Blueberry Markets Review 2023



Blueberry Markets offers places a large emphasis on their customer service having high ratings on various social media outlets such as TrustPilot, Google Review and Forex Peace Army. But are they actually any good? As part of this review, we look at their trading, accounts, spreads and trading platforms along with strengths and weaknesses.To get more news about berry markets review, you can visit wikifx.com official website.
About Blueberry Markets
Forex Brokers ReviewBlueberry Markets is a global Forex broker headquartered in Sydney, Australia, that offers tradable Currencies, Indices, Commodities (Metals & Oils), Cryptocurrency
CFDs, and Share CFDs. It operates 24/7 with one-to-one customer support and dedicated account managers to all demo and live account holders. Blueberry Markets was a finalist for Finder’s Best Online Customer service award in 2020 and 2021, and Best Bootstrapped Startup for the Australasian Startup Awards in 2018.

The Blueberry Markets Group is a trading name of Eightcap Pty Ltd, an entity that holds an Australian Financial Services Licence (AFSL) enabling it to offer financial services to residents of Australia. Blueberry Markets AFSL number is 391441. The blueberrymarkets.com website is operated by Eightcap Pty Ltd.

Trading Account Types
Blueberry Markets supports all levels of traders with personalised account types to fit different traders’ needs. A ‘Blueberry Standard Account’ starts at 1.0 pip-spread with a $0 commission charge, and a ‘Blueberry Direct Account’ trades on 0.0 pip-spread with a $7 commission. Both account types can be traded in MT4 or MT5 platforms with unlimited demo account access and a minimum trade size of 0.01.
Blueberry Markets Standard Account
This trading account does not have any additional costs as they are built into the spread. Using a standard account means no commission costs.

The minimum deposit required to open a Standard account is $100, while the minimum trade size allowed is 0.01 lots.

The broker offers low spreads that start from 1.0 pip on major currency pairs, with clients being able to access 300+ trading instruments across 5 asset classes via 2 popular trading platforms – MetaTrader 4 and MetaTrader 5.

Blueberry Markets Professional Account
Clients who open a Direct account are able to see the raw market spread to ensure real-time pricing once trade positions are placed. The minimum deposit is $100 and a $7 commission fee is charged for each standard lot. Blueberry Markets’ offers tight spreads on a Direct account with spreads that start from 0.0 pips.

Both Standard and Direct accounts may use their MT4/MT5 platforms and choose among 300+ financial instruments across 5 asset classes to trade with.

VPS Hosting
Clients with a live account, whether Standard or Direct, may access the Blueberry Markets Forex VPS for free. Their VPS provides the best experience possible by executing trades with greater speed and accuracy through high-performance external servers. It also allows low-latency trading by hosting the client’s system inside the same data centre as Blueberry Markets’ main trading servers, ensuring that the client’s trades are executed in 1 minute or less.
Trading Costs (Spreads And Commissions)
Trading costs (spread and commissions) for clients will depend on the live account type they choose. Solely on spreads, alone Blueberry Markets spreads are average whereas commissions are in line with the industry standards of $7 round-turn commission rate.

The brokerage marks up its spread on the Standard account, while on the Professional account it sources its bid-ask quotes directly from 12 tier-one liquidity providers. When it comes to the total trading cost (spread + commission) Blueberry Markets is a little behind compared to other best brokers.

Trading Conditions: Standard Account
Similar to many Forex brokers around the world, there will be no commissions on Blueberry Markets Standard account, while traders will only pay the bid-ask spread. Blueberry Markets do not provide their average spreads however spreads start from 1.0 for the EUR/USD pair.

We monitor the average spreads other brokers provide on their website and update it each month. See the table below for standard account spreads offered by other brokers.