Blueberry Markets Review Australia 2026

Is Blueberry Markets safe? ASIC AFSL 535887

Blueberry Australia Pty Ltd holds ASIC AFSL 535887, current since 27 May 2024, and that date deserves weight when weighing trust.

ASIC regulation and the licence date

Blueberry Australia Pty Ltd, ABN 67 646 513 797, holds AFSL 535887 and is the ASIC-regulated entity for retail Australian clients, a licence verifiable on the ASIC register so it can be confirmed directly before opening an account.

That licence date is the single largest reason the trust rating sits lowest of the six categories on this page, and it means the broker’s full regulatory accountability dates only from May 2024. Australian operations date from 2015 under an authorised representative arrangement, which is a real regulatory relationship and a weaker one than holding the licence directly, because the responsible licensee rather than the broker carried the obligations.

The parent group also runs an offshore entity, which is where the copy and social trading products sit. You trade with the ASIC entity, so those products are out of reach, and the protections below apply in full. No safety is missing, just the product.

History and ownership

Blueberry Markets was founded in Sydney in 2015 and remains privately held, positioned as a boutique alternative to the larger ASIC brokers. The focus is Asia-Pacific clients and personalised account management, so the relationship with the account manager is more personal. I prefer that personal touch over the generic service of larger brokers.

Before depositing, confirm Blueberry Markets holds AFSL 535887 using the site's guide to checking a broker on ASIC's register.

Blueberry Markets client money protection and AFCA membership

Blueberry Markets client money protection runs through segregated accounts at an Approved Australian Bank, with mandatory negative balance protection and AFCA membership. Disputes are heard at no cost.

Client money accounts sit separate from company funds. AFCA hears claims up to A$1,263,000 and awards compensation up to A$631,500. Cover under the Compensation Scheme of Last Resort stops at A$150,000 and at personal advice, securities dealing and credit, so a CFD or forex trading complaint never reaches it. So client money is segregated and the AFCA safety net remains. The retail standard is laid out in the guide to retail negative balance protection.

One account carve-out matters before chasing leverage. The Wholesale and Professional account classification surrenders negative balance protection along with the ASIC leverage caps. That trade-off deserves clear understanding.

The retail protections are identical to those at every other licence holder in this coverage, because the regime sets them rather than the broker. A newer licence does not weaken them, so no safety hit comes with Blueberry.

Public reviews

Blueberry Markets holds a Trustpilot rating of 4.5 out of 5 from 3,267 reviews, which Trustpilot labels excellent, captured September 2026. The profile has been claimed by the broker since April 2018.

The public rating panels carry the third-party scores for this broker, on a smaller review base than the major brokers attract. The recurring praise covers reply speed, account manager helpfulness and deposit and withdrawal turnaround, so you can expect a responsive service.

What other review sites say

Blueberry Markets' iOS app rates 5.00 out of 5 from 2 ratings on the Australian App Store (September 2026).

TradingView users rate Blueberry Markets 4.3 out of 5 from 462 ratings (September 2026). 6.8K TradingView users have connected a Blueberry Markets account.

App Store AU

5.00

2 ratingsSeptember 2026

TradingView

4.3

462 ratings6.8K Traders via TradingViewSeptember 2026View on TradingView

Blueberry Markets at a glance: 17 key facts

Blueberry Markets operates under ASIC AFSL 535887, held by Blueberry Australia Pty Ltd, and its 17 key facts include a A$100 minimum deposit on both retail accounts.

Either account can be opened with only A$100, and the key facts from the table below cover the entity, the licence date and the fee schedule.

Two dates in that table mean different things, and unpacking them matters. Australian operations date from 2015 under an authorised representative arrangement, while the broker’s own licence is from 27 May 2024. The earlier date shows the business has been around, the later one shows when it took full regulatory responsibility. In my view, that distinction is the biggest trust question on this page.

Blueberry Markets Direct account pricing, measured

Blueberry Markets Direct account pricing measured 0.36 pips across the eight-pair basket in the September 2026 capture, sixth tightest of the 11 raw accounts tested.

The commission is A$3.50 per side and A$7.00 round turn per standard lot, so the round-turn cost on a standard lot sits at A$7.00 before spreads.

That commission is charged in Australian dollars on an AUD account, and the Australian PDS states A$7.00 round turn per standard lot. A live 0.01-lot trade on 21 September 2026 was charged A$0.07, and that charge matches the rate.

The measured basket result ranked sixth tightest of the 11 raw accounts in our September 2026 capture, per the lowest spread brokers in Australia rankings. The A$7.00 round turn also appears in the lowest commission forex brokers table. Pepperstone, Eightcap, ThinkMarkets, Global Prime, FP Markets and OANDA charge the same A$3.50 per side.

