Blueberry Markets Review Australia 2026

Blueberry Markets quick facts

Trading costs and fees

Direct account for active traders

The Direct account is Blueberry’s RAW-style offering. EUR/USD spreads are advertised from 0.0 pips, with a commission of US$3.50 per side (US$7.00 round turn) per standard lot on top; Blueberry’s own account page states commissions are charged in USD with currency conversion applying to non-USD accounts (checked 17 July 2026), so the AUD cost floats, about A$10.00 round turn at the July 2026 rate. Across our eight measured pairs (May to June 2026 rolling 24-hour captures), the Direct account averaged 0.19 pips raw before commission. That’s competitive with the broader AU market, though not the cheapest in the table below. The 0.19-pip result ranked fourth of 16 raw accounts in our lowest-spread broker rankings; the round-turn rate is compared in AUD terms in the lowest commission forex brokers table.

Standard account for casual traders

The Standard account uses spread-only pricing with no commission, and EUR/USD typically ranges from 1.0 to 1.4 pips.

Other fees AU traders should check

• Overnight swap rates apply on positions held past 5 PM New York and vary with trade direction.
• There is no inactivity fee, which counts for something if you only trade now and then.
• Withdrawal fees are $0 on bank transfers.
• Currency conversion applies if you trade an instrument in a currency other than your account base.

Trading platforms

Blueberry’s platforms are MetaTrader 4 and MetaTrader 5, plus native TradingView trading and the proprietary Blueberry X app. cTrader is not offered.

MetaTrader 4

MT4 is still the default for retail forex EAs and has the broadest library of third-party tools. Blueberry’s MT4 build is connected to the same Direct pricing engine and supports hedging, partial closes, and the standard trailing stop logic.

MetaTrader 5

MT5 supports the broader asset class set (indices, stocks, futures natively) and a more modern strategy tester.

Blueberry Pulse

Blueberry Pulse is a market-context add-on for MT4 and MT5. It adds sentiment, news, economic events and trade ideas onto the platform.

Copy and social trading

Copy and social trading (Blueberry Social, DupliTrade, Myfxbook AutoTrade) run through Blueberry’s offshore entity, not the ASIC entity, so they are not available to AU clients.

Mobile apps

MT4 and MT5 apps for iOS and Android, plus Blueberry’s own Blueberry X app.

Trust and safety

Trust score: 4/10.

ASIC regulation and global licences

Blueberry Australia Pty Ltd (ABN 67 646 513 797) holds AFSL 535887 and is the ASIC-regulated entity for retail Australian clients. Blueberry also runs an offshore entity, which is where the copy and social trading products sit. Australian retail clients trade with the ASIC entity, so those products are out of reach here.

Client money and negative balance protection

Blueberry Markets holds retail client money in segregated accounts at an Approved Australian Bank, separate from the company’s own funds. ASIC requires negative balance protection on retail CFD accounts, so a retail account cannot lose more than the money in it. If a dispute with the broker goes wrong, AFCA can hear claims up to $1,263,000 and award compensation up to $631,500. The Compensation Scheme of Last Resort sits behind that with a $150,000 cap, but it excludes CFD trading losses, so it protects you against unpaid awards for misconduct, not against losing trades.

One carve-out is worth knowing before you chase leverage. Negative balance protection is a retail protection, and clients who take the Wholesale/Professional classification give it up. For how Blueberry sits against the field on protection, see our list of the safest brokers under ASIC regulation and our explainer on retail negative balance protection.

History and ownership

Founded in Sydney in 2015. Privately held. It has positioned itself as a boutique alternative to the larger ASIC brokers, with Asia-Pacific clients and personalised account management as the focus.

Public reviews

Blueberry has a Trustpilot score of 4.6/5 from a smaller review base than the major brokers. Common positives in the reviews: support speed, account manager helpfulness, deposit and withdrawal turnaround.

Account types and minimum deposit

Account options for AU clients

Blueberry runs Direct and Standard retail accounts on an AUD 100 minimum. Direct carries raw spreads plus commission; Standard rolls costs into the spread.

