Our in-depth analysis of both Blueberry Markets and FOREX.com reveals many insights. The information gathered in this review will definitely equip traders, both new and experienced, for a better trading experience. So, which broker suits your taste? Read on.
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Our comprehensive comparison covers the 10 most important trading factors, providing a detailed look into Blueberry Markets and FOREX.com.
For this review, it’s evident that the standard account (no commission) spreads are a crucial factor in forex trading when it comes to trading costs. Based on both brokers’ published average spreads, Blueberry Markets offers a competitive edge over FOREX.com, albeit marginally. Particularly in the “Top 5 Most Traded Average Spread,” FOREX.com has a slight advantage with a 1.45 average spread to Blueberry Markets’s 1.53 for major pairs.
Here’s a table showing the two brokers’ spread for each forex pair and the industry average for that pair:
| Standard Account | Blueberry Markets Spreads | FOREX.com Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.53 | 1.45 | 1.6 |
| EUR/USD | 1.2 | 1.2 | 1.2 |
| USD/JPY | 1.5 | 1.1 | 1.4 |
| GBP/USD | 1.4 | 1.1 | 1.6 |
| AUD/USD | 1.5 | 1.7 | 1.5 |
| USD/CAD | 1.5 | 2 | 1.8 |
| EUR/GBP | 1.3 | 1.3 | 1.5 |
| EUR/JPY | 2 | 1.5 | 1.9 |
| AUD/JPY | 1.8 | 1.7 | 2.1 |
Our own Ross Collins tested standard accounts, and the results were consistent with the published data. Blueberry Markets scored slightly better in the “Tested Standard Spreads” category, reinforcing its position as a preferred choice for traders looking for tight spreads. [1]January 2025 Published And Tested Data
We made a fee calculator to show how lower spreads affect trading costs. Choose your base currency, trade size, and currency pair to find out the fee.
Deposit & Withdrawal Fees
Both Blueberry Markets and FOREX.com offer free deposits. However, Blueberry Markets charges a 1% currency conversion fee, while FOREX.com does not charge any withdrawal fees.
Other Fees
Other fees to consider include the “Inactivity Fee,” “Currency Conversion,” and “Overnight Fee (Swap Free).” Blueberry Markets charges no inactivity fee, while FOREX.com charges $15/mo after 1 year. Both brokers have dynamic overnight fees.
It’s safe to surmise that Blueberry Markets emerges as the broker with the lowest fees based on the comprehensive analysis from above. From Standard and RAW account spreads to commission rates and other fees, Blueberry Markets consistently offers more competitive pricing. The slight edge in various categories makes it a preferred choice for traders looking for cost-effective forex trading.
Verdict
Blueberry Markets shines in this aspect due to their lowest spreads and fees.
Blueberry Markets ReviewVisit Blueberry Markets
Trading platforms are the gateway to the forex market. For it enhances trader experience, while it provides traders with advanced tools and faster execution. Let’s compare the platforms offered by Blueberry Markets and FOREX.com to see which broker provides a superior trading experience.
| Trading Platform | Blueberry Markets | FOREX.com |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | No | No |
| TradingView | No | Yes |
| Copy Trading | Yes | Yes |
| Proprietary Platform | No | Yes |
1. MetaTrader 4 and MetaTrader 5
Both Blueberry Markets and FOREX.com offer MetaTrader 4 and MetaTrader 5, two popular platforms for forex trading. Blueberry Markets provides additional features like free VPS, while FOREX.com offers advanced charting tools.
2. cTrader and TradingView
Blueberry Markets is a MetaTrader-only broker, so it doesn’t offer any other platform. FOREX.com does not offer cTrader but provides TradingView integration with its proprietary platform, allowing for extensive market analysis and charting tools.
3. Social Trading And Copy Trading
Both Blueberry Markets and FOREX.com support social trading and copy trading through MetaTrader Signals, though most MetaTrader brokers do.
4. VPS and Other Trading Tools
Blueberry Markets offers free VPS and other trading tools, enhancing the trading experience. FOREX.com provides a high level of customisation, but lacks free VPS services. To use FOREX.com’s MT4 EA VPS service, you must trade at least a notional volume of $500,000 per month.