Standard account for casual traders

The Standard account prices spread-only with no commission, and EUR/USD typically ranges from 1.0 to 1.4 pips, a spread materially wider than Direct on the headline pair, so the commission-free framing costs more than it saves for anyone trading majors with frequency and makes Direct the only account worth considering for an active forex trader.

What it costs to trade with Blueberry Markets

Blueberry Markets costs 0.94 pips all-in to trade with on the Direct account, measured across the eight-pair basket in the September 2026 capture.

Trading one standard lot on the Direct account costs A$7.00 in round-turn commission plus the measured spread, and that all-in figure is the one to compare against other brokers.

Because the commission is billed in Australian dollars, the same basis as Pepperstone and Fusion Markets, you carry no exchange-rate exposure on the cost line and the commission comparison in the next paragraph is like for like.

The raw account pricing otherwise works the same way as the rest of the field. At A$7.00 round turn, the commission sits above Fusion Markets at A$4.50 and level with Pepperstone at A$7.00, so the premium over Fusion Markets buys the support. In my view, that trade-off is well worth it.

Other fees AU traders should check

• Overnight swap rates apply on positions held past 5 PM New York time and vary with trade direction.
• No inactivity fee applies at any balance or duration, which counts for an occasional trader.
• Withdrawals cost A$0 on bank transfers and most e-wallets.
• Currency conversion applies to any instrument traded outside the account base currency.

Blueberry Markets funding methods and withdrawal times

Blueberry Markets funding methods number nine, all at A$0, covering instant card and wallet payments as well as bank transfer in one to two business days. No deposit fee applies, so you can move money in for free.

Deposit methods (AU clients)

Apple Pay and Google Pay are two methods Noam found sitting on the deposit screen during our own live account setup, and this table had not carried either before. Both show a 0% fee and the same 50 to 18,000 deposit range as card, in the currency you fund in, which for an Australian client is Australian dollars. I’ve worded those two rows differently from the card row on purpose: we timed the card deposit ourselves, so its row reads the speed we actually saw, while Apple Pay and Google Pay carry the processing window Blueberry publishes on that same screen, because we did not send money through either one to time it independently.

Four of the nine funding methods credit instantly, and FasaPay is the unusual entry, a South East Asian wallet rare on Australian broker menus that reflects the Asia-Pacific client base this broker targets and gives traders in the region an instant, familiar funding option.

Withdrawals

Withdrawals cost A$0 on bank transfers and most e-wallets, and must use the same source as deposits wherever available, following standard anti-money-laundering practice, so funds can be withdrawn without fees provided they go back to the same source.

Account opening

Account opening runs fully online and AUSTRAC-compliant. Most Australian applications are reviewed within a business day, so you can be verified and trading the next business day.

Noam ran a full application for this coverage round to see what that looks like in practice, and it’s one of the more efficient onboarding flows we’ve tested in this coverage. The single identity document turned out to be the whole of it: no separate proof-of-address upload appeared anywhere in the flow Noam went through. Registration itself just needs an email and password, or a Google, Facebook or Apple login, before Blueberry asks for country of residence, nationality and an Australian phone number. From there the application splits retail investors from wholesale and sophisticated ones, and for most Australian clients retail is the road you’ll take.

The retail eligibility check covers the usual suitability ground, employment status, annual income, savings and investments, source of trading funds and any bankruptcy or hardship history, and it sits alongside a 10-question CFD knowledge quiz on points such as how leverage changes trading risk. None of it took long to work through, and you shouldn’t hit a question you can’t answer honestly off the top of your head.

Identity verification is the part I’d flag to you directly, because it’s quicker than most ASIC brokers we’ve tested. Noam entered an Australian driver’s licence and consented to Blueberry checking it against the issuer’s own record, without uploading a document photo or going through a selfie or facial-recognition step, and the system returned a verified result within minutes.

Once the quiz and identity check clear, the live-account setup screen opens straight away, and it puts the platform, the pricing tier, the leverage and the account base currency on one screen rather than spreading them across three. The base-currency list ran to SGD, EUR, CHF, USD, AUD and NZD in Noam’s test. Login and server details arrived by email almost immediately, with a direct link to the MT5 desktop download, so you won’t be left hunting for the right installer once your account exists.

Funded, on our own account

We’d previously reviewed Blueberry Markets from its PDS and pricing schedule rather than a live account, and I think that gap mattered: an account we opened and funded ourselves, under the same process you’d go through, tells you more than a document review ever can. Noam sent the test deposit straight to the live MT5 account rather than a currency wallet first, paying A$200 by card, and the funds credited immediately once the card and Visa Secure steps cleared, well inside Blueberry’s own published 24-hour window.

