High ratings on numerous social media platforms like TrustPilot, Google Reviews, and Forex Peace Army demonstrate how seriously Blueberry Markets takes their commitment to providing excellent customer service. We examine their trading, accounts, spreads, trading platforms, strengths, and drawbacks as part of this evaluation.
Blueberry Markets
Blueberry Markets provides tradable currencies, indices, commodities (metals and oils), and cryptocurrency.
CFDS and CFDS on shares. All demo and live account holders get access to dedicated account managers and it runs around-the-clock. Blueberry Markets was a finalist for the Australasian Startup Awards’ Best Bootstrapped Startup in 2018 and the Finder’s Best Online Customer Service award in 2020 and 2021.
With customised account kinds to meet individual traders’ demands, Blueberry Markets offers support for traders of all experience levels. A “Blueberry Direct Account” trades on 0.0 pip-spread with a $7 cost, whereas a “Blueberry Standard Account” starts at 1.0 pip-spread with a $0 commission fee. Both account types are available for trading on the MT4 and MT5 platforms with a minimum trade size of 0.01 and unrestricted access to demo accounts.
All demo and live account holders get access to dedicated account managers and it runs around-the-clock. Blueberry Markets was a finalist for the Australasian Startup Awards’ Best Bootstrapped Startup in 2018 and the Finder’s Best Online Customer Service award in 2020 and 2021. The Blueberry Markets Group is a trading name of Eightcap Pty Ltd, a company that is authorised to provide financial services.
Types of Trading
With customised account kinds to meet individual traders’ demands, Blueberry Markets offers support for traders of all experience levels. A “Blueberry Direct Account” trades on 0.0 pip-spread with a $7 cost, whereas a “Blueberry Standard Account” starts at 1.0 pip-spread with a $0 commission fee. Both account types are available for trading on the MT4 and MT5 platforms with a minimum trade size of 0.01 and unrestricted access to demo accounts. There are no additional expenses for this trading account because they are included in the spread. A basic account eliminates commission fees.
A $100 minimum deposit is needed to start a Standard account, and 0.01 lots are the smallest trade size permitted.
Standard and Direct accounts
The raw market spread is visible to clients who open a Direct account, ensuring real-time pricing once trading positions are placed. A $100 minimum deposit is required, and each basic lot carries a $7 commission fee. On a Direct account, Blueberry Markets provides tight spreads with spreads starting at 0.0 pips.
Both Standard and Direct accounts have access to their respective MT4/MT5 trading platforms and can select from more than 300 financial products spread over 5 asset classes.
All live account holders, whether Standard or Direct, have free access to the Blueberry Markets Forex VPS. Their VPS offers the greatest possible experience by carrying out trades more quickly and precisely using high-performance external servers. By hosting the client’s system in the same data centre as Blueberry Markets’ primary trading servers, it also enables low-latency trading, guaranteeing that the client’s trades are performed in one minute or less.
Depending on the live account type they select, clients’ trading expenses (spread and commissions) will vary. Based only on spreads, Blueberry Markets’ spreads are ordinary, but its $7 round-turn commission cost is standard for the industry.
On the Standard account, the brokerage increases its spread. However, on the Professional account, it obtains its bid-ask quotes straight from 12 tier-one liquidity providers. In comparison to other top brokers, Blueberry Markets lags a little in terms of the overall cost of trading.
Daily market assessments
We keep track of and update the monthly average spreads that other brokers list on their websites. For information on regular account spreads provided by different brokers, see the table below.
Because of its constantly positive reviews on internet review platforms, Blueberry Market has developed a strong reputation for its customer service.
Daily market assessments are also available on the official Blueberry Markets YouTube channel in three-minute segments that were especially created for traders on the go. Additionally, traders can watch instructional films on our platforms, basic chart reading strategies, and other trading skill-related topics.
Conclusions
The Blueberry Premium status is now available at Blueberry Markets. With their trading accounts, traders may now enjoy even more benefits thanks to this status. A personal Account Manager, experienced market analyses, access to premium club hospitality events, and significantly reduced spreads and commissions are all benefits of becoming a premium trader with Blueberry Markets.