Blueberry Markets vs IC Markets: Honest 2026 Comparison
Quick answer
Partner links (Blueberry, Star Trader and E8 Markets) may earn KenMacro a commission, at no extra cost to you. Links to other brokers earn KenMacro nothing.
Partner links (Blueberry, Star Trader and E8 Markets) may earn KenMacro a commission, at no extra cost to you. Links to other brokers earn KenMacro nothing.
IC Markets is one of the largest retail forex brokers globally by volume, with tight raw spreads and cTrader native. The differentiator is desk integration on Blueberry vs raw execution scale on IC Markets.
By Ken Chigbo, Founder, KenMacro, 18-plus years in markets, London trading floor and institutional FX. The framework runs daily inside the MACRO MASTERY desk.
Quick verdict
- For raw-spread depth, IC Markets wins. One of the largest reported retail forex volumes globally.
- Partner status routes traders into the desk.
- For cTrader native, IC Markets wins. Blueberry does not offer cTrader.
- For Trustpilot rating, IC Markets edges.
- For minimum deposit, Blueberry edges. 100 dollars vs IC Markets’ 200 dollars.
- For withdrawal-speed on small balances, Blueberry wins. Free over 100 dollars, same-day.
Capital at risk. CFD and margin trading carry significant risk of loss. Past performance does not guarantee future results.
At a glance
| Variable | Blueberry Markets | IC Markets |
|---|---|---|
| Founded | 2016 | 2007 |
| Regulation | ASIC, SCB | ASIC, CySEC, FSA Seychelles |
| Min deposit / fee | $100 | $200 |
| EUR/USD spread | 0.0 to 0.1 pips raw (Raw account), 1.0 pip (Standard) | 0.0 to 0.1 pips raw (Raw Spread) |
| Commission | $7 round-turn (Raw account) | $7 round-turn (Raw Spread) |
| Max leverage | 1:30 ASIC retail, up to 1:500 SCB offshore | 1:30 ASIC retail, up to 1:500 FSA offshore |
| Platforms | MT4, MT5, TradingView, Blueberry App | MT4, MT5, cTrader |
| Payment / payouts | Bank wire, cards, PayPal, Skrill, Neteller. Free withdrawals over $100. Same-day processing window. | Bank wire, cards, PayPal, Skrill, Neteller. Free on most methods. |
| Trustpilot 2026 | ||
| Key strength | Tight raw spreads and cTrader native |
Regulation and trust
IC Markets runs ASIC (licence 335692), CySEC (licence 362/18), and FSA Seychelles oversight. Blueberry runs ASIC oversight on its execution partner plus the SCB Bahamas offshore entity. Both segregate client funds at Tier-1 banks. IC Markets is one of the larger retail brokers globally by reported trading volume, with the operating depth that comes with that scale. Blueberry’s regulator footprint is narrower but anchored on ASIC.
Blueberry Markets, the regulator footprint runs ASIC Australia licence 522790 (Eightcap Pty Ltd, the Blueberry Markets execution partner), and SCB Bahamas oversight on the offshore entity. Segregated client funds at Tier-1 Australian banks (NAB, Westpac).
IC Markets, by contrast, operates under ASIC Australia licence 335692, CySEC Cyprus licence 362/18, and FSA Seychelles licence SD018. One of the largest retail forex brokers globally by reported trading volume.
Spreads and commission
IC Markets Raw Spread posts 0.0 to 0.1 pips on EUR/USD with 7 dollars round-turn commission. Blueberry Raw posts 0.0 to 0.1 pips with 7 dollars round-turn. Headline raw spreads and commission are matched. The differentiator is execution depth on IC Markets, the broker has institutional-volume liquidity that holds tighter during NFP and FOMC compared to mid-tier alternatives.
On the headline raw account tier, Blueberry Markets posts 0.0 to 0.1 pips raw (raw account), 1.0 pip (standard) on EUR/USD with $7 round-turn (raw account). IC Markets posts 0.0 to 0.1 pips raw (raw spread) with $7 round-turn (raw spread). Both numbers are sourced from the brokers’ published spread sheets and cross-referenced against live execution windows during NFP and FOMC.
