Tradeo Editor’s Verdict

Tradeo is an online Forex and CFD brokerage that we’ve reviewed at length. The Tradeo review found here includes our findings, including the positive and negative aspects of using this brokerage. UR Trade Fix LTD operates Tradeo.com. UR Trade FIX LTD is a Cyprus Investment Firm (CIF) which is supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC). It holds the CIF license number 282/15 and the company registration number is HE336677. 

bage-icon
Overall
star-icon star-icon star-icon star-icon star-icon
Fees
star-icon star-icon star-icon star-icon star-icon
Deposit and withdrawal
star-icon star-icon star-icon star-icon star-icon
Asset selection
star-icon star-icon star-icon star-icon star-icon
Ease of account opening
star-icon star-icon star-icon star-icon star-icon
Regulation and security
star-icon star-icon star-icon star-icon star-icon

Pros
  • Social Trading at Its Best

  • Choice of Platforms

  • Tight Spreads

Cons
  • Only One Account

  • Limited Payment Options

Overview

UR Trade Fix LTD is part a holding group, Tradeo ST PTE LTD which is registered in Singapore with the registration number 201728941H.

HeadquartersCyprus
RegulatedCySEC
Year Established2011
Execution TypeECN/STP
Minimum Deposit$250
Trading Platforms(s)MetaTrader 4, Proprietary platform, Web-based
Signals
US Persons Accepted?
Islamic Account
Segregated Account
Managed Accounts
Institutional Accounts
Support Hours24/5
Customer Supportemail-support
Demo Account

Tradeo.com Homepage

Tradeo Homepage

Regulation and Security

As mentioned earlier in this Tradeo review, this brokerage is regulated by CySEC, one of the most popular European regulatory bodies.

Tradeo Regulation and license

Tradeo's holding company holds CIF license number 282/15 and the company registration number is HE336677.

Tradeo CySec Regulation

Tradeo.com is subject to the rules and regulation of Cyprus as well as the EU. This includes Markets in Financial Instruments Directive (2004/39/EC) or MiFIID. It has been in effect since November of 2007 which was updated in January of 2018 with MiFID II/MiFIR. It also includes the 4th Anti-Money Laundering Directive passed in June of 2015 and UR Trade Fix LTD published the Pillar III Disclosures on their website while also participating in the Investor Compensation Fund (ICF).

From a regulatory point of view, Tradeo.com is in full compliance, which means that this Forex broker is unable to offer the high leverage and attractive bonuses offered by brokers that are regulated in other (non-European) jurisdictions or are not regulated at all. That being said, despite these limitations, Tradeo's traders will enjoy stronger protection than those trading with brokers that have more relaxed (or no) regulation.

The broker also operates a global brand, Global.Tradeo.com, which is regulated by South Africa's Financial Services Provider (FSP).

Tradeo FSP Regulation

Negative Balance Protection

Traders with Tradeo enjoy the peace of mind that comes from knowing their trading is safeguarded by our Negative Balance Protection, protecting their trading accounts from falling into negative territory.

Fees

Commissions/SpreadsSpread
Withdrawal options
  • :
  • Deposit options
  • :
  • Tradeo.com generates the majority of its income from a mark-up on spreads, the difference between bid and ask prices. The broker operates an STP (Straight Through Processing) model which means that orders are send directly to liquidity providers who offer the best price/execution. Unlike market makers, Tradeo.com doesn’t trade against its clients. The firms also states that it doesn’t charge any commissions on trades. Spreads start as low as 0.9 pip and increase depending on the liquidity as well as asset traded. Swap fees are applicable on overnight positions.

    Tradeo Fees

    Fees on deposits from Tradeo.com are waived, but third-party fees are still applicable. Withdrawals face different fees which depend on the amount requested and the method use. They start as low as $/€/£15 for credit card withdrawals and as low as $/€/£30 for bank wires under $/€/£10,000 while withdrawals above $/€/£10,000 are charged at 0.30% of the total amount. Online payment processor fees start at 1% of the total amount with a $/€/£15 minimum. Tradeo.com also charges an inactivity fee if the account was dormant for 90 days in the amount of $22/€20/£15 which is standard in the industry. A 0.5% conversion fee is also charged for transaction different than that from the account base currency.

    Tradeo Fees

    Overall, Tradeo.com's fees are on the high side, but remain firmly within the range of normal for most retail Forex brokers.

    What Can I Trade

    Tradeo gives you the chance to trade on multiple Forex Pairs, CFDs on global Indices, leading Stocks and Indices, as well as the most popular Commodities from several sectors. Tradeo also offers trading on the most popular Cryptocurrencies, including Bitcoin, Ripple, and Ethereum.+

    Account Types

    Tradeo has five different account types including: Standard, Silver, Gold, Platinum, and Diamond accounts. The minimum deposit is $250 and the maximum leverage is 1:30 as required by CySEC. The Standard account is listed as having leverage of 1:10. Swap free Islamic accounts are available upon request.

