Blueberry Markets Review 2022

Platforms and Tools
Customer Support
Tradable Instruments
Account Types and Terms
Deposit and Withdrawal

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

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Please note: For our review of Blueberry Markets, we used a Standard Account, testing the performance of the desktop version of the broker’s platform (MetaTrader 5), mobile app and website. We set up a live account with Blueberry Markets Pty, which is the registered business name of Eightcap Pty Ltd. In other words, Blueberry operates as a white label of Eightcap.

Data was collected between the 25th and 26th of April.

The Big Picture

In a little over six years, Blueberry Markets has become one of Australia’s most popular brokers, with over 30,000 clients. The company is also rapidly expanding its operations overseas, attempting to win clients over with low spreads, extensive customer support and flexible trading conditions.

The broker’s primary entity, Blueberry Markets Pty Ltd., is quite secure as it is licensed by a top-tier regulatory body. However, the broker’s offshore entity, authorised by Eightcap Global Limited, has a looser offshore regulation. Blueberry’s overall trust level suffers a bit because of it.

Blueberry’s low fees are particularly convenient for beginner retail traders with more moderate account balances, though seasoned trades would almost certainly enjoy the broker’s competitive costs too. They can also combine the flexible trading solutions afforded by Blueberry’s different account types with the practicality of MT5 and the over 300 available instruments.

Blueberry Markets Key Takeaways for 2022

  • We evaluated Blueberry Markets across 9 categories (Trust and Stability, Fees, Tradable Instruments, Account Types, Deposit and Withdrawal, Research, Customer Support, Education, and Platform and Tools).
  • Blueberry Markets scored low in the Trust category. While Blueberry Markets Pty Ltd. the broker’s primary entity is licensed by ASIC, Blueberry Markets Global is authorised by the SCB and VFSC. Overall, Blueberry’s final mark suffers because of its looser offshore licensing.
  • The broker got a very high mark in the Fees category because of its competitive spreads and low trading costs. It also earned almost perfect scores in the Account Types and Deposits and Withdrawals categories because of its diverse trading and transaction solutions.
  • Blueberry Markets also scored quite high in Customer Support because of its 24/7 availability. The broker also has ample research tools, though its educational materials lack complexity; for instance, there are no webinars.
  • Blueberry Markets performed decently in the Instruments and Platforms categories. It offers a reasonable amount of CFD instruments, but there are no bonds and ETFs. Though quite sophisticated, Blueberry Markets’ MT5 lacks diversity in some components, chiefly with regard to the available chart types and timeframes.
  • With its highly informative educational materials, beginner traders can benefit the most from Blueberry Markets. Content is available in different formats, such as videos and written articles, making it diverse and easily accessible.
  • Seasoned traders can take advantage of Blueberry’s instant trade execution option coupled with the broker’s very low spreads to maximise the efficiency of intricate trading strategies such as hedging and scalping.

Who is Blueberry Markets For?

Blueberry’s service caters primarily to the needs of small retail traders who may be newcomers to the world of trading. The very low trading costs coupled with the broker’s excellent customer support and informative educational materials can help traders with moderate means and limited knowledge gradually gain experience and grow more confident.

Blueberry Markets Pros and Cons

Pros Cons
  • Very low spreads
  • Strong licensing by ASIC
  • 24/7 customer support
  • Multiple deposit and withdrawal options with no charges
  • Weak offshore licensing by SCB and VFSC
  • No compensation scheme



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


About the Author

Plamen Stoyanov
Personal Name: Plamen Stoyanov Author with FX Empire since March 2022 Education and Work Information Education: BA in Economy and International Relations
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How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
Blueberry Markets Main Features
ASIC (Australia), VFSC (Vanuatu), SCB (Bahamas)
Supported Languages
Products (CFD)
Currencies, Commodities, Indices, Stocks
Min Deposit
Max Leverage
1:30 (ASIC), 1:500 (VFSC), 1:200 (SCB)
Trading Desk Type
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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

Blueberry Markets Full Review


How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

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With good overall transparency and strong regulation in Australia, but much weaker offshore licences, Blueberry scored moderately low in the Trust category of our review. The company is licensed by several regulators, entailing varying degrees of protection for traders.

Blueberry Regulations

In our reviews, we examine the licences and regulations of each entity operated by a broker. This allows us to compare each entity’s different levels of protection. We rank licences by various regulatory bodies on a three-tier system, where tier-1 licensing indicates the highest level of regulation.

