Blueberry Markets is a market-maker, founded in 2016 by Dan Hyde, a former AxiTrader executive. There are now 30,000 traders at Blueberry Markets, and the broker has been named one of Australia’s most trusted brokers. At the Finder Awards in both 2020 and 2021, Blueberry Markets was named a “Finalist” in the “Best Online Customer Service” category.
Pros and Cons
Pros
- Demo Account Available
- High-Tech Platforms
- Wide Range of Research/Education Tools
- Easy account opening
- ECN trading environment
- Good education resources
- Supports multiple currencies
- 24/7 customer support
Cons
- Limited Country Range
Recommended For
Judging from the educational tools offered by Blueberry Markets, this broker is suitable for beginner, intermediate, and advanced traders. There are trading programs for each of those experience levels, and this inclusiveness means new traders won’t feel too overwhelmed. Additionally, this broker’s customer service has gotten great reviews, a boost for novice traders who require extra help.
Top Features
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Partnerships. The Brokers Program at Blueberry Markets is a partnership program that gives you features like lifetime rebates on preferred clients, fast payouts on rebates, and customized marketing and lead campaigns. The program is for people who have a trading community or want to leverage their current client portfolio. This partnership program is one of the best in the industry. You can join as an Introducing Broker, Affiliate, or Fund Manager, depending on your qualifications.
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Forex VPS. If you want to ensure low latency when you trade, Blueberry’s Forex VPS can help. You won’t have downtimes caused by connectivity issues, and you can execute trades in one to three milliseconds. Apply via a form on the Blueberry website, and the brokerage will contact you to talk about setting up a VPS.
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Wide Asset Range. There are over three-hundred instruments from which to choose at Blueberry Markets. These include Forex, Share CFDs, Crypto CFDs, Commodities, Metals, and Indices. This wide asset range will be attractive to traders who want a lot of variety.
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Analytic Features. Another top feature of Blueberry Markets is its analytical offerings. It provides market news and analysis, a look at the “week ahead” in the industry, an economic calendar and weekly newsletter, and information on trading hours at the various global exchanges.
There are quite a few trading and investment tools to note with Blueberry Markets. These include the broker’s educational tools, as well as Premium Trader and DupliTrade.
Educational Tools
At Blueberry Markets, there are educational resources designed to guide you through trading, from basic concepts to advanced indicators. There are three levels of Blueberry’s trading school: beginner, intermediate, and advanced. Beginners who are “venturing into Forex” can learn the basic concepts of selling and buying, while intermediate traders can learn how to level up their basic understanding. Advanced traders will be taught risk management and how to identify hidden opportunities.
Blueberry Markets also provides short how-to guides about trading on the MetaTrader platform. They give clients FAQs about MT4 and MT5, too. Finally, there are video tutorials for traders who want to expand their knowledge of trading, whether they are advanced or at a beginner level.
Premium Trader
Blueberry Premium is for high-volume traders who want instant execution and great pricing. Blueberry Premium offers tailored spreads, commissions, and pricing to create an environment that suits a specific trading style. There are advanced research and trading tools, insights, and market alerts with Blueberry Premium. To become a Premium Trader, you have to cross a Volume Per Month threshold. For Forex, commodities, and shares, this volume is $10 million notional volume (in USD).
DupliTrade
DupliTrade, as you may have guessed from the name, is a copy trading platform that allows you to automate trading using signals from expert traders. DupliTrade selects the best of the best (traders who have a track record of success and a lengthy history in the industry), and you choose from a few different strategies when setting up the platform. The interface is easy to use, and its customer support is available 24/5.
Overview
- Type of Broker OTC CFD Broker Under A Corporate Authorized Representative, Market-Maker
- Regulation & Licensing Australian Securities and Investments Commission (Australia), Vanuatu Financial Services Commission (VFSC)
- Clients Accepted from See Banned Country List: https://blueberrymarkets.com/support/who-can-apply-for-an-account/
- Assets Offered 300+ Instruments
- Platforms Available Download, Web
- Mobile Compatibility iOS, Android
- Payment Types Accepted MasterCard, Visa, PayPal, Bank Transfer, Skrill, POLi, UnionPay, FasaPay, BPay, DragonPayf
Account Types
There are two types of accounts with Blueberry Markets, and both are noted in the table a few sections below. One is a zero-commission account, where costs are built into the spread and the profit is yours to keep. The other is a raw spread account. There, a fixed commission is charged for each trade you make. The Standard and Direct Accounts, respectively, work well for traders who want traditional spread pricing or raw spreads/fixed commissions.
