Blueberry Markets Review

Active forex and CFD traders

ASIC FSC VFSC

Founded 2016 · Australia

Why investors choose this broker

ASIC regulation with segregated client funds for Australian clients
Raw spreads from 0.0 pips with $7 round-turn commission on Direct account
No deposit or inactivity fees
Low $100 minimum deposit

Review summary

Blueberry Markets is an ASIC-regulated Australian CFD and forex broker founded in 2016, offering 2,000+ instruments across MT4, MT5, cTrader, TradingView and its proprietary Blueberry X platform.

Pros

ASIC regulation with segregated client funds for Australian clients
Raw spreads from 0.0 pips with $7 round-turn commission on Direct account
No deposit or inactivity fees
Low $100 minimum deposit
Multiple platforms: MT4, MT5, cTrader, TradingView, Blueberry X
Free demo account with no expiry
Copy trading available via Blueberry Social
24/7 live chat customer support

Cons

No investor compensation fund under any entity
Offshore clients (FSC and VFSC entities) receive fewer protections than ASIC clients
No ETFs, bonds, listed options or futures
Limited asset range compared to larger multi-asset brokers
SWIFT and intermediary bank charges may apply on international wire withdrawals
Free VPS requires 15 standard lots per month

Company background

Blueberry Markets is an Australian CFD and forex broker founded in 2016 and headquartered in Sydney, Australia. The broker operates through multiple legal entities: Blueberry Australia Pty Ltd is regulated by ASIC, Blueberry Markets (Mauritius) Ltd holds a Global Business Licence from the FSC of Mauritius, and Blueberry Markets (V) Ltd is regulated by the VFSC. The broker has no disclosed parent company and operates independently.

Blueberry Markets offers more than 2,000 instruments across forex, share CFDs, indices, commodities and cryptocurrencies. It also provides a copy trading service called Blueberry Social, where traders can follow and mirror the strategies of other traders in real time.

Fees and pricing

Blueberry Markets offers two account types. The Standard account charges spreads from 1.0 pip with no commission. The Direct (Raw) account charges spreads from 0.0 pips on forex pairs with a commission of $3.50 per side per standard lot ($7 round turn). Both accounts require a $100 minimum deposit. Blueberry Markets charges no deposit or inactivity fees. Withdrawals are free for most methods, though international bank wire transfers may attract SWIFT and intermediary bank charges outside Blueberry Markets' control. Overnight swap rates apply at standard market-derived rates, with triple swap on Wednesdays. Islamic swap-free accounts are available and carry a daily administrative fee that varies by instrument.

Regulation and safety

Blueberry Australia Pty Ltd is regulated by ASIC under AFSL 535887. Client funds are held in segregated trust accounts at authorised deposit-taking institutions, and retail clients receive mandatory negative balance protection under ASIC rules. The FSC of Mauritius and VFSC entities serve international clients and offer leverage up to 1:500, but carry reduced protections compared to the ASIC entity. There is no investor compensation fund under any of the three entities.

Platform experience

Blueberry Markets supports MetaTrader 4 and MetaTrader 5 on desktop, web and mobile, cTrader, TradingView, Blueberry X (proprietary), and a standard web trader. Mobile trading is available on iOS and Android. A free demo account with $100,000 in virtual funds is available with no expiry, giving access to the same platforms and instruments as a live account. Blueberry Social provides copy trading where users browse strategy providers and mirror trades automatically. A free VPS is available for accounts trading 15 or more standard lots per month.

Pros and cons

Blueberry Markets' main strengths are ASIC regulation with segregated client funds, raw spreads from 0.0 pips on the Direct (Raw) account, no deposit or inactivity fees, a $100 minimum deposit, and a broad platform choice including MT4, MT5, cTrader, TradingView and Blueberry X.

The main drawbacks are no investor compensation fund under any entity, reduced protections for clients under the offshore FSC and VFSC entities, no ETFs, bonds, listed options or futures, and SWIFT or intermediary bank charges that may apply to international wire withdrawals.

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Trading fees & commissions

Blueberry Markets charges no deposit or inactivity fees. The Standard account has spreads from 1.0 pip with no commission; the Direct (Raw) account has spreads from 0.0 pips with a $3.50 commission per side per standard lot ($7 round turn).

