Blueberry Markets Review 2022 | Everything You Need To Know Before Joining

Company DetailsTrading PlatformsMetaTrader 4MetaTrader 5How To Place A TradeAssets & MarketsSpreads & FeesBlueberry Markets LeverageMobile App ReviewPayment MethodsDepositsWithdrawalsBlueberry Markets Demo AccountDeals & PromotionsRegulation & LicensingAdditional FeaturesDupliTradeForex VPSLive AccountsBenefitsDrawbacksBlueberry Markets Trading HoursCustomer SupportSafety & SecurityBlueberry Markets VerdictAccepted CountriesCompare Blueberry MarketsBlueberry Markets Comparison TableCompare Trading InstrumentsBlueberry Markets vs Other BrokersFAQIs Blueberry Markets Safe?Is Blueberry Markets A Good Broker?Does Blueberry Markets Accept US Clients?Is Blueberry Markets Regulated?Is Blueberry Markets An ECN Broker?

Blueberry Markets is a global forex and CFD broker headquartered in Sydney, Australia. It offers 300+ instruments including currency pairs, shares, indices, and commodities. A $100 minimum deposit and copy trading tool make the broker popular with beginners, while the ultra-low latency VPS appeals to experienced traders.

This review of Blueberry Markets unpacks live account options, forex spreads, MetaTrader 4 features, leverage, and more. Find out if our experts recommend trading with Blueberry Markets.

Company Details

Blueberry Markets was established in 2016, by owner Dean Hyde, a former Axi executive. The brand is also a registered business under the Eightcap umbrella.

Since its incorporation, Blueberry Markets has served over 30,000 clients and has established itself as a popular trading broker in the Australian financial market. With deep liquidity, ultra-fast execution speeds and zero-pip spreads, the broker provides a competitive trading environment for a range of strategies.

Blueberry Markets holds licenses with the Australian Securities and Investments Commission (ASIC) and the Securities Commission of the Bahamas (SCB).

Trading Platforms

Blueberry Markets offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. The award-winning terminals will be familiar to experienced traders, providing a range of custom analysis tools, instant and pending orders, plus support for automated trading.

MT4 and MT5 are available for free download to Mac, Linux and Windows devices. Alternatively, there is a web-based terminal with no plug-ins required. Mobile-compatible apps are also available to download from the relevant app store.

MetaTrader 4

VPS hosting
Nine timeframes
One-click trading
Complete trading history
30 built-in technical indicators
Customizable charts and drawing tools
Four pending order types and trailing stops
Direct access to Expert Advisors (EAs) or build your own trading bots

MetaTrader 4

MetaTrader 5

21 timeframes
44 analytical objects
One-click order execution
Market search and grouping
Thousands of trading plug-ins
Integrated economic calendar
38 built-in technical indicators
Automated trading capabilities
Six pending order types and trailing stops

MetaTrader 5

How To Place A Trade

Once your Blueberry Markets account has been verified, you can begin trading. You will need to fund your profile with a minimum deposit of $100 or equivalent currency.

Opening a new position is similar between MT4 and MT5. To make a trade:

Download the MT4/MT5 platform or login via the webtrader
Choose the asset/market you wish to speculate on using the drop-down list or search bar
Click on ‘new order’ which is located second from the left in the top navigation bar. A ’new order’ screen will then pop out. Alternatively, execute a trade directly from charts by enabling one-click trading
Enter the order details including order type (pending or instant), volume/size, and any risk management parameters (take profit or stop loss)
Select ’buy’ or ’sell’
Confirm the order

Assets & Markets

Blueberry Markets offers 300+ instruments:

Invest in commodity CFDs including Gold, Silver, and Oil
Trade 30+ of the world’s largest stock indices including the ASX, FTSE, NASDAQ and S&P
Trade 200+ share CFDs on some of the world’s largest companies including Netflix, Tesla, and Amazon
Take crypto CFD positions across five popular digital coins including Bitcoin, Litecoin, and Ethereum
Speculate on 40+ majors and currency cross pairs including EUR/USD, GBP/USD, and EUR/JPY (0.01 lots – 40 lots on all forex pairs)

All orders are executed at market price (market execution) and in GTC (good till canceled) mode.

