Tradeo Review: Social Trading

Important Facts 

  • 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. 
Social Trading

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. 

Supported Brokerages 
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. 

Signal Providers/Traders 

There are a wide selection of traders to follow, while the selection isn’t as wide as the likes of ZuluTrade and eToro there is still a huge selection of different traders to pick from. With many traders having a great track history posting returns of 5000%+. The narrower selection traders is something of a downside to Tradeo, and it should be noted that there are a number of traders/signal providers who are operating their Tradeo accounts with the use of a demo account. This being said a diligent individual should be able to find a number of traders who they will have great success following. The search functionality is not quite as good as one would hope it to be, put this doesn’t prevent you from finding good traders to follow.
 
Overall, Tradeo offers a reasonable Social trading experience though I do feel that it will struggle against its bigger rivals such as eToro and ZuluTrade.

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1 comment

  1. 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.

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