CBERRY WT Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-27 18:43

Abstract：CBERRY WT is an unregulated broker registered in the United Kingdom, offering trading in currencies, indices, cryptos and commodities through a web-based platform.

　　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
Customer Support	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	2.7 pips

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.