Compare Blueberry Markets and ThinkMarkets across key criteria like trading costs, platforms, regulation, and more. Find the best broker for your trading needs.
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We have conducted a thorough comparison between Blueberry Markets from Sydney, Australia, and ThinkMarkets from London, UK. While both brokers charge a commission fee of $3.50 per side, ThinkMarkets generally offers lower spreads. Additionally, ThinkMarkets operates as a no dealing desk broker, whereas Blueberry Markets provides ultra-tight spreads through an ECN trading environment.
Blueberry Markets has a minimum deposit requirement of $100 for its accounts. On the other hand, ThinkMarkets offers a Standard account with no minimum deposit and a ThinkZero account that requires a $500 minimum deposit. ThinkMarkets is regulated by multiple authorities such as FCA, ASIC, and FSCA, while Blueberry Markets is regulated only by ASIC.
Blueberry Markets and ThinkMarkets both offer two pricing options: a standard account with zero-commission trading and slightly higher spreads, and an account with lower spreads with a commission per trade. Try the ThinkMarkets vs Blueberry Markets fee calculator below to assess the trading costs between these two brokers.
When we compare these two brokers to the industry average, both of them perform quite well. Blueberry Markets has a lower spread than the industry average for the AUD/USD pair, while ThinkMarkets beats the industry average for the EUR/GBP and EUR/JPY pairs. This indicates that both brokers offer competitive spreads, but the most suitable option depends on the forex pairs you trade frequently.
Avg. spreads are taken from each broker's website and updated monthly. Last update on 12/01/2024
No Commission Spreads: Standard Accounts
1.20
1.10
1.70
2.90
2.20
1.10
1.10
1.10
1.20
1.20
0.62
0.77
1.27
1.30
0.85
0.93
0.92
0.98
1.31
0.98
1.00
1.20
1.00
1.20
1.00
0.80
1.20
1.20
1.50
1.20
1.00
1.00
1.20
N/A
1.10
0.80
1.00
1.00
1.50
1.60
0.90
1.20
2.10
1.10
1.30
0.90
1.10
1.60
1.80
1.50
1.00
1.11
N/A
1.30
1.28
0.84
0.83
1.79
2.32
1.92
1.20
1.30
1.20
1.20
1.30
1.20
1.30
1.50
1.70
1.20
Blueberry Markets has a slightly higher spread for the EUR/USD and USD/JPY pairs but outperforms ThinkMarkets in the AUD/USD pair. This suggests that Blueberry Markets might be better for traders who frequently trade these pairs.
| Forex Pair | Blueberry Markets | ThinkMarkets | Industry Average |
|---|---|---|---|
| EUR/USD | 0.21 | 0.11 | 1.18 |
| USD/JPY | 0.54 | 0.15 | 1.37 |
| GBP/USD | 0.48 | 0.81 | 1.51 |
| AUD/USD | 0.24 | 0.57 | 1.41 |
| USD/CAD | 0.83 | 0.95 | 1.70 |
| EUR/GBP | 0.67 | 1.45 | 1.56 |
| EUR/JPY | 1.53 | 0.95 | 1.85 |
| AUD/JPY | 5.07 | 1.70 | 2.09 |
Standard Account Analysis Updated December 2024[1]December 2024 Published And Tested Data
Blueberry Markets Spreads
The broker provides access to 300+ trading instruments across 5 asset classes via 2 popular trading platforms – MetaTrader 4 and MetaTrader 5, with low spreads starting at 1.0 pip on major currency pairs. Blueberry Markets has average spreads and a round-turn commission rate of $7, which is in line with industry standards.
The Standard account has a higher spread markup, while the Professional account sources quotes directly from 12 tier-one liquidity providers.
ThinkMarkets Spreads
ThinkMarkets provides highly competitive spreads for two of its account types – Standard and ThinkZero. The spreads for a standard account are wider as there are no commission costs involved. On the other hand, ThinkZero spreads have ECN pricing and can be as low as 0 pips.
