Two brokers clash over trust, cost and platforms in a tight comparison. Alpari emphasizes history and offshore licensing; Blueberry leans on ASIC oversight and advanced trading tools.
Blueberry Markets edges Alpari International on editorial score, driven by ASIC regulation with Tier 1 protections and a broader platform offering including cTrader.
Find out which broker best suits your trader profile.
Choose Alpari International if…
Choose Alpari International if you value a 26-year brand history and a mature PAMM investor platform.
Choose Blueberry Markets if…
Choose Blueberry Markets if you want ASIC regulation, negative balance protection, and access to MT4, MT5 and cTrader.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Both brokers offer spreads from 0.00 pips.
| Editorial score | 3.9/ 5 | 4.3/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.7 / 5 | 4.5 / 5▲ |
Pros
26-year brand history in retail forex
Mature PAMM investor platform, one of the originals
ECN accounts with $6 per-lot commission competitive with top ECN desks
Wide geographic reach across CIS, MENA, and Africa
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Alpari International | Blueberry Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Fail |
The scores are close: Alpari International rates 3.9/5 and Blueberry Markets rates 4.3/5. Blueberry Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Both Alpari International and Blueberry Markets start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Alpari International has $5, while Blueberry Markets requires at least $100. This makes Alpari International more accessible for traders with limited starting capital.
Blueberry Markets holds top-tier regulation (ASIC, VFSC), providing stronger investor protections. Alpari International may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: Alpari International requires a lower minimum deposit ($5), lowering the barrier to entry, and Blueberry Markets provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
Alpari International lists maximum leverage of 1000:1, while Blueberry Markets lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Alpari International charges $6 per lot, lower than Blueberry Markets's $8 per lot. Lower commissions benefit active traders who execute many trades per day.
Alpari International supports MetaTrader 5, MetaTrader 4, while Blueberry Markets supports cTrader, MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. Blueberry Markets has exclusive access to cTrader.
Blueberry Markets wins for safety and regulation due to ASIC oversight and Tier 1 protections.
Blueberry Markets wins for active traders thanks to advanced charting tools and broader platform options.
Alpari International is better suited for scalpers: lower commission ($6/lot).
Blueberry Markets wins for platform choice with MT4, MT5 and cTrader.
Alpari International wins for beginners due to a $5 minimum deposit.
Blueberry Markets wins for instrument variety with 300 instruments.
Fees & Spreads 30% weight | 4.1 / 5 | 4.3 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.9 / 5 | 4.4 / 5▲ |
|---|
Customer Support 10% weight | 3.8 / 5 | 4.1 / 5▲ |
|---|
| Founded | 1998 | 2016 |
|---|
| Headquarters | Port Louis, Mauritius | Sydney, Australia |
|---|
| Min Deposit | $5▼ lower | $100 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $6/lot▼ lower | $8/lot |
|---|
| 0.6 pips▼ lower | 0.8 pips |
| Max Leverage | 1,000:1 | 500:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerWebMoneyCrypto | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerWebMoneyCrypto | Bank transferCredit card |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FSC FSCA | ASIC VFSC |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | cTrader MetaTrader 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
ASIC-regulated with Tier 1 investor protections
MT4, MT5, and cTrader all available
Raw ECN Direct account with published execution statistics
No bonus marketing, pure execution focus
Client funds held in segregated accounts
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Cons
FSC Mauritius licence, lower investor protection than FCA/ASIC/CySEC
Legacy of UK entity collapse in 2015 is a cautionary reference point
No top-tier regulatory licence for its core international client base
No negative balance protection
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Cons
$100 minimum deposit required
Limited product range, forex, indices, commodities, crypto only
No copy trading or social features
ECN commission slightly above the cheapest competitors
No investor compensation scheme
No proprietary platform
No phone support
Support available in limited languages
Dig deeper into each broker’s features, fees, and regulation.
Score 3.9 / 5
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