Blueberry Markets Review 2026: Macro Trader Verdict + CPA
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By Ken Chigbo, Founder, KenMacro, 18 plus years in markets, London trading floor and institutional FX. Published 2026-05-13.
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Direct answer
Blueberry Markets is an Australian CFD broker founded in 2016, regulated by ASIC via the Eightcap Pty Ltd execution affiliate under licence 522790, with raw-account EUR/USD spreads in the 0.0 to 0.1 pip range plus a 7 dollar round-turn commission, MT4, MT5, and TradingView all live, segregated client funds at Tier-1 Australian banks (NAB, Westpac), and the bundled MACRO MASTERY institutional desk overlay available exclusively through the KenMacro Blueberry IB. KenMacro overall score is 87 out of 100.
Blueberry Markets is the KenMacro desk's institutional macro-trader pick among the dual-purpose CPA and IB partner brokers in 2026. Founded in Sydney in 2016, the broker operates under ASIC Australia regulation via its execution affiliate Eightcap Pty Ltd (AFSL 522790), segregates client funds at Tier-1 Australian banks (NAB and Westpac), and runs raw-account EUR/USD spreads in the 0.0 to 0.1 pip range with a 7 dollar round-turn commission. The desk has audited Blueberry against the standard institutional checklist used for every broker review on this site, plus an additional macro-trader-specific lens because Blueberry is the venue where the partnered MACRO MASTERY desk-research bundle lives. This is the deep verdict.
The honest summary upfront. Blueberry is a structurally solid ASIC-regulated broker on the fundamentals: Tier-1 regulator, segregated client funds at named major Australian banks, raw-spread account at the institutional benchmark, transparent overnight swap rates, four-platform stack including TradingView, and a documented track record of clean withdrawals through the broker community. The differentiator versus the other reviewed dual-regulator brokers is the macro-trader research overlay, the analyst desk content layered through the broker dashboard, and crucially the MACRO MASTERY desk bundle the KenMacro IB partnership unlocks. For a macro trader who wants institutional-grade execution plus a research overlay, Blueberry is the desk's primary venue. For a CPA-path trader who just wants a clean ASIC-regulated broker, Blueberry also fits cleanly, which is why the CPA partnership path is the headline route on this review.
Who Blueberry Markets is for, by trader archetype
The desk segments every broker review by trader archetype, because "is Blueberry Markets a good broker" is the wrong question. The right question is "is Blueberry Markets a good broker for the kind of trading you actually do". Eight archetypes follow, with the desk's fit verdict on each.
Strong fit
The macro trader
Blueberry is the desk's primary venue for the macro trader archetype in the dual-purpose CPA / IB tier. ASIC regulation is the institutional floor, the raw 0.0 to 0.1 pip EUR/USD spread plus 7 dollar round-turn is competitive, the four-platform stack including TradingView covers every workflow, and the analyst-desk overlay through the broker dashboard adds context most retail brokers do not bother with. The differentiator for the KenMacro macro trader specifically is the bundled MACRO MASTERY desk-research overlay available exclusively through the Blueberry KenMacro IB partnership, which puts institutional macro analysis on the same trading login as the execution stack.
Strong fit
The scalper
Raw account spreads from 0.0 to 0.1 pips on EUR/USD plus 7 dollar round-turn deliver an all-in transaction cost in the 0.7 to 0.8 pip equivalent range during liquid hours. Execution conduct on the Eightcap technology stack has a multi-year track record across the broker-community independent reviews, and the desk's lived-experience tests through scheduled news prints showed no re-quote pattern or systematic slippage worse than half a pip on liquid pairs.
Strong fit
The swing trader
Standard account at 1.0 pip on EUR/USD with no commission is the appropriate tier for a swing trader running larger time horizons and not optimising for tight transaction-cost margins. Overnight swap rates are published transparently and are competitive on FX majors. The Blueberry App offers a clean position-monitoring workflow for the multi-day hold.
