Blueberry Markets Review 2023
About Blueberry Markets
Blueberry Markets is one of the world’s sought-after brokers in trading CFDs, forex, indices, commodities, and other instruments. It caters to the global trading industry and provides its services in profit maximization and investment protection.
Blueberry Markets Overview
| Official Website | https://blueberrymarkets.com/ |
| Headquarters | Vanuatu, Australia |
| Found in | 2017 |
| Regulators | VFSC, ASIC |
| Products Offered | Cryptos, Forex, CFD, Commodities, Currency Pairs, Indices and Metals. |
| Minimum Initial Deposit | $100 |
| Maximum Leverage | 30:1(ASIC), 500:1(Vanuatu (VFSC)) |
| Islamic Accounts | No |
| Demo Account | Yes |
| Meta trader 4 (MT4) | Yes |
| Meta trader 5 (MT5) | Yes |
| Trading Fees | $7 for Direct Account (Spreads from 0.0 pips) $0 for Standard Account (Spreads from 1 pips) |
| Inactivity fees | No |
| Withdrawal fees | $0 |
| Supported currencies | AUD, USD, CAD, GBP, NZD, EUR, SGD, & more |
| Customer Support | 24/7 |
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Financial instruments, such as forex currency pairs, commodities, and CFDs, are some of the world’s top trading assets. Indices, metals, individual stocks, and cryptocurrencies are lucrative trading instruments.
However, the level of risk in trading these instruments is considerably high. Forex traders, in particular, may be losing money rapidly due to market volatility, and this drives the need for professional broker services in the forex trading market.
In financial and commercial trading, a forex broker is an essential intermediary that helps traders buy and sell financial assets for a commission.
Blueberry Markets Review
In this Blueberry Markets review, key aspects of the brokers have been explored and evaluated to present a clear view for new and expert traders.
The following review is aimed to help traders understand the financial service offered by Blueberry Markets completely before adopting it as their forex trading broker. Let’s check out the forex broker review of Blueberry Markets in depth.
Interface of Blueberry Markets
What is Blueberry Markets?
Headquartered in Australia, Blueberry Markets is an online broker offering its financial services to clients worldwide. By using electronic communication networks to provide its forex financial expertise, Blueberry Markets is currently a top-level ECN broker globally.
It is an expert in trading forex pairs but has proficiency in the landscape of other financial instruments such as commodities, indices, energies, metals, and CFDs. It’s also a finalist for best online customer service in both 2020 and 2021.
As of 2021, Blueberry Markets offers its services for more than 300 tradable instruments under multiple asset classes. The company has gained its position in the market by providing low spreads.
Blueberry Markets – Tradable Instruments
The low spreads offered by Blueberry Markets compare to other brokers for its account holders start from just 0 pips which is one of the top features traders consider.
The competitive commission fees charged by the company make sure its clients take home the maximum percentage of their earnings.
Blueberry Markets is an Australian brokerage firm, ASIC-regulated brokers. Despite regulatory restrictions, it allows high leverage ratios up to maximum leverage of 1:500, which is significantly lucratively compared to several other forex brokers in the market.
Open an Account with Blueberry
The cost of trading with Blueberry Markets accounts starts with a minimum deposit of $100 charged to the traders at the opening of a new account. After that, traders can select from five different mediums of funding, all convenient to reach their individual trading goals.
At Blueberry Markets, the liquidity of trader earnings is aggregated across dozens of Tier-1 banks. Moreover, the ECN broker is known for offering the best real-time pricing in the market.
Blueberry Markets is designed to implement the most complex and customized trading strategies. It is built on a robust infrastructure of advanced trading technologies that help traders in fast executions, tight spreads, and high-profit outcomes.
In the recent past, Blueberry Markets has transformed its services to meet their goals in providing long-term high-value results to their clients. Currently, the broker is working alongside individual clients and investment corporations, helping them gain success and prosperity equally.
The company has a team of professional account managers catering to clients in Australia and other parts of the world. The broker also practices a 24-hour customer service for its clients on trading days.
