IC Markets vs Blueberry Markets: Which One Is Best?

2. Better Trading Platform – IC Markets

In assessing forex brokers, it’s vital to consider factors such as the variety of trading platforms, order execution speed, support for algorithmic trading, technical analysis tools, and the integration of third-party applications. This review will provide a detailed comparison between IC Markets and Blueberry Markets, focusing on their MetaTrader offerings, advanced platforms, copy trading features, and overall performance. By thoroughly examining these elements, we aim to equip you with the insights needed to make an informed choice, reflective of the current forex trading landscape and trends.

We have created a software questionnaire if you are unsure what platform best suits your trading style. Based on six simple questions, we can recommend the best trading software for your trading needs.

MetaTrader

IC Markets, a prominent forex broker, is dedicated to delivering optimal trading conditions by offering MetaTrader 4, MetaTrader 5, and cTrader. MetaTrader 4 is designed for forex trading and Expert Advisors (EAs), while MetaTrader 5 is suited for CFD trading. cTrader is known for high-quality charting and automated trading. In comparison, Blueberry Markets offers MetaTrader 4 and MetaTrader 5 with no additional trading tools. IC Markets’ MetaTrader 4 platform is exceptionally advanced, providing a range of impressive features including unrestricted limit orders, no constraints on trade sizes, position hedging capabilities, and access to 20 exclusive trading tools along with 17 additional technical indicators.It also provides VPS service for running automated trading strategies 24/7. Blueberry Markets’ MetaTrader 4 includes 50 technical indicators and charting tools, as well as VPS hosting service.

Advanced Platforms

IC Markets enhances its trading experience with Advanced Trading Tools for MetaTrader 4, providing 20 features to assist with trade decisions, management, and execution. These tools include Market Manager, Smart Lines, Alarm Manager, and more. cTrader, a robust platform provided by IC Markets, boasts exceptional speed, comprehensive market depth, various order types, and customizable layouts. Meanwhile, Blueberry Markets, which primarily emphasizes MetaTrader platforms, combines cutting-edge technology with an array of research and educational resources, catering to traders of all skill levels. Additionally, Blueberry Markets features a Forex VPS, guaranteeing low latency and seamless trading experiences—especially advantageous for algorithmic traders.
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Copy Trading

Both IC Markets and Blueberry Markets support copy trading features. IC Markets offers MetaTrader Signals, ZuluTrade, Myfxbook, and cTrader Copy, along with EAs and the IC Markets Mobile App. Blueberry Markets provides DupliTrade and Premium Trader, allowing traders to follow and replicate the strategies of successful traders. These copy trading features enhance the trading experience and provide opportunities for traders to learn from experienced professionals.

IC Markets and Blueberry Markets both offer robust trading platforms with a range of advanced features. IC Markets stands out with its additional cTrader and TradingView offerings, providing a broader spectrum of tools and EAs. Blueberry Markets excels with its high-tech platforms, educational resources, and Forex VPS, catering to different trading needs. Both brokers are continuously adapting to the latest trends in forex trading, offering clients competitive and comprehensive trading solutions. Whether you prioritize swift execution, advanced trading tools, or diverse platform options, IC Markets and Blueberry Markets meet the diverse needs of every trader.

Our Better Trading Platform Verdict

Unquestionably, IC Markets come up trumps in this case owing it to their better trading platform.

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*Your capital is at risk ‘72.53% of retail CFD accounts lose money’

3. Superior Accounts And Features – IC Markets

When it comes to forex trading, choosing the right broker can significantly impact your trading experience and profitability. IC Markets and Blueberry Markets present a diverse range of live trading account options, each designed to cater to specific trading requirements. In this analysis, we will explore the features and advantages of their account types, offering you the most up-to-date insights and trends in the forex trading landscape.

Comparing Trading Conditions On ECN Account Types

IC Markets presents three distinct account types: Raw Spread, cTrader Raw, and Standard. The Raw Spread Account is particularly attractive, featuring the tightest spreads starting at 0.0 pips, with an average spread of just 0.1 pips on EUR/USD, making it an exceptionally competitive choice for traders.This is possible due to IC Markets’ deep pool of 25 top-tier liquidity providers. In contrast, Blueberry Markets offers two account types: Professional (ECN) and Standard. The Professional Account provides real-time raw pricing with average spreads of 0.2 pips on EUR/USD and 0.4 pips on GBP/USD, sourced from a network of top-tier liquidity suppliers.providers. While IC Markets requires a minimum deposit of $200, Blueberry Markets’ Professional Account requires a higher minimum deposit of $1,000. Both brokers charge a commission of $7.00 per round turn for 1 Standard Lot traded.

