We test the latest trading providers on a daily basis
We test the latest trading providers on a daily basis
Ever since Alexander got his first stock savings account, he’s also taken a keen interest in the financial markets. Now a full time writer and contributor to TradersBest.com, he uses his experience in the world of finance on a range of different topics, from investment strategies to reviews of new brokers.
Blueberry Markets Review Australia 2022
Is Blueberry Markets Safe & Legit?
Forex trading is one of the most popular financial markets, giving you plenty of options when it comes to finding online brokers. However, not all online brokerages offer the same level of services, so it’s always worth taking a look around to see which provider is best suited to your needs. We created this Blueberry Markets review to help you decide if they’re a suitable choice for you.
At TradersBest.com, we have a specialised team that focuses on the financial markets and are highly skilled at trading. We know a thing or two about reliable brokers and what to avoid in the market.We’re pleased to report that there’s absolutely no Blueberry Market scams in this detailed review—just a trusted and reliable provider offering a comprehensive trading platform for all your forex needs.
Offers and New Customer Experience - Free demo account for all users
It is quite straightforward to open an account with Blueberry Markets. They have different account types suited to different trading skill levels, but the process is quick and can be done in under five minutes. You need one of two requirements to open an account, either two photo IDs like a drivers license and passport. Or one photo ID and one proof of address. Once those are verified, Blueberry Markets will ask a series of security questions to make sure you are who you say you are, and you can start trading.
You also get the option of using their free demo account. All reliable brokers should have a demo account to allow you to practice your techniques first. You are given $50,000 in virtual funds to play within this risk-free account. Once you’re ready, you can switch to a live account and transfer your skills onto the real thing.
Usability - Streamlined design
Our Blueberry Markets review shows that the platform is relatively simple to use for traders of all skill levels. The online site is easy to navigate and uses the advanced MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as available trading platforms. These platforms make trading easier for users, particularly MT4 if you decide to trade forex, as it has the tools and equipment designed to improve the Blueberry Markets experience and rating.
Year of Founding
Accounts - Open an account in under five minutes
In our Blueberry Markets review, we found that there are two main account types, the standard and the direct account, in addition to a demo account that allows users to practice their trading techniques for free.
The standard account starts with a deposit of $100 and offers trading with zero commission rates. You get tight spreads from 1.0 pips, as we found in this Blueberry Markets review. The broker’s costs are built from spreads once you start trading into profitable positions. The standard account is available on two of the most popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms give users access to many trading instruments and technical analyses. In addition, if you’re a new trader, you can benefit from the trading guides too.
The direct account is suited to more advanced traders. Like the standard, you will need a minimum deposit of $100. However, there are commission costs of $7 from 0.0 pips spreads. The broker’s costs are charged after successful trades are completed. The direct account also offers its users more transparency when trading, so you can monitor the market spread. You will also be able to use MT4 and MT5 with this account, as their functionalities work well with more advanced trading techniques.
If you consider yourself a pro, you may also think about opening a professional trading account. It offers better conditions and advanced resources for traders who have more significant investments.
Trading Platforms - MT4 and MT5 approved
As mentioned in this Blueberry Markets review, the broker uses both popular platforms, MetaTrader 4 and MetaTrader 5. You can access these on the web trader, the desktop version and the free to download mobile apps.
The MT4 platform is one of the most reliable and sought after trading platforms on the market. It is known for its easy to use interface and ‘one-click trading options. If you’re more advanced, you have the option to use automated trading systems that use AI technology to execute successful trades. In addition, you have access to an impressive financial market database that is ideally for forex traders but can be transferred to other markets. There is a full set of technical analysis tools and resources and support on your orders.
The MT5 platform is the upgraded version of MT4. It isn’t as popular as MT4, but it offers more advanced features and access to more trading tools. This platform is an excellent choice for users who want more from their trading experience. Unlike MT4, this platform is not just for forex trading but other financial markets like stock, CFDs and cryptocurrencies.
Trading Payments - Rapid transaction processing times
In this Blueberry Markets review, we looked at what methods you can use to deposit and withdraw funds into your accounts, which we included below.