Note, Blueberry Markets does not offer spread betting, futures, ETFs, options, or bonds.

Spreads & Fees

Our experts found that fees vary depending on the account type and instrument.

The Standard Account follows a commission-free model with costs built into the spread from 1 pip. When we used Blueberry Markets, we were offered a live spread of 1 pip on the EUR/USD and 1.1 pips on the GBP/USD.

The Direct Account offers raw spreads from 0.0 pips, with a commission fee of $7 per standard lot per turn. The EUR/USD is offered at an average of 0.1 pips and while the GBP/USD is offered at an average of 0.7 pips.

Both profiles require a minimum deposit of $100 or equivalent. A useful fee and profit calculator is also available on the broker’s website.

Blueberry Markets also charges a AUD 20 monthly fee to access ASX200 single-stocks on the MT5 platform, plus a 0.1% commission on the value traded. This cost will be waived if an investor’s commission charges exceed $20.

There are no inactivity fees applied to dormant accounts, though profiles are archived when the balance is less than 50 units of the base currency and no trades have been executed for over one month.

Swap rates apply for positions held overnight.

Blueberry Markets Leverage

Leverage options vary depending on the entity your account is registered with.

Under the SCB-regulated entity, day traders can access leverage of up to 1:500. Applying the highest leverage would mean a $200 deposit will provide traders with $100,000 in purchasing power.

Under the ASIC-regulated entity, investors can access leverage of up to 1:30. Margin trading restrictions also include maximum leverage of 1:20 for minor currency pairs and indices, and 1:2 for crypto assets. This is in line with the ASIC Product Intervention, which came into practice in March 2021.

All Blueberry Markets accounts have a stop-out level of 50%.

Mobile App Review

When we used Blueberry Markets, we were disappointed to see no proprietary mobile app. This is a downside vs competitors such as Oanda and FP Markets.

Nonetheless, the MT4 and MT5 mobile applications offer reliable trading services found on the desktop platforms. Users can open accounts within five minutes, deposit and withdraw funds, conduct technical and fundamental analysis, and manage trading positions. The apps are also optimized for smaller screens so you can manage your account and trade on the go.

You can download the MT4 and MT5 apps to iOS, Android, and Huawei devices from the relevant app store.

Payment Methods


Traders can fund live accounts with various payment methods. The broker does not charge any fees, however, third-party charges may apply.

Funding options include:

POLi – AUD only, instant processing time, no fees
BPAY – AUD only, instant processing time, no fees
FasaPay – USD only, instant processing time, no fees
Skrill – EUR or USD, instant processing time, no fees
Dragonpay – USD only, instant processing time, no fees
PayPal – AUD, EUR, GBP, NZD, SGD, USD, instant processing time, third-party fees apply
Visa/Mastercard credit/debit cards – all currencies accepted, instant processing time, no fees
BTC and USDT – USD only, 30-minute processing time though dependant on blockchain confirmation, third-party fees apply
Neteller – USD only, one working day processing time (Australia) or two business days (international), Blueberry Markets may reimburse fees
Bank Wire Transfer – all currencies accepted, one working day processing time (Australia) or two business days processing time (international), Blueberry Markets may reimburse fees

Note, payment method availability varies depending on your location.


Traders must use the original deposit method to make a withdrawal. There are no minimum or maximum withdrawal limits.

Blueberry Markets processes all withdrawals within 24 hours if requests are made during working hours, Monday to Friday. The time it takes to receive funds back to the original account will vary. Typical processing times are between one and three business days, except for international bank wire transfers, which can take up to seven working days.

The broker does not charge any withdrawal fees, though third-party charges may apply. Skrill, for example, usually imposes a charge between 1% and 3%.

Blueberry Markets Demo Account

Access a free practice profile through the Blueberry Markets demo account, similar vs Pepperstone and IC Markets.

Retail traders can use $100,000 in virtual funds on the MT4 and MT5 platforms, alongside the full catalog of trading insights and learning materials. Build and test your strategies with real-time pricing before executing trades in the live environment. You can also experiment with leverage.

Deals & Promotions

We were not offered any joining bonuses or promo codes when we registered with Blueberry Markets.

