Score
CBERRY WT
United Kingdom|1-2 years| https://www.cberrywtfx.com
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
1-2 years Suspicious Regulatory License Self-developed Suspicious Scope of Business High potential riskFormal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
cberrywtfx.com
Server Location
Singapore
Website Domain Name
cberrywtfx.com
Server IP
43.228.124.237
-
cberrywt.com
Server Location
Singapore
Website Domain Name
cberrywt.com
Server IP
43.228.124.237
Company Summary
Note: CBERRY WT' official website - https://www.cberrywtfx.com is currently inaccessible normally.
| CBERRY WT Review Summary | |
| Founded | / |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Currencies, indices, cryptos and commodities |
| Demo Account | ✅($1,000,000 virtual funds) |
| Leverage | / |
| EUR/USD Spread | From 2.1 pips |
| Trading Platform | Web |
| Min Deposit | / |
| Customer Support | Email: info@cberrywt.org |
| Address: 50-60 Station Road, Cambridge, United Kingdom, CB1 2JH | |
CBERRY WT is an unregulated broker registered in the United Kingdom, offering trading in currencies, indices, cryptos and commodities through a web-based platform.
Pros and Cons
| Pros | Cons |
| Many tradable products | Inaccessible website |
| Demo accounts | Newly established |
| Multiple account types | Unregulated |
| FCA warning | |
| Falsely claims registration in the UK | |
| Wide spreads | |
| No reliable trading software | |
| Only accept crypto payments | |
| Only email support |
Is CBERRY WT Legit?
According to FCA, it confirmed that CBERRY WT is not authorised by them. Therefore, it is not a regulated broker. Besides, as of now, their official website is not functional. It is not a legit broker!
What Can I Trade on CBERRY WT?
| Tradable Instruments | Supported |
| Currencies | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Apart from demo accounts with $1,000,000 in virtual funds, CBERRY WT also offers three live account types, including Comprehensive, Finance and Financial STP accounts.
CBERRY WT Fees
It is clear that the spreads for major currency pairs are considerably higher than the industry average of up to 1.5 pips. For example, the spread for EURUSD is 2.1 pips, GBPUSD is 2.7 pips, and USDJPY is also 2.7 pips.
| Currency Pair | Spread |
| EURUSD | 2.1 pips |
| GBPUSD | 2.7 pips |
| USDJPY |
Trading Platform
Upon closer examination of Cberry Wt‘s platform, which is a clone of another website, it is evident that it is a fraudulent operation with no real trading activity. Therefore, traders are strongly advised against depositing any funds with Cberry Wt’s platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-based | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
CBERRY WT offers a notably limited selection of payment methods, confining options solely to cryptocurrencies. Fees vary depending on cryptos. Deposit and withdrawal requests are said to be processed within 24 hours.
Keywords
- 1-2 years
- Suspicious Regulatory License
- Self-developed
- Suspicious Scope of Business
- High potential risk
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