Fees

Item	Fee
Vps	Free for accounts trading 15+ standard lots per month; $20 per month otherwise
Cfds	Indices from 0.5 pips; US share CFDs from 0.5 pips, commission applies on share CFDs; commodities from 0.5 pips
Crypto	Crypto CFDs from 0.5 pips; no additional commission
Margin	Overnight swap rates apply at standard market-derived rates; triple swap applies on Wednesdays
Account	No account opening fee
Deposit	Free
Inactivity	No inactivity fee; accounts with a balance under $100 and no activity for 90 days are archived
Withdrawal	Free for most methods; international bank wire transfers may incur SWIFT and intermediary bank charges

Trading platform & features

Platforms

MetaTrader 4
MetaTrader 5
cTrader
TradingView
Blueberry X
Web app
iOS app
Android app

Regulation and investor protection

Blueberry Markets operates through entities regulated by ASIC in Australia, the FSC in Mauritius, and the VFSC in Vanuatu. Australian retail clients benefit from segregated client funds held at authorised deposit-taking institutions and mandatory negative balance protection under ASIC rules.

Broker FAQs

Is Blueberry Markets safe?

Blueberry Australia Pty Ltd is regulated by ASIC and holds client funds in segregated trust accounts at authorised deposit-taking institutions. Australian retail clients also receive mandatory negative balance protection under ASIC rules.

Is Blueberry Markets a scam?

No. Blueberry Markets operates through entities regulated by ASIC, the FSC of Mauritius, and the VFSC. The ASIC entity is subject to Tier 1 regulatory oversight in Australia.

Is Blueberry Markets regulated and by whom?

Yes. Blueberry Australia Pty Ltd is regulated by ASIC (AFSL 535887). International clients are served by entities regulated by the FSC of Mauritius (GB24203929) and the VFSC (700697).

Does Blueberry Markets keep client funds in segregated accounts?

Blueberry Australia Pty Ltd holds client funds in segregated trust accounts at ASIC-authorised deposit-taking institutions. The level of segregation and protection differs for clients served by the Mauritius and Vanuatu entities.

What happens to my money if Blueberry Markets goes bankrupt?

Blueberry Markets does not belong to an investor compensation fund under any of its entities. ASIC-regulated clients benefit from segregated client accounts, which reduces - but does not eliminate - exposure in the event of insolvency.

What products does Blueberry Markets offer?

Blueberry Markets offers forex pairs, share CFDs, index CFDs, commodity and metal CFDs, and cryptocurrency CFDs. It does not offer exchange-traded ETFs, bonds, listed options, or futures.

Does Blueberry Markets offer forex trading?

Yes. Blueberry Markets offers 65 or more forex pairs across both Standard and Direct (Raw) account types.

Does Blueberry Markets offer crypto trading?

Yes. Blueberry Markets offers cryptocurrency CFDs. These are contracts for difference and do not involve direct ownership of the underlying cryptocurrency.

Does Blueberry Markets offer share trading?

Blueberry Markets offers share CFDs covering US and Australian equities. These are leveraged instruments and do not confer ownership of underlying shares.

What does Blueberry Markets charge for forex trading?

The Standard account charges spreads from 1.0 pip with no commission. The Direct (Raw) account charges spreads from 0.0 pips with a commission of $3.50 per side per standard lot, equating to $7 per round turn.

Is there a withdrawal fee at Blueberry Markets?

Blueberry Markets does not charge internal withdrawal fees. International bank wire transfers may attract SWIFT and intermediary bank charges. Third-party payment processors may also apply their own charges.

Does Blueberry Markets charge an inactivity fee?

No. Blueberry Markets does not charge an inactivity fee. Accounts with a balance under $100 and no activity for 90 consecutive days are automatically archived.

Does Blueberry Markets charge a deposit fee?

No. Blueberry Markets does not charge internal deposit fees. Payment processors may apply their own fees in some cases.

Does Blueberry Markets have a demo account?

Yes. Blueberry Markets offers a free demo account funded with $100,000 in virtual funds. The demo account has no expiry and provides access to the same platforms as a live account.

Does Blueberry Markets have a mobile app?

Yes. Blueberry Markets provides mobile trading through the MetaTrader 4 and MetaTrader 5 apps on iOS and Android, as well as the cTrader and TradingView mobile apps.

Is Blueberry Markets good for beginners?

Blueberry Markets offers a free perpetual demo account, a low $100 minimum deposit, and educational content. The Standard account removes commission calculations, which can simplify cost tracking for newer traders.

Is Blueberry Markets good for long-term investing?

Blueberry Markets is primarily a CFD and forex broker. Its products are leveraged instruments not suited to long-term buy-and-hold investing. Users seeking long-term investment products such as ETFs, shares with ownership, or ISAs should consider other platforms.

Bottom line

Blueberry Markets suits users who want a low-cost, ASIC-regulated CFD and forex broker with raw spreads, a broad platform choice including MT4, MT5, cTrader and TradingView, and a free demo account. It may not suit users who want ETFs, bonds, listed options, futures, an investor compensation fund, or direct share ownership rather than leveraged CFDs.

Blueberry Markets

Active forex and CFD traders

Open Account

Your capital is at risk. Other fees apply.