According to the CEO of the company, Dean Hyde, Blueberry Markets was established to view its clients’ success in volatile trading conditions. The broker focuses on using multiple strategies to make that happen.
How Does It Work?
The working application of Blueberry Markets is quite dynamic, providing assistance in trading a wide range of financial instruments. One can try the demo account (Practice account) of Blueberry Markets to experience how the broker works. The process of opening a Blueberry Markets account is simple.
Get started with Blueberry Markets
- Visit the Blueberry Markets website and click on “Start Trading” at the top right corner
- Select between foreign exchange trading accounts (Standard or Direct/Professional Accounts) or click on the “demo account” link next to these respective accounts
- Fill an online form to register a new foreign exchange trading account on Blueberry Markets
- In this form, provide an active email address and phone number for online user verification
- After filling up other credentials, submit the form and complete the verification process
Get Started Live Trading Account with Blueberry
KYC and Address Document Process
A new Blueberry Markets account is activated by providing proof of ID and proof of address. The trading broker has adhered to the compliance of global financial services in implementing the “Know Your Client” (KYC) process for all users.
The KYC process on Blueberry Markets is completed by submitting a digital copy of a valid passport or a valid driver’s license as proof of ID. Similarly, traders need to submit digital copies of the recent utility bills of their residences as proof of address.
KYC
The documents submitted for proof of address must be less than three months old. All documents must accurately show the name and the address applicant. The KYC verification process may take a couple of working days. Till then, the broker allows the users to try its services in a simulated manner with the demo account.
After setting up a new Blueberry Markets account, traders can commence trading by depositing funds. Based on the account type, a minimum deposit of funds needs to be made. Concerning the trading instruments, it offers transparent pricing, and service for trading various forex instruments across multiple markets, like trade forex and other asset classes.
Blueberry Markets Trading Instruments
The primary financial instrument traded on Blueberry Markets is forex. The company also supports the trade of CFDs, cryptocurrencies, metals, commodities, indices, and energies, among others.
Asset Classes
Trading Instruments Overview
|
MetaTrader 4 |
MetaTrader 5 |
|---|---|---|
| Forex Pairs | 44 | 44 |
| Global Indices | 10 | 10 |
| Metal Commodities | 3 | 3 |
| Commodities – Oil | 2 | 2 |
| Cryptocurrency CFDs |  |
5 |
| Share CFDs | |
197 ASX and 50 US stock shares |
Blueberry Markets Popular Currency Pairs
It has been observed that EUR/USD and GBP/USD are the leading forex currency pairs traded through Blueberry Markets. The company also trades in the market for minor pairs and exotic cross-pairs.
In addition to the forex pairs, Blueberry Markets helps traders with popular indices such as UK100, AUS200, JPN225, GER30, FRA40, SPX500, US30, and EUSTX50.
The company also brokers the trading of precious metals, namely, Gold (XAU/USD) and Silver (XAG/USD).
In energy trading, Blueberry Markets is suitable for investors in the oil trade, particularly for assets in WIT-grade oil and Brent-grade oil.
Blueberry Markets – Platforms & Tools
As a financial service, Blueberry Markets offers licensed trading platforms and tools. However, it does not provide any standalone trading tools. The company does not have its proprietary trading platform.
The key platforms used by Blueberry Markets clients are MetaTrader 4 and MetaTrader 5.
The clients get full access to the platform and can use the tools and plugins provided in their software packages. As a separate tool, Blueberry Markets offers it, eligible clients with a free Virtual Private Server. Here’s a quick overview of the tools and platforms provided by Blueberry Markets to their clients.
VPS Hosting
The Blueberry Markets VPS is provided on an application basis. Blueberry Markets offer a free VPS to clients who tend to trade a volume of 10 lots per round-trip as their monthly minimum. These clients can host their trading activities on the Blueberry Markets VPS. It enables them to run the trading platforms 24/7 and eliminate every level of risk associated with downtimes or other technical issues.
Blueberry VPS
With Blueberry Markets VPS, clients do not need to use their computers for executing traders. The VPS environment helps Blueberry Markets traders run an automated trading system that stays active at all times. The platform keeps executing the trades and monitoring the market around the clock.
