The much anticipated launch of Australian FX and CFDs brokerage Blueberry Markets took place on Monday, August 22nd. Now anyone who is curious about the new startup, launched by the ex-executive of AxiTrader, can check out their services. ECN accounts with Blueberry Markets are accessible with just $100, while most brokers require more as a start.
For instance, Australian brokerage IC Markets has set a minimum of $200 for its MT4 ECN accounts and $1000 for cTrader ones. As most of you probably know, ECN stands for “Electronic Communication Network”, which is a system that is designed to eliminate the role of a middleman in order execution process.
What is more, its clients of Blueberry Markets may benefit from the tight spreads, ranging from 0.2 to 0.9 pips on the Raw ECN account. Typical spread for the EUR/USD pair is around 0.4 pips, involving a commission of $3.50 per standard lot for the ECN environment. There is also a Standard commission-free account available to traders, however its spreads are higher. Both accounts are accessible through the ever popular MetaTrader 4 platform and provide high leverage levels (up to 1:400).
In addition, Blueberry Markets currently provides a Refer-a-friend bonus amounting to $100, as they are trying to expand their client base. Besides, clients are offered a suite of funding methods to deposit to and withdraw from their Blueberry accounts: Credit & debit card, bank transfer and popular e-wallets Skrill, and POLi.
Based in Sydney, the NDD brokerage appeared on the FX scene with a promise of speed of execution, achieved through high-spec infrastructure and institutional grade liquidity, tight spreads and a highly experienced customer support team. Commenting on the launch, the founder of Blueberry Markets, Dean Hyde said: “Blueberry Markets is 100% client oriented and provides the ability for the client to self-administer their trading account with an intuitive and innovative client portal. We aim at providing superior quality Forex and CFDs trading services using cutting edge technology and infrastructure.”
As for regulation, Blueberry Markets is an Authorized Representative of EightCap Pty Ltd., which operates the EightCap forex broker. It is regulated by the Australian Securities and Investments Commission (ASIC) and is authorized to provide financial services to investors in Australia.