Blueberry Markets review – an average CFD broker
Written by:
Written on:
13 February 2023
Last edit:
10 August 2023
Our rating:


Blueberry Markets review – an average CFD broker
Written by:
Written on:
13 February 2023
Last edit:
10 August 2023
Our rating


Margin trading involves a high level of risk and is not suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Blueberry Markets, and seek independent advice if necessary. Forex and CFDs are highly leveraged products, which means both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford to incur losses that will not adversely affect your lifestyle.
See how Blueberry Markets compares to it's closest alternatives.

Main summary

Blueberry Markets is a regulated CFD broker. The company has more than 30,000 traders around the globe and offers the full set of MetaTrader software.

With Blueberry Markets you get access to trading Forex, commodities, indices, cryptocurrencies, and shares as CFDs. The broker is regulated by ASIC and SCB. What’s more, the company has reasonable trading fees and outstanding customer support that is available 24/7.

In this review of Blueberry Markets, we’ll discuss safety, broker’s policies, available assets, trading platforms, fees, and more in detail. In addition, in case you are interested in opening a live account with this broker, we’ll guide you through the entire process of registration and account opening step by step.  

Here are the 8 pros and cons:

  • No inactivity fees
  • Offers access to MetaTrader 4 and MetaTrader 5
  • Fast and digital account opening/verification
  • Offers access to over 250 trading assets
  • Regulated in Australia and Bahamas
  • 24/7 dedicated customer support
  • The number of assets offered is limited compared to the industry leaders
  • Number of regulators is limited to only Australia and Bahamas

Blueberry Markets Fact sheet

Main features
Regulations Australia, Bahamas
Fees on deposits 0 USD
Fees on withdrawal 0 USD
Inactivity fees 0 USD
Minimum deposit 100 USD
Minimum account activation 100 USD
Number of available assets 312
Leverage up to 1:500:1
Available trading markets CFDs on Stocks, Commodities, Cryptocurrencies, Forex, Indices
Account currencies AUD, CAD, EUR, GBP, NZD, SGD, USD
Demo account Yes
Live account types Standard, Direct
Islamic account Yes
Negative balance protection Yes
Part of compensation fund Yes
Keeps funds on segregated bank account Yes
Forex 43
Shares 0
Cryptocurrencies 9
Indices 5
Total 312
Fees & spread
Forex From 0.00001
Shares N/A
Cryptocurrencies From 0.0001
Indices From 0.01
Commodities From 0.1
Platforms MetaTrader 4, MetaTrader 5
Mobile trading support Yes
Mac device support Yes
Commodities Yes
Payment systems
Payment methods Bank Transfer, Bpay, Credit/Debit Card, Crypto, Fasapay, Neteller, POLi, PayPal, Skrill
Minimum deposit Bank Transfer, Bpay, Credit/Debit Card, Crypto, Fasapay, Neteller, POLi, PayPal, Skrill
Minimum withdrawal Bank Transfer, Bpay, Credit/Debit Card, Crypto, Fasapay, Neteller, POLi, PayPal, Skrill
Withdrawal processing time Instant
Time to open an account 2
Show all

Safety & Security of Blueberry Markets

Safety and security of trading funds is the number one priority of any trader. It’s critical to pick a broker that is trustworthy and well-regulated. The level of regulation determines the level of trustworthiness.

Safety & Security of Blueberry Markets

Blueberry Markets is regulated by the Australian Securities & Investments Commission (ASIC), which is known to be a top-tier regulator. In addition, the broker is regulated and authorized by the Securities Commission of The Bahamas, known as a mild-tier regulator. 

Policies that Blueberry Markets follows

Blueberry Markets keeps traders' funds in segregated accounts, is a member of the investors' compensation scheme, and provides negative balance protection. These policies are in accordance with top-tier regulatory requirements.

This segregation increases the level of safety of your funds. Even if the broker goes bankrupt, you will get your money back.

Negative balance protection guarantees traders that their balance will never go negative, and even in the highly unlikely event of this happening, the broker takes the responsibility to cover the losses and bring the balance to zero. CFD trading is done using high leverage. Leverage enables traders to open and close positions using borrowed funds from their broker. For instance, picking 500:1 leverage means that the trader gets 500 times more purchasing power than the amount they are using to trade. As a result, if a position is too large and the market moves against the prediction with high volatility, the trader can lose more money than what was in the trading balance. To counter this, brokers use smart stop-out levels and close orders when the balance starts going negative. Each trader has its own Stop Out levels. 

