Blueberry Markets Review, Forex Broker&Trading Markets, Legit or a Scam

The company meets the highest standards of the Australian Securities and Investments Commission (‘ASIC’) for the security of client money. It is also a member of the Australian Financial Complaints Authority (‘AFCA’), ensuring that any complaints are dealt with professionally and promptly. Moreover, retail clients’ funds are kept separately from the business fund and are held in accounts with Australian banks and custodians. There is a minimum deposit of $100 to open your Blueberry Markets account. Both the standard and direct accounts offer competitive spreads, a popular choice out of the platforms available on the market.

blueberry markets review

With this account, the Blueberry Markets spreads start from 0 pips. There is a $7 commission charged per standard lot trade for a round turn. This competitive commission may increase on substantial trading volumes.

Eightcap Global Limited is the broker’s offshore entity and it operates under the ‘Blueberry Markets Global’ business name. The entity is licensed and regulated by the Securities Commission of the Bahamas under registration number SIA-F220. Visit our methodology page to learn more about our review and rating process. The broker’s primary entity, Blueberry Markets Pty Ltd., is quite secure as it is licensed by a top-tier regulatory body.

NewsWikiFX report:Blueberry Markets to integrate content and trading signals from Acuitys Signal Centre

If you apply for a Standard account based only on spread, the minimum deposit amount is $100. The initial deposit is $1,000 dollars for professionals and accounts with customized solutions, which is regarded as a fantastic chance for high-volume traders. The company also holds a license from the regulatory body in the Bahamas, the Securities Investment Business Authority (SIA-F220).

blueberry markets review

The underlying risk can be further reduced by utilising stop-loss orders or including an expiry date to the primary order. If they prefer guaranteed entry at a specific price level instead, then they would be better off using beaxy exchange review limit orders. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.

Forex and CFDs are highly leveraged products, which means both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford to incur losses that will not adversely affect your lifestyle. Fast and efficient and effective and great spreads on the Professional account. Plus, the amount you deposit is always available for immediate withdrawal.

Deep liquidity Fast execution. Spreads from 0.0 pips.

I like that they provide ECN and commission free accounts with low spreads, rapid trade execution speeds and flexible leverage. You can also get access to a free VPS, trading tools, educational materials, various account funding options and excellent customer support. They have always provided me with an excellent service over the years and I think they can be an excellent choice for anyone looking to trade online in a regulated environment with minimal fuss. Blueberry Markets is an Australian broker founded in 2016 that offers a wide range of trading platforms and instruments for traders of all experience levels. The standard account starts with a deposit of $100 and offers trading with zero commission rates.

Can forex make me rich?

Forex Trading is NOT a Get-Rich-Quick Scheme. Forex trading is a SKILL that takes TIME to learn. Skilled traders can and do make money in this field. However, like any other occupation or career, success doesn't just happen overnight.

Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about. This page may not include all available products, all companies or all services. They use a combination of tactics to ensure your money is gone (even when you’re profiting one way they will find a way to minimise or spike your stop loss). Their best used manipulation method is the games they play with their spreads and the way they increase those spreads as they please . They will do price hikes that are not seen in any chart and suddenly your money is gone without a trace.

Yes, Copy Tradingis made available with Blueberry MarketsMetaTrader5. Copying trading is an operation that happens in real-time through trading signals from one account to another. The applicant can now select their Trading platform (MT4 / MT5), a standard or raw account, plus their account base currency and Leverage. Blueberry Markets has over 30,000 active traders listed and the broker is one of Australia’s most trusted, ASICandSCBlicensed brokers. All online Blueberry Markets reviews present a positive verdict on this Australian online brokerage. In some countries, these payment systems are directly linked to one bank account.

So now that our Blueberry Markets review has established that the broker offers heaps of assets – we now need to discuss those all-important fees. This means that you will not be buying or selling traditional assets – such as shares or ETFs. Instead, you will be ‘trading’ the CFD asset class by speculating on whether its price will rise or fall. As the underlying financial instrument does not exist – this gives Blueberry Markets the freedom to offer a huge library of assets. The above factors alone illustrate that across the board – Blueberry Markets is a top-rated platform. With that said, no two online brokers are the same – so we would suggest reading the rest of our review to ensure Blueberry Markets is right for you.

As a separate tool, Blueberry Markets offers it, eligible clients with a free Virtual Private Server. Here’s a quick overview of the tools and platforms provided by Blueberry Markets to their clients. Financial instruments, such as forex currency pairs, commodities, and CFDs, are some of the world’s top trading assets. Indices, metals, individual stocks, and cryptocurrencies are lucrative trading instruments.

Is Blueberry Markets a scam company?

Traders can set notification alerts and run templates for their trading activities and access a marketplace with dozens of additional tools. There is near-zero latency registered as the VPS delivered a 1-millisecond time-leap advantage compared to other trade servers. It also performs with a 100%-guaranteed uptime, supported by a 24/7 technical customer service team. A new Blueberry Markets account is activated by providing proof of ID and proof of address.

Is demo trading really useful?