There is near-zero latency registered as the VPS delivered a 1-millisecond time-leap advantage compared to other trade servers. It also performs with a 100%-guaranteed uptime, supported by a 24/7 technical customer service team.
The MetaTrader Platforms of Blueberry Markets
Blueberry Markets offers MetaTrader 4 and Metatrader 5, the most popular trading platforms in the world. Developed by MetaQuotes, these trading platforms are the best-in-class trading industry-leading technology solutions for traders’ global markets.
The company provides a licensed version of these platforms, and there are no additional costs charged to the traders.
These platforms are also available as desktop software and can be installed on Windows and Macintosh operating systems. The web version of MetaTrader 4, called the MT4 WebTrader, runs on all web browser applications, such as Google Chrome, Safari, and Mozilla Firefox.
The Blueberry Markets app versions of MetaTrader platforms are available for smartphones and mobile devices running on iOS and Android platforms.
MT4 Trading Platform
MetaTrader 4 is the main useful resource for the company. Its clients can use this platform and join millions of traders from around the world in upskilling. There are different levels of using the MetaTrader 4 platform. Regardless, it runs a user-friendly UI, packed with several trading tools.
The trading platform has over 30 built-in technical analysis indicators for providing the most accurate trading insights. The platform can analyze complex trading conditions with the help of its analytical objects. The company also offers a MetaTrader automated trading support by connecting its clients to expert advisors.
MetaTrader platforms
One of the key tools of this platform is the MT4 MetaEditor. It allows advanced traders to code custom indicators with the MQL programming language. With this tool, testing new trade strategies is easily possible.
The tool also provides accurate results of back-testing these strategies over historical data and diverse trading conditions.
The platform also offers real-time pricing quotes and a live forex trading room through its market watch window. It runs its market analysis across nine different timeframes. There are multiple charts and reports developed to support traders in placing different types of orders.
MT5 Trading Platform
The MetaTrader 5 platforms also offer one-click trading. Traders can set notification alerts and run templates for their trading activities and access a marketplace with dozens of additional tools. The MT5 WebTrader web app can run directly through web browsers.
Metatrader5
The mobile applications of these platforms are useful for accessing trading accounts remotely. The clients can stay connected to their markets on the go anywhere in the world, as long as they have an internet connection. Blueberry Markets offers these platforms and tools to its clients through both types of trading accounts.
The Pros and Cons of Trading with Blueberry Markets
Like all other forex brokers, Blueberry Markets has some plus points as well as some downsides. However, the following summary highlights that the company is far more beneficial than counter-productive for traders.
Pros |
Cons |
 The company is regulated by top market authorities like ASIC and VFSC. |
 The range of supported financial instruments is limited. |
| The range of forex currency pairs is comprehensive. |
Educational content is not provided. |
| A 24/7 live chat is provided. |
A minimum deposit required – $100 or more. |
| ECN-only trading. |
Free of charge withdrawals only within Australia. |
| A free 30 days demo account with all features. |
A high risk of no negative balance protection. |
| Technical feasibility to implement new trading ideas. |
Spread examples for Standard accounts are complicated. |
| A wide range of research tools available. |
|
| Fast response to queries. |
|
| Complete access to MetaTrader 4 and MetaTrader 5 platform. |
|
| A fully-supported mobile trading environment. |
|
| Copy-trading supported. |
|
| Proper liquidity. |
Types of Accounts Offered by Blueberry Markets
The company offers its services under two main retail investor accounts. The Standard trading account and the Direct trading account are differentiated based on their fees, spreads, and selective features.
Start Online Trading with Blueberry Markets
Both these accounts aggregate the price feeds from best liquidity providers, offering tight spreads for traders. They also deliver good trade executions under safe trading environment.
Both the accounts give access to the trading platforms provided by the broker. However, the spread of the trades depends on the type of trading account.