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Platforms
IC Markets carries MT4, MT5, and cTrader. Blueberry runs MT4, MT5, TradingView, and the Blueberry App. cTrader is the IC Markets standout, with Level II depth-of-market and the cTrader Algo automation environment. TradingView native is the Blueberry standout. The platform fit depends on whether the trader wants cTrader (IC Markets) or TradingView native (Blueberry).
Blueberry Markets’s platform stack covers mt4, mt5, tradingview, blueberry app, while IC Markets runs mt4, mt5, ctrader. Platform fit is rarely the differentiator on its own, the differentiator is how the platform set lines up with the trader’s existing chartwork and automation set.
Payments and withdrawals
Both brokers process withdrawals same-day on most methods. Blueberry’s free-over-100-dollars rule is marginally cleaner for small cycles. IC Markets does not charge broker-side withdrawal fees on the common methods either. The payment-infrastructure comparison is effectively a tie.
Blueberry Markets: Bank wire, cards, PayPal, Skrill, Neteller. Free withdrawals over $100. Same-day processing window.
IC Markets: Bank wire, cards, PayPal, Skrill, Neteller. Free on most methods.
Who should pick Blueberry Markets
Pick Blueberry Markets if you are
Who should pick IC Markets
Pick IC Markets if you are
Pick IC Markets if you specifically need cTrader native, you want the institutional-volume execution depth that holds tighter during volatile windows, you have 200 dollars plus capital to deploy, or you specifically need the EU MiFID coverage via CySEC.
The desk’s verdict
Desk verdict
Both Blueberry Markets and IC Markets are credible options inside their respective archetypes. The differentiation lives in the layer-specific details: regulation, commission, platforms, and the operating track record. Match the broker to the trader profile rather than chasing the lowest spread in isolation.
Capital at risk. CFD and margin trading carry significant risk of loss. Past performance does not guarantee future results.
The MACRO MASTERY angle
Broker selection is one piece of the framework. Macro positioning is what compounds across cycles, irrespective of the execution venue. The MACRO MASTERY desk runs daily macro pulses, NFP and FOMC and CPI live coverage, BTC whale-flow signals, weekly performance scorecard, and the live MT5 signal bridge.
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Related from the desk
Frequently asked questions
Which is better, Blueberry or IC Markets?
IC Markets for cTrader native plus the institutional-volume execution depth and the higher Trustpilot rating.
Are IC Markets spreads tighter than Blueberry?
Headline raw spreads are matched (0.0 to 0.1 pips on each broker’s raw account). Commission is matched at 7 dollars round-turn. IC Markets’ execution depth holds marginally tighter during volatile windows due to higher reported trading volume.
Does Blueberry offer cTrader?
No. Blueberry’s platform stack is MT4, MT5, TradingView, and the Blueberry App. IC Markets is the only broker between these two with cTrader native.
Which has lower minimum deposit?
Blueberry at 100 dollars. IC Markets requires 200 dollars on any account tier.
Which is better for beginners?
IC Markets is the cleaner choice once the trader has 200 dollars plus and specifically wants cTrader.
Can I use both Blueberry and IC Markets?
Yes. Both segregate client funds.
Related reading
- Best forex brokers 2026, the institutional verdict
- How to choose a forex broker, the desk’s framework
- Vantage vs Blueberry vs Star Trader, three-way verdict
Educational analysis only. Past performance does not guarantee future results. Manage risk against your own portfolio. CFD and margin trading carry significant risk of loss. Verify current Blueberry Markets and IC Markets terms against each official documentation before opening an account.
Sources cross-referenced for this Blueberry Markets vs IC Markets comparison: https://blueberrymarkets.com/about-us/, https://connectonline.asic.gov.au/RegistrySearch/, https://uk.trustpilot.com/review/blueberrymarkets.com, https://www.icmarkets.com/global/en/about-us/regulation, https://connectonline.asic.gov.au/RegistrySearch/, https://uk.trustpilot.com/review/icmarkets.com, Trustpilot aggregations 2026.
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