Blueberry Markets Review

4.617 · 172 REVIEWS

Eightcap Pty Ltd

Updated: Aug 9, 2020 ·  · Is this your company?

BlueberryMarkets is a forex broker. Blueberry Markets offers the MT4 and MT5 forex trading top platform. offers over 40 forex currency pairs, indices, stocks, oil, commodities, cfds, gold and silver for your personal investment and trading options.

Blueberry Markets

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $100
Established: 2016
Address: 1/397 Pacific Highway, Crows Nest, Sydney, NSW, 2065, Australia
Contact:, +61 280397480
Regional offices:
Regulators: ASIC #391441
Prohibited countries:
Trading platforms: MT4, MT5
Web Trading: Yes
Mobile Trading: Yes
ECN: Yes
Currencies: (55+)
CFD: (220+) Gold, Silver, Stocks, Stock Indexes, Oil
EAs/Robots: Yes
News Spike Trading: Yes
Scalping: Yes
MAM: Yes
Deposit Methods: Bank Wire, VISA, MasterCard, FasaPay, Poli, Skrill
Withdrawal Methods: Bank Wire, VISA, MasterCard, FasaPay, Poli, Skrill

Live discussion

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4.617 · 172 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

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Traders Reviews

Port Macquarie, Australia,
Jan 1, 2020,
Registered user

They have exceeded my expectations.

Service use: Live

Length of use: over 1 Year

Well 2 years past in November, and my admiration hasn't faded. Nothing is a problem for them, usually something Im doing wrong !!! Thanks everyone associated with this Company. Howard.

Jun 3, 2018 - 5 Stars Have spent my whole working life in service industries, so I know what Good service looks like, This company exceeds my expectations! Thank You!
  1 trader has found this review helpful
Reply by Blueberry_Markets submitted Apr 23, 2020:
Thank you so much for this awesome review, Bluefin! Cheers to more trading years! ?

Hanna A. | CS Lead | Blueberry Markets
Seoul, Korea, Republic of,
Dec 18, 2019,
Registered user

Blueberry Markets is the only broker that gives me a perfect satisfaction!!

Service use: Live

Length of use: over 1 Year

I have been trading with Blueberry Markets for one year. Despite i am living in South Korea and not good at speaking English, they support me really well.
Connection with their customer service is the top level. very quick respond and so reliable.
I experienced couple of brokers before, but non of them are comparable to Blueberry Markets.
My trading skills and performance are much better with Blueberry Markets.
Me and my wife, both are happy.
Thank you, Blueberry Markets.
  1 trader has found this review helpful
Reply by Blueberry_Markets submitted Apr 23, 2020:
Annyeonghaseyo, Ktrader! This review made us super happy. Thank you so much!

Hanna A. | CS Lead | Blueberry Markets
Singapore, Singapore,
Dec 10, 2019,
Registered user

Reliable and Professional Broker

Service use: Live

Length of use: 0-3 Months

I have been using my local brokers due to hearing too many negative reviews about offshore brokers. Decided to try Blueberry after reading good reviews online and from friends. Good experience here:
1) Tried withdrawing funds back to my account, it was as fast as my local broker
2) Online Customer service personnel are friendly and helpful to answer requests
3) Account Manager has always been helpful to follow up for further assistance
Thumbs UP BB!
  1 trader has found this review helpful
Reply by Blueberry_Markets submitted Apr 23, 2020:
We will provide nothing but the best service to all clients, no matter where they are in the world – that's a BBM promise! Thank you for the review, Sheryl!

Hanna A. | CS Lead | Blueberry Markets
Lagos, Nigeria,
Nov 15, 2019,
Registered user

To be honest, is HORRIBLE BROKER

Service use: Live

Length of use: 3-6 Months

First off, I'm a client of blueberry market and I never heard of them before VP at NNFX made mention of them. I was chilling at my previous broker even though their spreads was a bit over the top. I decided to give them a try and I was quickly impressed with their execution and no slippage. I'm a retail trader with a few trading styles, which includes news spike trading and I have been quite profitable with other brokers safe for spread widening which can be excessive when you least expect it.

