Blueberry Markets Review (2023)

Country
Australia
Founded
2016
Leverage
1:30
Min Deposit
100.00
Platform
MT4, MT5
Website
-

 

What is Blueberry Markets?

Blueberry Markets is an Australian broker, also a trading name used by a quite popular larger broker EightCap that offers transparent pricing and allows to benefit from industry-leading technology solutions through the best liquidity providers.

The broker has been operating for over a decade and since then has gained a great reputation among traders and the industry itself. Blueberry Markets do provide not only tight spreads and light-speed execution but also tailored its solution towards ambitious traders that strive to become good players in a long-term game.

Blueberry Markets Pros and Cons

Blueberry Markets is a reputable, well-regulated broker with easy account opening, quality trading conditions, an ECN trading environment, and good education.

On the other hand, Blueberry has limited portfolio for trading instruments.

Blueberry Markets Web

10 Points Summary

🏢 HeadquartersAustralia
🗺️ RegulationASIC, SCB
🖥 PlatformsMT4, MT5
📉 InstrumentsMajor and minor currency pairs, oil, gold, silver and global indices
💰 EUR/USD Spread1 pips
🎮 Demo AccountYes
💳 Minimum deposit100$
💰 Base currenciesVarious currencies supported
📚 EducationEducation not available, only research tools
☎ Customer Support24/7

 

Awards

Blueberry Markets have also garnered collective recognition from award-giving bodies in the industry:

  • Australasian Startup Awards 2018 – Best Bootstrapped Startup nominee
  • Finder Innovation Awards 2020 – Best Online Customer Service finalist

 

Is Blueberry Markets safe or a scam

No, Blueberry Markets is not a scam. Blueberry Markets is a trading name used by EightCap respectively regulated by the Australian ASIC, which is also a broker Blueberry Markets, therefore group operates a safe trading environment with low-risk Forex and CFD trading.

Is Blueberry Markets legit?

In simple words, ASIC is a license received in Australia thus Blueberry Markets is a fully legit and regulated broker that also means trustable broker, as authority constantly oversees firms activity and trading service they provide, in reverse guaranteeing your safe investment. Australian Securities and Investments Commission (‘ASIC’), is also a recognized world authority that regulates Forex and the trading industry and is a custom-oriented regulator.

Therefore, Blueberry Markets and its EightCap company meet the highest standard of governance, financial reporting, and disclosure. All retail client funds are kept separately from business funds in segregated bank accounts while the broker also undertakes additional protection by the professional indemnity insurance policy.

Blueberry Markets ASIC

Leverage

One of the great features of Forex trading and a part of Blueberry Markets Review and check it is an allowance to use leverage, which may increase your potential gains timely.

As regularly leverage ratios fall under regulatory restrictions, Blueberry Markets being an Australian brokerage still allows high leverage ratios up to

  • maximum leverage 1:500 for Forex instruments
  • default leverage 1:30 for AU resident clients

This all in all brings vast opportunities specifically for retail traders, as your trading size may magnificently enlarge. Nevertheless, always learn deeply about how to use maximum leverage smartly as “unhealthy” use may increase your risk dramatically and demands some higher margins as well.
 

Account types

Blueberry Markets designed two account types in order to bring better opportunities for traders that would like to trade regular size trading or either being a beginning trader a Standard account features 0$ commissions.

Alternatively, their Direct account gives you more transparency so you can see the raw market spread. We then charge our brokerage costs at the completion of each trade.

Or if you’re a professional there is a possibility to trade through a professional account with better conditions and tailored solutions suitable for traders with experience and those that operate bigger size.

Blueberry Markets account types

How to open an account

Obviously, you should follow the opening account or sign-in page and proceed with the guided steps. Also, you would be advised to upload a copy of your ID and residence in order to prove your identity, once the account is confirmed you will get access to your Client Portal where all your account management is happening and proceed with the first deposit.
 

Fees

Blueberry Markets spreads offering itself, and as already mentioned Blueberry Markets fees based on tight spread offering from 0.0 pips for professionals, also broker applies 0 commission on a standard account but charges higher spread with service mark-up.

