Is Blueberry Markets Safe and Legit? 2026 Desk Audit

Broker Audit, 2026

By Ken Chigbo, Founder, KenMacro, 18+ years across discretionary and systematic strategies, UK macro desk.

Find Ken on X @realkenchigbo · YouTube @Realkenchigbo · MACRO MASTERY Discord

Updated 2026-05-23

The one question that actually matters

Most traders ask whether Blueberry Markets is safe. The desk reframes that: the question is which entity issues your account. The brand is one; the legal entities behind it are two. Australian residents fall under Blueberry Australia Pty Ltd, regulated by ASIC under AFSL 535887. That is a genuine, verifiable licence you can cross-check on the ASIC public register right now. Traders outside Australia are onboarded via a separate offshore entity. That entity is not Tier-1, not FCA-regulated, and carries a different risk profile. Same brand, meaningfully different protection. Knowing your entity is the first step before you fund anything.

Regulation, mapped by entity

Blueberry Australia Pty Ltd holds ASIC AFSL 535887. ABN 67 646 513 797. The execution entity is Blueberry Prime Partners Pty Ltd. ASIC is one of the more demanding retail regulators: leverage caps at 30:1 for retail clients, mandatory negative balance protection, and product intervention powers. The offshore entity, regulated by the Mauritius FSC (licence GB24203929) and the Vanuatu VFSC, operates under a separate regulatory framework, with leverage up to 500:1 available. The desk will not claim that is equivalent. It is not FCA-regulated. It is not Tier-1 globally. That does not make it fraudulent; it means the regulatory floor is lower and the trader absorbs more of the counterparty risk. Confirm which entity applies to your country of residence before depositing.

Where your money sits, and what backs it

Client funds across Blueberry entities are held in segregated accounts, separate from the company’s own operating capital. For Australian clients, the AFCA external dispute resolution scheme provides a statutory complaints pathway if something goes wrong. That pathway does not exist for offshore entity clients in the same form. There is no government-backed compensation scheme covering trading losses on the offshore entity. The desk’s standing position: keep only working capital on any retail platform. Do not leave months of living expenses sitting in a trading account, regardless of the broker. Segregation reduces one risk; it does not eliminate all of them.

Withdrawals and the scam-flag checklist

The majority of Blueberry Markets clients report withdrawals processed without issue, and Blueberry carries a strong service reputation, rated around 4.6 on Trustpilot at the time of writing. One nuance the desk flags: some negative withdrawal reports online actually concern Blueberry Funded, the separate prop-firm product, not the Blueberry Markets brokerage. They share a brand and reviewers conflate the two, so read the detail before you weigh a complaint. To minimise stall risk on your own account: complete full KYC verification before making your first deposit, not after. Fund and withdraw via the same method. Trade within the platform’s terms of service, particularly around bonus conditions if any apply. Use only the genuine Blueberry Markets domain and verify the URL against the ASIC register. Clone sites impersonating legitimate brokers are a real threat in the retail FX sector. The broker cannot be held responsible for losses incurred on a fraudulent site pretending to be them.

The desk’s verdict

Rating: 4.3 out of 5. Blueberry Markets is a legitimate, operating broker. For Australian clients, ASIC AFSL 535887 provides a solid regulatory foundation. The platform selection, MT4, MT5, cTrader and TradingView, is genuinely broad. Raw spreads are competitive. Copy trading via Myfxbook AutoTrade and DupliTrade extends the use case. The honest catch: most international clients sit on the offshore entity, not the ASIC-regulated one. No FCA cover. No statutory compensation for offshore clients. That is a real limitation and the desk will not paper over it. What Blueberry does well, it does well. Know your entity, size your deposit to match the risk level, and the offering is credible.

Frequently asked

Is Blueberry Markets a scam?

No. Blueberry Markets is a genuine, operating broker. The desk rates it 4.3 out of 5. It holds ASIC AFSL 535887 for Australian clients. The key nuance is your entity: Australian clients have Tier-1-style protection; international clients are on the offshore entity with a lower regulatory floor. That is a risk caveat, not evidence of fraud.

Is Blueberry Markets regulated?

Yes, by entity. Australian clients fall under Blueberry Australia Pty Ltd, ASIC AFSL 535887, which is verifiable on the public ASIC register. International clients are served by a separate offshore entity. That entity is not regulated by ASIC, the FCA, or any other Tier-1 authority. Confirm which entity applies to your country before opening an account.

Is Blueberry Markets safe for Australian clients?

The strongest case for safety applies to Australian clients specifically. ASIC AFSL 535887 means mandatory client money segregation, a 30:1 retail leverage cap, and access to AFCA for external disputes. That is a materially stronger protection framework than the offshore entity offers. Australian clients are in the best position of any Blueberry client base.

Are my funds safe with Blueberry Markets?

Client funds are held in segregated accounts, which separates your money from the company’s operating capital. For Australian clients, the AFCA dispute pathway adds another layer. For offshore entity clients, there is no statutory compensation scheme covering trading losses. The desk’s standing position: keep only working capital on the platform, regardless of broker.

Is Blueberry Markets available in my country?

Blueberry Markets does not accept clients from the United States, Japan, Indonesia, Malaysia, or Ontario in Canada. Traders in many other countries, New Zealand included, can access the broker via the offshore entity. Check the broker’s current terms for your specific jurisdiction, as restricted country lists can change without notice.

KenMacro has commercial partnerships with one or more of the brokers referenced and may earn a commission if you open an account. Scores and rankings are editorial and independent of commission. Educational analysis only, not financial advice. Trading leveraged products carries a high risk of loss. Verify regulation by entity and current terms on the broker’s own site before funding any account.