abstrak：Blueberry Broker provides MT4 and MT5 trading platforms in WebTrader, desktop, and mobile versions. Trading instruments in the blueberry market include market indices for personal investment and trading options, futures, gold, silver, oil, Bitcoin, Ethereum over 40 forex currency pairs, and over 215 CFDs.
What are Blueberry Markets？
Blueberry Markets is an Australian Forex and CFD broker established in 2016 and regulated by ASIC (Australia) and VSFC (Vanuatu).
Blueberry Broker provides MT4 and MT5 trading platforms in WebTrader, desktop, and mobile versions. Trading instruments in the blueberry market include market indices for personal investment and trading options, futures, gold, silver, oil, Bitcoin, Ethereum over 40 forex currency pairs, and over 215 CFDs.
The broker enables all trading styles including trading robots, scalping, and spike trading. Copy transactions and managed account services are also supported.
Types of Accounts
Blueberry Markets supports all levels of traders with personalized account types to meet the needs of different traders. The “Blueberry Standard Account” will be traded with a 1.0 pip spread and a $ 0 fee, and the “Blueberry Direct Account” will be traded with a 0.0 pip spread and a $ 7 fee. Both account types can be traded on MT4 or MT5 platforms with unlimited demo account access and a minimum trading size of 0.01.
Standard Account: free commission forex trading
BlueBerry Direct Account – raw spreads + USD 3.5 commission rate per 100,000 units traded
Blueberry Standard Account
There are no additional costs for this trading account as they are embedded in the spread. There are no fees when using a standard account.
The minimum deposit required to open a standard account is $ 100, but the minimum transaction size allowed is 0.01 lots.
The broker offers low spreads starting at 1.0 pip on major currency pairs, giving clients access to over 300 trading products across five asset classes through two popular trading platforms (MetaTrader 4 and MetaTrader 5.t Deposit).
Blueberry Direct Account
Clients who open a direct account can see the expansion of the raw market to guarantee real-time prices as transactions take place. The minimum deposit is also $ 100. Customers will be charged a $ 7 fee. Blueberry Markets offers tight spreads directly in your account, with spreads starting at 0.0 pips.
Both Standard and Direct Accounts can use the MT4 / MT5 platform and can choose from over 300 financial products across 5 asset classes to trade.
To Open an Account
Blueberry Markets supports all levels of traders with personalized account types to meet the needs of different traders. The “Blueberry Standard Account” will be traded with a 1.0 pip spread and a $ 0 fee, and the “Blueberry Direct Account” will be traded with a 0.0 pip spread and a $ 7 fee. Both account types can be traded on MT4 or MT5 platforms with unlimited demo account access and a minimum trading size of 0.01.
Transaction costs (Spreads and Fees)
Trading transaction costs (spreads and commissions) depend on the type of live account you choose. Blueberry market spreads alone are average, but the fees are consistent with the industry standard $ 7 round turn fee rate. FCMs mark spreads on standard accounts and withdraws bidasque quotes directly from 12 Tier 1 liquidity providers on professional accounts. When it comes to total transaction costs (spreads + commissions), Blueberry Markets lags a bit behind other best brokers.
Trading Conditions: Standard Account
Like many Forex brokers around the world, traders only pay bids spreads, whereas Blueberry Markets Standard accounts have no fees. Blueberry Markets does not offer average spreads but starts at 1.0 on the EUR / USD pair.
We monitor the average spreads offered by other brokers on our website and update them monthly. In the table below you can find standard account spreads offered by other brokers.
Trading Conditions: Direct Account
Blueberry Market offers raw prices with a Blueberry Direct account. Currency Pairs, Spot Metal, Energy-Spreads start at 0.0 pips and have a transaction fee of $ 3.5 per lot.
Stock Index CFDs – Spreads start at 0.5 pips and have a transaction fee of $ 3.5 on each side.
Share CFDs – Spreads start at 1.0 with a transaction fee of $ 3.5 per side.
Like standard accounts, Blueberry Markets does not offer average spreads, but it does record average spreads for noncommissioned officer pricing accounts.
Leverage and Margin Requirements
The maximum forex trading leverage allowed for retailers depends on whether you sign up for an ASIC regulated branch of a broker in Australia or its offshore subsidiary (VFSC) in Vanuatu.
In Australia, ASICs apply a 30: 1 leverage limit on forex trading, while VFSC allows much higher leverage up to 500: 1.
Note that for certain exotic currency pairs, the maximum leverage is limited to 1: 100.
For Contracts for Difference (CFD), there are some leverage limits imposed on retail CFD products. In Australia, the maximum leverage ratios that ASIC regulatory brokers can offer retail clients are:
30:1 for major forex pairs
20:1 for minor fx pairs and Gold
10:1 for other commodities
5:1 for stocks
2:1 for cryptocurrencies
Clients are required to deposit a minimum of $500 to enjoy the maximum leverage ratios.
Trading Platforms Blueberry Markets offered
The trading platform offered by Blueberry Markets allows clients to choose from two powerful trading platforms supported on multiple devices (browser-based, desktop, mobile, and tablet) to execute their strategies.