FeesBlueberry Markets FeesAvaTrade FeeseToro Fees
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeNoYesYes
Fee rankingLowAverageHigh

 

Spreads

Standard accounts with the spread-only spreads are higher, due to costs that are inbuilt in the spread, so you will get around 1 pip for EUR USD, which is actually still considered a good proposal.

If you trade with a professional account, there is a commission charge of $7, which is also may be lowered for high-volume traders and spread is interbank offering typically 0.2 pips for EUR USD pair.

For instance, you may see below some of the recent spreads, as well compare Blueberry fees to another popular broker FP Markets

Comparison between Blueberry Markets fees and similar brokers

Asset/ PairBlueberry Markets SpreadAvaTrade SpreadeToro Spread
EUR USD Spread1 pips1.3 pips3 pips
Crude Oil WTI Spread435
Gold Spread304045

Swap

Also, always consider overnight fee as a cost also referred to as Rollover rate, an interest for holding positions open overnight in foreign exchange trading. It is determined by the overnight interest rate and is a differential between two involved in trade currencies.

Blueberry Markets Swap
 

Trading Instruments

The marker range also includes access to vast trading instruments offered from Blueberry ECN including Forex, Oil and Metal commodities, Indices, Cryptocurrencies, and Australian and the US Share CFDs. The total number is around 300 instruments across major and most traded instruments.
Blueberry Markets trading instruments

 

Deposits and Withdrawals

The number of payment methods to fund the trading account will allow you to transfer funds easily by the use of Visa/MasterCard, Skrill, POLi Payment, fasapay, and Bank Wire Transfers.

While you may choose a base account currency which will also assist in seamless transfer with no conversion fees.

Blueberry Markets minimum deposit

The minimum deposit amount requires 100$ if you apply for a Standard account based on spread only. For professionals and accounts with tailored solutions, 2,000$ is the first deposit, considered a great opportunity for high-volume traders.

Blueberry Markets minimum deposit vs other brokers

 Blueberry MarketsMost Other Brokers
Minimum Deposit$100$500

Withdrawals

Blueberry Markets does not charge any internal fees for deposits or withdrawals, also including wide selection of payment methods. Yet, you should check with your payment provider in case any fees are waived due to international policies for money transfers, as some charges may be applicable, as well as regulatory requirements for Withdrawals to Bank Account only or so.

How long does it take to withdraw money from Blueberry Markets?

Typically, the broker process the withdrawal transactions within 24 hours.

Blueberry Markets withdraw

 

Trading Platforms

The next step in our Blueberry Markets Review is a definition of the platforms through which you will access to the trading environment itself.

ProsCons
MetaTrader4None
MetaTrader5 
User friendly design 
Rewarded trading software 
Powerful technology and ECN environment 
Mobile Trading 

Web Platform

Blueberry Markets uses MetaTrader4 and MetaTrader 5 its newer version as a platform, and the choice is not a surprise as its numerous features and tools bring the perfect combination to the technological execution. The platforms are available for almost any device including Web versions, desktop, and Mobile apps.

Desktop Platform

Eventually, both platforms do not require much saying, as being an “industry standard” software bringing powerful capabilities through great chart features, numerous add-on, automated trading opportunities through live Forex trading room and much more.

In addition, Blueberry desktop advanced platforms are packed with free tools, in-depth trading history and access to more capabilities available exclusively to Blueberry markets traders, which is great for both beginners and professionals.

Blueberry Markets Platform

Mobile Platform

Also, you may use Blueberry Markets mobile app that gives you full capacity of control over your orders or an account. Applications are available for both MetaTrader versions and suitable for any smartphone along with push notifications and great customization.


Customer Support

What we should mention with good points is a responsive 24/7 Customer Service that Blueberry Markets run. Their answers are quick and relevant, so you can count on good support and understanding of your concerns at any time. You can contact customer service via Live chat, emails, phone lines or leave a message with the contact form.

