Are you considering trading with Blueberry Markets, a forex and CFD broker based in Australia? With a range of trading instruments and platforms, Blueberry Markets offers a comprehensive trading environment for both beginners and experienced traders. But is it the right choice for you? In this review, we’ll delve into the details of Blueberry Markets, examining their trading platforms, fees, and more to help you make an informed decision.
Blueberry Markets is an Australian forex and CFD broker that has been operating since 2016. The broker offers a wide range of trading instruments, including over 60 currency pairs and more than 1000 CFDs on indices, shares, futures, metals, and cryptocurrencies. Blueberry Markets provides access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), allowing traders to utilize various tools and features for their trading strategies.
Overview of Blueberry Markets
Blueberry Markets is an Australian forex and CFD broker established in 2016. The broker offers a wide range of trading instruments, including over 60 currency pairs and more than 1,000 CFDs on indices, shares, futures, metals, and cryptocurrencies. Blueberry Markets provides access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are available as WebTrader and desktop/mobile versions. These platforms allow traders to utilize various tools and features for their trading strategies, including trading robots, scalping, and spike trading. Additionally, Blueberry Markets supports both Copy Trading and managed account services.
The broker is regulated by the Australian Securities and Investments Commission (ASIC) under the Australian Financial Services License (AFSL) number 391441. It is also registered with the Vanuatu Financial Services Commission (VFSC) under license number 700697. This dual regulation ensures that client funds are segregated and protected, providing a higher level of security for traders.
Blueberry Markets offers a variety of trading services, including fast executions, low FX spreads, and competitive swap fees. The broker provides comprehensive market news and analysis, economic calendars, and trading hours information to help traders stay informed and make well-informed decisions. The company also offers a structured Trading Program divided into beginner, intermediate, and advanced levels, as well as video tutorials on their YouTube channel to enhance trading skills.
Overall, Blueberry Markets is a reputable broker that offers a comprehensive trading environment with a range of trading instruments, platforms, and educational resources. The dual regulation and commitment to customer support make it a reliable choice for both new and experienced traders.
Trading Platforms
Blueberry Markets offers two popular and widely used trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are available as desktop applications, web-based versions, and mobile apps, providing traders with flexibility in accessing their accounts from various devices.
MetaTrader 4 (MT4)
MT4 is an advanced trading platform that offers a range of features and customization options. It supports one-click trading, quick order execution, and various pending order types and trailing stops. The charts are fully customizable and provide in-depth trading history. MT4 also allows traders to build their own algorithms or import Expert Advisors (EAs) for automated trading.
MetaTrader 5 (MT5)
MT5 is a multi-asset trading platform that enables trading in forex, indices, commodities, cryptocurrencies, and stocks from a single account. It offers six types of pending orders, a wide range of technical indicators and analytical objects, quick order execution, and customizable platform options. MT5 also provides features such as an economic calendar, copy trading, and virtual hosting.
Features and Tools
Both MT4 and MT5 platforms offer a feature-rich environment with tools for analysis, customization, and automation. Some of the key features include:
- Customizable charts and indicators
- Automated trading capabilities through EAs and scripts
- Full suite of alerts and risk management tools
- Free demo account with virtual funds for practice
- Accessible on various devices, including desktop, web, and mobile
The platforms provide traders with the necessary tools to analyze the markets, implement their trading strategies, and automate their trading processes. The customization options allow traders to tailor the platforms to their specific needs and preferences, enhancing their overall trading experience.
Account Types
Blueberry Markets offers two types of trading accounts: the Blueberry Standard Account and the Blueberry Direct Account. Both accounts have a minimum deposit requirement of $100 and provide access to over 300 tradable instruments.
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Blueberry Standard Account
The Blueberry Standard Account has the following features:
Minimum deposit and spreads
- Minimum deposit: $100
- Spreads starting from 1.0 pips
No commission charges
- No commission fees for trades
- Costs are already included in the spread
The Blueberry Standard Account is suitable for traders who prefer traditional spread pricing. It allows them to keep all their profits, as the costs are already factored into the spread.