This is what we found concerning Eightcap’s two entities and their licences and regulations:

  • Blueberry Markets Pty Ltd is the broker’s primary entity and it is the authorised representative of Eightcap Pty Ltd. The entity is authorised by the Australian Securities and Investments Commission (ASIC) under registration number AFSL 391441. ASIC is a tier-1 regulator.
  • Eightcap Global Limited is the broker’s offshore entity and it operates under the ‘Blueberry Markets Global’ business name. The entity is licensed and regulated by the Securities Commission of the Bahamas (SCB) under registration number SIA-F220. SCB licensing represents tier-3 regulation.
  • Eightcap Global Limited is also licensed by the Vanuatu Financial Services Commission (VFSC) under registration number 40377. This offshore licensing represents tier-3 regulation as well.
Blueberry Markets Pty Ltd. ASIC licence

We have summarised the most essential aspects of Blueberry Markets’ entities in terms of regulation and safety in the table below:

Entity Features Blueberry Markets Pty Ltd. Blueberry Markets Global
Country/Region Sydney, Australia Port Vila, Bahamas
Regulation ASIC under registration number AFSL 391441

SCB under registration number SIA-F220

VFSC under registration number 40377

Segregated Funds Yes Yes
Negative Balance Protection Yes Yes
Compensation Scheme No No
Maximum Leverage

1:30 for retail traders

1:200 for traders classified as ‘wholesale’


Why Is It Important to Know Where Your Broker Subsidiary (Entity) is Regulated?

Financial regulatory frameworks are not uniform globally, so licences obtained from diverging regulatory bodies entail varying degrees of protection. In order to provide financial services to overseas clients, brokers obtain authorisation from international regulators. In some cases, those offshore regulations may entail looser overall protection, and that is why traders need to be familiar with the type of regulation that their broker’s entity is complying with.

Here is what traders need to be looking for in a trustworthy broker:

  • Segregation of client funds. Most regulators require brokers to keep their clients’ funds separately from accounts used for the broker’s own capital. This is done to mitigate the risk of accounting errors and fraudulent activity. Both of Eightcap’s entities comply with this requirement.
  • Negative balance protection. Negative balance protection means that if a trader’s account balance drops below zero, the broker would waive its right to claim the deficit from the trader and will return the account balance to zero. This means that you cannot lose more money than what you have invested into your account. Eightcap’s two entities have negative balance protection for retail traders, though professional traders are exempt.
  • Compensation scheme. Compensation schemes protect the trader against unlikely events such as the broker becoming insolvent. Neither of Eightcap’s two entities has a compensation scheme, meaning that its clients are liable for the broker’s credit risk. In other words, they may not be reimbursed should the broker, or one of the banks it works with, become incapable of paying its debt.
  • Standard leverage. Under the most rigorous regulatory frameworks, brokers must provide a standard leverage of 1:30 for retail traders. This is the case for Eightcap Pty Ltd. under ASIC regulation, but Eightcap’s offshore entity has a maximum leverage of 1:500. Generally, standardising the leverage reduces the risk a trader may face from unrestrained market exposure.

Is Blueberry Markets Safe to Trade With?

Clients from Australia may enjoy the greatest level protection with Eightcap Pty Ltd, which is licensed by a top-tier regulator. Even though ASIC does not require brokers to have a compensation scheme in place, compliance with its regulatory framework ensures a high level of security.

Blueberry Markets is a reputable broker and a solid partner for retail and professional traders alike.

Blueberry Markets Global is authorised by Eightcap Global Ltd and therefore licensed by two offshore regulators, which do not impose strict financial regulations similar to those of the Australian Securities and Investments Commission. This means that international clients of the broker may enjoy a lower overall level of protection with Blueberry Markets’ second entity due to looser regulation.

Stability and Transparency

In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focused on how long the broker has been in business, the size of the company and how transparent they are in terms of information being readily available.

Blueberry Markets’ overall transparency level suffers a bit because the spreads on a Standard account are not easy to make out at first. That is so because the spreads quoted on the website are the raw spreads obtained by Blueberry Markets’ liquidity providers. Traders might falsely assume those pertain to the Standard account. There should have been a disclaimer explaining that those raw spreads are active on a Blueberry Direct account.

Blueberry Markets’ disclaimer

Moreover, a Blueberry Markets demo account does not incorporate all of the tradable instruments that are available on a Standard account, meaning that potential clients will not be able to measure all spreads on a practice account. They can thus be left with the false impression that Blueberry Markets charges lower spreads on its Standard account if they refer solely to the spreads quoted on the website.

We also noticed that information regarding the availability of swap-free trading is lacking on the website. Instead, traders have to contact Blueberry’s customer support to inquire more about the Islamic account’s conditions.

Despite these minor issues with the transparency on Blueberry Markets’ website, the broker is quite stable and reliable. Clients from Australia, in particular, can enjoy a significant level of protection owing to Blueberry’s regulation by ASIC. And while Blueberry’s offshore licensing by the VFSC and SCB entails looser regulatory oversight, this does not necessarily mean weaker protection.


