Blueberry Markets Review 2024 - Investing.com (2024)

Pros

• Demo Account Available
• High-Tech Platforms
• Wide Range of Research/Education Tools
• Easy account opening
• ECN trading environment
• Good education resources
• Supports multiple currencies
• 24/7 customer support
• Cover any potential losses up to 20% on your initial deposit*
• Low cost trading with a commission-free account**
• Access to raw spreads on Direct account
• Dedicated account manager and online support 24/7

Cons

• Limited Country Range

• Partnerships. The Brokers Program at Blueberry Markets is a partnership program that gives you features like lifetime rebates on preferred clients, fast payouts on rebates, and customized marketing and lead campaigns. The program is for people who have a trading community or want to leverage their current client portfolio. This partnership program is one of the best in the industry. You can join as an Introducing Broker, Affiliate, or Fund Manager, depending on your qualifications.

• Forex VPS. If you want to ensure low latency when you trade, Blueberry’s Forex VPS can help. You won’t have downtimes caused by connectivity issues, and you can execute trades in one to three milliseconds. Apply via a form on the Blueberry website, and the brokerage will contact you to talk about setting up a VPS.

• Wide Asset Range. There are over three-hundred instruments from which to choose at Blueberry Markets. These include Forex, Share CFDs, Crypto CFDs, Commodities, Metals, and Indices. This wide asset range will be attractive to traders who want a lot of variety.

• Analytic Features. Another top feature of Blueberry Markets is its analytical offerings. It provides market news and analysis, a look at the “week ahead” in the industry, an economic calendar and weekly newsletter, and information on trading hours at the various global exchanges.

There are quite a few trading and investment tools to note with Blueberry Markets. These include the broker’s educational tools, as well as Premium Trader and DupliTrade.

Educational Tools

At Blueberry Markets, there are educational resources designed to guide you through trading, from basic concepts to advanced indicators. There are three levels of Blueberry’s trading school: beginner, intermediate, and advanced. Beginners who are “venturing into Forex” can learn the basic concepts of selling and buying, while intermediate traders can learn how to level up their basic understanding. Advanced traders will be taught risk management and how to identify hidden opportunities.

Blueberry Markets also provides short how-to guides about trading on the MetaTrader platform. They give clients FAQs about MT4 and MT5, too. Finally, there are video tutorials for traders who want to expand their knowledge of trading, whether they are advanced or at a beginner level.

Premium Trader

Blueberry Premium is for high-volume traders who want instant execution and great pricing. Blueberry Premium offers tailored spreads, commissions, and pricing to create an environment that suits a specific trading style. There are advanced research and trading tools, insights, and market alerts with Blueberry Premium. To become a Premium Trader, you have to cross a Volume Per Month threshold. For Forex, commodities, and shares, this volume is $10 million notional volume (in USD).

DupliTrade

DupliTrade, as you may have guessed from the name, is a copy trading platform that allows you to automate trading using signals from expert traders. DupliTrade selects the best of the best (traders who have a track record of success and a lengthy history in the industry), and you choose from a few different strategies when setting up the platform. The interface is easy to use, and its customer support is available 24/5.

There are two types of accounts with Blueberry Markets, and both are noted in the table a few sections below. One is a zero-commission account, where costs are built into the spread and the profit is yours to keep. The other is a raw spread account. There, a fixed commission is charged for each trade you make. The Standard and Direct Accounts, respectively, work well for traders who want traditional spread pricing or raw spreads/fixed commissions.

Blueberry Markets is regulated by the Australian Securities and Investments Commission and the Vanuatu Financial Services Commission (VFSC).

As mentioned, Blueberry Markets is governed by ASIC and the SCB. Blueberry is a registered business under Blueberry Markets Group, which is a subsidiary of Eightcap Pty Ltd (registration number: AFSL 391441). Eightcap’s AFS Representative Number is 001245440.

There are a few reviews to note about Blueberry Markets. These third-party reviews include:

• 55Brokers: 4.7/5

• MyFXBook: 3.7/5

• TrustPilot: 4.7/5

• NorzTrading: 4.4/5

• SAShares: 5/5

• BestInAU: 4.9/5

• Reviews.io: 4/5

• WikiFX: 4.6/10

The TrustPilot review is pretty telling, as it has an “Excellent Rating” as a verified company. 90% of clients gave Blueberry Markets the highest marks on the site, while another 7% nominated it as “Great.” According to TrustPilot, Blueberry Markets has replied to 100% of all negative reviews (not that there are many) in under two days.

Q: What do I need to open a Blueberry Markets account?
A: This broker requires you to be eighteen or older when you apply. You also need to have a government-issued photo ID or valid passport, as well as a legal residence and proof of address. The proof of address can include a bank or credit card statement, utility bill, or an additional ID card that shows your address.

Q: How long does it take to withdraw funds?
A: Blueberry Markets’ Finance Department processes withdrawals within twenty-four hours between Monday and Friday. If you withdraw money over the weekend, it will be processed that next Monday.

Q: Is there negative balance protection?
A: For a while, clients could not access negative balance protection with this broker. Now, ASIC Product Intervention keeps ASIC client safe from a negative balance. Blueberry will absorb the negative amount and credit it back to you. SCB clients also have negative balance protection.