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.
| Company |
– |
| Headquarter |
|
| Year of Founding |
– |
| CEO |
– |
| Website |
blueberrymarkets.com |
| Available Languages |
– |
| Customer Support |
|
| Email |
– |
| Phone |
– |
| Licence |
AFSL 391441 |
 |
| Verified by |
– |
Show More
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.
Standard Account
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.
Direct Account
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.
Professional Traders
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.
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.
MT4
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.
MT5
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.
Deposit
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.
Withdrawals
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.
Overnight fees
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.
Inactivity fees
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.
Live chat
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.
Phone call
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.
Email
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.
Help Center
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.
