Founded in 2016 by AxiTrader executive Dan Hyde, Blueberry Markets boasts a thriving community of 30,000 traders, earning recognition as a reliable Australian brokerage. The brokerage was lauded as a “Finalist” for “Best Online Customer Service” at the Finder Awards in 2020 and 2021.

Blueberry Markets: The Upsides and Downsides

Advantages:

• Access to Demo Account
• Cutting-edge Technology Platforms
• Extensive Research and Educational Resources
• Straightforward ECN account opening
• Dependable educational materials
• Acceptance of multiple currencies
• 24/7 client support
• Coverage of up to 20% of initial contributions against potential losses.*
• Commission-free trading with minimal costs
• Availability of raw spreads on the Direct account.

Access to account management specialists and round-the-clock online assistance

Disadvantages:

• Limited Range of Countries
• Who Would Benefit from Blueberry Markets?

Judging from the educational tools provided by Blueberry Markets, this brokerage suits novices, intermediates, and seasoned traders alike. The available trading programs cater to each level of experience, ensuring that novice traders do not feel overwhelmed. Excellent customer support, which received positive reviews, is particularly beneficial for new traders requiring additional guidance.

Blueberry Markets Highlights

• Educational Resources. Blueberry Markets hosts educational materials covering trading fundamentals to advanced indicators. The trading school is divided into beginner, intermediate, and advanced levels, addressing the needs of various traders. Novices entering the Forex market can grasp the basics, while seasoned traders can expand their knowledge. Advanced traders are taught risk management and identifying untapped opportunities.
• Moreover, concise guides for trading on the MetaTrader platform and FAQs for MT4 and MT5 are available. For those seeking to enhance their trading skills, video tutorials are offered, suitable for both advanced and novice traders.
• Partnerships. The Broker Program by Blueberry Markets offers lifetime rebates on preferred clients, swift rebate payouts, and specialized marketing and lead generation strategies. Tailored for those leveraging existing client portfolios or having a trading community, this program is deemed one of the industry’s finest. Individuals can join as Introducing Brokers, Affiliates, or Fund Managers based on their qualifications.
• Trading VPS. Blueberry’s Forex VPS ensures minimal latency during trades, preventing connectivity-related downtimes and enabling trade execution within one to three milliseconds. Interested individuals can fill out a form on the Blueberry website to initiate discussions regarding VPS setup.
• Diverse Asset Range. Offering over 300 instruments, Blueberry Markets covers Forex, share CFDs, cryptocurrency CFDs, commodities, metals, and indices.
• Analysis Features. Blueberry Markets offers robust analytical tools, including market news, sector outlooks for the upcoming week, a weekly newsletter, an economic calendar, and information on trading hours across international exchanges.
• Blueberry Markets caters to diverse trading and investment needs, featuring tools like Premium Trader, DupliTrade, and the brokerage’s educational resources.
• Premium Trader. Tailored for high-volume traders seeking swift execution and competitive pricing, Blueberry Premium provides customized spreads, commissions, and pricing. Premium Trader offers advanced research tools, insights, and market alerts. Traders must meet a monthly Volume Per Month criteria (notional volume for currency exchange, commodities, and stocks is $10 million in USD) to access Premium Trader.

• Broker Type: OTC CFD Broker Under A Corporate Authorized Representative, Market-Maker
• Regulation & Licensing: Australian Securities and Investments Commission (Australia), Securities Commission of the Bahamas
• Offered Assets: 300+ Instruments
• Available Platforms: Download, Web
• Mobile Compatibility: iOS, Android

Accepted Payment Types: MasterCard, Visa, PayPal, Bank Transfer, Skrill, POLi, UnionPay, FasaPay, BPay, DragonPay

Blueberry Markets Account Types

Blueberry Markets offers two account types, detailed below in the table. One account type features zero commissions, with costs incorporated into spreads, allowing traders to retain profits. The other presents raw spreads, with each trade incurring a specified commission. Traders seeking either raw spreads or fixed commissions can opt for the Standard and Direct Accounts, respectively.

Standard Account

• Features: Commission-Free, Ideal for Spread Pricing Enthusiasts
• Account Currencies: USD
• Leverage Available: Up to 1:500
• Minimum Deposit: $100
• Commission Per Trade: 0
• Decimal Pricing: Up to 5
• Trading Instruments: Forex, Indices, Commodities, Shares (US and AU), Crypto
• Spreads: 1
• Minimum Lot Size Per Trade: 0.01
• Demo Account: Yes
• Swap/Rollover Free: No
• Copy Trading Support: Yes (DupliTrade)
• Direct Account
• Features: Commission-Free, Suitable for Spread Pricing Traders
• Account Currencies: USD
• Leverage Available: Up to 1:500
• Minimum Deposit: $100
• Commission Per Trade: 0
• Decimal Pricing: Up to 5
• Trading Instruments: Forex, Indices, Commodities, Shares (US and AU), Crypto
• Spreads: 1
• Minimum Lot Size Per Trade: 0.01
• Demo Account: Yes
• Swap/Rollover Free: No
• Copy Trading Support: Yes (DupliTrade)

Regulations at Blueberry Markets

Blueberry Markets operations are overseen by the Australian Securities and Investments Commission and the Bahamas’ Securities Commission.

As previously mentioned, Blueberry Markets operates under the oversight of ASIC and SCB. A legally recognized firm under Blueberry Markets Group, a division of Eightcap Pty Ltd with registration number AFSL 391441, the brokerage operates with AFS Representative Number 001245440 for Eightcap.

Trading Platforms

Blueberry Markets offers three platforms accepted in the market: MetaTrader 4, MetaTrader 5, and WebTrader. Clients gain access to MetaTrader 4, providing one-click trading, rapid execution, four pending order types, comprehensive history, and charts. Users can create their algorithms and import EAs.

MetaTrader 5, built on the MetaTrader platform like MT4, presents an advanced version with 21 timeframes, 44 analytical items, 38 technical indicators, six pending order types, and swift order executions.

WebTrader, a browser-based platform, caters to those preferring to trade via their browsers, offering support, monitoring, and one-click trading, enabling trading from any location.

Blueberry Markets Pricing

Live accounts can be opened for $100, with dormant accounts archived if the balance falls below 50 units of its base currency after a month of inactivity. Reactivation requires communication with Blueberry Markets customer service.

Closing Thoughts on Blueberry Markets

Blueberry Markets holds a strong reputation within the Australian trading sector for valid reasons. The brokerage offers a wide array of assets, sophisticated platforms, and award-winning customer service to its extensive clientele. *Maximum $300 cash refund; terms and conditions apply.*Wholesale Clients may be eligible for higher leverage rates of up to 1:200, subject to individual assessments. Traders can confirm their eligibility with their account manager after setting up a live account.