Blueberry Markets Review: Ultimate Trading Guide

Blueberry Markets has emerged as a prominent name in the competitive world of forex trading, meeting the diverse needs of traders with technology.

This review explores various aspects of Blueberry Markets, such as its founding background, regulatory compliance, product offerings, and trading platforms. The aim is to provide a comprehensive understanding of what the broker brings to traders.

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Blueberry Markets: Overview 

Blueberry Markets, founded in 2016 by Dean Hyde, represents a fresh approach to the retail forex market. Hyde’s vision was to create a brand that stood out for its low spreads and exceptional client service. 

Blueberry Markets provides account options, including a standard account and a direct account, each offering distinct features for traders at various levels. In addition, the firm stands out for its impressive array of trading products, which includes major and minor currency pairs, cryptocurrencies, commodities, and indices.

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Regulation and Registration 

Blueberry Markets ensures a secure and trustworthy trading environment for its clients. The broker is authorized by the Australian Securities and Investments Commission (ASIC) under the name Blueberry Markets Pty Ltd. It operates as a Corporate Authorized Representative (CAR) under ACY Capital Pty Ltd, which holds an Australian Financial Services License (AFSL). Additionally, Blueberry Markets is authorized by the Vanuatu Financial Services Commission (VFSC) under ACY Capital Australia Limited.

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Account Types of Blueberry Markets

1. Blueberry Standard Account

• Minimum Deposit: $100
• Spread: From 1.0 pips
• Commission: $0
• Maximum Leverage: 1:500
• Instruments: Forex, shares, cryptocurrencies, commodities & metals, indices

2. Blueberry Direct Account

• Minimum Deposit: $100
• Spread: From 0.0 pips
• Commission: $7
• Maximum Leverage: 1:500
• Instruments: Forex, shares, cryptocurrencies, commodities & metals, indices

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Deposit and Withdrawal

Blueberry Markets offers a variety of deposit methods available to suit different regional preferences, including bank wire, China Union Pay, credit card, cryptocurrency, Dragonpay, FASA, Neteller, Paytrust, Perfect Money, Skrill, STICPAY, THB QR Payment, and Kora Pay. The minimum deposit for most methods is $100, generally processed within 24 hours without any fees.

Withdrawals are processed within 1 to 7 business days (Monday to Friday, 9:00 am to 5:00 pm GMT+10) once the payment profile has been verified. The minimum withdrawal amount for these methods is $50. Withdrawals may incur fees such as around $25 fee for bank wire, a 1% fee for cryptocurrency, and potential fees from receiving banks or some payment providers. However, Skrill is not available to EU clients. 

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Products in Blueberry Markets

• Forex
• Shares
• Cryptocurrencies
• Commodities & Metals
• Indices

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Trading Platform of Blueberry Markets

• MetaTrader 4
• MetaTrader 5

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Fees of Blueberry Markets

For forex and CFD products, there are no direct charges, but swap rates are applicable for trades held past the rollover time (23:58 – 00:02 platform time). An additional fee of  28 AUD per month is charged for accessing ASX200 single-stocks on MT5, along with a 0.1% commission of the notional value traded. This monthly fee is waived if a trader’s commission exceeds $28 over the month. 

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Blueberry Markets Promotions

Blueberry Markets is offering cash bonus promotions for a limited time, specially customized to both new and existing customers. Below are the details of these promotions:

• $500 Cash Bonus Offer: Deposit $2000 (USD) and trade 5 lots to earn a $500 cash bonus, enhancing your trading journey at Blueberry Markets.
• $1000 Cash Bonus Offer: For AlgoVentures customers, deposit $5000 (USD) and trade 5 lots to receive a $1000 cash bonus, significantly boosting your trading account.

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Customer Support 

• Email: [email protected]
• Phone: +61 2 7908 3946, +61 2 8039 7480
• Live Chat: Available 24/7

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Pros & Cons 

Pros Explained

• Blueberry Markets offers low spreads, making trading more cost-effective.
• The broker provides multiple account options to different trader needs.
• The broker features a wide range of trading products for diversified trading.
• Strong regulatory compliance is maintained, ensuring a secure trading environment.
• The broker offers various deposit methods for global accessibility.
• Deposits are processed quickly, usually within 24 hours.
• Customer support is available 24/7 for continuous assistance.

Cons Explained

• Promotions have a limited duration, reducing long-term benefits.
• Certain services, like accessing ASX200 single-stocks, incur additional fees.
• Some withdrawal methods may incur fees, affecting the overall cost.
• Skrill is not available for EU clients, limiting their payment options.

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Is Blueberry Markets Worth Considering?

Blueberry Markets has consistently offered a fresh and client-focused approach in the retail forex market. The firm offers standard and direct accounts, supporting different trading levels and needs. Furthermore, it stands out for a variety of trading products and payment options

Although it excels in offering a lot of trading products and strong regulatory compliance, traders should be aware of certain limitations, such as fees for specific services and regional restrictions on payment methods. Overall, Blueberry Markets presents a compelling choice for traders seeking a reliable and versatile trading platform.

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FAQs

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