Tradeo -Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

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

Markets Instruments

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.

Minimum Deposit

Tradeo has five different account types including: Standard, Silver, Gold, Platinum, and Diamond accounts. The minimum deposit is $250.

Leverage

The maximum leverage offered by Tradeo is capped at 1:30 as required by CySEC. The Standard account is listed as having leverage of 1:10.

Spreads & Commissions

The firms also states that it doesnt 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

Trading Platform Available

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.

Deposit& Withdrawal

Tradeo 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. 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.

Customer Support

Tradeo claims to have world class customer service available 24/5. E-mail and phone options are available for contact purposes and a basic FAQ section provides a small glimpse into the companys workings.