Techberry Review

 

Every now and then, I stumble upon a forex trading service that stands out from the standard automated robots and manual trading systems that are all too common. TechBerry is one such service; it functions as an automated trading platform that gathers forex statistics from over 100,000 traders worldwide. They refer to themselves as a “Social Trading Analytical Platform,” a term I hadn’t encountered before. The best comparison I can draw is that it resembles a mix of Myfxbook, where traders can share their accounts, and the leading social trading platform, eToro. However, I urge caution if you’re thinking about using TechBerry, and I’ll explain why in this review.

So, what exactly is TechBerry? It’s an automated forex trading platform that relies on extensive trading statistics collected online from a global network of over 100,000 forex traders. While the company makes some daring promises regarding guaranteed returns, I personally wouldn’t take those into account. With my extensive experience in the forex industry, I can say with confidence that trading comes with no guarantees. The one certitude is that nobody can perfectly predict future movements in the forex market, so I advise being wary of anyone claiming specific returns over a set timeframe.

TechBerry asserts that they have partnerships with various forex brokers. I read about a trader who attempted to verify this by contacting one of the brokers, only to find no connection between them and TechBerry. It’s possible they operate as an introducing partner to the broker instead. For companies, TechBerry offers access to real-time trading data, historical trade records, and analytical AI tools to bolster business opportunities. Their main aim seems to be leveraging real-time trading data from a massive pool of traders.

How does TechBerry operate? The platform employs a deep learning algorithm to identify the most advantageous trading opportunities based on the vast data it collects. While I appreciate the amount of data being analyzed for generating TechBerry signals, I believe other established social trading networks, like ZuluTrade, offer greater transparency. Traders can download the TechBerry expert advisor software and install it on popular platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5). TechBerry collects data from trader accounts online to gauge market sentiment and direction. Users can share their trading activity regardless of their performance, but I question whether it’s wise to allow poorly performing traders to publish their data, as this could skew statistics negatively. However, the TechBerry EA might be sophisticated enough to distinguish between effective and ineffective trading strategies, which could enhance data analysis. For example, if the software identifies a poor trade on a specific currency pair, it may recommend the opposite strategy, supported by confirmation from a good trade on the same pair in the opposite direction.

When it comes to TechBerry packages, it’s pleasing to see a decent range of options. I particularly appreciate the 14-day trial period, as it allows potential users to understand how the service works before committing long-term. However, it’s important to note that 14 days is not sufficient to draw definitive conclusions about any trading strategy. The minimum deposit ranges from $500 for traders to $5,000 for individuals, which I find quite steep, especially for an unregulated service. On the brighter side, the annual subscription fees are more reasonable, with the green plan starting at $19 and the infinite plan at $499.

The main differences among the TechBerry packages lie in the service fees. The higher the package tier, the more you can save on these fees. To access real-time trade monitoring, you’ll need at least the silver plan, which I consider essential. If you want a personal account manager, the Gold plan is the minimum requirement.

To view the results, you’ll have to log in to the TechBerry website, but I noticed that the results haven’t been verified by third-party services like Myfxbook or FX Blue. This raises some red flags for me, but I’ll let you decide for yourself. They could significantly enhance their service by allowing all visitors to the website to see the latest verified real account results published by reputable third-party trading websites.

In summary, TechBerry is the first social automated trading platform that analyzes data from over 100,000 trading accounts using its advanced AI to create custom trading strategies. They have a customer support team available to answer queries via live chat, email, and callback forms. While I can see potential here, the bold claims of guaranteed returns are somewhat concerning to me. My lack of confidence in the TechBerry service primarily stems from the absence of verified real account results on their website. In my humble opinion, this should be a crucial factor when selecting any forex signal service. I would eagerly welcome the addition of verified results and would be glad to update this TechBerry review if they decide to implement that. I appreciate their innovative approach in utilizing a vast amount of trader data to signal potential market opportunities. However, I believe there are better options available for those seeking social copy trading solutions. Additionally, I strongly advocate learning to trade manually, as it allows you to develop a personalized forex strategy that aligns with your trading style and objectives.

It’s also worth noting that many critical reviews of TechBerry exist, so proceed with caution and ensure you conduct your own thorough research, as always. From $500, 6.3 Features, 7.0/10 Usability, 7.0/10 Results, 5.0/10.

Pros:

  • Automatic Forex Signals
  • Vast Amount Of Data
  • Traders, Individuals & Companies
  • Various Packages Available
  • 14-day Free Trial
  • Dedicated Support
  • Real-time Statistics

Cons:

  • MetaTrader Platforms Only
  • Need Verified Results
  • Limited User Control
  • $500 Minimum
  • Not Regulated

As a self-proclaimed Forex enthusiast, I spend my time researching and testing everything related to forex. With many years of experience in the industry, I have reviewed thousands of forex robots, brokers, strategies, courses, and more. I share my knowledge freely to help others navigate the complex world of forex trading! Read more about me at https://findnomore.net.

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