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Score

3.60 /10
Danger

Blueberry Markets

Australia

5-10 years

Regulated in Australia

Appointed Representative(AR)

Global Business

High potential risk

A

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Quantity 7

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Score

License Index 3.51
Business Index 6.86
Risk Management Index 0.00
Software Index 4.00
Regulatory Index 3.49
The WikiFX Score of this broker is reduced because of too many complaints!
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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Regulatory disclosure

Warning

ID BAPPEBTI
2022-02-02
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Contact number

English

+61 2 8039 7480

Broker Information

More

Company Name

BLUEBERRY MARKETS PTY LTD

Company Abbreviation

Blueberry Markets

Platform registered country and region

Australia

Company website

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Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2023-05-31
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
Expose
    Blueberry Markets · Company summary

    Note: Blueberry Markets official site - https://www.blueberrymarkets.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information & Regulation

    Feature Detail
    Registered Country/Region Australia
    Found 2016
    Regulation Regulated by ASIC
    Market Instrument forex currency pairs, and CFDs on commodities, shares, cryptocurrencies, and indices
    Account Type Standard & Direct
    Demo Account N/A
    Maximum Leverage 1:500
    Spread (EUR/USD) from 0.8 pips
    Commission Standard: $0, Direct: $7
    Trading Platform MT4 & MT5
    Minimum Deposit $100
    Deposit & Withdrawal Method credit/debit cards, bank transfers, crypto wallets, PayPal, Skrill, Neteller, POLi, fasapay, dragon pay, and BPay

    Blueberry Markets, a trading name of BLUEBERRY MARKETS PTY LTD, is an Australian broker established in 2016 that is committed to offering not only low spreads but also a range of currency pairs and CFDs online trading services to its clients.

    As for regulation, it has been verified that Blueberry Markets is regulated by Australia Securities & Investment Commission - ASIC. That is why its regulatory status on WikiFX is listed as “Regulated”.

    General Information & Regulation

    Note: The screenshot date is January 18, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

    Australia Securities & Investment Commission - ASIC

    Market Instruments

    Blueberry Markets offers investors a wide range of investment assets, including forex currency pairs, and CFDs on commodities, shares, cryptocurrencies, and indices.

    Account Types

    Blueberry Markets offers investors two trading accounts, the Standard Account and the Direct Account. The minimum deposit for a Standard account is $100, while the Pro account requires a relatively high initial deposit of $2,000.

    Leverage

    As regularly leverage ratios fall under regulatory restrictions, Blueberry Markets being an Australian brokerage still allows high leverage ratios up to the maximum leverage of 1:500 for Forex instruments, and default at 1:30 for AU resident clients.

    It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

    Spreads & Commissions

    The spreads on Blueberry Markets Standard accounts start at 1.0 pips, and there are no trading commissions. For Direct accounts, spreads start at 0.0 pips, and commissions are $7 per lot (clients with over 50k trading volume negotiable).

    Trading Platform

    Blueberry Markets offers traders the highly regarded MT4 and MT5 trading platforms, used by millions of traders of all levels. MT4 and MT5 are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

    Deposit & Withdrawal

    Blueberry Markets supports electronic payments to and from your investment account via credit/debit cards, bank transfers, a couple of crypto wallets, PayPal, Skrill, Neteller, POLi, fasapay, dragon pay, and BPay.

    The minimum initial deposit requirement is $100.

    There are no fees for deposits and withdrawals issued by the broker, only payment systems can require commissions, especially bank and crypto transfers.

    All withdrawals are said to be processed within 24 business hours, meaning in 3 working days tops.

    Transactions within Europe are available on in euros, while outside of the continent only US dollars.

    Customer Support

    Blueberry Markets customer support can be reached by telephone: +61 2 8039 7480, email: support@blueberrymarkets.com. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Company address: Level 4/15 Blue Street North Sydney NSW 2060 Australia.

