Blueberry Markets Review Australia 2026

Is Blueberry Markets safe? ASIC AFSL 535887

Yes, 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.

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

Is Blueberry Markets legal in Australia?

Yes, Blueberry Markets is legal in Australia, taking local clients through Blueberry Australia Pty Ltd, licensed by ASIC under AFSL 535887.

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.

Blueberry Markets keeps client money in accounts 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.

Blueberry Markets’ AFCA member is Blueberry Australia Pty Ltd, and AFCA’s Datacube, read by our team on 27 September 2026, records 12 complaints received in 2025-26, with the member not listed in 2024-25, under AFCA’s threshold of four or more complaints in the period.

• AFCA business size: Unknown
• Not adjusted for client numbers
• AFCA listing threshold: Financial firms that received four or more complaints during the selected period appear in the AFCA Datacube. "Not listed" means the firm is below it.
• Middle of the field: 23 AFCA firms listed for 01/07/2025 - 30/06/2026 among the brokers this site covers, each firm counted once
• Source: AFCA Datacube, complaints by firm, read 27 September 2026

Blueberry Markets Trustpilot rating

Blueberry Markets holds a Trustpilot rating of 4.5 out of 5 from 3,289 reviews, which Trustpilot labels excellent, captured November 2026. The profile has been claimed by the broker since April 2018.

How popular is Blueberry Markets in Australia?

Blueberry Markets is searched too rarely in Australia for month-on-month change to be meaningful: 680 branded searches in September 2026, 23rd of 33. Search interest measures attention, not quality; the score above is the review verdict.

23of 33Search interest rank

680

Brand searches, September 2026

n/a below 1,000

vs August 2026

70

Login searches

0.5%

Share of all broker searches

Source: Google search volume, Australia, September 2026. How this is measured

What other review sites say about Blueberry Markets

TradingView users rate Blueberry Markets 4.2 out of 5 from 484 ratings (November 2026). 7.7K TradingView users have connected a Blueberry Markets account.

TradingView

4.2

484 ratings7.7K Traders via TradingViewNovember 2026View on TradingView

What traders say about Blueberry Markets

Public ratings of Blueberry Markets from the rating sites that list it, showing the number of reviews or ratings behind each score and the month it was captured.

Rating site	Rating	Based on	Who rated	Captured
Trustpilot	4.5 out of 5	3,289 reviews	Worldwide	November 2026
TradingView	4.2 out of 5	484 ratings	Worldwide	November 2026

Each row above is a public rating of Blueberry Markets taken from a rating site, dated to the month its figure was captured. A Trustpilot figure counts reviews and a TradingView figure counts ratings from anywhere in the world. The app store ratings for Blueberry Markets sit in the apps section of this review, with the store screenshots. A site with no row has no rating for Blueberry Markets, withholds it, cannot be matched to Blueberry Markets with confidence, or we have not captured it yet.

Blueberry Markets at a glance

Blueberry Markets operates in Australia under ASIC AFSL 535887, held by Blueberry Australia Pty Ltd, licence effective 27 May 2024, and the table below sets out the licence, the Standard and Direct accounts with their costs, and the funding methods you can use.

Blueberry Markets Direct account pricing, measured

Blueberry Markets Direct account pricing measured 0.37 pips across the eight-pair basket in our October 2026 capture, sixth of the 12 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 of the 12 raw accounts in our October 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 and FP Markets charge the same A$3.50 per side.

Averaging 0.13 pips on EUR/USD for the whole month in our October 2026 capture, Blueberry Markets’ Direct account also saw its hourly average fall to 0.08 pips in 5 of the 22 hours outside the rollover hour and the hour after it. The rollover hour, 8am to 9am Sydney time, which follows the New York 5pm close, averaged 3.70 pips. You can compare Blueberry Markets’ spreads by hour against other published accounts.

Blueberry Markets Standard account

Blueberry Markets’ Standard account is spread-only, with no commission, and our May to June 2026 capture measured it at 1.2 pips on EUR/USD and 1.53 pips across an eight-pair basket. Those figures come from an earlier capture window than the Direct account’s October 2026 numbers, so you should not read them as a direct cost comparison between the two accounts. In my view the Standard account suits a casual trader who prefers one bundled price over a commission line.

What Blueberry Markets costs per trade

MEASURED

Standard lots per month

15102550

Monthly spread cost converts pips to dollars using the EUR/USD pip value as the proxy for the 8-pair average, footnoted on-page. AUD pip value A$14.57 per standard lot at AUD/USD 0.6865 (11 Nov 2026).

Rawraw + commission · 8-pair average · October 2026

A$123.91

Standardspread only · 8-pair average · May to June 2026

A$222.92

Raw saves A$99.01 a month at this volume, comparing Raw prices from October 2026 with Standard prices from May to June 2026 (the October 2026 capture holds no Blueberry Markets Standard account)

At 10 standard lots per month on Raw accounts, Blueberry Markets costs approximately A$123.91 in spread and commission costs. Rates as of Wed 11 Nov 2026, 5pm New York close.

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 our October 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.

