Blueberry Markets Review

  • Leverage: 1:30

  • Regulation: ASIC, VFSC

  • Min. Deposit: 100 US$

  • HQ: Australia

  • Platforms: MT4, MT5

  • Found in: 2016

Blueberry Markets Licenses

EightCap Pty Ltd - authorized by ASIC (Australia) registration ABN 73 139 495 944  AFSL 391441

Eightcap Global Ltd - authorized by VFSC (Vanuatu) registration number 40377

  1. What is Blueberry Markets?
  2. Awards
  3. Is Blueberry Markets safe or a scam?
  4. Leverage
  5. Accounts
  6. Fees
  7. Market Instruments
  8. Deposits and Withdrawals
  9. Trading Platform
  10. Customer Support
  11. Education
  12. Conclusion on Blueberry Markets

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 best liquidity providers.

The broker operates over a decade since 2009 and since then gained a great reputation among traders and 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.

ProsCons
Strong establishment and well regulated brokerTotal range of instruments limited
Good range of currency pairsEducation not available
Quality 24/7 Support
Trading through ECN

Blueberry Markets website

10 Points Summary
🏢 HeadquartersAustralia
🗺️ RegulationAustralian ASIC, VFSC
🖥 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:

Is Blueberry Markets safe or a scam?

Blueberry Markets review 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 for your benefit.

In addition, Eightcap Global Ltd (Eightcap) is headquartered in Vanuatu since 2017. Eightcap is authorized and regulated by the Vanuatu Financial Services Commission (VFSC) with registration number 40377. Being an offshore zone Vanuatu does not define strict obligations to its financial registered firms, which may be a risky investment in case firm is only based there. However, since Eightcap additionally authorized by the Australian regulator it is considered to be safe trading with them.

ProsCons
Regulated international brokerNo negative balance protection
Part of a trustable and reputable Brokerage group
Strong protective measures under ASIC license

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 recognized world authority which regulated Forex and trading industry and is custom oriented regulator.

Therefore, Blueberry Markets and its EightCap company meets 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 License

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

Which all in all bringing vast of 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.

Accounts

ProsCons
Standard and Professional AccountsNone
Copy Trading
Demo Account

Account types

Blueberry markets designed two account types in order to bring better opportunity 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.

How to open 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 you account management is happening and proceed with the first deposit.

Fees

So getting to 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.

ProsCons
Options between standard fees with spread only and Professional account with a commission Standard Spread examples are not very clear
Deep liquidity
Low fees

Trading Fees

If you trade with a Blueberry Direct account, there is a commission charge $7, which is also may be lowered for high-volume traders and spread is interbank offering typically 0.1 pips for EUR USD pair.

Standard account with the spread only spreads are higher, due to costs that are inbuilt in the spread.

Also, no inactivity fees will be charged to clients.

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 FeesAvaTrade FeeseToro Fees
EUR USD1 pips1.3 pips3 pips
Crude Oil WTI435
Gold304045
Inactivity FeeYesYesYes
Fee rankingLowAverageHigh

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 spread

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 US Share CFDs. Total number is around 300 instruments across major and most traded instruments.
Blueberry Markets instruments

Deposits and Withdrawals

ProsCons
Low Minimum deposit None
GProsreat selection of deposit options including Credit Cards and e-wallets
Free of charge deposit and withdrawals within Australia

Deposit Options

The number of payment methods to fund the trading account will allow you to transfer funds easily by the use of VISA, Mastercard, Bank wire transfer, Skrill, Poli Pay, BPay, and DragonPay.

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

What is the minimum deposit for Blueberry Markets?

The minimum deposit amount requires only 100$ if you apply for a Standard account based on spread only. It is indeed a fantastic opportunity for the beginning traders, while professionals would prefer the account of a tailored solution designed for an experienced trader. This professional account demands 2,000$ as a first deposit, considered a great opportunity for high-volume traders as well.

Withdrawals

Blueberry Markets promises seamless withdrawal, while typically broker does not charge any internal fees for deposits or withdrawals. 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.

Trading Platforms

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

ProsCons
MetaTrader4 None
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 bringing the perfect combination to the technological execution. The platforms available for almost any devices including Web version, desktop and Mobile apps.

Desktop Platform

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

In addition, Blueberry desktop advanced platforms 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 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 runs. 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 contact form.

ProsCons
Quality customer support with live chat 24/7 None
Fast response

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.

ProCons
Free Demo account for 30 days Education Courses and materials are not available
Trading ideas
Research tools

Conclusion

Concluding Blueberry Markets review, we admit an authorized, hence safe broker to trade with, also established with respect to Australian laws and competitive pricing.

Blueberry Markets trading conditions

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. Alternative forex brokers are FP Markets and Go Markets which are both ASIC regulated in Australia and with good trading conditions.

And of course, we would be glad to know your personal opinion about Blueberry Markets, share your experience or refer to us for some additional information on the comment area below.

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21 responses to “Blueberry Markets”

  1. Why are there only 2 metals to trade namely gold and silver ? What about copper and palladium and the other less well
    metals ?

  2. Money withdrawal is annoying. Terrible process! Such a waste of time. Had to contact support several times even the bank wire transfer is within Australia.

    Ex – Initial deposit US$ 500

    After trading one week Balance $691 (Equity 100%)

    I have to submit one request for $500, they will only send it to master card.

    Rest $191 , I have to use bank wire method.

    They charge $20 if the bank is not in Australia

    Complete bulshit! And high spreads as well

  3. If you had finally received your withdrawal then why are you going around complaining in every platform? No broker is perfect. So let them be!I have not yet opened an account with them, but I have read lots of reviews about them.

  4. Hi Pasindu, we are incredibly sorry for your negative experience. We tried looking up your name on our records but we could not find you. Is it possible for you to reach out to our Support Team so that we can address your needs. Thank you for the honest assessment and we will use it as a springboard to improve our overall customer experience.

  5. Hi from Philippines.Yes they have very good customer support all doubtful question on my mind answered clearly. Thank you very much. Keep it up guysss. 😁😁😁

    • 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.

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

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