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Blueberry Markets Review - Deposit, Withdrawal, Regulation

Blueberry Markets Review - Is Blueberry a good forex broker?

RATING: 3 / 2 REVIEWS ForexBrokerz Blueberry Markets

Trading accounts


Account type Minimum deposit  Minimum trade size  Maximum leverage   Average Spread 
Standard  $100  0.01  1:500  1.1 pips on EUR/USD
Professional (ECN) $2 000  0.01  1:500  0.1 pips on EUR/USD + $3.50 commission per lot (per side)


Blueberry Markets offers two account types: Standard & Professional (ECN). Both are accessible with just $100 initial deposit, offer leverage up to 1:500 and micro tradable lots. The difference between them is that the Standard account is commission free, while the Raw ECN one offer significantly lower spreads due to the ECN environment, and involvs a commission.


The Company. Security of Funds


Blueberry Markets is a newly-established NDD broker that strives to provide low spread and a high level of client service in order to allow its clients freedom to focus on their trading.

It offers online trading in a number of currency pairs and various CFDs on some of the most popular platforms in the forex industry, and serves institutional and retail clients alike. 

The company is formed by former AxiTrader executive Dean Hyde. Blueberry Markets is an Authorized Representative of EightCap Pty Ltd., which operates the EightCap forex broker. It is licensed by the Australian Securities and Investments Commission (ASIC) in Australia.

Australia has become a famous forex hubs due to the favorable conditions for both brokerages and traders: the FIFO rule is not applicable, and there is no leverage cap. In order to ensure the security of the financial services sector, however, ASIC applies certain rules and requirements to license holders. These include the minimum capital requirements and the clients’ money rule: Client funds must be kept in segregated trust accounts (separated from the companies operating funds), and forex brokers must hold at least $ 1 million as a proof of good financial standing. What is more, client funds must be kept in segregated accounts and regulated entities have to report to the commission on a regular basis.

Probably the most important ommission in the Australian FX broker regulation, is that it does not include a compensation scheme in case a licensed company becomes insolvent. 

For more ASIC-regulated brokers, click here.

Trading Conditions

The trading conditions offered by Blueberry Markets appear to be quite good: $100 minimum initial deposit and leverage levels up to 1:500 provided, plus tight spreads. In comparison, AxiTrader, which is regulated by both ASIC and UK's FCA, also provides leverage up to 1:400, and has set no minimum initial deposit requirement. 

Average Spreads & Commissions
Blueberry Markets offering competitive variable spreads. The ones on its on its commission-free account are floating around o 1.1 pips for the EUR/USD pair, which is a good offer. Spreads on the ECN account are dramatically lower, starting from 0.0 pips, the typical ones on the EUR/USD being around 0.1 pips. If we add the commission applied ($7 round turn), average trading costs per lot for this currency pair amounts to 0.8 pips.


In comparison, AxiTrader offers spreads averaged 0.2 pips on EUR/USD + commission $3.50 per standard lot per side on its ECN accounts, while the typuical spreads on its commission-free accounts amount to 1.2 pips for this pair. For further information, you may check out and compare real-time spreads of 15 leading brokers here

Trading Platforms

With this broker investor can trade forex, commodities and indices CFDs through the most popular MetaTrader 4 (MT4) platform, its newes version the MetaTrader5, as well as Webtrader.

The MT4 and MT5 are well-known to most traders. They provide all the tools and resources a trader needs: a number of built-in technical indicators, advanced charting package, wide range of customizable Expert Advisers (EAs) and extensive back-testing environment. EAs allow full automatization of trades, so traders may sit back and let the program do all the work. Besides, the MT5 also allows trading in exchange-traded stocks.


VPS Hosting is also available with Blueberry Markets. VPS is a hosted server that allows MetaTrader 4 terminals to run seamlessly, 24 hours a day whilst the FOREX Market is open. This is particularly useful for those who use automated trading strategies (Expert Advisors).

What is more, Multi Account Manager service are also offered through the MT4 by this broker. The Multi Account Manager (MAM) tool is integrated MT4 platform and allows the trader (money manager) to place one trade which is duplicated across linked accounts.


The broker has also made some extra tools and features availavle to its clients: Autochartist - a market scanner, based on support and resistance levels, which also includes performance statistics on previous forecasts; FX Navigator powered by TraderMade - a subscription-based charting tool and technical analysis workstation. 


Besides, clients of Blueberry Markets are able to select among several advanced social trading options: Myfxbook Autotrade, Signal Trader and ZuluTrade.


By the time of writing this review, Blueberry Markets offers a Refer-a-friend bonus. If an existing client refers a new trader that deposits more than AUD $1000 (or equivalent) and trades at least 5 standard FX lots, the broker will deposit AUD $100 (or equivalent) into the trading account of the referring client.

Methods of Payment

Blueberry Markets offers its clients a variety of deposit/withdrawal methods, including credit/debit card, wire transfer, POLi and Skrill, among others.


Blueberry Markets is a reliable and well-regulated NDD broker, offering competitive trading conditions for trading in currency pairs and CFDs. To sum things up, here are the advantages and drawbacks with regards to this broker:


Pros  Cons
ASIC-regulated No significant disadvantages
Low spreads  
NDD trading model   
MT4 & MT5 available  
Dark pool liquidity & fast execution  
Good customer service   


Latest news about Blueberry Markets
No news about Blueberry Markets . Check back later.
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Traders` reviews for Blueberry Markets
















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One of my best broker

I joined blueberry Markets few weeks ago,Ben Clay is my account manager,he makes things easy for me from the first day of opening account until I funded it,he also check on me when I took more than four days without opening a trade just to make sure wether I am okay or struggling with something.This broker is one of the best,small spreads and fast execution. I really feel that my capital is very safe here at this broker. I can see that by the time I need withdrawal;it won’t be an issue. I wish I knew this broker from the start, I feel free to recommend it to any forex trader who need a professional broker.

Takalani Nethwadzi 09/10/2019

commplicated broker

they are requesting ID confirmed by the third person
just weird

johny 07/25/2018
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