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Blueberry Markets offer a wide range of 300+ tradable instruments across different asset classes, including forex, commodities, shares CFDs, cryptocurrency CFDs, and indices through the very popular MetaTrader platforms. The broker operates an ECN trade execution model and provides a free VPS and quality trading conditions, including tight spreads and competitive commissions. The broker also helps its clients’ education by providing a quality market analysis and overview. You can open an account with a minimum deposit of $100 or practice trading online with a risk-free demo trading account.
Blueberry Markets is an entity name of Eightcap Pty Ltd, an Australian-based broker that offers online trading to a worldwide client base. The broker was founded in 2016 by a former AxiTrader. Blueberry Markets is authorised and regulated by the ASIC and the SCB.
This Blueberry Markets review will look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms and tools, research and education, account funding options, customer support, and broker regulation.
Pros and Cons
Blueberry Markets has covered a journey of more than 5 years and succeeded in getting a licence from a top-tier government regulatory authority like the ASIC. The broker offers lucrative trading products on easy-to-use trading platforms. Tight spreads and competitive commissions are also the perks of trading with Blueberry Markets.
On the other hand, the broker does not accept clients from the US. Blueberry Markets requires a minimum deposit of $100 to open an account. The broker does not offer real shares trading. There are no research tools available for its clients, which is also a drawback.
- Regulated by ASIC
- 300+ Trading instruments
- MT4 and MT5 with web trading capability
- Zero spread accounts available
- Free deposit and withdrawal
- Free VPS service
- Responsive customer support 24/7
- Trading courses
- Video tutorials
- Demo trading
- No US clients
- $100 minimum deposit
- Average educational resources
- No swap-free Islamic accounts
Blueberry Markets offers two main account types: standard account and professional account.
The minimum opening deposit required for this account type is $100. Spreads start from 1 pip, and there is no commission charged — it is already included in the spread. The minimum position size that can be opened with this account is 0.01 lots.
The Direct account has spreads that start from 0 pip and a competitive commission of $7 charged per standard lot per round. It has a minimum position size requirement of 0.01 lots and has access to all trading instruments on the MT4 platform. The minimum opening deposit is $1,000.
There is also a demo account for those who want to practice in a risk-free environment.
Blueberry Markets offer 300+ financial products on a wide range of asset classes such as forex, CFDs of shares, commodities, and cryptocurrencies and indices. However, the broker lags a bit in providing other popular asset classes such as options, ETFs, and bonds for trading. It would be nice to see those asset classes on board as well.
Commission and Spreads
Blueberry Markets offers versatile trading environments for all sorts of traders. For example, if you are a long-term trader, you can open a standard account with zero trading commissions and tight spreads starting from 0.0 pip. On the other hand, if you are a scalper or day trader, you can enjoy the perks of direct accounts with tight spreads as low as 0.0 pips and bear a $3.5 commission per standard lot per side.
In addition, the broker also offers premium accounts for traders with high trading volumes. You can enjoy even more benefits on premium accounts
Deposit and Withdrawal Fees
Blueberry Markets does not charge any deposit or withdrawal fees from its clients. However, if you are eager to open an account with them, please check the charges by the service provider you will use for transactions. As some payment methods may apply their service charges for each transaction.
Blueberry Markets understands the ups and downs of human life. Therefore, it doesn’t charge an inactivity fee from the accounts whose owners have not conducted a trading activity in a while.
Platforms and Tools
Blueberry Markets offers the most praised and user-friendly trading platforms from MetaQuotes. The traders can use the most trader-friendly MetaTrader 4 or take their trading experience to the next level with the multi-asset MetaTrader 5 platform with additional features. In addition, the traders who use expert advisors and dedicated plugins on their trading platforms can also avail a forex VPS service that Blueberry Markets provides.
Let’s discuss the details of these trading platforms.
Blueberry Markets provides clients with one of the most widely used trading platforms, the MT4 platform from MetaQuotes. The broker has made available the three versions:
- A non-downloadable and installable web terminal that runs directly on most modern web browsers like Safari, Chrome, Edge, and Firefox
- Installable desktop applications for Windows and Mac computers
- Mobile trading apps that are compatible with Android and iOS devices
Salient features of the desktop version of MT4 are as follows:
- 3 chart types and 11 timeframes
- Fully customisable chart templates
- Automated trading with Expert Advisors (EAs)
- Impressive number of technical indicators and charting objects
- Price alerts
- Market and pending orders
- Trade from charts with one-click trading
- MetaQuotes marketplace to buy or sell plugins
- Easy to navigate interface and settings
- Market watch
- Strategy tester with a good amount of historical data
Their MT5 platform provides enhanced analytics and pending orders and access to more asset classes and trading tools, and the ability to hedge positions. In particular, Blueberry Markets’ MT5 platform enables trading of Cryptocurrency CFDs, Share CFDs, and Commodities with quicker processing times and more customisation options.
Here are some cool features of the MT5:
- Multi-asset trading
- 6 pending orders in addition to the usual market orders
- technical indicators and analytical objects
- 21-time frames
- One-click trading
- View up to 100 charts
- Superior MQL5
- Economic Calendar
- Ability to set up alerts
Blueberry Markets offers trading on all popular web browsers by accessing web versions of MetaTrader 4 and MetaTrader 5. So you just need a device with an internet connection to access your MT4 or MT5 account without the hassle of downloading any additional software or app. However, there might be some features that are not available in web versions.
