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Blueberry Markets Review and Rating [yyyy]

Blueberry Markets Review and Rating 2022

Visit Blueberry Markets

Blueberry Markets was established by former AxiTrader Executive Dean Hyde in 2016, who wanted to establish a fresh Retail Forex brand known for its low spreads as well as its high standard of service to clients. During our Blueberry Markets reviews, we found that they now have over 30,000 clients that makes them Australia's one of the largest  brokerages, offering an array of over 300 instruments in a variety of international markets.

Blueberry Markets provide tight spreads and fast execution, but it has targeted its approach towards entrepreneurs who are determined to be successful in the long run.

Blueberry is focused more on traders who are advanced and possess an entrepreneurial mindset and high-risk financial goals.

In our Blueberry review, we are going to explore all the aspects of this broker so that you can make your decision wisely. AtoZ Markets is not responsible for the writer's opinion. If you are from Blueberry and think some of the information is not right, you are advised to contact Atoz Markets editorial team.

Overview

Company
7/10
Trust
7/10
Trading Platform
7/10
Account Types
7/10
Costs
7/10
Customer Support
7/10
Regulation
8/10
Cryptocurrency
6/10

Company

7 /10

Blueberry Markets Overview

Max Leverage: 1:500

Regulated by: ASIC, SCB

Minimum Deposit: $100

Headquarter: Australia

Platforms: MT4, MT5, Web Trader

Found in: 2016

Markets: Forex, Share CFDs, Crypto CFDs, Commodities & Metals, Indices

Minimum Lot Size: 0.01

Deposit Currency: AUD, USD, EUR, GBP, CAD, NZD, SGD

How to Open Live Trading Account With Blueberry Markets

To open a live account, go to their website and click on sign up

  • General Requirements:

The following conditions must be met to apply in order to be able to live-account applications:

At least 18 years old in the moment of applying

A valid passport is required or photo ID issued by a government agency.

You must have a valid residential address as well as the proof of address.

 

  • Requirements According to Different Account Types

 

Individual Account

One (1) government-issued picture ID (passport) or photo

One (1) evidence of address on one of the following forms:

Bank statement

Credit card statement

Utility bill (water electric telephone, gas internet, etc.)

An additional ID card proving the address of residence.

Joint Account

Each person in the account has to fulfill the requirements of an Individual Account mentioned above.

Joint Account Acknowledgement Form*

Introducing Broker (IB)

For Personal account requirements (see above)

IB Application Form

Application for Companies

For Personal Requirements for Accounts (see above)

Company Application Form

Certificate of Incorporation

Documentation of Directorship/Shareholder Agreement

LEI (Legal Entity Identifier) Click here to see our recommendations for LEI issuer.

A proof of trading address for your company (for Directors).

A Company Extract/Statement of the Company that contains:

The list of all shareholders

Directors' list of directors

List of signatory

Memorandum of Understanding and Articles of Association

List of Authorised Traders

Corporate Super/Trust Account

For Personal account requirements (see above)

Corporate Trust Application Form

Certificate of Incorporation

Trust Deed

LEI (Legal Entity Identifier) Click here to see our recommendations for LEI issuer

Evidence of Trading Address for the trust (for Directors and Trustees of all kinds)

A Company Extract/Statement of the Company that contains:

The list of all shareholders

Directors' list of directors

The list of signatory

Memorandum of Understanding and Articles of Association

List of Authorised Traders

Trust Account for Non-Corporate Organizations (Individual or Family Trusts)

For Personal Requirements for Accounts (see above)

Super/Trust Application Form

Trust Deed

MAM (Multi-Account Manager) Account

All users on the MAM account must meet the requirements of an Individual Account.

Non-Enduring power of Attorney (NEPA) form*

Form for Authorization to Deduct Fees

Blueberry Markets Trading Instruments

Blueberry Markets is an online broker that offers over-the-counter (OCT) financial instruments. These instruments comprise Forex, Crypto CFDs, Shares CFDs, Commodities and Metals.

Forex is the core market of Blueberry Markets. It was observed that GBP/USD and EUR/USD are the most popular foreign currency pairs that are traded on Blueberry Markets. The company also trades on markets for smaller pairs as well as exotic cross-pairs.

