Blueberry Markets vs OANDA: Honest 2026 Comparison
The desk’s regulated broker pick
Vantage
FCA and ASIC regulated, segregated client funds, the desk’s default for a private account you fully own and can withdraw from at will. Confirm current terms on Vantage’s own site.
Open a Vantage account (FCA + ASIC) →
Capital at risk. KenMacro earns a referral commission at no cost to you, this does not change the editorial verdict.
Affiliate disclosure: this article contains partner links. KenMacro may earn a commission when you open an account through these links, at no additional cost to you. The desk only partners with brokers that pass our regulatory and execution-quality screen.
Blueberry Markets and OANDA both target the ASIC-regulated retail vs NFA-registered global archetype but with different trade-offs. Blueberry Markets carries ASIC, SCB oversight, founded 2016, with asic oversight plus the bundled macro mastery desk overlay. OANDA runs NFA, CFTC, FCA, ASIC, IIROC, MAS, JFSA, FSC BVI, founded 1996, with nfa and cftc registered for us clients, no minimum deposit, deep historical-data api used by quant traders globally. For the ASIC-regulated retail vs NFA-registered global archetype, Blueberry Markets is the cleaner fit.
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 ASIC oversight plus the desk bundle, Blueberry Markets. Blueberry Markets runs ASIC, SCB, OANDA runs NFA, CFTC, FCA, ASIC, IIROC, MAS, JFSA, FSC BVI.
- For raw spreads plus commission. Blueberry Markets EUR/USD 0.0 to 0.1 pips raw (raw account), 1.0 pip (standard), commission $7 round-turn (raw account). OANDA EUR/USD 0.6 pips typical (standard, spread-only), 0.1 pips raw plus commission (core pricing), commission core pricing $10 round-turn per standard lot, standard zero commission.
- For TradingView native vs OANDA Trade. Blueberry Markets runs mt4, mt5, tradingview, blueberry app. OANDA runs oanda trade (proprietary web and desktop), oanda mobile app, metatrader 4, metatrader 5, tradingview (charting partnership), api access (rest, fix).
- For minimum deposit. Blueberry Markets: $100. OANDA: $0 technical, no required initial deposit.
- For Trustpilot 2026. Blueberry Markets: 4.4 / 5. OANDA: 4.1 / 5.
- For the partner-stack alternative. Blueberry Markets is the partner route the desk runs.
Open Blueberry Markets, the partner-stack route →
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 | OANDA |
|---|---|---|
| Founded | 2016 | 1996 |
| Regulation | ASIC, SCB | NFA, CFTC, FCA, ASIC, IIROC, MAS, JFSA, FSC BVI |
| Min deposit / fee | $100 | $0 technical, no required initial deposit |
| EUR/USD spread | 0.0 to 0.1 pips raw (Raw account), 1.0 pip (Standard) | 0.6 pips typical (Standard, spread-only), 0.1 pips raw plus commission (Core Pricing) |
| Commission | $7 round-turn (Raw account) | Core Pricing $10 round-turn per standard lot, Standard zero commission |
| Max leverage | 1:30 ASIC retail, up to 1:500 SCB offshore | 1:50 NFA US majors, 1:30 FCA, ASIC retail, up to 1:200 FSC BVI offshore |
| Platforms | MT4, MT5, TradingView, Blueberry App | OANDA Trade (proprietary web and desktop), OANDA mobile app, MetaTrader 4, MetaTrader 5, TradingView (charting partnership), API access (REST, FIX) |
| Payment / payouts | Bank wire, cards, PayPal, Skrill, Neteller. Free withdrawals over $100. Same-day processing window. | Bank wire, debit cards, ACH (US), PayPal (selected jurisdictions), Skrill, Neteller. No broker-side fees on most methods. |
| Trustpilot 2026 | 4.4 / 5 | 4.1 / 5 |
| Key strength | ASIC oversight plus the bundled MACRO MASTERY desk overlay | NFA and CFTC registered for US clients, no minimum deposit, deep historical-data API used by quant traders globally |
Regulation and trust
Blueberry Markets carries 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). OANDA runs OANDA Corporation is registered with the NFA (member ID 0325821) and CFTC as a Retail Foreign Exchange Dealer. OANDA Europe Ltd is FCA-authorised under firm reference 542574. OANDA Australia Pty Ltd holds ASIC AFSL 412981. OANDA (Canada) Corporation ULC is regulated by IIROC. OANDA Asia Pacific Pte Ltd is licensed by MAS Singapore. OANDA Japan Co Ltd is regulated by JFSA and registered with the Kanto Local Finance Bureau. OANDA Global Markets Ltd is regulated by the FSC BVI. Founded 1996, one of the original retail-forex pioneers, headquartered in New York with global operations. Regulator depth is one of the cleanest filters when picking a broker, the deeper the audited stack the better the recourse if anything goes wrong. For traders prioritising the bundled MACRO MASTERY desk overlay, Blueberry Markets is the partner-stack route the desk runs every day.