MT4 Trading Platform Blueberry Markets MT4 comes with a full set of technical analysis tools (30 technical indicators and chart tools), offering excellent customization options. Customers also have access to thousands of online plugin tools and expert advisors For algorithmic trading. Other key features of the MT4 Trading Platform are:
Easy-to-use OneClick trading options
4 pending orders, 1 trailing stop
3 order execution modes and 9 timeframes
Access to Forex Pairs, Stock Index CFDs, Metals, Energy
Comprehensive transaction history database
Integrated guide for MetaTrader 4 and Metaquotes Language 4
Internal mail system
Full data backup and security Copy trading ability by subscribing to Forex Signals Service
Ability to set notifications
Great accessibility – The platform can be accessed from Windows desktop PCs, macOS devices, iOS, and Android-based devices, and any web browser.
The desktop PC version requires Microsoft Windows 7 SP1 or later, Intel Celeron CPU 1.7 GHz or higher, 256 MB RAM, and 50 MB of free hard disk space.
Their MT5 software provides advanced analytics and pending orders, access to more asset classes, and trading tools, allowing users to hedge their position. More specifically, Blueberry Markets MT5 allows you to trade cryptocurrencies CFDs, stock CFDs, and commodities with faster processing times and more customization features.
More specifically, the broker's MetaTrader 5 platform offers the following in terms of features and features:
Access to multiple markets-Forex, Stock Index CFDs, Equity CFDs, Metals and Energy
Support for all types of orders, including markets, limit orders, stop orders, trailing stops, etc. There are 6 pending orders on the platform
A complete suite of technical analysis tools-38 technical indicators, 44 analysis objects, 21 timeframes. Access to hundreds of custom indicators and plugins
One-click trading option.
Users can view up to 100 charts at a time
Excellet MQL5 environment for expert advisor development and backtesting
Internal mail system
Built-in economic calendar
Web Trading Features for Various Operating Systems – Windows, Mac, Linux
Mobile trading capabilities for iOS and Android
Ability to set notifications
The desktop PC version requires a Windows 7 or Windows 10 64-bit operating system and a Pentium 4 or Athlon 64 CPU or later. Other hardware requirements may vary depending on the usage of a particular trading platform (the number of active charts or trading products, and the load of the MQL5 application running).
Please note that clients cannot use the MT5 platform from their existing Blueberry Markets MT4 trading account. You need to create a Blueberry MT5 account.
Trading Market Instruments
Blueberry Markets offers a variety of products on MT4 and MT5 platforms. In total, Blueberry Markets offers over 300 financial products on the MetaTrader platform and is grouped into the following asset classes:
30 CFD Major and Minor currency pairs including AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/JPY, USD/CHF
8 CFD Exotic currency pairs such as USD/SGD, EUR/HUF, USD/MXN, USD/TRY, EUR/NOK, SGD/JPY, etc.
10 Stock Index CFDs – major global indices such as S&P 500, FTSE 100, CAC 40, Nikkei 225, etc.
3 CFD Spot Metals – XAU/USD (Gold) and XAG/USD (Silver), XPT/USD (Platinum)
2 CFD Energies – USOUSD (WTI Crude Oil) and UKOUSD (Brent Crude Oil)
CFD Shares – 197 ASX and 50 US stock shares
5 CFD Cryptocurrency – Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple
On the other hand, brokers do not offer cryptocurrency CFDs and equity CFDs on the MetaTrader 4 platform. However, clients can access 5 crypto pairs (Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple) and some Australian stocks on the MetaTrader 5 platform. In addition, the MT5 platform also covers another metal pair called the Platinum Spot (XTP / USD) against the US dollar.
Disclaimer: CFDs are a complex product and leverage carries a high level of risk. Clients need to know how these derivative products work before they can take advantage of them.
Trading Commodity Score
In this category, Blueberry Markets has only scored 7 out of 10 based on the star rating system. Active traders lack a diverse list of commodities that can be traded, limiting trading opportunities.
Minimum Deposit and Payment Methods
Blueberry Markets has a minimum deposit of $ 100 to open an account. Blueberry Markets does not charge any fees for deposits and withdrawals.
The broker allows account deposits in 9 account-based currencies (AUD, USD, CAD, GBP, NZD, EUR, SGD) and 9 different deposit methods (default deposit options and electronic wallet).
Deposit and Withdrawal Methods Supported
The following deposit and withdrawal methods are available
Credit card or Debit Card by Visa or MasterCard
PayPal – varies (in PayPal applicable countries)
Wire transfer – there may be fees depending on the bank
Skrill – the platform will charge a fee of 3%-4% (Skrill serviced countries)
POLi Payments – 0% funding fees (Australia only)
Fasapay – the provider will charge a fee of 0.5% (Indonesia only)
China UnionPay – 0% funding fees
Dragonpay – no fees (Philippines)
Neteller – varies by a bank (Global)
Tether – varies (Global except for Australia)
BPay – no fees (Australia only)
Please note that POLi payments are only available for AUD-based accounts, but Skrill is only supported for USD-based accounts. Customer withdrawal requests are typically processed within 24 hours. All they have to do is submit an online withdrawal form located in a secure client area.
