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Tradeberry

Cyprus|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.tradeberry.com/

Website

Rating Index

Contact

+357 25 262020
info@tradeberry.com
https://www.tradeberry.com/
Christophides House Office 201, 28 Ayias Zonis Street, Limassol 3027, Cyprus

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+357 25 262020

Broker Information

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Company Name

Tradeberry Ltd

Company Abbreviation

Tradeberry

Platform registered country and region

Cyprus

Company website
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Warning: Low score, please stay away! 3
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 246/14) claimed by this broker is suspected to be clone. Please be aware of the risk!

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Tradeberry · Company Summary

General Information & Regulation

trade.Berry is a trading name owned and operated by R Capital Solutions Ltd, HE 329922, a forex and CFD brokerage firm that is much more concerned on providing social trading services the company is relatively new in the forex industry and is regulated by the regulatory body of Cyprus, Cyprus Securities and Exchange Commission (registration number 246/14). trade.Berry does not provide services to cients from USA, Canada and Belgium.

Market Instruments

Investors can trade currency pair, commodities, indices and stocks with trade.Berry. Tradable assets available on the trade.Berry seems pretty average.

Minimum Deposit

trade.Berry only offers a standard account for all inverstors, with the minimum deposit up to 500 USD, which is a much higher than sector standards. Most brokers just requires $50 to $100 from its clients as a start.

trade.Berry Leverage

Following CySEC's Regulations from December 2016 regarding the provision of CFDs to retail clients with high leverage levels TradeBerry has set the default leverage of all trading instruments to 50:1. Higher leverage is available only upon client's request and at broker's sole discretion. Higher leverage levels indeed may lead to heavy losses in excess of traders' initial investments.

Spreads & Commission

The spread on EURUSD is 1.6 pips, on GBPUSD from 2.0 pips and spread on USDJPY from 2.0 pips, which is slightly higher than the industry standard (usually 1.1 pips to 1.5 pips on EURUSD spread). Wide spread means high transaction fees.

Trading Platforms

trade.Berry provides traders with its web-based proprietary platform that runs on TOOMIT technology and has advanced copy trading options. This may be a bit of a downside for those traders who are used to the MetaTrader 4 with its EAs.

Deposits & Withdrawals

Traders are allowed to deposit money into their trade.Berry account or to withdraw from it via bank transfer and by online funding (credit/debit card and payment service providers). Account base currencies are: EUR, USD, and RON and the minimum deposit is 250 GBP/EUR/USD, 1000 RON.. Keep in mind that Bank Wire Funds sent by wire transfer usually take between 2-7 working days.

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Customer Support

The trade.Berry customer support can be reached through email, telephone as well as some social media platform including instagram, Twitter, Facebook. Unfortunately, live chat communication can not be available on trade.Berry platform.

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FX1341388180
more than one year
I left this broker due to the trading leverage. They said that professional clients can use 400 times leverage after confirmation. But they denied my documents, insisting that I am not a professional trader. **** it!
2023-03-17 17:50
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