Guide to Blueberry Markets Deposits and Withdrawals

Jordi: I have never tried using another currency to trade Forex. But I think it is not possible to use another currency in trading Forex. This is my opinion, if you have other references, please comment below.

To trade Forex, you basically need the US dollar because all trading activities in the world use the US dollar as the common currency. if at the currency exchange, you need real assets of Euro and Dollar to exchange EUR/USD. So, you can use the US dollars if you want to buy with EUR and if you have EUR you can sell your EUR for US Dollars.
But in Forex Trading, all trading is done online and using contracts for difference to trade. So, we don't need to prepare some real aseets and instead we do valuable contract transactions or CFD, and we pay in dollars.

Imagine you use AUD for example to make a CFD, is it necessary to convert it to dollars in order to be tradable? I mean, for example, you are trading AUD against EUR/USD, does it need to convert AUD to USD first?

and remember, the whole value of pips used to be in dollars, especially in cross pairs, pips must be converted to USD by dividing by the major pair included in the trade. For example, EUR/GBP, you need to the pair with the current GBP/USD exchange rate divided. (Direct order matching, convert to USD)

So for me it is not possible to trade with other currencies

Ricky: Let me answer. As you have seen in the table above, all third party fees are included if you use an e-wallet, right? Especially PayPal and Neteller. Third-party fees occur if you transfer from PayPal to your bank account. For example, PayPal, it usually charges $5. Basically, if you withdraw money from Blueberry to your Paypal, Paypal has to charge $5 to get your money. These are fees that Blueberry may pay so you can get full money. Meanwhile, if you decide to transfer to your bank account, paypal charges you $5 and your bank charges you a few dollars as well. This is what third party fees mean.

Correct me if I'm wrong, thanks

Phil: Because it's associated with the term conditioning your body regulator. It looks like your US regulator forbids any unregulated broker from accepting US Traders.

The question is why the US broker seems to offer a limited trading condition, which is also because of the term and condition of your regulator or finance department. And why most brokers are unregulated in US? It seems is because the cost of opening an office in the US is very high and not affordable. And aslo the conditions to be regulated are very heavy for the most brokers. So don't be confused if an offshore broker can offer more freedom to its traders in terms of trading.

Saito: From all the explanations about the journey from this broker, I also believe that this broker is also good and worth trading, especially for Australian traders. and yeah as I explained, even though I'm still new to the world of trading, this broker won 2 awards in 2020 and 2021, and that's enough to prove that this account is good...
yeah, no matter what the Blueberry Markets broker is still a new market maker broker in the trading world, because this broker was just established in 2016. yes, this broker received 2 awards in 2020 and 2021 respectively as "Finalist" and "Online Customer Service" Best".
although this broker has been awarded several awards and also has many instruments on offer, clients cannot access negative balance protection with this broker. Now, ASIC Product Intervention keeps ASIC clients safe from negative balances. Blueberries will absorb the negative amount and return it to you. SCB clients also have negative balance protection.
Yeha, I hope this broker quickly solves this problem of negative balance protection, because I think this is one of the weaknesses of this broker.

Sweety: yeah I agree with your opinion that this broker is good enough for trading and I want to add a little explanation regarding the safety of the Blueberry Markets broker. Blueberry Markets is a global Forex broker headquartered in Sydney, Australia, offering tradable Currencies, Indices, and Commodities (Metals & Oil).

Blueberry Markets Group is a trading name of Eightcap Pty Ltd, an entity that holds an Australian Financial Services License (AFSL) which enables it to offer financial services to Australian residents. Blueberry Markets AFSL number is 391441.

Every BlueBerry client in Australia receives the full regulatory protection ASIC is required to provide by brokers. Traders outside Australia are handled by Eightcap Global Ltd, an entity based in Port Vila, Vanuatu, and regulated by the Vanuatu Financial Services Commission (VFSC).

Sietsa: I want to add to your explanation, actually I don't disagree with your statement that this broker is good. But yes, all brokers have their own advantages and disadvantages, and this broker is no exception.

Blueberry Markets is an online broker, offering over-the-counter trading instruments grouped under several asset classes. Because Blueberry Markets is not a financial advisor, it "is not issuing advice, recommendations or opinions" regarding trading CFDs and Forex on margin.

