Advertising Disclosure
Written by:
Crispus Nyaga
Edited by:
Eno Eteng
Fact checked by:
George Rossi
Updated:
Leverage: 1:30
Regulation: ASIC, VFSC
Min. Deposit: $100
HQ: Australia
Platforms: MT4, MT5, Web Trader
Found in: 2016
Blueberry Markets Licenses
| Regulation and Security | 4.5 / 5 |
| Account Types and Benefits | 4.4 / 5 |
| Cost Structure and Fees | 4.5 / 5 |
| Trading Platforms and Tools | 4.4 / 5 |
| Trading Instruments | 4.6 / 5 |
| Deposit and Withdrawal Options | 4.5 / 5 |
| Customer Support and Responsiveness | 4.5 / 5 |
| Research and Education | 4.4 / 5 |
| Portfolio and Investment Opportunities | 4 / 5 |
| Account opening | 4.6 / 5 |
| Additional Tools and Features | 4.3 / 5 |
Blueberry Markets is an Australian Forex trading broker. The headquarters of the broker is located in North Sydney, NSW 2060, Australia. It operates under the quite popular larger broker ACY and offers transparent pricing. It also allows traders to benefit from industry-leading technology solutions using various liquidity providers.
The broker has been operating for over a decade and has gained a great reputation among traders and the industry. Blueberry Markets provides not only tight spreads and light-speed execution but also tailored solutions for ambitious traders who strive to explore the market and diversify their opportunities.
Blueberry Markets is a reputable, well-regulated broker famous for Forex, CFDs, indices, and commodities trading. The broker carries a top-tier regulatory license by ASIC (AU). Blueberry offers advanced trading through the popular MT4/MT5 platforms. The broker also provides 24/7 customer support, requires a low minimum deposit, and offers competitive and low fees.
In our expert opinion, there are not many Cons for Blueberry Markets, yet some might consider the regulation availability in an offshore zone a negative point, although the tight regulation provided by ASIC leaves no room for concern.
| Advantages | Disadvantages |
|---|---|
| Regulated by ASIC | Free-of-charge withdrawals only in Australia |
| Low Minimum deposit | International regulation available via offshore zone |
| Over-the-counter Market | Limited financial instruments |
| Spreads from 0.0 | |
| MT4/MT5 platforms | |
| Competitive low pricing | |
| 24/7 Customer service |
With a long operation in the market, Blueberry Markets stands out as a well-regarded broker, regulated by ASIC. The broker offers good trading conditions, enabling clients of different levels to have advanced trading experience. We considered different aspects of trading with Blueberry Markets, and listed them below for a quick look:
| 🗺️ Regulation | ASIC, VFSC |
| 🗺️ Account Types | Standard, Direct |
| 🖥 Trading Platforms | MT4, MT5, Web Trader |
| 📉 Trading Instruments | Major and minor currency pairs, Commodities, Metals, CFD Shares, Crypto CFDs, Indices |
| 💳 Minimum deposit | $100 |
| 💰 Average EUR/USD Spread | 1 pips |
| 🎮 Demo Account | Available |
| 💰 Account Base currencies | Various currencies supported |
| 📚 Trading Education | Available |
| ☎ Customer Support | 24/7 |
Based on Our findings and Financial Expert Opinions Blueberry Markets offers various features and services that can be a good fit for traders of different levels and for different market needs. So, this is what Blueberry Markets is Good for:
Blueberry Markets offers advanced trading opportunities for those who value safety and reliability, a competitive fee structure, with average spreads and conditions, intuitive and flexible platforms, up-to-date market data, and access to research and educational tools. With robust regulatory oversight and a customer-dedicated approach, Blueberry Markets is an efficient broker for profitable trading and excellent outcomes.
What we really appreciate in its offering, is a great balance between the trading conditions, environment, and support Blueberry Markets provides. Also, both beginner and experienced traders may find it favorable for long-term trading success.
Overall, we think Blueberry Markets is a good, reliable choice of the Broker for traders from Australia. Being customer-centric broker offers quality trading environment and transparent offering, positioning itself Forex and CFD broker suitable for both beginners and advanced traders.
We like the fee structure with its spread or commission-based structures, so the choice is yours which is great to have variety of trading fee basis, while spreads being average and commissions mostly on the lower side. We found that one of the strongest points of Blueberry Markets is its customer support, known for its dedication and responsiveness. The platforms offering popular MT4 and MT5 platforms, with good charting, and algorithmic trading at great level. However, if you prefer other trading software then you need to check other proposals too.