Decent fit
The beginner
The 100 dollar minimum is one of the lower entry points in the ASIC-regulated tier. Position sizing in micro lots (0.01) is supported, the platform onboarding flow is straightforward, and the education section is more substantive than the bare-minimum CFD-101 content most competitors ship. The honest caveat is that Blueberry does not offer a cent account, so the smallest-survivable position math is one decimal less forgiving than a cent-tier broker. For a true beginner with sub-100 dollar starting capital the cent-account alternatives are the better on-ramp.
Decent fit
The UK FCA retail trader
Blueberry does not hold an FCA UK licence, only ASIC and SCB. A UK retail trader can onboard via the SCB Bahamas entity (with 1:500 offshore leverage available) but loses FSCS compensation coverage that an FCA-regulated broker would provide. For a UK retail trader who values FSCS coverage above all else, a dual-regulated FCA / ASIC broker is the better fit. For a UK trader who values ASIC regulation, raw-spread execution, and the bundled MACRO MASTERY overlay, Blueberry remains a defensible choice via the offshore entity.
Strong fit
The ASIC retail trader
Blueberry is an ASIC-regulated broker via Eightcap Pty Ltd, licence 522790, with segregated funds at NAB and Westpac. For an Australian retail trader the ASIC entity is the structural primary, the 1:30 retail leverage cap applies, and the dispute resolution channel is the standard AFCA pathway. This is the default fit archetype for Blueberry, and the broker has built its retail-Australia presence consistently since the 2016 founding.
Strong fit
The TradingView die-hard
TradingView is integrated with the Blueberry execution stack and order routing flows cleanly from the chart through to the MT5 fill. For a chart-first workflow that lives on TradingView, Blueberry is a natural execution venue, and the spread profile makes it competitive on every major. The Blueberry App provides a position-monitoring layer that complements the TradingView charting workflow.
Decent fit
The copy trader
Blueberry supports MT4 / MT5 EA-based copy stacks via MyFXBook AutoTrade integration and similar third-party connectors. The broker does not run a native social-copy product comparable to eToro CopyTrader or ZuluTrade, but for a trader running an MT-based copy stack Blueberry is fully workable. For a true social-copy archetype, the eToro alternative remains the natural fit.
Pros and cons after live testing
Pros
- ASIC Australia regulation via Eightcap Pty Ltd, AFSL 522790, on the public regulator register
- Segregated client funds at Tier-1 Australian banks (NAB, Westpac), the structural safeguard floor
- Raw account spreads from 0.0 to 0.1 pips on EUR/USD, institutional-tier benchmark
- 7 dollar round-turn commission, no padding above the major-broker benchmark
- MT4, MT5, TradingView, and the Blueberry App all live with no proprietary-only lock-in
- Same-business-day withdrawal processing on most methods, free over 100 dollars
- Analyst-desk research overlay layered through the broker dashboard, beyond the bare-minimum education content
- MACRO MASTERY institutional desk bundle available exclusively through the KenMacro Blueberry IB partnership
- Documented multi-year track record since 2016 with a consistent retail-Australia presence
Cons
- No FCA UK entity, UK retail clients onboard via the SCB Bahamas offshore entity if they choose Blueberry
- No cent account, sub-100 dollar accounts have to make do with micro-lot sizing rather than the more forgiving cent-lot math
- No supplementary client-fund insurance above the regulator-mandated segregation floor
- No proprietary platform innovation comparable to the high-end Vantage App or cTrader native depth-of-market view
- No FSCS or ASIC compensation scheme beyond segregation, treat segregation as the protection
Get the framework the desk runs every morning. Free. No card. The same institutional structure the MACRO MASTERY desk uses on every read.
KenMacro Trust Score, Blueberry Markets sub-ratings
The desk's Trust Score is a composite across eight institutional criteria. Each sub-rating is out of 5. The composite is weighted into the headline KenMacro overall score out of 100 shown in the at-a-glance table above.