    Pros & Cons

    Pros Cons
    • Regulated by ASIC • Website inaccessible
    • Multiple trading instruments and funding options
    • MT4 & MT5 supported

    Frequently Asked Questions (FAQs)

    Q 1: Is Blueberry Markets regulated?
    A 1: Yes. Blueberry Markets is regulated by ASIC.
    Q 2: Does Blueberry Markets offer the industry-standard MT4 & MT5?
    A 2: Yes. Both MT4 and MT5 are available at Blueberry Markets.
    Q 3: What is the minimum deposit for Blueberry Markets
    A 3: The minimum initial deposit at Blueberry Markets to open an account is $100,
    Q 4: Is Blueberry Markets a good broker for beginners?
    A 4: No. Blueberry Markets is not a good choice for beginners. The official site is unavailable currently and it seems that it is offshore.

    News

    US Debt Ceiling Situation And The Impact It Could Have On Gold Prices

    NewsUS Debt Ceiling Situation And The Impact It Could Have On Gold Prices

    2023-05-16 14:18

    The US Debt Ceiling situation continues to drag on, in this article we will briefly discuss the implications on the market if the US does default for the first time in history, and how that could affect the price of Gold.

    WikiFX
    2023-05-16 14:18
    News
    US Debt Ceiling Situation And The Impact It Could Have On Gold Prices
    The price of USDCAD could continue to trade lower in line with the current USD weakness.

    NewsThe price of USDCAD could continue to trade lower in line with the current USD weakness.

    2023-04-10 15:00

    Intraday bias in USD/CAD remains neutral for consolidation above 1.3405 temporary low. Upside of recovery should be limited by 1.3563 resistance to bring another fall.

    WikiFX
    2023-04-10 15:00
    News
    The price of USDCAD could continue to trade lower in line with the current USD weakness.
    Forex Chart Of The Day: USDJPY Price Finds Support At 132.75

    NewsForex Chart Of The Day: USDJPY Price Finds Support At 132.75

    2023-03-17 14:56

    USD/JPY meets with a fresh supply on Friday and is weighed down by reviving demand for the JPY.

    WikiFX
    2023-03-17 14:56
    News
    Forex Chart Of The Day: USDJPY Price Finds Support At 132.75
    How To Trade Forex: Is Gold Heading To $1800.00?

    NewsHow To Trade Forex: Is Gold Heading To $1800.00?

    2023-02-23 14:29

    Gold markets initially tried to rally during the trading session on Tuesday but gave back gains as we continue to see plenty of resistance near the $1880 level.

    WikiFX
    2023-02-23 14:29
    News
    How To Trade Forex: Is Gold Heading To $1800.00?

    User Reviews

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    5

    Comments

    Write a review

    FX1258520561
    more than one year
    I lost over 10k in Blueberry Markets last year and I was down and out cos they refused to give me a withdrawal and still me for more money if I wanted my withdrawal... Isn’t it a scam?
    2023-02-23 10:45
    Reply
    0
    0
    金诗尧[福]奥美ᴼᵀᴹ
    more than one year
    I had no issues all around for the two years I have trading with Blueberry Markets, no slippage, patient customer service, stable trading platform.
    2023-02-16 18:10
    Reply
    0
    0
    一束阳光
    more than one year
    I traded with Capital street FX six months ago. Through a basic account, I didn’t make any profits, for spreads can be really high sometimes. But my account manager was quite professional.
    2023-02-16 18:08
    Reply
    0
    0
    cuan
    6-12months
    please avoid trading at blueberrymarkets brokers, because when you withdraw funds they will give ridiculous reasons so that your funds do not return..
    2022-12-22 07:50
    Reply
    0
    1
    FX1176109635
    more than one year
    Everything is gonna be okay as long as you don't ask for your money back. However, if you request a withdrawal, you're going to have a problem. They will keep coming up with all kinds of silly excuses for why you can't take your money out.
    2022-12-16 19:16
    Reply
    0
    1
    7
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