In this comprehensive Blueberry Markets review 2025, we’ll explore all the crucial elements that matter to traders: regulation, account types, trading platforms, fees, customer support, asset variety, and overall transparency. We’ll also compare Blueberry Markets to top-tier competitors — and ultimately explain why this broker may not be the ideal choice for every trader.
Blueberry Markets has positioned itself as a user-friendly, client-oriented forex and CFD broker catering to traders worldwide. With a slick website, glowing Trustpilot reviews, and a strong Australian brand identity, the broker tries to appeal to both beginners and intermediate traders. But how well does it truly perform when we take a deeper look?
What is Blueberry Markets?
Blueberry Markets is an Australian-based online forex and CFD broker, launched in 2016. It operates under the company Eightcap Pty Ltd, which is regulated by the Australian Securities and Investments Commission (ASIC). The broker offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms and promotes itself as a reliable, fast-executing broker with low spreads and premium customer service.
With its catchy branding and claims of “blue-chip level” service, Blueberry Markets tries to differentiate itself from other ASIC-regulated brokers — but how much of that is marketing hype?
Is Blueberry Markets Legit and Regulated?
Regulation and Licensing
During our Blueberry Markets review, we found out that it operates under the legal framework of Eightcap Pty Ltd, which holds an ASIC license (AFSL number 391441). ASIC is known for enforcing solid financial standards in Australia, including requirements around client fund segregation and fair marketing.
However, here’s the catch: only Australian residents benefit from full ASIC protection. Clients in Europe, Asia, Africa, and Latin America are often onboarded via offshore entities, where regulatory standards are much looser, and client recourse is minimal in case of disputes.
Key Concern
While the website heavily emphasizes ASIC regulation, it does not make it clear enough that international clients may fall under different legal jurisdictions, depending on their country of residence. This lack of transparency is concerning.
As a result, Blueberry Markets is technically regulated, but for international clients, that regulation might not mean much.
Trading Platforms
Blueberry Markets offers MetaTrader 4 and MetaTrader 5, the world’s most popular trading platforms. These platforms are well-known for their custom indicators, automated trading (via Expert Advisors), and strong charting tools.
In this part of our Blueberry Markets review, we take a closer look at what the broker offers in terms of trading technology.
MetaTrader Support
Blueberry Markets provides access to the two most widely-used platforms in the retail forex world: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are downloadable on desktop, accessible via web, and available on mobile devices.
MT4 is known for its simple interface and wide availability of Expert Advisors (EAs), while MT5 offers additional technical indicators, more timeframes, and faster processing. However, both platforms are beginning to show their age. While still reliable, they lack modern UX design, integrated market news, or cutting-edge tools like AI analytics or one-click advanced order ladders.
No Proprietary Platform
Unlike brokers such as eToro or IG, Blueberry Markets does not provide its own proprietary platform. There are no exclusive trading tools, advanced analytics, or real-time risk metrics integrated into the broker’s offering.
This is a missed opportunity, especially in 2024, when leading brokers are investing heavily in intuitive platforms that simplify the trading experience for new users and empower professionals with enhanced data and execution tools.
Blueberry Markets review takeaway: While MetaTrader support is useful, the platform suite lacks innovation and customization options for traders who need more than the basics.
Account Types and Leverage
Blueberry Markets offers two main account types:
1. Standard Account
- Commission-free
- Spreads from 1.0–1.5 pips
- Best for casual traders
- No minimum trading volume
2. Direct Account (ECN-style)
- Raw spreads from 0.0 pips
- $7 round-turn commission per lot
- Best for scalpers or EA traders
- Requires a more active trading style
Leverage
Blueberry offers leverage up to 1:500, depending on jurisdiction. This high leverage can be appealing to beginners but also increases risk dramatically — and regulators like ASIC have limited leverage for retail traders to 1:30, so it’s unclear how Blueberry is offering 1:500 without routing users through offshore registration.
Spreads, Commissions, and Fees on BlueberryMarkets
Let’s talk about commissions and spreads on BlueberryMarkets. This is where things become more nuanced.
