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Beraring -

Score

1.37 /10
Danger

Beraring

United Kingdom

2-5 years

Suspicious Regulatory License

High potential risk

http://www.beraringfx.com/en/index.html

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.93

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Beraring International Co., Ltd

Company Abbreviation

Beraring

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 9
Previous Detection : 2024-11-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The SeychellesFSA regulation (license number: SD025) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Survey

Danger

Beraring

Hong Kong China

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

Maliciously expanding the loss ratio

This value cannot be calculated based on general foreign exchange profit calculations. At 14:00 on December 5th, I placed an order of 30 lots, but the original 20,000 USDT instantly turned into a loss of 20,000 USDT. Later, when I reported to the dealer, I kept pointing out our problems. Their calculation was 152 (currency difference) x 30 (lots). ) It is also impossible to reach this number, and it is speculated that it is a malicious operation. Normal platforms should have measures such as explosion-proof warehouses. My test shows that when the principal is negative, the deposit will be left and the rest will be deducted. However, this transaction kept falling and could not be controlled. Finally, a loss of 20,000 USDT occurred.

Ar4455
2023-12-09 16:29
Beraring · Company summary
BeraringReview Summary
Founded2020
Registered Country/RegionUnited Kingdom
RegulationSuspicious Clone
Market InstrumentsForex, Cryptocurrencies, Metals, Energies, Stocks
Demo AccountNot mentioned
LeverageUp to 1:unlimited
SpreadSpread starts at 0 pips
Trading PlatformMT5
Min Deposit$10
Customer ServicePhone: +85239040997
Email: info@beraringfx.com
Physical Address: OFFICE 513/F WEALTH COMMERCIAL CENTRE, 48KWONG WA STREET. MONG KOK, KOWLOON.HONG KONG

Beraring Information

Founded in 2020, Beraring is a UK-registered broker that offers trading instruments such as Forex, Cryptocurrencies, Metals, Energies, Stocks, etc., allowing traders to trade using MT5. It is currently under abnormal supervision - suspected cloning.

Pros and Cons

ProsCons
Support MT5No regulation
Minimum deposit is $10No account information

Is Beraring Legit?

Beraring is currently not subject to formal regulation and is at risk of suspected cloning.

Regulatory CountryRegulatory AuthorityRegulatory StatusLicense
AustraliaASICRevoked
Revoked
United KingdomFCASuspicious Clone
Suspicious Clone
CyprusCYSECSuspicious Clone
Suspicious Clone
South AfricaFSCASuspicious Clone
Suspicious Clone
SeychellesFSASuspicious Clone
Suspicious Clone
The virgin IslandsFSCSuspicious Clone
Suspicious Clone

What Can I Trade on Beraring?

The trading assets offered by BRl include Forex, cryptocurrencies such as Bitcoin, Ethereum, Ripple, Cardano and Solana. Stocks of global companies are also available to investors, and metals such as gold and silver, as well as energy sources such as oil and gas, are traded.

Tradable InstrumentsSupported
Forex✔
Cryptocurrencies✔
Metals✔
Energies✔
Stocks✔
Indices❌
Stocks❌
Bonds❌
ETF❌

Leverage

For Forex and Metals, Beraring offers different leverage depending on the range of equity, up to 1: unlimited.

Trading InstrumentsEquity Range (USD)Maximum Leverage
Forex0-9991:Unlimited
0-4,9991:2000
5,000-29,9991:1000
30,000 or more1:500
Metals0-9991:Unlimited
0-4,9991:2000
5,000-29,9991:1000
30,000 or more1:500

Beraring Fees

Beraring's spread for currency starts at 0 pips. Also, in terms of stock trading, investors can benefit from a spread starting at 0.1pips, with no overnight fee.

Trading Platform

Beraring enables traders to use the MT5 platform, which is available on the web, desktop and mobile.

Trading PlatformSupportedAvailable DevicesSuitable for
MT5✔Web, Desktop, MobileSkilled Traders
MT4❌
Trading Platform

Deposit and Withdrawal

Payment methods offered by BRl include Bitcoin, Bank Card, USD Coin, and Tether. In this case, the minimum deposit requirement is basically $10.

OptionsMin. DepositMin. WithdrawalSpeed
Bitcoin$10$10within 24 hours
Bank Card$1,000$100within 24 hours
USD Coin (USDC ERC20)$10$100within 24 hours
USD Coin (USDC TRC20)$10$10within 24 hours
Tether (USDT ERC20)$10$100within 24 hours
Tether (USDT TRC20)$10$10within 24 hours

Customer Service

Traders can access customer service through Beraring's telephone, email and physical address. Unfortunately, this brokerage does not provide online chat services.

Contact OptionsDetails
Phone+85239040997
Emailinfo@beraringfx.com
Online Chat❌
Physical AddressOFFICE 513/F WEALTH COMMERCIAL CENTRE, 48KWONG WA STREET. MONG KOK, KOWLOON.HONG KONG

User Reviews

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User comment

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Comments

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Cendy
more than one year
Fast withdrawals, fast deposit, multiple deposit options including crypto. only problem is most of the time during news release, due to price volatility orders are not filled promptly, other than that, every thing is perfect. very low commission on xauusd and currency pairs, however, i feel commission is slightly higher on indice
Fast withdrawals, fast deposit, multiple deposit options including crypto. only problem is most of the time during news release, due to price volatility orders are not filled promptly, other than that, every thing is perfect. very low commission on xauusd and currency pairs, however, i feel commission is slightly higher on indice
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2024-07-05 12:15
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Joshua Moore
more than one year
Haven't explored the API yet, but for manual trading, Beraring is excellent.
Haven't explored the API yet, but for manual trading, Beraring is excellent.
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2024-06-28 13:46
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