Two ASIC-regulated brokers compete on cost, platforms, and instrument variety, exposing divergent strengths. The contrast tests execution, transparency, and breadth across these markets.
FP Markets wins on Editorial score (4.5 vs 4.3) with broader regulation (ASIC and CySEC) compared with Blueberry Markets (ASIC and VFSC).
Find out which broker best suits your trader profile.
Choose Blueberry Markets if…
Choose Blueberry Markets if you want VFSC regulation and a compact 300-instrument range.
Choose FP Markets if…
Choose FP Markets if you want broader regulation and access to 10,000 instruments across MT4, MT5, and IRESS.
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 | 4.5/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5 | 4.6 / 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 | FP Markets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| 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 | Pass |
| 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 FP Markets rates 4.5/5. FP 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 FP Markets start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Both Blueberry Markets and FP Markets require a minimum deposit of $100 to open a live trading account.
Both Blueberry Markets and FP Markets hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
Blueberry Markets lists maximum leverage of 500:1, while FP 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.
FP Markets charges $6 per lot, lower than Blueberry Markets's $8 per lot. Lower commissions benefit active traders who execute many trades per day.
Blueberry Markets supports cTrader, MetaTrader 5, MetaTrader 4, while FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4. Both provide cTrader and MetaTrader 5 and MetaTrader 4. FP Markets has exclusive access to IRESS and TradingView.
FP Markets wins for safety & regulation due to CySEC inclusion alongside ASIC.
FP Markets offers true ECN pricing with $6/lot vs Blueberry's $8/lot.
FP Markets is better suited for scalpers: lower commission ($6/lot).
FP Markets wins for platform choice with MT4/MT5 and cTrader plus TradingView and IRESS.
FP Markets wins for beginners with investor compensation, multilingual support, and phone access.
FP Markets leads with about 10,000 tradable instruments.
Fees & Spreads 30% weight | 4.3 / 5 | 4.5 / 5▲ |
|---|
Platforms & Tools 20% weight | 4.4 / 5 | 4.4 / 5 |
|---|
Customer Support 10% weight | 4.1 / 5 | 4.3 / 5▲ |
|---|
| Founded | 2016 | 2005 |
|---|
| Headquarters | Sydney, Australia | Sydney, Australia |
|---|
| Min Deposit | $100 | $100 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $8/lot | $6/lot▼ lower |
|---|
| 0.8 pips | 0.6 pips▼ lower |
| Max Leverage | 500:1 | 500:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit card | Bank transferCredit cardDebit cardSkrillNetellerPOLiPayPal |
|---|
| Withdrawal methods | Bank transferCredit card | Bank transferCredit cardSkrillNetellerPOLi |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC VFSC | ASIC CySEC |
|---|
| Platforms | cTrader MetaTrader 5 MetaTrader 4 | cTrader IRESS MetaTrader 5 TradingView 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
True ECN pricing from 0.0 pips + $6 round-turn commission
Supports MT4, MT5, and cTrader, all three major platforms
IRESS platform for direct-access share CFD trading
Strong ASIC and CySEC regulation
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
Raw spread account available
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
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
IRESS platform has a monthly fee for lower-volume traders
Customer support primarily oriented toward Australian trading hours
Not available to US residents
No proprietary platform
Dig deeper into each broker’s features, fees, and regulation.
Score 4.3 / 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