We can assume that both brokers offer a good trading platform experience. Blueberry Markets excels in its MetaTrader offering and free VPS services, while FOREX.com offers its own excellent proprietary platform as well as MT4. Which broker is better will depend on your preferred platform and what trading tools you like to utilise.
Verdict:
It’s a draw for both Blueberry Markets and FOREX.com owing to their better trading platforms.Account types are essential in catering to different trading needs. Always remember that the more superior a broker accounts and features are the more brokers attract a diverse and wide range of traders, beginners or seasoned. Let’s compare the trading accounts and base currencies offered by Blueberry Markets and FOREX.com.
| Blackbull Markets | FOREX.com | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | Yes | Yes |
| Active Traders | Yes | Yes |
| Spread Betting (UK) | No | No |
1. Trading Accounts
Blueberry Markets offers Standard and RAW accounts, while FOREX.com provides Standard or MetaTrader 4 and RAW Pricing (U.S./Canada only) and DMA (UK/Europe) accounts.
2. Base Currencies
Both brokers offer multiple base currencies, including USD, EUR, GBP, and AUD.
Verdict:
FOREX.com comes out on top here due to their superior accounts and features.FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
Our hands-on evaluation of Blueberry Markets and FOREX.com has given us a clear insight into which broker provides a superior trading experience. It’s the smooth transition from analysis to execution and the quality of the tools that make a real difference.
Blueberry Markets impresses with its MetaTrader platforms, known for their reliability and comprehensive features. These platforms are straightforward, which is particularly advantageous for those new to trading or who favour an uncomplicated approach. But FOREX.com catches up with their standard accounts and RAW accounts as well as swap free accounts; this is designed with Islamic finance principles.
FOREX.com, with its bespoke platform and TradingView integration, serves well those who seek depth in analysis and a customisable interface. The platform’s design is sophisticated, and the tools are refined, which might appeal more to the seasoned trader who requires a tailored trading environment.
With these large data given, it is safe to say that Blueberry Markets is favoured for the best trading experience, with its intuitive platforms and the bonus of a free VPS, making it an excellent choice for both novice and experienced traders.
| Limit Order Speed | Limit Order Global Rank | Market Order Speed | Market Order Global Rank | |
|---|---|---|---|---|
| Blueberry Markets | 88ms | 6/36 | 94ms | 7/36 |
| FOREX.com | 98ms | 13/36 | 88ms | 4/36 |
Verdict:
Blueberry Markets secure the top spot here owing to their best trading experience.It is important, in the business of forex trading, for brokers to have strong trust and regulation due to the fact that it ensures a secure as well as having a transparent trading environment, which builds confidence in trading while attracting more traders at the same time. So, broker trust is truly paramount in forex trading.
FOREX.com Trust Score
Blueberry Markets Trust Score
Let’s explore the regulations governing Blueberry Markets and FOREX.com to determine which broker you can trust more.
1. Blueberry Markets Regulation
Blueberry Markets is regulated by the Australian Securities and Investment Committee (ASIC) and the Vanuatu Financial Services Commission (VFSC). These regulations ensure that the broker adheres to specific standards and practices, safeguarding clients’ interests, with one tier-1 regulator (ASIC).
2. FOREX.com Regulation
FOREX.com, on the other hand, is regulated by multiple tier-1 regulators, including the FCA, ASIC, and CFTC. These regulators are known for their stringent requirements, adding to the credibility of FOREX.com.
3. Trust Comparison
Based on the regulation information, FOREX.com has a more powerful regulatory framework. With multiple tier-1 regulators overseeing its operations, FOREX.com has a higher trust score. Please note having fewer regulators doesn’t make Blueberry Markets less trustworthy; it simply means the broker offers trading services to fewer regions around the world.
Verdict:
FOREX.com shines in this category owing to their stronger trust and regulation.| Blueberry Markets | FOREX.com | |
|---|---|---|
| Tier 1 Regulation | ASIC (Australia) | FCA (UK) CIRO (CANADA) NFA/CFTC (USA) CYSEC (Cyprus) |
| Tier 2 Regulation | JFSA (Japan) | |
| Tier 3 Regulation | SVG-FSA | CIMA (Cayman) |
FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
We compared Blueberry Markets and FOREX.com to identify which broker offers the broadest range of markets. This analysis is important for traders seeking diverse portfolios and access to various trading instruments, focusing on CFDs, market access, and product range.
