Blueberry Markets Broker Reviews and Full Information

What is Blueberry Markets?

Blueberry Markets is an Australian broker and also a trade name used by a well-known bigger brokerage called EightCap that provides transparency in pricingand offers leading technology solutions and the best liquidity providers.

The broker has been operating for the past 10 years and has since then has earned a reputable name among the trader community and in the industry as a whole. Blueberry Markets do provide not just high-quality spreads and fast execution but also a specialized solutions to traders who want to be good players in the long-term game.

Blueberry Markets Pros and Cons

Blueberry markets is a reliable and well-regulated broker that offers easy opening accounts, excellent trade conditions ECN operating environment for trading and excellent education.

However, Blueberry has limited portfolio for trading instruments.

10 Points Summary

Awards

Blueberry Markets have also garnered an award from award-giving bodies in the field:

• Australasian Startup Awards 2018 The Best Bootstrapped Startup nominee
• Finder Innovation Awards 2020 - Best Online Customer Service finalist

Are Blueberry Markets safe or a scam?

Yes, Blueberry markets is not a fraud. Blueberry Markets being a trading name employed by EightCap as well as being controlled through ASIC, the Australian ASIC,which is also a broker Blueberry Markets ,therefore the company operates in a secure trading environment, with very low risks Forex as well as CFD trading.

Are Blueberry Markets legit?

Simply put, ASIC is a license obtained from Australia so Blueberry Markets is a fully legitimate and licensed broker. This is also a trusted broker since the authority continuously monitors their operations and the trading services they provide, guaranteeing you a safe investment. Australian Securities and Investments Commission ('ASIC'), is also a recognized global authority that regulates Forex and the trading industry, and is a custom-designed regulator.

So, Blueberry Markets and its EightCap company is in compliance with the highest standards of financial reporting, governance and transparency. All funds from retail clients are separated from corporate funds, which are stored in separate banks, and the broker is also provided with additional security by utilizing the insurance policy for professional indemnity.

Leverage

One of the most appealing benefits that is a part of Forex trading and component of Blueberry Markets Review and check it out is the ability to leverage your trading, which can boost your gains quickly.

Because leverage ratios typically fall under the regulations, Blueberry Markets being an Australian brokerage permits the use of high leverage ratios of up to

• Maximum leverage 1:500 for Forex instruments
• default leverage 1:30 is available for AU residents

This will provide many opportunities for traders who are retail, since your trading volume could dramatically increase. However, you must be aware about how you can use the maximal leverage in a smart way, because "unhealthy" use may increase your risk significantly and demand an increase in margins.

Types of accounts

Blueberry markets have created two different types of accounts for you to offer more opportunities for traders who wish to trade on a normal size or as a beginner trader. Standard account comes with no commissions.

Alternately, their Direct account offers greater transparency, allowing you to observe the market spread in its raw form. We charge our brokerage fees at the end of each transaction.

If you're a professional, there's a chance to trade with an account that is professional with more favorable conditions and customized solutions that are suitable for experienced traders and who operate on a larger dimensions.

How do I open a new account?

You must adhere to the account opening or sign-in page , and then proceed by following the steps. Additionally, you are encouraged to attach a picture of your ID and proof of residence to confirm your identity. Once your account is approved, you'll be able to access the Client Portal where all you managing your account takes place. Then, make your first payment.

Fees

Blueberry Markets spreads are offered as well as, as previously mentioned Blueberry Markets fees based on the spread being tight, starting beginning at 0.0 percent for professionals. The broker charges no commission for a standard account, but is charged a higher spread when you add marks-up for service.

Spreads

Standard account with spread-only spreads is higher because of the cost included in the spread. So you'll receive around 1 pips per EUR USD, but it is thought of as a great idea.

If you trade using an account that is a commercial account you will be charged an additional charge of $7 for commissions. and possible to lower for high volume traders. Spreads are also usually 0.2 per cent for the EUR USD pairs.

For instance, you could find below some latest spreads. You can also examine Blueberry costs to another popular broker FP Markets.

Comparison of Blueberry Markets fees and similar brokers

Swap

Always take into consideration the overnight fees as a price, also known as the Rollover rate, which is a fee for holding open positions overnight in forex trading. It is dependent on the interest rate for overnight trading and is a variation between two trading currencies.

Trading Instruments

The range of markers also provides access to a wide range of trading instruments that are available through Blueberry ECN comprising forex, Oil and Metal commodities and Cryptocurrencies. as well as Australian as well as US Share CFDs. Total number of instruments is about 300 covering the major and most traded instruments.

Deposits and Withdrawals

The wide variety of payment options to fund your trading account will permit the transfer of funds effortlessly using Visa/MasterCard Skrill POLi Payment fasapay as well as Bank Wire Transfers.

However, you can select a base account currency that can also facilitate a effortless transfer, with no costs for conversion.

Blueberry Markets minimum deposit

The minimum deposit amount is 100dollarsif you are applying for an account that is a Standard account that is based on spreads only. Professionals and accounts with customized solutions, with 2,000$ as a first deposit, which is regarded as a good chance for traders with high volumes.

Blueberry Markets minimum deposit in comparison to other brokers

Withdrawals

Blueberry Markets does not charge any internal charges for withdrawals or deposits, offering a wide range of payment options. However, it is recommended to consult with your financial institution for any fees that may be reduced due to international rules regarding money transfers, since certain charges could be applicable and also the regulations for withdrawals to bank Account and only for that.

How long will it take to withdraw cash out of Blueberry Markets?

Typically, brokers process withdrawal transactions within 24hrs.

Trading Platforms

The next step of the Blueberry Markets Review is a outline of the platforms that which you'll be able to be able to access the trading environment.

Web Platform

Blueberry Markets uses MetaTrader4 and MetaTrader 5 the latest version for an option for a platform and this isn't an issue given its many tools and features provide the ideal combination to technological implementation. The platforms are available for nearly all devices, which includes the web Version, desktop and mobile applications.

Desktop Platform

In the end the two platforms don't need much explanation, they are "industry standard" software bringing impressive capabilities with amazing chart features, many add-ons and automated trading options through a live Forex trading rooms and more.

Furthermore, Blueberry desktop advanced platforms come with free tools and a detailed history of trading as well as access to additional capabilities only available to Blueberry market traders. This is perfect for novices as well as professionals.

Mobile Platform

Additionally, you can use the Blueberry markets' mobile app that provides you with full control over your account or orders. Apps are available on both MetaTrader versions and compatible with any mobile device, with push notifications and a lot of personalization.

Customer Support

One of the positive points is the quick and responsive customer service that Blueberry operates. Their responses are swift and accurate, meaning you can be sure of good assistance in addressing your needs anytime. Customer service can be reached via live chat, emails or phone lines, or send an email using the contact form.

Education

Blueberry Markets provide their clients with regular Forex market news via the official YouTube channel with the assistance from our head currency analyst Jonathan Kibbler. They also keep up-to-date the blog on their trade blog every day, which is accessible through their website.

Bluberry Markets will support only with the best research tools available that are built to the software and are available to users for free. There are also alternatives to copy trade so that you can gather some ideas for trading.

Conclusion

In conclusion of Blueberry Markets review, we recognize that Blueberry Markets is a an honest brokers to deal with as well as one that is regulated according to Australian law and price competitive. We really like Blueberry Markets' offerings is a excellent balance between trading conditions, environment , and the support Blueberry Markets provides. Additionally, both novice and experienced traders can benefit from their benefits in long-term trading success.