Blueberry Markets vs XM Forex Broker Comparison
A head-to-head comparison of Blueberry Markets and XM across regulation, trading costs, platforms, and editorial scoring.
Score 4.3 / 5
2 bonusesPure ASIC-regulated ECN broker with raw spreads from 0.0 pips and a $8 round-turn commission on the Direct account - a straightforward professional-grade execution desk without the marketing overhead of larger brokers.
VS
Our Verdict
Too close to call
Blueberry Markets and XM are extremely closely matched with scores of 4.3/5 and 4.3/5. The right choice depends on your individual trading priorities.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
Blueberry Markets offers tighter spreads from 0 pips vs 0.6 pips for XM, reducing trading costs.
Best for safety & regulation
Recommended
XM has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for active traders
Recommended
Blueberry Markets has a cost edge: raw/ECN spreads, tighter spreads from 0 pips.
Best for platform choice
Recommended
Blueberry Markets offers more exclusive platform options: cTrader.
Best for beginners
Recommended
Both brokers share the same editorial score of 4.3/5, but XM requires a lower minimum deposit ($5 vs $100 for Blueberry Markets), making it more accessible for new traders.
Blueberry Markets vs XM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.3/ 5 | 4.3/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5▲ | 4.3 / 5 |
Fees & Spreads 30% weight | 4.3 / 5 | 4.3 / 5 |
Platforms & Tools 20% weight | 4.4 / 5▲ | 4.2 / 5 |
Customer Support 10% weight | 4.1 / 5 | 4.4 / 5▲ |
| Founded | 2016 | 2009 |
| Headquarters | Sydney, Australia | Limassol, Cyprus |
| Min deposit | $100 | $5 |
| Spreads from | 0 pips | 0.6 pips |
| Commission / lot | $8/lot | N/A |
| Max leverage | 500:1 | 1000:1 |
| Withdrawal fee | Free | Free for most methods |
| Regulators | ASIC VFSC | ASIC CySEC ASF FSC KNF |
| Platforms | MetaTrader 4 MetaTrader 5 cTrader | MetaTrader 4 MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit Blueberry Markets | Visit XM |
Blueberry Markets vs XM Forex Broker Pros & Cons
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
Pros
USD 5 minimum deposit
Strong bonus program
Multilingual support
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
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
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
Spreads not as tight as ECN-style brokers
Not available to US clients
No raw spread account option
Inactivity fee applies
No proprietary platform
Blueberry Markets vs XM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
Blueberry Markets
criteria wins
3
XM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Blueberry Markets | XM |
|---|---|---|
| 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 | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| 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 |
Blueberry Markets vs XM: Frequently Asked Questions
Blueberry Markets and XM share the same editorial score of 4.3/5. The right choice depends on your priorities: trading costs, platform preference, or regulatory coverage.
Blueberry Markets offers tighter spreads starting from 0 pips, compared to XM's spreads from 0.6 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
XM has a lower minimum deposit of $5, while Blueberry Markets requires at least $100. This makes XM more accessible for traders with limited starting capital.
Both Blueberry Markets and XM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: XM has a lower minimum deposit ($5), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
Blueberry Markets offers maximum leverage of 500:1, while XM offers up to 1000:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Blueberry Markets charges $8 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
Blueberry Markets supports MetaTrader 4, MetaTrader 5, cTrader and XM offers MetaTrader 4, MetaTrader 5; both support MetaTrader 4, MetaTrader 5; Blueberry Markets exclusively offers cTrader.
Ready to get started?
Open an account directly with the broker that suits you best.
Score 4.3 / 5
More Broker Comparisons
More Blueberry Markets comparisons
More XM comparisons
Personalised recommendation
Not sure which broker is right for you?
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