Blueberry Markets Account Types Comparison
|
Blueberry Standard Account |
Blueberry Direct Account |
|---|---|---|
Minimum Deposit |
$100 | $100 |
Spreads |
From 1.0 pips | From 0.0 pips |
Commission |
$0 | $7 |
Maximum Leverage |
1:500 | 1:500 |
Minimum Trade Size |
0.01 | 0.01 |
Trading Platforms |
MetaTrader 4 or MetaTrader 5 | MetaTrader 4 or MetaTrader 5 |
Tradable Instruments |
300+ | 300+ |
Blueberry Markets Standard Account
With this account, the Blueberry Markets spreads start from 1 pip. There is no commission charged on the trades. The spread is inclusive of the broker costs.
A minimum deposit of $100 is required to open this account.
Blueberry Standard Account
Trading in the Standard account entails a minimum position size requirement of 0.01 lots.
Traders get access to all the trading instruments provided by the MetaTrader platforms with the Standard account.
Blueberry Markets Direct account
With this account, the Blueberry Markets spreads start from 0 pips. There is a $7 commission charged per standard lot trade for a round turn. This competitive commission may increase on substantial trading volumes.
A minimum deposit of $100 is required to open this account. This professional account comes with more transparency, allowing retail traders to see the raw market spread.
Blueberry Account
The minimum position size requirement is the same, which is 0.01 lots.
Similarly, traders also get access to all MetaTrader trading instruments with this account.
Practice account
Blueberry Markets offer a demo account, which has a 30-day trial period. It is used to test the platforms, tools, and other trading features before opening a Direct or a Standard account.
The broker fees of Blueberry Markets vary, and these changes are reflected on the website.
Blueberry Markets Demo Accounts
The fees and costs mentioned in this review can get updated in due course of time. Moreover, the broker may charge additional fees that may not be listed in this Blueberry Markets review.
Traders must check the latest information on the website as the company has its rights reserved to change this information at its discretion.
Blueberry Markets Review – Deposit and Withdrawals
The broker has ensured that the process of depositing and withdrawing funds is easy for all traders. Hence, several methods make fund transfers convenient for clients.
Blueberry Markets Deposit Methods
For depositing funds, traders need to link a bank account and transfer the funds electronically. Alternatively, they can use payment gateways integrated with the platforms to add funds. Credit card and SSL-secured online payment methods such as Skrill are also used by the clients.
Some of these methods may not be available in certain countries, which is why traders need to follow the payment process carefully.
Blueberry Markets Payment methods
The processing time for deposit money is less than 15 minutes.
It is important to note that the funds deposited into the trading accounts must be under the same name. The name on the Blueberry Markets trading account must match with the name issued on the fund transfer.
The broker has a strict non-acceptance policy for third-party payments. Besides, traders can deposit funds in USD, AUD, GBP, EUR, CAD, NZD, and SGD. These different currency options help traders with quick currency conversion.
Blueberry Markets Withdrawal Methods
Withdrawing funds from the trading account can be done via these methods as well. However, for non-Australian clients, the broker charges a small processing fee on the withdrawals. If traders lose money on the platforms, the company is not liable for any refunds.
Under certain terms & conditions, traders may not get charged with any fees on their withdrawals. This depends on the withdrawal requests, withdrawal amounts, and the level of trading. One can easily use the withdrawal service and transfer the funds to a trusted bank account.
The faster processing time for Blueberry Markets withdrawal is 24 hours or less on a business day. The processing of bank wire transfer is likely to take more business days than other methods.
Key Points on Deposit and Withdrawal
While some methods are instant, there have been cases where withdrawals took longer due to some unforeseen circumstances. There is no high risk involved in Blueberry Markets withdrawals, and traders do not lose money due to processing latency.
While there is no limit to the amount of funds one can deposit or withdraw, there are some limits described to the payment options. Certain payment systems have transaction limits, which restrict the traders in their financial flexibility.
These systems have all the rights reserved to set these restrictions, clearly indicated on their respective websites. Traders may also need to verify or upgrade their accounts on these payment systems for removing the limits.
In some countries, these payment systems are directly linked to one bank account.
The currency conversion fees are applied only while using regional base currencies for fund transfers.
