Blueberry Review 2025

Trust

Blueberry Regulators

In our reviews, we examine the regulatory status of each entity operated by a broker. This allows us to compare the different levels of client protection. We rank regulators using a three-tier system, where Tier-1 licensing reflects the highest level of regulation.

Here are my findings on the entities of Blueberry:

• Blueberry (V) Ltd is regulated by the Vanuatu Financial Services Commission (VFSC), company number 700697. We rate the VFSC as a Tier 3 regulator.
• Blueberry Australia Pty Ltd is regulated by the Australian Securities & Investments Commission (ASIC), ABN 67 646 513 797, AFSL 535887. We rate ASIC as a Tier 1 regulator.

Understanding the Regulatory Protections of Your Account

Brokers operate multiple entities to serve clients globally, yet regulatory protections vary by jurisdiction. Some regulators enforce strict financial standards, while others are more lenient. Traders should understand the protection offered by the entity where they intend to open an account.

• Segregation of client funds. Keeping client funds in segregated bank accounts from the ones used for the broker’s corporate capital negates the risk of accounting errors. Both Blueberry entities segregate client funds from operational funds.
• Negative balance protection. This safety mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. This is especially important in volatile markets. Both Blueberry entities provide negative balance protection.
• Compensation scheme. A compensation scheme protects retail traders against the broker’s liabilities in the unlikely event that the company becomes insolvent. Neither of Blueberry’s entities offers a compensation fund.
• Maximum leverage. Capping the maximum leverage restricts the extent of market exposure to retail traders. The higher the leverage, the higher the potential profits and potential losses. The maximum leverage on the Australian entity is 1:30, while the global entity offers leverage of up to 1:500.

Stability and Transparency

In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on the broker’s longevity, the company’s size, and transparency in terms of readily available information.

Founded in 2016, Blueberry has a relatively modest operating history. The company’s LinkedIn page lists the number of employees as 51-200, reflecting a small-sized brokerage firm.

While observing the Blueberry website (blueberrymarkets.com) and social media presence, I judged that this broker is highly transparent about its fees, regulatory status, and overall background. Information and materials were clearly laid out and easy to find.

The company’s regulatory status can be viewed in the footer of the website. Information relating to trading costs can be found on the Trading Conditions page. More detailed coverage of margin, commissions, and charges can be found in the Client Agreement on the Legal documentation page.

Is Blueberry Safe to Trade With?

In summary, my findings indicate that Blueberry can be regarded as having a moderate level of trust and stability due to the following factors:

• 8-year operating history
• All entities segregate funds
• All entities provide negative balance protection
• Transparent in essential areas like fees and regulation
• Lacks a compensation fund in the event of insolvency

Fees

Blueberry Trading Fees

Blueberry Spreads

I tested the spreads at Blueberry during the London open and just after the New York open on 4 October 2024. At these times, the market is typically highly liquid with the tightest spreads.

I found that spreads in forex were close to the industry average, while commodities, shares, and crypto were more competitive than most CFD brokers. The spreads in indices are especially tight.

Blueberry Swap Fees

The table below shows the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of maintaining a sell position overnight) for one full-sized contract.

A full-sized contract is 100,000 units of the base currency (the first currency quoted in the pair). I recorded the data on 4 October 2024.

The values listed below are for one full contract (100,000 units) of the base currency.

My tests showed that spreads at Blueberry are in the standard range for the industry.

Blueberry Non-Trading Fees

Blueberry does not charge deposit/withdrawal fees or inactivity/account maintenance fees.

Are Blueberry Fees Competitive?

Overall, I rate the fees at Blueberry as highly competitive for the following reasons:

• Tighter than average spreads in most instruments
• Average swap fees
• No inactivity fees
• No deposit or withdrawal fees

Platform and Tools

MetaTrader 5 Desktop

In my live tests, I used the MetaTrader 5 (MT5) platform. It is available in 52 languages, from Arabic to Vietnamese, and provides popular features such as:

• Alerts: This feature updates traders when an instrument reaches a specific price level.
• Watchlists: Traders can create a list of their favorite instruments and follow live quotes in a market watch panel.
• One-Click Trading: This feature allows traders to execute orders with a single click and no secondary confirmation. This feature enables traders to operate faster and is especially useful for short-term traders.
• Trading from the Chart: MT5 also allows users the convenience of trading directly from the chart.

The MarketWatch panel enables traders to stay on top of their favorite instruments at a glance.

The Toolbox panel allows traders to track their open positions, market exposure, trade history, and profit/loss figures in real time.