The company certifies that client funds are fully segregated from its corporate accounts at Australia's leading financial institution – National Australia Bank (NAB).

Last but not least, Blueberry Markets has no negative balance protection policy, which means retail clients must practice strict money management and use all available risk tools to protect their active positions in the Forex market.

Lalisa: Wow, wow, it turns out that you have never tried trading, so it's only natural that you don't understand about deposits. As far as I know, all brokers don't seem to recommend depositing using accounts from third parties. So it's better to use an account in your name only, to avoid deposit problems and avoid fraud too...
As for Blueberry Markets brokerage, except for crypto deposits, ALL deposits must be made from a payment account with the same name as your trading account.
Blueberry Markets also strongly discourages using someone else's payment account to fund your trading account because you may have problems with withdrawals — and we cannot guarantee successful processing if this is the case.
Oh yes, be careful when choosing a deposit method with a broker, because not all of the deposit methods offered are available in your country.

Marvel: Hello Guys, your question is very good. Indeed, as far as I know, every broker provides minimum and maximum limits for deposits and withdrawals, although there are some that do not provide limits. This means that you are free to make any deposit, and usually, it is very suitable for beginners with limited funds.

The minimum deposit required to open an account with the broker is USD $100 (or currency equivalent) for all account types, and the maximum deposit varies depending on the method used.

• For Dragon pay, Skrill, and Neteller methods, the maximum deposit is $ 150,000
• There is no maximum limit for THB QR, Poly, and inter-bank transfer payments (depending on the client's bank limit).
• for PayTrust, and China Union Pay, Credit cards have a maximum deposit limit of $10,000
• For methods other than the ones I mentioned, they have a maximum deposit of $50,000, except for FASA (maximum of $5000).

As far as I know, all the deposit methods offered are very easy and instant, except for money transfers between banks which take 3 to 7 working days.

Robert: I want to add to your answer because you haven't explained anything about withdrawals at Blueberry Markets. previously Blueberry Markets had a minimum deposit of $100 to open an account Blueberry Markets will not charge any fees for deposits and withdrawals.

The broker allows account funding through 9 account-based currencies (AUD, USD, CAD, GBP, NZD, EUR, and SGD) and 9 different funding methods (standard funding options and e-wallets).

The minimum withdrawal at Blueberry Markets starts from $50 for all offered withdrawal methods. for the maximum withdrawal, which is an average of $ 15,000 for all withdrawal methods except for interbank money transfers and perfect money.

Bank-to-bank money transfers provide a maximum withdrawal of $250,000 and for Perfect Money it is $25,000. So far, withdrawals are almost like deposits, yes, easy and instant. Please note that POLi Payments are only available for AUD based accounts, while Skrill is only supported for USD based accounts. Client withdrawal requests will usually be processed within 24 hours, but usually if there are problems it can take up to 7 working days to process the money you want to withdraw. All they need to do is send the online withdrawal form, which can be found in the Secure Client Area.

Grace: According to the explanation in this article and the direct explanation on the website, withdrawal using an international transfer at the Blueberry Markets broker may incur an intermediary fee of around $25, although there are several other withdrawal methods at Blueberry Markets that are free of charge.

However, keep in mind that the processing time for withdrawals at Blueberry Markets using international transfers is quite long compared to other methods, which are around 3 to 7 working days.

Yes, the minimum withdrawal is $ 50 and the maximum is also greater, which is $ 250,000. The maximum withdrawal limit with this transfer method is higher than the other methods. However, usually, in this international transfer, there are additional costs from third parties such as:

• Intermediary bank fees: When funds are withdrawn from an account held by a state-based institution other than a local bank, the transaction may be routed through one or more intermediary banks.
• Currency conversion fee: If the account is held in a currency other than the local bank, funds may need to be converted to the local currency before they can be withdrawn.
• Local bank fees: Some local banks may charge additional fees for receiving or processing wire transfers or other electronic transactions.

Though, apart from Blueberry Markets, there are lots of brokers that offer free withdrawals, so to choose a broker, you are sure that the features, services and instruments offered are good. The only thing we can do is find the lowest possible cost.

Finlay: Once the payment profile is verified, we will process all withdrawals within 24 hours (Mon-Fri during business hours 9:00 to 17:00 GMT+10). Funds will appear in your account depending on the withdrawal method. All you need to do is submit the online withdrawal form, which can be found in the Secure Client Area.

