Blueberry Markets, an Australian based forex broker, has become more and more popular in recent times. Knowing this, I wanted to do a Blueberry Markets Review so you, and others, can get a good feel for the company.
Blueberry Markets Platform
When you get your account going, you’ll be using the MT4 trading system. The strong MetaTrader 4 trading system helps you to implement any complex strategy. Market and pending orders, Fast Execution and Chart Trading, Stop Orders and Tracking Stops, Check Chart and Trading History — all of these devices are at your fingertips.
Online quotes and interactive 9-period charts allow you to easily review quotes in detail and respond to any price movements. This function is greatly simplified by 23 quantitative objects and 30 standardized technological indicators. The Free Code Base and the Unified Market have thousands of additional metrics that increase the number of analytical choices.
Opening Deposits For Blueberry Markets
The opening deposits for your Blueberry Markets are contingent on the account you want. Starting at only $100 for a “Standard Account” and scaling up to $2000 for the “Professional Account”, you can see the huge jump in the deposit amounts and while writing this Blueberry Markets Review, I had to check this more than once to make sure I had the information right.
The leverage ratio is up to 1:500, which is quite common for Australian brokers. From a risk management point of view, there is definitely a lot to do, and you need to take a critical look at your methods to stop yourself from accidentally losing control of your account. When trading with a 1:500 leverage, you can and should certainly deposit more than the account minimum required.
Blueberry Markets is regulated by the Australian Securities and Investments Commission under CAR AFSL 1245440. In addition, assets are kept in a separate company trust account with the National Australian Bank (NAB).
Blueberry Markets Account Types
I wanted to list the account types here for the review, and one thing I wanted to point out was that you can get a “Practice Account”, or a demo if you will, with a $50,000 virtual deposit done for you right away.
This, of course, is not real money and is just to help you learn how the systems work and see what you can do, but I want to point this out as it’s a good hands-on test of the system.
Practice Account
Free $50,000 “virtual” money account
Before putting your money at risk, start the trading journey with a complimentary Blueberry Markets practice account. Download and start trading in the next 30 seconds.
- Expiry: 30 days
- Non-Expiring Demo: By request
- Practice Balance: $50,000
- Maximum Leverage: 1:500
- Minimum Trade Size: 0.01
- Tradable Instruments: 54
- Trading Platform: MetaTrader 4
Standard Account
Deposit from $100
Costs are built into the spread, which means when your trade moves into a profitable position, you’re making money from that point. No further fees are payable.
- Spreads: From 1.0 pips
- Commission: $0
- Minimum Deposit: $100
- Maximum Leverage: 1:500
- Minimum Trade Size: 0.01
- Tradable Instruments: 54
- Trading Platform: MetaTrader 4
Professional Account
Deposit from $2,000
The Professional account gives you more transparency so you can see the raw market spread. You are charged for brokerage costs at the completion of each trade.
- Spreads: From 0.0 pips
- Commission: $7 (negotiable for $50k+ clients)
- Minimum Deposit: $2,000
- Maximum Leverage: 1:500
- Minimum Trade Size: 0.01
- Tradable Instruments: 54
- Trading Platform: MetaTrader 4
- Free: Live Forex Trading Room
All traders will need to verify the account as is often the practice with Forex brokers. One difference with Blueberry Markets is that there are two ways to do this – one is the usual utility bill combination and the photo ID, and the alternative is two photo IDs.
After verification, your account deposit can be done in one of 5 ways.
- credit cards
- debit cards
- wire transfers
- Skrill
- PoliPayment
Deposit charges are shown on the website and range from 1.8 percent for credit cards to 4 percent for Skrill. Poli Payment does not seem to incur any charges. Withdrawals are processed within 24 hours, as usual with withdraws in the market.
Free Forex VPS
If you are serious about your Forex trading and want to keep your MetaTrader system moving at a good pace 24 hours a day, a Virtual Private Server (VPS) from BlueBerry is perfect. Your VPS utilizes an active database to manage the trading connectivity, ensuring that the service is working 24 hours a day and is never vulnerable to downtime related to technical or software issues.
This provides you with low latency trading. Execute your trades within 1 ms or less using the Free Forex VPS. Your application will be hosted within the same Datacenter as the main trading servers of Blueberry Markets so that your orders will always be filled before the rest.
Once you have everything set up and running, your VPS becomes completely free which is a nice added benefit.
Instruments Available
Blueberry Markets instruments available to traders are available for trading on both MT4 desktop and mobile applications.
As a client, you have access to 54 instruments across currencies, indices, metals, and commodities. You will never miss the chance to take advantage of market fluctuations, even in some distant corner of the globe, at any time of day or night.
Currency Pairs – The main currencies you can trade with are AUD (Australian Dollar), CAD (Canadian Dollar), CHF (Swiss Franc), JPY (Japanese Yen), NZD (New Zealand Dollar), USD (United States Dollar), EUR (Euro), GBP (British Pound).
Exotic Currency Pairs – Also you can trade with exotic pairs, which are DKK (Danish Krone), HFF (Hungarian Forint), MXN (Mexican Peso), NOK (Norwegian Krone), PLN (Polish Zloty), TRY (Turkish Lira), ZAR (South African Rand).
Indices – Trading popular stock indices can be profitable. For example, AUS200 (Australia 200 index), FRA40 (France 40 index), UK100 (UK 100 index), GER30 (Germany 30 index), US30 (Dow Jones 30 index), SPX500 (United States SPX500 index), JPN225 (Japan 225 index)
Metals – Metal can be a safe haven when the market volatility is high. There are two metals you can trade with: XAU (Gold) and XAG (Silver)
Commodities & Oil – I know many traders who gained a lot of money with trading oil. In Blueberry Markets, you can trade WTI and Brent crude oil.
- Expert Advisers: yes
- VPS hosting: available
- Autochartist: yes
- Social trading features: yes
- Scalping: allowed
- Hedging: allowed
- Islamic accounts: available
- Account types: standard spread, raw ECN
- Demo account: yes
- Minimum deposit: $100
- Payment options: credit cards, wire transfer, POLi, Skrill
- Minimum trade size: 0.01
- Maximum leverage: 1:500
- Spreads: start from 1.5 pips
- High speed order execution: yes
- Segregated funds: yes
Blueberry Markets Review – Support
The site for Blueberry Markets is available in English. There’s a Polish translation link that doesn’t work and leads to a blank page. For the time being, only English speakers are able to navigate the website. Live chat is also located in the lower right corner.
All clients can also call on the two phone numbers listed for Australia and the United Kingdom.
Finding Them On Social Media
Blueberry markets regularly post articles on TradingView and provide updates/signals on their Telegram channel. Most of these are quite short, but they seem to be posted regularly so you can still gain some good value from them.
Their Instagram is more of an inspirational quotation-type page, but if you notice your own inspiration missing, you could find something from there.
See the Instagram account here, and Facebook here.
Blueberry Markets Review Conclusion
After going through everything and looking at some other reviews, I think I would have no issues referring people to Blueberry Markets. While they do not have as much to offer as some of the other websites out there, what they do have is dependable and I’ve even read of people talking to the founder directly, which gives a good feeling knowing you can go right to the top if needed.
All in all, I would say Blueberry Market is a good way to go for your Forex trading needs and you will find that you are very pleased with your experiences.
Personally, I found myself lost in the demo account while I was using the $50,000 virtual “play money” they provide.
I say give them a try, you will see for yourself Blueberry Markets is a staple in the Forex marketplace.