Blueberry Markets Review 2019

Blueberry Markets is an online broker based in Australia offering 50+ instruments on the MT4 platform. They offer ECN and commission free accounts. Whilst there is a free VPS, trading tools and educational materials are sparse when compared to some other online brokers.

Pros / Cons
  • Regulated
  • Segregated client funds
  • Commission free trading
  • Free VPS
  • No US clients
  • No cryptocurrencies
  • Limited trading tools
  • Limited educational material

In this detailed Blueberry Markets review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Blueberry Markets is not ranked in our best forex brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Blueberry Markets.

Blueberry Markets Review: Summary

Blueberry Markets is an Australian ECN broker offering online trading to clients worldwide. They provide a range of 50+ tradeable instruments on multiple asset classes including Forex, Commodities, Indices, Metals, Energies & CFDs.

Blueberry Markets offer tight spreads starting from just 0 pips on the Raw ECN Account, competitive commission fees and leverage of up to 1:500. Clients can open an account with a minimum $100 deposit and choose from 5 convenient funding methods.

Liquidity is aggregated from 12 tier 1 banks and ECNs to provide real time pricing. They implement a complex and robust infrastructure that incorporates innovative trading technologies to ensure that trades are executed quickly and spreads remain as tight as possible.

Blueberry Markets Review: Broker Features

Blueberry Markets Review: Broker Features

Blueberry Markets believe in offering long term value and work alongside clients to help them prosper and become successful. Professional account managers are on hand to assist day and night.

The founder of Blueberry Markets states “I founded Blueberry Markets because I love seeing clients succeed and wanted to help make that happen. We’ve built a platform that encourages that success. The goal of Blueberry Markets is to have the most profitable traders in the industry.”

Blueberry Markets Review: Regulation

The Blueberry Markets Group is a trading name of Eightcap Pty Ltd. Eightcap is regulated by the Australian Securities & Investments Commission (ASIC) with AFSL number 391441.

As a regulated entity, Blueberry Markets must abide to the highest standard of Australian corporate governance, financial reporting and disclosure.

Client funds are held away from company funds in a segregated trust account at National Australia Bank (NAB). This helps to ensure that client funds cannot be used for any other purposes.

Blueberry Markets Review: Countries

Blueberry Markets accept clients from around the globe apart from a few countries including the USA and Japan due to regulatory constraints or Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF) deficiencies. Some Blueberry Markets broker features and products mentioned within this Blueberry Markets review may not be available to traders from specific countries due to legal restrictions.

Blueberry Markets Review: Trading Platforms

Blueberry Markets provide one of the most popular trading platforms, MetaTrader 4 (MT4). MT4 is developed by Russian software company MetaQuotes. It is free to use and available for desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).

Blueberry Markets Review: Trading Platforms

Blueberry Markets Review: Trading Platforms

MetaTrader (MT4) Platform

MT4 is used worldwide by millions of traders of all skill levels. It has a user-friendly interface and wide variety of trading tools including 30+ built in technical analysis indicators, 23 analytical objects and support for automated trading with expert advisors (EAs).

The MT4 MetaEditor allows you to code your own custom indicators and EAs in the MQL programming language. There is a strategy tester that can back test EAs over historical data downloaded directly from the broker.

Other MT4 features include real time price quotes in the market watch window, 9 timeframes, multiple chart and order types, one-click trading, notification alerts, templates, marketplace with thousands of additional tools and much more.

The web version of the MT4 platform can run directly in most modern web browsers without needing to install any additional software. The mobile app is useful for those who wish to access their trading account and trade whilst on the go from anywhere in the world with an internet connection. It is available for download on both Android and iOS devices from the relevant app stores.

Blueberry Markets Review: MetaTrader 4 (MT4)

Blueberry Markets Review: MetaTrader 4 (MT4)

Blueberry Markets Review: Trading Tools

Blueberry Markets do not offer any standalone trading tools although eligible clients can apply for a free VPS.

Virtual Private Server (VPS)

Blueberry Markets offer a free VPS to clients who trade a minimum volume of 10 lots per round turn in a calendar month. A VPS is useful as it enables you to run the trading platform 24/7 without needing your own computer switched on. This can be useful for traders who need to run automated trading systems around the clock and those who want latency of 1 millisecond to the Blueberry Markets trade servers. The VPS has an 100% uptime guarantee and comes with 24/5 technical support via live chat and email.