Comparing Trading Conditions On Standard Account Types

IC Markets’ Standard Account offers access to raw pricing with spreads starting from 1.0 pip on EUR/USD, covering all trading costs with no commissions. Clients can trade 64 currency pairs, 16 commodities, and 16 major stock indices on MetaTrader 4 and MetaTrader 5 platforms by depositing as little as $200. Blueberry Markets’ Standard Account matches this offer, with spreads starting from 1.0 pip on major forex pairs and a lower minimum deposit requirement of $100. Both brokers provide free demo accounts, allowing clients to test platform features, indicators, and strategies risk-free before trading with actual money. Notably, only IC Markets offers swap-free accounts compliant with Sharia law.

In summary, both IC Markets and Blueberry Markets offer attractive trading conditions and a variety of account types tailored to diverse trader requirements. However, IC Markets distinguishes itself through its exceptionally low spreads, an array of account options, and swap-free alternatives, positioning it as a highly cost-effective choice for numerous traders.Blueberry Markets, with its lower minimum deposit requirement for the Standard Account, offers an accessible entry point for new traders. As the forex trading environment progresses, both IC Markets and Blueberry Markets are dedicated to delivering exceptional services and favorable trading conditions to their clients. Whether you value lower spreads, competitive commission rates, or easy account access, these brokers cater to the diverse needs of every trader.

Our Superior Accounts and Features Verdict

IC Markets steals the show in this niche owing it to superior accounts and features.

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*Your capital is at risk ‘72.53% of retail CFD accounts lose money’

4. Best Trading Experience And Ease – IC Markets

In the realm of forex trading, an efficient and intuitive trading platform is essential for success. Whether you’re a novice in search of a simple interface or a seasoned trader in need of sophisticated tools, selecting the right broker and platform is vital. IC Markets and Blueberry Markets both offer access to top-tier trading platforms, yet they target distinct preferences and requirements of traders.

IC Markets stands out with its exceptional MetaTrader 5 (MT5) platform, renowned for its superior features such as enhanced order management, advanced charting tools, and a streamlined interface. This makes it a preferred choice for traders seeking high-speed execution and an extensive range of trading capabilities. Conversely, Blueberry Markets may not be as acclaimed for its platform innovation, yet it offers a seamless and dependable trading experience, ensuring that traders have access to essential functionalities without unnecessary complications. Both brokers present vital trading tools, real-time market data, and strong support to empower traders in making informed decisions. Whether you value cutting-edge features or a simple, beginner-friendly experience, IC Markets and Blueberry Markets provide compelling solutions tailored to various trading strategies.

Our Best Trading Experience and Ease Verdict

Based on our team’s in-depth research, IC Markets shines in this niche thanks to their best trading experience and ease.

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*Your capital is at risk ‘72.53% of retail CFD accounts lose money’

5. Stronger Trust And Regulation – IC Markets

Trust and regulation are the foundation of a secure and transparent forex trading environment. **Regulated brokers** follow strict guidelines set by top-tier financial authorities, protecting traders from fraud and ensuring ethical trading practices. This fosters confidence, encouraging active participation in the market. Brokers with strong regulatory oversight attract more clients by offering added security measures such as segregated funds, negative balance protection, and transparent pricing. In today’s competitive forex landscape, choosing a broker with robust compliance isn’t just an advantage—it’s essential for a safe and seamless trading experience.

IC Markets Trust Score

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Blueberry Markets Trust Score

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When choosing a forex broker, trust and regulatory oversight play a crucial role in ensuring a secure trading environment. Traders must be confident that their broker adheres to strict financial guidelines, protecting their funds and ensuring fair trading practices. Our comprehensive review evaluated IC Markets and Blueberry Markets, focusing on their regulatory status, client fund protection measures, and overall trust scores. IC Markets emerges as the superior option, boasting a trust score of 61, which far exceeds Blueberry Markets’ score of 31. This substantial difference underscores IC Markets’ stronger reputation for regulatory oversight and adherence to industry standards.

