Creating a new account with Blueberry Markets could reward you with a USD700 worth of cash credit refund! Let's find out all about it in this article.
Global brokers use various different ways to attract traders and persuade them to create a trading account. Welcome bonus is one such attempt to reward new clients for signing up with the broker. The bonus can come in a range of forms and sizes, but most brokers offer cash credits that can be used for trading. Blueberry Markets is one of the brokers that offer this sort of reward.
As a brief introduction, Blueberry Markets is a promising Australian broker with over 30,000 active clients. The brokerage firm offers more than 300 tradable instruments, along with a wide range of educational and market research tools for all types of traders. There are loads of information that you can get to improve your trading performance for free, such as economic calendar, weekly newsletters, and trading hours of various global exchanges. On top of that, the broker offers tight spreads and light-speed execution to further support their traders' success.
Blueberry Markets Specifications
⚖ Leverage1:500
💼 Regulation💲 Min Deposit$100
⌛ Year Established 2016
When it comes to bonus programs, Blueberry Markets doesn't really provide many options due to regulatory rules. However, there is one promotional campaign that you may want to look forward to, which is the Online Forex Master bonus dedicated to new Blueberry Markets clients. Here's everything you should know about it.
Sign Up and Claim the Bonus
Blueberry Markets offers cash refunds on the Alien Wash Strategy course from Online Forex Masters. In this program, clients will receive a refund equal to the price of the Online Forex Master course worth SGD700 or USD511. The promotion period started on 16 August 2022 and will end on 31 March 2023. Please note that this promotion is not available for Australian residents.
See Also: A Case Study on Forex Bonus Promotions
In order to claim the refund, the client must fulfill the following requirements:
- Not an existing client of Blueberry Markets.
- A lifetime member of Online Forex Master, Binni Ong (13344). For verification, the client will be required to provide proof of membership.
- Open a live trading account with Blueberry Markets and deposit at least SGD2000 or USD1460 before the promotional period ends.
Qualified clients will receive the trade credit in their accounts. The credit can take up to 24 business hours to be added to the account and will appear as a part of their equity. The credit is not transferrable and cannot be split between different accounts. It is worth mentioning that the credit is only available once per client, not per trading account. So, clients with several trading accounts are only entitled to receive the bonus once.
How to Benefit from the Cash Credit
After the credit is deposited into the client's account, it cannot be withdrawn immediately. Instead, the client must trade a minimum of 2 lots before the credit can be redeemed as cash. Note that hedging is prohibited until the 2 lots have been traded. Once the trade is completed, the client must email their account manager, who will then inform the broker and make the cash credit available to withdraw.
The client has 90 days in total to take advantage of the credit. After this period, the remaining credit will be removed from the trading account. Keep in mind that the credit can only be withdrawn within 60 days of receiving it and can only be redeemed once. Also, please ensure that your net equity does not fall below the bonus credit amount. Otherwise, the broker may void the credit and forbid the client to use it as margin to open and maintain positions.
Summary
To conclude, Blueberry Markets is a well-known broker that offers a handful of products and services for traders in various countries. If you're planning to trade with the broker, the Online Forex Market bonus program is quite a good deal that you might want to check out. Just make sure to read the terms and conditions and check the availability of the program in your country before you start.
Blueberry Markets is an Australia-based brokerage company that provides superior platforms, ultra-tight spreads, and a demonstrated commitment to support clients 24/7. It was apparently founded in 2016 by Former AxiTrader executive Dean Hyde who wanted to focus on low spreads and high-level client service.
10 Comments
Rico
Mar 14 2023
I'm sorry, I'm a bit confused. So, let me get this straight. You deposit SGD 2000 and you'll receive an additional SGD 700 after completing the Online Forex Master course? I'm a bit unsure because it seems like you need to deposit more than $1,000, and I'm still unclear about the details of the program. I'm curious about the total deposit you can receive through the Blueberry Market bonuses, and I'm also wondering what Online Forex Master is. According to the article, it's the entity providing the bonuses, but you also need to open an account there. However, I'm still not entirely sure what Online Forex Master actually is. Could someone explain it to me?
Mona
Mar 14 2023
I will help you. The Blueberry Market bonus program is offering a bonus of up to SGD 700 for clients who deposit SGD 2,000 or more and complete the Online Forex Master course. So, if you deposit SGD 2,000 and complete the course, you should be eligible to receive the bonus. (SGD 2,000 + Bonuses)
As for Online Forex Master, it's an online forex trading education provider that partners with Blueberry Markets to offer the bonus program. To be eligible for the bonus, you'll need to open an account with both Blueberry Markets and Online Forex Master. The course is designed to teach you the skills and strategies needed to become a successful forex trader.