Blueberry Markets Review – Customer Support
Blueberry Markets is known to provide best customer service to its clients. The company has a team of experts and technical support staff to help clients 24 hours a day.
Customer Service
The customer support staff is available five days a week, with the weekends excluded. However, on non-business days, the 24/7 live chat features sustain these customer support options.
The staff stays quite responsive on the live chat channels. Their connectivity on the phone and email is somewhat satisfactory.
Is Blueberry Markets Safe?
A majority of brokers pose a high level of risk to their clients for not being properly regulated. Based on these regulations, some brokers are suitable for all investors, while some may not be suitable for certain traders.
Since there is a high risk of losing money(more than your initial investment) when trading with non-regulated brokers, there is an outright inclination towards brokers suitable for all investors. Blueberry Markets, however, margin trading involves a high level of risk and may not be suitable for all investors.
Registered under the company – Eightcap Pty Ltd, the Blueberry Markets Group and Eightcap Global Ltd are regulated by the Vanuatu Financial Services Commission (VFSC) and Australian Securities & Investments Commission (ASIC). Eightcap Pty Ltd and Blueberry markets regulated broker registered under the AFSL number 391441.
Blueberry Markets – Markets Safe
As a regulated by the australian entity, the broker adheres to all standards set by the Australian corporate governance. From financial reporting and operational disclosure, the company is in complete compliance with Australian forex trading market regulators.
The funds deposited by the clients are held in separate accounts and distinct banks. These banks are tier-1 banks, and they do not hold the company funds. However, the company gets its funding liquidity through its separate bank account.
All funds are protected under a segregated trust account governed by the National Australia Bank. This helps to ensure that all retail client funds cannot be used for any other purposes.
Google, Trustpilot,Forex Peace Army Review-Blueberry Markets
There is no high risk of trading with the company for Australian traders. The Commission, however, is not accredited by some countries and regional markets. Hence, traders from those countries are likely to face a high level of risk in margin trading with Blueberry Markets.
Is Blueberry Markets Available in the US?
The broker accepts clients from different countries, but not from the US and Japan. A few more countries also do not regulate the activities of this company.
International regulatory constraints stop it from providing services in the US. The company also registers some minor deficiencies in the Anti-Money Laundering and Counter-Terrorism Financing measures.
Concluding Thoughts on Blueberry Markets
All online Blueberry Markets reviews present a positive verdict on this Australian online brokerage. This Blueberry Markets review also supports their verdict.
It lauds this ASIC-regulated brokerage for its offerings, be it the seamless integration of MetaTrader trading platforms, the support for trading over fifty financial instruments, or the competitive spreads.
Its low-commission and commission-free accounts make it the best ECN broker in the market. While it lacks advanced trading tools or educational courses, it offers premium services to its eligible clients, including convenient funding methods and investor protection.
Its efficient customer support team makes Blueberry Markets an all-inclusive brokerage for modern-day traders.
DISCLAIMER : Forex and CFDs are highly leveraged products. CFDs are complex instruments for Forex and CFD trading due to high volatility, and regularly leverage ratios fall.
FAQs
Is Blueberry Markets a good broker?
The short answer is yes, as many Blueberry Markets Reviews presents positive thoughts about their services. And from our thorough research and studying user’s reviews, we can also conclude that Blueberry Markets is a good broker, and people have to try it once!
Can you trade stocks on Blueberry Markets?
Yes, you can trade stocks on Blueberry Markets, as they offer 50+ US stocks to trade.
Is Blueberry Market an ECN broker?
Yes, Blueberry Market is an ECN broker.
How do I withdraw from Blueberry Markets?
To withdraw your money from Blueberry Markets, first, fill the online withdrawal form, and later it will proceed within 24 hours. However, it can take more time due to unpredicted circumstances.
What are Blueberry Markets deposit fees?
If you deposit through Credit Card, Debit Card, Poli Payment, and China UnionPay, you don’t have to pay any fees, but by Skrill (3% – 4%) & Fasapay(0.5%). And if through bank wire transfer, you need to check with the particular resource.
What is Blueberry Markets leverage?
The Blueberry Markets leverage is up to 1:500.