Blueberry Markets is a reliable Forex and CFD broker founded in 2016. This Australian broker provides trading and investing services for over 300 instruments with up to 1:500 maximum leverage. In this comprehensive Blueberry Markets review, we'll explore what this regulated broker offers, from its account types to its trading fees and everything in between.
Company Information & Regulation of Blueberry Markets
Blueberry Markets Group Pty Ltd is an Australian-based forex and CFD broker that has garnered attention for its commitment to transparency and customer satisfaction. The company operates under two key regulatory bodies:
- Australian Securities and Investments Commission (ASIC): Blueberry Markets Pty Ltd is regulated by ASIC (no. 535887), ensuring strict compliance with Australian financial regulations.
- Vanuatu Financial Services Commission (VFSC): Blueberry Markets Group Ltd is also regulated by the VFSC (no. 700697), providing an additional layer of regulatory oversight.
These dual regulations underscore Blueberry Markets' commitment to maintaining high standards of financial integrity and client fund protection.
Blueberry Markets Broker Summary of Specifications
Here's a quick overview of what Blueberry Markets offers:
Broker | Blueberry Markets |
Account Types | Standard, Direct |
Regulating Authorities | ASIC, VFSC |
Based Currencies | USD, EUR, GBP, AUD, NZD, SGD, CAD |
Minimum Deposit | $100 |
Deposit Methods | Visa/MasterCard, Bank wired |
Withdrawal Methods | Visa/MasterCard, Bank wired |
Minimum Order | 0.01 Lot |
Maximum Leverage | 1:500 |
Investment Options | Copy trading |
Trading Platforms & Apps | MT4, MT5, Webtrader |
Markets | Forex, indices, commodities, crypto, shares, metals |
Spread | Floating from 0.0 pips |
Commission | $7 |
Orders Execution | Market |
Margin Call/Stop Out | 100%/500% |
Trading Features | Demo account, Forex VPS |
Affiliate Program | Yes |
Bonus & Promotions | No |
Islamic Account | No |
PAMM Account | No |
Customer Support Ways | Email, live chat, phone |
Customer Support Hours | 24/7 |
Restricted Countries | Iran, Syria, North Korea, USA, Sudan, Yemen and more |
Blueberry Markets Accounts
Blueberry Markets offers 2 main account types to cater to different trading styles and preferences:
Account types | Standard | Direct |
Minimum deposit | $100 | $100 |
Minimum trading volume | 0.01 Lot | 0.01 Lot |
Maximum Leverage | 1:500 | 1:500 |
Spreads | Floating from 1.0 pips | Floating from 0.0 pips |
Commission | No commission | 7$ |
Trading platform | MT4, MT5, Web Trader | MT4, MT5, Web Trader |
This simple approach makes choosing an account type easy for traders of all levels.
Blueberry Markets also offers Premium and Premium+ accounts to support traders with high trading capital and monthly trade volume of over 100 lots. This broker has a Demo Account for beginner traders to learn Forex trading. Key features of Blueberry Markets demo trading account:
- Risk-free practice with $100,000 virtual funds
- Access to all features of live trading
- Perfect for testing strategies and getting familiar with the platform
Blueberry Markets Benefits and Drawbacks
Let's weigh the pros and cons of trading with Blueberry Markets:
Advantages | Disadvantages |
ASIC and VFSC regulated | Not available to US citizens |
Competitive spreads | High minimum deposit compared to other brokers |
Multiple base currencies | - |
Advanced copy trading services | - |
Blueberry Markets Broker Account Opening and Verification Guide
Opening an account with Blueberry Markets is a straightforward process:
- Visit the Blueberry Markets website and click on "Register;"
- Sign up with your email address and phone number;
- Choose your country of residence;
- Enter your personal information;
- Choose your account type;
- Upload your proof of identification documents (ID, passport, Driver’s license);
- Upload your proof of address documents (Utility bill, government-issued document, bank statements;
Blueberry Markets Trading Platforms and Apps
Blueberry Markets offers industry-standard trading platforms:
MetaTrader 4 (MT4):
- User-friendly interface
- Advanced charting tools
- Expert Advisors (EAs) for automated trading
- Available on desktop, web, and mobile
Links:
MetaTrader 5 (MT5):
- Enhanced version of MT4
- More timeframes and analytical tools
- Supports trading in stocks and futures
- Available on desktop, web, and mobile
Links:
WebTrader:
- Browser-based trading
- No download required
- Access your account from any device
These platforms offer a range of features suitable for both novice and experienced traders, including customizable charts, one-click trading, and advanced order types.
Blueberry Markets Trading Fees (Spreads and Commissions)
Blueberry Markets offers competitive pricing across its account types:
- Standard Account: Spreads from 1.0 pips with no commission
- Direct Account: Raw spreads from 0.0 pips with a $7 round turn commission per lot
Blueberry markets other fees:
- No deposit and withdrawal fees
- No inactivity fee
Deposit & Withdrawal Methods in Blueberry Markets
Blueberry Markets provides 2 main funding options:
- Credit/Debit Cards (Visa/MasterCard)
- Bank Wire Transfer
The lack of variety in the payment options is a negative aspect of working with this broker.
Investment Options Offered by Blueberry Markets broker
Blueberry Markets offers copy trading options to help traders benefit from others' expertise. Duplitrade is an automated trading platform that allows you to copy the trades of experienced traders. This feature can be particularly beneficial for novice traders or those looking to diversify their trading strategies.
Bonuses and Promotional programs in Blueberry Markets Broker
While Blueberry Markets doesn't offer traditional deposit bonuses due to regulatory restrictions, they provide a refer-a-friend Program to reward traders for introducing new traders. Traders can earn up to $1000 by referring 5 friends to Blueberry Markets.
Blueberry Markets Restricted Countries List
While Blueberry Markets accepts clients from many countries, there are some countries and regions banned from using this broker:
- USA
- North Korea
- Sudan
- South Sudan
- Yemen
- Mali
- Libya
- Lebanon
- Iraq
- Iran
- Guam
- Guinea-Bissau
- US Virgin Islands
- Vanuatu
- Congo
- Canada
- American Samoa
- Central African Republic
Blueberry Markets Support Channels
Blueberry Markets prides itself on providing responsive customer support:
- Live Chat: Available 24/5
- Email: customer-care@blueberrymarkets.com
- Phone: +61279083946 or +61280397480 (Australia)
The support team is known for its quick response times and helpful attitude. They can assist with technical issues, account queries, and general trading questions.
Blueberry Markets Broker Trust Scores & User Reviews
Blueberry Markets has garnered positive reviews from traders on the Trustpilot (https://www.trustpilot.com/review/www.blueberrymarkets.com) website. This broker has 4.6 out of 5 stars on this website with over 88%, 5-star review.
These high trust scores reflect the broker's commitment to customer satisfaction and reliable service.
TF Expert Suggestion
Blueberry Markets, with over 7 years of experience, stands out as a solid choice for traders seeking a regulated, user-friendly broker with competitive pricing.
Its strengths lie in its regulatory compliance with Australia and Vanuatu financial regulatory bodies, variety of trading platforms, and advanced copy trading services with Duplitrader. However, traders must do their own due diligence before joining this broker and depositing funds to the platform.
