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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Blueberry Markets and ThinkMarkets are both reputable forex brokers, but they offer different experiences to traders. Blueberry Markets is known for its exceptional customer service and competitive spreads, while ThinkMarkets offers a wider range of trading instruments and superior trading platforms.
When it comes to trading costs, both Blueberry Markets and ThinkMarkets have their strengths.
The average spread for a standard account at Blueberry Markets is 1.0 pips, while ThinkMarkets offers an average spread of 0.8 pips. Tight spreads are important as they reduce the cost of trading and can significantly impact profitability, especially for high-frequency traders. Here’s a comparison table based on our unique research:
| Broker | Average Spread |
|---|---|
| Blueberry Markets | 1.0 pips |
| ThinkMarkets | 0.8 pips |
Looking at the average standard account spreads for the forex pairs, we can see some interesting trends. Blueberry Markets and ThinkMarkets have quite similar spreads, but there are some notable differences.
Blueberry Markets has a slightly higher spread for the EUR/USD and USD/JPY pairs, but it outperforms ThinkMarkets in the AUD/USD pair. This suggests that Blueberry Markets might be a better choice for traders who frequently trade these pairs. However, ThinkMarkets has a lower spread for the GBP/USD and USD/CAD pairs, which might make it more attractive to traders focusing on these pairs.
| Forex Pair | Blueberry Markets | ThinkMarkets Comparison | Industry Average |
|---|---|---|---|
| EUR/USD | 1.2 | 1.1 | 1.18 |
| USD/JPY | 1.6 | 1.4 | 1.37 |
| GBP/USD | 1.2 | 1.3 | 1.51 |
| AUD/USD | 1.1 | 1.1 | 1.41 |
| USD/CAD | 2.2 | 1.2 | 1.70 |
| EUR/GBP | 1.7 | 1.1 | 1.56 |
| EUR/JPY | 2.9 | 1.2 | 1.85 |
| AUD/JPY | 1.6 | 1.2 | 2.09 |
Standard Account Analysis Updated September 2023[1]September 2023 Published And Tested Data
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 shows that both brokers offer competitive spreads, but the best choice will depend on which forex pairs you trade most frequently.
In conclusion, while both brokers offer competitive spreads, the best choice will depend on your specific trading needs. It’s always important to consider the spread for the specific forex pairs you trade most frequently, as this can have a significant impact on your trading costs.
For RAW accounts, Blueberry Markets offers an average spread of 0.1 pips, while ThinkMarkets offers an average spread of 0.0 pips. Here’s a comparison table based on our exclusive research:
| Broker | Average Spread |
|---|---|
| Blueberry Markets | 0.1 pips |
| ThinkMarkets | 0.0 pips |
When it comes to commission rates, Blueberry Markets charges $7 per round turn, while ThinkMarkets charges $3.5 per side. Here’s a comparison table:
| Broker | Per Side (USD) | Round Turn (USD) |
|---|---|---|
| Blueberry Markets | $3.5 | $7 |
| ThinkMarkets | $3.5 | $7 |
Both Blueberry Markets and ThinkMarkets do not charge any deposit or withdrawal fees, making it easy and cost-effective for traders to manage their funds.
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.
Trust and regulation are crucial factors when choosing a forex broker.
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:
| Broker | Regulators |
|---|---|
| Blueberry Markets | ASIC |
| ThinkMarkets | FCA, ASIC, FSCA |
Verdict: ThinkMarkets has a broader regulatory oversight compared to Blueberry Markets, making it a more trustworthy choice for traders concerned about security and regulation.
Both Blueberry Marketsand ThinkMarkets offer a range of trading platforms to cater to different trading styles and preferences.
Both brokers offer MetaTrader 4 and 5, the most popular trading platforms in the forex industry. These platforms are known for their advanced charting tools, automated trading capabilities, and customisability.
While Blueberry Markets offers cTrader, a platform known for its intuitive interface and depth of market functionality, ThinkMarkets does not. However, ThinkMarkets offers TradingView, a platform popular for its social trading features and advanced charting tools.
ThinkMarkets offers social and copy trading through its partnership with ZuluTrade, a platform that allows traders to copy the trades of experienced traders. Blueberry Markets does not offer social or copy trading.
Both brokers offer VPS services for uninterrupted trading and a range of other trading tools such as economic calendars, market news updates, and analysis tools.
Verdict: ThinkMarkets offers a wider range of trading platforms and tools, making it a better choice for traders who value variety and advanced features in their trading platforms.
| Broker | Limit Order Speed | Market Order Speed |
|---|---|---|
| Blueberry Markets | 82 ms | 90 ms |
| ThinkMarkets | N/A | N/A |
The trading environment is crucial for a seamless trading experience. According to our research, ThinkMarkets has a faster execution speed compared to Blueberry Markets. Faster execution speeds reduce the likelihood of slippage and ensure that traders can enter and exit the market at their desired prices.
Verdict: ThinkMarkets wins in this category with its superior execution speeds, providing a better trading environment for its clients.
Blueberry Markets offers two account types: Standard and Professional. The Standard account offers zero commission trading with slightly higher spreads, while the Professional account offers lower spreads with a commission per trade.
ThinkMarkets, on the other hand, offers three account types: Standard, ThinkZero, and Islamic. The 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.
Verdict: ThinkMarkets offers more account types, catering to a wider range of traders including Muslim traders who require swap-free accounts.
Both Blueberry Markets and ThinkMarkets offer excellent customer service. 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.
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.
There are other factors to consider when choosing a forex broker.
Blueberry Markets has a lower minimum deposit requirement of $100, compared to ThinkMarkets’ $200.
Both brokers offer a variety of payment methods, including credit/debit card, bank transfer, and e-wallets like Skrill and Neteller.
ThinkMarkets offers a wider range of trading instruments, including forex, indices, shares, commodities, and cryptocurrencies.
Verdict: While Blueberry Markets has a lower minimum deposit requirement, ThinkMarkets offers a wider range of trading instruments, making it a more versatile choice for traders.
Best For Beginner Traders: Blueberry Markets is a great choice for beginner traders due to its lower minimum deposit requirement, excellent customer service, anduser-friendly trading platforms.
Best For Experienced Traders: ThinkMarkets, with its wider range of trading instruments, advanced trading platforms, and superior execution speeds, is more suited for experienced traders.
Here’s a detailed comparison table of the two brokers:
| Criteria | Blueberry Markets | ThinkMarkets |
|---|---|---|
| Trading Costs | Higher | Lower |
| Regulation | ASIC | FCA, ASIC, FSCA |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader | MetaTrader 4, MetaTrader 5, TradingView |
| Trading Environment | Slower execution speeds | Faster execution speeds |
| Account Types | Standard, Professional | Standard, ThinkZero, Islamic |
| Customer Service | Excellent | Excellent |
| Minimum Deposit | $100 | $200 |
| Trading Instruments | Fewer | More |
Blueberry Markets is better for beginner traders due to its lower minimum deposit and user-friendly platforms.
ThinkMarkets offers a better trading environment with faster execution speeds.
No commission account spread propiety testing data and published wesbite spread information, centralised on our standard account spread page..
