Blueberry Markets 2021 Overview
Blueberry Markets is a company with registration in Australia, but offering trading in various assets for clients from all over the world. An extensive base of instruments, and there are 350 of them, offers a good choice for any trader, such as metals, grains, futures, currencies and cryptocurrency.
The difference of the company from the similar ones – zero spreads for the Raw ECN account, low commissions and two types of leverage: 1:500 for VFSC and 1:30 for ASIC. Taking into consideration the low minimum initial deposit threshold of $100 and the ease of funding the account (more than five methods), the company looks very competitive.
The liquidity providers are the leading banks with global presence, more than twelve of them, due to which the spreads are quite narrow, the infrastructure is reliable and the time of transactions is not long. Blueberry Markets provides services that help clients succeed. Experienced employees are ready to help you at any time of the day or night.
The CEO of Blueberry Markets states: “When I created the company, I wanted to watch clients succeed with my company. Our platform contributes to that. In the same way, I plan to attract the most profitable traders to our company.
Regulation of Blueberry Markets
The Blueberry Markets Group brand is registered as Eightcap Pty Ltd. Eightcap and is overseen by two regulators at once, they are the Australian Securities Commission (ASIC) with registration number AFSL 391441 and the VFSC in Vanuatu with registration number 40377.
Being under the supervision of ASIC, a broker must comply with the highest standards, both in financial reporting, and in corporate governance in Australia.
The bank account of the Australian National Bank keeps clients’ funds separate from the company funds, which means that the traders’ money cannot be used for the benefit of the company.
Blueberry Markets platforms
The trading platform used is MT4, a Russian-developed platform that has proven itself among companies and private clients. Probably, popularity is explained by the absence of payment for the use of the platform. Working with this software is possible both from a computer and a mobile device by installing an application for iOS and Android.
MetaTrader Platform (MT4)
MT4 platform is used worldwide by millions of traders of any level, the platform was created in Russia (Kazan), now the company is registered in Cyprus, and has offices in Australia, Turkey, China and Singapore. It has more than 30 indicators of technical analysis, EAs support (trading with EAs). Moreover, with MetaEditor, user can create indicators by himself, test expert advisors on historical data.
Other MT4 features include real-time price quotes in the market watch window, 9 timeframes, multiple chart types and orders, one-click trading, notifications, templates, a market with thousands of additional instruments and much more.
When working through a computer, all you need is the Internet, no program download is required. The mobile app, on the other hand, is available for installation on almost all devices.
Blueberry Markets Accounts and Fees
There are two types of accounts for clients with different levels of training – standard and professional. The first and the second provide tight spreads and instantaneous transactions, since liquidity is supplied from several sources at the same time. The size of the spread depends on the type of account opened. It is recommended before opening a real account to test the platform and your strategy by opening a demo account, this allows you to not risk your money during the learning phase. In this case, all the basic tools will be available, and support will be fast.
All commissions and expenses are included in the spread, which starts from 1 point. Initial amount. With which you can begin trading – $100, and the minimum volume of transactions sotalas 0.01 lot. This account suits very well for a trader who combines trading on the market with his main job and does not want to risk a lot of money, because trading on the financial markets with leverage carries a risk of losing money.
On the Raw ECN professional account, spreads from zero pips, commission per lot from $7. This is a competitive advantage. Starting deposit is $1000, while minimum volume is 0.01 lot, as it is on standard account.
Blueberry Markets Support
Support is available 24 hours a day, trading on weekends is not recommended for novice traders. You can approach with a question through online chat or by calling the hotline.
Deposit and Withdrawal at Blueberry Markets
Each client will find a convenient way to deposit and withdraw profit:
Transfer to the company’s bank details
International debit card
For European clients – Skrill
Before you make a transaction, please find out which deposit or withdrawal option is available for your region.
There is no commission for withdrawal, the request for withdrawal should be made in the personal cabinet, usually, from the moment of withdrawal request to the moment of funds receipt passes no more than 24 hours, if the withdrawal is made to a bank account. Such transaction takes a few days. In case of complex situations withdrawal may take more time.
Usually brokers offer to open an account in three major currencies (Euro, Dollar, Pound), but at Blueberry accounts can be opened in Australian, Canadian, New-Zealand, Singapore dollars as well as in Euros and Pounds. This saves money of the customers, as no conversion commission is charged.
Account Opening at Blueberry Markets
All you need to do to open an account is to fill out a simple form on the website and then verify the account. Passport and proof of address are required for verification. All documents need to be current on the date they are provided. After verifying the documents, simply fund your account and start trading.
Trading tools Blueberry Markets
All trading tools are provided by the Metatrader platform, standalone tools are not provided by the company. Certain customers can leave a request for a VPS connection, which is suitable for automated trading. This service is free.
Virtual Private Server (VPS)
This service is available for clients with turnover from 10 lots per month, the convenience is that you do not need to use your computer every time to run the platform. If you fit your criteria and you like automated trading, this service is suitable for you. The delay in using VPS is only 1 millisecond. VPS support is available 24/7.
Blueberry Markets is a broker located in Australia, operating under the supervision of two regulators, the set of instruments exceeds 350. The world famous MT4 platform with its set of functions will be fast and convenient. By choosing an account that is comfortable for you, trading will be simple and easy, and support will be prompt. It should be noted that there are accounts without commission and with low spreads. If you have a trading turnover, it is possible to connect a VPS for free. Company registration in Australia means compliance with the strictest rules of regulator, trader’s funds will be always safe, and confidentiality policy does not allow leakage of personal data outside the company.