Blueberry Markets Review 2024
Website: www.blueberrymarkets.com
Min. Deposit: US$ 100
Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: ASIC, VFSC
Headquarters: Australia
Founded: 2016
Regulatory Licenses:
- Blueberry Markets Pty Ltd - authorized by ASIC (Australia) ABN 40 606 959 335 is a CAR (001245440) under ACY Capital Pty Ltd - ABN 80 150 565 781 AFSL 403863
- ACY Capital Australia Limited - authorized by VFSC (Vanuatu) registration No. 012868
Updated on February 12, 2024
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In conducting this comprehensive review of Blueberry Markets, our expert team employed a rigorous and multifaceted approach. Our analysis involved an in-depth examination of the broker's offerings, including account types, trading platforms, fees, and customer service. We compared Blueberry Markets against over 1000 brokers to ensure a thorough and fair evaluation. Additionally, we scrutinized user feedback and regulatory status to provide a well-rounded view of the broker's reliability and performance.
Blueberry Markets stands out as a distinguished Australian Forex trading broker, a subsidiary of the well-known larger brokerage ACY. This entity prides itself on its transparent pricing model and its commitment to delivering industry-leading technology solutions through a network of various liquidity providers. Having been operational for over a decade, Blueberry Markets has carved a niche for itself in the trading community, earning accolades for its competitive spreads, swift execution, and its focus on fostering the growth of ambitious traders aiming for long-term success.
Pros
Competitive spreads and swift execution
Focus on ambitious, long-term traders
Cons
Regulation presence in offshore zones
Limited range of financial instruments
Blueberry Markets Pros and Cons ▲
Blueberry Markets has established itself as a go-to broker for traders seeking Forex, CFDs, indices, and commodities trading, backed by the security of a top-tier ASIC license. The broker offers advanced trading platforms such as MT4 and MT5, catering to both new and experienced traders.
Pros
Advanced trading platforms MT4/MT5
Regulated by ASIC, ensuring high levels of security
Cons
Presence of regulations in offshore zones
A somewhat limited selection of financial instruments
Is Blueberry Markets Safe or a Scam? ▲
Our in-depth research indicates that Blueberry Markets is far from being a scam. Operating under the trading name of ACY and registered with the Australian Securities and Investments Commission (ASIC), Blueberry Markets adheres to stringent regulatory standards. Holding an AFSL License mandates the broker to comply with rigorous conduct standards, thereby ensuring the safety of your investment. ASIC's global recognition as a leading authority in Forex and trading industry regulation underscores Blueberry Markets' legitimacy and trustworthiness. With a strong emphasis on customer service, the broker offers around-the-clock support along with a demo account feature, allowing traders to familiarize themselves with the platform prior to engaging in live trading.
Our conclusion on Blueberry Markets' reliability is encapsulated in a Trust Score of 4.5 out of 5, attributed to its commendable reputation, effective trading tools, competitive spreads, and robust customer support.
Blueberry Markets provides traders with the opportunity to leverage their trades, thereby amplifying the potential for profit. This feature is characteristic of the broker's commitment to cater to both novice and experienced traders, offering them the tools and flexibility needed to navigate the Forex market effectively. It's important for traders to approach leverage with caution, as it also increases the risk of loss.
Blueberry Markets extends a diverse selection of account options tailored to meet various trader needs. The primary account types include the Blueberry Standard account, which eliminates commission fees, and the Blueberry Direct account, which features raw spreads coupled with a commission charge. Additionally, Blueberry Markets offers a risk-free Demo account for those new to forex trading or looking to test strategies without financial risk. For professional traders, the Premium account emerges as a compelling choice, providing enhanced conditions and customized solutions ideal for experienced traders or those managing larger volumes. Below are detailed observations on the account offerings at Blueberry Markets:
Regarding fees, Blueberry Markets prides itself on its competitive structure, which includes tight spreads starting from 0.0 pips for professional accounts and zero commission on standard accounts, albeit with a higher spread due to service markup. Another crucial fee to consider is the Swap fee or the Rollover rate, which is the interest charged for holding positions open overnight in forex trading. This fee varies based on the overnight interest rate differential between the two currencies involved in a trade. After a comprehensive analysis and comparison to over 1000 other brokers, Blueberry Markets' fee structure received a commendable score of 4.0 out of 5, indicating that its overall fees are considered advantageous for traders.
