Blueberry Markets Review
Trade in forex, indices, golds, oil, other commodities, shares and cryptocurrency CFDs with tight spreads and ultra competitive commission rates.
Broker: Blueberry Markets
Leverage: 1:30
Regulation: ASIC and SCB
Min. Deposit: 100 US$
HQ: Australia
Platforms: MT4, MT5
Found In: 2016
Website: blueberrymarkets.com
Blueberry Markets Licences
EightCap Pty Ltd is authorized by ASIC Australia, registration ABN: 73 139 495 944. AFSL 391441
Eightcap Global Ltd. - Authorized by SCB (Bahamas), SIAF220
What are Blueberry Markets?
Blueberry Markets, an Australian broker, is also used by EightCap, a popular larger broker. It offers transparent pricingand enables you to benefit from industry-leading technology through the best liquidity providers.
Since its inception, the broker has enjoyed a stellar reputation from traders and industry professionals. Blueberry Markets offers tight spreads, light-speed execution and tailored solutions for ambitious traders who want to be successful in long-term trading.
Overview
Blueberry Markets was founded in 2016 by Former AxiTrader executive Dean Hyde, who wanted to launch a new Retail Forex brand known for its low spreads and high level of client service.
Pros
Easy account opening
High quality trading conditions
MT4 and MT5 trading platforms
Good research tools
ECN trading environment
24/7 customer support
Cons
Limited trading instruments
Limited Country Range
Rating of the company overall
Reliability ⭐⭐⭐⭐
Platform ⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐
RATING: 4.0
Awards
Blueberry Markets also received collective recognition from industry award-giving bodies:
Australasian Startup Awards 2018: Nominee for Best Bootstrapped Startup
Finder Innovation Awards 2020 – Best Online Customer Service Finalist
Blueberry Markets: Safe or scam?
Blueberry Markets isn't a fraud. Blueberry Markets is a trading address used by EightCap, which is also a broker Blueberry Markets ,therefore, group offers a safe trading environment that focuses on low-risk Forex trading and CFD trading.
Are Blueberry Markets legitimate?
In simple words, ASIC is a license received in Australia thus Blueberry Markets is a fully legit and regulated broker that also means trustable broker, as authority constantly oversees firms activity and trading service they provide, in reverse guaranteeing your safe investment.Australian Securities and Investments Commission ('ASIC'), is also a recognized world authority that regulates Forex and the trading industry and is a custom-oriented regulator.
Blueberry Markets and EightCap meet the highest standards of financial reporting, governance, and disclosure. All funds from retail clients are kept separate from business funds in segregated bank account accounts. The broker also takes out professional indemnity insurance to provide additional protection.
Leverage
Blueberry Markets Review and Check it: Forex trading has a lot of great features. You can use leverage to increase your chances of making timely gains.
Blueberry Markets, an Australian brokerage allows high leverage ratios of up to 5%.
Maximum leverage for Forex instruments: 1:500
Clients who are residents of Australia have default leverage of 1:30
Retail traders have many opportunities, and your trading volume may increase dramatically. However, it is important to learn how to maximize leverage wisely. Unhealthy use can increase your risk and require higher margins.
Types of accounts
Blueberry Markets created two account typesin an effort to offer better trading opportunities to traders who want to trade regularly-sized trading or for beginning traders. A Standard account comes with 0$ commissions.
Their Direct account offers greater transparency, allowing you to see the raw market spread. The brokerage fees are then charged at the close of each trade.
Professional traders can trade with a professional account that offers better terms and tailor-made solutions. This is for those who have more experience or are larger traders.
How do I open an account?
You should first sign up for an account by following the instructions. You should also upload a photo of your ID and address to prove your identity. Once your account has been confirmed, you will be able to access your Client Portal, where you can manage your account and make your first deposit.
Fees
Blueberry Markets spreads offering and, as previously mentioned, Blueberry Markets fees are based on tight spread offer starting at 0.0 pips. Brokers also apply 0 Commission on a standard account, but charge higher spread for service mark-up.
Spreads
Spread-only spreads cost more than standard accounts. You will receive around 1 pip per EUR USD. This is still a great proposal.
A $7 commission fee is charged for trading with a professional account. This charge may be lower for high-volume traders. Spread is typically interbank offering 0.2 pips per EUR USD pair.
You may also see some recent spreads below.
Comparison of Blueberry Markets fees with similar brokers:
Swap
Consider overnight fees as a cost, also known as Rollover rate or interest for foreign currency trading positions that are open overnight. It is determined using the overnight interest rate, which is a difference between two currencies involved in trade currency trading.
Trade Instruments
Access to a wide range of trading instruments is also available through Blueberry ECN, including Forex and Oil and Metal commodities, Indices and Cryptocurrencies, and Australian and US Share CFDs. There are approximately 300 instruments available across the most popular and traded instruments.
Deposits and Withdrawals
You can easily transfer funds to your trading account using Visa/MasterCard or Skrill.
You can also choose a base currency that will allow for seamless transfers with no conversion fees.
Blueberry Markets Minimum Deposit
If you are applying for a Standard account that is spread-based, the minimum deposit amount is 100$. Professionals and accounts that offer tailored solutions will need to deposit 2,000$. This is a great opportunity for high volume traders.
Blueberry Markets Minimum Deposit vs Other Brokers
Withdrawals
Blueberry Markets doesn't charge any fees for withdrawals or deposits. They also offer a wide range of payment options. However, it is a good idea to check with your payment provider to see if any fees have been waived because of international money transfer policies. There may be additional charges as well as regulatory requirements regarding Withdrawals to Bank Accounts only.
How long does it take for money to be withdrawn from Blueberry Markets
The broker will usually process withdrawal transactions within 24 hours.
Trade Platforms
Next in our Blueberry Markets Review will be a description of the platforms that you will have access to the trading environment.
Web Platform
Blueberry Markets utilizes MetaTrader4 as well as MetaTrader5 the newer version of the platform. The choice is easy as the many features and tools offer the best combination for technological execution. These platforms can be used on almost all devices, including Web version, Desktop, and Mobile apps.
Desktop Platform
Both platforms are an industry standard software that offers powerful capabilities through excellent chart features, many add-ons, automated trading opportunities through live Forex Trading Room and much more.
Blueberry desktop advanced platforms also include free tools, detailed trading history, and more capabilities that are only available to Blueberry Markets traders. This is great news for professionals and beginners alike.
Mobile Platform
You can also use Blueberry Markets' mobile app that gives you full control over your orders and accounts. Apps are available for both MetaTrader versions. They can be used on any smartphone and offer push notifications, great customization and great customization.
Customer Support
Blueberry Markets has a responsive 24/7 Customer Support. They respond quickly and are able to address your concerns in a timely manner. Contact customer service via email, live chat, telephone lines, or by submitting a contact form.
Education
Blueberry Markets provides daily Forex market updates to their clients via their YouTube channel with the assistance of Jonathan Kibbler, our Head Currency Analyst. Their trading blog is also updated daily and can be accessed via their website.
Bluberry Markets supports only high-quality research tools that are built into platforms and free to use. You can also copy trade to get trading ideas.
Conclusion
Blueberry Markets Review: We admit safe broker for trading with. This is also in accordance with Australian laws and competitive pricing. Blueberry Markets offers a balanced approach to trading, support, and environment that we appreciate. It may also be beneficial for experienced and beginning traders in achieving long-term trading success.