The first few weeks was good and profitable. I made profit and I was trading a mixture of technical and fundamentals. I experienced no slippage whatsoever even during high volatility economic data release and I thought everything was all great until I started spinning my initial $450 deposit to $1300 and I decided to withdraw my initial deposit. I think that was when they caught onto me. (I wasn't doing anything contrary to their terms and condition) But since the withdrawal process usually require human intervention blueberry market was bound to lookup your trading records. Again, that is to be expected since they are a market maker type of broker and they made it clear.

This is when their manipulation started. I ran into issues with my initial withdrawal and it was resolved the moment I came to FPA and posted my review. They quickly explained the problems they encountered and the mix up.

At this point, they introduced heavy slippage into all my trades. I started losing instead of making profit from news spikes that I often trade (Again, there was no slippage when I started trading with blueberry markets) The slippage can be as much as 80 pips. I thought it was an anomaly but they continued to inject heavy slippage into my trades. It is best to understand that the more you lose they gain! So, it is their prerogative that you lose since that is their profit. Don't believe anything else they try to make you believe about their 'liquidity provider jargon'. They only take price feeds, everything else is controlled internally and it is open to manipulation and manipulate they did. Again, let me explain that there is a plug-in available for MT4 Manager that can introduce slippage by way of delayed trade execution to a group of trading accounts. Do your research.

They are unethical and they are as bad as every other broker who has a reputation for order manipulation on FPA maybe even worse. It would have been a different case if they stated it clearly in their terms and conditions that they do not want you trading news spike, that would be perfectly understandable. I even went as far as chatting with one of their live chat and I was told that I could trade the economic news release and any other strategy but the truth is they don't t want you to make profit that way. Their course of action is to frustrate you by grouping you in with other accounts that trade news release and pump up the delay which means slippage. Again, they are not an ECN platform so, do not believe whatever they say on their homepage.

Well, they were quick to refund the first loss due to slippage and they made me believe that it was also an anomaly. Well, I continued trading as usual and this time, I was slipped terribly, I lost $184 for trade ID 26716509 and trade ID 26716505. I informed Tim Maunsell about the 88 pips slippage again and he quickly proposed that blueberry market would refund the $184 lost to slippage. I waited for a few days and the money wasn't returned to my trading account. I contacted Tim again a few days later and he told me that blueberry market will not refund my money and I have to bear the losses. They even threatened to close my account and refund whatever is left in my account. That moment I realised that blueberry market is a bucket shop and they are all out to make money even if it means doing it in an unethical manner. Tim Maunsell is quick to point out that Blueberry Market has a lot of customers and can't focus on small account such as mine yet he couldn't explain why I started witnessing slippage all of a sudden. He was quick to blame it on their liquidity provider and I'm sitting there wondering if he thinks I'm stupid. Their price feeds is coming from eightcap which is another terrible broker, yet they try to absolve themselves of any wrong going.

Their customer care representative have been trained to be smooth talkers. They are the best at that but that doesn't translate into FAIR and TRANSPARENT trading environment. They are by far the worst out there, let no one tell you otherwise. STEER CLEAR OF THIS BROKER, TRUST ME.

Aug 23, 2019 - 4 Stars Well, I had complained about two issues I had with this broker and those issues are vital to the success of any trader professional or starter and it is Good Trading Conditions and Easy Withdrawals. While I have seen the bad part of both with this broker and haven reported it to their customer service (Which is awesome by the way) and on FPA Reviews, they actually did everything humanly possible to fix those problems and also ensure that I am satisfied, trust me it is not easy to satisfy me.

Blueberry Markets actually wants you to succeed and so they try to provide a near perfect trading solution. Tim Maunsell emailed and called me regarding the 13.3 pip slippage I experienced the other day and the amount lost to that anomaly was returned to my trading account. I am sure the problem came from their liquidity provider and I'm darn sure it was a technical issues. I know most brokers would want you to take this loss even though it was clearly a technical anomaly (the pair involved is very liquid) and not the trader's fault but the management at Blueberry Markets have proven that they have blood running through their veins and it matters to them that a trader succeeds. Trading is hard enough as it is for most traders but contending with your broker shouldn't be have to be part of it and they understand that. You're not just a statistics at this broker, you are valuable to their success as well. They actually set out to be different from the rest and now I see why. Is there anything as a honest forex broker? But I think this is the closest you are going to get to having one.