    Tradeo Account types

    Trading Platforms

    Platform Languages
  • OS Compatibility
      • Mac
      • Windows
      • Linux
      • Web
  • Charting Package
    Scalping
    Hedging
    Mobile Alerts
    E-mail Alerts
    Guaranteed Limit Orders
    Guaranteed Execution
    One-click Execution
    OCO Orders
    Interest on Margin
    Web-based Trading
    Mobile Trading
    MT4
    MT5
    cTrader
    Proprietary Platform
    Automated Trading
    Guaranteed Stop Loss

    At one point, Tradeo was pushing it's Trade Z platform, though upon an update of this Tradeo review, information about that proprietary platform became scarce. The company now pushes the MT4 platform which is the industry standard, as well as being the most popular out-of-the-box trading solution.

    Tradeo Trading platform

    Unique Features

    The most notable feature we found during this Tradeo review is that the Tradeo Z Web Platform comes equipped with a sentiment indicator. Tradeo.com refers to this as the “Wisdom of the Crowd”. This only takes into consideration trades taken in their Tradeo Z Web Platform and should be viewed with a healthy degree of skepticism as far as smart trading decisions are concerned.

    Tradeo wisdom feature

    Trade Calculators

    A unique selection of trade calculators, designed to take the sting out of trading. Need to work out Fibonacci retracements and extensions? Trying to set your take profit levels? Use our trade calculators, and the answers are right there for you!

    Interactive Economic Calendar

    Not all economic calendars are created equal, and the Tradeo calendar is an entirely new take on how to present the events driving the markets. With a brand new visual layout and advanced search filters, you can drill down to the exact events you want to track.

    Research and Education

    Tradeo's education section consists of daily market updates including charts and analysis, and was a welcome, positive finding during our test of the brokerage. The insights were useful and can offer significant support for traders who want to get an expert's opinion about market movements.

    Tradeo Glossary

    A personal account manager is mentioned together with a wealth of educational videos, but little information was available.

    Tradeo Account manager

    Trader Education

    A comprehensive library of video tutorials covering every aspect of trading Forex and CFDs, from the basics to advanced topics like technical analysis and the use of indicators in your trading.

    Customer Support

    Support Hours24/5
    Customer Supportemail-support
    Website Languages
  • While customer support is something most traders usually never require, given the number of red flags with this broker it may become one of the most used features. Those Forex traders willing to take their chances and look beyond all the issues may require sufficient customer service. Tradeo claims to have world class customer service available 24/5, but since not all claims on the website have proved to be accurate, we recommend testing the company’s customer service before depositing, to make sure they’ll offer what you need.

    E-mail and phone options are available for contact purposes and a basic FAQ section provides a small glimpse into the company’s workings.

    Bonuses and Promotions

    Tradeo.com doesn’t offer any bonuses or promotions to traders in keeping with regulatory requirements.

    Opening an Account

    Opening an account is done through an online form as is common practice in today’s marketplace. Tradeo claims it will take less than five minutes to open an account. Given the CySEC regulatory environment under which Tradeo.com operates, AML and KYC requirements should be provided and confirmed before trading commences.

    Tradeo Account Opening page

    Deposits and Withdrawals

    Tradeo.com states that it accepts all major credit and debit cards, wire transfers as well as e-wallets Skrill and Neteller. Depending on location, regional options may be available to traders. Deposit fees are waived which is basic industry practice, but withdrawal fees apply.

    Tradeo deposits and withdrawals

    Tradeo deposits and withdrawals

    Summary

    Tradeo.com is a regulated Forex broker in Cyprus and enjoys the regulatory body of the EU, as well as regulation in South Africa.

    The bright spot with this broker is the range of assets offered. A suitable market research section is also a strength. Traders who are ready to test Tradeo's service can do so with a low minimum deposit and can see for themselves why this brokerage has endured while so many others have folded.

    FAQs

    Where is Tradeo.com based?

    expand.png
    Tradeo.com is headquartered in Limassol, Cyprus.

    How does Tradeo.com make money?

    expand.png
    Tradeo.com makes money from spreads in currency pairs as well as from fees charged relating to withdrawals and inactivity.

    How can I deposit into an Tradeo.com account?

    expand.png
    Tradeo.com offers credit and debit cards, bank wires, Skrill and Neteller.

    What is the minimum lot size at Tradeo.com?

    expand.png
    Tradeo.com has a minimum lot size requirement of 0.01 standard lots for currency pairs while other assets classes start at a minimum lot size of 1.0.

    When does a margin call take place at Tradeo.com?

    expand.png
    Tradeo.com issues a margin call at a 50% Equity-to-Margin ratio as stipulated in the EU and enforced by CySEC.

    Is Tradeo.com regulated?

    expand.png
    Tradeo.com is regulated in the Cyprus Securities and Exchange Commission (CySEC).

    What is the maximum leverage offered by Tradeo.com?

    expand.png
    Tradeo.com offers a maximum leverage of 1:30 in all accounts.

    How do I open an account with Tradeo.com?

    expand.png
    Tradeo.com offers a quick and digitized online application form.

    Does Tradeo.com offer the MetaTrader Trading Platform?

    expand.png
    Tradeo.com offers their own Tradeo Z Web Platform as well as the MT4 trading platform, with a strong emphasis on their Tradeo Z Web Platform.

    About the Author

    DailyForex.com Team
    The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.