How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

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Blueberry Markets offers competitive trading conditions at a low cost, which is why the broker scored highly in the Fees category. We found that Blueberry Markets charges medium to low spreads and swap fees, in addition to commission-free trading on a Standard account. The broker does not charge fees on deposits and withdrawals, while accounts that have been inactive for more than a month are not liable to a dormant fee.

Blueberry Markets makes money primarily via the spreads it charges traders, and we found those spreads to be quite competitive compared to the industry. The pricing model of the broker is thus its greatest advantage. Blueberry’s conditions cater to the needs of both traders who execute multiple low-volume transactions and traders who place high-volume orders less frequently.

As an STP broker, Blueberry Markets filters the most competitive spreads out of a pool of price quotes obtained from its liquidity providers. Blueberry’s fixed spread markup, starting from 1.0 pips on a Standard account, is then added to these raw spreads obtained from Blueberry’s liquidity providers.

Blueberry Markets’ pricing engine

Concerning Blueberry Markets’ non-trading costs, the broker does not charge anything for deposits or withdrawals. There are also no fees for inactivity. Accounts on which no orders have been executed for at least a month or the account balance has dropped below 50 units of the base currency will be archived instead.

Blueberry Markets Trading Fees

Blueberry Markets Spreads

We tested the spreads on a Standard Blueberry Markets account during the London open at 8am UK time and just after the U.S. open at 2.45pm UK time. These are the most actively traded times. The test was conducted on the 25th of April, 2022.

Instrument Live Spread AM Live Spread PM
EURUSD 1.1 pips 1.3 pips
GBPJPY 1.8 pips 2.1 pips
Gold (XAUUSD) 15 pips 12 pips
WTI Oil 0.04 pips 0.05 pips
Apple 0.20 points 0.20 points
Tesla 1.27 points 0.57 points
Dow Jones 30 1.44 basis points 1.64 basis points
DAX 30 1.5 basis points 3.0 basis points

Blueberry obtains its liquidity from various financial institutions and banks, which allows the broker to filter the most competitive spreads at any one moment. For instance, the raw spread of 0.1 pips on the EURUSD was added to the broker’s fixed cost of 1.0 pips, which amounted to the 1.1 pips that were charged to clients with Standard accounts during the UK open on the 25th of April.

Traders who have opted for the Blueberry Direct account instead would have been charged only the raw 0.1 pips spread, but they wouldn’t have enjoyed commission-free trading.

Blueberry Markets Swaps

A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

The values listed below are for one full contract (100,000 units) of the base currency.

Instrument Swap Long Swap Short
EURUSD Charge of $4 Credit of $2
GBPJPY Credit of $1 Charge of $6

We found the broker’s swaps to be quite low, below the industry average. Swaps, however, similarly to spreads, are prone to fluctuate as the underlying market volatility changes. Therefore, traders may have to pay higher rollover costs when general market uncertainty is elevated.

Are Blueberry Markets’ Fees Competitive?

We found Blueberry Markets’ trading and non-trading fees to be very competitive. This is primarily due to the broker’s ability to filter out the lowest spreads from its pool of liquidity providers. Additionally, there are no commissions on a Standard account, Blueberry Markets does not charge anything for deposits and withdrawals, and there is no inactivity fee.

Platforms and Tools

How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

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Blueberry Markets earned an above-average score in the Platforms category because of its trading software’s overall functionality and ease of use. Traders can choose between MetaTrader 4 and MetaTrader 5. Both incorporate a wide range of tools, allowing traders to execute probing technical analyses.

MetaTrader 5 incorporates multiple trading indicators and drawing tools that can be used to study every facet of the behaviour of the price action with great precision. This is complemented by Blueberry Markets’ one-click trading and instant order execution options. Low latency trading is also accommodated by Blueberry’s VPS feature that allows orders to be filled within 1-3 ms or less.

The one minor drawback of the platform is that it lacks certain chart types, such as Renko and Heikin Ashi. This is not a big issue, however, as the vast majority of traders use regular candlesticks, which are available.

Automated trading is permitted on the platform, and traders may run different types of bots. And with the recent inclusion of the DupliTrade option, Blueberry’s clients can also take advantage of social trading.

As regards Blueberry Markets’ mobile app, even newbie traders can get used to its layout in just a few hours. And while it is virtually impossible to conduct thorough technical analyses on a small-screened smartphone, the app is an indispensable asset for managing your positions while on the go.

