Tradeberry Spreads, leverage, minimum deposit Revealed

　　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.

　　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.