The instrument offered is mainly CFD-based, which we found can be limiting for those traders who prefer long-term investments. Besides, compared to other well-established brokers, Blueberry Markets offers a considerably limited amount of instruments. Another point that can make some traders conscious, is the global offering being offshore-based, therefor with much lower or none of protections applied.
| Blueberry Markets is an excellent Broker for: | - Beginner traders - MetaTrader platform enthusiasts - Algorithmic traders - Cost-conscious traders - Professional traders - Those who look for various trading strategies - For clients who prefer flexible leverage |
| Blueberry Markets is not the best for: | - Traders looking for long-term investments - Stock and ETF Traders - Clients looking for very high leverage - Beginners with a need of extensive educational resources |
Score – 4.5/5
Based on our research we found out that Blueberry Markets is a trading name used by ACY respectively registered with the Australian Securities and Investments Commission (ASIC). This association further ensures Blueberry Markets’ commitment to high standards and compliance with strict rules. Additionally, Blueberry Markets has a license from AFSL, which further ensures compliance with strict regulatory standards and ethical trading practices.
As the broker holds an ASIC license received in Australia, it is considered a fully legit and regulated broker: the authority constantly oversees firms’ activity and trading services it provides, in reverse guaranteeing safe investment.
As we found, Blueberry Markets 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 has been operating since 2016, providing its services to a large scale of clients. The broker is tightly regulated, ensuring a reliable and secure environment for traders. During these years, Blueberry Markets has been consistent in its development, constantly enlarging its client base and expanding its services globally.
As the broker has established itself as a trusted worldwide trading platform, it has also achieved collective recognition from award-giving bodies in the industry, gaining awards in the Australasian Startup Awards 2018 and the Finder Innovation Awards 2020. In addition, Blueberry Markets has also won over the trust of traders. Many customers emphasize the broker’s dedicated customer service and intuitive platforms, while among negative reviews clients point out insufficient withdrawals. Yet, the overall score for the broker is very high, and negative feedback is only a small percentage.
Score – 4.4/5
Blueberry Markets offers two account types: Standard and Direct. The two types have similar features, enabling access to 300+ instruments and the availability of MT4/MT5 and Web Trader platforms. The leverage for both accounts is also the same—up to 1:500. There is an initial $100 minimum deposit requirement to open a Standard or Direct account with Blueberry Markets. The main difference between the accounts is the fee structure: the Standard account offers a spread-based structure, while the direct account is commission-based.
Standard Account
The Blueberry Markets Standard Account is suitable for traders who prefer a spread-based structure when all trading costs are already integrated into spreads, with no additional transaction fees. The Standard account has competitive spreads in line with the market average, with the EUR/USD pair at 1 pips. The no hidden fees, transparency, and overall favorable trading environment make the account attractive for both beginner and professional traders.
Direct Account
The direct account offers raw spreads with a commission fee charged for every trade. The commission for this account is $3.5 per side per trade, with spreads starting from 0.0 pips. This fee structure is ideal for traders who prefer raw spreads with fixed commissions, making the offering clear and transparent while allowing for precise cost calculation on each trade.
We found that based on regulatory restrictions Blueberry Markets does not accept residents from the following countries:
Score – 4.5/5
Our research of Blueberry Markets costs showed that the broker offers competitive fees in line with the market average. The availability of both spread and commission-based structures enables more flexibility and choice.
Blueberry Market’s Standard account is completely spread-based, which means that all the costs are already integrated into spreads, and there are no additional commissions per trade. The average spread is calculated at 1 pips, which is considered an average offering, and even lower than for many brokers in the market. For the Direct account, the spreads are floating, starting from 0.0 pips, with additional fixed transaction fees.
As we found, Blueberry Markets has a fixed commission of $3.5 per side per trade ($7 per round turn) for its Direct account. This commission is added to spreads starting from 0.0 pips. Generally, this cost structure is suitable for more advanced traders who prefer fixed fees, which gives trades more predictability.
Swap is the interest rate differential reflected between the two currencies of a currency pair when holding a position overnight. It reflects the cost of keeping the position open beyond the closing of the trading day. Swap applies to all trades that are held past rollover, which falls between 23:58 and 00:02 platform time. It is tripled on Wednesdays or Fridays for specific instruments.