The client portal’s own portfolio panel is set to USD and shows a converted US$144.44, which reads oddly next to a A$200.00 balance until you notice it’s a currency-display choice rather than a second, smaller account, and the MT5 terminal underneath carries the full A$200.00 the deposit actually sent. If your own dashboard ever shows a number that doesn’t match your trading account, check the currency toggle before you assume something’s wrong with your funds.

Blueberry Markets account types and minimum deposit

Blueberry Markets offers two account types and the minimum deposit is A$100 on both.

That’s a low bar for a raw account, though Fusion Markets opens at A$0, so a zero start is possible there.

Direct carries the raw spreads plus commission and Standard rolls the cost into the spread. The account range carries no third tier for retail clients, so your choice is simply between those two. One naming quirk will save you a moment’s confusion: Blueberry calls this account Direct in its long-form copy and Raw in the client portal and its own comparison table, and they are the same account.

Wholesale classification

If you meet the ASIC Sophisticated Investor test, you reach 500:1 leverage on forex, but you surrender the retail protections including negative balance protection. That trade-off deserves clear understanding before committing.

Minimum deposit

The A$100 minimum deposit applies on both accounts alike. Fusion Markets opens a raw account at A$0 and IC Markets asks US$200, so this sits between them. The free demo account runs Direct pricing on either MetaTrader build and is the sensible first step.

Blueberry Markets trading platforms

Blueberry Markets offers five trading platforms: MetaTrader 4, MetaTrader 5, native TradingView trading, the proprietary Blueberry X app and cTrader.

The cTrader entry is a correction to what this page told you until now, and it deserves explaining rather than quietly fixing.

This review said for months that Blueberry ran no cTrader. When Noam opened our live account, the portal’s own setup screen offered cTrader alongside the MetaTraders, Blueberry X and TradingView, badged NEW, and Blueberry’s Australian site carries it in the Platforms menu and on its own cTrader page. That page names Blueberry Australia Pty Ltd, AFSL 535887, as the issuer of the products, which is the same ASIC licensee that holds the account we opened, so this is a platform on the Australian entity rather than an offshore one. If you want cTrader’s depth-of-market ladder and cBots, they are available here.

MetaTrader 4 and MetaTrader 5

The MT4 build connects to the same Direct pricing engine and supports hedging, partial closes and standard trailing stop logic, with the broadest third-party tool library in retail forex, while the MT5 build covers the broader asset-class set natively across indices, stocks and futures, with a more modern strategy tester, and both connect to the same pricing so the underlying cost stays consistent whichever platform is used.

Blueberry Pulse and Blueberry X

Blueberry Pulse is a market-context add-on for both MetaTrader builds, layering sentiment, news, economic events and trade ideas onto the platform, so sentiment and news appear directly inside the terminal. Blueberry X is the proprietary mobile app, sitting alongside the MetaTrader mobile builds on iOS and Android. For trading on the go, the choice is Blueberry X or the MT4 mobile.

Copy trading

Copy and social trading run through the offshore entity rather than the ASIC entity, so Blueberry Social, DupliTrade and Myfxbook AutoTrade are all unavailable to Australian clients. That copy trading gap is a genuine limitation rather than a technicality, and it belongs in the cons, because a trader wanting copy trading on an ASIC-regulated account needs a different broker entirely. I see that as a significant gap.

Blueberry Markets markets and instrument counts

Blueberry Markets covers five asset classes led by 50 plus forex shares, and its instrument counts for share CFDs and indices sit at the narrow end.

The limit bites for anyone trading beyond forex. I find the limited share CFD range a significant shortfall.

Forex is the deep end and everything else is workable rather than best in class. Five asset classes is the narrowest range in this batch, with no direct ASX share investing at all. A multi-asset specialist is the better fit for a share-focused trader, and I would look elsewhere for a share portfolio.

Share CFDs and indices

Shares and indices are the range’s narrow end, paired in the cons 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. The range depth in either class is beaten by the multi-asset specialists, so you will find a limited share CFD selection. I would want a deeper share list. Equity CFD coverage is compared in the guide to share CFD coverage in Australia.

Blueberry Markets leverage and margin under ASIC rules

Blueberry Markets leverage and margin operate under a maximum retail leverage of 30:1 on major forex pairs, identical across the Direct and Standard accounts because that is the ASIC cap, not a broker choice.

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, and the same limits appear everywhere because the caps come from a product intervention order extended to 23 May 2027 and apply at every ASIC broker rather than at Blueberry Markets alone.

Both retail accounts carry those caps without variation, so the Direct and Standard split changes pricing only, while the wholesale tier reaches 500:1 on forex for clients meeting the Sophisticated Investor test and surrenders the retail protections, a route that only makes sense with a full understanding of what is being given up.