Trading assets offered by Blueberry Markets

Blueberry Markets provides access to trading 312 instruments. The assets offered to represent various classes, however, are all CFDs. CFD trading has a number of benefits and drawdowns compared to investing in physical assets. 

CFD stands for Contract For Difference and enables traders to benefit from price fluctuations without owning the asset. CFD traders can go long or short and benefit from rising and falling markets. What’s more, liquidity in CFD markets is greater. On the downside, CFDs are not great for investing long-term, as there are rollover fees for keeping positions open overnight. CFD trading is great for short and medium-term speculation.

Forex trading on Blueberry Markets

There are 43 available currency pairs with Blueberry Markets. Leverage goes up to 500:1 and the trading fees depend on the account type. Leverage is a double-edged sword, as it can increase your trading funds dramatically and just as easily blow up your account if the market goes against you. The broker offers major, minor, and exotic pairs. 

There are spread-free and commission-free accounts with this broker. On the Blueberry Standard Account, you can trade currencies from a 1 pip markup, and there are no commissions. On Blueberry Direct Account, traders are charged raw spreads. On the other hand, they are charged with 7 USD commissions per lot. 

Stock CFD trading on Blueberry Markets

Blueberry Markets offers 250 stocks as CFDs for trading. As already mentioned, CFDs are great instruments for short and medium-term price speculating. For long-term investing, physical stocks are preferred. 

Here are some benefits for short-term speculators that trade CFDs:

  • CFD stock traders enjoy leverage
  • Positions can be opened in long and short directions
  • Higher liquidity
  • Fewer barriers to opening a trading account

On the downside, CFDs are charged with additional fees for keeping positions open overnight. These fees are tiny, however, they can accumulate. This is why long-term investors prefer physical assets to CFDs. 

Indices trading on Blueberry Markets

Indices are measuring the baskets of certain industry or country company stocks. For example, the US30 (Dow Jones Index) measures the performance of the top publicly traded 30 US companies. Indices are a great indicator of how certain markets and industries are performing. Traders can use indices as indicators or trade them as CFDs.

The list of Indices offered by Blueberry Markets includes the US30, UK100, SPX500, NDX100, JPN225, HK50, GER30, EUSTX50, and ASX200. 

Crypto CFD trading on Blueberry Markets

Blueberry Markets provides access to the 5 most popular crypto to USD pairs: BTC/USD, ETH/USD, LTC/USD, XRP/USD, and BCH/USD. When trading cryptocurrencies as CFDs, short-term speculators get a number of benefits:

  • You don’t need to worry about crypto wallets since you don’t actually own the asset
  • No need to worry about where to cash out profits. Profits go straight to your account balance
  • Can go long or short and take the advantage of price fluctuation
  • Can use leverage

It is worth noting that the crypto/USD pairs are not great for investing long term as these are CFDs. For long-term investing, acquiring actual tokens is more popular. 

Commodity CFD trading on Blueberry Markets

Commodities are raw materials. There are hard and soft commodities. Hard commodities are mined, and soft commodities are grown. Blueberry Markets offers access to trading CFDs of hard commodities. Spreads start from 1 pip. 

The list of commodities offered by the broker includes:

  • Gold
  • Silver
  • Platinum
  • Spot Crude Oil
  • Spot Brent Oil

Account types available for traders on Blueberry Markets

Traders come in all shapes and sizes. Some traders prefer intraday high-frequency trading, while others prefer making more calculated position trades. There are news traders, scalpers, momentum traders, algorithmic traders, and the list goes on and on. In order to meet the needs of different trader types, Blueberry Markets offers 2 account types: Blueberry Standard Account, and Blueberry Direct Account.

Pros & cons of Blueberry Markets account types

Broker offers spread-free and commission-free account typesThere’s no micro account
Enables traders to use Demo and Islamic account types 
Both account types have access to MT4 and MT5 

Blueberry Markets Demo Account

Like many other Forex brokers, Blueberry Markets provides access to a free-of-charge demo account. There are demo versions available for both Standard and Direct account types. Demo trading is very handy when it comes to learning how to use the platform and trading strategies. Demo accounts give you live trading environments, the only difference is that real money is not at risk. Such accounts are helpful not only for beginners but for pros as well. Professional traders develop and test their strategies on demo accounts and backtesting apps before taking their trades to the live market. However, keep in mind that while everything seems very similar to live trading, demo trading has its drawbacks. When live trading, traders experience real human emotions such as greed, fear of losing money, the hope of price reversals, and revenge trading after a losing trade. Unfortunately, demo accounts are not able to prepare traders physiologically. 

