Score

1.42 /10
Danger

Berthar

United States

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.28

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
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Berthar · Company summary

General Information

Berthar Holding Limited was incorporated on 28-OCT-2019 as a Private company limited by shares registered in Hong Kong. Berthar advertises that it offers rich financial instruments, low spreads as well as advanced platform. However, Berthar is not subject to any regulation.

Markets Instruments

Tradable instruments available on the Berthar platform include forex currency pairs, precious metals, indices, options and energy.

Minimum Deposit

The minimum initial deposit required by Berthar is as low as $100, which is quite low.

Demo Accounts

Berthar has free forex demo trading accounts with $10,000 in virtual trading funds. These accounts can be a good way to familiarise yourself with the trading platforms and also to practice your trading strategies.

Leverage

Berthars trading platform offers the leverage up to 1:100. Some people may think it is a little conservative, inexperienced traders are not advised to use high trading leverage.

Micro Trade Size

The minimum trade size allowed by Berhar is 0.05 lot.

Spreads & Commissions

Berthar has fixed spreads from 1 pip for major FX currency pairs and charges no commission. This does mean that spreads are marked up and likely to be higher than they would be at an ECN broker the majority of the time. Although the spreads are fixed, during low-liquidity period (Example: News releases, Major economic events, Asia Session, etc), slippage may occur.

Trading Platform Available

Berthar offer trading anywhere anytime with the popular MetaTrader platforms-MT5, available for desktop, web and mobile devices (iOS & Android).

Deposit& Withdrawal

The minimum deposit is CNY 600. Berthar support some online payment processors, but not credit card. Withdrawal amount under 50 USD , $3 will be deducted from total amount.

Customer Support

Berthar provides customer support via online chat, telephone and email: support@berthar.com.

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