TradeBerry.com Is a trading name owned and operated by R Capital Solutions Ltd. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 246/14. All client’s funds of Tradeberry are held segregated from company’s funds in the institutions such as RCB Bank Ltd Cyprus and Astrobank Ltd Cyprus.
Customers can trade over 150 trading assets including more than 30 currency pairs, 10 commodities, 8 indices, and 67 shares. The average spread for the EUR/USD pair is 1.2 pips.
The company announces that it aims to host the most transparent social trading community and has created the right platform for this. It cooperates with the software company Toomit Limited to offer fast price feeds and order execution. The platform WebTrader has advanced copy trading features and you can view analysis published by other traders, create a blog with your audience and share your own analysis. In addition to social trading, you can use advanced charts, a variety of technical indicators, and compare different instruments. Please note that the hedging option is not available at this platform.
There are five types of accounts that differ mainly in the offered services: Standard, Premium, Advanced, Expert and Elite. The services include access to Trading Central research, the possibility to visit the company’s headquarters and to spend a full day with your Client Relationship Manager and the trade.Berry team. Interestingly, the spreads are described as fixed in the Trading account section, but they are listed as variable in the product specifications. The minimum deposit is USD250 and customers can fund their accounts by bank transfer, credit/debit card, Neteller, and Skrill. You will most likely need to call the support department to clarify the initial deposit for each type of account.
The Order Execution Policy document informs that Stop Orders (Buy Stop, Sell Stop, Stop Loss) guarantee execution but do not guarantee the specified price. When triggered, a stop order becomes a market order available for execution at the next available market price. This means that stop loss orders are not guaranteed. It is also written that under certain trading conditions, as under high volatility causing rapid price fluctuations, the company might not be in a position to execute the order placed by the client at the client’s requested price. Under this scenario, the company maintains the right to execute the order at the first available price, a situation which is referred to as slippage.
The Order Execution Policy document also reveals that the company acts as an agent on the client’s behalf. That means the company does not execute the client order as a principal to principal against the client, i.e. the company is not the Execution Venue (as defined in Commission Directive 2006/73/EC implementing MiFID) for the execution of the client’s CFD. Therefore, the company transmits client orders or arranges for their execution with the third-party liquidity providers it is collaborating with. This means trade.Berry uses the Straight Through Processing (STP) model to fulfill customer orders, and there is no conflict of interest as with market makers.
The Terms and Conditions document shows that retail clients are covered by negative balance protection. This means that the client will never owe to the company any amount in excess of the available funds in the account.
In general, trade.Berry is a well-regulated brokerage company that must meet the CySEC requirements. It offers a variety of trading assets and provides negative balance protection. However, the most popular terminals – MetaTrader is not available and you cannot hedge positions with the company’s own platform. The terms of trade are not fully clarified.