Blueberry Markets Standard Account

The Standard accounts are for beginner traders and position traders. The account offers more than 300 tradable instruments for trading using MetaTrader 4, MetaTrader 5, and the Web trader platforms. The minimum initial deposit required to open the account is 100 USD. There is a 1 pip spread markup and zero commission on this account type. It means that for every trade you make, the broker will charge you a pip. In live trading environments, spreads can be greater than 1 pip due to low liquidity, which is why most day traders trade during active sessions such as when Tokyo and New York markets overlap. The leverage available is up to 500:1. 

Blueberry Markets Direct Account (Islamic version available) 

The direct account also offers a swap-free account version. A swap-free account is often referred to as an Islamic account. The Standard account doesn’t have a swap-free version and therefore, people that follow Sharia law will only be able to open this version. 

The direct account has a lot in common with the Standard account. You can use MT4, MT5, and the Web platforms, trade more than 300 instruments and enjoy up to 300:1 leverage. However, there are still differences between the two, and the main one is trading fees. Direct account holders are not charged with spread markups. On the other hand, they pay commissions. There’s a 7 USD charge per round turn. It’s worth mentioning that this trading fee is reasonable. 

Getting started on Blueberry Markets – Main steps

In case you are planning to open a live trading account with Blueberry Markets and wondering how to do it, we are here to help. The web page provided by the broker for registration and account opening is easy to navigate and user-friendly. 

Step 1: Open an account

In order to open an account with Blueberry Markets, you need to press Start Trading from the broker’s webpage. You will be transferred to the registration page. First, it’s required to create a client portal. This portal will help you manage your deposits and withdrawals, contact the broker, and see your account details. The second phase is to complete your application by providing more information about yourself to the company. 


Step 2: Time to verify your account

After you provide the broker with the required information, it’s time to verify your account. Verification is very important as it gives you full access to your account. You’ll be able to withdraw funds easily after the verification process is done. 

The broker asks for 2 kinds of documents from you: 

  • Proof of residence – utility bill, bank statement, etc.
  • Proof of ID – passport, driving license, or some other form of government-issued ID that clearly shows your identification details

You can use your phone camera or upload scanned versions of your documents. Keep in mind that if you decide to take photos, you need to make sure that there are no shadows or light reflections and that the information is clearly visible. After the documents are uploaded, it usually takes 24 hours to approve. 

Step 3: Make your deposit and start trading

After you receive an email informing you that your account has been verified, you can start funding and trading. Keep in mind that most novice traders blow up their accounts due to high leverage, oversized positions, a failure to properly manage risk and emotions, as well as a lack of a working trading system.

Fees & commissions of Blueberry Markets

When comparing trading fees, it’s worth mentioning that the broker has two account types and different fee structures for each. We’ll compare Blueberry Markets’ prices with other brokers' fee policies for better visualization and to make the comparison fair, we’re picking the Standard account that has 1 pip spread markups and zero commissions. The broker has very reasonable trading fees. 

Comparing Blueberry Markets fees with other brokers

Blueberry Markets doesn’t charge clients deposit and withdrawal fees. What’s more, there are no inactivity fees.

Blueberry Markets fees compared to Interactive Brokers fees

Type of FeeBlueberry MarketsInteractive Brokers
EUR/USD SpreadFrom 1 pipFrom 0.6
Fees on DepositsNo1%
Inactivity feeNoNo*

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

Blueberry Markets fees compared to eToro fees

Type of FeeBlueberry MarketseToro
EUR/USD SpreadFrom 1 pipFrom 1
Fees on DepositsNo$5 on withdrawals
Inactivity feeNoYes, $10/m

Blueberry Markets fees compared to IG fees

Type of FeeBlueberry MarketsIG
EUR/USD SpreadFrom 1 pipFrom 0.8
Fees on DepositsNoNo
Inactivity feeNoYes, $10/m