Blueberry Markets offers a respectable selection of markets, including over 300 share CFDs and a solid range of commodity and index CFDs. FOREX.com, however, extends its products significantly, boasting over 220 share CFDs and a broader spectrum of commodities and indices. The detailed comparison is presented in the table below:
| CFDs | Blueberry Markets | FOREX.com |
|---|---|---|
| Forex Pairs | 38 | 91 |
| Indices | 19 | 17 |
| Commodities | 9 Metals (Gold x 7 Currencies) (Silver x 6 Currencies) 3 Energies | 2 Metals (6 Gold crosses (2 Silver crosses) 2 Energies 2 Softs |
| Cryptocurrencies | 10 | 8 |
| Shares | 300+ | 220 |
| ETFs | 140 | No |
| Bonds/Treasuries | No | No |
| Other Products(Options,Futures) | No | No |
Verdict:
FOREX.com outperforms in this department due to their CFD product range and financial markets.FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
Educational resources are vital in the world of forex trading, and this move will equip traders, beginners or seasoned, with the knowledge and skills to create a better trading experience.
Below, we compare the educational features of Blueberry Markets and FOREX.com:
Blueberry Markets:
FOREX.com:
Evidently, FOREX.com offers superior educational resources compared to Blueberry Markets. With a more diverse range of learning materials and the support of an in-house analyst team, FOREX.com provides a more comprehensive educational environment, as reflected by the higher total score in our testing.
Verdict:
FOREX.com unquestionably leads in this area by the reason of having superior educational resources.FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
Having a reliable customer service and support is truly an ace when it comes to forex trading. This feature helps resolve technical issues while providing guidance and information, which will enhance more the overall trading experience of traders, beginners or seasoned.
Blueberry Markets offers 24/7 customer support through live chat, email, and phone. FOREX.com provides 24/5 support, including live chat, phone, and social media. Where Blueberry Markets stands out is in its excellent customer service knowledge, better coverage and a dedicated account manager should you need one. This is why we scored Blueberry Markets an 8/10 compared with FOREX.com’s average 6/10 for customer support.
Verdict:
Blueberry Markets brings home the accolade on account of having better customer service.| Customer Support Features | Blueberry Markets | FOREX.com |
|---|---|---|
| Live Chat | 24/7 | 24/5 |
| Email Support | Yes | No |
| Phone Support | Yes | Yes |
| Social Media Support | Yes | Yes |
Blueberry Markets shines with a high score of 11.50, indicating a wide range of funding options that cater to the needs of global traders. They support major credit cards, wire transfers, and even PayPal, along with other digital wallets. This ensures that traders from different regions can find a payment method that suits their preferences.
FOREX.com, with a score of 5.30, also provides several mainstream funding options such as Visa/MasterCard and wire transfers. However, they do not offer as many alternatives as Blueberry Markets, which may limit traders who prefer more diverse or localised payment methods. The table below summarises the funding options available with both brokers, providing a clear comparison for potential traders.
| Funding Option | Blueberry Markets | FOREX.com |
|---|---|---|
| Base Currencies | Yes | Yes |
| Visa/MasterCard | Yes | Yes |
| Wire Transfer | Yes | Yes |
| PayPal | No | No |
| Neteller | Yes | Yes |
| Skrill | Yes | Yes |
| Rapid Pay EUR/GBP | No | No |
| POLi / bPay AU/NZ | Yes | No |
| Klarna | No | No |
| Other methods | Yes | Yes |
We can surmise that Blueberry Markets offers the best funding options, with a comprehensive range of payment methods that cater to a global audience, ensuring that traders can deposit and withdraw funds with ease.
Verdict:
Blueberry Markets truly dominates this category in light of having more funding options.The initial deposit is essential for many traders, particularly beginners or those with limited funds. A lower minimum deposit fosters inclusivity by enabling access to markets without significant financial barriers.
Blueberry Markets has a low minimum deposit of $100 for Standard and Blueberry Direct accounts, making it an accessible option for newcomers or those wanting to try a new broker without a significant financial commitment.
