Blueberry Markets is a forex broker established in 2022 in Vanuatu, primarily offering trading services in forex, metals, commodities, stocks, and indices. According to Blueberry Markets' official website, the broker does not provide services to residents of jurisdictions where it may violate local laws or regulations, including but not limited to Australia, the United States, New Zealand, and Japan.
Corporate Background:
The broker's official website states that Blueberry Markets (V) Ltd is a broker registered in Vanuatu, with its registered address at Govant Building, 1st Floor, Kumul Highway, Port Vila, Vanuatu. Blueberry Markets (V) Ltd is a newly established company, founded on February 8, 2024. Additionally, a Whois search of the website domain name shows that the company's official website domain name was registered on July 5, 2015, making it over eight years since the registration.
Regulatory Status:
Blueberry Markets claims to be regulated by the Vanuatu Financial Services Commission (VFSC). However, as the country's primary financial regulatory authority, the VFSC has relatively lenient standards and requirements compared to traditional financial centers such as the United States Securities and Exchange Commission (SEC) or the United Kingdom's Financial Conduct Authority (FCA). The VFSC's regulatory strength is not as rigorous as some global financial regulatory bodies.
Although the VFSC is responsible for regulation and enforcement, its regulatory strength is relatively weak. The commission does not directly participate in specific audit and supervision work but relies on practicing lawyers, accountants, and other institutions to assist in oversight. Furthermore, the VFSC has not established an arbitration body, so disputes can only be resolved through judicial means.
Account Registration:
Blueberry Markets offers investors real and demo accounts. Investors can initiate the account registration by clicking "Start trading" on the top right corner of the Blueberry Markets official website. They need to provide an email, phone number, and set an account password, then select or fill in details such as name, country, trading software, account type, account currency, margin (leverage) ratio, and upload identification documents to complete the real account registration. The Blueberry Markets official website account registration page supports simplified Chinese, English, French, Indonesian, Malay, Vietnamese, and Thai.
Account Types:
Blueberry Markets offers investors two different types of trading accounts: Blueberry Standard Account and Blueberry Direct Account. The broker allows a minimum deposit of $100 and supports a maximum leverage of 1:500. Different trading platforms are available, including MT4, MT5, and Web Trader.
Trading Products:
The broker offers a range of CFD trading services covering forex, commodities, indices, and cryptocurrencies, among other areas. In forex trading, users can trade major currency pairs including EUR/USD, USD/JPY, GBP/USD. For commodities, users can trade popular commodities like gold, silver, and crude oil. In index trading, users can profit from market rises and falls by trading index CFDs and only need to invest a small portion of the index price as margin. Additionally, the platform provides other trading services including cryptocurrencies, offering diverse trading options to users.
Deposit and Withdrawal Methods:
Blueberry Markets offers investors deposit and withdrawal channels or methods including UnionPay, bank wire transfer, VISA, Mastercard, Fasapay, Neteller, Perfect Money, Skrill, Sticpay, and more. Additionally, Blueberry Markets' official website provides information on the supported currencies for different deposit and withdrawal channels or methods, as well as the minimum deposit and withdrawal amounts, processing times, and fees.
Trading Software:
According to information on Blueberry Markets' official website, the company offers investors MetaTrader4 (MT4) and MetaTrader5 (MT5) trading software. Both MT4 and MT5 are available for download in desktop versions (Windows/MacOS), web versions, and mobile versions (IOS/Android).
Other Services:
Information on Blueberry Markets' official website indicates that the company offers investors services such as VPS, market analysis, and education. Among them, VPS can help investors reduce or avoid the impact of issues such as internet outages and power failures on trading. Market analysis includes market news and analysis, economic calendar, and future market outlook. Education covers knowledge popularization and video tutorials for investors at different stages.
Conclusion:
Blueberry Markets is a forex broker registered in Vanuatu but is not under strict regulation. The regulatory strength of the Vanuatu Financial Services Commission (VFSC) is weak, and the related services provided by Blueberry Markets are not strictly regulated. As such, Blueberry Markets currently lacks an effective regulatory license. Investors should choose brokers with stricter regulation to protect their assets.
Currently, Blueberry Markets is marked as "Unregulated" on TraderKnows.
