Score
Beraring
United Kingdom|2-5 years| http://www.beraringfx.com/en/index.html
Website
Rating Index
Contact
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
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Website
beraringfx.com
Server Location
Singapore
Website Domain Name
beraringfx.com
Server IP
8.219.93.145
Company Summary
| BeraringReview Summary | |
| Founded | 2020 |
| Registered Country/Region | United Kingdom |
| Regulation | Suspicious Clone |
| Market Instruments | Forex, Cryptocurrencies, Metals, Energies, Stocks |
| Demo Account | Not mentioned |
| Leverage | Up to 1:unlimited |
| Spread | Spread starts at 0 pips |
| Trading Platform | MT5 |
| Min Deposit | $10 |
| Customer Service | Phone: +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
| Pros | Cons |
| Support MT5 | No regulation |
| Minimum deposit is $10 | No account information |
Is Beraring Legit?
Beraring is currently not subject to formal regulation and is at risk of suspected cloning.
| Regulatory Country | Regulatory Authority | Regulatory Status | License |
| Australia | ASIC | Revoked |  |
| United Kingdom | FCA | Suspicious Clone |  |
| Cyprus | CYSEC | Suspicious Clone |  |
| South Africa | FSCA | Suspicious Clone |  |
| Seychelles | FSA | Suspicious Clone |  |
| The virgin Islands | FSC | 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 Instruments | Supported |
| 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 Instruments | Equity Range (USD) | Maximum Leverage |
| Forex | 0-999 | 1:Unlimited |
| 0-4,999 | 1:2000 | |
| 5,000-29,999 | 1:1000 | |
| 30,000 or more | 1:500 | |
| Metals | 0-999 | 1:Unlimited |
| 0-4,999 | 1:2000 | |
| 5,000-29,999 | 1:1000 | |
| 30,000 or more | 1:500 |
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 Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Web, Desktop, Mobile | Skilled Traders |
| MT4 | ❌ |
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.
| Options | Min. Deposit | Min. Withdrawal | Speed |
| Bitcoin | $10 | $10 | within 24 hours |
| Bank Card | $1,000 | $100 | within 24 hours |
| USD Coin (USDC ERC20) | $10 | $100 | within 24 hours |
| USD Coin (USDC TRC20) | $10 | $10 | within 24 hours |
| Tether (USDT ERC20) | $10 | $100 | within 24 hours |
| Tether (USDT TRC20) | $10 | $10 | within 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 Options | Details |
| Phone | +85239040997 |
| info@beraringfx.com | |
| Online Chat | ❌ |
| Physical Address | OFFICE 513/F WEALTH COMMERCIAL CENTRE, 48KWONG WA STREET. MONG KOK, KOWLOON.HONG KONG |
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Australia Appointed Representative(AR) Revoked
- High potential risk
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Ar4455
Taiwan
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.
Exposure
2023-12-09
Cendy
New Zealand
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
Positive
07-05
Joshua Moore
New Zealand
Haven't explored the API yet, but for manual trading, Beraring is excellent.
Positive
06-28
huly
United Kingdom
It's been smooth for trading here. The platform's straightforward, but reaching their support team can be a bit of a drag sometimes. Overall, not bad if you're looking for variety and decent trading conditions
Positive
06-21