Tradeo Minimum Deposit 2018 – Everything you need to know

by | Oct 3, 2018 | Social Trading Secrets | 0 comments

If you’re just getting started on social trading or are looking to try a new platform, Tradeo is bound to be one of the social trading platforms you’ll consider.

In this article, we’ll focus on the Tradeo minimum deposit, but you can also find our comprehensive Tradeo review compiled after we tried the Tradeo trading experience ourselves.

How Tradeo Minimum Deposits Work

Tradeo works on a flat 250 minimum deposit across all the currencies in which it accepts deposits.

These are USD, EUR, and GBP.

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In absolute terms, the 250 value across these currencies differs substantially. At current exchange rates, you’d pay more for your minimum deposit in GBP than you would if you chose USD.

Thus, if you want to go for the lowest possible minimum deposit, it would simply be a matter of choosing the currency with the lowest value of the three.

You can set up your account in that currency and then allow Tradeo to automatically convert your currency to the one you’re using for your account. The platform will then use going currency conversion rates plus a 0.5% currency conversion fee.

tradeo minimum deposit

$100 Tradeo Minimum Deposits

The Tradeo website is a little ambiguous about the possibility of qualifying for its $100 minimum deposits. Specifically, it says that “particular Tradeo clients” can qualify for this reduced minimum deposit amount.

Once again, we turned to support and received the following reply: “You can sign up to our website, and the account manager will call you and inform if you qualify according to the information you have completed in the questionnaire.”

So, it would seem that Tradeo’s account managers can, under certain circumstances allow a smaller first minimum deposit, and that repeat deposits do qualify for the $100 value.

Anyway, it’s also important to note that starting out with the lowest capital possible will decrease your trading and copy trading options, thus increasing some risks.

Tradeo Payment Methods

Tradeo accepts most major debit and credit cards as well as Neteller, Skrill, and wire transfers. The platform says that it may accept additional payment methods depending on your country of residence.

Given that this spreads the net pretty wide, you should probably talk to your account manager if you don’t see a payment method that suits you. However, it seems a rather unlikely eventuality that you will have any issues with payment methods.

There’s just one caveat. Tradeo does submit to regulation, and that means it can’t accept third-party payments. So, if you want to pay your Tradeo minimum deposit using a friend’s bank account, you won’t be able to go through with the transaction.

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Tradeo Deposits Charges and Fees

Tradeo doesn’t levy any charges from your deposit. However, it’s worth noting that there are charges on withdrawals, and if you let your account go inactive for 90 days, charges are deducted from your Tradeo balance. So, whatever you do, don’t let your Tradeo account snooze with an active balance if you aren’t going to be trading for an extended time.

Since Tradeo acts as a broker, it also takes a small fee from the spread – that’s the difference between your currency buy and sell prices. There’s nothing strange about that, and you get the convenience of being able to sign up to a single platform and start trading rather than finding a broker before you can begin.

Of course, your financial institution may have its own charges that would apply to your Tradeo minimum deposit – that’s par for the course.

For more information and details, you can read the Tradeo FAQ.

Ready to Get Started?

Remember, you can use a demo account to test things out before you start hazarding real money on Tradeo.

If you decide to go ahead and deposit funds, there’s no guarantee that you’ll make a profit, but you will know how to proceed with your Tradeo minimum deposit.

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