At Blueberry Markets, there are no deposit fees when using your account. You can use several payment methods to transfer funds into your account, including debit or credit cards, PayPal, bank account transfers, or electronic wallet transfers. The processing time is instant for most of these methods, including debit or credit cards which is the preferred choice. The longest processing time is bank transfers which can take up to 2 business days.
Once you’ve chosen your base currency, you may not be able to change it. Still, if you’re diversifying your portfolio, Blueberry Markets offers a seamless transfer to another currency without a conversion fee. There is a minimum deposit of $100 which is relatively low compared to other online brokers, ideal for traders who want to start with small investments.
Similar to depositing funds, withdrawals don’t charge any fees to your account. You can use the same payment methods to withdraw funds, and typically, the processing time can take an average of one to three business days. It’s a good idea to check your payment provider for any hidden fees, but Blueberry Markets is very transparent with what they do and don’t charge.
Fees – Offers low fees
Blueberry Markets is a popular broker, and one of the reasons we discovered in this Blueberry Markets review was its low fees.
Deposit or withdraw for free
Like many brokers, they don’t charge deposit or withdrawal fees which is great if you want to transfer a small amount of money or a more significant sum. As mentioned, if you have a standard account, you will not have to pay commission fees, but as a result, there will be higher spreads. On the other hand, the direct account does charge commission fees, but a lower spread is offered.
You may be charged overnight fees (or swap fees) if you decide to hold your position for more than one day. The swap fees are determined by the interest rate of the broker and the asset position you are holding. If you follow day trading techniques, you don’t have to worry about these fees. But if you want to keep monitoring a position for a few days or longer, it’s a good idea to consider the interest rate will affect your balance.
If you’re not on the account for a certain amount of time, the account may be archived, which means temporarily out of use until you log back in. Like other prominent online brokers, there is a possibility you may be subject to an inactivity fee if you don’t use your account in the standard 90 days. But it is a good idea to double-check the terms and conditions when you sign up to Blueberry Markets.
Customer Service - Around the clock customer support
When researching the customer service of Blueberry Markets, we found that they offer a very dynamic approach to their customers. They’ve earned a good reputation for having a highly responsive team through different support options, including a live chat, phone line, email correspondences, and a help center.
The live chat offered is available to users 24/7. Responses are almost instant, which is great for traders who want something dealt with in real-time. It’s also a service that is open to non-users who may want to know more about the broker before opening an account.
If you prefer to speak to someone over the phone, this option is also there. However, Blueberry Markets phone numbers are only available in their office locations in Australia and the Bahamas. If you’re in another location, you may be stuck with international calling charges.
If you don’t mind waiting a bit longer for a response, there is always an email option for customers. They aim to respond as quickly as they can, and you may get a more in-depth answer.
The help center is excellent as it provides users access to a FAQ portal. The portal is split into different categories depending on what your query is. It provides links to articles that answer more generic questions in more detail.
Regulation and Deposit Insurance - Heavily regulated online broker
Our Blueberry Markets review found that they are under the same Eightcap license in Australia as the ASIC (Australian Securities and Investments Commission). Meaning they have complete regulatory protection that ASIC requires a broker to provide. The regulation means customers are protected against any fund or security-related issues.
If you trade outside of Australia, like in South Africa, this is licensed by Eightcap Global Ltd. A financial entity based in Port Vila, Vanuatu and regulated by the VFSC (Vanuatu Financial Services Commission). In addition, whether you’re trading forex or Blueberry Markets crypto, your funds are protected.
Additional Features - What is Blueberry markets customer aim?
Since its creation in 2016, Blueberry Markets has accumulated over 20,000 users worldwide who reach and excel past their financial potential. Founded in Australia by Dean Hyde, he takes pride in trading and giving the best experience to the customers.
Our Blueberry Markets review discovered that the platform is always evolving and developing to keep up with the constant changes of all things financial. More work is being done to elevate the user experience and make the money work for them with a high level of client service and a fantastic range of global markets to trade with.
Blueberry Markets Forex
Trade Offer - Several forex assets available
There are several tradable assets to choose from that we discovered in our Blueberry Markets review including, AUD/CAD, AUD/JPY and AUD/USD. Once you decide to open an account with them, you will have access to the forex market and a free forex VPS that allows you to execute trades on high-performance servers efficiently.