IC Markets is governed by some of the most rigorous financial regulators in the industry, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), providing a secure environment for European traders.Additionally, IC Markets is licensed under the Financial Services Authority (FSA) of Seychelles, providing broader international coverage. In contrast, Blueberry Markets functions under its parent company, Eightcap Pty Ltd, which is licensed by ASIC (AFSL No. 391441) in Australia. However, international traders are serviced under Eightcap Global Ltd, which is regulated by the Vanuatu Financial Services Commission (VFSC)—a less stringent offshore regulator. Notably, neither broker is regulated by the UK’s FCA, which is often considered a benchmark for top-tier forex regulation.

Both brokers prioritize client fund security by holding deposits in segregated accounts at the National Australia Bank (NAB), ensuring that funds remain untouched for operational costs. IC Markets enhances this security with Secure Socket Layer (SSL) encryption for online transactions, a feature that Blueberry Markets does not explicitly offer. However, a significant downside for both brokers is the absence of negative balance protection, which could lead traders to lose more than their initial investment if their accounts slip into negative territory. To address this risk, IC Markets employs a 50% stop-out level and provides crucial risk management tools such as stop-loss orders and guaranteed stops. Given these factors, traders who prioritize strong regulatory oversight and security may find IC Markets to be the more reliable option in this comparison.

Our Stronger Trust and Regulation Verdict

It seems like IC Markets is riding high in this category on the account of their stronger trust and regulation.

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*Your capital is at risk ‘72.53% of retail CFD accounts lose money’

6. Top Product Range And CFD Markets – IC Markets

A diverse array of products and a wide range of CFD markets empower traders to navigate different market conditions and capitalize on profit opportunities. Brokers such as IC Markets and Blueberry Markets present an extensive selection of assets, including forex pairs, commodities, indices, and cryptocurrencies, facilitating strategic diversification. This flexibility not only amplifies trading potential but also meets the needs of both short-term speculators and long-term investors.

IC Markets and Blueberry Markets both offer diverse trading instruments, but IC Markets provides a significantly broader range. IC Markets provides an impressive selection of over 230 financial instruments, including forex, indices, commodities, metals, cryptocurrencies, stocks, bonds, and futures, making it an ideal choice for traders seeking to diversify their portfolios. In comparison, Blueberry Markets primarily emphasizes forex trading, offering more than 65 instruments, with 44 currency pairs compared to IC Markets’ 61 pairs. While both brokers support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), IC Markets goes a step further by incorporating cTrader, which enhances its attractiveness to algorithmic and high-frequency traders. Furthermore, IC Markets offers various social trading options, such as MyfxBook AutoTrade, ZuluTrade, and MQL5 Signals, whereas Blueberry Markets is limited to using only MQL5 Signals for copy trading.

When it comes to CFD markets, IC Markets outperforms Blueberry Markets with a wider selection across multiple asset classes. IC Markets boasts an impressive selection of 23 stock index CFDs, 12 commodity CFDs, 6 metal pairs, 10 cryptocurrency CFDs, and more than 150 stock CFDs sourced from global exchanges. In comparison, Blueberry Markets offers a more limited range, featuring just 10 indices, 2 energy commodities, 2 to 3 metal CFDs, 5 crypto CFDs, as well as Australian stocks on its MT5 platform. Notably, IC Markets also includes bond and futures CFDs, broadening its investment scope. Both brokers offer leverage up to 1:500 for offshore traders under FSA Seychelles (IC Markets) and VFSC Vanuatu (Blueberry Markets), while ASIC-regulated traders in Australia are subject to leverage caps of 1:30 on major forex pairs and 1:2 on cryptocurrency CFDs under FCA and CySEC regulations. IC Markets stands out as the superior option for traders looking for a diverse array of products and enhanced trading tools, offering unmatched variety and flexibility.

*Under new FCA guidelines, UK retail traders are no longer able to trade cryptocurrencies.

Our Top Product Range and CFD Markets Verdict

Without a doubt, IC Markets outperforms in this category due to top product range and CFD markets

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*Your capital is at risk ‘72.53% of retail CFD accounts lose money’

7. Superior Educational Resources – IC Markets

In the dynamic realm of forex trading, knowledge holds equal weight to capital. Premier educational resources like webinars, video tutorials, courses, and market analyses are essential for traders to enhance their skills. They benefit both novices and seasoned traders in a shifting market. Brokers prioritizing education enable traders to make informed decisions and achieve long-term success.