FOREX.com offers a Standard account with a minimum deposit of $100, similar to Blueberry Markets. In contrast, the Direct Market Access (DMA) account requires a minimum deposit of $25,000, targeting experienced traders seeking deeper market engagement.
The table below provides a clear comparison of the minimum deposit amounts required by each broker for their respective account types:
| Account Type | Blueberry Markets | FOREX.com |
|---|---|---|
| Standard | $100 | $100 |
| Blueberry Direct | $100 | N/A |
| DMA | N/A | $25,000 |
In conjecture, Blueberry Markets offers a lower and more uniform minimum deposit requirement across its account types, making it a more accessible broker for all levels of traders.
Verdict:
Blueberry Markets excels in this field in light of having lower minimum deposit.Blueberry Markets really performed well due to its consistency while offering a more accessible and user-friendly trading environment across several key areas. FOREX.com, on the other hand, excels in educational resources, product range, and regulatory trust.
In this case, Blueberry Markets takes the lead with lower spreads and fees, a better trading experience, superior customer service, more favourable funding options, and a lower minimum deposit requirement.
The table below summarises the key information leading to this verdict:
| Criteria | Blueberry Markets | FOREX.com |
|---|---|---|
| Lowest Spreads And Fees | Yes | No |
| Better Trading Platform | No | No |
| Superior Accounts And Features | No | Yes |
| Best Trading Experience And Ease | Yes | No |
| Stronger Trust And Regulation | No | Yes |
| Top Product Range And CFD Markets | No | Yes |
| Superior Educational Resources | No | Yes |
| Superior Customer Service | Yes | No |
| Better Funding Options | Yes | No |
| Lower Minimum Deposit | Yes | No |
Blueberry Markets is better for beginner traders, offering a more approachable entry point with lower minimum deposits and a user-friendly trading experience.
FOREX.com is better for experienced traders, providing superior educational resources, a wider range of products, and strong regulatory trust.
Blueberry Markets generally has lower costs. They offer competitive spreads starting from 0 pips on major currency pairs. For traders looking to minimise expenses, Blueberry Markets provides a cost-effective solution. On average, their EUR/USD spread is as low as 0.1 pips, which is significantly lower than the industry average. For more detailed spread data, traders can explore the Lowest Spread Forex Brokers, which highlight brokers with the most competitive rates.
Both Blueberry Markets and FOREX.com offer MetaTrader 4, but Blueberry Markets is often preferred for its enhanced MT4 trading conditions. They provide customised solutions and additional plugins to optimise the trading experience. To compare the full range of MetaTrader 4 features, including custom indicators and expert advisors, visit the best MT4 brokers page.
FOREX.com offers social trading, allowing traders to follow and copy the trades of experienced market participants. This feature is particularly beneficial for new traders looking to learn from seasoned professionals. For those interested in exploring various platforms that facilitate social trading, check out the best social trading platforms.
Neither Blueberry Markets nor FOREX.com currently offer spread betting. Spread betting is a form of derivatives trading popular in the UK, allowing traders to bet on the price movements of financial instruments. For those interested in this kind of trading, it’s essential to choose a broker that specialises in spread betting services. You can find a list of such brokers on the best spread betting broker page.
In my opinion, Blueberry Markets stands out for Australian Forex traders. They are ASIC regulated, ensuring compliance with stringent financial standards and offering a layer of security for traders. Founded in Australia, they have a strong local presence and a deep understanding of the Australian trading environment. For those looking to explore further, the Best Forex Brokers In Australia page provides additional insights into the best brokers in the region.
For UK Forex traders, FOREX.com is superior in my view. They are regulated by the FCA, providing a high level of trust and financial protection. Although not founded in the UK, their global presence and adherence to FCA regulations make them a solid choice for UK traders. For more information on trading in the UK, including platform and app options, visit the Best Forex Brokers In UK page.
No commission account spread proprietary testing data and published website spread information, centralised on our Standard Account Spreads page.
Raw account spreads (no commission) published on each broker's website (updated monthly) plus our proprietary tests by Ross Collins.
Raw Account Spreads
Published commission rates taken from each broker's website (updated monthly) for each base currency rate.
Commission Fees
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