When you open an account with Blueberry Markets, you can enter the global foreign exchange market and trade up to 40+ different currency pairs. These include major pairs like the EUR/USD, GBP/USD, and USD/JPY; minor pairs like the EUR/NZD and GBP/AUD; and exotic pairs like the USD/PLN and USD/SGD. What we’d like the traders to be aware of, as pointed out in this Blueberry Markets review, is the different regulatory terms for non-AU investors. The foreign clientele has to watch out for the increased leverage and not all safety guarantees that Australian traders enjoy.
This service is ideal for those who want to leverage professional experience and reduce the time spent on market analysis. The broker offers a free demo account with a virtual balance of $100,000, available on both the MT4 and MT5 platforms. The demo account has blueberry markets reviews no expiry, making it ideal for testing trading strategies and learning without risking actual funds.
Blueberry Markets Instruments Summary
With two account types to choose from, you can customize your trading journey to fit your individual needs and experience. Blueberry Markets offers a comprehensive selection of research tools and educational materials designed for traders across all levels of experience. Blueberry Markets supports an eight different base currencies including AUD, CAD, CHF, EUR, GBP, NZD, USD, and SGD. This variety allows traders to choose a currency that best suits their financial situation and minimises currency conversion fees. Customer feedback is overwhelmingly positive, with Blueberry Markets achieving a rating of 4.7 out of 5 stars on Trustpilot, based on 2,881 reviews.
Instruments
The broker also helps its clients’ education by providing a quality market analysis and overview. You can open an account with a minimum deposit of $100 or practice trading online with a risk-free demo trading account. I like that they provide ECN and commission free accounts with low spreads, rapid trade execution speeds and flexible leverage. You can also get access to a free VPS, trading tools, educational materials, various account funding options and excellent customer support. They have always provided me with an excellent service over the years and I think they can be an excellent choice for anyone looking to trade online in a regulated environment with minimal fuss. They also provide commission free accounts with a marked-up spread or ECN accounts with a narrower spread and a lower commission fee.
This Blueberry Markets review will shine a light on some of the best retail trading services, along with some disadvantages, of course. Since our honesty wouldn’t allow us anything less, we advise you to read our review entirely and then decide if this trading platform is right for you or not. Formed in 2016 by the Forex expert Dean Hyde, Blueberry Markets is based on the idea of providing customers with a superior platform, low spreads, and a high level of client service. At this time Blueberry Markets have a selection of YouTube videos to help educate you and ensure that you have the knowledge to make informed trading decisions. If you are new to trading, Fortrade have lots of free educational resources to help you learn more about the markets.
- Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
- If you want lots of trading tools, Markets.com have an excellent selection.
- At Blueberry Markets, the minimum deposit requirement is $100 for all account types and regulatory environments, regardless of whether you are under ASIC or FSA regulation.
There is no inactivity fee, deposits are free, and internal withdrawal fees only apply to bank wires. Blueberry Markets offers a variety of account types and services suitable for both beginner and professional traders. Options include ECN trading accounts, a free demo account, premium account programs for high-volume clients, VPS integration, and a copy trading service. Blueberry Markets provides its clients with relatively favourable trading conditions with fast response times and uninterrupted customer support.
Blueberry Markets Customer Services
Some of the most popular indices are available including the AUS200, UK100, GER30, JPN225, SPX500, FRA40, EUSTX50 and US30. They also offer online trading on spot Gold (XAU/USD) and Silver (XAG/USD) whilst there are two grades of oil (WIT & Brent) available for trading. The web version of the MT4 platform can run directly in your web browser without you needing to install any additional software. The mobile trading app is useful for those of you who wish to access your trading account and trade whilst on the go from anywhere in the world with an internet connection.
We have already discussed the broker’s regulatory status with ASIC, SVG FSA, and VFSC. Overall, we find that Blueberry Markets offers decent safety and security features. This section of our review will briefly discuss each type of trading instrument available on the platform, including leverage, spreads, and some sample prices. But before we proceed, it is worth noting that the broker gives fair warning about the risks of investing in its leveraged products, though it doesn’t provide an average loss rate. Blueberry Markets also offers demo accounts for traders who wish to practice their strategies before committing real funds. The application process for a demo account is similar but does not require document verification.
Share CFDs:
On Blueberry Markets’ trading platform, you can trade up to 2,200+ instrument CFDs, including forex currency pairs, indices, commodities, cryptocurrencies, and shares. Blueberry Markets prioritizes client satisfaction by offering exceptional customer support services. Traders can reach the support team 24/7 through various channels, including live chat, email, and phone.
- The traders can use the most trader-friendly MetaTrader 4 or take their trading experience to the next level with the multi-asset MetaTrader 5 platform with additional features.
- Blueberry Markets offers the most praised and user-friendly trading platforms from MetaQuotes.
- Our review of Blueberry Markets’ customer service found that the platform performs very well in this area.
- Yes, Blueberry Markets allows scalping, offering competitive ECN trading conditions with tight spreads and fast execution suitable for scalpers.
- These programs are designed for professional traders focused on optimizing trading costs and receiving personalized service.
- The spread on your trades will depend on the type of trading account that you choose to open.
If you trade ASX200 stocks, a 0.1% commission of the notional value traded applies. When it comes to fees, Blueberry markets doesn’t charge very many, as most of them are baked into the tight spreads. In this section of the review, we will overview the types of fees charged to help you better understand trading costs on the platform. Credible and trustworthy, Blueberry Markets is a reliable Australian broker with proper licenses.
Blueberry Markets Broker Summary of Specifications
We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors. Blueberry Markets offers three different partnership offers to allow investors to earn cash on the platform aside from their trading profits. There are way fewer reviews about this broker on ForexPeaceArmy (258, as of the time of writing), but the general sentiment is about the same. On the positive side, consider David Banks; he is happy with the swift and helpful customer support.
If you’re an experienced trader trying to improve your trading skills, these intermediate and advanced subjects are for you. The broker also provides video tutorials for its MT4 and MT5 trading platforms. For beginners who are looking for educational content, IronFX have a great selection.