Trading on Blueberry Markets’ MT5 Platform

Blueberry Markets’ MT5 platform

General Ease of Use

MetaTrader 5 incorporates most of the tools that made its predecessor so popular and successful in the first place. While the platform retains its rugged outlook, when it comes down to overall functionality, MT5 does not disappoint.

The customisable watchlist is positioned on the left side of the screen, allowing traders to have quick access to their favourite trading instruments. The navigation tool below the watchlist, in turn, displays Blueberry Markets’ key features such as the VPS option, the indicators list and the possibility to switch between your accounts in a few clicks.

The platform’s tools are arranged neatly in different categories depending on their function. These different categories are displayed logically, and even beginners can quickly find their way around the platform. More experienced traders would certainly enjoy the platform’s fast order execution, which negates the possibility of slippage.


Even though Blueberry Markets’ charts can be populated with various indicators to examine the price action from multiple angles, their overall clarity is diminished with each subsequent indicator added. In other words, MT5’s charts can be easily crowded, which is a problem that is not as pronounced on other platforms. Nevertheless, traders who have gotten used to MT5 can apply its multiple tools to execute complex technical analyses.

Here are some of the advantages of the charts:

  • One-click trading option. In any fast-paced environment, the ability to act quickly can often signify the difference between success and failure. This is especially true for intraday trading, where seizing a good trading opportunity may depend on one’s ability to react to changes in the price action within seconds. That is why the inclusion of the one-click trading option is so important because traders can save time by placing orders directly from the chart.
  • Indicators. What we found particularly useful is that the 38 trading indicators are not all meshed together in one huge list, but rather they are segregated into different categories. Traders can thus quickly choose between oscillators, volume or trend-based indicators, depending on the underlying market environment. This makes selecting the right indicator for the current conditions a lot easier, especially for novice traders.
  • Drawing tools. In addition to the 38 indicators, Blueberry Markets’ MT5 platform also incorporates 22 drawing tools, which can be used to outline various formations on the price action. For instance, traders can use the Fibonacci retracement tool to determine the most important support and resistance levels within an existing trend.


In addition to the classic market orders, traders can also choose between 6 different types of pending orders. These represent variations of limit and stop orders. This offers traders a great degree of flexibility. For instance, if traders need guaranteed entry around the current spot price, they may opt for market orders. If they prefer guaranteed entry at a specific price level instead, then they would be better off using limit orders.

This diversity of opportunities is a great match to Blueberry Markets’ low latency trading option. Traders can execute complex and precise orders that, if constructed well, may maximise the overall efficiency of the position while also minimising the risk of slippage.

The underlying risk can be further reduced by utilising stop-loss orders or including an expiry date to the primary order.

Blueberry Markets Mobile App

Blueberry’s app retains most of the features of the desktop version of the platform, though its overall functionality is lower, which is a problem that is prevalent in almost all mobile trading apps. That is so because it is quite difficult to conduct complex technical analyses on low-resolution smartphones, regardless of how sophisticated the software of the trading app may be.

Blueberry Markets’s MT5 App is available for iOS from the Apple store, as well as for Android from Google Play. It runs on smartphones and tablets. We conducted our test on an Android device.

General Ease of Use

The individual components of the app are neatly separated into five distinct categories – ‘Quotes’, ‘Charts’, ‘Trade’, ‘History’, and ‘Messages’. The first option represents a watchlist of selected trading instruments, where traders can quickly have a look at the current bid and ask prices of their favourite assets.

The ‘Trade’ option shows you important account information, such as your current balance, equity and free margin, whereas the ‘History’ option contains important information relating to your past performance.

Overall, the app is pretty orderly and easy to navigate. It is because of this flexibility that the app is a perfect solution for whenever you have to make quick adjustments to your positions while on the go. For instance, to close a position that is incurring a loss at a time when you are not sitting in front of your computer and need to act fast.

The instruments watchlist of Blueberry Markets’ mobile app (left), chart (middle) and list of trading indicators (right)


Here are some of the key features of Blueberry Markets’ app:

  • Price action. Price action can be represented in three ways: as a line, bars or candlesticks.
  • Indicators. There are 30 different trading indicators on the app, which can be used to examine various aspects of the price action depending on the underlying condition of the market.
  • Drawing tools. The app also incorporates 24 different drawing tools, the most popular being the Fibonacci retracement levels, Elliott waves and various channels.


In terms of variety, the app offers the same trading opportunities that are available on the desktop version. In addition to the possibility of instant execution via market orders, traders can choose from buy/sell limit orders, buy/sell stop orders, and buy/sell limit stop orders.

Additionally, they can construct even more complex trades by adding a supporting stop-loss or an expiry order to the underlying position. This is particularly important because it gives traders the flexibility to protect their positions in more than one way.

