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. Blueberry Markets Pros and Cons
  3. Is Blueberry Markets safe or a scam?
  4. Leverage
  5. Accounts
  6. Fees
  7. Spread
  8. Market Instruments
  9. Deposits and Withdrawals
  10. Trading Platform
  11. Customer Support
  12. Education
  13. Conclusion

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.

Blueberry Markets Pros and Cons

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

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

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

No, Blueberry markets is not a scam. Blueberry Markets being 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 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.

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

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 FeeYesYesYes
Fee rankingLowAverageHigh

Spreads

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

If you trade with a professional account, there is a commission charge $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 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

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 account with tailored solutions 2,000$ is a first deposit, considered a great opportunity for high-volume traders.

Blueberry Markets minimum deposit vs other brokers

Blueberry Markets Most 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.

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.

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 trading conditions

No news available.

27 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

  6. 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 🙂

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