However, you should note that a common mistake that traders may not realize is withdrawing money outside working hours and days. There is a lot of criticism about some traders not receiving their money after a few days after withdrawal from their trading account. So my advice is if you want to make a harp withdrawal request during operating hours from the Blueberry Markets broker to avoid unwanted problems, such as the receipt of funds for a long time, and so on.

There are also several things that need to be considered in the withdrawal method at Blueberry Markets, namely:

• Paypal is no longer offered.
• Some countries may not be able to use Skrill. Please visit the Skrill website for more information.
• Due to regulations, we only accept Skrill payments that are in the client's native currency.
• Skrill is not available for EU Clients.
• Clients from other countries can only trade with USD.

TLDR Guys:

Blueberry Markets is an Australian-based forex broker that offers three types of trading accounts, each with different deposit requirements. These accounts are as follows:

• Standard Account: This account is designed for new traders who want to start trading with a lower minimum deposit. The minimum deposit requirement for the standard account is USD 100.

• Professional Account: This account is for experienced traders who want access to more trading tools and features. To open a professional account, traders need to meet certain eligibility criteria, including having a trading history of at least one year and meeting certain financial requirements. The minimum deposit requirement for a professional account is USD 2,000.
• Blueberry Pro Account: This account is designed for high-volume traders and provides access to a range of advanced trading tools and features, such as the ability to trade with higher leverage. The minimum deposit requirement for a Blueberry Pro account is USD 20,000.

In terms of deposit and withdrawal methods, Blueberry Markets offers a range of options, including bank wire transfers, credit/debit cards, and online payment systems such as Skrill and Neteller. Traders can choose the method that is most convenient for them.

@Justin K.:

Blueberry Markets takes the security and privacy of its clients' deposits and withdrawals seriously and has implemented several measures to ensure the safety of client funds.

Firstly, the broker uses segregated bank accounts to ensure that clients' funds are kept separate from the company's operating funds. This means that in the event of insolvency, clients' funds will not be used to pay the company's debts.

Secondly, Blueberry Markets uses SSL encryption to protect clients' personal and financial information during transmission. This technology encrypts data transmitted between the client's computer and Blueberry Markets' servers, preventing unauthorized access to sensitive information.

Thirdly, Blueberry Markets is regulated by the Australian Securities and Investments Commission (ASIC), which imposes strict requirements on brokers to ensure they operate in a fair and transparent manner. As part of its regulatory obligations, Blueberry Markets is required to maintain adequate financial resources, have robust risk management systems, and implement effective measures to prevent money laundering and fraud.

To prevent fraudulent activity, Blueberry Markets has implemented a range of measures, including:

• Identity Verification: All clients must go through a verification process to confirm their identity and prevent identity theft and fraud.
• Two-Factor Authentication: Blueberry Markets offers two-factor authentication for additional security when logging in to accounts and making withdrawals.
• Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Policies: Blueberry Markets has implemented strict AML and CTF policies to prevent money laundering and terrorism financing activities.

In summary, Blueberry Markets takes several measures to ensure the security and privacy of clients' deposits and withdrawals, including segregated bank accounts, SSL encryption, regulation by ASIC, identity verification, two-factor authentication, and AML/CTF policies. These measures help to prevent fraudulent activity and ensure that clients' funds are kept safe.

@Syekh Ahmedi:

Blueberry Markets is an Australian-based forex and CFD broker that prides itself on its commitment to customer satisfaction and support. According to the company's website, it has a clear and transparent process for addressing issues related to deposit and withdrawal disputes, and customers can escalate such disputes if they are not resolved satisfactorily.

Specifically, Blueberry Markets states that it aims to resolve all disputes as quickly and fairly as possible, and that it has a dedicated team of professionals who are trained to handle such issues. Customers who have a dispute related to a deposit or withdrawal can submit a support ticket through the company's website or contact the support team directly via phone or live chat.

If the issue is not resolved satisfactorily, customers can escalate the dispute by contacting Blueberry Markets' Compliance Officer, who is responsible for overseeing the company's compliance with regulatory requirements and ensuring that customer complaints are handled fairly and impartially. Customers can also contact external dispute resolution schemes such as the Australian Financial Complaints Authority (AFCA) or the Financial Ombudsman Service (FOS) if they are not satisfied with Blueberry Markets' response.