 

Education

Blueberry Markets provide their clients with daily Forex market updates via their official YouTube page with the help of our Head Currency Analyst, Jonathan Kibbler. They also update their trading blog daily which is accessible via their website.

Bluberry Markets will support only with good research tools that are inbuilt into the platforms and available for free use. Also, there are copy trade options so you can get some trading ideas as well.

 

Conclusion

Concluding Blueberry Markets review, we admit safe broker to trade with, also established with respect to Australian laws and competitive pricing. What we really appreciate in its offering, is a great balance between the trading conditions, environment and support Blueberry Markets provides. Also, both beginning and experienced traders may find its good may in possible long-term trading success.

Blueberry Markets conclusion

Reviews

Sunday Emmanuel Says:
At: 1 year ago

Hello, Do you also accept clients from Nigeria?

John Says:
At: 1 year ago

I guess this is same question i also have

Helen Mary Barrameda Says:
At: 1 year ago

Hello! Yes we accept clients from Nigeria! You are very welcome to reach out to us at . We have a very friendly and responsive support team who can walk you through the application process

Warren Says:
At: 1 year ago

U expect us 🇺🇸 traders?

Blueberry Markets Says:
At: 1 year ago

Hi Warren yes US traders are welcome

Saqilo Says:
At: 1 year ago

do you accept clients from Tanzania?

Blueberry Markets Says:
At: 1 year ago

Hi, Saqilo. We currently do not accept clients from Tanzania.

ROBERTO Says:
At: 1 year ago

Cis this platform be trading by own or havin account manager to trade for myself?

Blueberry Markets Says:
At: 1 year ago

Hi, Roberto. Great question! Our clients will have their own dedicated account managers who will help them with their trades whenever they sign up for an account with us.

Ali Says:
At: 1 year ago

Do you accept client from Malaysia? Is blueberry market legit in Malaysia? Thanks.

Blueberry Markets Says:
At: 1 year ago

Hi, ALi. Absolutely! We accept clients based in Malaysia. For the full list of requirements, please visit our website at blueberrymarkets.com

Irvan Says:
At: 1 year ago

Do you accept client from indonesia?

Blueberry Markets Says:
At: 1 year ago

Hi Irvan, Yes! Clients from Indonesia are welcome at Blueberry Markets.

Andre Says:
At: 1 year ago

Does Blueberry Markets accepts customers from Japan? Thanks

Blueberry Markets Says:
At: 1 year ago

Hi Andre, absolutely! We accept clients from Japan.

Maximus Electra Says:
At: 1 year ago

Hello. Do you accept clients from Vietnam?

Blueberry Markets Says:
At: 1 year ago

Hi Maximum Electra, unfortunately, we do not accept clients from Vietnam as of now.

Ali Says:
At: 1 year ago

Do they accept client from uae? There are fx brokers here but most of them are fraudulent.. So anyone can tell if they accept client from uae??

Blueberry Markets Says:
At: 1 year ago

Hi, Ali. Thank you for reaching out. Yes, we do accept clients based in UAE. You may visit our website at blueberrymarkets.com to open an account 🙂

jubin Says:
At: 1 year ago

hi iam basically from india but currently working in mauritius so can i able to do trade with your system

Blueberry Markets Says:
At: 1 year ago

Hi, Jubin. Thank you for showing interest in our platform. Yes, you may open an account with us. Please visit our website at blueberrymarkets.com for more information. Cheers!

Eric Smith Says:
At: 7 months ago
its all a scam, i traded with different brokers, most of them disappear when I make withdrawal request, some of them will try to convince you not to withdraw and instead invest more while others will actually allow you withdraw a little amount so they can build your trust and after that they begin to make large requests. i lost a lot to these fraudulent brokers, i was depressed for months until i was recommended to a Binary options trade funds recovery expert Mr Eddison Ebar when i met them i didn't believe they could get back my money because i have been scammed a lot already and didn't know what to believe, but my gut feeling told me to give it a try and i did, feel free to contact them via their email address: [email protected], and they will help you to claim back your lost investment from your scam broker, i was obligated to recommend them for the good service which they offered to help my issue with my broker.