 

In addition to exchange rates, Blueberry Markets helps traders by providing popular indices like UK100 JPN225, AUS200, JPN100, the GER30 index, FRA40, SPX500, US30 and EUSTX50.

The company also facilitates trade in the precious metals, including Silver (XAU/USD) in addition to silver (XAG/USD).

In the energy sector, Blueberry Markets is suitable for those looking to invest in the oil market specifically for assets in Brent-grade oil and WIT grade oil.

Pros and Cons of Blueberry Markets

  • Pros

● The company is overseen by the top market authorities such as ASIC as well as SCB.

● They have a wide range of trading instruments.

● Live chats are available 24/7

● They have ECN-only trading.

● They have a 30 day trial account with all the features.

● They have technological feasibility for implementing innovative trading concepts.

● They have a variety of tools for research.

● Complete access to MetaTrader 4, MetaTrader 5 and Web Platform.

● They have a fully-supported , mobile-based trading environment.

● They support Copy-trading.

● They have enough liquidity

  • Cons

— The variety of financial instruments is very limited.

— The content of educational content is not available.

— A minimum deposit is required of $100 or more

— No charge withdrawals are available is only for Australia.

— High risk of not having positive balance security.

— Spread examples of Standard accounts can be a bit tangled.

Trust

7 /10

Is Blueberry Markets safe or a scam

Is Blueberry markets safe?

No. It's not a scam. Blueberry Markets is a company that has been around for over 5 years and during that time they have never had a single issue with being a scam. They are a licensed and regulated broker, which means you can trust them to handle your money responsibly. Blueberry Markets offers traders some of the best trading conditions in the industry, with competitive spreads and no commissions charged on trades.

The bottom line is that Blueberry Markets is an established, reputable company that you can trust with your money. They offer excellent trading conditions and have been in business for 5 years without any issues.

Real Also: bkfx Broker Review

Trading Platform

7 /10

Blueberry Markets offers MetaTrader 4 and Metatrader 5, the most popular trading platforms across the world. Created by MetaQuotes the platforms for trading provide the most advanced and top technology solutions for traders who trade on global markets.

The company has an authorized version of these platforms. Furthermore, there aren't any additional costs for traders.

They are also accessible as desktop applications and are compatible with Windows or Macintosh operating systems. The web-based Version of MetaTrader 4 and 5, runs on every web browser application including Chrome, Google Chrome, Safari, and Mozilla Firefox.

 

Blueberry Markets app versions of MetaTrader platforms are available. Blueberry Markets app versions of MetaTrader platforms are now available on mobile and smartphones that run with iOS and Android platforms.

Blueberry Markets MT4 Features

*A custom-built platform that includes hundreds of tools online that you can integrate

* One-click-Trading

* Instant order execution

* Hosting for free on VPS

* Up to 4 orders in pending and trailing stops

* Fully configurable and comprehensive charts

* In-depth history of trading

* Create your own algorithms as well as transfer expert Advisors (EAs)

Blueberry Markets MT5 Features

* Flexibility in buying and selling with six types of waiting orders

* 38 indicators for technical use and 44 analytical objects and 21 timeframes

* Lightning-fast order executions

* Customizable platform with thousands of online tools that can be plugged-in

* The calendar of economic events for staying on top of global macroeconomic developments.

* One-Click Trading

* Mobile trading for the mobile

* Intuitive search for markets and groupings.

Account Types

7 /10

Blueberry Markets offers two different account options-a Standard or Professional Trading Account. The difference between these accounts is based on your needs as a trader:  Either one will provide you with 0$ commissions and transparency while still charging brokerage costs at the completion of each trade; however, if you're looking for an even better deal then there's also Direct Premium Accounts which give users more insight into how markets work by showing raw spreads right off the bat! You can choose what level best suits your trading style so they have got something perfect for your knowledge and experience.

Blueberry Standard Account

Their costs are built into the spread, which means that if your trade moves into a profitable position, you're making money from that point on.

Spreads From 1.0 pips

Commission $ 0

Minimum Deposit $ 100

Maximum Leverage 1: 500

Minimum Trade Size 0.01

Tradable Instruments 300+

Trading Platforms MetaTrader 4 or MetaTrader 5

Blueberry Direct Account

Their Direct account gives you more transparency so you can see the  raw market spread.  We then charge our brokerage costs at the completion of each trade.