Blueberry Markets non-trading fees

• Overnight swap rates apply on positions held past 5 PM New York time and vary with trade direction.
• Currency conversion applies to any instrument traded outside the account base currency.

How Blueberry Markets compares to Eightcap and Fusion Markets

Blueberry Markets compares to Eightcap and Fusion Markets, measuring 0.37 pips across the eight-pair basket in our October 2026 capture against 0.10 at Fusion Markets in the same capture.

Eightcap sat at 0.51 pips in our October 2026 capture, its Raw account now measured on our own logger. Commissions run at A$7.00 round turn against A$7.00 and A$4.50.

The licence records differ in age: Eightcap’s ASIC licence AFSL 391441 took effect on 29 April 2011 and Fusion Markets’ AFSL 385620 on 5 January 2011, against 27 May 2024 for Blueberry, all three read on the ASIC register on 16 July 2026. Entry cost also differs: Fusion Markets charges A$4.50 round turn against A$7.00 here, and opens at A$0 against Blueberry’s A$100 minimum deposit on both accounts. In my view that makes Fusion Markets the cheaper door for a raw account, while Blueberry’s younger licence is a trade-off you weigh against its platform line-up.

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.

Blueberry Markets minimum deposit

Blueberry Markets asks a minimum deposit of A$100 on both the Standard and Direct accounts, per our official-source pass over its Australian site compiled May 2026. The 50 you will see on Blueberry’s deposit screen is a per-transaction limit that sits under the account minimum, and it is stated in the currency you fund in. We funded A$200 by card and did not try a deposit under A$100. For comparison, Fusion Markets opens a raw account at A$0, while IC Markets asks US$200. In my view A$100 is a modest hurdle for either account, and I like that Blueberry does not gate the Direct account behind a higher entry than the Standard, so you can choose on spreads and commission rather than on how much you can deposit.

Blueberry Markets funding methods and withdrawal times

Blueberry Markets showed Noam five deposit methods on its Australian deposit screen, card, PayID, Apple Pay, Google Pay and bank transfer, each at a 0% fee and each labelled as processing within 24 hours. Our own A$200 card deposit showed in the live account immediately on 2 September 2026.

Blueberry Markets deposit methods

The card row reads differently because we timed only that deposit ourselves, and the other four rows carry the within 24 hours window Blueberry shows on its own screen, since we did not send money through them. Card, Apple Pay and Google Pay each carry a per-transaction limit of 50 to 18,000, and every limit on that screen applies in the currency you fund in. I would use the card route if you want a deposit you can see in your account straight away, and my suggestion is to check the per-transaction cap against the amount you plan to fund before you choose a method.

Blueberry Markets withdrawal times and fees

Our A$100 card refund from Blueberry Markets took 15 hours 3 minutes to arrive. Noam Korbl requested the refund from our live MT5 account in AUD (****6183) at 10:16 am on 27 October 2026, and the full A$100 reached our receiving account at 1:19 am on 28 October 2026. The card refund option showed a 0% fee.

Blueberry Markets’ own on-screen note during our funding, August to September 2026, says card deposits are withdrawn as refunds, typically to the same card used for the deposit; if that card has expired, the issuer should generally allocate the refund to the replacement card, and if it has been lost or stolen, Blueberry may require evidence before using an alternative method. I would fund with a card you expect to keep active, because my reading of that note is that refunds follow the deposit route by default.

Noam opened Withdrawal under Transactions in the client portal, and the form drew straight from our MT5 account, showing the amount available to withdraw, a method selector and an AUD amount field. The selector offered Bank Transfer, badged “Recommended”, and “Credit or debit card refund”, each printed as processing “Within 24-48 hours” at a 0% fee. He selected the card refund, entered 100 AUD and pressed Withdraw. A “One-time verification” dialog asked him to choose SMS or Email, and no question asked the purpose of the withdrawal. His notes say “The process was easy and straightforward”, and the “Withdrawal submitted” screen confirmed “Withdrawal amount: 100.00 AUD”.

Blueberry’s method list and confirmation both say “Within 24-48 hours”, while the portal’s Important notes say “Withdrawals are typically processed within 24-48 business hours. Select methods are processed instantly.” Our 15 hours 3 minutes sits inside the printed window. The notes also warn that for withdrawals requiring manual processing, funds stay in your trading account until the payment processor releases the amount. I rate the card refund’s speed and its 0% fee as a plus, and since the notes count business hours, I’d budget for the slower end of the window.

Blueberry Markets account opening time and checks

Blueberry Markets runs account opening online, with your identity checked electronically against the issuer’s record, and our tester’s notes record the account as fully approved within 24 hours. The licence details you enter are verified with the issuing authority rather than uploaded as documents.

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

I put more weight on a review where we opened and funded an account ourselves, because it takes you through the same sign-up, deposit and verification steps you would face, and that tells you more than reading the broker’s documents ever can. Noam Korbl sent the A$200 card deposit straight to the live MT5 account rather than a currency wallet, and the funds credited immediately once the card and Visa Secure steps cleared, inside Blueberry’s published within 24 hours window, on 2 September 2026.

