Dive into our comprehensive comparison of Blueberry Markets and AvaTrade. We cover everything from trading costs and platforms to account types and customer service, helping you make an informed decision.
Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.
When it comes to forex trading, choosing the right broker can make all the difference. Today, we’re comparing two popular choices: Blueberry Markets and AvaTrade. Blueberry Markets, an Australian broker, is known for its competitive spreads and excellent customer service. On the other hand, AvaTrade, an Irish broker, is recognized for its diverse trading platforms and extensive educational resources. Both brokers are regulated and offer a range of trading instruments, but they cater to different types of traders with their unique offerings.
Trading costs can significantly impact your profitability in forex trading. Let’s delve into the trading costs associated with Blueberry Markets and AvaTrade.
Average spreads are a critical factor when comparing forex brokers as they directly impact your trading costs. According to our exclusive research, Blueberry Markets offers an average spread of 1.0 pips on its standard account. AvaTrade, however, offers fixed spreads starting from 0.9 pips on their standard account. Tight spreads are important as they reduce the cost of trading and can significantly impact your profitability, especially for high-volume traders.
| Broker | Average Spread |
|---|---|
| Blueberry Markets | 1.0 pips |
| AvaTrade | 0.9 pips |
For traders looking for even lower spreads, Blueberry Markets offers a RAW account with spreads starting from 0.0 pips, plus a commission of $7 per lot. AvaTrade doesn’t offer a comparable account type with raw spreads. Our exclusive research shows that raw spreads can significantly reduce trading costs for high-volume traders.
Blueberry Markets charges a commission on its RAW account, but its standard account is commission-free. AvaTrade, on the other hand, operates on a commission-free model across all its account types. According to our exclusive research, commission rates can significantly impact your trading costs, especially for high-volume traders.
| Broker | Commission (Per Side USD) | Commission (Round Turn USD) |
|---|---|---|
| Blueberry Markets | $3.5 | $7 |
| AvaTrade | $0 | $0 |
Verdict: When it comes to trading costs, Blueberry Markets offers more flexibility with its two account types. However, AvaTrade’s fixed spreads on its standard account could be more beneficial for some traders. It ultimately depends on your trading style and volume.
| Criteria | Blueberry Markets | AvaTrade |
|---|---|---|
| Standard Account Spreads | From 1.0 pips | Fixed, from 0.9 pips |
| RAW Account Spreads | From 0.0 pips + $7/lot commission | N/A |
| Commission | On RAW account | None |
| Deposit & Withdrawal Fees | None | None |
| Other Fees | None | None |
Trust and regulation are crucial factors when choosing a forex broker. Both Blueberry Markets and AvaTrade are regulated by multiple top-tier authorities, ensuring a high level of trust and security for traders.
Blueberry Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
AvaTrade, on the other hand, is regulated by several entities including:
Verdict: While both brokers are well-regulated, AvaTrade has a broaderregulatory oversight, which might appeal to traders who value stringent regulation for added security.
| Broker | Regulators |
|---|---|
| Blueberry Markets | ASIC, VFSC |
| AvaTrade | Central Bank of Ireland, KNF, ASIC, FSA, FFA, FSCA, British Virgin Islands Financial Services Commission, ADGM FSRA |
Trading platforms are the gateway to the forex market, and the right platform can enhance your trading experience significantly.
Both Blueberry Markets and AvaTrade offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the most popular forex trading platforms in the industry. These platforms are known for their advanced charting tools, automated trading capabilities, and customisable interface.
Blueberry Markets also offers cTrader, a platform known for its intuitive interface and advanced order capabilities. AvaTrade, however, does not offer cTrader but provides access to TradingView, a social networking and data analysis tool for traders.
| Criteria | Blueberry Markets | AvaTrade |
|---|---|---|
| MetaTrader 4 and 5 | Yes | Yes |
| cTrader and TradingView | cTrader | TradingView |
| Social and Copy Trading | Via MT4/MT5 | AvaSocial |
| VPS and Other Tools | Yes | Yes |
AvaTrade stands out with its proprietary social and copy trading platform, AvaSocial. This platform allows traders to follow and copy the trades of experienced traders. Blueberry Markets does not offer a dedicated social trading platform but supports copy trading through MT4 and MT5.
