Blueberry Markets and TPFx present a contrast in model, regulation, and product reach. This matchup tests whether higher regulatory status and broader instrument access outweigh platform choices and domestic focus.
Blueberry Markets edges out TPFx in overall editorial score (4.3 vs 3.7) thanks to stronger regulation and broader instrument access.
Find out which broker best suits your trader profile.
Choose Blueberry Markets if…
Choose Blueberry Markets if you want top-tier regulation and a broad 300-instrument offer.
Choose TPFx if…
Choose TPFx if you require Indonesian regulation and a proprietary platform.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Blueberry Markets offers tighter spreads from 0.00 pips vs 1.50 pips for TPFx, reducing trading costs.
| Editorial score | 4.3/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5▲ | 3.7 / 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 | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| 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 | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
| Multilingual support | Fail | Fail |
Blueberry Markets rates 4.3/5 versus 3.7/5 for TPFx. Blueberry Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Blueberry Markets starts from 0 pips, tighter than TPFx's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
TPFx has $60, while Blueberry Markets requires at least $100. This makes TPFx more accessible for traders with limited starting capital.
Blueberry Markets holds top-tier regulation (ASIC, VFSC), providing stronger investor protections. TPFx 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: TPFx requires a lower minimum deposit ($60), 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.
Blueberry Markets lists maximum leverage of 500:1, while TPFx lists up to 100:1. 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 on commission-based accounts. Commission details for TPFx are not currently available. Check their website for up-to-date pricing.
Blueberry Markets supports cTrader, MetaTrader 5, MetaTrader 4, while TPFx supports MetaTrader 5, Proprietary Web/Mobile. Both provide MetaTrader 5. Blueberry Markets has exclusive access to cTrader and MetaTrader 4. TPFx has exclusive access to Proprietary Web/Mobile.
Blueberry Markets is safer for regulation with ASIC licensing and segregated client funds.
Blueberry Markets suits active traders with raw spreads and ECN execution.
Blueberry Markets is better suited for scalpers: tighter spreads from 0.00 pips.
Blueberry Markets offers MT4, MT5 and cTrader, broad platform options.
Blueberry Markets is best for beginners due to strong protections like negative balance protection and segregated funds.
Blueberry Markets wins for instrument variety with 300 instruments.
Fees & Spreads 30% weight | 4.3 / 5▲ | 3.7 / 5 |
|---|
Platforms & Tools 20% weight | 4.4 / 5▲ | 3.7 / 5 |
|---|
Customer Support 10% weight | 4.1 / 5▲ | 3.7 / 5 |
|---|
| Founded | 2016 | 2010 |
|---|
| Headquarters | Sydney, Australia | Jakarta, Indonesia |
|---|
| Min Deposit | $100 | $60▼ lower |
|---|
| Spreads From | 0 pips▼ lower | 1.5 pips |
|---|
| Commission / lot | $8/lot | N/A |
|---|
| 0.8 pips | N/A |
| Max Leverage | 500:1▲ higher | 100:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit card | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit card | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC VFSC | BAPPEBTI OJK |
|---|
| Platforms | cTrader MetaTrader 5 MetaTrader 4 | MetaTrader 5 Proprietary Web/Mobile |
|---|
| 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
BAPPEBTI-licensed and OJK-registered, full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
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
Only available to Indonesian residents, no international clients
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
Dig deeper into each broker’s features, fees, and regulation.
Score 3.7 / 5
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