradeo is the only cross-broker, cross-platform social trading network connecting traders and brokers worldwide. Launched in April , Tradeo uniquely offers community-sourced, global data feeds and sophisticated trading analytics which combine to enable traders to make decisions based on the community’s wide-ranging insight and experience.
But position sizing was very flexible as long as it was over 1, units. The mobile trading platforms offer similar functionality to the desktop applications. Traders can access trading instruments, complex order types, watchlists and account analytics all from their mobile device.
The mobile platform also includes charts with price overlays, indicators, and flexible display styles. The mobile apps were easy to log in to and had good charting functionality. The choice of technical indicators was limited but those that were available were customizable and easy to apply. Market lists and watchlists were also easy to find and edit, even on a small screen. News feeds and market analysis was launched outside the mobile app in the web-browser.
We found it annoying to move back and forth between the charts and the news in two different apps. Although it was possible to enter advanced order types the process of typing in the prices was cumbersome on a small screen.
The MT4 mobile app was a little better in these respects than the custom mobile app. Customer service was easy to reach and available during almost all market hours. We had trouble getting fast answers via chat, but overall the experience was good.
Traders can access chat support through the custom client application, which is convenient. Phone support during market hours will be the most helpful support tool for most traders. Chat was slow, but a convenient option if you aren't in a rush. The customer service reps were courteous and easy to understand. The research and tools varied quite a bit from one trading platform to the next which could make for a fragmented trading experience if investors wanted to take advantage of all the tools available.
The online webinars discussing the live market were also good. None of the platform offerings we evaluated from Forex. That means investors have a lot of choices and flexibility, which is valuable. The broad spectrum of trading markets available are also attractive and having access to all of them through Forex.
Alternatively, we would have liked to have seen all the available trading markets and advanced order types available in the web trading app. This is useful for traders looking for more advanced charting.
Although there was a lot of functionality in the custom platform some features, like chat support and research, were pulled in from the website, which is not as convenient. The education section on the site is well organized and easy to find but there is no tracking of completed sections and it will be easy for investors to lose track of where they are in the process of learning.
While the education was good, we found most of it to be very basic. Introductory-level education is great for new traders getting started in the market but experienced users won't find much they don't already know. Webinars were good and the fact that they are held during market hours, where live trading is discussed, is a plus.
The articles and videos on Forex markets and on technical and fundamental analysis are good, but the advanced section was a little light. The webinars help fill the potential gap for some traders with more advanced questions. Almost all the education was focused on the Forex markets, so shares and CFD trading education would have to be found elsewhere which could be difficult for some investors.
Costs were average or a little better than the industry depending on the market. The custom research available from Forex. The "Advantage Trader" platform was good and had the most robust order entry and available markets, but we found the charts in the web trading app to be much better. Some investors may need to use more than one platform for their analysis and trading, which is inconvenient.
But this was one of the only real issues we had with the broker. Customer service was good even if chat was a little slow. John has a B. John is the coauthor of three books published by McGraw Hill on investing and portfolio management.
As a co-founder of Learning Markets, LLC, John has developed financial education used by thousands of brokerage clients to become better investors. His firm also develops professional-grade stock screening and analytical tools for individual investors.
John earned his bachelor's degree in accounting and business management at Utah Valley University. Investing is only one tool they use to achieve truly great things in their life. I am passionate about helping investors because their success means more than just a larger account balance.
Investopedia helps you understand complex financial concepts, learn and improve your investing skills, and learn how to manage your money. Custom web and client trading platforms as well as MT4. Good support for understanding the market and trading platforms. Guaranteed stops may be available for a fee on some markets. The spread for the most popular forex pairs and shares were merely average compared to others in the industry.
Despite a large quantity, navigating the educational articles, videos, and webinars will be tricky. Up to GBP 50, Up to GBP 85, What you need to know Account funds are held by Forex. What you need to know Unlike many brokers, Forex. Pros There is plenty of flexibility offered when choosing a trading application. Cons Not all markets were available in each of the platforms. Pros The mobile apps were easy to log in to and had good charting functionality.
Cons News feeds and market analysis was launched outside the mobile app in the web-browser. What you need to know Phone support during market hours will be the most helpful support tool for most traders. The apps provide you admittance to most, but not entirely of the functionality of the WebTrader platform. There is simply one standard type of trading account.
By means of funding the account with a minimum deposit of just dollars, traders can have admittance to nearly kinds of CFDs and currency pairs to trade with. The leverage ratio is limited to A demo account is presented for anybody who is interested to get more familiar with their set up but is not prepared to commit real money just up till now. We previously stated that it provides a free Tradeo demo account for you to attempt trading yourself or lifting other dealers with 50, dollars of virtual money.
Moreover the Tradeo demo account does take into account slippage while you copy other traders providing you a more realistic knowledge for when you would start using real money. Several other copy trading platforms neglect slippage from their demo experience meaning the consequences are often slightly exaggerated.
The stage does not have greatly of a choice in terms of account types with only one kind of live trading account, that is, the standard live account which necessitates a Tradeo minimum deposit of dollars. That Tradeo minimum deposit provides everybody a chance to try the marketplaces. You no longer have to commit dollars and above to start trading. Over again, you can trade in micro lots. Traders can deposit their account through wire transfer or credit card. While funding an account for the 1 st time, there is a lowest deposit amount of dollars.
At Tradeo Traders can withdrawal through wire transfer or credit card. There is no minimum withdrawal amount, nor is there any charge. Withdrawals are complete within business days.
Tradeo is a broker in their own right now; you don't need to open up an account at any of the other companies listed.
Social Web Trader is the greatest popular platform that traders usage. We were pleased to see an offering for bitcoin, but additional cryptocurrencies are not yet traded at the broker.