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).
OANDA, by contrast, operates under OANDA Corporation is registered with the NFA (member ID 0325821) and CFTC as a Retail Foreign Exchange Dealer. OANDA Europe Ltd is FCA-authorised under firm reference 542574. OANDA Australia Pty Ltd holds ASIC AFSL 412981. OANDA (Canada) Corporation ULC is regulated by IIROC. OANDA Asia Pacific Pte Ltd is licensed by MAS Singapore. OANDA Japan Co Ltd is regulated by JFSA and registered with the Kanto Local Finance Bureau. OANDA Global Markets Ltd is regulated by the FSC BVI. Founded 1996, one of the original retail-forex pioneers, headquartered in New York with global operations.
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Spreads and commission
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). OANDA posts 0.6 pips typical (standard, spread-only), 0.1 pips raw plus commission (core pricing) with core pricing $10 round-turn per standard lot, standard zero commission. All-in cost is the relevant comparison rather than the headline raw spread on its own, the commission rate per round-turn lot can flip the verdict for high-frequency traders. On the ASIC-regulated retail vs NFA-registered global archetype, Blueberry Markets edges the cost stack.
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). OANDA posts 0.6 pips typical (standard, spread-only), 0.1 pips raw plus commission (core pricing) with core pricing $10 round-turn per standard lot, standard zero commission. Both numbers are sourced from the brokers’ published spread sheets and cross-referenced against live execution windows during NFP and FOMC.
Platforms
Blueberry Markets’s platform stack runs mt4, mt5, tradingview, blueberry app. OANDA covers oanda trade (proprietary web and desktop), oanda mobile app, metatrader 4, metatrader 5, tradingview (charting partnership), api access (rest, fix). Platform fit is rarely the differentiator on its own, the question is which stack lines up with the trader’s existing chartwork and automation. For traders running MetaTrader expert advisors or TradingView native chartwork, both brokers cover the standard set, the differentiator lives in any proprietary platform extension on each side.
Blueberry Markets’s platform stack covers mt4, mt5, tradingview, blueberry app, while OANDA runs oanda trade (proprietary web and desktop), oanda mobile app, metatrader 4, metatrader 5, tradingview (charting partnership), api access (rest, fix). 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
Blueberry Markets: Bank wire, cards, PayPal, Skrill, Neteller. Free withdrawals over $100. Same-day processing window. OANDA: Bank wire, debit cards, ACH (US), PayPal (selected jurisdictions), Skrill, Neteller. No broker-side fees on most methods. Withdrawal infrastructure is a quiet but high-impact layer. The cleanest brokers process broker-side withdrawals same-day on most methods with zero broker-side fees, intermediary-bank delays are the variable element on bank-wire withdrawals.
Blueberry Markets: Bank wire, cards, PayPal, Skrill, Neteller. Free withdrawals over $100. Same-day processing window.
OANDA: Bank wire, debit cards, ACH (US), PayPal (selected jurisdictions), Skrill, Neteller. No broker-side fees on most methods.
FCA, ASIC and FSCA regulation. Lloyd’s of London supplementary client-fund insurance up to one million dollars per client. Raw-spread ECN execution.