Blueberry Direct Account
The Blueberry Direct Account offers a different pricing structure:
Minimum deposit and spreads
- Minimum deposit: $100
- Raw spreads starting from 0.0 pips
Commission fee of $7 per trade
- A commission of $7 is charged per lot traded
- Designed for traders who prefer raw spreads and fixed commissions
The Blueberry Direct Account is tailored for traders who prioritize raw spreads and are willing to pay a fixed commission per trade. This account type may appeal to experienced traders who want more control over their trading costs.
Both account types support a maximum leverage of 1:500 and a minimum trade size of 0.01 lots. Traders can access their accounts through popular platforms such as MT4, MT5, and Web Trader.
Deposit and Withdrawal
Blueberry Markets offers a range of deposit and withdrawal methods for clients. The available options include credit/debit cards, bank transfers, cryptocurrencies, and various e-wallets. The minimum deposit amount is $100 for most methods, with some exceptions.
Deposit Methods
- Credit/Debit Cards (Visa and Mastercard): Minimum deposit of $100. Deposits are usually quick, but in some cases, it may take up to 2 hours. There are no fees charged by Blueberry Markets, but currency conversion fees may apply if the card’s currency differs from the trading account’s currency.
- Bank Transfers: Minimum deposit of $100. International bank wires usually attract a fee of approximately $25+, which is imposed by and dependent on banking intermediaries. The maximum deposit amount is $500,000.
- Cryptocurrencies: Minimum deposit of $100. Supported cryptocurrencies include BTC, ETH, XRP, USDT, LTC, BCH, and USDC. Crypto deposits will be converted to USD at the live rate at the time of the transaction. There may be fees associated with the transactions, which vary depending on the wallet provider. The maximum deposit amount is $500,000.
- E-Wallets (Skrill, Neteller, Perfect Money): Minimum deposit of $100. Supported currencies include USD, EUR, GBP, and CAD. The maximum deposit amount is $10,000 (or equivalent currency).
Withdrawal Methods
The available withdrawal methods are similar to the deposit methods, including credit/debit cards, bank transfers, cryptocurrencies, and e-wallets. The minimum withdrawal amount is $50, and the maximum withdrawal limits vary depending on the method.
- Credit/Debit Cards: Withdrawals are free of charge, but currency conversion fees may apply if the card’s currency differs from the trading account’s currency.
- Bank Transfers: Clients are responsible for any outgoing payment fees, which vary depending on the banking intermediaries. The maximum withdrawal amount is $500,000.
- Cryptocurrencies: Crypto withdrawals will be converted to the cryptocurrency at the live rate at the time of the transaction. There may be fees associated with the transactions, which vary depending on the wallet provider.
- E-Wallets: Withdrawal fees may apply, depending on the e-wallet provider.
Processing Times
Blueberry Markets aims to process withdrawals within 24 hours on weekdays after a request has been made through the Client Portal, but this can be delayed in some cases. Requests submitted after 4 PM AEST/AEDT will be processed on the next business day. Withdrawals made on weekends will be processed on the following Monday.
Deposit processing times vary depending on the method:
- Credit/Debit Cards: Usually quick, but in some cases, it may take up to 2 hours.
- Bank Transfers: International bank wires usually take 3-7 business days.
- Cryptocurrencies: Depending on the volume of transactions, some crypto deposits may take up to 24 hours to be allocated.
- E-Wallets: Processing times depend on the e-wallet provider.
Trading Tools
Blueberry Markets offers a range of trading tools to assist traders in their decision-making and market analysis. These tools are designed to help traders stay informed about market trends and make well-informed trading decisions.
Market News and Analysis
Blueberry Markets provides up-to-date market news and analysis to help traders stay informed about market trends. This includes trading plans, methods, bullish and bearish divergence analysis, and live foreign exchange charts with indicators for major and minor currency pairs. The broker also offers trading hours information to help traders know the active trading hours for different markets and adjust their trading activities accordingly.