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Standard |
Direct |
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Features |
Commission-Free, Great for Traders Who Prefer Spread Pricing |
Best-Suited to Traders Who Prefer Fixed Commissions and Raw Spreads |
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Account Currencies |
USD |
USD |
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Available Leverage |
1:500 (Maximum) |
1:500 (Maximum) |
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Minimum Deposit |
$100 |
$100 |
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Commission Per Trade |
$0 |
$7 |
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Decimal Pricing |
Up to 5 |
Up to 5 |
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Trading Instruments |
Forex, Indices, Commodities, Shares (US and AU), Crypto |
Forex, Indices, Commodities, Shares (US and AU), Crypto |
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Min. Lot Size Per Trade |
0.01 |
0.01 |
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Spreads |
1 |
0.0 |
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Demo Account |
Yes |
Yes |
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Swap/Rollover Free |
No |
No |
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Copy Trading Support |
Yes (DupliTrade) |
Trading Platforms
- There are three platforms available with Blueberry Markets, and all are industry-standard. This broker offers MetaTrader 4, MetaTrader 5, and WebTrader to its clients. MetaTrader 4 has a lot of tools for trading, including one-click trading, instant execution, four pending order types, an in-depth history, and charts. You can also import EAs and build your own algorithms.
- MetaTrader 5 is the more advanced version of MT4, building on the same MetaTrader platform. MT5 offers six types of pending orders, 21 timeframes, 44 analytical objects, 38 technical indicators, and extremely fast order executions. Lastly, WebTrader is the platform for those who want to trade through their browser. This web-based platform offers one-click trading, monitoring, and support. You can download it from anywhere and start trading immediately.
Compliance & Regulation
Blueberry Markets is regulated by the Australian Securities and Investments Commission and the Vanuatu Financial Services Commission (VFSC).
As mentioned, Blueberry Markets is governed by ASIC and the SCB. Blueberry is a registered business under Blueberry Markets Group, which is a subsidiary of Eightcap Pty Ltd (registration number: AFSL 391441). Eightcap’s AFS Representative Number is 001245440.
Fees & Commissions
- Forex $3.5 (ASIC and SCB)
- Indices $0 (ASIC and SCB)
- Commodities $0 (ASIC and SCB)
- US Shares $2 (ASIC and SCB)
- AU Shares $0.05 (ASIC and SCB)
- Crypto $0 (ASIC and SCB)
Pricing
The cost to open a live account is $100. Should your account be inactive, it will be archived when your balance is under 50 units of its base currency and the inactivity has surpassed one month. To reactivate your account, you will have to contact Blueberry Markets’ customer support.
Reliability & Security
According to this broker, it takes fund security very seriously. In addition to its dual-body regulation, its client funds are kept segregated in trust accounts with an AA-rated bank in Australia.
User Experience
There are a few reviews to note about Blueberry Markets. These third-party reviews include:
- 55Brokers: 4.7/5
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MyFXBook: 3.7/5
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TrustPilot: 4.7/5
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NorzTrading: 4.4/5
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SAShares: 5/5
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BestInAU: 4.9/5
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Reviews.io: 4/5
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WikiFX: 4.6/10
The TrustPilot review is pretty telling, as it has an “Excellent Rating” as a verified company. 90% of clients gave Blueberry Markets the highest marks on the site, while another 7% nominated it as “Great.” According to TrustPilot, Blueberry Markets has replied to 100% of all negative reviews (not that there are many) in under two days.
Final Thoughts
There is a reason that Blueberry Markets has achieved one of the best reputations in the Australian trading industry. The broker offers a wide asset range, high tech platforms, and award-winning customer service to its tens of thousands of clients. *Maximum $300 cash refund, see offer T&Cs. **Higher leverage rates of up to 1:200 may be available to Wholesale Clients, subject to an individual assessment. Once you have created a Live Account, contact your Account Manager to verify your eligibility.
Contact Info
4/15 Blue Street, North Sydney, NSW, 2060, Australia
FAQs
Q: What do I need to open a Blueberry Markets account?
A: This broker requires you to be eighteen or older when you apply. You also need to have a government-issued photo ID or valid passport, as well as a legal residence and proof of address. The proof of address can include a bank or credit card statement, utility bill, or an additional ID card that shows your address.
Q: How long does it take to withdraw funds?
A: Blueberry Markets’ Finance Department processes withdrawals within twenty-four hours between Monday and Friday. If you withdraw money over the weekend, it will be processed that next Monday.
Q: Is there negative balance protection?
A: For a while, clients could not access negative balance protection with this broker. Now, ASIC Product Intervention keeps ASIC client safe from a negative balance. Blueberry will absorb the negative amount and credit it back to you. SCB clients also have negative balance protection.
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