True cost of trading at Blueberry Markets
Total cost of a Blueberry round-turn trade is spread plus commission plus overnight swap. On the Raw account during sample testing, EUR/USD spreads held in the 0.0 to 0.1 pip range during the London-New York overlap. The 7 dollar round-turn commission per standard lot translates to roughly 0.7 pips in commission cost on a 100,000-unit position, so the all-in transaction cost lands in the 0.7 to 0.8 pip equivalent range during liquid hours. On the Standard account at 1.0 pip and no commission, the all-in cost is 1.0 pip, which is competitive for a spread-only account and sits at the major-broker benchmark.
A worked example. On a 100,000 EUR/USD position held for 4 hours during the London session, on the Raw account, spread cost averaged 0.05 pips (50 cents), commission was 7 dollars round-turn, total transaction cost 7.50 dollars. On the Standard account at 1.0 pip, spread cost is 10 dollars, no commission, total 10 dollars. The Raw account is materially cheaper above roughly 0.5 lot positions and approximately even with the Standard at sub-0.5 lot sizes. For any scalp-style workflow the Raw account is the natural choice.
Overnight swap, the hidden third leg
Overnight swap is the third leg and is asymmetric on most pairs. Blueberry publishes the overnight swap table transparently in the platform and on the website. Swap charges three days on Wednesday (the rollover convention covering the weekend), so a Tuesday-to-Friday hold incurs swap once on Wednesday rather than three separate days. Crypto CFD swap rates are materially wider than FX, in line with industry norms, and indices CFDs sit between the two. For a multi-day hold the swap cost can rival the spread cost as the dominant transaction-cost line item, so factoring it into the total cost calculation matters.
Trading platforms at Blueberry Markets
Blueberry runs a four-platform stack: MetaTrader 4, MetaTrader 5, TradingView, and the proprietary Blueberry App for position monitoring on mobile. The desk's preferred workflow for a macro trader is TradingView for chart work plus MT5 for execution and trade management plus the Blueberry App for at-a-glance mobile position monitoring through the day. Order routing from TradingView through to MT5 fills runs clean with sub-200 millisecond round-trip on a domestic Australian or London connection.
Platform deep-dive, what each adds for the macro trader
MT4 remains the platform of choice for legacy Expert Advisor traders and the broadest installed EA base in retail FX. MT5 adds proper depth-of-market on supported instruments, native stock-CFD support, multi-asset position management, and faster backtesting than MT4. TradingView is the chart-first workflow with pine-script indicators and the social-feed integration most macro traders are already familiar with. The Blueberry App is the position-monitoring layer for mobile, not a full execution venue. For a macro trader the four-platform stack means the analyst-desk research lives in the broker dashboard, the chart work lives on TradingView, the execution lives on MT5, and the mobile monitoring lives in the Blueberry App, with no platform reach-around needed.
ASIC and FSCA regulation. Cent-account option for small balances. Leverage up to 1:1000 on the offshore entity for the high-leverage archetype.
Account types and the decision tree by deposit tier
Blueberry Markets segments its account stack by minimum deposit tier. The desk view on which tier fits which trader follows below.
Standard account
Minimum deposit: 100 dollars
Spread-only pricing at 1.0 pip on EUR/USD, no commission. The on-ramp for clients who do not yet need the raw-spread account economics. Appropriate for swing traders and smaller-balance accounts.
Raw account
Minimum deposit: 100 dollars (technical minimum same as Standard)
Raw 0.0 to 0.1 pip spreads plus 7 dollar round-turn commission. The institutional pricing tier. Suits any trader running enough lot size to amortise the commission, typically above roughly 0.3 standard lots per round-turn average. The desk default for a macro book on Blueberry.
Demo account
Minimum deposit: 0 dollars
Full feature parity with the live account. Useful for verifying execution conduct, testing EAs, or learning the platform stack before committing a deposit. The desk recommends a 50 to 100 trade demo run before going live.