Education plays a crucial role in a trader’s success, and both IC Markets and Blueberry Markets offer a solid foundation for learning. IC Markets provides an extensive library of trading articles, regular webinars, and structured courses tailored for both beginners and advanced traders. Their video tutorials and glossary of trading terms help traders grasp essential concepts, making it easier to navigate the forex market. Meanwhile, Blueberry Markets takes a well-rounded approach with educational articles, expert-led webinars, and a dedicated section for trading news and updates. They also provide insights from professional traders, offering real-world strategies that align with current market trends. As forex trading evolves, staying informed through these educational resources can give traders a competitive edge in decision-making and risk management.

Our Superior Educational Resources Verdict

IC Markets definitely is having its day in the sun this is due to their superior educational resources.

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*Your capital is at risk ‘72.53% of retail CFD accounts lose money’

8. Superior Customer Service – IC Markets

For brokers having an exceptional customer service can be a game-changer in forex trading, ensuring traders navigate the markets with confidence and ease. A broker that provides round-the-clock multilingual support via live chat, phone, and email is not merely offering assistance—they’re establishing a foundation of trust and reliability. Whether it’s troubleshooting technical issues, clarifying trade executions, or aiding with account management, swift and responsive customer service significantly enriches the trading experience. In a dynamic market where every second matters, partnering with a broker that emphasizes trader support can be the crucial factor in seizing opportunities instead of letting them slip away.

Customer Support: IC Markets vs. Blueberry Markets

In the fast-paced world of forex trading, professional and responsive customer support is essential for traders navigating volatile markets. A broker’s capacity to deliver prompt assistance can profoundly influence a trader’s experience, whether it’s addressing technical problems, resolving account inquiries, or providing guidance on the trading platform. Both IC Markets and Blueberry Markets understand the vital role of exceptional support and have tailored their services to cater to their clients’ needs effectively.

IC Markets Customer Support

IC Markets sets a high standard for broker support, offering 24/7 multilingual customer service via live chat, phone, and email. Our tests confirmed that live support is highly responsive, with wait times on live chat and phone calls being minimal. The broker features a comprehensive Help Centre that gives traders access to a wealth of FAQs and resources related to account setup, platform navigation, and trading conditions. Moreover, IC Markets extends personalized support for its Chinese clients, available through live chat and email during Beijing’s business hours (09:00 – 23:00).

Email inquiries at IC Markets are also efficiently managed, with responses typically received within 24 hours. Traders can reach out to the support team through a global phone number (+61 (0)2 8014 4280) or toll-free numbers from various countries. This ensures that no matter where a trader is located, assistance is always within reach.

Blueberry Markets Customer Support

Blueberry Markets also provides round-the-clock support, allowing clients to contact their team via email, live chat, and phone. Although live chat and email support were both prompt and informative, we observed that phone support experienced occasional delays. This could be a drawback for traders seeking immediate assistance.The broker’s support number for Australia and international clients (+61280397480) ensures accessibility, but the efficiency of phone responses may vary.

Despite this minor limitation, Blueberry Markets has built a strong reputation for personalized service. The support team consistently garners acclaim for its friendliness, expertise, and dedication to addressing trader concerns. This makes it an excellent option for traders seeking a personalized approach to customer service.n.

Another notable feature offered by IC Markets, when it comes to global market coverage, includes WebTV.

IC Markets and Blueberry Markets both provide exceptional customer support, but IC Markets distinguishes itself with its remarkably responsive service and well-organized educational resources. Meanwhile, Blueberry Markets is a solid option for traders who value personalized assistance and market insights. When selecting from these brokers, traders must assess their unique requirements—considering factors such as the importance of quick support response times, access to educational resources, or a more personalized customer service approach.

Our Superior Customer Service Verdict

When we combine the 24/7 customer support service along with the resources provided through the learning centre, IC Markets tops Blueberry Markets. The resources provided by IC Markets cover the go-to resources for education and market research.

