Two brokers are compared on regulation, costs, and platform depth. The clash between Blueberry Markets and FBS tests which delivers stronger execution and trust for active traders.
Blueberry Markets edges FBS on the editorial score, supported by ASIC regulation with Tier 1 protections and transparent raw-spread ECN execution.
Find out which broker best suits your trader profile.
Choose Blueberry Markets if…
Choose Blueberry Markets if you want ASIC regulation and a pure ECN execution model.
Choose FBS if…
Choose FBS if you want a very low $1 minimum deposit on Cent accounts.
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 | 4.3/ 5 | 3.9/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5▲ | 3.5 / 5 |
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
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Blueberry Markets | FBS |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | 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 | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Fail | Pass |
The scores are close: Blueberry Markets rates 4.3/5 and FBS rates 3.9/5. 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 Blueberry Markets and FBS start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
FBS has $1, while Blueberry Markets requires at least $100. This makes FBS more accessible for traders with limited starting capital.
Blueberry Markets holds top-tier regulation (ASIC, VFSC), providing stronger investor protections. FBS 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: FBS requires a lower minimum deposit ($1), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
Blueberry Markets lists maximum leverage of 500:1, while FBS lists up to 3000:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Blueberry Markets charges $8 per lot, lower than FBS's $20 per lot. Lower commissions benefit active traders who execute many trades per day.
Blueberry Markets supports cTrader, MetaTrader 5, MetaTrader 4, while FBS supports 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 protection and client funds segregation.
Blueberry Markets is best for active traders with raw spreads and ECN execution.
Blueberry Markets is better suited for scalpers: lower commission ($8/lot).
Blueberry Markets wins platform choice by offering MT4, MT5 and cTrader.
FBS wins for beginners with a $1 minimum deposit and multilingual support.
Fees & Spreads 30% weight | 4.3 / 5▲ | 4.0 / 5 |
|---|
Platforms & Tools 20% weight | 4.4 / 5▲ | 3.8 / 5 |
|---|
Customer Support 10% weight | 4.1 / 5▲ | 4.0 / 5 |
|---|
| Founded | 2016 | 2009 |
|---|
| Headquarters | Sydney, Australia | Belize City, Belize |
|---|
| Min Deposit | $100 | $1▼ lower |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $8/lot▼ lower | $20/lot |
|---|
| 0.8 pips▼ lower | 2 pips |
| Max Leverage | 500:1▲ higher | 3,000:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit card | Bank transferCredit cardDebit cardSkrillNetellerFasaPayPerfect Money |
|---|
| Withdrawal methods | Bank transferCredit card | Bank transferCredit cardSkrillNetellerFasaPayPerfect Money |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC VFSC | FSCA CySEC IFSC |
|---|
| Platforms | cTrader MetaTrader 5 MetaTrader 4 | MetaTrader 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
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
Pros
Very low $1 minimum deposit on Cent accounts
MT4 and MT5 on all account types
Multiple account types including Cent, Zero Spread, and ECN
Widely available across Southeast Asia, MENA, and Africa
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
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
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
Cons
Primary entity uses IFSC Belize, offshore, limited investor protection
Bonus turnover requirements are onerous
Very high leverage (3000:1) is a significant risk factor for retail clients
No top-tier regulatory licence
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Dig deeper into each broker’s features, fees, and regulation.
Score 3.9 / 5
Personalised recommendation
Answer 6 quick questions and we’ll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker