- Broker Independent supports a range of regulated and unregulated brokerages.
- Tradeo is not regulated by a financial regulatory body itself.
- Commissions for signal providers not stated.
- Number of traders on network: Around 5,000 different traders on the network at the time of writing.
Tradeo is an independent broker meaning that it doesn’t take on it’s on clients trades or give preferential treatment to a particular brokerage. Rather Tradeo earns its revenues by entering into revenue sharing agreements with the brokerages it operates with. Tradeo has a reasonably large user base of traders though it should be made that not all of the registered members are trading on real accounts with a number of the users trading on demo accounts. I would have to say that Tradeo is rather a small social network in comparison to some of the more well known Social networks such as eToro and ZuluTrade.
Tradeo supports a range of brokerages both unregulated and regulated. Some of the better known brokerages supported by the Tradeo platform include FxPro, Alpari, AVA FX, Markets.com, easyforex and FXCM. The range of brokerages supported by Tradeo is pretty impressive and you will certainly find a brokerage which will suit your needs. However, the support for the various brokerages varies quite significantly. For instance Tradeo is very proud of the bridge it has recently put in place with FXCM. But as far as I am aware none of the supported brokerages have the Tradeo platform fully integrated with the social platform. As is the case with AAAFx and ZuluTrade. It should be noted that ForexGlobes plans to provide such an integrated solution with all of its brokerages when it exits it’s beta period. This is somewhat a negative in regards to Tradeo, it should also be noted that all the major brokerages supported by Tradeo are also supported by their rival ZuluTrade. So it seems unclear to me why one would pick Tradeo over ZuluTrade.
I love trading with Tradeo. They are a wonderful broker. It’s a much better social trading platform that it’s rivals. I love the feel of the small community. I’ve also received wonderful customer support.