Blueberry Markets' Standard accounts feature spread-only pricing, which tends to be higher due to the inclusion of costs within the spread. For instance, the spread for the EUR/USD pair is approximately 1 pip, which is still deemed competitive. For traders opting for a professional account, a commission fee of $7 is implemented, potentially reduced for high-volume traders, with the spread on the EUR/USD pair typically at 0.2 pips. When comparing Blueberry Markets' spreads to the industry, they are notably lower than the average of 1.2 pips for the EUR/USD pair. Blueberry Markets Spreads have earned a rating of 4.0 out of 5, underscoring their attractiveness across various trading instruments.
Blueberry Markets facilitates access to a wide array of market instruments, enabling traders to diversify their portfolios across different asset classes. This comprehensive selection ensures that traders can engage in various markets, maximizing their trading strategies' potential.
Blueberry Markets facilitates an array of payment options for funding trading accounts, including Visa/MasterCard, Skrill, POLi Payment, fasapay, and Bank Wire Transfers. The selection of base account currencies is advantageous for avoiding conversion fees during transfers. Blueberry Markets' funding methods received a commendable rating, scoring 4.0 out of 5. The minimum deposit stands at an industry-standard $100 for a Standard account, while high-volume traders can access tailored solutions with a $2,000 initial deposit, a threshold considerably lower than the $500 minimum required by most competitors.
Pros
Numerous payment methods available
No or minimal fees on transactions
Various accountbased currencies to prevent conversion fees
Cons
Deposit options may differ based on regulatory requirements
Blueberry Markets prides itself on charging no internal fees for deposits or withdrawals, offering a broad selection of payment methods. However, traders should verify with their payment providers regarding any potential fees due to international transfer policies or regulatory stipulations for withdrawals to bank accounts only.
Here's how to withdraw money from Blueberry Markets step by step:
1. Log in to your account
2. Select 'Withdraw Funds' from the menu
3. Enter the amount to withdraw
4. Choose your preferred withdrawal method
5. Fill out the electronic request with the necessary details
6. Confirm the withdrawal information and submit
7. Monitor the status of your withdrawal through your dashboard
Blueberry Markets processes withdrawal requests within 24 hours, facilitating swift access to funds.
Blueberry Markets offers MetaTrader4 and its newer counterpart, MetaTrader 5, as its trading platforms. These platforms are renowned for their comprehensive features and tools, supporting technological execution across Web versions, desktop, and mobile apps. With an overall rating of 4.0 out of 5, Blueberry Markets' platform selection is positioned as superior within the industry, catering to professional trading with a vast array of tools and research capabilities.
Desktop Platform
The MetaTrader platforms require little introduction, being industry-standard software that offers powerful charting features, various add-ons, and automated trading opportunities. Blueberry Markets enhances these platforms with free tools, extensive trading history, and exclusive capabilities for its traders, making the desktop platform highly appealing for both novices and seasoned traders.
Mobile Trading Platform
The Blueberry Markets mobile app ensures comprehensive control over orders and accounts, compatible with both MetaTrader versions. The app is designed for optimum performance on any smartphone, featuring push notifications and customizable settings.
Blueberry Markets distinguishes itself with responsive 24/7 Customer Service. The support team delivers quick and accurate responses, ensuring traders can rely on effective assistance at any time. Contact options include live chat, email, phone lines, and a contact form. The customer support at Blueberry Markets is rated at 4.0 out of 5, marking it as highly effective compared to industry standards.
Blueberry Markets commits to providing high-quality educational materials and research tools. Clients have access to daily Forex market updates through the official YouTube page and a trading blog updated daily on the website. The platforms offer built-in research tools and copy trade options for trading insights. With an overall rating of 4.5 out of 5, Blueberry Markets' educational resources are noted for their excellence, benefiting from collaborations with market-leading data providers.
In summary, Blueberry Markets is recognized as a secure broker for engaging in forex and CFD trading, adhering to Australian regulations and offering competitive pricing. The broker excels in creating a balanced trading environment with commendable support. It is suitable for both new and experienced traders aiming for potential long-term success. Blueberry Markets is particularly recommended for:
Beginners
Professional traders
Users of MT4/MT5 platforms
Algorithmic or API traders
Those seeking tight spreads
Traders employing various strategies
Individuals requiring 24/7 customer support