Trading Costs - Minimum deposit of $100
To open a forex account, you will need to deposit a minimum of $100. There you will have access to trading tips and guides available on the platform. You don’t have to pay any deposit or withdrawal fees when handling your funds. Standard accounts start with zero commissions, where spreads start from 1 pip. In contrast, a direct account has spreads starting from 0.0 pips at a commission rate of $7.
Trading Conditions - Trade using MetaTrader 4
Blueberry Markets uses the prominent MetaTrader 4 and MetaTrader 5 on this platform. It allows you to discover which forex trading techniques work for you and gives you the option to trade on the go. It also allows you to dabble into automated trading depending on your skill level. Our Blueberry Markets review also revealed the platform has a demo account to help you make decisions before using real money.
Product Summary - Excellent for forex trading
Overall, our Blueberry Markets review shows that it is an excellent platform for forex trading. It offers competitive rates and tight spreads, which are perfect for traders of varying skill levels. The platform also has a demo account to let you practice your technique before spending real money so that you can ease yourself into the trading experience.
Blueberry Markets Highlights
Blueberry Markets is globally regulated
Traders can process withdrawals within 24 hours
Offers competitive spreads from 0.0 pips
Go to Blueberry Markets
Blueberry Markets CFD
Trade Offer - Over 300 worldwide stocks
If you decide to trade CFDs with Blueberry Markets, you will have access to over 300 stocks available worldwide. You can choose from Blueberry Markets different account types, depending on how experienced a trader you are. The standard or the direct, and you also can use the demo account to practice for free.
Trading Costs - Competitive spreads
There is a minimum deposit of $100 to open your Blueberry Markets account. Both the standard and direct accounts offer competitive spreads, a popular choice out of the platforms available on the market.
Trading Conditions - 5:1 maximum leverage
In our Blueberry Markets review, we found that when you’re trading share CFDs, you’ll have a fixed 5:1 maximum leverage. There is a minimum trade size of 0.01 lot and freedom to trade several stocks in the market simultaneously. You can trade CFDs on the advanced MetaTrader 5 platform.
Product Summary - A fantastic selection of CFDs
Overall, we recommend using Blueberry Markets to trade CFDs. Their advanced MetaTrader 5 platform gives traders the freedom to try their trading techniques and successfully execute trades. You have the option to trade many popular stocks worldwide and choose which is suitable for you.
Blueberry Markets Highlights
Trading CFDs can diversify your portfolio
Low commission rates
Uses advanced MetaTrader 5 platform
Go to Blueberry Markets
Blueberry Markets Review FAQ
🔒Is Blueberry Markets safe?
Our Blueberry Markets review looks at how the platform has grown from its creation in 2016 to now. It has reputable regulations and is a favourable choice. Its popularity is down to its continuous efforts to improve the platform for traders of all skill levels. There are also many tools and resources available that make it stand out from other online brokers as one to watch. Why not take a look at our latest review to see if it is the ideal brokerage for you?
🌍Can I use Blueberry Markets in Australia?
The forex market is worldwide and can be traded by individuals in various locations. Blueberry Markets ensure you get access to the most advanced features and trading platform no matter where you decide to trade. To discover where this broker is available to trade, take a look at our Blueberry Markets review.
💲Can I make money on Blueberry Markets?
Blueberry Markets aim to put the customers trading experience first. The platform is designed to work with the user and improve their trading strategies while developing their understanding of the financial markets. Check out our Blueberry Markets review to see the key reasons why over 20,000 clients use this broker to go above and beyond their investment and financial goals.
Overall Conclusion - A platform that improves your trading experience
Overall, we think Blueberry Markets is an excellent choice for traders of all skill levels. If you’re new to the world of trading, you can learn the ins and outs of the forex and other financial markets and practice your trading skills while you do. To improve your techniques, you need to dedicate enough time and effort, but the simple layout and design of the platform make the experience a lot better. They also have a demo account that allows all users to practice their skills before spending real money, which is also an advantage.
Our Blueberry Markets review mentions their use of both MT4 and MT5 as reliable trading platforms. These platforms will help you on your trading journey as they’re equipped with the latest technology and resources to find more successful moments in the market to execute trades and generate returns. We recommend giving Blueberry markets a go and see how your trading experience develops.
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Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.