Trading Education
A collection of free downloadable readings on topics covering topics such as Forex Trading Indicators, Cryptocurrency CFDs, Equity CFDs, etc. are included in their Forex library. Whether you are a beginner or an experienced person, these resources are accessible at any time of the day and are intended for traders interested in keeping detailed information in their pockets. New traders can benefit from official guides and forex concepts, as well as courses for beginners. Experienced traders looking to improve their trading skills can check out these intermediate and advanced topics.
Market News and Analysis
Market News & Analysis and Week Ahead Analysis feature daily market analysis by head currency analysts and exclusive feature articles featuring the industry's most influential people, including Managing Director Dean Hyde, Nonsense Forex, and Michael Bamber. Offers. The official Blueberry Markets YouTube channel also includes daily market analysis packed in 3-minute snippets carefully created for traders on the go. Traders can also watch an explanatory video about our platform and easily read the charts. Techniques and other topics related to trading skills.
Premium Traders
The Blueberry Market now offers Blueberry Premium Status. This status allows traders to receive even more profits on their trading accounts. Achieving Premium Trader status in the Blueberry Market means access to even lower spreads and fees. Personal account manager, expert market analysis, exclusive access to premium club hospitality events.
Regulation
Blueberry Markets is a subsidiary of Eightcap. In other words, EightCap operates under the same license as the Australian Securities and Investment Commission (ASIC). This license is AFSL391441. All BlueBerry clients in Australia are fully regulated by ASICs as required by brokers. Out-of-Australia merchants are based in Port Vila, Vanuatu, and are serviced by Eightcap Global Ltd, a company regulated by the Vanuatu Financial Services Commission (VFSC).
Blueberry Markets is an online broker that offers OTC trading products grouped into multiple asset classes. As Blueberry Markets is not a financial adviser, it “does not provide advice, recommendations or opinions” regarding CFDs and Forex Margin Trading.
The company states that it has completely separated its clients' funds from the corporate accounts of Australia's leading financial institution, National Australia Bank (NAB).
Last but not least, Blueberry Markets does not have a negative balance protection policy. This means that individual clients must adopt strict cash controls and use all available risk tools to protect their active position in the forex market.
Is Blueberry Markets Safe？
The vast majority of brokers are not properly regulated and therefore pose a high risk to their clients. Under these regulations, some brokers may be suitable for all investors, while others may not be suitable for certain traders.
There is a clear bias towards a suitable broker for all investors, as there is a higher risk of losing money (than the initial investment) when trading with an unregulated broker. However, Blueberry Markets margin trading carries a high level of risk and is not suitable for all investors.
Registered under companies – Eightcap Pty Ltd, Blueberry Markets Group, and Eightcap Global Ltd are regulated by the Vanuatu Financial Services Commission (VFSC) and the Australian Securities and Investment Commission (ASIC). Eightcap Pty Ltd and Blueberry Markets have regulated brokers registered with AFSL number 391441.
Is Blueberry Markets Available in the US？
Brokers accept clients from different countries, but not from the United States and Japan. Several other countries also do not regulate the activities of this company. There are international regulatory restrictions that prevent us from providing services in the United States. The company also notes some minor shortcomings of anti-money laundering and anti-terrorism financing measures.
FAQs
Is Blueberry Markets a good broker？
Many Blueberry Markets reviews convey positive thoughts about the service, so the simple answer is yes. From a thorough survey and a user review survey, we can also conclude that Blueberry Markets is a great broker and people need to give it a try.
Can we trade stocks in Blueberry Markets？
Yes, you can trade stocks on Blueberry Markets, as they offer 50+ US stocks to trade.
Is Blueberry Market an ECN broker？
Yes, Blueberry Market is an ECN broker.
How do I withdraw from Blueberry Markets？
To withdraw funds from Blueberry Markets, please fill out the online withdrawal form first. Will continue within 24 hours. However, it may take longer due to unforeseen circumstances.
What are Blueberry Markets deposit fees？
You do not have to pay any fees when depositing with a credit card, debit card, Poli Payment, or China UnionPay. Instead, you'll have to pay with Skrill (3% -4%) and Fasapay (0.5%). Also, for bank transfers, you need to check specific resources.
What is Blueberry Markets leverage？
The Blueberry Markets leverage is up to 1:500.
Conclusion
Overall, a review of Blueberry Markets concludes that the brokerage firm offers its clients reasonably good trading terms. The blueberry market may not be the best forex broker for active traders, but you can still trade all day using their trading platform (MT4 or MT5).
The negative effects of our review were the limited number of CFDs, the lack of proprietary trading platforms and mobile trading apps, the high markup spreads, and the lack of additional trading tools. , There is no FCA license.
Support is very responsive and responds to all queries promptly. However, the main focus of our review was the evaluation of the blueberry market's online trading services. This is not at the same level as the services of forex brokers like Pepperstone.