Blueberry Markets Review: Virtual Private Server (VPS)

Blueberry Markets Review: Virtual Private Server (VPS)

Blueberry Markets Review: Education

At this time Blueberry Markets currently do not offer any educational materials. As a relatively new broker, this may change over the coming years.

Blueberry Markets Review: Trading Instruments

Blueberry Markets offer over 50+ trading instruments in multiple markets including Forex, Commodities, Indices, Metals, Energies & CFDs.

Blueberry Markets Review: Trading Instruments

Blueberry Markets Review: Trading Instruments

Forex currency pairs include majors such as the EURUSD & GBPUSD along with minor and exotic crosses. Some of the most popular indices are available including the AUS200, UK100, GER30, JPN225, SPX500, FRA40, EUSTX50 and US30. They also offer online trading on spot Gold (XAU/USD) and Silver (XAG/USD) whilst there are two grades of oil (WIT & Brent) available for trading.

Blueberry Markets Review: Trading Accounts & Fees

Blueberry Markets offer two main account types; standard and professional. They aggregate price feeds from a variety of different liquidity providers which allows for tight spreads and good execution. The spread the client trades on will depend on the type of trading account that they choose to open. Demo accounts are available to test the different platforms and conditions before opening a real account.

Blueberry Markets Review: Account Types

Blueberry Markets Review: Account Types

Standard Account

On the standard account spreads start from 1 pip and there is no commission charged as broker costs are included within the spread. The minimum deposit required for this account type is $100. It has a minimum position size requirement of 0.01 lots and has access to all trading instruments on the MT4 platform.

Professional Account

The Raw ECN professional account has spreads starting from 0 pips with a competitive $7 commission charged per standard lot, per round turn. The minimum deposit required for this account type is $1,000. It has a minimum position size requirement of 0.01 lots and has access to all trading instruments on the MT4 platform.

As broker fees can vary and change, there may be additional fees that are not listed in this Blueberry Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a Blueberry Markets broker account for online trading.

Blueberry Markets Review: Customer Service

Blueberry Markets provide clients with first class customer service that is available 24 hours a day, 5 days a week. Support is very responsive and available via phone, email and online live chat.

Blueberry Markets Review: Deposit & Withdrawal

Blueberry Markets have a variety of convenient methods for depositing and withdrawing funds to and from your trading account. This includes bank wire, credit card and online payment systems such as Skrill. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.

There are no fees for withdrawals, subject to terms and conditions. Withdrawal requests can easily be made via the withdrawal form from within the secure client area and are processed within one business day or less. Bank transfers may take a few business days to clear whilst some methods can be instant. In the case of unforeseen circumstances, withdrawals may take longer.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. All funds deposited into your trading account must be under the same name as your Blueberry Markets trading account. Blueberry Markets strictly does not accept third-party payments.

Accounts can be opened in AUD, USD, CAD, GBP, NZD, EUR, SGD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Blueberry Markets Review: Funding Options

Blueberry Markets Review: Funding Options

Blueberry Markets Review: Account Opening

There is a short online form to complete in order to open a Blueberry Markets account. Applicants will need to provide a proof of ID such as a copy of a valid passport and a document for proof of address such as a utility bill. This is a normal part of the Know Your Client (KYC) process. The proof of address document must be no older than 3 months and clearly show the name and address of the applicant. Once your documents have been verified by a member of the accounts team, you will be able to fund your account using any of the convenient payment options and can then commence trading.

Blueberry Markets Review: Account Application Form

Blueberry Markets Review: Account Application Form

Blueberry Markets Review: Conclusion

Blueberry Markets is an Australian owned and regulated online brokerage offering the popular MT4 trading platform for trading 50+ instruments. They offer a choice between commission free accounts with a marked up spread or an ECN account with a tighter spread and competitive commission charge. Whilst trading conditions are good, there are a lack of trading tools and educational materials provided. However, they do offer a free VPS to eligible clients and have convenient funding methods. In addition to this, they are client focused with a very efficient support team.

Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Blueberry Markets, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment).

Min $100 Deposit

Blueberry Markets is an online broker based in Australia offering 50+ instruments on the MT4 platform. They offer ECN & commission free accounts. Whilst there is a free VPS, trading tools & educational materials are sparse.