I would like to thank the team at Blueberry Markets. The slippage issue has been resolved and I'm happy. I would try withdrawing funds again to see if they have done a better job at improving that as well, but until then, I'll keep trading with BBM.

Lastly, if you want a broker who isn't out there to get you, this is the one folks. Now, I see what the ratings are all about now. Keep it up guys.

Aug 21, 2019 - 1 Star I wrote about my experience with the withdrawal process on blueberry Market well, it was hell. I think the only reason why they have received so many positive reviews is customer relations and not the trading platform itself. I was only able to withdraw 150 of my $450 initial deposit. I didn't get to withdraw any profit until I lost it all. Yes, I'm a high stakes trader and that is my business. They sent me a $20 Goodwill deposit to my account but I don't think that would make up for me loss of over 450 would it? That being said let me get on with why I am here.

I have been trading with several other brokers and in some ways I would consider them bad but I think I have messed around and found the worst one, yes that is blueberry market. I have had a case of 2-5 pip slippage but I have never encountered anything like 15 - 20 pip slippage which is what I experienced today on CADJPY during the Canadian CPI release. Remember I have traded CADJPY before and the maximum slippage I have seen is 2 pips and I have traded other pairs during news and I haven't be subject to this kind of crazy slippage.

Let me explain in full.

Transaction ID: 26100028
I placed a 2.0 (Standard lot) Buy Stop order at 80.139
I placed a 2.0 (Standard Lot) Sell Stop Order at 79.892

Guess where my order was filled? At 80.355 that was 21 pips slippage. These were orders that was sent to their servers a minute before the news. This is highly unacceptable. I don't think an ECN would even provide that much slippage and trust me, I have used ECN brokers and I'm still using an ECN broker as we speak. I didn't take that trade on my main account with other brokers, otherwise I would have figure out the difference however, I know people who did and are in profit but here I am with a US $300 loss wondering where I went wrong with this broker again. Yes, some of my friends are using some of the brokers with worst reviews and rating on FPA and they took exactly the same order as I did, some even with larger lot sizes yet, none of them is complaining about that amount of slippage.

I have written to Tim Maunsell for him to shed more light on this issue but until then I will try to inform traders of the possibility of this sort problems with Blueberry Markets. The number of stars here are not really about the trading platform itself but more about the human relations. But I didn't signup for their pep talks but to trade. I am sure they will blame it on many other factors and they will avoid rectifying the issue.

I will update this review when I hear from them but until then, 1 start from me.

Aug 14, 2019 - 2 Stars I am sure someone here commented about how cumbersome or impossible it is to withdraw your earnings from this broker. Any broker where it's easier to deposit than withdraw is a no go for me. I deposited 450 dollars with the broker and I quickly made profit and I decided to test out their withdrawal, trust me its a train wreck. I did the first withdrawal of $225 on Monday, 11th of August, 2019 and it was deducted from my account. However, when I tried withdrawing another $250 yesterday, It was reversed the today. I thought it was due to the fact that I deposited with two of my cards and I exceeded the actual deposit amount, so I withdrew $225. Well, that was also reversed. So, I reached out to their support via live chat. Guess, what they kept giving me the run around. What surprised me more was the fact that she said, the initial $225 that I tried to withdraw isn't showing up on their record. Where did my $225 go? Till date, I haven't received it, Blueberry Market says they can't find it. Again, I tried to reach out to them on phone, well, I was put right through to Tim Maunsell, well, he said he couldn't hear me over the phone and it was due to phone issues. Now, I'm here sitting on my palms wondering where I went wrong with this broker. They have a great system, yes, but it doesn't seem they want you to have your money. Even the worst brokers will pay you your earning. I can't believe this is what I left exness for.

Reply by Blueberry_Markets submitted Aug 26, 2019 Dear jjzones,

Thank you so much for your understanding, we're grateful for your commitment to working through this and sticking with us. We value your business and look forward to working with you into the future.

If you have any issues please contact me directly by emailing or calling +61 2 8404 9485

Kind regards,

Sebastian Morgan - Head of Client Experience at Blueberry Markets
  7 traders have found this review helpful
Reply by Blueberry_Markets submitted Nov 25, 2019:
Thank you for the multiple reviews. The relationship has been topsy turvy to date and it pains me to hear of your grievances.