Rico
Mar 14 2023
I understand now that Online Forex Master is partnering with Blueberry Markets to offer bonuses to traders who complete their course, with a maximum bonus of SGD 700. To be eligible, traders must open an account with both Blueberry Markets and Online Forex Master, and deposit at least SGD 2,000. In addition to receiving a cash bonus, traders will also gain free access to the premium course offered by Online Forex Master, which would normally require payment. This offer could be especially appealing to well-funded traders looking to improve their skills. Overall, I think it's definitely worth considering, and thanks again for the information!
johny
Mar 14 2023
I've been reading about the cash credit benefit and it seems that in order to be able to withdraw your bonus, you need to trade for a maximum of 2 lots and the bonus has a time limit of 90 days. However, I'm confused about the withdrawal process. Although the bonus has a time limit of 90 days, you can only withdraw it after 60 days from the day you receive the bonus. So, I'm not sure whether the time limit is 60 days or 90 days.
Moreover, I'm wondering if these bonuses are only meant for pro or experienced traders, given the high deposit and bonus amount, and the fact that the bonus disappears after the time limit ends. Although trading 2 lots in 60 days seems feasible, it's worth noting that you must not let your equity fall below SGD 700 or you may end up losing all of your deposited money.
Baron
Mar 14 2023
So, to get the cash credit benefit from the Blueberry Online Forex Master bonus, you need to trade a max of 2 lots within 90 days. But you can only withdraw the bonus after waiting for 60 days from when you get it.
This means you can withdraw the bonus after 60 days, but for the cash credit benefit, you gotta finish trading 2 lots within 90 days. Just remember that the trading requirement for the cash credit benefit is different from withdrawing the bonus itself. However, this kind of bonus is not suitable for beginner since it has riskier situation with higher deposit needed.
Monica
Mar 15 2023
This is actually very interesting and new to me. I've never really paid attention to broker bonuses before because I only cared about the broker's safety as in regulations and licenses, and trading conditions. It did narrow down my options, but I still had a hard time choosing one since there were so many good brokers out there that seemed to fit the criteria. So, maybe if I were to choose another broker, I would consider the bonuses and promotions as well. Speaking of bonuses, how many types of bonus that most brokers offer and which one is the best to choose?
Noah
Mar 16 2023
Here are some of the bonus types that I know:
I personally recommend brokers that offer bonuses both for new and loyal clients. This means, you can enjoy the benefits not only in the early part of your journey, but in the long term. Here's an article that might help you when choosing forex bonus: Best Forex Bonus: What You Need to Unveil
Manny
Mar 15 2023
I've tried several Australian brokers like Pepperstone and IC Markets, but I've never heard of Blueberry Markets before. Because of this article, I searched it up and wow, it seems that the broker is pretty underrated among traders. The broker was founded in 2016, so it's still relatively young. Perhaps it needs more unique, innovative features to boost the business.
In my opinion, this Online Forex Master bonus in particular sounds great, but it's still less attractive compared to other mainstream brokers in the market. Most brokers simply ask traders to register or deposit a certain amount, but in this program, traders must be a fulltime member of Online Forex Master and subscribe to one of the courses.
Jonah
Mar 15 2023
Hi, sorry I'm still pretty lost here. So, in order to claim the prize, we need to subscribe to the alien wash strategy course and be a fulltime member of the platform? How much should I pay to do all that? I don't think I'm willing to pay extra cash aside from my trading activities, so if that's the case, I might prefer to pass on this one, although I'm actually quite intrigued with the broker itself.
Celyn
Mar 17 2023
According to the broker's website, Online Forex Master is an Introducing Broker (IB) that provides online courses for traders. It is not an agent, affiliate, or representative of Blueberry Markets, nor are they endorsed by the broker. Meanwhile, the Alien Wash is one of the courses offered by the IB on its website. The course basically talks about the wash and rinse phenomenon within the trading world.
Yes, you do need to sign up for the course to enjoy the bonus and pay for the course in advance, but don't worry. As explained in this article, the course will be 100% fully refunded after you complete the requirements provided by Blueberry Markets. In other words, you can enjoy the course for free and get full suite of the Alien Wash indicators.