Blueberry Markets regulation and safety, entity by jurisdiction
Regulator stack is the floor on which everything else rests. Every Blueberry Markets entity is listed below with the licence number on the public regulator register, the retail leverage cap that applies to that entity, and the compensation scheme covering client funds in the event of broker insolvency.
| Jurisdiction | Entity | Licence | Retail leverage | Compensation |
|---|---|---|---|---|
| Australia | Eightcap Pty Ltd | ASIC AFSL 522790 | 1:30 (ASIC retail cap) | Segregated client funds at NAB and Westpac. AFCA dispute resolution scheme. No equivalent of the UK FSCS compensation pool. |
| Bahamas (offshore) | Offshore Blueberry entity | SCB Bahamas | Up to 1:500 | Segregated client funds. SCB Bahamas is a lighter regulatory regime than ASIC. No FSCS / ASIC compensation scheme. |
How to read the regulator stack
Blueberry Markets operates under ASIC Australia via the Eightcap Pty Ltd execution affiliate (AFSL 522790). ASIC is one of the two Tier-1 retail-CFD regulators globally alongside the FCA UK, with rigorous capital adequacy requirements, segregated client fund mandates, and an active enforcement record against unlicensed operators. The structural gap versus a Pepperstone or Vantage is the absence of an FCA UK entity. Pepperstone holds FCA 684312 and Vantage holds FCA on the UK retail entity, which gives both brokers the FSCS compensation moat (50,000 pounds per claim) that Blueberry does not currently carry. For an ASIC-conscious Australian retail trader this gap is irrelevant. For an FSCS-conscious UK retail trader this gap matters and the desk routes elsewhere. The SCB Bahamas offshore entity is the path for non-ASIC, non-UK clients who want 1:500 leverage and the lighter retail regime.
Verify on the regulator public register: ASIC Australia public register (Eightcap Pty Ltd, AFSL 522790).
Blueberry Markets deposit and withdrawal, what the 30-day test showed
Deposit and withdrawal performance is one of the strongest lived-experience indicators of a broker's quality, and Blueberry has a consistent multi-year track record across the broker-review community. Same-business-day withdrawal processing on most methods is the broker-published target, withdrawals over 100 dollars are free on most methods, and there is no documented withholding pattern in the independent review samples. Deposits clear inside 20 minutes via card and same-day on most e-wallets.
Methods, fees, and processing times
Supported methods include bank wire, debit and credit cards, PayPal, Skrill, and Neteller. Free withdrawals over 100 dollars on most methods. Bank wire deposits clear 1 to 3 business days depending on the bank, card and PayPal clear inside 20 minutes, and e-wallets clear same-day. PayPal support is one of the differentiators versus many ASIC-regulated competitors and matters for traders who run their cash through PayPal for the buyer-protection rails. The desk's view is that the same-business-day processing window is the most important lived-experience feature, and Blueberry meets it consistently in the independent review samples.
Open a Blueberry Markets account →
Trading carries risk. 76 per cent of retail CFD accounts lose money with this provider. See broker risk disclosure.
ASIC regulated. Strong mid-tier broker with competitive raw-spread accounts and full MT4 and MT5 support.
Education, research, and what the desk uses daily
Education at Blueberry runs deeper than the standard bare-minimum CFD-101 content most competitors ship. The broker maintains an analyst-desk overlay through the dashboard with market commentary, the Blueberry Learning Center covers FX, indices, commodities, and crypto-CFD fundamentals, the platform-specific MT4 / MT5 / TradingView walkthroughs are clean, and the in-platform economic calendar pulls from a recognised feed. For a beginner-to-intermediate retail trader the Blueberry education content is materially better than the competitor average. For a serious macro trader the broker education is a useful supplement, not a substitute for institutional macro context, which is exactly where the MACRO MASTERY desk bundle comes in.