Commission Rates
When it comes to commission rates, Blueberry Markets charges $7 per round turn, while ThinkMarkets charges $3.5 per side.
Other Fees
Neither Blueberry Markets nor ThinkMarkets charge inactivity fees, which is a plus for traders who may not trade regularly.
Verdict
When it comes to trading costs, ThinkMarkets edges out Blueberry Markets with its lower spreads and competitive commission rates.
Both Blueberry Markets and ThinkMarkets offer MetaTrader4 and MetaTrader5, but only ThinkMarkets has a proprietary platform. Neither broker offers cTrader or Tradingview.
| Trading Platform | Blueberry Markets | ThinkMarkets |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | No | No |
| TradingView | No | Yes |
| Copy Trading | Yes | Yes |
| Proprietary Platform | No | Yes |
MetaTrader4 and MetaTrader5
Both Blueberry Markets and ThinkMarkets offer the popular MT4 and MT5 platforms, catering to a diverse range of traders.
Blueberry Markets’ MT4 provides a comprehensive set of technical analysis tools, including 30 technical indicators and charting tools. Additionally, the platform offers great customisation options. Clients can access thousands of online tools and Expert Advisors for algorithmic trading.
MetaTrader 5 offers more charting tools, greater market access and improved backtesting features compared to its predecessor, MT4.
Social And Copy Trading
ThinkMarkets and Blueberry Markets offer social and copy trading via MetaTrader Signals.
Verdict
While both brokers offer almost similar trading platforms, ThinkMarkets stands out with its ThinkTrader.
Both ThinkMarkets and Blueberry Markets provide traders with three types of accounts: Standard, Professional/ThinkZero, and Islamic.
Blueberry Markets’ standard account offers zero-commission trading with slightly higher spreads, while the Professional account offers lower spreads with a commission per trade.
| Broker | Account Type | Commission | Spread Type | Platforms Available |
|---|---|---|---|---|
| Blueberry Markets | Standard | No | Variable | MT4, MT5 |
| Direct | Yes | Variable | MT4, MT5 | |
| Islamic | MT4, MT5 | |||
| ThinkMarkets | Standard | No | Variable | MT4, MT5 |
| ThinkZero | Yes | Variable | MT4, MT5 | |
| Islamic | MT4, MT5 |
ThinkMarkets’ standard account offers zero-commission trading with higher spreads, the ThinkZero account offers lower spreads with a commission per trade, and the Islamic account is a swap-free account designed for Muslim traders.
| Blackbull Markets | ThinkMarkets | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | Yes | No |
| Active Traders | Yes | No |
| Spread Betting (UK) | No | No |
Verdict
Both brokers offer accounts that cater to different types of traders. Plus, Islamic accounts are available.
Our research shows that no dealing desk broker ThinkMarkets has a faster execution speed than Blueberry Markets’ ECN trading. Faster execution speeds reduce slippage and allow traders to enter and exit at desired prices.
Verdict
ThinkMarkets wins in this category with its superior execution speeds, providing a better trading environment for its clients.
ThinkMarkets has a trust score of 81, while Blueberry Markets scored only 31. The huge gap between the two brokers can be broken down into its categories: regulation, reputation, and reviews.
ThinkMarkets Trust Score
Blueberry Markets Trust Score
Regulation
Blueberry Markets is regulated by the Australian Securities and Investments Commission (ASIC), while ThinkMarkets is regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the South African Financial Sector Conduct Authority (FSCA).
Here’s a comparison table based on the regulatory data:
| BlueBerry Markets | ThinkMarkets | |
|---|---|---|
| Tier 1 Regulation | ASIC (Australia) | ASIC (Australia) FCA (UK) CYSEC (Cyprus) |
| Tier 2 Regulation | JFSA | |
| Tier 3 Regulation | SVG-FSA | FSCA (South Africa) FSA-S (Seychelles) CIMA (Cayman) FSC-M (Mauritius) |
Reputation
Blueberry Markets has been established in 2016 in Sydney, Australia. ThinkMarkets has been around longer, being founded in 2010 in London, UK.