Weekly Analysis and Economic Calendar
Traders can access in-depth weekly analysis of the forex market from trading experts at Blueberry Markets. This analysis helps traders understand the upcoming market trends and potential trading opportunities. Additionally, Blueberry Markets offers an economic calendar that highlights important economic events and indicators. This helps traders stay updated on key economic releases and plan their trading strategies accordingly.
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Trading Hours
Blueberry Markets provides information on market hours and trading sessions. This helps traders know the active trading hours for different markets and adjust their trading activities accordingly. This includes trading hours for currency pairs, cryptocurrencies, commodities, indices, and equities.
Newsletter
Traders can subscribe to Blueberry Markets’ weekly newsletter, which delivers market insights and comprehensive how-to guides straight to their inbox. This newsletter provides additional valuable information and trading tips, helping traders stay informed and make more informed trading decisions.
Educational Resources
Blueberry Markets offers a range of educational resources to enhance trading skills and knowledge. These resources are designed to help traders of all levels, from beginners to advanced traders.
Structured Trading Program
Blueberry Markets provides a structured Trading Program divided into beginner, intermediate, and advanced levels. This program covers fundamental concepts, advanced trading indicators, and risk management strategies. The structured approach helps traders build a solid foundation and progress systematically.
Video Tutorials on YouTube
The broker offers video tutorials on their YouTube channel, covering various topics such as platform tutorials, understanding forex trading sessions, leverage, spreads, and choosing a forex broker. These tutorials provide valuable insights and tips to trade smarter.
Coverage of Trading Concepts and Tips
The educational resources at Blueberry Markets cover a wide range of trading concepts and tips. These include market news and analysis, economic calendars, trading hours information, and how-to guides. The resources are designed to help traders stay informed and make well-informed decisions.
Customer Support
Blueberry Markets offers comprehensive customer support to assist traders with any queries or issues they may encounter. The broker provides multiple contact methods and maintains a strong social media presence to ensure that traders can reach out to them easily.
Contact Methods and Availability
- Phone: Traders can contact Blueberry Markets via phone at +61 2 8039 7480. The support team is available 24/7 to address any concerns or questions.
- Email: Support can also be accessed via email at support@blueberrymarkets.com. Emails are typically responded to promptly, ensuring that traders receive timely assistance.
- Live Chat: Blueberry Markets offers a live chat feature on their website, which is available 24/7. This allows traders to get instant help and support whenever needed.
- Client Portal: Traders can also submit support requests through the client portal, which is accessible via the Blueberry Markets website.
Social Media Presence
Blueberry Markets is active on various social media platforms, including:
- Twitter: @BlueberryMarkets
- Facebook: Blueberry Markets
- Instagram: Blueberry Markets
- YouTube: Blueberry Markets
- LinkedIn: Blueberry Markets
- Website: www.blueberrymarkets.com
Office Location
Blueberry Markets is headquartered at:
- Level 4/15 Blue Street North Sydney NSW 2060, Australia
The broker’s office location provides a physical presence for traders who prefer in-person interactions or need to visit for specific purposes. The office is easily accessible and provides a professional environment for conducting business.
Pros and Cons
| Pros | Cons |
|---|---|
| Wide range of investment assets | Unregulated status |
| Access to popular cryptocurrencies | Lack of specific details about spreads and leverage |
| Low spreads on cash indices | Complaints and potential issues |
| Segregated accounts available | Limited information about trading conditions |
User Reviews and Ratings
Blueberry Markets has received overwhelmingly positive reviews and ratings from various platforms, websites, and individuals. Here are some of the key highlights:
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Trustpilot
- Rating: 4.9 out of 5 stars
- Reviews: Over 2,750 five-star reviews
- Comments: Users praise the broker for its exceptional customer support, fast execution, and competitive spreads. Many reviewers highlight the broker’s transparency and professionalism, stating that it is one of the most trusted and secure brokers they have used.
