Blueberry Markets group includes 2 related companies.
Blueberry Markets AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
Blueberry Markets VU - located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).
Unfortunately, AU company has been imposed with trading leverage limitations by ASIC since the end of March 2021.
At the same time, VU company is free from such restrictions.
Blueberry Markets group accepts clients from all over the world, excluding USA, Central African Republic, North Korea, Congo, Guinea-Bissau, Iraq, Lebanon, Libya, Mali, Somalia, South Sudan, Sudan, Vanuatu, Yemen.
Forex broker offers the following underlying assets for trading.
|40+ Currency Pairs||Based on major and minor world currencies.|
|5 Crypto Pairs||Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.|
|9 Indice CFDs||Based on baskets of different blue-chip stocks.|
|3 Metal CFDs||Based on Gold, Silver and Platinum.|
|2 Energy CFDs||Based on Crude Oil (WTI, Brent).|
|100+ Stock CFDs||Based on shares of US and EU companies.|
Blueberry Markets is a forex broker headquartered in Sydney, Australia, with an additional offshore branch registered in Vanuatu. The broker is regulated in Australia by the national financial regulator ASIC, and internationally by the Vanuatu Financial Services Commission (VFSC).
It’s important to understand about Blueberry Markets that most international clients will be using the Vanuatu-based branch, which means less regulations and more flexible trading conditions, including much higher leverage. For clients based in Australia, however, the locally registered branch must be used. This means that Australian clients can get a maximum leverage of just 1:30, but it also means that they will be protected by the stronger regulations in Australia.
In terms of instruments that can be traded, Blueberry Markets’ offering is pretty strong, particularly when it comes to stocks. The broker offers stocks from more than 100 companies listed in the US and Europe. It also has more than 40 forex pairs listed, as well as a selection of major stock indices and some commodities.
As with most brokers, all of these assets are traded as so-called contracts-for-difference (CFDs). This means that traders can get highly leveraged exposure to price moves, without actually owning the underlying asset. It also makes it extremely easy to trade the asset both from the long and the short side.
All trading instruments offered by Blueberry Markets can be found on either MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are the only two trading platforms this broker supports. As always, MT4 and MT5’s standard downloadable software can only be used on Windows computers, but a Mac version as well as a web-based alternative for use on any type of computer also exists. In addition to that, Blueberry Markets supports the MetaTrader mobile apps for Apple and Android smartphones.
New Blueberry Markets clients will need to choose an account type to trade with before depositing money. With this broker, there are only two choices for this:
– Blueberry Standard Account, with spreads from 1 pip and no commissions
– Blueberry Direct Account, with spreads from 0 pips and $7 commissions
Both account types have a minimum deposit of $100 to start trading, and they both support the full range of instruments offered by Blueberry Markets. It’s also clear that the best deal for those who are trading with larger accounts is to use the Blueberry Direct Account. New traders and those with smaller trading accounts, on the other hand, should opt for the Blueberry Standard Account.
When funding a trading account, Blueberry Markets accepts bank wire transfers, payment cards such as Visa, MasterCard and China UnionPay, the Australian payment system POLi, as well as a whole range of popular e-wallets and regional payment methods in Indonesia, Thailand, the Philippines, Vietnam and Malaysia. It’s also worth noting that crypto funding is available for most users, except for those based in Australia. The supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and the stablecoin Tether (USDT) sent over the Ethereum or Tron blockchain.
We are happy to see that the broker processes deposits made with these methods free of charge, and that payments made with all methods except bank transfer are credited to the trading account instantly.
In summary, we see Blueberry Markets as a fairly strong contender in the forex space, with a particularly good offering for stock traders who want high leverage on the MT4 or MT5 platforms. It’s also great to see that the broker accepts crypto for deposits and withdrawals, which opens up the opportunities it offers to even more users.