The client portal’s own portfolio panel is set to USD and shows a converted US$144.44, which reads oddly next to an 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 trading platforms

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

Our tester Noam Korbl saw all five on the live-account setup screen inside Blueberry’s Australian client portal in August to September 2026: MetaTrader 4, MetaTrader 5, Blueberry X, TradingView and cTrader, the last badged NEW. Blueberry’s Australian cTrader page, read 9 September 2026, names Blueberry Australia Pty Ltd, AFSL 535887, as the issuer of the products, which is the same licensee that holds our live account. That matters to you, because cTrader sits on the ASIC entity rather than an offshore one, so the same regulatory protections apply whichever platform you pick. In my view you should weigh the platforms on their merits, and I would compare MT5 and cTrader on the account type you plan to use before you commit.

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 listed in Blueberry’s Australian Platforms menu as an add-on for MetaTrader 4 and MetaTrader 5 rather than a standalone platform, which is why it is not counted among the five. One of the five choices on our live-account setup screen was Blueberry X, Blueberry’s own platform. We have not recorded what either product does beyond that.

Blueberry Markets app

Blueberry Markets publishes its own app. Australian clients can trade all five platforms from a phone: Blueberry X, MetaTrader 4, MetaTrader 5, TradingView and cTrader.

Only Blueberry X runs through the broker’s own app. MetaTrader 4, MetaTrader 5, cTrader and TradingView each run on a phone through that platform’s own app, published by its developer rather than by the broker, and clients sign in with their Blueberry Markets account details. Before downloading, check the best trading apps in Australia comparison, which covers every broker app on this site.

• App Store: Australian storefront, exact figures from Apple's iTunes Search API
• Third-party MetaTrader, TradingView and cTrader Ltd apps not listed

Blueberry Markets 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 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.

• Given up with professional status: negative balance protection, the retail leverage limits, the 50% margin close-out
• Source: ASIC product intervention order (retail); Blueberry Markets and its Australian support, read 30 September 2026 (professional)

At Blueberry Markets the ASIC limits on retail CFD leverage are 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 they come from a product intervention order extended to 23 May 2027 and apply at every ASIC broker rather than at Blueberry Markets alone.

Those caps carry unchanged on both retail accounts, so the Direct and Standard split changes pricing only, and the wholesale tier reaches 500:1 on forex for Sophisticated Investor test clients who surrender the retail protections.

For Blueberry Markets retail accounts, the margin close-out level 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 markets and instrument counts

Blueberry Markets offers five asset classes: forex, indices, commodities, cryptocurrencies, and share CFDs, all traded as CFDs with no direct share ownership. No count per asset class is published, and Blueberry’s own copy gives two different instrument totals, 2000+ instruments and 300+ tradable instruments, so this review states no instrument count. I suggest you ask support about those two totals before you sign up, and my advice is to judge the range by the pairs and indices you actually trade rather than by a headline total.

Share CFDs and indices

Blueberry Markets gives you share and index exposure as CFDs only, so you trade price movements without owning the underlying shares and without direct ASX share investing. In my view that is fine for short-term traders, but if you want to own shares outright you will need a separate share investing service. Equity CFD coverage is compared in the guide to share CFD coverage in Australia.

Blueberry Markets customer support

Blueberry Markets states it offers 24/7 live chat and a phone line Monday to Friday, 8am to 5pm, as of May 2026. We have not yet timed a support reply, so this review makes no claim about speed or quality. Plan any phone call inside the weekday hours. In my view, those stated hours suit traders who can raise an issue during the working week, and I would check my own habits before I funded an account, since a weekend question means waiting for chat alone on the stated channels.

Blueberry Markets research, tools and education

Blueberry Markets publishes Blueberry Pulse. We have not assessed the research or education live, so this section states only what the broker publishes.

Should you open a Blueberry Markets account?

Blueberry Markets suits you if you want a tight raw spread with five platforms on an ASIC-licensed account: the Direct account measured 0.37 pips across an eight-pair basket in our October 2026 capture, cTrader sits on the ASIC entity, and both accounts start at A$100. I recommend it for MT4, MT5, TradingView or cTrader traders who value that choice. A reader chasing the lowest measured raw cost is better served by Fusion Markets at 0.10 pips in the same capture.

Two groups of trader gain clear value from a Blueberry Markets account. You gain that value if you want cTrader or TradingView on an ASIC-licensed account, with both sitting alongside MetaTrader 4 and MetaTrader 5 in Blueberry’s Australian client portal. A quick start is the other case for you: Noam Korbl’s electronic identity check cleared within minutes during our August to September 2026 account opening, and his A$200 card deposit showed in the MT5 account immediately, credited on 2 September 2026.

Two groups are better off looking 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 twenty-fourth among the leading Australian forex brokers on the 2026 scoring with 58 out of 100, held there by the young licence (Trust 4 out of 10, AFSL dated 27 May 2024) rather than by service or platforms, which score 7 out of 10 each. AFSL 535887 is checkable on ASIC’s Professional Registers Search before funding anything.