Blueberry MarketsForex Broker ReviewUp to 500:1 leverage

Pure ASIC-regulated ECN execution

Blueberry Markets runs a straightforward proposition: ASIC regulation (513199), raw spreads on MT4, MT5, and cTrader, and no marketing fluff. The Direct ECN account delivers spreads from 0.0 pips on EUR/USD, competitive for an ASIC-regulated ECN desk, with an $8 round-turn commission. The focus is execution quality, with no bonuses, social trading, or proprietary platform overhead. Minimum deposit $100, leverage up to 500:1 on the standard account.

Execution quality

Blueberry Markets publishes average execution speed and spread statistics for the Direct account, a transparency commitment that most brokers in this category do not make. The Direct account routes to multiple liquidity providers with no dealing desk intervention. For traders who want verifiable execution data before committing capital, this is a meaningful differentiator over competitors who only provide headline spread figures.

ASIC primary and VFSC offshore: Tier 1 plus offshore access

ASIC (513199) is the primary licence, providing Tier 1 investor protections including mandatory segregation of client funds. A VFSC entity serves offshore clients with a different protection profile. Negative balance protection is in place; there is no government-backed compensation scheme equivalent to the UK FSCS.

Where it falls short

The $8 round-turn commission on the Direct account is above Fusion Markets ($4.50) and FXOpen ($3) for comparable ECN-style execution. English-only support via live chat, no phone support and no multilingual assistance. Product range limited to forex, indices, commodities, and crypto; no stocks or bonds.

Bottom line

Blueberry Markets suits cost-focused professional traders in Australia and internationally who want ASIC regulation, verifiable execution transparency, and a clean ECN desk across MT4, MT5, and cTrader, without proprietary platform overhead.