MT5 Desktop Charts

Charting features are robust. MetaTrader 5 offers:

• 38 Technical Indicators: These include classic trend indicators, volume indicators, and oscillators.
• 44 Analytical Objects: These include lines, channels, Gann, and Fibonacci tools. 21 Time Frames. Traders can choose from many time frames, from one minute to one month.
• 3 Chart Types: Traders can use Bar Charts, Japanese Candlestick Charts, and Line Charts. MetaTrader is also popular due to its copy trading and automated trading features.
• Trading Signals: Signals in MetaTrader 5 allow users to copy other traders’ activity in real time.
• Automated Trading: MetaTrader 5 allows users to develop, test, and apply Expert Advisors (EAs) – programs that monitor and trade markets using algorithms.

MT5 Desktop Orders

MetaTrader 5 delivers when it comes to the range of available order types. The platform offers the following:

• Market Order: Traders use market orders to buy or sell an instrument at the best current price.
• Limit Order: Traders use limit orders to buy or sell an instrument at a specified price or better.
• Stop-Loss Order: Traders use stop-loss orders to buy or sell an instrument when its price reaches a specified level.
• Stop-Limit Order: Traders can manage risk more precisely with stop-limit orders, which combine the features of a stop-loss with those of a limit order.
• Trailing-Stop Order: Traders use trailing stop-loss orders as a stop-loss order at a defined percentage or dollar amount away from an instrument’s current market price. This order type allows traders to secure profits when they are in a winning trade while not having to exit the position.

MT5 Desktop: My Key Takeaways

The MetaTrader 5 desktop platform is one of the most feature-rich and popular retail trading platforms. However, it may present a steep learning curve for beginners. MT5 offers a greater number of technical indicators, graphical objects, and analytical objects than MT4. It also has great additional features like an economic calendar and market depth (DOM).

MetaTrader 5 WebTrader

From the client portal, traders can easily access the MetaTrader 5 WebTrader platform. The MT5 web platform differs greatly from the desktop and has a more user-friendly interface.

It allows you to trade without any additional software – only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system.

Popular features of the WebTrader platform include:

• One-click trading
• Trading from the chart
• Watchlists with real-time quotes
• Trade History
• Advanced charting

Watchlists provide real-time updates for a selected list of instruments.

MT5 WebTrader Charts

Charting via the WebTrader platform is outstanding. Traders can make use of:

• 31 Technical Indicators: These include classic trend indicators, volume indicators, and oscillators.
• 4 Analytical Objects: These include trend lines, regression channels, Gann, and Fibonacci tools.
• 9 Time Frames: Traders can choose from nine time frames, from one minute to one month.
• 3 Chart Types: Traders can use Bar Charts, Japanese Candlestick Charts, and Line Charts.

One of my favorite features of the MT5 WebTrader platform is the ability to overlay economic events on your chart. This allows you to easily stay on top of key market-moving data, and a major economic release will never take you by surprise.

MT5 WebTrader Orders

The WebTrader platform provides standard order types, including market orders, limit orders, and stop loss orders. Time-in-force conditions like Good-Til-Canceled (GTC) or a specified date can be applied to pending orders.

Traders can easily track their open positions, account balances, and profits and losses via the Trade panel at the bottom of the screen.

MetaTrader 5 Mobile App

Blueberry offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart.

The MT5 mobile app also provides many order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop. To change the language of the MT5 app, you must change the language for your entire phone.

MT5 App: My Key Takeaways

Overall, the MetaTrader 5 app offers an above-average range of features and I rate it as a well-designed app. I appreciated the wide range of technical indicators and the option of trading from the chart for fast order entry on the move.

Blueberry Order Execution Model

Blueberry operates under the Principle Model of brokerage. This means it is the counterparty to all client trades. It acts as a market maker, setting the prices at which it is prepared to deal with clients. To allow Blueberry to have a completely neutral position and limited internal risk, it may enter into an agreement with hedging counterparties immediately after clients place a trade.

Tradable Instruments

Blueberry offers a slightly above-average selection of forex pairs and excels in indices and cryptocurrencies. It has strong coverage of metals in commodities but lacks agricultural options.

The variety of global shares is impressive, with securities from major exchanges such as the Australian Securities Exchange, NASDAQ, London Stock Exchange, New York Stock Exchange, Euronext Paris, Madrid Stock Exchange, and Deutsche Börse Xetra.

What are CFDs?

A Contract for Difference (CFD) is an agreement specifying that the buyer must pay the seller the difference between an asset’s current value and its value at the time the contract was initiated. Like futures and other derivative financial instruments, CFDs allow traders to speculate on price movements without owning the underlying asset.

What Can You Trade with Blueberry?

To better illustrate the range of instruments available at Blueberry, the following tables show samples from various asset classes:

Blueberry Instruments: My Key Takeaways

I rate the range of forex pairs as solid, while the variety of indices, shares, and cryptocurrencies is excellent. Blueberry could do better by adding soft commodities like soybeans and instruments like ETFs and bonds.

