Comparison of Blueberry Markets and IC Markets
| Feature | Blueberry Markets | IC Markets |
|---|---|---|
| Broker | ||
| Year Founded | 2016 | 2007 |
| Broker Type | ECN | ECN, DMA |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | VFSC, ASIC | SFSA, ASIC, CySEC, CMA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:500 |
| Minimum Deposit | $100 | $200 |
| Base Currencies | USD, CAD, AUD, EUR, SGD, NZD, CHF, GBP | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Skrill, USDT (Tether), USDC (USD Coin), BTC (Bitcoin), ETH (Ethereum), XRP (XRP) | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay |
| Inactivity Fee | ✖ | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | - | Investor Compensation Fund (ICF) |
| Protection Size | - | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✔ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | Blueberry Markets Review | IC Markets Review |
About Blueberry Markets
Blueberry Markets is an Australia-based forex and CFD broker regulated by ASIC that targets both active traders and beginners with a straightforward, low-cost trading environment. Clients can choose between a RAW ECN account with spreads from 0.0 pips plus commission, or a commission-free Standard account with slightly wider pricing. More than 1,300 instruments are available across forex, stocks, indices, commodities and crypto, all tradable on MT4, MT5 or the browser-based WebTrader. A low minimum deposit of 100 AUD, leverage up to 1:500, fee-free funding options and 24/7 multilingual support make Blueberry Markets attractive for anyone seeking a secure yet flexible brokerage partner.
Pros
- ASIC regulation ensures strong client fund protection
- Choice of RAW (0-pip spreads + commission) or Standard (no-commission) account types
- Access to MT4, MT5 and WebTrader on desktop, web and mobile
- 1,300+ tradable instruments, including forex, stocks, indices, commodities and cryptocurrencies
- Low 100 AUD minimum deposit and leverage up to 1:500
- Fast, fee-free deposits and withdrawals plus 24/7 customer support
Cons
- No proprietary platform or cTrader option for traders who prefer alternatives to MetaTrader
- Educational content is limited compared with larger global brokers
- No EU licence-clients in certain regions may face restrictions or lack local investor protection
- Crypto funding methods are not currently supported
About IC Markets
IC Markets is a leading forex and CFD broker, well-known for its exceptional trading conditions and advanced technology. Established in 2007 and regulated by multiple top-tier authorities, including ASIC, CySEC, and the FSA Seychelles, IC Markets has earned a solid reputation among retail and institutional traders alike. The broker is particularly favored by scalpers, day traders, and algorithmic traders for its ultra-tight spreads, fast execution speeds, and no-dealing-desk (NDD) model. With access to powerful platforms like MetaTrader 4, MetaTrader 5, and cTrader, IC Markets offers a seamless trading experience across various asset classes, including forex, indices, commodities, and cryptocurrencies. Its focus on transparency, competitive pricing, and exceptional liquidity ensures that traders can execute strategies efficiently. However, while IC Markets excels in trading infrastructure, it offers limited educational resources, which may not fully cater to beginners.
Pros
- Regulated by top-tier authorities (ASIC, CySEC)
- Tight spreads starting from 0.0 pips on Raw Spread accounts
- No dealing desk (NDD) model ensures transparent and fast execution
- Excellent platforms: MetaTrader 4, MetaTrader 5, and cTrader
- High liquidity and competitive pricing ideal for scalping and algorithmic trading
- Wide range of tradable assets, including cryptocurrencies
- Dedicated 24/7 customer support
Cons
- Restricted availability in some regions due to regulatory constraints
- Withdrawal fees may apply for certain methods
Blueberry Markets & IC Markets Regulation
| Feature | Blueberry Markets | IC Markets |
|---|---|---|
Companies | Blueberry Markets (V) Ltd, Blueberry Markets Pty Ltd | Raw Trading Ltd, International Capital Markets Pty Ltd, IC Markets (EU) Ltd, IC Markets (KE) Limited |
Countries | Vanuatu, Australia | Seychelles, Australia, Cyprus, Kenya |
Regulators | VFSC, ASIC | SFSA, ASIC, CySEC, CMA |
Investor Protection | - | Investor Compensation Fund (ICF) |
Investor Protection Size | - | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Blueberry Markets | IC Markets |
|---|---|---|
ECN Account | ||
| Account Name | Standard | Standard |
| Min Deposit | $100 | $200 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 1 | 0.6 |
| Fee | No | No |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 50% | 50% |
| Margin Call | 100% | 100% |
Zero Account | ||
| Account Name | Raw | Raw Spread |
| Min Deposit | $100 | $200 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 0 |
| Fee | $7 per 1 lot | $7 per 1 lot |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 50% | 50% |
| Margin Call | 100% | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | Blueberry Markets | IC Markets |
|---|---|---|
Base currencies | USD, CAD, AUD, EUR, SGD, NZD, CHF, GBP | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, USDT (Tether), USDC (USD Coin), BTC (Bitcoin), ETH (Ethereum), XRP (XRP) | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay |
Inactivity fee | ||
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Blueberry Markets | IC Markets |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
Execution Speed | 30 ms | 40 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
| Asset | Blueberry Markets | IC Markets |
|---|---|---|
Currencies | 63 | 61 |
Indices | 17 | 25 |
Stocks | 1150 | 2175 |
Cryptocurrencies | 61 | 21 |
Bonds | 0 | 10 |
Metals | 17 | 7 |
Energies | 3 | 5 |
Soft Commodities | 0 | 8 |
ETFs | 0 | 38 |
Education and Analytics
| Feature | Blueberry Markets | IC Markets |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Blueberry Markets | IC Markets |
|---|---|---|
Email | customer-care@blueberrymarkets.com | support@icmarkets.com |
Phone | +61279083946 | +2484671976 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | — |
Instagram | ||
Twitter |
Which Broker is Better?
After comparing Blueberry Markets and IC Markets, IC Markets comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.