- Offers 44 currency pairings
- Spreads as low as 0.0 pips
- Quality customer service
- Demo version available
Not so great for
- CFD share trading requires monthly subscription
- Limited commodities offered
- No direct share trading
Disclaimer: Trading CFDs and forex on leverage is high-risk and you could lose more than your initial investment. It may not be suitable for every investor. Refer to the provider's PDS and consider the risks before trading.
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Blueberry Markets is an online forex and commodities broker headquartered in Sydney, Australia. Having launched in 2016, it specialises in global currencies, metals, commodities and CFD index trading.
The platform has features that will appeal to both advanced and beginner forex traders, with 54 tradeable instruments, commission starting at $0 and a free live forex trading room for Blueberry Direct account users.
Blueberry Markets launched in 2016 and is regulated by the Australian Securities Investment Commission (ASIC) under the trading name Eightcap. Among popular user review sites, it has received largely positive feedback and a high average star rating:
Users of the platform point primarily high quality 24/7 customer service care, with quick response times for live chat, phone and email queries. Note: Forex trading itself always carries risk which you should be aware of, so read up before you start investing. Do your research before signing up to any forex or CFD trading platform.
Users of Blueberry Markets can trade 44 global currencies pairs, commodities trading in gold, silver and oil, cryptocurrency and CFD trading in nine global indices and ASX200 shares.
Blueberry Markets stands out from others in the forex space mostly thanks to its high-quality customer service and low spreads and commissions.
Using the Blueberry Standard or Blueberry Direct accounts, you can trade up to 44 currency pairs including 18 currencies, plus global and local indices, gold, silver, cryptocurrency and oil. Here are some of the features that make Blueberry Markets stand out:
Blueberry Markets has among the lowest forex spreads and fees on the market which vary depending on which account you select. As stated above, there are no broker FX commission costs when you use the Blueberry Standard account however the Blueberry Direct account charges $7 per trade.
There are no subscription, monthly, or inactivity fees – meaning you won't be charged for an inactive account – but you need a minimum opening balance of $100 for the Blueberry Standard account or $100 for the Blueberry Direct.
|Blueberry Standard||Blueberry Direct|
|Spreads||From 1.0 pips||From 0.0 pips|
|Commission per lot||$0||$7|
|Minimum trade size||0.01||0.01|
|Trading Platforms||MetaTrader 4 or MetaTrader 5||MetaTrader 4 or MetaTrader 5|
*Higher leverage rates of up to 1:200 may be available to Wholesale Clients, subject to an individual assessment. Once you have created a Live Account, contact your Account Manager to verify your eligibility.
Blueberry Markets prides itself for having impressive customer service skills with quick response times. Support staff have a good understanding of the forex market and how the platforms work – a rare feature among forex platforms.
You're options are 24/7 live chat, email or phone service. This is particularly useful if you have trouble making a trade, questions about the platform or need fast and thorough assistance.
Blueberry Markets does not offer any training or educational material for new traders, though you automatically get a subscription to ForexSignals once you've funded your account which offers video courses, live chat and other learning resources.
The platforms MT4 and MT5 also have inbuilt financial news and company updates with adjustable notifications to help traders keep on top of the markets.
There are two main options when you open an account with Blueberry Markets – Blueberry Standard and Blueberry Direct. There's also a demo version of the software. The number of tradeable instruments and default leverage is the same on all these accounts. In order to trade individual shares or cryptocurrency you'll need to download the MT5 platform.
You can apply for a demo, Blueberry Direct or Blueberry Standard account with Blueberry Markets by following the link above.
When you first open an account with Blueberry Markets, you'll need to select your preferred account type (Blueberry Direct or Blueberry Standard) and the account's currency (AUD, USD etc). You must automatically select a leverage of 1:30 however you can adjust this once you've downloaded the software.
You'll need to provide identification details, including:
After you've been approved, you can download your platform of choice (MT4 or MT5) and starting trading.
Deposit methods: Credit / debit Card, bank/Wire transfer, Skrill, POLi Payment, FasaPay
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