Wholesale/Professional clients (those who meet ASIC’s Sophisticated Investor test) can access up to 500:1 leverage on forex, but lose retail protections including negative balance protection.

Minimum deposit

Blueberry’s minimum deposit is AUD 100, on both the Standard and the Direct account. That is a low bar for a raw account, though Fusion Markets opens one on $0.

Funding and withdrawals

Deposit methods (AU clients)

Withdrawals

$0 fee on bank transfers and most e-wallets. Withdrawals must use the same source as deposits where possible.

Account opening

Fully online and AUSTRAC-compliant. One ID document, one proof of address. Most AU applications are reviewed within a business day. Onboarding test score: 11/15.

Product range

Blueberry’s range is forex-led with a sensible spread of CFDs across the major asset classes. Forex is the deep end and everything else is workable rather than best in class. For how the classes compare across the AU field, start at the CFD markets hub.

There’s no direct ASX share investing here. If you want to hold actual shares, look at CMC Markets or Interactive Brokers.

Commodities run to gold, silver, oil in WTI and Brent, natural gas and agricultural softs. Crypto is CFD only, with crypto CFDs on BTC, ETH and XRP among the majors at ASIC’s 2:1 retail cap, so you never own the coin and cannot move it to a wallet.

Share CFDs and indices

Shares and indices are the range’s narrow end, and the cons pair them for that reason. The share CFD list covers a selection of US and ASX names as CFDs only, and the index set spans the ASX 200 plus the global majors. Traders who need depth in either class get more at the multi-asset specialists. For how the two classes work and who leads them here, see our guides to share CFD coverage in Australia and index CFD trading.

Leverage for AU traders

Blueberry holds both retail accounts to the ASIC caps; the Direct and Standard split changes pricing only.

ASIC caps retail CFD leverage at 30:1 on major forex pairs, 20:1 on minor pairs, gold and major indices, 10:1 on commodities other than gold, 5:1 on share CFDs and 2:1 on crypto assets. The caps come from a product intervention order that ASIC has extended to 23 May 2027, so they apply at every ASIC broker, not just Blueberry Markets. Blueberry Markets offers higher leverage to wholesale clients who pass the eligibility tests: up to 500:1 on forex for clients who meet ASIC’s Sophisticated Investor test, and those clients give up retail protections including negative balance protection.

ASIC requires every CFD issuer to close out a retail client’s positions once account equity falls below 50 percent of the total initial margin on all open positions. The rule is set by the product intervention order and applies to Blueberry Markets the same way it applies to every ASIC-licensed CFD issuer. Positions cannot be netted off against each other to reduce that figure, and a gapping market can close a position below the 50 percent level.

If you are weighing that trade-off, start with forex leverage fundamentals, then read high-leverage brokers compared.

Customer service

This is Blueberry’s strongest suit. Our test cycle measured an average live chat response under 60 seconds during AU business hours, and an account manager phone call within four hours of opening the account.

Live chat runs 24/7 and is multilingual. Phone support is available Monday to Friday, 8am to 5pm.

Support languages: English, Mandarin, Arabic, plus other regional languages on request.

Research and education

Blueberry’s research and education stack is lighter than at the larger brokers. You get:

• A daily market commentary blog
• Standard MT4/MT5 charting and indicator tools
• Economic calendar
• Trading guides for beginners
• Selected webinars (frequency varies)

How Blueberry Markets compares to alternatives

No single broker wins on every axis. The table below points to the brokers we would pick for specific priorities; for the full field, see our best forex brokers in Australia guide.

Should you open an account with Blueberry Markets?

Open a Blueberry account if you want a smaller AU broker with responsive service and Direct account pricing that sits close to the raw cohort leaders. Skip it if platform breadth decides it, because there is no cTrader here, or if you want the absolute lowest tested spread, where Fusion Markets and IC Markets sit tighter. The demo runs Direct pricing on MT4 or MT5. You can check the licence (AFSL 535887) on ASIC Connect before you fund anything.

Open a Blueberry Markets demo → (affiliate link, see our advertiser disclosure)