While we researched Blueberry Markets’ fee structure and applicable trading costs we found a transparent and competitive offering, that also enables flexibility of choice. The Standard Account spreads include all the trading costs, which will suit beginners or those who prefer a more classic fee structure. The Direct Account allows traders to speculate on spreads starting from 0.0 pips with a commission of $3.5 per side per trade, suitable for those who either require the tightest spreads or prioritize predictability in trading. We also found that for the US shares spreads start from 0.5 pips with a commission of $2 per side per trade. Besides, high-volume traders via the Premium Account can enjoy personalized pricing and even rebates. Overall, the fee structure from Blueberry Markets is favorable and can meet the needs of different traders, from cost-conscious to more professional traders dealing with higher volumes.
| Asset/ Pair | Blueberry Markets Spread | Admiral Markets Spread | ThinkMarkets Spread |
|---|---|---|---|
| EUR USD Spread | 1 pips | 0.6 pips | 1.1 pips |
| Crude Oil WTI Spread | 4 | 0.03 pips | 0.03 |
| Gold Spread | 46 | 0.25 pips | 19 cents |
| BTC USD Spread | 2222 | 0.3% | 12 USD |
In regard to non-trading fees, we found that Blueberry Markets does not charge deposit and withdrawal fees. However, traders should watch out for third-party costs, in case there are any. Besides, the broker automatically archives Inactive accounts after 90 days of being dormant, yet, there is no inactivity fee applied.
Score – 4.4/5
Blueberry Markets offers the market popular MT4 and MT5 platforms, with advanced and innovative features and tools that would satisfy any trading expectations. The broker also enables clients to conduct their trades on the Web Trader, giving more flexibility and variety.
| Platforms | Blueberry Markets Platforms | Pepperstone Platforms | Plus500 Platforms |
|---|---|---|---|
| MT4 | Yes | Yes | No |
| MT5 | Yes | Yes | No |
| cTrader | No | Yes | No |
| Own Platform | No | Yes | Yes |
| Mobile Apps | Yes | Yes | Yes |
Blueberry Markets enables traders to conduct trades through Web Trader, offering an intuitive, browser-based platform that does not require installations and downloads. The platform is compatible with Windows, Mac, and Linux and allows trading from any device with a good internet connection and a web browser. It includes all the essential features of the MT4 and MT5 desktop platforms, with professional charting, technical analysis, and algorithmic trading availability.
Blueberry Markets’ MT4 is a user-friendly platform with powerful solutions that are suitable both for beginner traders who are looking for simple and straightforward offerings and for professionals seeking platforms for more complex strategies. With advanced charting features, real-time market data, and technical indicators, MT4 is an excellent choice. Besides, it offers fast order execution, personalized charts, and add-ons available for installation to enhance trading outcomes. The platform also supports EAs, enabling full automation of trading strategies through custom-built algorithms.
The MT5 trading platform offers advanced tools and market diversity. It gives access to forex, stocks, indices, commodities, and cryptocurrencies. It includes more than 80 technical indicators, provides real-time market forecasting, and VPS Virtual Hosting for secure and uninterrupted trades. Besides, the MT5 platform offers copy trading as a unique investment option for more diversification. All in all, the platform’s intuitive interface, analytical tools, and ultra-fast execution, ensure efficient participation in the financial markets.
Our testing showed that Blueberry Markets offers powerful and innovative versions of the MT4 and MT5 platforms that enable traders to try different strategies, from simple to most complex. The MT5 platform offers more sophisticated features that will satisfy more professional traders, with enhanced features and a more intense range of tools. All in all, both platforms ensure successful trades, with their in-depth analytical tools and fast execution capabilities.
The broker’s mobile trading allows clients more flexibility, enabling them to conduct trades anywhere from the palm of their hands. Both the iOS and Android systems are supported giving access to the broker’s MT4 and MT5 mobile apps. Traders have real-time market access, sophisticated charts, push notifications, and live price alerts, and mostly maintain all the important features of the desktop platforms.
Score – 4.6/5
The market range of the broker includes access to vast trading instruments including Forex, Oil and Metal commodities, Indices, Cryptocurrencies, and Australian and US Share CFDs. The total number is around 300 instruments across major and most traded instruments.
Our experts found out that clients can trade cryptocurrencies with Blueberry Markets as CFDs, which will let them speculate on the price movement of cryptocurrencies without taking ownership of the actual underlying assets.
As we found, the range of tradable products at Blueberry Markets is not extensive, however, it still includes all the major instruments across different assets. It offers a good range of major, minor, and exotic forex pairs. However, the broker’s instruments are all CFD-based and do not provide direct stock trading, thus long-term investors might find the broker’s offerings restrictive. Besides, we urge traders to be careful, as the instrument availability might differ based on the entity.
One of the greatest features of Forex trading and a part of Blueberry Markets’ offerings is the possibility to use leverage, which may increase the potential gains drastically. Being an Australian brokerage, Blueberry Markets Leverage falls under regulatory restrictions, however, it still allows high leverage ratios:
This multiplying feature brings vast opportunities specifically for retail traders, as the trading size may magnificently enlarge. Nevertheless, traders should always learn how to use leverage smartly as “unhealthy” use may increase the risk dramatically.