Unfortunately, slippage is very likely to occur when trading news announcements or during volatile periods in the trading day. We believe we handle slippage quite well here at Blueberry and make sure our clients are always getting the best price possible when slippage occurs, whether negative, or positive slippage.

Whilst the one-star review stings, it has allowed me to work on ways to better handle queries like yours moving forward. 

I and the team from Blueberry wish you all the best with your trade adventures in the future and if there is anything I can help you with personally, please email me directly at

Thanks again,
Sebastian Morgan | Head of Client Experience | Blueberry Markets
Panamá, Panama,
Oct 30, 2019,

Best Broker

Service use: Live

Length of use: 0-3 Months

This is the single best broker ever created! No proprietary platform with a big learning curve, no personalized news feed, and nothing that isn't needed.
Now, this might seem bad, trust me it isn't.
Their customer support is 110/100, Ben Clay is the friendliest sales manager you will ever find, and the customer support is EXTREMELY quick. Their spreads are super tight and their executions are flash. This is truly the best broker ever.
Reply by Blueberry_Markets submitted Nov 28, 2019:
Thank you for the amazing review. You ticked many of the boxes that we build Blueberry Markets around! Spread, service, speed! I am chuffed. :)

If you had any further feedback or suggestions on how we can improve in the future, please feel free to reach out to me directly!

Best regards,
Sebastian Morgan - Head of Client Experience
Melbourne, Australia,
Oct 29, 2019,
Registered user

Excellent broker

Service use: Live

Length of use: 0-3 Months

Three weeks ago I set up an account with Blueberry Markets to test them out. Ben Card handled my account. I mainly use a different Australian but wanted to add a 2nd broker.

I spent a several days trading BB alongside my other broker, using each broker's MT4 platform and ECN account. My observations:
(i) BB's data feed was more stable during news events (e.g. NFP) whereas the other broker would lock up, jump around, and give me strange fills.
(ii) The other broker's spreads were always narrower, especially during off-peak periods.

Sadly the wider spread was a deal killer for me. I use a scalping strategy and frequently exit trades with +- 1-2 pips. The difference in spreads (0.2p to 0.8p for cable) was materially impacting my bottom line profit, and decided to close the account.

So you may find it strange that I strongly recommend BB as a broker. Let me explain:
- Ben, Tim, and the rest of the team were exceptionally friendly and helpful, moreso than any of the other brokers I've used in the past.
- The first time I brought up the spreads issue, Ben explained that pricing was passed through from liquidity providers without any sort of mark-up, so he couldn't do anything about that. But he made the exceptionally helpful suggestion that I change my USD account to an AUD account. This brought my commission down from USD7/lot to AUD7/lot, which mitigated, but didn't fully resolve, the issue with the spreads.
- I funded the account using a credit card, and when I requested to withdraw the initial deposit, it was processed the same day without complication.
- I made a nice profit, which could not be put back on my credit card, so I asked that it be wired to my US bank. Not as straightforward as a domestic wire, but BB worked with me to make it happen. Afterwards they followed up to confirm that the money was in my account and that I wasn't charged any fees by my bank (which the would have refunded).

I would have liked to continue with BB but unfortunately my trading style isn't a good match for them. However I would recommend them highly to anyone who is swing trading, or using any trading approach that doesn't depend on fractions of a pip for success.
  1 trader has found this review helpful
Reply by Blueberry_Markets submitted Nov 28, 2019:
Thank you for such an informative review! Very compelling.

Whilst there are many positives, you also were constructive with your feedback.

Sebastian Morgan - Head of Client Experience
Capital, Sri Lanka,
Oct 26, 2019,
Registered user

Professional Broker with High Liquidity Raw Feeds

Service use: Live

Length of use: 6-12 Months

Well, I have being trading them with over 6 months. with my experience of trading over 5 years, I would say Blueberry market won't give you novice attractive packages like deposit bonus (though i get special 10% being a part of specific group of traders) , loyalty cashback and exotic events like demo contest etc. but they do provide highly professional support, high speed execution, ultra tight spread. i would recommend their pro account with raw spread. withdrawals also hassle free and it get deposited within 1 working day.
for cons, they only offer gold and silver for metals if you are a metal trader.
  1 trader has found this review helpful
Reply by Blueberry_Markets submitted Nov 28, 2019:
Spreads, tick! Service, tick! Fast execution, tick!

