Blueberry Markets Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Blueberry Markets trading signals. You will learn what kinds of trading signals Blueberry Markets offers and what the conditions for using them are.
Short introduction of Blueberry Markets
The international Forex broker Blueberry Markets has been offering access to the financial and currency markets since 2016. It has representative offices in Australia and Vanuatu that operate under the control of ASIC (Australian Securities and Investments Commission, ABN: 49 167 260 504) and VFSC (Vanuatu Financial Services Commission, 012868). With this brokerage company, you can trade more than 300 assets including currency pairs and CFDs, join copy trading platforms, and invest in MAM accounts. Blueberry Markets offers advanced analytics, three levels of training, and a free VPS server. In 2020 and 2021, the company has been a finalist for the Best Online Client Service Award, established by the Finder website with over 1 million users.
| 💰 Account currency: | USD, EUR, GBP, AUD, NZD, SGD, CAD |
| 🚀 Minimum deposit: | 100 USD |
| ⚖️ Leverage: | Up to 1:500 |
| 💱 Spread: | from 0.0 pips (direct account), from 1 pips (standard account) |
| 🔧 Instruments: | Forex, CFDs (commodities, cryptocurrencies, stock, indices) |
| 💹 Margin Call / Stop Out: | 100%/50% |
Blueberry Markets Pros and Cons
👍 Advantages of trading with Blueberry Markets:
•Regulation in two jurisdictions and availability of ASIC and VFSC licenses;
•A wide range of financial instruments to which you can attach short and long positions;
•Availability of MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as access to DupliTrade;
•Possibility to trade with minimal spreads on accounts with a fee per lot;
•Free forecasts for Forex and the most popular types of CFDs;
•Leverage is up to 1:500;
•No ban on the use of different trading techniques, copying transactions, or involvement of counselors.
👎 Disadvantages of Blueberry Markets:
•The minimum deposit is $100;
•The broker does not have standard bonus offers;
•Cent accounts are not available to its clients.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Blueberry Markets Trading Signals
If a client trades from a standard account, then he pays only spread to the broker. Its amount depends on the instrument and the market situation. The minimum spreads indicated in the specification on the company's website are 1 pips for the standard account and 0 pips for the direct account. However, to trade currency, direct account holders pay $3.50 each to open and close a position, which is $7 per lot. There are no fees for depositing funds. Profit withdrawal fees vary depending on the payment system, but crediting funds to cards and through the FASA payment system is free.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard account | From $10 | Depends on the amount and the payment provider |
| Direct account | From $10 | Depends on the amount and the payment provider |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Blueberry Markets does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
Can I test signals on a demo account?
If you mean copy trading, it depends on the broker. If the signals are provided as a newsletter or notification, you can decide where and how to test them yourself.
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.