Score – 4.5/5
The payment options with Blueberry Markets are diverse, ensuring speedy and secure funding of trading accounts. Traders can choose among many available options, and deposit money in their trading accounts by using Visa/MasterCard, Bank Wire transfers, or e-wallets.
Besides, as traders are free to choose a preferred base account currency they conveniently avoid conversion fees.
The minimum deposit amount required is $100 for both Standard and Direct accounts. For professionals and accounts with tailored solutions, a $2,000 initial deposit is considered a good start.
There are no internal fees from Blueberry Markets regarding deposit and withdrawal methods. The only exception can be if the third-party provider incurs fees for international money transfers. Also, some withdrawals could be allowed strictly to bank accounts, per regulatory requirements and conditions in general.
Score – 4.5/5
We found that the broker has a responsive 24/7 Customer Service. They provide quick and relevant answers through multiple channels, thus, traders can count on good support at any time. You can contact customer service via Live chat, emails, phone lines, or leave a message with the provided form.
Blueberry Markets offers high-quality customer service through several options, making its support more available for traders from all over the world:
Score – 4.4/5
Blueberry Markets includes comprehensive research tools on its platforms, enabling traders deep market research and analysis. This leads to informed trading decisions and favorable trading outcomes.
Blueberry Markets actually offers a Trading Academy, that includes educational resources for beginner, intermediate, and advanced traders. The section includes informative and detailed articles on trading-related topics, giving explanations on how different strategies work, how to navigate the broker’s platforms, and other topics from simple to the most complicated.
The research of different aspects of the broker shows that it is potentially a favorable broker for beginners. We find the broker’s conditions suitable for traders of different needs. With its competitive fees, the choice between account types and fee structures, advanced platforms, and the availability of a demo account, Blueberry Markets will be great for making the first steps into the market. Besides, the broker’s education section provides an impressive range of articles and video courses, specifically labeled for beginners. Thus, to the question, of whether this is a good option for novice traders, the answer is undoubtedly positive.
Score – 4 /5
We found that the broker restricts the investment opportunities to Forex pairs and instruments mainly based on CFDs. This means traditional investments are out of the question here.
Score – 4.6/5
We found that Demo accounts don’t take longer than two minutes to set up as the process is quick with no document requirement. The demo account enables traders to open and practice an account that is similar to a live account with $100,000 virtual money.
Here are the main steps to open a Demo account:
The application for the Live account takes longer compared to the opening of a Demo account, but still, the estimated time is up to 7 minutes. This is because traders are required to submit valid documents. If the documents are invalid or other issues arise, the process can take longer.
Traders need to follow the below-listed steps to open a Live account:
Score – 4.3/5
Additional tools and features offered by any broker are developed to make the trading process more enhanced and comprehensive. Although not too many, Blueberry Markets also offers additional features to boost the trading experience of their clients:
After conducting detailed research on every aspect of trading with Blueberry Markets, we also compared its offerings to those of other well-regarded brokers with similar conditions.
Starting with regulatory oversight, we compare Blueberry Markets to ThinkMarkets. Both brokers follow strict rules and guidelines from well-regarded authorities, providing a secure trading environment. However, ThinkMarkets holds licenses from other authorities as well, including FCA and CySEC, making the broker regulated by the most stringent rules.
Further, we compared Blueberry Markets in terms of the range of available instruments. With its +300 tradable products, the broker has an average offering that, compared to RoboForex’s +12.000 offering, is way more modest; yet, compared to Exness’s +200 and TriumphFX’s +64, Blueberry Markets still offers more diversity.
In terms of trading platforms, Blueberry Markets has a basic offering that provides access to the popular MT4/MT5 platforms, and Web Trader. This is a similar offering to XM and Exness and better than TriumphFX with access only to the MT4 platform.
At last, the Education section of Blueberry Markets is excellent, with informative articles and great video courses, an offering better than traders can find with RoboForex or Triumph FX, but limited if compared to XM’s extensive offering.