Myfxbook
- Rating: 4.9 out of 5 stars
- Reviews: Users appreciate the broker’s intuitive and reliable platform, as well as its exceptional customer service. Many reviewers mention that the broker’s customer support is responsive, knowledgeable, and always ready to help. The platform is praised for its fast execution and competitive spreads.
Blueberry Markets Website
- Rating: 4.9 out of 5 stars
- Reviews: Users praise the broker for its excellent service, competitive spreads, and fast execution. Many reviewers highlight the broker’s transparency and professionalism, stating that it is one of the most trusted and secure brokers they have used.
User Reviews
- Comments: Users appreciate the broker’s solid support team throughout the application process. They also highlight the broker’s partner referral program, which allows users to earn bonuses by referring friends. Many reviewers mention that the broker’s customer service is super reactive and spreads are low. Some users have reported excellent experiences with the broker, stating that it is one of the best brokers they have used.
Conclusion
In conclusion, Blueberry Markets is an Australian forex and CFD broker that offers a range of trading instruments, including over 60 currency pairs and more than 1,000 CFDs on indices, shares, futures, metals, and cryptocurrencies. The broker provides access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), allowing traders to utilize various tools and features for their trading strategies.
Blueberry Markets is regulated by the Australian Securities and Investments Commission (ASIC) under the Australian Financial Services License (AFSL) number 391441 and is also registered with the Vanuatu Financial Services Commission (VFSC) under license number 700697. This dual regulation ensures that client funds are segregated and protected, providing a higher level of security for traders.
However, it’s important to note that Blueberry Markets has received some complaints in recent months, and there have been potential issues related to order execution and withdrawal processing time. Additionally, the broker’s unregulated status in some jurisdictions raises concerns about the safety and security of investments.
When considering Blueberry Markets as a trading platform, traders should exercise caution and carefully review the broker’s trading conditions, including spreads, leverage, and potential fees. It’s also crucial to compare Blueberry Markets with other regulated brokers to ensure that they are making an informed decision.
For traders looking for a reliable and secure broker, it’s recommended to choose a broker that is regulated by a reputable financial authority, such as the Financial Conduct Authority (FCA) in the United Kingdom or the Commodity Futures Trading Commission (CFTC) in the United States. These regulators have strict requirements for brokers to maintain high standards of transparency, security, and client protection.
FAQs
Is Blueberry Markets regulated?
Yes, Blueberry Markets is regulated by the Australian Securities and Investments Commission (ASIC) under the Australian Financial Services License (AFSL) number 391441 and is also registered with the Vanuatu Financial Services Commission (VFSC) under license number 700697.
Does Blueberry Markets offer MT4 and MT5?
Yes, Blueberry Markets offers access to both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are available as desktop applications, web-based versions, and mobile apps, providing traders with flexibility in accessing their accounts from various devices.
What is the minimum deposit for Blueberry Markets?
The minimum deposit amount for Blueberry Markets is $100 for most methods, with some exceptions. For example, if a trader uses the China UnionPay payment system, the minimum deposit is $300.
Is Blueberry Markets a good broker for beginners?
Blueberry Markets offers a range of educational resources, including a structured Trading Program divided into beginner, intermediate, and advanced levels. The broker also provides video tutorials on their YouTube channel and detailed guides for working with MetaTrader terminals. Additionally, the broker offers a demo account to practice trading without risking real money. These features make Blueberry Markets a good option for beginners looking to learn and improve their trading skills.
Risk Warning
Online trading involves significant risk. It is not suitable for all investors and traders. Trading in financial markets can result in losses as well as gains. The value of investments can go down as well as up, and investors may not get back the amount they originally invested.
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This information is provided for general purposes only and should not be considered as investment advice. It is essential for investors and traders to understand the risks associated with online trading and to conduct their own research before making any investment decisions.