Who should pick Blueberry Markets
Pick Blueberry Markets if you are
Pick Blueberry Markets if you fit the ASIC-regulated retail vs NFA-registered global archetype that prioritises asic oversight plus the bundled macro mastery desk overlay. The headline differentiator is ASIC, SCB regulator coverage with 0.0 to 0.1 pips raw (raw account), 1.0 pip (standard) on EUR/USD. Blueberry Markets is in the partner stack the desk runs every day.
Who should pick OANDA
Pick OANDA if you are
Pick OANDA if you fit the ASIC-regulated retail vs NFA-registered global archetype that prioritises nfa and cftc registered for us clients, no minimum deposit, deep historical-data api used by quant traders globally. The headline differentiator is NFA, CFTC, FCA, ASIC, IIROC, MAS, JFSA, FSC BVI regulator coverage with 0.6 pips typical (standard, spread-only), 0.1 pips raw plus commission (core pricing) on EUR/USD. OANDA is not in the partner stack the desk runs, see the pivot CTA below.
The desk’s verdict
Desk verdict
Blueberry Markets and OANDA are both credible options inside the ASIC-regulated retail vs NFA-registered global archetype. OANDA wins on US-resident accessibility via NFA and CFTC registration, the deeper historical-data API, and the no-minimum-deposit floor. Blueberry wins on the bundled MACRO MASTERY desk overlay and same-day withdrawal cycles on small balances. The desk routes traders to Blueberry Markets as the partner-stack option, with the bundled MACRO MASTERY desk overlay through the KenMacro IB relationship.
Open Blueberry Markets, the partner-stack route →
Capital at risk. CFD and margin trading carry significant risk of loss. Past performance does not guarantee future results.
ASIC regulated. The desk’s preferred broker for retail macro traders who want the MACRO MASTERY desk overlay alongside the platform.
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 Markets or OANDA?
For the ASIC-regulated retail vs NFA-registered global archetype: Blueberry Markets, on asic oversight plus the bundled macro mastery desk overlay. Both are credible options inside their respective regulator stacks.
Is Blueberry Markets safer than OANDA?
Blueberry Markets runs ASIC, SCB. OANDA runs NFA, CFTC, FCA, ASIC, IIROC, MAS, JFSA, FSC BVI. Both segregate client funds per regulator rules. The deeper the audited stack the cleaner the recourse if anything goes wrong, ASIC oversight plus the desk bundle is the differentiator on this pair.
Are Blueberry Markets spreads tighter than OANDA?
Blueberry Markets posts 0.0 to 0.1 pips raw (raw account), 1.0 pip (standard) with $7 round-turn (raw account). OANDA posts 0.6 pips typical (standard, spread-only), 0.1 pips raw plus commission (core pricing) with core pricing $10 round-turn per standard lot, standard zero commission. All-in cost is the operationally relevant comparison rather than the headline raw spread on its own.
Which has lower minimum deposit, Blueberry Markets or OANDA?
Blueberry Markets: $100. OANDA: $0 technical, no required initial deposit. The lower minimum is the cleaner door-opener for early-stage traders, but capital should match the trader’s risk-management plan rather than the broker’s floor.
Which has the bundled MACRO MASTERY desk overlay?
Blueberry Markets is in the partner stack. OANDA is not.
Can I run both Blueberry Markets and OANDA accounts?
Yes. Many traders run more than one broker account in parallel, eg one for ECN raw execution and one for spread-only proprietary platforms. Both brokers segregate client funds per their respective regulator rules, so capital is protected on each entity’s terms even if one entity fails.
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 OANDA terms against each official documentation before opening an account.
Sources cross-referenced for this Blueberry Markets vs OANDA comparison: https://blueberrymarkets.com/about-us/, https://connectonline.asic.gov.au/RegistrySearch/, https://uk.trustpilot.com/review/blueberrymarkets.com, https://www.oanda.com/about/legal-regulatory/, https://register.fca.org.uk/, https://www.nfa.futures.org/basicnet/, https://uk.trustpilot.com/review/oanda.com, Trustpilot aggregations 2026.
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