Standard Account Spreads (on average):
- EUR/USD – 1.5 pips
- GBP/USD – 1.8 pips
- USD/JPY – 1.6 pips
Direct Account Spreads (raw + commission):
- EUR/USD – 0.1 pips + $7/lot
- GBP/USD – 0.3 pips + $7/lot
These numbers are not the worst, but also not the best. In comparison:
- IC Markets offers EUR/USD at 0.1 pips + $6 commission.
- Pepperstone offers similar or better pricing with faster execution and a larger liquidity pool.
Other Fees
- No deposit/withdrawal fees (usually)
- Inactivity fee: None advertised, but terms can change
- Conversion fee applies for non-USD base currencies
SEO keyword: Blueberry Markets spreads, Blueberry Markets fees
Asset Classes and Trading Instruments
Blueberry Markets provides access to:
- Forex – 40+ currency pairs
- Commodities – Gold, oil, silver
- Indices – NASDAQ, Dow Jones, FTSE 100, ASX 200
- Cryptocurrencies – Limited selection (BTC, ETH, LTC, XRP)
This asset offering is decent, but lacks depth. For example, crypto traders will find the selection underwhelming, and there are no stock CFDs or ETFs — a feature that’s standard with brokers like eToro or Capital.com.
Deposit and Withdrawal Process
Funding your Blueberry Markets account can be done via:
- Credit/Debit cards
- Bank transfer
- Skrill
- Neteller
- POLi (Australia only)
Withdrawals are processed within 1–3 business days, although some users report delays. Moreover, international bank withdrawals can incur intermediary fees that are not covered by Blueberry.
Real User Reviews on BlueberryMarkets
Several clients on Trustpilot and Forex Peace Army have mentioned that withdrawals on BlueberryMarkets are slow, especially for larger amounts or when accounts are under review.
Education and Resources
Blueberry provides:
- Beginner trading guides
- Forex terminology glossary
- Webinars (infrequent)
- Blog articles
Unfortunately, the educational content is thin and not updated frequently. There’s also no structured course, quizzes, trading community, or mentorship programs — features that are becoming common with other brokers.
Customer Support
Support is offered via:
- 24/7 Live chat
- Email and phone
- No support in multiple languages
- No local presence outside Australia
While the support team is polite and knowledgeable for general queries, they often can’t resolve technical issues without escalating them, which slows down response time.
Blueberry Markets Pros and Cons
Pros:
✅ Regulated by ASIC (for Australian users)
✅ MT4 and MT5 supported
✅ Raw spreads available (Direct account)
✅ Decent execution speed
✅ VPS hosting for high-volume traders
Cons:
❌ Offshore onboarding for most clients
❌ No proprietary platform or advanced tools
❌ Limited educational content
❌ Inconsistent withdrawal speed
❌ Limited crypto and no stock CFDs
❌ No negative balance protection mentioned clearly
Is Blueberry Markets a Scam?
Let’s clarify: Blueberry Markets is not a scam, in the sense of being an unregulated, fly-by-night broker. It’s been operating since 2016 and holds a valid ASIC license. However, the offshore structure, lack of innovation, and poor feature set do raise red flags.
Blueberry may not defraud traders, but it also doesn’t provide the level of quality, transparency, or performance that professional or serious retail traders expect in 2024. Ultimately, Blueberry Markets is not a scam — but certainly not the best choice either.
Another Look at the Broker’s Overall Value
To provide the most accurate Blueberry Markets review, it’s important to compare the broker’s complete offer against what the broader forex trading industry provides.
With limited educational resources, average trading costs, and few value-added features, Blueberry Markets feels more like a “good enough” broker rather than a standout performer. Even when considering the positive user reviews and ASIC oversight, it becomes evident that this broker does not bring anything particularly unique to the table.
Other brokers are now offering:
- Deep liquidity via Tier 1 banks
- Free trading signals and market research tools
- Proprietary mobile apps with push notifications
- Copy trading and social features
By contrast, Blueberry Markets delivers the basics — and not much more.
Final Verdict: Should You Use Blueberry Markets?
Blueberry Markets has potential, but it simply doesn’t stack up well against its competitors. For beginners, it may look appealing due to its clean UI and friendly support. However, experienced traders will quickly notice:
- Lack of cutting-edge tools
- Mediocre spreads
- Poor international transparency
- Limited asset coverage
- Basic education resources
There are better brokers out there offering more value, stronger platforms, and stricter regulatory protections.
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