Thank you kindly for such an honest review. We look forward to working on your recommended changes and continuing to focus on our high professional support, high-speed execution and ultra-tight spreads.

Thanks again! :)

Sebastian Morgan - Head of Client Experience
London, United Kingdom,
Oct 21, 2019,

How many traders here are making profits with these guys?

Service use: Live

Length of use: 6-12 Months

Iam an experienced trader but making profits with Blueberry is proving impossible.
I am now very suspicious.  I hope reviewers will include their current results and provide updates.
  2 traders have found this review helpful
Reply by Blueberry_Markets submitted Oct 28, 2019:
Hi Oyato,

I’m sorry to hear of your concerns, we’re committed to cultivating profitable clients, so it pains us to hear of your grievance. Is there anything we can do to help clear up the issue? We’d like to make sure this is investigated properly, to do so, please contact me directly via email (with your account number included) at

Looking forward to hearing from you.

Sebastian Morgan
Head of Client Experience – Blueberry Markets
+61 2 8404 9485
Kabokweni, South Africa,
Oct 16, 2019,
Registered user

New rating

I'd like to apologise to the broker for tarnishing its image as I have previously rated it lowly.
I realised that the mistake was with me because I unknowingly wrote the wrong domain address. All of this wasn't realised until they wrote an email to me highlighting that error. That in turn shows how superb their customer service is as they went to great lengths to rectify this.

I highly recommend this broker to anyone starting out or anyone looking for a transparent broker that really puts their customers first.

Oct 13, 2019 - 2 Stars I applied for a live account +12 hours ago and since then I haven't recieved any notification about the status of the application. For a broker that's rated 4 and half stars this is simply unethical.

Reply by Blueberry_Markets submitted Oct 16, 2019 Hi Fortune Mahule,

It seems you applied with the email domain "", instead of "". Because of this you were not receiving our emails asking for further documentation. Instead of taking the time to write a negative review prior to contacting us, we ask that you direct any questions or complaints to our support chat team on our website.


Sebastian Morgan - Head of Client Experience
  1 trader has found this review helpful
Reply by Blueberry_Markets submitted Dec 2, 2019:
Thanks for revising your review with us Fortune Mahule!

We're glad that your issue was quickly resolved and look forward to working with you moving forward.

Happy trading!

Kind regards,

Sebastian Morgan | Head of Client Experience |
Doha, Qatar,
Oct 1, 2019,
Registered user

BlueberryMarkets Is The Best Forex Broker In The World

Service use: Live

Length of use: 6-12 Months

I have been using two different Forex broker before i joined blueberry market and i can tell you about the difference between the two Forex broker i have been using before blueberry market. Blueberry is totally different among the other Forex brokers outside there. Blueberry is good in customer relationship once you contact their customer service immediately respond to your needs, low spread, Forex signal via email or telegram and free Forex VPS, easy withdrawal wherever you wish too. Blueberry didn't have time to disturb you with a phone call like another's Forex broker outside there that call you to make a quick deposit to their account and after all you enter thief's hand without nothing to show for it. I trust blueberry market and since the first day i have been using blueberry market, i can grant you that is a well-trusted Forex broker. You can try the blueberry market by yourself today and see the difference between the broker and arrange brokers.
  2 traders have found this review helpful
Reply by Blueberry_Markets submitted Dec 2, 2019:
Hey Elijah K!

You've touched on some really important aspects of our business which we strive hard to deliver, thanks for such a refreshing review. We're happy to help anytime so please don't hesitate to reach out personally if you need a hand.

All the best,

Sebastian Morgan | Head of Client Experience |

Frequently Asked Questions

What is Blueberry Markets?

Blueberry Markets is a forex broker, which means it allows traders to try to make money by trading the exchange rates between currencies.

Blueberry offers the MT4 and MT5 trading platforms. In addition to currencies, Blueberry Markets also allows clients to trade stock indexes, metals and other CFDs.

Is Blueberry Markets a good forex broker?

The best way to answer if Blueberry Markets a good forex broker is to read the unbiased traders reviews on ForexPeaceArmy here:

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Additionally, we recommend to check recent Blueberry Markets community discussions:

Are Blueberry Markets regulated?

Yes, Blueberry Markets is regulated. It's under Australia's ASIC regulation with AFSL number 391441.