Tradeo was launched in 2012. It is a type of forex trading platform and social trading network in one. They are also the social trading partner for the MFSA that was regulated as an investment firm. Tradeo is different from the other forex broker in a way that they are among the primary trading platforms that offer a fully integrated trading execution as well as social media functionality in a similar interface. In the past, beforehand Tradeo social networking traders switched and improved their service, they carry along their trades.
The types of accounts
This maybe one of the drawback of Tradeo, the platform doesn’t have much option when it comes to the account kinds with only one kind of live trading account, that is if the standard live account mandates a smallest deposit of $100. Apart from the Tradeo, they also provide the trader the chance to try the demo account, which is somehow crucial when it comes to checking the trading platform. The demo account derives with $50,000 worth of virtual currency for the practice trading activity.
The commissions and the spreads
Tradeo doesn’t hinder its traders when it comes to the use of Hogg Capital Investments Limited as the broker. The Traders have the freedom to pick the broker that they think can be of help to them in terms of using the trading platform. This just goes to show that the cost that you need to spend for is different from a particular broker to another broker and so do with the spreads. On the other hand, for those who will trade straight from the WebTrader platform and with the Hogg Capital Investments Limited, the backend broker spreads will start at 2.2 pips for the Euro and USD pairs.
The Trading Tools & Resources
In Tradeo, the traders can easily trade the CFD’s and so do with Forex. The broker has chosen a list of the assets coming from various parts of the world and some of the most famous instruments that includes some of the primary pairs of currency up to over 66 currency pairs in total and a selection of the CFDs. Tradeo has made a wide spread trading resources to give assistance to the trading activities in the platform that includes educational materials like the trading courses and others.
The Tradeo gives a free demo version wherein the trader can start at a balance of $50,000 and ratification up will be very simple. This is because of google, Twitter as well as Facebook integration. There is no need for any added information as soon as registration has been made, that means that you can get started after just a few seconds.
Starting May of 2014, Tradeo is not using the services of 3rd party brokers, however it is rightfully linked and starting with the live account is just a simple task just like finishing some of the information on your current demo version and then have it uploaded through the website once completed. The smallest deposit amount is just $100 or the equivalent in any of the account supported currencies, but that can only be done through a credit card or bank transfer. One of the best feature of Tradeo is its highly interactive tour of pages if you will visit the site for the first time. It will enable the newbies to get started quickly and easily without the need to hunt around for the settings.