However, a friends and family referral code is available to global clients. Traders benefit from $100 in account credit. The following requirements must be met to receive the bonus:

A $1000 minimum deposit
Trade at least 1 lot within 60 days

Regulation & Licensing

The Blueberry Markets Group is a subsidiary of Eightcap. The broker is regulated under two entities:

Blueberry Markets under Eightcap Pty Ltd is regulated and authorized by the Australian Securities and Investments Commission (ASIC), AFS Representative Number 001245440
Blueberry Markets under Eightcap Global Ltd is authorized and regulated by the Securities Commission of the Bahamas (SCB), SIA-F220

All client funds are held separately from the firm’s capital in segregated trust accounts. Clients can also be assured of negative balance protection.

Additional Features

Our experts were pleased to see a range of additional tools and resources available to account holders. This includes a weekly newsletter, market news, and analysis articles with price projection outlooks and investment trends. Useful tools, such as an economic calendar and profit calculator, are also available to day traders.

There is also a comprehensive educational trading program, organized into experience levels; beginner, intermediate and advanced. The guides can help users learn the basics of investing, all the way to mastering advanced strategies. Integrated YouTube video content is provided alongside the courses.


DupliTrade is a leading copy trading tool, suitable for beginners. The platform allows day traders to follow the signals and trades of experienced investors. You can review and choose master traders based on their performance history and trading experience. Select, modify, or remove strategies in a few clicks.

Note, you must fund a Blueberry Markets live account with at least $2000 to gain access to DupliTrade.

Forex VPS

Execute trades in 1-3 ms or less using Blueberry Market’s free low-latency forex VPS. MetaTrader systems can run for 24 hours without disruptions and downtime. Trading systems are hosted on data centres located near Blueberry’s main servers.

Live Accounts

Blueberry Markets offers two account types. Both profiles provide access to all trading instruments, have a minimum deposit requirement of $100, and a minimum trade size of 0.01 lots.

The main difference between the two accounts is the pricing model. The Standard Account offers commission-free trading with floating spreads, whereas the Direct Account provides raw spreads with a fixed commission per trade.

Seven account denominations are accepted including AUD, GBP, USD, EUR, and CAD.

A Professional/Premium Account is also available for high-volume traders. Users that meet a 10m USD notional trading volume per month benefit from:

Access to a dedicated sales manager
Tailored pricing, spreads and commissions
A range of expert resources and exclusive insights
Priority withdrawals, processed within a few hours
Priority 24/7 customer support via live chat, phone, and email

It takes less than five minutes to register for a live Blueberry Markets account. Note, ID verification is required.


Advantages of trading with Blueberry Markets include

Forex VPS
$100 minimum deposit
24/7 customer support
Choice of fee structures
Free MT4 & MT5 demo account
Copy trading through DupliTrade
Multiple payment methods and currencies
Regulated with negative balance protection
Educational resources and integrated tutorial videos


Downsides to opening an account with Blueberry Markets include:

No proprietary mobile app
No binary options, ETFs, or futures

Blueberry Markets Trading Hours

Trading hours vary by instrument. Forex market opening hours are 24 hours per day between Sunday to Friday. Crypto, on the other hand, can be traded 24 hours per day, 365 days a year.

The Blueberry Markets server location is based in New York. The platform server time is set at GMT+2 when New York is observing Eastern Standard Time and changed to GMT+3 when New York is observing Daylight Savings Time.

A full calendar of market hours, events, and key expiry dates is available on the broker’s website.

Customer Support

Blueberry Markets can be contacted 24/7 through:

Live Chat – Bottom right of each webpage
Phone Number – +61279083946 or +61280397480
Email Address – Australia, International
Headquarters Address – Level 4/15 Blue St, North Sydney NSW 2060, Australia or 208 Church Street, Sandyport, Nassau, the Bahamas

Alternatively, a comprehensive FAQ section is available on the broker’s official website, with details including client portal login support, swap rates, account funding methods, and more.

When we tested Blueberry Markets, the live chat service offered the fastest response times, with support provided in under a minute.

Safety & Security

Blueberry Markets is a relatively secure brokerage. Funds are handled with full data transmission security and held in segregated accounts. The MT4 and MT5 platforms are also secure, using industry-standard data encryption with all transmissions made via SSL. Both trading platforms also offer two-factor authentication (2FA), available in the login portal.

