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.
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
||Regulated by ASIC
||forex currency pairs, and CFDs on commodities, shares, cryptocurrencies, and indices
||Standard & Direct
||from 0.8 pips
||Standard: $0, Direct: $7
||MT4 & MT5
|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”.
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.
Blueberry Markets offers investors a wide range of investment assets, including forex currency pairs, and CFDs on commodities, shares, cryptocurrencies, and indices.
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.
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).
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.
Blueberry Markets customer support can be reached by telephone: +61 2 8039 7480, email: firstname.lastname@example.org. 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
|• Regulated by ASIC
||• Website inaccessible
|• Multiple trading instruments and funding options
|• MT4 & MT5 supported
Frequently Asked Questions (FAQs)
||Is Blueberry Markets regulated？
||Yes. Blueberry Markets is regulated by ASIC.
||Does Blueberry Markets offer the industry-standard MT4 & MT5？
||Yes. Both MT4 and MT5 are available at Blueberry Markets.
||What is the minimum deposit for Blueberry Markets？
||The minimum initial deposit at Blueberry Markets to open an account is $100,
||Is Blueberry Markets a good broker for beginners？
||No. Blueberry Markets is not a good choice for beginners. The official site is unavailable currently and it seems that it is offshore.