Blueberry Markets provides its client the ease of trading on the go. Users can now access their trading accounts with mobile iOS and Android versions of their MT4 or MT5 accounts. They can open, manage or close their positions with any hand-held device with an internet connection by downloading these simple trading platforms. Mobile versions of MT4 and MT5 have almost all the important features you can enjoy the desktop version.
Virtual Private Server (VPS)
Whether Standard or Direct, clients having a live account are eligible for free access to the VPS service. Blueberry Markets’ VPS offers the greatest possible experience by completing transactions with increased speed and precision via high-performance external servers. It also supports low-latency trading by hosting the client’s system in the same data centre as Blueberry Markets’ primary trading servers, guaranteeing that deals are performed in one minute or less.
Research and Education
Blueberry Markets offers a dedicated educational section. The broker does not offer any popular technical research tools like AutoChartist, Trade Central, trading calculators, or an economic calendar. In addition, the broker also does not conduct any webinars or seminars for its trading community. These factors may only affect you if you’re a newbie to trading. But if you are intermediate to the advanced trader, it shouldn’t be a considerable problem for you.
The broker has two sections that conclude the educational resources.
In this section, Blueberry Markets offer trading courses, information regarding trading platforms, and video tutorials.
Blueberry Markets offer trading courses for all levels of traders. Whether you are a beginner, intermediate, or advanced trader with considerable experience, you will find a trading course for each level. These trading courses are designed to help traders make informed decisions.
The same goes for the video section. Blueberry Markets offers educational videos for beginners, intermediate or advanced traders but also video tutorials of the trading platforms. So you can learn from basics to advanced trading techniques with the help of these videos.
Blueberry Markets has a section for market analysis that provides a comprehensive outlook on both fundamentals and technical. In addition, you can browse the news articles and subscribe to a weekly newsletter addressing the major market news.
Deposit and Withdrawal
Blueberry Markets allows clients to fund and withdraw from their accounts using various convenient payment methods, including bank wire, credit card, and electronic wallets, such as Skrill and POLi. In addition, the broker also offers cryptocurrencies transactions for deposit and withdrawal, which is a huge plus point for the clients who frequently use cryptos for their transactions. However, some methods may not be available to specific countries. Deposits and withdrawals are processed from Monday to Friday during office hours. In addition, the time for completion of a transaction can vary for different payment methods. Also, the broker specifies the currencies in which you can make a transaction by a specific payment method.
Regulation and Safety
Blueberry Markets under the business entity Eightcap Pty Ltd is authorised and registered with the Australian Securities and Investments Commission (ASIC). The broker under the business entity Eightcap Global Ltd is authorised and regulated by the Securities Commission of the Bahamas (SCB).
A top-tier government authority regulates Blueberry Markets. But the broker has not yet a banking licence. Moreover, as the broker is not publicly traded and not listed on any stock exchange, its financial information is not publicly available. The broker claims to keep its clients’ funds in segregated accounts so that the clients’ funds are under check and cannot be used for the broker’s operational cost or anything else. Overall, Blueberry Markets is considered a good broker when it comes to the client’s safety.
Blueberry Markets offer client support via phone, email, and live chat 24/7. In addition, the broker has exceptionally good support.
Blueberry Markets FAQs
When was Blueberry Markets founded?
Blueberry Markets was founded in 2016.
Where is Blueberry Markets located?
Blueberry Markets is located in Australia.
Is Blueberry Markets regulated?
Yes, Blueberry Markets is regulated by ASIC and SCB.
What trading instruments does Blueberry Markets offer?
Blueberry Markets offers over 300 trading instruments in popular asset classes such as forex, CFDs, shares, indices, commodities, and cryptocurrencies.
What is Blueberry Markets minimum deposit?
Blueberry Markets requires a minimum deposit of $100.
What investing platforms does Blueberry Markets offer?
Blueberry Markets offers MT4 and MT5 platforms with desktop, mobile, and web versions.
What is the Blueberry Markets commission fee?
Blueberry Markets charges a $7 commission per standard lot traded per round on a Direct account.
Does Blueberry Markets charge an inactivity fee?
Blueberry Markets does not charge an inactivity fee.
What are Blueberry Markets spreads?
Blueberry Markets offers very tight spreads as low as 0.0 pips.
What funding options does Blueberry Markets offer?
Blueberry Markets offers a variety of funding options that include wire transfers, debit/credit cards, electronic wallets, and cryptocurrencies.
Does Blueberry Markets offer demo trading?
Yes, Blueberry Markets offers demo trading.
Does Blueberry Markets offer Islamic accounts?
No, Blueberry Markets does not offer Islamic accounts.
How do I contact Blueberry Markets customer support?
You can contact Blueberry Markets customer support 24/7 via live chat, phone, and email.
Blueberry Markets is a fully regulated online broker operating from Australia that provides the popular MT4 and MT5 trading platforms for trading in over 300 different trading products. Traders can choose between commission-free accounts with tight spreads and accounts with a low commission fee. The trading environment is favourable with excellent trade execution, substantial liquidity and user-friendly trading platforms. Various funding options with no deposit or withdrawal fees are also plus points for the broker. In addition, trading courses help users to make informed decisions.
- User-friendly MetaTrader platforms
- Raw spreads from 0.0 pips
- 300+ tradable instruments
- Real time trading signals
- Around the clock customer support
- Deep liquidity and fast execution
- Zero commission on Standard account
- Free low latency VPS available
- Trading centres in New York and Tokyo
- Free demo account with $50,000 virtual funds
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.