Blueberry Markets is in the low bracket regarding popularity, with only 12,100 searches monthly. ThinkMarkets is even lower, with only 8,100 hits on Google.
Reviews
Blueberry has an excellent TrustPilot score of 4.6/5.0 from 1,679 reviews, while ThinkMarkets has a great score of 4.1/5.0 from 227 reviews.
Verdict
ThinkMarkets has a broader regulatory oversight compared to Blueberry Markets, making it a more trustworthy choice for traders concerned about security and regulation.
ThinkMarkets offers more diverse financial market access with over 400 CFD products, compared to Blueberry Markets, with more than 200 CFDs.
Blueberry Markets primarily focuses on forex trading but also offers some commodities and indices. ThinkMarkets, on the other hand, provides a more extensive range of trading instruments, including forex, indices, shares, commodities, and even cryptocurrencies.
Blueberry Markets offers 30 CFD Major and Minor currency pairs, including AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/JPY, and USD/CHF, while ThinkMarkets offers 46 currency pairs.
| Feature | Blueberry Markets | ThinkMarkets |
|---|---|---|
| Forex Pairs | 38 | 46 |
| Indices | 19 | 16 |
| Commodities | 8 | 4 Metals (3 x Golds) (3 x Silver) 3 Energies |
| ETFs | 140 | 352 |
| Cryptocurrencies | 10 | 27 |
| Bonds | No | No |
| Options, Futures | No | No |
| Stocks | No | Yes |
ThinkMarkets provides a range of 17 global indices, including popular ones such as ASX 200, S&P 500, and Nikkei 225. Additionally, they offer the US dollar currency index and six other AUD-denominated indices. Blueberry, on the other hand, offers 10 Stock Index CFDs, including major global indices like the S&P 500, FTSE 100, CAC 40, and Nikkei 225.
ThinkMarkets provides access to over 3,500 CFD shares and 352 ETFs to speculate on, while Blueberry offers 197 ASX and 50 US stock shares.
ThinkMarkets doesn’t offer Cryptocurrency CFDs or shares CFDs on MetaTrader 4, but clients can access 5 crypto pairs and several Australian shares on MetaTrader 5. ThinkMarkets offers 27 cryptocurrencies.
Verdict
ThinkMarkets offers a more comprehensive range of CFDs and markets, making it a more versatile choice for traders looking for variety in their trading portfolio.
Blueberry Markets focuses on articles and webinars, while ThinkMarkets extends to one-on-one sessions.
Both Blueberry Markets and ThinkMarkets have made significant efforts to cater to traders of all levels. However, the scope and depth of these resources vary between the two brokers.
Blueberry Markets offers basic educational content primarily focused on forex trading. They provide articles, webinars, and some video tutorials. ThinkMarkets, on the other hand, has a more extensive educational suite that includes in-depth courses, eBooks, webinars, and even one-on-one training sessions.
Here are some key points comparing the educational resources each broker offers:
Verdict
ThinkMarkets offers superior educational resources, making it the better choice for traders looking to expand their knowledge and skills.
Blueberry Markets is known for its responsive and helpful customer service team, while ThinkMarkets offers 24/7 customer support and has a comprehensive FAQ section on its website.
Blueberry Markets
The broker has consistently received several high ratings on online review websites for their superb customer service. Channels include:
ThinkMarkets
You can get in touch with the broker’s multilingual customer support team through phone, live chat, or email – 24 hours a day, 7 days a week. You can also submit your concerns via a support ticket.
Verdict
It’s a tie in this category. Both brokers provide excellent customer service, ensuring that traders can get the help they need when they need it.
ThinkMarkets and Blueberry Markets both offer the same quick and secure funding options, including credit/debit cards, bank transfers, and some e-wallets.
