Read our Blueberry Markets review to see if this broker is a scam or legit. Just to clear doubts, this is a blueberrymarkets.com review.
When you do online trading, the choice of which broker to use must be done wisely. This market keeps expanding so you need a reliable broker that can be used easily and conveniently. Blueberry Markets is an Australian broker with over 30,000 users across the globe. It has gained great popularity since it was started in 2009 and this Blueberry Markets review will emphasize its different features and offers.
Blueberry Markets has won several awards, which prove its reliability. It is a trading name used by EightCap and is regulated by ASIC (Australian Securities and Investments Commission). Therefore, it is totally legit and trustable. The client’s funds are kept safe from scams by keeping them in segregated accounts, separate from business funds.
Leverage also known as loans, can potentially increase gains as time passes. Most leverage ratios regularly fall under regulatory restrictions, but since Blueberry Markets is an Australian broker, its leverage ratios are allowed to be high and they can go up to 1:500 for Forex instruments. Even though this can be beneficial, you should do research beforehand to learn how to use maximum leverage in a smart way.
Blueberry markets offer two account types, i.e. Standard account, and Direct account. They both make use of MT4 and MT5, the standard account features 0$ commissions and is suitable for beginners, while the direct account features 7$ commissions and gives more transparency. Creating a Blueberry Markets account is also quite simple, but you are advised to add evidence like your ID copy to prove your identity.
The standard account does not have added costs since they are already on the spread. The minimum deposit to open this account is 100$ and the clients have the ability to use over 300 trading instruments. Clients with a direct/professional account can see the raw market spread and observe real-time prices. Similar to the standard account, the minimum deposit in this account is also 100$ and there are 300+ trading instruments. Clients on both accounts can access the forex VPS free of cost. This VPS provides the best experience and low latency, along with ensuring quick tasks.
Blueberry Markets Trading Fees
Furthermore, this brokerage has no deposit fee, withdrawal fee, or inactivity fee. Its fee ranking is lower in comparison to other brokers like AvaTrade fees. As for the spreads, they are different for both accounts. The standard account spread will get around 1pip for EUR USD, which is still considered reasonable. The professional account will get around 0.2 pips for the EUR USD pair.
Blueberry Markets offers different trading platforms to access the trading environment itself. It makes use of MetaTrader4 and MetaTrader5 and is available for use on web and desktops which consist of free tools, deep trading history, and more capabilities. For even more convenience, the Blueberry Markets mobile platform is also available in the form of an application that comes with push notifications and customization options.
MT4 offers 9 time frames, 30 technical indicators, one-click trading, and expert advisors. The MT5 offers 21 time frames, and 38 technical indicators, one-click trading, expert advisors, and even economic calendars. Their available instruments also vary; while MT4 consists of indices, forex, metals, and energies. MT5 has all these along with Cryptos and shares
Responsive Customer Service
To ensure customer satisfaction and loyalty, Blueberry Markets has highly responsive and supportive one-on-one customer service available 24/7. Their answers are relevant and you can always rely on them to assist you if you face any difficulty or have a concern. There are multiple ways to reach out to the customer service team including phone calls, live chats, emails, etc. depending on whatever you find easier.
Moreover, this broker provides customers with daily market updates through its YouTube page. Its trading blog is available via the official website and is constantly being updated to provide you with new changes in the market. Blueberry Markets uses only good research tools, which are also available for free use.
Overall, Blueberry Markets is a trading firm with good conditions and a drive for customer satisfaction. Their customers have stated that their queries were answered timely and the customer service team was highly cooperative throughout the entire process. Using Blueberry markets as a new or experienced trader will surely benefit you.