Customer Support

Blueberry Customer Support Test

Support is a key component of a broker’s offering – whether you are a new trader looking for guidance on how to use the platform or an experienced trader who needs help fast to exit their positions in the event of a technical glitch.

I tested support at Blueberry over the phone, live chat, and email, with multiple inquiries. Agents were not always very well versed in CFD industry terminology but did their best to help.

With live chat, you have to go through a series of automated questions before reaching an operator, but after doing so, I found that you can reliably reach a live agent. I received replies to emails within one day.

My overall impression was that Blueberry offers personalized support with reliable agents. Sometimes it took a couple of tries to get the info I was looking for, but in the end, I was always able to get a satisfactory response.

Deposit and Withdrawal

Blueberry Deposit Methods

Processing times for deposits at Blueberry are better than the industry average.

Blueberry Withdrawal Methods

There are fewer withdrawal options, but Blueberry beats the industry average with fast processing and no fees.

Account Types and Terms

Blueberry Account Opening Process

To register for an account, clients must provide their name, email, phone, country of residence, nationality, date of birth, and address. To access a live account, you must verify your identity with official documents. Overall, the process is fast and seamless.

Blueberry Account Types and Their Benefits

The Standard Account reflects all costs in the spread, making it a simple and easy starting point for beginners. The Direct Account offers lower costs, making it more suitable for active, experienced traders.

Demo Account

Blueberry offers free demo accounts that can be used via MetaTrader 4 and 5 platforms.

Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money.

The demo account features live quotes and simulates live market conditions in assets like forex and CFDs on commodities, indices, and stocks. Once users are up to speed on a demo, they can easily switch to a live account.

Islamic Account

Blueberry offers a swap-free account that adheres to the principles of Sharia law.

What is CFD Leverage?

One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

For the Blueberry (V) Ltd. entity, the maximum leverage is 1:500. This means that with an account of $1,000, you can control up to $500,000 worth of positions in the market. This is an unusually high level of leverage and very risky to use.

Leverage is often described as a ‘double-edged sword’ as it can hurt you as much as it helps you. Traders should keep in mind that it can amplify both their profits and their losses.

Leverage varies by asset class, as illustrated in the following table:

Blueberry Restricted Countries

Blueberry does not accept as clients residents of the following countries:

American Samoa, Canada (Ontario), Central African Republic, Democratic People’s Republic of Korea (DPRK), Democratic Republic of Congo, Guam, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Mali, Northern Mariana Islands, Puerto Rico, Saipan, Somalia, Sudan, United States, United States Minor Outlying Islands, U.S. Virgin Islands, Vanuatu, Yemen.

Research

In-house analyst Jon Kibbler provides video-based market analysis, covering major market stories and explaining the fundamental forces driving price movements. The analysis also includes a technical overlay, highlighting key support and resistance levels.

VIP Trading Room

The innovative VIP Trading Room provides access to live analysis from market veterans, including Desmond Leong, Jon Kibbler, Peggy Sirirat, Emily Saw, and Ketan Rameshchandra.

The chat room features dedicated areas for various instruments, such as gold and oil, where clients can access live analysis and engage with other traders and analysts in real-time chats.

There is also a useful section explaining trading strategies in video format.

Blueberry Research: My Key Takeaways

While the written analysis via the website needs updating, I was impressed overall by the research resources available. The video content on YouTube is high-quality and insightful. Most importantly, the VIP Trading Room gets to the heart of what most traders look for live analysis, interaction with experienced analysts, and practical trading ideas and strategies.

Education

The Academy section of the website breaks educational articles into beginner, intermediate, and advanced categories. Beginners can get started with themes like understanding leverage in forex. Intermediate topics cover technical indicators and concepts like trend analysis. The advanced section goes into explaining specific strategies like the Opening Range Breakout.

The video tutorial section covers a range of topics from forex basics to technical analysis and strategies. These tutorials may help clients get up to speed and make the most of the MetaTrader platform.

The Bottom Line

Blueberry is regulated by top-tier ASIC and offshore VFSC. With eight years of experience, it is a relatively young broker. It offers highly competitive fees, with tight spreads and minimal account-related charges. I was impressed by its well-rounded selection of tradable instruments, particularly its robust range of cryptocurrency pairs.

I found Blueberry to be a user-centric broker, attentive to the needs of its client base. It offers features like an interactive VIP trading room, solid customer support, and diverse educational materials.

Blueberry could improve by updating the analysis on its website and adding a proprietary platform. Due to the limited regulatory oversight of the offshore entity, trust was the weakest category. Private insurance could improve this by protecting client accounts in the event of insolvency.

Overall, I rate Blueberry as a promising and innovative player in the CFD industry with an attractive offering for both beginners and experienced traders.

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