Retail margin close-out sits at 50%. ASIC requires every CFD issuer to close a retail client’s positions once account equity falls below half the total initial margin on all open positions, positions cannot be netted against each other to reduce that figure, and a gapping market can close a position below the 50% level. The leverage mechanics are covered in forex leverage fundamentals.

Blueberry Markets customer support

Blueberry Markets customer support replied on live chat in under 60 seconds during Australian business hours in testing, the fastest measured in this coverage.

An account manager call also arrives within four hours of opening the account, which is rare, so you can expect a fast chat response and a quick account manager call.

That support speed is the strongest suit on this page and, in my view, the clearest argument for choosing a boutique broker over a larger one. A 60-second chat reply and a proactive account manager call are the two things scale usually costs a client.

The live chat desk runs 24 hours a day, seven days a week, and is multilingual, while the phone desk runs Monday to Friday, 8am to 5pm, which is narrower than the chat window and the one gap in the service offer, so anyone relying on phone support should plan to call during business hours.

The language range covers English, Mandarin and Arabic, with other regional languages on request, reflecting the Asia-Pacific client base rather than the Australian one alone.

Blueberry Markets research, tools and education

Blueberry Markets research, tools and education run to five components covering a daily commentary blog, MetaTrader charting tools, an economic calendar, beginner guides and selected webinars.

The set is lighter than the larger brokers carry, and it delivers the essentials but lacks advanced analyst research.

• Daily market commentary blog
• Standard MetaTrader charting and indicator tools
• Economic calendar
• Trading guides pitched at beginners
• Selected webinars, with frequency varying

Five research components is lighter than the larger brokers carry, and one of the five varies in frequency rather than running to a schedule. There is no in-house analyst desk or third-party research integration such as Trading Central or Autochartist here, so you won’t find those research tools. I would want at least one of those integrations.

The Blueberry Pulse add-on covered in the platform section does more of the analytical work than this list suggests, layering sentiment and trade ideas directly into the terminal rather than into a separate library, which is the smarter approach for this audience because the insight reaches the trader inside the trading screen.

That placement suits the audience: a boutique broker’s client is more likely to want a view inside the order ticket than a morning note to read, so no research is missing, it simply arrives in a different form inside the platform, and the research rating reflects the library size rather than the in-platform tooling.

How Blueberry Markets compares to Eightcap and Fusion Markets

Blueberry Markets compares to Eightcap and Fusion Markets, measuring 0.36 pips across the eight-pair basket in the September 2026 capture against 0.09 at Fusion Markets in the same capture.

Eightcap sat at 0.15 in our May to June 2026 capture, a tick-median figure we do not rank against the September averages. Commissions run at A$7.00 round turn against A$7.00 and A$4.50. In my view, how Blueberry Markets compares to Eightcap and Fusion Markets is a service win against a cost and platform loss.

Eightcap carries 250 plus crypto markets and a longer licence record. Fusion Markets charges A$4.50 round turn against A$7.00 here and opens at A$0, so Fusion wins on cost. In my view, the licence record still makes Eightcap the stronger all-rounder, though the platform gap I used to cite here has closed.

The 60-second chat reply and the account manager call are what neither rival matches, and that is the whole boutique case, making Blueberry the choice if immediate personal support is the priority.

Should you open a Blueberry Markets account?

Blueberry Markets suits traders who want a smaller Australian broker with responsive service and Direct pricing measuring 0.36 pips across eight pairs in our September 2026 capture. I recommend this broker to readers who value personal support over platform breadth, because the service is the reason to choose it. Anyone needing platform breadth or the lowest tested cost is served better elsewhere than by a Blueberry Markets account, so if platform breadth or cost matters most to you, look elsewhere.

Two groups of trader gain clear value from a Blueberry Markets account. If you value fast support, the 60-second chat reply and account manager call give you personal attention unmatched at larger brokers. The funding menu carries a FasaPay rail and the desk covers multiple languages, both built for an Asia-Pacific client base, so if you are in the region, funding is straightforward.

Two groups should look past a Blueberry Markets account. Copy trading is absent on the Australian entity, and the commission runs at A$7.00 round turn against Fusion Markets’ A$4.50, on a higher entry deposit, so this broker is not the right fit for anyone wanting copy trading or a cheaper account than this one.

Blueberry Markets ranks thirteenth among the leading Australian forex brokers on the 2026 scoring, up four places once cTrader was confirmed on the Australian entity, and held where it is by the licence age rather than by service or platforms. The free demo runs Direct pricing and is the right place to start, so you can test the pricing risk-free before funding. AFSL 535887 is checkable on ASIC’s Professional Registers Search before funding anything. I would start with the demo to test the experience first.