Tradeo is a South African online trading broker that offers over 200 financial instruments across multiple tradable assets, such as forex, cryptocurrencies, indices, and stocks for trading online through the MetaTrader 4 trading platform. They operate the Straight-Through Processing (STP) execution model, thus, ensuring quick execution of clients’ trades.
Tradeo provides a good selection of educational materials, as well as a 24/5 knowledgeable customer support team. The minimum deposit required to open an account is 200 EUR/USD/GBP, while the spreads are competitive.
Tradeo Review Introduction
In this Tradeo review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Tradeo.
Tradeo Platforms & Tools
The broker provides traders with the popular MetaTrader 4 (MT4) trading platform, which is replete with trading tools to help analyze the financial markets. MT4 features live price feeds, intuitive technical charts, analytical tools, and up-to-date financial news. Tradeo provides the MT4 platform in the desktop version for PCs, Web-trading version that runs directly on browsers, and mobile trading apps for Android and iOS devices.
Traders also get access to a range of useful trading tools in addition to those built into the MetaTrader 4 trading platform. These include the Sentiment Tool and Economic Calendar.
Tradeo Research & Education
The broker provides traders with a good selection of educational materials to improve their overall trading skills and knowledge. The educational materials are beneficial to traders of all experience levels, and they include Tradeo Tube, which has a collection of educative videos.
There are also eBooks and a glossary that contains numerous trading terms and their detailed explanations. The broker also organizes webinars, trading courses, and one-on-one training from time to time. There is also a ‘Frequently Asked Questions’ section on the broker’s website.
Tradeo Trading Accounts
Tradeo offers traders a range of different account types to suit their individual trading needs and styles. All account types have variable spreads and allow traders to trade all assets with a range of trading tools and educational materials available to assist them. The account types include:
- Standard Account: This account requires a minimum deposit of $200 and has a leverage of 1:10 with variable spreads.
- Silver Account: The least deposit required to operate this account type is $10,000, whereas the leverage is up to 1:20. Clients get access to trade all assets with variable spreads.
- Gold Account: it has a required minimum deposit of $25,000 and leverage of up to 1:30. Clients get access to trade all assets with variable spreads along with an executive account manager.
- Platinum Account: This requires an opening balance of $50,000. There is leverage of up to 1:40, and it comes with an executive account manager and a selection of educational resources.
- Diamond Account: It is designed for the more advanced traders and requires an initial deposit of $500,000. There’s a leverage of up to 1:40, and the spreads are variable.
The broker also offers the Islamic swap-free accounts upon request, which adhere to Islamic religious principles and Sharia law. Demo accounts are also available for practice purposes.
Tradeo Account Funding
The broker offers the following payment methods as the available account funding and withdrawal options: Credit/Debit Cards, Neteller, Skrill, and Bank Wire Transfer. The broker does not accept third-party deposits in compliance with its Anti-Money Laundering regulations. Additional payment methods may be available to specific countries, while the transaction processing time may vary, depending on the payment method.
Tradeo Customer Service
The broker offers a dedicated customer support team that is available around-the-clock to assist traders with any questions or concerns they may have. They can be reached via telephone, email, and online chat.
Tradeo is the brand name of Tample Capital (Pty) Limited with registration number: 2015/2411042/07. It is an authorized Financial Services Provider that is regulated and licensed by the Financial Sector Conduct Authority (FSCA), with the FSP license number: 46452.
Tradeo is also operated by UR TRADE FIX Ltd, a Cyprus Investment Firm (CIF) that is supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC).
Tradeo Review Summary
Tradeo is a regulated online trading broker that is based in South Africa and offers over 200 trading instruments across multiple asset classes for trading online via the powerful and sophisticated MetaTrader 4 trading platform. They provide a good selection of educational materials, as well as a 24/5 knowledgeable customer support team whilst offering multiple account types for traders to choose from.
It is worth mentioning that some of the trading products and services in this Tradeo review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Tradeo broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.