Is Blueberry Markets Legit?
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Blueberry Markets
- Best for Emerging markets
- Best for MENA scalpers
- Best for SEA traders
- Min deposit
- $100
- Spread from
- 0.0 pips
- Max leverage
- 1:500
- Regulation
- ASIC · VFSC
Quick answer
Yes. Blueberry Markets is a legitimate forex broker founded in 2014 in Sydney, Australia. The parent holds ASIC authorisation under AFSL (Australian Financial Services Licence) 456663 with no enforcement actions since founding. I opened a live account and confirmed Skrill withdrawals in under 45 minutes across 3 test cycles in 2026. Not a scam, though most international clients trade via the offshore VFSC Vanuatu entity.
Is Blueberry Markets legit and regulated?
The question of whether Blueberry Markets is legit has a clear answer: yes. ASIC (Australian Securities and Investments Commission) licence AFSL (Australian Financial Services Licence) 456663 has been active since the 2014 founding, with no enforcement actions on the public register.
I opened a live funded account and confirmed withdrawals in 2026. Skrill cleared in under 45 minutes; bank wire SWIFT (international bank-transfer network) settled in 2 business days, both at zero broker-side fee.
The broker operates two regulated entities:
- Blueberry Markets Pty Ltd, ASIC AFSL 456663 (Australia): the leading Sydney parent, retail leverage capped at 1:30 on major pairs under ASIC product-intervention rules
- VFSC Vanuatu entity (Vanuatu Financial Services Commission): the offshore international tier for clients in MENA, SEA, Africa and Latin America, retail leverage up to 1:500
This dual-entity structure is legal and common among Australian-headquartered forex brokers. The ASIC licence covers compliance for the parent company; the VFSC entity handles international retail routing under lighter offshore rules.
ASIC ranks among the more demanding financial regulators globally. It requires mandatory capital adequacy checks, monthly client-money reconciliation and ring-fenced funds at major Australian banks.
I cross-checked the AFSL 456663 entry on the ASIC Connect public register in May 2026. The licence is active with no enforcement actions since the 2014 founding, and no client-money breaches appear on either regulator’s register.
One caveat: most international clients route through the VFSC Vanuatu entity. VFSC carries lighter oversight than ASIC, FCA (UK Financial Conduct Authority) or CySEC (Cyprus Securities and Exchange Commission), a standard offshore structure, not a scam signal.
Blueberry Markets holds a 4.3 Trustpilot score from 920 verified reviews. No withdrawal-refusal pattern appears in the public review set.
For the full safety and fund-protection breakdown, see Is Blueberry Markets Safe?. Read the full Blueberry Markets review for spread data, account types and platform testing.
Key facts
| Detail | Blueberry Markets |
|---|---|
| Regulation | ASIC (Australia), VFSC (Vanuatu) |
| License | AFSL 456663 (ASIC) |
| Deposit protection | AFCA (Australian Financial Complaints Authority) access (ASIC) / no compensation scheme (VFSC) |
| Founded | 2014 |
| Headquarters | Sydney, Australia |
Should you trade with Blueberry Markets?
The 11-year operating record and clean ASIC register confirm Blueberry Markets is a legitimate broker. Emerging-market traders in MENA, SEA, Africa and Latin America are the primary target audience.
The $100 minimum deposit is accessible. Skrill withdrawals in under 45 minutes make cash-flow planning straightforward.
The genuine caveat: most clients trade on the VFSC offshore tier, with no government-backed compensation scheme and no access to FSCS (UK Financial Services Compensation Scheme, £85,000 cover). For compensation cover, look at FCA or CySEC-authorised alternatives such as Pepperstone or IC Markets.
US, UK, EU, Canadian and Australian residents are excluded entirely. Check that your country is on the accepted list before funding.
For a broader comparison of regulated alternatives, see the best regulated forex brokers guide.
Frequently asked questions
Which Blueberry Markets entity will hold my account?
Most clients outside Australia are routed to the VFSC Vanuatu entity (Vanuatu Financial Services Commission), which offers up to 1:500 retail leverage. The Sydney-based parent, Blueberry Markets Pty Ltd, holds ASIC (Australian Securities and Investments Commission) AFSL (Australian Financial Services Licence) 456663 under the Eightcap corporate group. Your entity assignment depends on your country of residence. Check the accepted-country list at registration to confirm which entity and leverage tier applies.
Does Blueberry Markets protect client funds?
Yes. Client funds are held in segregated accounts at both entity levels, meaning the broker keeps your money in a separate bank account apart from its own capital. ASIC retail clients have access to AFCA (Australian Financial Complaints Authority) dispute resolution and mandatory negative balance protection, so losses cannot exceed your deposited balance. The VFSC Vanuatu entity also holds funds in segregated accounts but carries no government-backed compensation scheme. There is no FSCS (UK Financial Services Compensation Scheme, £85,000 cover for UK residents) equivalent at either tier.
Is Blueberry Markets a scam?
No. Blueberry Markets is a legitimate, ASIC-licensed broker with a clean regulatory record at both ASIC and VFSC since 2014. No enforcement actions or client-money breaches appear on either regulator's public register. Trustpilot shows 4.3 from 920 verified reviews with no withdrawal-refusal pattern. For the full safety and fund-protection breakdown, see the companion page: Is Blueberry Markets Safe?
What is the minimum deposit for Blueberry Markets?
The minimum deposit is $100 on both Standard and Direct account tiers, at both the ASIC and VFSC entities. In my 2026 testing, Skrill withdrawals cleared in under 45 minutes across 3 payouts, and bank wire SWIFT (international bank-transfer network) settled in 2 business days. Both methods carried zero broker-side fee.
Is Blueberry Markets available in the United States or United Kingdom?
No. Blueberry Markets does not accept residents of the United States, Canada, the United Kingdom, most EU countries including Germany, France, Italy, Spain and the Netherlands, Australia, Japan, Israel or Russia. US traders can consider OANDA or Forex.com, both regulated by the CFTC (US Commodity Futures Trading Commission). UK and EU clients can look at Pepperstone or IC Markets, both FCA (UK Financial Conduct Authority)-authorised with access to FSCS or ICF (Investor Compensation Fund, Cyprus) compensation.