Whether you are a new trader trying to learn the ropes of forex trading in a realistic environment or if you are a seasoned currency trader looking to check out a new online broker, dealing platform or trading strategy, forex demo trading can be a useful way to practice without the added element of actual real money …

For instance, if traders need guaranteed entry around the current spot price, they may opt for market orders. The platform’s tools are arranged neatly in different categories depending on their function. These different categories are displayed logically, and even beginners can quickly find their way around the platform. More experienced traders would certainly enjoy the platform’s fast order execution, which negates the possibility of slippage.

Trading Platform

You should follow the opening account or sign-in page and follow the guided steps. You would also be advised to upload a copy of your ID and residence in order to prove your identity. Once the account has been confirmed, you will have access to your Client Portal, where all your account management is taking place, and proceed with the first deposit. Learn 2 Trade Team never contact you directly and never ask for payment.

Also, always consider the overnight fee as a cost also referred to as the Rollover rate, an interest in holding positions open overnight in forex trading. It is determined by the overnight interest rate and there is a difference between the two involved in trading currencies. Your deposited funds are held in a segregated trust account at National Australia Bank , away from company funds. Available funding methods are Visa, wire transfer, union pay, Poli, Skrill, Fasapay, Bank transfer, and master card. Blueberry Markets is an online Forex broker, which is based in Australia.

Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBrokerReport.com, nor shall it bias our reviews. They have an amazing reputation within the industry for being one of the best forex trading brokers. Blueberry’s video content represents a quick rundown of the same trading concepts, as well as the peculiarities of trading on MetaTrader 4 and MetaTrader 5. This is especially important for traders who are not accustomed to the two platforms. Materials in this section underscore currently emerging trading setups on a number of instruments, most commonly FX pairs, in light of an upcoming market event taking place over the next five days.

Once a trader can pay $100, but $1000 is beyond reach for a regular trader. The broker should mitigate its trading fees to reach every corner of the world with its affordable range. Blueberry Markets uses the prominent MetaTrader 4 and MetaTrader 5 on this platform. It allows you to discover which forex trading techniques work for you and gives you the option to trade on the go. It also allows you to dabble into automated trading depending on your skill level.

Brokers

Or if you are an expert, there is a chance for trading via a pro account with better conditions and tailored solutions that are good for professional traders and larger-size traders. We are a team of professionals with over 10 years of experience, dedicated to provide Forex traders with MT4 Indicators, Trading Systems and eBooks. Simply pick up the phone or jump the history of forex on live chat to speak to any of our professional account managers at any time of the day or night. For as long as your clients are trading live, you can actually earn rebates for a lifetime. We will be covering information about the team behind the company, the platforms offered, and some great income opportunity streams offered by the company for marketers.

Blueberry Markets does not charge anything for either type of transaction, though third-party fees may apply. For instance, clients using Skrill may be charged up to 3% of the total sum for withdrawals. Additional information regarding transactions from or to Blueberry accounts can be found here. In addition to the live chat option, traders can also email Blueberry Markets’ customer support or call one of the two telephone numbers.

Blueberry Markets Broker Review has been working in the market for four long years still there are certain areas which the broker has not improved. To stand in this tough competition, it requires to pay heed to its high fees, commission, limited tradable assets, lack of research tools and limited educational material. It is regulated but does not offer protection against a negative balance.

It used to be Ben Clay, but he has moved up in the company, and now Tim is your guy. But now, Blueberry Markets has added the top 50 US stocks, and ten different cryptocurrencies for you to chart and trade as well if you use their MT5 platform. People were still crazy in love with the product and the service.

You can choose from Blueberry Markets different account types, depending on how experienced a trader you are. The standard or the direct, and you also can use the demo account to practice for free. When researching the customer service of Blueberry Markets, we found that they offer a very dynamic approach to their customers.

It is important to note that TP/SL are customer requests, and cannot be guaranteed by Blueberry Markets or our liquidity providers. Such requests, on every occasion, are to be filled at the next best price depending on multiple factors including order volume, market liquidity, and market volatility. Due to their Trade execution delay, price manipulation I have lost my entire capital of $44000 so please stay away from this broker. If you are trading with this broker withdraw your hard-earned money instantly because they will eat your money anytime.

The average industry commission is $5-$10/lot round trip, so this broker’s fees are considered to be high when compared to other brokers in the industry. One thing that we like about Blueberry Markets is their excellent customer service. They are always happy to help and answer any questions you may have on live chat. The support staff is knowledgeable and friendly, which makes for a positive trading experience. Blueberry Markets aim to put the customers trading experience first. The platform is designed to work with the user and improve their trading strategies while developing their understanding of the financial markets.

Leverage and Spreads

However, while the leverage multiples the profit potential of your trades, there is a parallel increase in the loss potential. Contracts for difference are financial derivatives that allow traders to speculate on the price of a given instrument without physical delivery of the underlying. For instance, you can trade gold as a CFD without actually having to own any gold bars.

This can let you see how a robot may have performed historically speaking. Clients from Australia can trade with the broker’s primary entity, Blueberry Markets Pty Ltd. Traders from China, Japan, Europe and elsewhere, barring the U.S., can sign up with Eightcap Global Ltd, the broker’s offshore entity. It should be pointed out that while the former has tier-1 regulation, the latter does not. Accordingly, the losses you incur from your losing trades are also multiplied.

When trading forex and CFDs, it is crucial to know a broker’s strengths and weaknesses. We put the knowledge and expertise of our reviewers just2trade review to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely.

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