Tradable Instruments

How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

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Blueberry Markets’ assortment of tradable instruments is adequate compared to the broader industry. There is an acceptable amount of FX pairs, commodities and stocks, with an above-average number of indices. And while the broker affords instruments from higher-risk asset classes such as cryptocurrencies, the absence of ETFs, bonds, options and futures detracts from Blueberry’s final score in this category.

Traders can choose from over 300 different instruments on a Blueberry Markets Standard account, most of which are stocks. The access to instruments from different asset classes means traders are free to pick the best opportunities at any given time. The pool of available instruments is enough for most types of traders, from scalpers eyeing minute changes in the price action to position traders riding massive trends spanning multiple days and weeks.

Blueberry Markets does not offer any bonds, ETFs or options, and the available instruments can be traded solely as CFDs.

What Are CFDs?

Contracts for difference are financial derivatives that allow traders to speculate on the price of a given instrument without physical delivery of the underlying. For instance, you can trade gold as a CFD (XAUUSD) without actually having to own any gold bars.

In addition to this simplification, another significant benefit of trading on margin with CFDs is that you can boost your market exposure with the leverage given to you by your broker. However, while the leverage multiples the profit potential of your trades, there is a parallel increase in the loss potential.

What Can You Trade With Blueberry Markets?

You can choose from over 300 tradable instruments from different asset classes on a Standard Blueberry Markets account, including:

  • 43 Forex pairs
    • Majors, minors and exotics
  • 5 Commodities
    • Metals and energy
  • More than 300 stocks
    • Australian and global
  • 13 Indices
    • U.S., European, Australian and Asian
  • 5 Cryptocurrencies
    • Majors and minors

The Standard account offers a fair amount of major and minor FX pairs, comprising some of the most actively traded instruments on the market. While there are only a few commodities, traders may choose from an above-average set of indices in addition to U.S. and global stocks numbering north of 300.

Forex Commodities
Stocks Indices
Tesla, Microsoft, Amazon, Meta, Apple US30, GER30, S&P 500, UK100, JPN225
Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash

Customer Support

How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

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Blueberry Markets offers an outstanding 24/7 customer support allowing traders to reach out for help even when markets are closed, which is why the broker got a very high score in this category. The customer support team can be reached in several ways, the easiest and fastest one being via live chat. They are polite, punctual and very helpful, with a good command of English.

Blueberry Markets Customer Support Test

We conducted our customer support test on the 26th of April around 3pm CET. We got in touch with their support team via the live chat option, which appears at the bottom-right corner of the website. This is quite convenient as you are always at one click away from asking for help.

Upon asking whether Blueberry Markets charged any dormant fees for account inactivity, we received an exhaustive answer seconds later. We were also provided with a link to additional information concerning accounts, fees, and charges. This was all very helpful.

Chat with Blueberry Markets’ customer support

In addition to the live chat option, traders can also email Blueberry Markets’ customer support or call one of the two telephone numbers. You can read more about how to get in touch with Blueberry here.

Deposit and Withdrawal

How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

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Blueberry Markets earned an almost perfect mark in this category because of its wide range of deposit and withdrawal options for free, though third-party fees may apply. Transactions can be made from every part of the world, usually taking no more than 3 business days to complete.

Blueberry Markets Deposit Methods

Method Currency Availability



Credit/Debit Card AUD, EUR, GBP, USD, NZD,SGD Global Instant deposits 0
PayPal AUD, EUR, GBP, NZD, SGD, USD PayPal-serviced countries 1 business day Third-party fees may apply
Skrill EUR, USD Skrill-serviced countries Instant deposits Skrill may charge 1-3% fees for withdrawals
Bank Transfer AUD, CAD, EUR, GBP, NZD, SGD, USD Global 1-3 business days (Australia) Third-party (bank) fees may apply
Neteller USD Global 1-2 business days Third-party fees may apply
Tether (USDT) USD Global except Australia Up to 30 minutes Third-party fees may apply
Bitcoin (BTC) USD Global except Australia Up to 30 minutes Third-party fees may apply
Poli Pay AUD Australia Instant deposits 0
BPay AUD Australia 1-3 business days 0
FasaPay AUD Australia Instant deposits 0
Dragonpay AUD, EUR, GBP, NZD, SGD, USD Phillipines Instant 0