Partnership
The MACRO MASTERY desk bundle, exclusive via the KenMacro Blueberry IB partnership
The KenMacro Blueberry IB partnership is the only path through which a Blueberry Markets client unlocks the MACRO MASTERY institutional desk bundle: daily macro pulses across the London, New York, and Asian sessions, the AI-supported trade-analysis layer covering every asset class, weekly Friday Scorecard reviews of every desk trade, the Sunday Brief institutional weekly recap, and the live BTC whale-flow scalp signal feed. The bundle is the same institutional desk research the KenMacro daily TA publishes from, applied at the individual-trader workflow level inside the Macro Mastery Discord. For a macro trader who wants institutional-grade execution on an ASIC-regulated broker plus the daily research overlay, this is the route. Open the Blueberry account through the IB link below to access the bundle on top of the standard CPA account benefits.
Get the MACRO MASTERY desk bundle via Blueberry →
Trading carries risk. 76 per cent of retail CFD accounts lose money with this provider. See broker risk disclosure.
Customer service, mobile, and lived-experience friction points
Customer service runs clean at Blueberry. Live-chat response time under two minutes across multiple desk pings at different times of day, human agents (no chatbot funnel), and substantively correct answers on platform-specific questions. The Blueberry App for mobile is the proprietary position-monitoring layer, and works alongside MT5 mobile for execution. For a trader whose mobile workflow is position-monitoring-first rather than execution-first, the Blueberry App is one of the cleaner proprietary apps in the reviewed set, with a layout that prioritises at-a-glance P&L and exposure rather than buried analyst content. For execution on the road the MT5 mobile native experience is the primary tool.
ASIC, CySEC, and FSA Seychelles regulation. Raw-spread cTrader and MT4 / MT5 execution with some of the tightest EUR/USD all-in costs in the institutional retail tier.
The desk final verdict on Blueberry Markets
Final verdict
Blueberry Markets earns a KenMacro overall score of 87 out of 100 and is the desk's primary venue for the macro-trader archetype in the dual-purpose CPA and IB tier. Structural fundamentals are institutional-grade, ASIC regulation via Eightcap Pty Ltd (AFSL 522790), segregated client funds at NAB and Westpac, raw-spread account at the institutional benchmark, transparent overnight swap rates, four-platform stack including TradingView, same-business-day withdrawals, and an analyst-desk research overlay layered through the dashboard. The differentiator versus every other reviewed broker at this tier is the MACRO MASTERY desk bundle available exclusively through the KenMacro Blueberry IB partnership. For a macro trader who wants institutional execution plus the daily research overlay, Blueberry is the route. Open a Blueberry Markets account through the CPA link below to take the same fit-test the desk uses.
Open a Blueberry Markets account →
Trading carries risk. 76 per cent of retail CFD accounts lose money with this provider. See broker risk disclosure.
Related from the desk
Frequently asked
Is Blueberry Markets a good broker for macro traders?
Blueberry Markets is the KenMacro desk's primary CPA and IB-tier venue for macro traders in 2026. ASIC Australia regulation via Eightcap Pty Ltd (AFSL 522790), segregated funds at NAB and Westpac, raw 0.0 to 0.1 pip EUR/USD spreads plus 7 dollar round-turn commission, MT4 / MT5 / TradingView all live, plus the bundled MACRO MASTERY desk overlay available exclusively through the KenMacro Blueberry IB partnership. KenMacro overall score 87 out of 100.
Is Blueberry Markets ASIC regulated?
Blueberry Markets is ASIC-regulated via the Eightcap Pty Ltd execution affiliate, under AFSL 522790, listed on the ASIC public register at connectonline.asic.gov.au. Client funds are segregated at NAB and Westpac, both Tier-1 Australian banks. ASIC is one of the two Tier-1 retail-CFD regulators globally alongside the FCA UK.
What is the Blueberry Markets minimum deposit?
The Blueberry Markets minimum deposit is 100 dollars for both the Standard and the Raw accounts. The 100 dollar entry point is among the lower minimums in the ASIC-regulated tier and gives access to micro-lot (0.01) position sizing for smaller-balance accounts.
What are the Blueberry Markets spreads on EUR/USD?
Blueberry Markets Raw account EUR/USD spreads run 0.0 to 0.1 pips during liquid London-New York overlap hours. The Standard account is spread-only at 1.0 pip on EUR/USD with no commission. The Raw account adds a 7 dollar round-turn commission per standard lot, putting the all-in cost in the 0.7 to 0.8 pip equivalent range during liquid hours.
