Blueberry Market Review

There are two types of accounts with Blueberry Markets, and both are noted in the table a few sections below. One is a zero-commission account, where costs are built into the spread and the profit is yours to keep. The other is a raw spread account. There, a fixed commission is charged for each trade you make. The Standard and Direct Accounts, respectively, work well for traders who want traditional spread pricing or raw spreads/fixed commissions.

Fees

Blueberry Markets fees are based on a tight spread offering from 0.0 pips for professionals, also broker applies 0 commission on a standard account but charges a higher spread with service markup.

What is Swap Fee?

Also, always consider the overnight fee as a cost referred to as the Rollover rate, an interest for holding positions open overnight in Forex trading. It is determined by the overnight interest rate and is a differential between two involved in trade currencies.

• Blueberry Markets fees are ranked low with an overall rating of 8 out of 10 based on our testing and compared to over 500 other brokers. Fees might be different based on entity offering, see our findings of fees and pricing in the table below, however, Blueberry Markets’ overall fees are considered good.

Spreads

Blueberry Markets Standard accounts with spread-only spreads are higher, due to costs that are inbuilt into the spread, so you will get around 1 pip for EUR USD, which is actually still considered a good proposal.

What is Blueberry Markets Commission?

If you trade with a professional account, there is a commission charge of $7, which is also may be lowered for high-volume traders and the spread is interbank offering typically 0.2 pips for EUR USD pair.

• Blueberry Market Spreads are ranked low with an overall rating of 8 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average of 1.2 pips for EURUSD, and spreads for other instruments are very attractive too

Deposits and Withdrawals

The number of payment methods to fund the trading account will allow you to transfer funds quickly by the use of Visa/MasterCard, Skrill, POLi Payment, fasapay, and Bank Wire Transfers.

While you may choose a base account currency which will also assist in seamless transfer with no conversion fees.

• Blueberry Market Funding Methods we ranked Good with an overall rating of 8 out of 10. The minimum deposit is among average in the industry, yet fees are either none or very small also allowing to benefit from various account-based currencies, yet deposit options vary on each entity

Here are some good and negative points for Blueberry Markets funding methods:

Deposit Options

In terms of funding methods, Blueberry Markets offers numerous payment methods which are a very good plus, yet check according to its regulation whether the method is available or not.

Minimum Deposit

The minimum deposit amount requires $100 if you apply for a Standard account based on spread only. For professionals and accounts with tailored solutions, $2,000$ as the first deposit is considered a great opportunity for high-volume traders.

Blueberry Markets minimum deposit vs other brokers

Withdrawals

Blueberry Market does not charge any internal fees for deposits or withdrawals, and also includes a wide selection of payment methods. Yet, you should check with your payment provider in case any fees are waived due to international policies for money transfers, as some charges may be applicable, as well as regulatory requirements for Withdrawals to Bank Accounts only or so.

Leverage

One of the great features of Forex trading and a part of Blueberry Markets Review and check is an allowance to use leverage, which may increase your potential gains timely.

Leverage fall under regulatory restrictions being an Australian brokerage still allows high leverage ratios:

• Maximum leverage 1:30 for Forex instruments
• Leverage 1:500 for International resident clients

This all in all brings vast opportunities specifically for retail traders, as your trading size may magnificently enlarge. Nevertheless, always learn deeply about how to use maximum leverage smartly as “unhealthy” use may increase your risk dramatically and demands some higher margins as well.

Conclusion

Overall, our Blueberry Markets review concludes that this brokerage trading firm offers moderately good trading conditions for its clients. While Blueberry Markets may not be the best forex broker for active traders, you can still use their trading platform (MT4 or MT5) to trade throughout the day.

Blueberry Market FAQ’s