Blueberry Markets review (2021) Review
Blueberry Markets is an Australian broker founded in 2009. They offer the best platforms MT4 and MT5, and the broker has over 300 financial instruments, including 38 forex pairs. It operates 24/7 with one-to-one customer support to all demo and live account holders, it also holds many awards and the Blueberry Markets Group is a trading name of Eightcap Pty Ltd. Eightcap is regulated by the Australian Securities & Investments Commission (ASIC).
What can be traded
Simply written on their website, you’ll have access to 300+ financial instruments. Choose among Currencies, Indices, Metals, Cryptocurrency CFDs, and Share CFDs across its MT4 and MT5 platforms. But, be careful, the broker does not offer Cryptocurrency CFDs and shares CFDs on their MetaTrader 4 platform.
They have two account types for you to choose from.
- Blueberry Standard Account
- Blueberry Direct Account
Blueberry Markets is a subsidiary of Eightcap. This means they may operate with the same licence EightCap have with the Australian Securities and Investments Commission (ASIC). Traders outside Australia are handled by Eightcap Global Ltd, an entity based in Port Vila, Vanuatu, and regulated by the Vanuatu Financial Services Commission (VFSC).
Demo accounts are available to try out the different platforms and conditions before opening a real account. So, Opening a demo account is a good option before opening a live account where you trade with real money in real-time. Blueberry Markets offer a demo account, free of charge and you can register simply from their website. A big plus is $50,000 virtual funds on the demo account for you to play with.
Broker fees can vary and change, there may be additional fees that are not mentioned in this review. Blueberry Markets are transparent and all fees, regulations and conditions are on their website right in front of you. The minimum deposit is $100 and they will not charge any fees on deposits and withdrawals also, there is no inactivity fee.
Because I am a beginner I`m going to go for a demo account first. You simply choose the “demo account” option in the top bar on their website. Click on “open a free demo account” and then short form comes up. You fill in your name, country, email, password and choose a platform. I read, that the MT4 platform is a bit more user-friendly, so I`ll go with that.
The verification email came immediately and in a sec I was in my personal Blueberry Markets account. Super simple.
Blueberry Markets offer two platforms. MT4 and MT5. MetaTrader 4 (MT4) is the most popular retail platform for currency trading. This is what the founder of Blueberry Markets said “I founded Blueberry Markets because I love seeing clients succeed and wanted to help make that happen. We’ve built a platform that encourages that success.” MT4 is developed by Russian software company MetaQuotes. It is free to use and available for desktop, web and mobile. MT5 is the successor to the MT4 platform, with faster processing times. You choose which platform you want and download it from your account.
And then I couldn`t open the application on my mac, due to its version. So, unfortunately, I can`t try out the platform.
The broker’s website
I must say, the website was very well organised and designed. There is the main menu in the top bar. Nothing extra, no marketing blabber, I found everything I needed immediately and the chatbot kept waving at me, just so I know, I`m not here alone.
They are transparent about fees, conditions and their educational support is good. They have a learning plan for you, and it doesn’t matter if you`re a beginner, intermediate or professional broker. You simply choose a plan that suits you or join free webinars. What I liked is their “Blueberry Jam”. Sign up and you`ll receive insights in your email.
They are active on Facebook, Twitter, Linked In, Instagram and YouTube. On Facebook they have around 10 000 followers, their last post is only about 16 hours old. They post analyses, videos, news and facts. Twitter has around 1000 followers, and the activity is the same as with Facebook.
YouTube looks good. Full of how-to videos, analyses and Friday market wrap videos.
Advantages and disadvantages
Blueberry Markets is an Australian broker, regulated. They offer over 350 instruments, a demo account, educational support and a 24/7 chatbot. They have top trading conditions, flexible leverage, convenient funding options and even offer a free VPS and the other reviews I have read are good. The downfall was, that I couldn`t download the MT4, although I am aware it’s my fault. They could have a web trader for someone like me.
- Demo account
- Live chat
- No web trader
- No negative balance protection policy
- No FCA license
Pros / Cons