It is worth noting that Blueberry Markets is regulated by the Australian Securities and Investments Commission (ASIC), which is a reputable and stringent regulatory body that sets high standards for brokers operating in Australia. As such, customers can be assured that Blueberry Markets is held to high standards of transparency, accountability, and customer protection.

@Dudley: Blueberry Markets stands out among other online forex brokers with its deposit and withdrawal policies and procedures. They offer a variety of convenient and secure payment methods for depositing funds into your trading account, including bank transfers, credit/debit cards, and popular e-wallets. The deposit process is straightforward and typically processed quickly.

When it comes to withdrawals, Blueberry Markets ensures a smooth and efficient process. They strive to process withdrawal requests within 24 hours, allowing you to access your profits promptly. The broker maintains transparency by clearly outlining any withdrawal fees or minimum withdrawal amounts.

As for the advantages, Blueberry Markets excels in providing competitive trading conditions, including tight spreads and fast execution speeds. They offer a wide range of tradable instruments, including forex pairs, commodities, indices, and cryptocurrencies, allowing for diverse trading opportunities. Additionally, Blueberry Markets prioritizes client satisfaction through their dedicated customer support team, providing assistance whenever needed.

However, it's important to note that every broker has its drawbacks. While Blueberry Markets offers a solid trading experience, some traders may find their range of available account types and trading platforms more limited compared to other brokers in the market. It's essential to consider your specific trading preferences and requirements when choosing a forex broker.

Your question is excellent. Indeed, to the best of my knowledge, every broker sets both minimum and maximum limits for deposits and withdrawals, although there are some that do not impose any limits. This means that you are free to make any deposit, which is typically very suitable for beginners with limited funds.

The minimum deposit required to open an account with the broker is USD $100 (or the equivalent in other currencies) for all account types. The maximum deposit amount varies depending on the method used:

• For DragonPay, Skrill, and Neteller methods, the maximum deposit is $150,000.
• There is no maximum limit for THB QR, Poly, and inter-bank transfer payments (subject to the client's bank limit).
• For PayTrust and China Union Pay, credit cards have a maximum deposit limit of $10,000.
• For methods not mentioned, the maximum deposit is $50,000, except for FASA (with a maximum of $5,000).

To the best of my knowledge, all the deposit methods offered are very user-friendly and provide instant processing, except for bank transfers, which may take 3 to 7 working days.

Read more: How to Open Account in Blueberry Markets

I would like to add to your answer because you haven't explained anything about withdrawals at Blueberry Markets. Previously, Blueberry Markets had a minimum deposit requirement of $100 to open an account, and the good news is that Blueberry Markets does not charge any fees for deposits and withdrawals.

The broker allows account funding through 9 account-based currencies (AUD, USD, CAD, GBP, NZD, EUR, and SGD) and offers 9 different funding methods, including standard options and e-wallets.

The minimum withdrawal amount at Blueberry Markets starts at $50 for all offered withdrawal methods. As for the maximum withdrawal, it averages around $15,000 for all withdrawal methods except for interbank money transfers and Perfect Money.

Bank-to-bank money transfers provide a maximum withdrawal limit of $250,000, and for Perfect Money, it's $25,000. So far, withdrawals are almost as straightforward as deposits – easy and instant. Please note that POLi Payments are only available for AUD-based accounts, while Skrill is supported exclusively for USD-based accounts. Client withdrawal requests are usually processed within 24 hours, but in case of any issues, it may take up to 7 working days to process your withdrawal request. All you need to do is submit the online withdrawal form, which can be found in the Secure Client Area.

In my opinion, when it comes to using Skrill and PayPal for payments, there are a few downsides you should know about. First off, PayPal might not be available in some countries, so you gotta double-check with your broker if your country falls into that category. And Skrill? Well, it also might not work in certain places, but you can find all the info you need on their website.

Now, onto the nitty-gritty. Depending too much on these platforms can bring up some issues, especially when it comes to playing by the rules and dealing with different currencies. Some countries have regulations that might affect how smoothly transactions go through. Plus, not all currencies might be supported, meaning you could face extra fees or be limited in your options when making payments.

Long story short, while Skrill and PayPal are handy, it's worth keeping in mind the potential hiccups you might encounter, like dealing with regulations and currency quirks.