Below is a table comparing the funding options available for each broker:
| Funding Option | Blueberry Markets | ThinkMarkets |
|---|---|---|
| Credit Card | ✅ | ✅ |
| Debit Card | ✅ | ✅ |
| Bank Transfer | ✅ | ✅ |
| PayPal | ✅ | ✅ |
| Skrill | ✅ | ✅ |
| Neteller | ✅ | ✅ |
| Crypto | ✅ | ✅ |
| Rapid Pay EUR/GBP (5) | ❌ | ❌ |
| POLi / bPay AU/NZ (5) | ✅ | ✅ |
| Klarna | ❌ | ❌ |
Verdict
It’s a tie in this category, with both brokers offering similar payment options to traders.
ThinkMarkets has a lower minimum deposit of $0 than Blueberry Markets’ $100. This difference could be a significant factor in choosing a broker, particularly if you’re starting with a smaller investment. Below is a table outlining the minimum deposit amounts for each broker:
| Minimum Deposit | Recommended Deposit | |
| Blueberry Markets | $100 | $100 |
| ThinkMarkets | $0 | $500 |
Verdict
ThinkMarkets triumphs over Blueberry Markets with their lower minimum deposit requirement. Even though ThinkMarkets has a lower deposit (ie. $0), you will still need to have funding in your account to open a trading position.
ThinkMarkets is the winner because it outperforms Blueberry Markets in almost all categories, from spreads and fees to educational resources. The table below summarises the key information leading to this verdict.
| Categories | Blueberry Markets | ThinkMarkets |
|---|---|---|
| Lowest Spreads And Fees | ❌ | ✅ |
| Better Trading Platform | ❌ | ✅ |
| Superior Accounts And Features | ✅ | ✅ |
| Best Trading Experience And Ease | ❌ | ✅ |
| Stronger Trust And Regulation | ❌ | ✅ |
| Top Product Range And CFD Markets | ❌ | ✅ |
| Superior Educational Resources | ❌ | ✅ |
| Superior Customer Service | ✅ | ✅ |
| Better Funding Options | ✅ | ✅ |
| Lower Minimum Deposit | ❌ | ✅ |
ThinkMarkets is the better choice for beginner traders due to its lower minimum deposit and superior educational resources.
ThinkMarkets also stands out as the better option for experienced traders, offering a wide range of products and advanced trading platforms.
ThinkMarkets has lower costs compared to Blueberry Markets. ThinkMarkets generally offers lower spreads, starting from 0.0 pips on its ThinkZero account. Blueberry Markets, on the other hand, has spreads starting from 0.1 pips. For more information on low-cost brokers, you can visit this lowest spread forex brokers in the UK page.
Both Blueberry Markets and ThinkMarkets offer MetaTrader 4, but ThinkMarkets provides additional features and tools. ThinkMarkets offers advanced charting tools and a wider range of indicators. For a comprehensive list of the best MT4 brokers, you can check out this best MT4 brokers page.
Neither Blueberry Markets nor ThinkMarkets offer social or copy trading as part of their platform features. If you’re interested in social trading, there are other brokers that specialize in this area. For more details, you can visit this best copy trading platforms in the UK page.
Neither Blueberry Markets nor ThinkMarkets offer spread betting as part of their services. If spread betting is a crucial factor for you, you might want to consider other brokers. For more information, you can check out this best spread betting brokers in the UK page.
In my opinion, Blueberry Markets is the superior choice for Australian Forex traders. Both brokers are ASIC-regulated, but Blueberry Markets is founded in Australia, giving it a home advantage. ThinkMarkets, although ASIC-regulated, is founded overseas. For more details, you can visit this Best Forex Brokers In Australia page.
For UK Forex traders, I believe ThinkMarkets is the better option. Both brokers are FCA-regulated, but ThinkMarkets offers a more comprehensive range of services and lower costs. Blueberry Markets, although FCA-regulated, is not founded in the UK. For more information, you can check out this Best Forex Brokers In UK page.
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
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