Blueberry Withdrawal Methods

Method Currency Availability



Credit/Debit Card AUD, EUR, GBP, USD, NZD,SGD Global 1-3 business days 0
PayPal AUD, EUR, GBP, NZD, SGD, USD PayPal-serviced countries 1 business day Third-party fees may apply
Skrill EUR, USD Skrill-serviced countries 1 business day Skrill may charge 1-3% fees for withdrawals
Bank Transfer AUD, CAD, EUR, GBP, NZD, SGD, USD Global 1-3 business days (Australia) Third-party (bank) fees may apply
Neteller USD Global 1-2 business days Third-party fees may apply
Tether (USDT) USD Global except Australia 1-3 business days Third-party fees may apply
Bitcoin (BTC) USD Global except Australia 1-3 business days Third-party fees may apply
Poli Pay AUD Australia 1-3 business days 0
BPay AUD Australia 1-3 business days 0
FasaPay AUD Australia 1 business day 0
Dragonpay AUD, EUR, GBP, NZD, SGD, USD Phillipines Instant 0

On average, withdrawals take 1-2 business days more than deposits to process. Blueberry Markets does not charge anything for either type of transaction, though third-party fees may apply. For instance, clients using Skrill may be charged up to 3% of the total sum for withdrawals. Additional information regarding transactions from or to Blueberry accounts can be found here.

Account Types and Terms

How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

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Blueberry Markets offers three main account types for retail traders and two special solutions for professional fund managers, scoring highly in this category. Swap-free trading on an Islamic account is also available upon request.

Setting up a live account with Blueberry Markets, from registering to verifying it, takes a little bit longer than average. The procedure is mostly the same for clients from Australia signing up with Blueberry’s primary entity – Eightcap Pty Ltd – and international traders seeking to open an account with the broker’s overseas entity – Eightcap Global Ltd.

Qualified and licensed fund managers may choose between Blueberry’s advanced trading solutions. The Multi Account Manager (MAM) and Percentage Allocation Management Module (PAMM) software solutions allow fund managers to place orders on multiple trading accounts simultaneously, without delay.

Why is Choosing the Right Account Type Important?

When it comes to account types, there is no one-size-fits-all. Depending on your approach to trading, you may look for specific conditions, so you have to understand what is entailed by each account type. For instance, if you prefer low spreads and fixed costs to gauge the ever-changing market volatility, a Blueberry Markets Direct account may suit your needs. In contrast, the Blueberry Standard account may be a better solution if you prefer commission-free trading.

Fundamentally, selecting the right trading account may be compared to choosing what to wear. Everybody loves the feel of a bespoke suit, but a ballroom costume may not be your optimal choice if you have to run a marathon. However, a regular tracksuit can do the job.

What Account Types Does Blueberry Markets Offer?

Standard Account Direct Account
Commission 0 $7 per standard lot
Spread From 1.0 pips From 0.0 pips
Min. Deposit $100 $100
Max. Leverage

1:30 for traders from Australia

1:500 for international traders

1:30 for traders from Australia

1:500 for international traders

Trading Platform MT4, MT5, Web Trader MT4, MT5, Web Trader
Demo Account Yes Yes
Number of Instruments 300+ 300+

Retail traders can choose between a Blueberry Standard or Blueberry Direct account. The latter’s benefit is that traders are charged raw spreads starting from 0.0 pips. However, additional commissions per trade apply. The advantage of the former, in contrast, is that trading is commission-free on all assets, but spreads are higher, starting from 1.0 pips. High-volume traders may opt for the premium account option with its negotiable conditions.

The minimal deposit amount on a Blueberry Markets account is $100. One notable difference between the Standard and Direct accounts is that retail traders from Australia who sign up with Eightcap Pty Ltd will be provided a maximum leverage of 1:30, whereas overseas clients of Eightcap Global Ltd may work with a maximum leverage of 1:500.

In choosing between the two, traders should consider which option would be more efficient based on the frequency and volume of the trades they intend to execute. If one has enough capital to comfortably place orders of one standard lot or more, then the Blueberry Direct account may be a better fit. That is so because not even the $7 commission per trade would offset the benefit of the significantly lower raw spreads.

However, if a trader’s strategy entails executing multiple smaller-sized positions throughout the month, the commission-free trading on a Standard account would likely be more cost-effective.

While the broker does not offer copy trading, its clients can use external algorithms, trading bots or EAs (expert advisors) on Blueberry Markets’ platforms.

Regarding Blueberry Markets’ policies on high-risk strategies such as hedging and scalping, clients of Eightcap Global Ltd – the overseas entity of the broker – are free to use both. However, retail traders from Australia working with Eightcap Pty Ltd are no longer allowed to use hedging strategies under ASIC regulation.

What is CFD Leverage?

In a nutshell, the leverage determines your overall market exposure. When you trade Contracts for Difference or CFDs, you can open positions for a fraction of their value because of the leverage. Essentially, the broker lends you money to trade with so that you can open bigger positions. The leverage multiplies the profits you generate from your winning trades.