Blueberry Markets fees compared to XM fees

Type of FeeBlueberry MarketsXM
EUR/USD SpreadFrom 1 pipFrom 0.6
Fees on DepositsNoNo
Inactivity feeNoYes, $15 after 12 months, +$5/m

Blueberry Markets fees compared to AvaTrade fees

Type of FeeBlueberry MarketsAvaTrade
EUR/USD SpreadFrom 1 pipFrom 0.9
Fees on DepositsNoNo
Inactivity feeNoYes, $50 after 3 months, $100 administration fee after a year

Blueberry Markets fees compared to fees

Type of FeeBlueberry
EUR/USD SpreadFrom 1 pipFrom 0.9
Fees on DepositsNoNo
Inactivity feeNoYes, $50 after 3 months, $100 administration fee after a year

Trading platforms of Blueberry Markets reviewed

Blueberry Markets offers MetaTrader 4, MetaTrader 5, and Web Trader. Web trading platform enables traders to access markets without the need of downloading and installing platforms on PCs. However, desktop versions are more reliable and MetaTrader platforms truly shine when it comes to reliability. MT4 and MT5 are the most popular trading platforms out there today as they became an instant success the moment they were released. As a result, there’s a large variety of custom-built indicators and algorithms available on Meta Market. The platforms enable automated trading using trading algorithms called Expert Advisors. It’s worth mentioning that MT4 is mainly for trading FX pairs and MT5 is a multi-asset platform.

Mobile Trading on Blueberry Markets

Mobile trading is available for both Android and iPhone users. The apps are available for both MT4 and MT5 platforms. It is not recommended that you analyze the markets using your phone or use it as the main device for trading. For conducting decent analysis, traders require desktop computers. However, mobile apps are very useful when it comes to emergency situations. They keep traders close to markets no matter where they are. They can open, close, and manage trades using their mobiles. In this regard, Blueberry Markets’ mobile apps have all the features that traders require for mobile trading.

Education and research tools

A quality education is essential for novice traders. Blueberry Markets provides many tools for research and a wide range of educational materials. Beginner traders can check MetaTrader platform video tutorials, as well as trading guides for beginners, intermediate traders, and even advanced traders on the broker’s main page. In addition, the broker provides an economic calendar, a weekly newsletter, news, market analysis, and information regarding trading hours of various trading sessions around the world.

Customer support of Blueberry Markets

Blueberry Markets understands that for achieving great results in a service-oriented business, it’s critical to establish and maintain a positive relationship with customers. The broker enables 24/7 customer support. Most other brokers only provide 24/5 support. The Customer Support agents are accessible via live chat, over the phone, or through email. The team is highly professional and friendly when it comes to answering questions and guiding customers.


To sum everything up, Blueberry Markets has an average number of assets, is regulated by ASIC and SCB, offers access to both MetaTrader platforms and a Web Trader, and has reasonable trading fees. The broker boasts over 30,000 active clients and offers Forex, commodities, indices, cryptocurrencies, and shares as CFDs. There are two main account types that will appeal to various types of traders. Position and beginner traders can enjoy a Standard account (1 pip spread markup, zero commission), and intraday traders can use a Direct account (0 pip spread markup and 7 USD commission per lot round turn).

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FAQs on Blueberry Markets

Is Blueberry Markets a good broker?

Blueberry Markets is an average broker that offers more than 300 instruments using the MetaTrader platforms. Trading fees are reasonable, customer service is great, and trading conditions are average. 

Is Blueberry Markets a regulated broker?

Yes, Blueberry Markets is authorized and regulated by the Australian Securities and Exchange Commission (ASIC), and by the Securities Commission of The Bahamas (SCB). In addition, the broker keeps clients’ funds in segregated accounts which increases safety and security even more. 

What can I trade with Blueberry Markets?

Blueberry markets offer more than 300 assets across various asset classes. Traders have access to 43 Forex pairs, 250 shares as CFDs, 5 cryptos as CFDs, 9 indices, and 5 commodities. The broker is limited to CFDs and doesn’t offer physical securities such as real stocks. 

What platform should I pick if I want to trade shares with Blueberry Markets?

For share CFD trading, it’s better to pick MetaTrader 5. The platform was designed for trading various asset types and the MT4 is mainly used for trading currencies. MT5 has more time frames, more charts, and more tools for analyzing the markets than MT4.