Blueberry Markets Verdict

When we used Blueberry Markets, we were impressed with the account opening process which took less than five minutes. Our experts also liked the copy trading platform, the MT4 and MT5 downloads, plus the free forex VPS. Overall, Blueberry Markets is a good all-round broker that will meet the needs of beginner traders and seasoned investors.

Accepted Countries

Blueberry Markets accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Blueberry Markets from United States, Ukraine, Russian Federation, Afghanistan, Albania, Samoa, Bahamas, Belarus, Burundi, Central African Republic, China, Cuba, Congo DR, Cyprus, Eritrea, Guam, Guinea-Bissau, Haiti, Iran, Japan, Korea, Lebanon, Libya, Mali, Myanmar, Nicaragua, Northern Mariana Islands, Pakistan, Panama, Puerto Rico, Somalia, Sudan, Syria, Trinidad And Tobago, Turkey, United States Outlying Islands, Virgin Islands, U.S., Vanuatu, Venezuela, Western Sahara, Yemen, Zimbabwe.

Compare Blueberry Markets

Compare Blueberry Markets with similar brokers that accept traders from your location. Among available brokers these are the most similar to Blueberry Markets:

Pepperstone – Pepperstone offers CFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5 and cTrader platforms.

AvaTrade – Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4/5, Web Trader, Mobile App, Vanilla options and Social Trading. +1250 Financial Instruments, Educational content and multilanguage customer support active 24/7. 20% Welcome bonus available on allowed countries.

BlackBull Markets – BlackBull Markets is an award-winning forex and CFD broker with beginner-friendly trading tools and 24/7 customer support.

Fusion Markets – Fusion Markets offers low-cost forex and CFD trading via tight spreads. Copy trading, 1:500 leverage plus multiple account types are also available.

Blueberry Markets Comparison Table

Compare Blueberry Markets With Similar Brokers

Blueberry Markets
BlackBull Markets
Fusion Markets



Demo Account

Minimum Deposit

Minimum Trade






Payment Methods

Detailed Comparison



4.8 4.9 3.7 4.5
Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Yes Yes Yes Yes Yes
$100 $500 recommended $100 $0 $0
0.01 lots 0.01 Lots $.01 0.01 Lots 0.01 lots
Welcome bonus 20% up to 10.000$
Yes Yes Yes Yes No
MT4, MT5 MT4, MT5, cTrader MT4, MT5 MT4, MT5 MT4, MT5
1:30 ASIC, 1:500 SCB 1:500 1:400 1:500 1:500
14 7 13 9 15
Blueberry Markets vs Pepperstone Blueberry Markets vs AvaTrade Blueberry Markets vs BlackBull Markets Blueberry Markets vs Fusion Markets
Blueberry Markets
BlackBull Markets
Fusion Markets

Compare Trading Instruments

Compare Blueberry Markets Trading Instruments

Blueberry Markets
BlackBull Markets
Fusion Markets

















Volatility Index

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Blueberry Markets vs Other Brokers

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Is Blueberry Markets Safe?

Blueberry Markets is a safe and legitimate online brokerage with negative balance protection and segregated client funds. The broker holds licenses with the ASIC and SCB and offers 2FA for client logins. Customer reviews are also generally positive.

Is Blueberry Markets A Good Broker?

Blueberry Markets offers a competitive trading environment with 300+ assets, 1:500 leverage, and 24/7 customer support. The fee structure is also competitive, with tight spreads and low commissions. In summary, Blueberry Markets is a reliable and well-rounded trading broker.

Does Blueberry Markets Accept US Clients?

Blueberry Markets does not accept clients from the United States. Supported countries include the UK, South Africa, India, France, Philippines, Canada, Malaysia, and Singapore, among others. See our review for a full list of accepted and restricted countries.

Is Blueberry Markets Regulated?

Blueberry Markets is regulated and authorized by the Australian Securities & Investment Commission (ASIC) and the Securities Commission of the Bahamas (SCB).

Is Blueberry Markets An ECN Broker?

Yes – Blueberry Markets is an ECN broker. Retail traders can access raw spreads with the Direct Account, along with a commission of $7 per standard lot per turn.

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