Spreads From 0.0 pips

Commission $ 7

Minimum Deposit $ 100

Maximum Leverage 1: 500

Minimum Trade Size 0.01

Tradable Instruments 300+

Trading Platforms MetaTrader 4 or MetaTrader 5

Cryptocurrency

6 /10

You can get into the crypto market with us and BlueBerry Markets' extremely low spreads.

Blueberry Markets Crypto spreads

image source: Blueberry

They have CFDs for trading Bitcoin and other altcoins using Blueberry Markets including Ethereum, Litecoin, Ripple and Polkadot.

Costs

7 /10

Leverage and Spreads

It's a great time to be in the Forex game! Leverage is one of Blueberry Markets Review' best features, allowing traders who are looking for larger potential gains. The broker allows high leverage ratios up until 500:1 with AU resident clients defaulting on 1:30 maximum - which means you can take advantage even if your account has less than 100k dollars worth of capital available (though banking institutions may not allow this).

With the right knowledge and strategy, you can make an exponentially larger investment in your trading account. In order to do this successfully though it is important that one understands how leverage works as well as when they should use them depending on their risk tolerance level - “unhealthy” usage may increase risks significantly which requires higher margins to protect against potential losses.

Popular Instruments Spreads

Blueberry Spreads

image source: Blueberry Markets

Deposits and Withdrawals

Blueberry Markets offers a large number of payment options to fund your trading account, including Visa/MasterCard, Skrill (Moneybookers), POLi Payment or fasapay. You can also wire transfer funds from abroad through Bank Wire Transfers at no conversion fee if desired; this is perfect for high volume traders who don't want any hassle with exchanging currencies on the fly!

Blueberry Markets requires a minimum deposit of 100 dollars to open up an account. This amount includes spread, which means it's the base cost for trading options on their markets and does not include other fees like commissions or taxes (which could be around 8% in some cases). What you may consider as 'deposits' are typically referred to by brokers with tailored solutions--those who want access only where there is liquidity so bring high-volume traders will find this perfect opportunity at just 2 grand!

Withdrawals at Blueberry Markets are free, with no hidden fees. You will have to check the specific details of your payment provider before making a withdrawal though as regulations may apply and some charges could be waived based on international policies for money transfers - but these should not affect you too much in most cases! In any case it is important that withdrawals only go through one way; from a bank account into your (or an accomplice) wallet so make sure there aren't any issues here either by contacting customer support first if necessary.

Typically withdrawals take about 24 hours from being initiated after initial deposit confirmation which means when do we expect this type of service?

Customer Support

7 /10

Blueberry Markets Customer Support

Blueberry Markets customer support

One thing that we like about Blueberry Markets is their excellent customer service. They are always happy to help and answer any questions you may have on live chat. The support staff is knowledgeable and friendly, which makes for a positive trading experience. I didn't find any email or phone number for support.

Regulation

8 /10

Is Blueberry Markets Regulated?

Is Blueberry Markets regulated?

Blueberry Markets is a registered business name of Eightcap Pty Ltd (ABN 73 139 495 944), regulated by the Australian Securities and Investments Commission. The company's parent organization, Blueberries Group Limited was ASIC approved on July 21st 2018 following an application submitted in January this year  abn 69 060 675 521 as Corporate Authorised Representative for all jurisdictions outside Australia where it does not have representation rights through one single representative agent overseeing them across major markets.

Blueberry Markets GROUP is a registered domain of Eightcap Global Ltd (Eightcap). Eightcap is licensed and regulated by the Securities Commission of the Bahamas (the “SCB”) (SIA-F220).

Conclusion

To end our Blueberry Markets review, we can say that they offer their traders access to the global currency markets with over 300 different trading instruments to choose from. Blueberry Markets also offers a wide variety of account types, including a demo account for those who are just getting started in forex trading.

One thing we really like about Blueberry Markets is their customer support which includes 24/hour support through live chat.

The quality of education materials available on their website is also impressive. These materials include eBooks, videos, articles, and webinars which provide traders with all the information they need to be successful in the Forex market.

Overall, we were very impressed with Blueberry Markets and would recommend them to anyone looking for a reputable and reliable forex broker.

Reviewed By

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