BerryPax

BerryPax is a retail forex and CFD broker that was founded on 22 October 2025 and is registered in Saint Lucia. The company lists its physical address as the Ground Floor of The Sotheby Building in Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia. According to our records, the broker operates under no known financial regulator, which places it outside the oversight of major regulatory bodies.

The broker's website presents itself as a provider of leveraged trading services, offering forex, commodities, indices, and cryptocurrencies via contract for difference (CFD) products. The platform is web-based, accessible through a client portal, and the broker emphasises user experience and fast execution in its marketing.

FXCanary has cross-checked the broker's registration details against public registers and found that BerryPax does not hold a licence from any recognised financial regulator. The firm is not authorised by the FCA, CySEC, ASIC, or any other major regulatory body. This absence of regulation means traders have no recourse to a formal ombudsman or compensation scheme in the event of a dispute.

The broker's registration in Saint Lucia, a jurisdiction known for light financial oversight, further underscores the need for caution. Our Scam Risk Score for BerryPax stands at 63 out of 100, indicating an elevated risk profile. Traders considering this broker should weigh the lack of regulatory protection against the promised high leverage and low minimum deposit.

BerryPax offers five distinct account types, each with a different minimum deposit and maximum leverage. The BASIC account requires a $250 minimum deposit and provides leverage up to 1:100. The SILVER account requires $10,000 with leverage up to 1:200.

The GOLD account requires $25,000 with leverage up to 1:300. The PLATINUM account requires $100,000 with leverage up to 1:500. The VIP account requires $250,000 with leverage up to 1:1000.

These account tiers cater to traders with varying capital levels, though the higher tiers clearly target affluent or institutional clients. The leverage offered across all accounts is considered very high by industry standards, especially for an unregulated entity. Traders should be aware that high leverage amplifies both potential gains and losses.

According to the broker's website, BerryPax provides trading in forex, commodities, indices, and cryptocurrencies as CFDs. Specific instruments mentioned include major forex pairs like EUR/USD, GBP/USD, and USD/JPY, as well as commodities like crude oil and gold, and various stock indices. The broker also has a page dedicated to popular cryptocurrencies such as Bitcoin and Ethereum.

The trading platform appears to be a proprietary web-based system, accessible through a login portal at webtrader.berrypax.com. No information about downloadable desktop or mobile applications is provided on the site. The broker claims its platform offers fast connectivity and deep liquidity, though independent verification is not possible due to the lack of user reviews.

BerryPax has a standard deposit agreement available on its website, though specific payment methods (e.g., credit cards, bank wires, e-wallets) are not listed on the pages we reviewed. The broker can be contacted via email at [email protected] or by phone at +441241340412. The physical address in Saint Lucia is the only location given.

The FAQ section provides guidance on opening a live account, emphasising the need for accurate personal information. The broker also includes a risk disclosure, which is a standard requirement for any CFD provider. However, without regulatory oversight, the enforceability of any client agreements is uncertain.

Based on the account structures and marketing language, BerryPax appears to target both retail traders with small capital (through the BASIC account) and high-net-worth individuals or professional traders (through the VIP account). The spread improvements at higher tiers suggest the broker aims to attract volume traders.

However, the lack of regulation and the very high leverage offerings may appeal primarily to traders who are willing to take on significant risk or who trade in jurisdictions with less stringent regulatory requirements. Beginners in particular should exercise caution, as the combination of high leverage and regulatory gaps can lead to rapid losses.