CBERRY WT Review

About CBERRY WT

CBERRY WT (operating via domains including cberrywt.com, cberrywtfx.com, cberrywt-fx.com) provides online trading services in forex, commodities, indices, and cryptocurrencies via a web-based platform, offering a demo account with $1 000 000 in virtual funds and spreads such as EUR/USD from approximately 2.1 pips, GBP/USD 2.7 pips, USD/JPY 2.7 pips ().

The firm is not authorised by the UK Financial Conduct Authority (FCA); the FCA issued a public warning that CBERRY WT is operating without permission and advised to avoid dealings with it. The firm lists a UK address (50–60 Station Road, Cambridge, CB1 2JH), but no valid licences or regulation from established authorities (such as FCA, CFTC/NFA, ASIC) are in place. Despite the broker’s claim of US FinCEN registration, this applies only to MSB status (anti-money‑laundering) and does not equate to regulation of forex or CFD services ().

The official website (and associated domains) has been reported as inaccessible or offline. The broker lacks transparency regarding account types, minimum deposits, leverage, commission structures, payment and withdrawal methods, segregation of client funds, protection schemes such as FSCS or compensation coverage, and its trading environment appears to be a clone site with no reliable trading software ().

Pros and cons

Pros

• Offers demo account with $1 000 000 virtual funds ()
• Wide range of instruments: currencies, commodities, indices, cryptocurrencies ()

Cons

• Unauthorised firm per FCA warning; operates without valid regulation ()
• Falsely claims regulatory status (e.g., FinCEN MSB) that does not authorize forex activities ()
• Website inaccessible/offline, raising operational legitimacy concerns ()
• High spreads exceeding typical industry averages (EUR/USD ~2.1 pips, GBP/USD ~2.7 pips) ()
• Lack of transparency on key trading conditions: minimum deposit, leverage, withdrawal processes ()
• Platform appears cloned; absence of reliable trading software ()