As the global economy progresses, forex markets are also picking up the pace.
Almost every year, we see new exchanges propping up, while bidding farewell to a few unfortunate ones. In this environment of entry and exit, a few foreign trading exchanges have not only survived, but also thrived in all the tests of time. One such forex trading platform is TechBerry, for it has been around since 2015.
Having become one of the renowned names in forex markets, it has boasted of an average monthly profit of 11%. In fact, it advertises itself as a platform of guaranteed profits. I know, it sounds very tempting for those who are too busy to analyze trades, or those looking to earn a steady passive income.
For such investors, TechBerry is certainly something you would not want to miss! In this detailed review, we explore the TechBerry Platform. Let’s start!
For beginners, TechBerry is a forex trading platform. Its owner is a reputable company of the same name. Their offices are located in three regions, namely Australia, UAE, and Germany. Moreover, it has plans to develop its offices in California, USA. This diversity of offices serves as proof of TechBerry’s potential to attract investors from all over the world. Therefore, we are sure that its popularity is well-deserved.
From the information that we have gathered, TechBerry’s user experience has been quite decent. Anything from its registration process to withdrawing can seamlessly be done without any user-interface-related worries.
Plus, due to the automation part of the trading (which we will discuss later), you don’t need to keep an eye on trading charts and check the market 24/7. So getting a knack of things on TechBerry will not require too much of your time.
We have barely scratched the surface. On diving deeper, you will come to know that it makes use of social trading, also called social forex. Yes, this is where you have access to live information on a variety of trading markets. It runs on a vast database of traders by following an AI-powered algorithm to signal trades. This combination of AI and social trading is what makes it unique from other forex trading platforms.
If it has an AI-powered algorithm to hand-pick your trades for you, what is there to lose? In fact, why is not everyone running after this gold mine of sorts? All traders want to protect their investments, irrespective of their years of experience in forex trading. To learn more, let’s talk about how the platform works.
Now that we have some idea of what TechBerry is, let’s see the mechanism running behind it.
The mechanism behind TechBerry’s operations is what makes it unique. It uses artificial intelligence to analyze data, which helps to develop the best trading strategies and generate forex signals. The owners of this platform claim a performance of 11.2%, which is relatively higher than its competitors like eToro.
If you have an account on TechBerry and have sufficient funds as an investment, all you have to do is sit back and watch, the platform will handle the rest. By following the pattern of more than a hundred thousand forex trades taking place globally, your account on TechBerry will automatically decide whether to hold, sell, or buy a particular currency.
To become an automated trader, there are some steps additional to creating an account. As an automated trader, you will have to download its expert advisory software on your system and upload it on industry standard MetaTrader 4 or MetaTrader 5 platforms.
MetaTrader is an electronic platform employed by forex traders. The EA software is integrated into the platform so that your trading activity is uploaded automatically. TechBerry will collect your account data and use it to gain insights into market sentiments.
Although the concept of social trading is not entirely new, what differentiates TechBerry from other social trading platforms is its automation. It allows newbies and experienced yet busy investors alike, to trade in forex markets without actively participating in it. Their investment decisions will be based on an analysis of other active investors who have strong track records. That way, your chances of making a loss are reduced, but not eliminated.
As much as it sounds promising to trade on AI-generated algorithms, you may not want to know this, but let me break this down to you: you can still make losses. As every investor will know, financial markets are ruthless; they won’t guarantee you anything. Nobody can predict 100% what will happen in the forex market. So new investors and experienced ones, beware. As with any other trading platform or exchange, it is still possible to make a loss.
Having said that, rest assured if you are looking for passive income opportunities or are a novice who needs guidance: this automated platform is for you.
TechBerry takes the security of its users and their assets very seriously. Cases of its customers complaining about the security conditions are not heard of. Rest assured, scammers are banned from using this platform forever, so investors’ funds are protected. Not only that, but the platform also has a strong reputation with various online forex audit sites that are well-known, such as FxBlue, MyfxBook, and FxAudit.
Other than that, this platform has all the necessary security measures in place that are employed by any other platform in the industry. It not only has 2-factor authentication for its accounts, but it also has its own KYC (Know-Your-Customer) requirements. Given all of this information, it is a relief to know that such an extensive forex trading platform is secure and legitimate.
Unfortunately, many fake servers with the same name abound. on the web. It is crucial to choose the official website of this platform to avoid risks of cyber-attacks.
Prices of different account types vary at TechBerry. Other than that, the fees for other subscription accounts vary from $20 to $500. Of course, the higher the tier, the more benefits and privileges you will have on this platform. The costliest tier allows you to replenish up to $500,000 on your account. It will give the right to receive a 100% refund of trading losses. This cost may be too much, but the benefit of it may or may not be worth it. For example, if your trading losses are higher than the cost you have paid, you may not be eligible to get refunds in excess of that amount. Therefore, it is best to see their websites and read their terms of service for each type of account carefully.
TechBerry allows its users to pick one of six account types. All these accounts vary in terms of the amount of minimum deposit allowed, subscription cost, trading loss reimbursement level, and the percentage of commission charged for using trading signals. After analyzing each account type, we can say that this platform has a dedicated account type depending on the years of experience of the user.
The main types of packages or subscriptions are:
If you are having a hard time deciding which one will work best for you, do not worry. TechBerry’s Trial account has got you covered. In this trial facility, you get a 14-day period of free trading. I know, it may be less for some beginners, and it is conventional for online platforms to offer at least a month of trial service. But forex traders having even a year’s experience would tell you that 14 days is fairly enough to assess your requirements.
Investing can be an effective way to get your funds to work in your favor. Through the potential accumulation of profits, you can even improve your financial position by increasing sources of income.
You see, simply holding funds and opening a savings account is a traditional form of saving. It also tends to be more on the safe side, but saving accounts do not raise your investments as much as other investment manners do.
Signing up on TechBerry is easy. It can be done on a mobile application or desktop, whichever you prefer. To sign up, follow these steps:
You should have successfully registered your account on TechBerry.
TechBerry also comes with an FAQ section and a news page, so before you contact their support team, you might want to go through their FAQ to see if your query has been addressed already or not. Visit their website to see their most frequently asked questions. We have also mentioned the most popular of them below.
TechBerry takes the security of its users very seriously. That is why it has employed 2FA and KYC for legitimate users and penalties for scammers.
TechBerry has made the integration of AI its unique selling point. Not only that, it also protects its users from losses, depending on the type of subscription they have. Other social trading platforms like ZuluTrade and eToro allow you to copy trades with other varying features. It finally comes down to you as an investor to decide which platform to choose.
Some of the pros are as follows:
● Automated trading signals
● Free trial for 14-days
● Customer support
Some of the downsides are as follows:
● Only MetaTrader platforms are supported.
● The minimum amount to invest should be $500.
● May not be regulated in certain jurisdictions.
There is a news page on its website. It posts the latest updates regarding the platform, eg., the release of a new feature. Keep yourself updated by checking its news and announcements section regularly.
TechBerry is one of the most popular platforms in the social trading marketplace. It has set itself apart by providing an automated experience for its users, i.e., they only need to invest with no further input of their own. TechBerry will handle all the trading for them, taking into account the abundance of trading strategies collected from thousands of experienced traders. AI has empowered this platform like nothing else. With moderate prudence, this platform certainly has some potential over other similar forex trading platforms.