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*Your capital is at risk ‘72.53% of retail CFD accounts lose money’

9. Better Funding Options – IC Markets

In forex trading, a broker with diverse range of funding options is crucial for forex traders, allowing quick deposits and withdrawals with minimal fees. Leading brokers like IC Markets and Blueberry Markets offer various payment methods, including bank transfers, credit/debit cards, digital wallets, and even cryptocurrencies. The focus is on transaction speed, security, and cost, enhancing traders’ experiences. With instant deposits and low or no withdrawal fees, traders can concentrate on market opportunities without financial hurdles.

IC Markets excels in funding flexibility by allowing forex traders to deposit in 10 different base currencies, including AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF, and HKD. In comparison, Blueberry Markets supports a selection of 7 base currencies: AUD, USD, CAD, GBP, NZD, SGD, and EUR. This diversity allows traders to avoid unnecessary conversion fees, a crucial advantage in today’s cost-conscious forex environment. As funding methods continue to evolve, IC Markets stands out by providing an impressive 15 payment options, far surpassing the 6 available methods offered by Blueberry Markets. Both brokers support Visa/Mastercard debit and credit cards, wire transfers, Skrill, UnionPay, POLi, and FasaPay, ensuring accessibility across global markets. However, IC Markets provides additional e-wallet choices, including PayPal, Neteller, Klarna, and country-specific banking solutions like Thai and Vietnamese Internet Banking, catering to an increasingly digitized forex trading landscape.

When it comes to deposit and withdrawal efficiency, IC Markets provides near-instant deposits for most funding methods, with only wire transfers (2–5 business days), BPay (12–48 hours), and broker-to-broker transfers (2–5 business days) taking longer. In comparison, Blueberry Markets charges deposit and withdrawal fees for Skrill (ranging from 3% to 4%) and FasaPay (0.5%), whereas standard funding methods come without any charges. Both brokers may incur international bank transfer fees, depending on the intermediary bank, which remains an industry-wide challenge. With traders placing a higher emphasis on low-cost and swift transactions, IC Markets stands out in 2024 due to its extensive range of free and instant funding options, providing a significant advantage over Blueberry Markets.

Our Better Funding Options Verdict

Our team surmises that IC Markets ranks highest in this category thanks to their better funding option.

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*Your capital is at risk ‘72.53% of retail CFD accounts lose money’

10. Lower Minimum Deposit – Blueberry Markets

In forex trading, accessibility is key, and a low minimum deposit requirement plays a crucial role in breaking down financial barriers. Brokers are enabling a new generation of traders by allowing smaller initial investments. This approach supports beginners and those with limited funds, reducing risk and promoting inclusivity. It offers hands-on learning and skill development without large upfront commitments. As the forex landscape changes, brokers with flexible deposit options attract diverse traders looking to build confidence and grow their portfolios at a comfortable pace.

Selecting the right forex broker hinges significantly on the minimum deposit requirement, particularly for newcomers and those keen on effective risk management. Both Blueberry Markets and IC Markets present appealing options with their relatively low minimum deposits, which cater to a wide array of traders. Blueberry Markets has a minimum deposit of just $100, while IC Markets sets a slightly higher bar at $200. Although these figures lower the entry threshold, it’s essential for traders to evaluate whether such deposits are adequate for maintaining sustainable positions, especially in the context of leveraged trading.

In the fast-paced forex landscape, brokers with low minimum deposits tend to attract more traders; however, it’s crucial to consider more than just the upfront costs. Sufficient funding is vital for fulfilling margin requirements and preventing unnecessary stop-outs. Blueberry Markets’ $100 deposit is attractive for those looking to experiment with trading; conversely, traders seeking larger positions or more versatile trading conditions might find IC Markets’ higher deposit of $200 more beneficial for risk management. Ultimately, the ideal deposit amount varies based on an individual trader’s strategy, risk appetite, and long-term aspirations.

Our Lower Minimum Deposit Verdict

Finally, Blueberry Markets takes the crown in this portion, this is due to lower minimum deposit.

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Is IC Markets or Blueberry Markets The Best Broker?

IC Markets truly is outperforming in all categories due to comprehensive offerings, superior educational resources, and overall better trading experience. The table below summarises the key information leading to this verdict:

IC Markets: Best For Beginner Traders:

IC Markets is the preferred choice for beginner traders due to its comprehensive educational resources and user-friendly platform.

IC Markets: Best For Experienced Traders:

IC Markets stands out for experienced traders because of its advanced trading features and diverse product range.