When I am looking for the ideal broker, I consider the following aspects to identify a suitable broker:
2. Trading Conditions
3. Customer Service
The trust you have/place in a broker is the first port of call. Even if a broker aces my three other checks, if they aren’t trustworthy there is no way I am going to transfer my hard-earned cash or can recommend them to my clients.
The first trustworthy aspect I checked was whether Blueberry Markets is regulated by any government body.
I am happy to report that they are.
Blueberry Markets is regulated by the Australian Securities and Investments Commission under CAR AFSL 1245440.
In addition, funds are held in a segregated client trust account with the National Australia Bank (NAB).
2. TRADING CONDITIONS
Account types, spreads and execution make up the trading side of things.
Blueberry Markets has two account types, with one key difference between them.
Standard Account: That key difference is the standard account doesn’t charge a commission, with all fees built into the spread.
Pro Account: The pro account has a raw spread (tighter than the standard account) plus a commission.
Pro accounts are great for Expert Advisors (EAs) they require and look for the tighter spread. This results in better fills and more trades.
As you may know, I use robotic trading systems which including scalping strategies when trading. This means that I don’t take spread lightly as it is crucial to the performance of my strategies.
Blueberry offer extremely competitive spreads with some of the tightest I have seen in the industry. This is not only on one or two currency pairs like other brokers, this is across all currency pairs and financial instruments offered! Amazing!
Tight spreads are key, but not if you’re trades are being executed slowly. Blueberry Markets trade servers are held with Equinix with a high spec MT4 bridge connecting the trade server to the prime brokerage.
Even better, Blueberry also offer a free VPS to all live accounts!
3. CUSTOMER SERVICE
With more and more brokers popping up, the FOREX market is becoming a very competitive marketplace, which is only going to benefit you as a client.
Competition forces brokers to sharpen the pencil with tighter spreads and quicker execution. Furthermore, another key differentiator is customers service.
This has resulted in customer service becoming a key differentiator. Traders will go where they are understood, looked after, and ultimately, treated in the best way possible.
Blueberry Markets excels in servicing it’s clients, a highly skilled customer service team with many years of experience in FOREX markets.
Everywhere you look, it seems that everything this company does is aimed at improving the trader’s experience.
The final and one of the most important questions: How can you transfer a deposit into your account?
One way is to fund your account is via Bank Wire, but this may take 1–3 working days depending on the bank and where you are situated.
In today’s day and age, there are not only credit cards but also e-wallets. With Blueberry, you have the ability to fund your account with Skrill and China Union Pay, in addition to traditional credit card. Both Mastercard and Visa are accepted.
I started trading Forex back in 2001.
Since then I have seen many brokers rise and fall. I have worked for brokers, I have worked with brokers, I have liked some, I have hated others, but never has any broker satisfied all my quality criteria.
This investigation took me several months, and I was pleasantly surprised by the results. Blueberry Markets not only deliver on spreads and execution, but they are trustworthy and go above and beyond when it comes to customer service.
Let’s tally up the points for Blueberry Markets:
• Regulated by ASIC. This is a no-B.S. broker!
• Award for most “trustworthy” among current traders
2. Trading Conditions:
• Account Types: Two. Simple and to the point
• Spreads: Verified tight spreads, good for expert advisors
• Execution: High-spec trading infrastructure resulting in lightning execution plus a free VPS
3. Customer Service: A highly experienced team
4. Funding: Multiple funding methods allowing you to deposit and withdraw funds quickly.
That’s four points out of a possible four and a solid Five-Star review. Easily, the best I’ve seen.
That sums up this assessment. Personally, I’m very satisfied with Blueberry Markets and plan on growing my real trading account with them over the years to come.
Also, based on this review, Blueberry Markets is now officially the broker of choice for my website.
Click here to apply for a live trading account.
PS: If ever you realize that you need quality training in order to understand the markets better and to trade better, contact me for your training!
If you are having trouble signing up or require any assistance, please do not hesitate to contact us on email@example.com.
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The products and services discussed on this webpage are not solicited to S.A. customers.
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