Accordingly, the losses you incur from your losing trades are also multiplied.

Suppose you are to open a Blueberry Standard account with a 1000 USD deposit. If you sign up with Eightcap Pty Ltd, your leverage will be 1:30. Hence, your total market exposure will be 30 times higher or equal to 30 000 USD. However, if you are an international trader and set up a Standard account with Eightcap Global Ltd, your maximum leverage will be 1:500. Hence, your total market exposure with the same 1000 USD deposit will be 500,000 USD.

Your leverage can be your best friend or worst enemy on the market, depending on how cautiously and responsibly you use it. Traders should always beware that the bigger the leverage, the bigger the impact of even small changes in the underlying price action on their account balances.

Blueberry Markets Account Opening Process

We have summed up the steps of setting up a live account with Blueberry Markets:

  • Step 1 – While on the website’s main page, click on the ‘Start Trading’ button that can be found in the top-right corner. From there, you will be taken to the application form.
  • Step 2 – After you fill in your personal information, such as name, address and email address, you will be asked to choose your account preferences. You will have to select either the Blueberry Standard account option or the Direct account option. You will also have to pick a base currency for your account. Clients signing up with Eightcap Global Ltd also have to choose their preferred leverage from 1:100 to 1:500.
  • Step 3 – Upon completing the registration form, you will need to open the email that has been sent to your address and verify your account.
  • Step 4 – Send the required documents to fully validate your account, such as proof of address and banking details. You can find additional information regarding the necessary documents here.
Account opening with Blueberry Markets Global

Why Is A Demo Account Important?

A demo account is essentially the business card of the broker. You can use it to test out its services in a safe environment in order to determine whether they can satisfy your needs and preferences. Not only that, but you can use a demo account to test and tweak the settings of your trading strategy in order to improve your performance.

Blueberry Markets Supported Countries

Clients from Australia can trade with the broker’s primary entity, Blueberry Markets Pty Ltd. Traders from China, Japan, Europe and elsewhere, barring the U.S., can sign up with Eightcap Global Ltd, the broker’s offshore entity. It should be pointed out that while the former has tier-1 regulation, the latter does not.


How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

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Blueberry Markets provides its clients with a wealth of information. The broker’s score suffers a bit because it does not incorporate any third-party research tools. Nevertheless, its in-house content is quite informative and covers a wide range of trading topics. Most research materials are supported by video content, making them more easily accessible.

The news section on the Blueberry Markets website is where you can find Blueberry’s breakdowns of current news, which are highly descriptive and present the reader with all relevant data concerning a particular development on the market. A short video and a chart typically support those breakdowns. Blueberry Markets also provides more general articles delving deep into topics such as how to use different types of trading strategies and the peculiarities of trading in Australia.

This diversity is equally well suited to help beginner traders make sense of volatile markets, as well as more seasoned traders in need of regular updates on market news. And even though the quality of Blueberry’s in-house content is very high, the absence of any third-party research tools means that traders do not have quick access to external sources of information and different takes on current market developments.

Blueberry Markets’ articles section

Research Tools

Blueberry’s research content is separated into four primary categories, not including the weekly newsletter that is sent via email. Here is a brief description of each type:

  • Market news & analysis. In this section, you can find brief breakdowns of important trading news and the resulting impact on the market. It also contains more abstract articles that examine various topics related to the general trading experience.
  • Week ahead for trading. Materials in this section underscore currently emerging trading setups on a number of instruments, most commonly FX pairs, in light of an upcoming market event taking place over the next five days. The supporting charts underpin each instrument’s most important support and resistance levels.
  • Trading hours. This evergreen section contains information regarding the trading hours during which you can trade with different assets, from FX pairs to indices.
  • Economic calendar. The economic calendar section is pretty self-explanatory. It underpins the timing of the most important trading events and economic releases that are scheduled to take place each week.
An example of a Blueberry market breakdown


How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

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Blueberry Markets provides balanced and instructive educational materials to traders with varying knowledge levels. These educational materials cover both basic and also more complex trading concepts. Despite the welcoming inclusion of video content, the format of the educational materials, on the whole, is rather limited. There are no webinars, for instance, affecting Blueberry’s score in this category.

Educational materials in Blueberry Markets’ trading academy are segregated into three distinct categories – beginner, intermediate and advanced. While the beginner category is almost entirely focused on explaining the most rudimentary trading concepts, the intermediate and advanced categories delve deeper into the intricacies of those concepts.

The topic-specific materials begin with a study of basic concepts like pips, volatility, and liquidity, before jumping to more complex trading techniques, such as the proper use of the Ichimoku Cloud indicator, wedges, pennants, and others.

