Blueberry Markets Review 2024

Blueberry Markets is an Australian forex and CFD broker which was established in year 2016. Since its foundation, it has become increasingly popular among online traders who want to access a wide range of financial instruments. Forex, share CFDs and cryptocurrency CFDs, commodities and metals, and indices are all offered by them. We discovered via doing detailed analysis that the broker provides Forex day trading, momentum, support, and resistance trading methods in addition to Forex fundamental and technical analysis trading strategies. The following Blueberry Markets review is aimed to help traders understand the financial service offered by them completely before adopting it as their forex trading broker.

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

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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Pros and Cons:

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
right The company is regulated by top market authorities like ASIC and VFSC. cancel The range of supported financial instruments is limited.
right The range of forex currency pairs is comprehensive. cancel Educational content is not provided.
right A 24/7 live chat is provided. cancel A minimum deposit required – $100 or more.
right ECN-only trading. cancel Free of charge withdrawals only within Australia.
right A free 30 days demo account with all features. cancel A high risk of no negative balance protection.
right Technical feasibility to implement new trading ideas. cancel Spread examples for Standard accounts are complicated.
right A wide range of research tools available.
right Fast response to queries.
right Complete access to MetaTrader 4 and MetaTrader 5 platform.
right A fully-supported mobile trading environment.
right Copy-trading supported.
right Proper liquidity.

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What is Blueberry Markets?

Headquartered in Sydney, 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.

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 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.

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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

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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.

Blueberry Markets - 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

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Trading Instruments Overview

Interface of Blueberry Markets

MetaTrader 4

MetaTrader 5

Forex Pairs 44 44
Global Indices 10 10
Metal Commodities 3 3
Commodities – Oil 2 2
Cryptocurrency CFDs No 5
Share CFDs No 197 ASX and 50 US stock shares

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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.

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

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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.

Trading 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.

Blueberry Markets MT4 Trading Platform

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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.

Blueberry Markets MT5 Trading Platform

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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.

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.

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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 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 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 Direct Account

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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 Account Types Comparison

Interface of Blueberry Markets

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+

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Blueberry Markets 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.

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

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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.

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.

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 24/7.
Customer Service

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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 Regulated?

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 Reviews - Regulator

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As 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.

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.

Blueberry Markets Broker Reviews

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Conclusion

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.

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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.

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