Blueberry Markets Review

Overview

Blueberry Markets is an Australian forex and CFD broker founded in 2016 by Dean Hyde, a former AxiTrader executive. The broker operates under ASIC regulation (AFSL 391441) through its parent entity Eightcap Pty Ltd, with additional licences from the Vanuatu Financial Services Commission (VFSC) and the Financial Services Commission of Mauritius.

With over 300 tradable instruments, raw spreads from 0.0 pips on its Direct account, and platform support for MT4, MT5, TradingView, and cTrader, Blueberry Markets targets active retail traders who want institutional-grade pricing without a high barrier to entry. The minimum deposit is $100.

The broker holds a 4.5 out of 5 rating on Trustpilot from over 3,200 reviews, which puts it among the higher-rated brokers in the Australian market. Client funds are segregated in trust accounts with AA-rated Australian banks, and negative balance protection is standard across all accounts.

Regulation and Safety

Blueberry Markets holds three regulatory licences across different jurisdictions. This multi-entity structure is common among Australian brokers that serve both domestic and international clients.

• ASIC (Australia) - Australian Financial Services Licence 391441, held through Eightcap Pty Ltd. This is a Tier-1 licence and the strongest regulatory credential the broker carries. ASIC enforces strict capital adequacy requirements, mandatory client fund segregation, and dispute resolution through the Australian Financial Complaints Authority (AFCA).
• VFSC (Vanuatu) - Registration No. 40377. The offshore entity, Blueberry Markets (V) Ltd, provides access to higher leverage (up to 1:500) for international clients who do not fall under ASIC jurisdiction.
• FSC Mauritius - Global Business Licence GB24203929. Blueberry Markets (Mauritius) Ltd serves clients in additional jurisdictions outside Australia and Vanuatu.

Client funds are held in segregated trust accounts with AA-rated Australian banks. This means your trading capital is kept separate from the company's operational funds. If Blueberry Markets were to face financial difficulties, client funds would remain protected.

Negative balance protection is included for all account types, meaning you cannot lose more than your deposited amount. This applies to both ASIC and offshore clients.

The ASIC licence is the key selling point here. Australian retail clients are subject to ASIC product intervention rules, which cap leverage at 1:30 for major forex pairs but also enforce stronger consumer protections. Offshore clients through the VFSC entity can access leverage up to 1:500 but with fewer regulatory safeguards.

Account Types

Blueberry Markets keeps things simple with two account types. Both require a $100 minimum deposit and support micro lot trading (0.01 lots). There is no premium or VIP tier, which keeps the offering transparent.

The Standard account rolls all costs into the spread, making it straightforward for newer traders who prefer not to calculate commission costs separately. Spreads start from 1.0 pips on EUR/USD, with typical averages around 1.2 pips during London and New York sessions.

The Direct account strips the spread back to raw interbank pricing and charges a flat $7 per lot round turn ($3.50 per side). This is competitive but not the cheapest in the market. IC Markets charges $7 per lot on its Raw Spread account but tends to offer tighter average spreads. Pepperstone charges $7 per lot on its Razor account with similar raw pricing.

Both accounts support all available platforms and instruments. There is no restriction on which account type can access cTrader or TradingView, which is a positive. Some brokers reserve certain platforms for higher-tier accounts.

Eight base currencies are supported: AUD, USD, EUR, GBP, CAD, NZD, SGD, and CHF. Choosing a base currency that matches your deposit currency avoids conversion fees.

Trading Conditions

Spreads

On the Direct account, EUR/USD spreads start from 0.0 pips with a typical average around 0.1 pips during peak trading hours. GBP/USD averages approximately 0.3 pips, and USD/JPY sits around 0.2 pips. These figures are drawn from third-party spread comparison data.

The Standard account shows EUR/USD from approximately 1.2 pips, GBP/USD around 1.5 pips, and USD/JPY near 1.3 pips. These are reasonable figures for an ASIC-regulated broker, though not market-leading. Traders who execute more than a few lots per day will likely save money on the Direct account despite the commission.

Leverage

Maximum leverage depends on your regulatory entity:

• ASIC clients: 1:30 for major forex, 1:20 for minor pairs and gold, 1:10 for commodities, 1:5 for share CFDs, 1:2 for crypto CFDs
• VFSC/Mauritius clients: Up to 1:500 across forex pairs, with lower caps on other asset classes

If you need high leverage and are based outside Australia, the offshore entity provides that flexibility. Australian residents are restricted to ASIC caps regardless of preference. The broker allows offshore clients to self-select lower leverage limits through the client portal, which is a useful risk management feature.

