Tradeo Review March 2014
Tradeo Review: The Face of New-Age Social Trading
In this Tradeo Review and since Social trading has clearly taken the foreign exchange market by storm. Businesses, needless to mention, are clamoring for a space here. Social trading platforms allow traders having varied skills to connect with each other and share trading tips and strategies.
As a novice trader willing to make your mark in the market you can join these platforms, follow successful traders, learn about their trading hacks and take a cue from them while placing your own trades.
Social trading platforms like e-Torro and ZuluTrade give you an opportunity to connect with several thousands of experienced traders. You can choose to follow some of them based on their performance history (needless to mention, beginners prefer traders with greater success records).
You can also copy their trades in your account either automatically or manually (which of course, gives you a chance to be more discreet with your choice). If you don’t want trades to be mirrored automatically, you can settle for alerts when the trader opens new positions.
Tradeo Review: It’s range of benefits explored
Tradeo is one of the new age social trading platforms which seeks to revolutionize the future of Forex to a large extent. At present, it is not as famous as e-Torro or Zulu Trade. However, experts have already started noticing this platform since it gives you a chance to enjoy a pure social trading experience.
There are several social networking tools to be explored and all the social networking and copying trades can be done 100% free of charge. The “purity” of the platform is attributed to the fact that the tools introduced by them ensure interaction beyond performance evaluation.
You have access to accurate market feeds, easily navigable interface and advanced market charts to bolster your investment strategies. Established in the 2012, this platform is tailored to the evolving needs of traders.
There are several brokers you can operate with. The platform is independent of brokers, so you can choose your own broker to play with. The platform however will give you a glimpse of its preferred brokerages including FXCM and Ava Trade. The spreads would be decided by your choice of the broker.
Traders can begin trading with a real account with a deposit as low as $100!
Some of special features offered by Tradeo are:
- Its economic calendar, which helps you sort data in accordance with type of asset
- The free demo account is available for an unlimited time
- There is a wide range of assets to be chosen from including CFDs, forex pairs, indices and commodities etc
The clients are particularly upbeat about its customer support. A casual internet search will help you come across a number of online reviews where clients are raving about their customer support characterized by guidance from professional traders.
Tradeo Review: The risks
Tradeo enables traders to have multiple accounts. This makes it difficult for beginners to break down total performance.
Since the platform is still so young there isn’t a huge range of traders to follow, but there are new traders entering every day helping to increase the choice.
Also the data each trader has will increase as time goes giving you more information to help with selection.
Trading foreign exchange carries a high level of risk, and may not be suitable for all investors. The high degree of leverage available can magnify profits and as well as loses. You can lose more than your initial deposit. Before trading, please carefully consider the risks and inherent costs and seek independent advice as required.