| Parameter | Blueberry Markets | TriumphFX | RoboForex | Exness | XM | HFM | ThinkMarkets |
| Spread Based Account | From 1 pips | Average 0.6 pip | Average 1.3 pip | From 0.2 pips | Average 1.6 pips | Average 1 pip | From 0.4 pips |
| Commission Based Account | 0.0 pips + $3.5 | Not available | 0.0 pips + $4 | 0.0 pips + $3.5 | Only on the Shares Account | 0.0 pips + $3 | 0.0 pips + $3.5 |
| Fees Ranking | Average | Low | Average | Low | Average | Low/ Average | Average |
| Trading Platforms | MT4, MT5, Web Trader | MT4 | MT4, MT5, R StocksTrader | MT4, MT5 | MT4, MT5, XM WebTrader | MT4, MT5, HFM App | MT4, MT5, ThinkTrader , TradingView |
| Asset Variety | 300+ instruments | 64+ instruments | 12,000+ instruments | 200+ instruments | 1,000+ Instruments | 500+ instruments | 4000+ instruments |
| Regulation | ASIC, VFSC | CySEC, FSC, FSA | FSC | FCA, FSCA, SFSA, CBCS, FSC BVI, FSC Mauritius | ASIC, CySEC, FSC, DFSA | CySEC, FCA, DFSA, FSCA, FSA, CMA, FSC | FCA, ASIC, FSCA, FSA, CySEC, JFSA, CIMA, FSC, DFSA, FMA |
| Customer Support | 24/7 support | 24/5 support | 24/7 support | 24/7 support | 24/7 support | 24/5 support | 24/7 support |
| Educational Resources | Excellent | Good | Good | Fair | Excellent | Good | Excellent |
| Minimum Deposit | $100 | $100 | $10 | $10 | $5 | $0 | $50 |
At last, based on our research we came to the conclusion that Blueberry Markets is a properly regulated, client-oriented broker with stringent oversight from ASIC. The broker offers advanced and innovative MT4 and MT5 platforms to conduct trades, ensuring great functionality with enhanced charting, algorithmic trading, and competitive pricing. Clients get tight spreads and low commissions, and the fee structure enables diversity. Besides, strong customer support from Blueberry Markets and the availability of a demo account make the broker favorable for beginner traders.
Among the drawbacks, we found that the broker’s tradable products are based mainly on CFDs, which limits possibilities for long-term traditional investments. Besides, Blueberry Markets’ global offering is through its offshore entity which might be a negative point for traders who prioritize stringent regulations. All in all, Blueberry Markets’ commitment to transparency, favorable trading conditions, and client-centric approach make it an appealing choice among Forex and CFD traders.
No review found...
No news available.
Don’t be afraid narrate your problems to nexusinvestigationsgroup,,.com
Worst broker i ever came across. I couldnt even get verified. Stuck on verification screen.Tried so many ways but still dosnt work. even with the help of 2 agents. Even from mobile. Red flag 1 right there.
when i registered my email i didnt receive email verification….Red flag 2….
Ill pass on this
Hi Do you accept clients from South Africa?
Do not open blueberry market account, set my stop lost also need to paid extra 10 over pips.the platform can not trust. Buy and sell need 5sec or more to get verified. V.poor system.
If you’re a beginner $100 is safe to start bud use proper risk management (0.01 lots size)
Good Day
Do you guys accept clients from Canada?
Can I trade U.S stocks with you?
What amount do I need to be able to trade US30 and Nas100 besides the pairs..I’m in US
Do you accept clients from Canada? Particularly those residing in Alberta, Canada?
I notice you looking for a Tax number for Irish traders. Does the account get reported to the Irish revenue
Trade spot forex or cfd forex ?
hi iam basically from india but currently working in mauritius so can i able to do trade with your system
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!
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??
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 🙂
Hello. Do you accept clients from Vietnam?
Hi Maximum Electra, unfortunately, we do not accept clients from Vietnam as of now.
Does Blueberry Markets accepts customers from Japan? Thanks
Hi Andre, absolutely! We accept clients from Japan.
Do you accept client from indonesia?
Hi Irvan, Yes! Clients from Indonesia are welcome at Blueberry Markets.
Do you accept client from Malaysia? Is blueberry market legit in Malaysia? Thanks.
Hi, ALi. Absolutely! We accept clients based in Malaysia. For the full list of requirements, please visit our website at blueberrymarkets.com
Hi, Pedro! Many thanks for your kind words here. Cheers, mate!
Hi, Ankit! Unfortunately, we do not accept clients from India as of now.
Cis this platform be trading by own or havin account manager to trade for myself?
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.
do you accept clients from Tanzania?
Hi, Saqilo. We currently do not accept clients from Tanzania.
do you accept client from india??
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 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.
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.
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
U expect us 🇺🇸 traders?
Hi Warren yes US traders are welcome
Why are there only 2 metals to trade namely gold and silver ? What about copper and palladium and the other less well
metals ?
Hello, Do you also accept clients from Nigeria?
I guess this is same question i also have
Hello! Yes we accept clients from Nigeria! You are very welcome to reach out to us at support@blueberrymarkets.com. We have a very friendly and responsive support team who can walk you through the application process