Blueberry’s video content represents a quick rundown of the same trading concepts, as well as the peculiarities of trading on MetaTrader 4 and MetaTrader 5. This is especially important for traders who are not accustomed to the two platforms.

Blueberry Markets’ educational materials

The Bottom Line

Blueberry Markets is one of Australia’s CFD brokers with rapidly expanding overseas operations. It operates two entities with several licenses to provide financial services locally and internationally. The company is reliable with very competitive fees and well-arranged account types.

Blueberry Markets’ costs are very competitive, and traders can benefit from commission-free trading on a Standard Blueberry account or the low spreads on a Blueberry Direct account. Blueberry’s non-trading costs are also very low.

The broker provides excellent customer support available 24/7. It also has multiple deposit and withdrawal methods, permitting fast and cheap transactions. 

With regards to Blueberry Markets’ drawbacks, there is no compensation scheme in place. And while it has very informative research and educational materials, the content format is somewhat limited. There are no third-party research tools or webinars. 

Overall, both beginners and seasoned traders can benefit from Blueberry Markets’ very low trading and non-trading costs, which is the greatest advantage of the broker. They can also enjoy the flexibility afforded by the MT4 and MT5 platforms.


Where is Blueberry Markets based?
Blueberry’s primary entity – Blueberry Markets Pty Ltd – is headquartered in Sydney, Australia. The offshore entity – Blueberry Markets Global Ltd – is based in the Bahamas.

Is Blueberry Markets safe?
Blueberry Markets Pty Ltd is licensed by ASIC, a tier-1 regulator, ensuring the greatest level of protection. Blueberry Markets Global Ltd is licensed by two tier-3 regulators – VFSC and SCB – signifying a much looser regulatory oversight.

How does Blueberry Markets make money?
Via the spreads it charges traders for executing orders. Every time you place a trade, you are paying the difference between the asset’s buy (bid) and sell (ask) prices, representing the spread.

How do I deposit funds in an Blueberry Markets account?
Traders from Australia as well as international traders can choose from multiple deposit methods, including Visa/Debit card, PayPal, Skrill, Bank Transfer, Neteller, Tether, Bitcoin, Poli Pay, B Pay, FasaPay and Dragonpay. The broker does not charge anything for deposits and withdrawals, though third-party fees may apply. 

What is the minimum deposit for Blueberry Markets?
The minimum deposit amount is $100 for a Blueberry account.

How do I withdraw money from Blueberry Markets?
The deposit and withdrawal methods are the same – Visa/Debit card, PayPal, Skrill, Bank Transfer, Neteller, Tether, Bitcoin, Poli Pay, B Pay, FasaPay and Dragonpay.

How long does it take to withdraw money from an account at Blueberry Markets?
Some withdrawals may be instant, but most take from 1-3 business days. Bank wires for international transactions may take up to 7 business days. It depends on the preferred withdrawal method.

How much is the maximum leverage at Blueberry Markets?
For retail traders from Australia trading with Blueberry Markets Pty Ltd, the maximum leverage is 1:30 and 1:200 for ‘wholesale’ traders. For international clients who have signed up with Blueberry Markets Global Ltd, the maximum leverage is 1:500.

How can I open an account with Blueberry Markets?
Traders need to click on the ‘Start Trading’ button on the top-right corner of the main page and follow the instructions from there. They need to fill in the registration form, verify their email address, and submit several documents, such as proof of address.

What platforms does Blueberry Markets offer?
Blueberry incorporates MetaTrader 4 and MetaTrader 5. Traders may use the desktop version as well as the mobile app.

Does Blueberry Markets offer a demo account?
Yes, for all account types.

Is Blueberry Markets suitable for beginners?
Yes. Blueberry provides plenty of educational and research materials that cover a wide range of trading topics.


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 Blueberry Markets Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Foundation Year
ASIC (Australia), VFSC (Vanuatu), SCB (Bahamas)
Publicly Traded
Number Of Employees
Trading Desk Type
Trading platforms
MT4, MT5
Supported Languages
Min Deposit
Max Leverage
1:30 (ASIC), 1:500 (VFSC), 1:200 (SCB)
Deposit Options
Wire Transfer, Credit Card, PayPal, Cryptocurrencies, Skrill, Neteller, Poli, Debit Card, Bpay, FasaPay
Withdrawal Options
Wire Transfer, Credit Card, PayPal, Cryptocurrencies, Neteller, FasaPay, Bpay, Debit Card, Poli
Time to Withdrawal
Time to Open an Account
Bitcoin Cash, Bitcoin, Litecoin, Ripple, Ethereum
Products (CFD)
Currencies, Commodities, Indices, Stocks
Demo Account
Islamic Account
Segregated Account
Managed Account

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