Both brokers offer VPS services for uninterrupted trading and a range of other trading tools such as economic calendars, market news, and analysis.
| Broker | Limit Order Speed | Market Order Speed |
|---|---|---|
| Blueberry Markets | 82 ms | 90 ms |
| AvaTrade | N/A | N/A |
Verdict: Both brokers offer robust trading platforms, but AvaTrade’s offering of AvaSocial might be a deciding factor for traders interested in social and copy trading.
A good trading environment can significantly enhance your trading experience. Factors such as execution speeds, slippage, and latency can impact your trading results. According to our research on execution speeds, both Blueberry Markets and AvaTrade offer a solid trading environment with fast execution speeds and minimal slippage.
Verdict: Both brokers provide a high-quality trading environment, but your personal experience may vary depending on your trading style and strategy.
Blueberry Markets offers two account types: Standard and RAW. The Standard account offers spreads from 1.0 pips with no commission, while the RAW account offers spreads from 0.0 pips with a $7 per lot commission.
AvaTrade offers a standard account with fixed spreads from 0.9 pips. They also offer a professional account for experienced traders with lower spreads and higher leverage.
Verdict: Blueberry Markets offers more flexibility with its two account types, but AvaTrade’s professional account might be more suitable for experienced traders.
| Broker | Account Types |
|---|---|
| Blueberry Markets | Standard, RAW |
| AvaTrade | Standard, Professional |
Both Blueberry Markets and AvaTrade offer 24/5 customer support via live chat, email, and phone. They also provide extensive educational resources for both beginner and experienced traders. However, Blueberry Markets stands out with its personalised customerservice and quick response times.
Verdict: While both brokers offer comprehensive customer support, Blueberry Markets’ personalised service gives it an edge.
Blueberry Markets has a minimum deposit requirement of $100 for both its account types. AvaTrade, on the other hand, requires a minimum deposit of $100 for its standard account and $1000 for its professional account.
Both brokers offer a range of payment methods including credit card, bank transfer, and e-wallets such as Skrill and Neteller. Blueberry Markets also accepts Bitcoin payments, which might be a plus for some traders.
Other factors to consider include the range of trading instruments offered and the leverage available. Both brokers offer a wide range of currency pairs, commodities, indices, and CFDs. Leverage varies depending on the account type and the trader’s experience level.
Verdict: Both brokers offer a good range of trading conditions, but the choice would depend on individual preferences and trading needs.
| Criteria | Blueberry Markets | AvaTrade |
|---|---|---|
| Minimum Deposit | $100 | $100 (Standard), $1000 (Professional) |
| Payment Methods | Credit Card, Bank Transfer, E-Wallets, Bitcoin | Credit Card, Bank Transfer, E-Wallets |
| Other Factors | Wide range of instruments, variable leverage | Wide range of instruments, variable leverage |
Best For Beginner Traders
For beginner traders, Blueberry Markets is the better choice. With its low minimum deposit requirement, competitive spreads, and excellent customer service, it provides a supportive environment for new traders to learn and grow.
Best For Experienced Traders
For experienced traders, AvaTrade might be more suitable. With its diverse trading platforms, extensive educational resources, and professional account offering lower spreads and higher leverage, it caters well to the needs of seasoned traders.
| Criteria | Blueberry Markets | AvaTrade |
|---|---|---|
| Beginner Traders | ✔️ | |
| Experienced Traders | ✔️ |
Here is a detailed comparison table of the two brokers:
| Criteria | Blueberry Markets | AvaTrade |
|---|---|---|
| Regulators | ASIC, VFSC | Central Bank of Ireland, KNF, ASIC, FSA, FFA, FSCA, British Virgin Islands Financial Services Commission, ADGM FSRA |
| Trading Platforms | MT4, MT5, cTrader | MT4, MT5, TradingView, AvaSocial |
| Account Types | Standard, RAW | Standard, Professional |
| Minimum |
Blueberry Markets is a better choice for beginner traders due to its low minimum deposit requirement, competitive spreads, and excellent customer service.
AvaTrade might be more suitable for experienced traders due to its diverse trading platforms, extensive educational resources, and professional account offering lower spreads and higher leverage.