Execution

Blueberry Markets uses a straight-through processing (STP) model, routing orders directly to liquidity providers without a dealing desk. This should result in faster fills and fewer requotes, particularly on the Direct account where raw pricing is sourced from multiple Tier-1 liquidity providers.

The broker offers a free VPS (Virtual Private Server) for traders who maintain a minimum monthly trading volume of 10 standard lots. This is particularly useful for EA traders running automated strategies on MT4 or MT5 who need consistent uptime and low latency.

Trading Platforms

Blueberry Markets supports five trading platforms, giving traders more choice than many competitors at this level. This is one of the broker's strongest differentiators.

• MetaTrader 4 (MT4) - The industry standard for retail forex. Full Expert Advisor (EA) support, custom indicators, one-click trading, and mobile apps for iOS and Android. MT4 does not support share CFDs or crypto CFDs.
• MetaTrader 5 (MT5) - The successor to MT4 with improved charting, 21 timeframes (vs 9 on MT4), depth of market, and access to share CFDs and crypto CFDs not available on MT4. Also supports EAs and custom indicators.
• TradingView - Direct integration allows you to trade from TradingView charts without switching platforms. TradingView is widely considered the best charting platform available, with over 100 built-in indicators and a massive community of script developers. The ability to execute directly is a genuine advantage for the many traders who already use TradingView for analysis.
• cTrader - Advanced order types, Level II pricing, and cAlgo for algorithmic trading. cTrader is popular with scalpers due to its faster execution and more granular order management. It also offers cTrader Copy for social trading.
• WebTrader - Browser-based access with no download required. Suitable for quick market checks or trading from shared computers.

The TradingView and cTrader integration sets Blueberry Markets apart from many similarly-sized Australian brokers. Most brokers at this tier only offer MT4 and MT5. If you already use TradingView for analysis, having execution integrated into that workflow removes a significant friction point.

Blueberry also offers Blueberry Social, a copy trading feature that allows you to follow and replicate trades from other users. This is useful for newer traders who want exposure to more experienced strategies.

Instruments

Blueberry Markets offers over 300 tradable instruments across five asset classes:

• Forex: 44 currency pairs including majors (EUR/USD, GBP/USD, USD/JPY), minors (EUR/GBP, AUD/NZD), and exotics (USD/TRY, USD/ZAR)
• Indices: 30+ global indices including AUS200, UK100, SPX500, US30, GER40, JPN225, and FRA40
• Commodities: Gold (XAU/USD), silver (XAG/USD), crude oil (WTI and Brent), and natural gas
• Share CFDs: 50+ top US and Australian shares including Apple, Tesla, Amazon, and BHP
• Crypto CFDs: Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash (MT5 only)

The forex and indices range is solid and covers what most retail traders need. The commodity selection is limited compared to brokers like Pepperstone or FP Markets, which offer a broader range of metals, energies, and agricultural commodities.

Crypto CFDs are only available on MT5, which is worth noting if you trade on MT4 or cTrader and want crypto exposure. The share CFD range is decent but not extensive. Brokers like IG or CMC Markets offer thousands of share CFDs by comparison.

Deposits and Withdrawals

Blueberry Markets does not charge any fees for deposits or withdrawals, which is a notable advantage over many competitors. However, third-party fees from banks or payment processors may still apply, particularly for international bank wires.

Withdrawal requests are processed within one business day (Monday to Friday, 9am-6pm AEST). The minimum withdrawal is $50. E-wallet and crypto withdrawals tend to arrive fastest, often within a few hours during business days.

International bank wires may incur intermediary bank charges of approximately $25 or more, which are outside Blueberry's control. Card withdrawals are typically processed within 1 business day but may take 2-5 days to appear on your statement depending on your bank.

Eight base currencies are supported: AUD, USD, EUR, GBP, CAD, NZD, SGD, and CHF. Having your account in your local currency avoids conversion fees on deposits and withdrawals.

Customer Support

Blueberry Markets offers customer support 24 hours a day, 5 days a week through three channels:

• Live Chat - Available on the website and generally the fastest way to get a response. Support agents are based in Australia and typically respond within 1-2 minutes during business hours.
• Email - support@blueberrymarkets.com. Response times are usually within 24 hours.
• Phone - Direct phone line for Australian and international clients.

The broker's Trustpilot profile shows that Blueberry Markets responds to 100% of negative reviews within two days, which indicates a proactive approach to customer complaints. Multiple reviews highlight fast and helpful responses from the support team.