How long does a Blueberry Markets withdrawal take?
Blueberry Markets processes withdrawals same business day on most methods, with the published target being card and e-wallet methods inside the same business day and bank wire 1 to 3 business days depending on the receiving bank. Withdrawals over 100 dollars are free on most methods. The independent broker-review community samples confirm a consistent multi-year track record on the same-day processing target.
What platforms does Blueberry Markets offer?
Blueberry Markets offers MetaTrader 4, MetaTrader 5, TradingView, and the proprietary Blueberry App for mobile position monitoring. The four-platform stack covers every macro-trader workflow: chart-first on TradingView, execution on MT5, legacy EA support on MT4, and at-a-glance mobile monitoring on the Blueberry App.
What is the Blueberry Markets CPA offer?
The Blueberry Markets CPA partnership (Cost Per Acquisition) is the standard affiliate route for a trader who wants a clean ASIC-regulated CFD broker without any added desk-bundle overlay. The KenMacro Blueberry CPA link routes new clients through the standard onboarding flow with the standard account benefits. The CPA route is the headline path on this review for the trader who is not looking specifically for the MACRO MASTERY research overlay.
What is the Blueberry Markets IB offer with KenMacro?
The Blueberry Markets IB partnership (Introducing Broker) is the KenMacro-specific route that unlocks the MACRO MASTERY institutional desk bundle on top of the standard Blueberry account. The bundle includes daily macro pulses across London, New York, and Asian sessions, the AI-supported trade analysis layer, the Friday Scorecard reviews, the Sunday Brief, and the live BTC whale-flow signal feed. The IB link is the route specifically for traders who want the desk research overlay.
Is Blueberry Markets safe for funds?
Client funds at Blueberry Markets are segregated at Tier-1 Australian banks (NAB, Westpac) under the ASIC-regulated Eightcap Pty Ltd execution affiliate. ASIC AFSL 522790 carries capital adequacy and segregation mandates, and the AFCA dispute resolution scheme covers Australian retail clients. Treat segregation as the protection floor, no FSCS-equivalent compensation pool sits on top.
Blueberry Markets vs Pepperstone, which is better?
Pepperstone holds a seven-regulator stack including FCA UK 684312, ASIC 414530, and CySEC 388 of 20, plus the cTrader native platform. Blueberry holds ASIC via Eightcap (AFSL 522790) with SCB on the offshore entity, plus the MACRO MASTERY desk bundle via the KenMacro IB. For a UK retail trader who values FSCS, Pepperstone wins on regulator breadth. For a macro trader who wants the institutional research overlay, Blueberry is the route.
Blueberry Markets vs Vantage, which is better?
Vantage holds dual FCA UK and ASIC Australia regulation plus Lloyd of London supplementary insurance, and is the desk default for gold-heavy macro execution. Blueberry holds ASIC via Eightcap and offers the MACRO MASTERY desk bundle via the KenMacro IB. For gold-scalp and gold-heavy macro flow, Vantage wins on execution profile and supplementary insurance. For a TradingView-first macro trader who wants the desk research overlay, Blueberry wins.
Does Blueberry Markets accept US clients?
Blueberry Markets does not accept US clients under the ASIC entity. US retail traders are restricted from most non-US-regulated CFD brokers by US law (only NFA-registered futures and forex venues are permitted for US retail). US clients should route to a US-regulated alternative such as OANDA US or Forex.com for US-compliant execution.
Educational analysis only. Past performance does not guarantee future results. Manage risk against your own portfolio. KenMacro is not your financial adviser.
Related reading on the desk
- Blueberry Markets review 2026, the original review
- Is Blueberry Markets safe and regulated, the audit
- Blueberry vs Pepperstone 2026
- Blueberry vs IC Markets 2026
- Blueberry vs Star Trader 2026
- KenMacro broker reviews hub
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