There is no 24/7 support, which is a limitation for traders in Asian or Pacific time zones who trade during the weekend. However, 24/5 coverage is standard for brokers at this tier.

Trustpilot Rating

Blueberry Markets holds a 4.5 out of 5 rating on Trustpilot from over 3,200 reviews. That is a strong score for a forex broker. Approximately 87% of reviewers gave a 5-star rating, with only 4% leaving 1-star reviews.

Positive reviews consistently mention fast withdrawal processing, responsive customer support, and tight spreads on the Direct account. Several reviewers specifically praised the TradingView integration and the ease of account setup.

The most common complaints relate to occasional platform freezes during high-volatility events (such as NFP releases) and execution delays during rapid market moves. These are not unique to Blueberry Markets and affect most STP brokers during extreme volatility.

Blueberry Markets has responded to 100% of negative reviews within two days, which suggests an active customer service team that takes feedback seriously. This response rate is better than most competitors.

Fees Summary

The absence of deposit, withdrawal, and inactivity fees is a clear positive. Many brokers charge $10-$50 for inactivity after 3-6 months of no trading. Blueberry does not penalise dormant accounts.

The all-in cost on the Direct account for a standard lot of EUR/USD works out to approximately $7.10-$8.00 (commission plus typical spread cost). On the Standard account, the equivalent cost is roughly $12-$15 per lot based on typical spread widths. Active traders will almost always save money on the Direct account.

Who Should Use Blueberry Markets

Blueberry Markets suits several trader profiles:

• Active traders and scalpers who want raw spreads from 0.0 pips on the Direct account with cTrader or MT5 for fast execution
• TradingView users who want to execute trades directly from their charts without switching between platforms
• Australian traders who want the protection of ASIC regulation with segregated funds held at an AA-rated bank
• Intermediate traders looking for a reliable broker with a low $100 entry point and no hidden fees on deposits or withdrawals
• EA and algo traders who can benefit from the free VPS offering with 10+ lots monthly volume

The broker is less suitable for traders who need an extensive commodity or share CFD range, those who specifically want crypto CFDs on MT4 or cTrader, or US-based traders (Blueberry does not accept US clients).

Final Thoughts

Blueberry Markets is a solid mid-tier Australian broker that punches above its weight in platform variety. The combination of MT4, MT5, TradingView, and cTrader is unusual for a broker of this size and gives traders genuine flexibility in how they access the markets.

The ASIC regulation through Eightcap, segregated funds with AA-rated banks, and negative balance protection provide a strong safety net. Spreads on the Direct account are competitive, though the $7 round turn commission is average rather than exceptional.

Where Blueberry falls short is in its limited commodity and share CFD range compared to larger brokers, and the fact that crypto CFDs are restricted to MT5. The broker also lacks a proprietary mobile app, relying instead on the mobile versions of MT4, MT5, and TradingView.

Overall, if you value platform choice and ASIC-level regulation without paying premium prices, Blueberry Markets deserves a place on your shortlist. The 4.5 Trustpilot score from 3,200+ reviews and the zero-fee policy on deposits and withdrawals add further confidence.

Frequently Asked Questions

Is Blueberry Markets regulated?

Yes. Blueberry Markets is regulated by ASIC in Australia (AFSL 391441 through Eightcap Pty Ltd), the VFSC in Vanuatu (No. 40377), and the FSC in Mauritius (GB24203929). ASIC is a Tier-1 regulator, providing strong client protections including segregated funds and negative balance protection.

What is the minimum deposit for Blueberry Markets?

The minimum deposit is $100 for both the Standard and Direct account types. Eight base currencies are available: AUD, USD, EUR, GBP, CAD, NZD, SGD, and CHF.

What platforms does Blueberry Markets support?

Blueberry Markets supports MT4, MT5, TradingView, cTrader, and WebTrader. The TradingView integration allows direct trade execution from charts, and cTrader provides advanced order types and algorithmic trading via cAlgo.

Does Blueberry Markets charge withdrawal fees?

No. Blueberry Markets does not charge any fees for deposits or withdrawals. However, third-party charges from banks or payment processors (such as international wire transfer fees of approximately $25+) may still apply.

What leverage does Blueberry Markets offer?

Leverage depends on your regulatory entity. Australian clients under ASIC are capped at 1:30 for major forex pairs. International clients through the VFSC or Mauritius entity can access leverage up to 1:500.

Does Blueberry Markets accept US clients?

No. Blueberry Markets does not accept clients from the United States, Japan, or several other restricted jurisdictions including Iran, Iraq, North Korea, Russia, and Syria. The full list of restricted countries is available on their website.