Our take at a glance
Blueberry Markets is an Australian forex and CFD broker regulated by ASIC, with a second entity licensed by the VFSC in Vanuatu. ASIC is a tier-1 regulator with strict client money rules, which is a meaningful safety signal. The most important thing to understand before opening an account: which of the two entities takes you as a client — because your protections differ sharply between them, and neither is an EU/EEA-authorised entity.
How this review was researched: it is based on the broker's published regulatory status and our own partner records. We have not traded live with this broker, and we do not quote spreads or account figures we cannot verify. Always confirm current conditions on the broker's own site before depositing.
Overview
Blueberry Markets is a forex and CFD broker operating from Australia at blueberrymarkets.com. It holds regulation from the Australian Securities and Investments Commission (ASIC) and also operates an offshore entity under the Vanuatu Financial Services Commission (VFSC) — a structure common among Australian brokers who serve international clients.
This review focuses on what we can verify and what you should check yourself: the broker's regulatory standing, what each licence actually protects, and how EU residents in particular should read this broker's offer.
What we can verify
| Broker name | Blueberry Markets |
| Regulators on record | ASIC (Australia) VFSC (Vanuatu) |
| Official website | blueberrymarkets.com |
| Instruments category | Forex / CFDs |
| EU/EEA-authorised entity | None on our records |
| CompareFX partner status | Active partner (see disclosure above) |
Regulation & safety
The ASIC entity
ASIC is one of the stricter retail regulators globally. An ASIC-licensed broker must hold an Australian Financial Services (AFS) licence, keep client money in segregated accounts under the Corporations Act, and participate in the Australian Financial Complaints Authority (AFCA) scheme, which gives retail clients a free, independent dispute channel. Since 2021, ASIC also caps retail CFD leverage at 30:1 on major forex pairs and requires negative balance protection — protections broadly similar to the EU's ESMA rules.
The VFSC entity
The Vanuatu Financial Services Commission is an offshore regulator with much lighter requirements. Accounts opened under a VFSC entity typically fall outside ASIC's leverage caps, dispute schemes, and client money rules. Higher advertised leverage usually means you are being onboarded offshore. That is not automatically disqualifying, but you should know exactly which rulebook covers your money before you deposit.
How to check which entity you get
- Open the account agreement or legal documents page before signing up and find the entity name and licence number.
- Verify the AFS licence on ASIC's public register at asic.gov.au (Professional Registers search).
- If the documents name the Vanuatu entity, assume ASIC protections do not apply to your account.
- Confirm where client funds are held and under which jurisdiction's rules.
Our free broker selection checklist walks through all of these checks in order.
Availability for EU residents
Blueberry Markets has no EU/EEA-authorised entity on our records. For a resident of the EU, that means the protections you may take for granted do not apply here: ESMA's retail leverage caps, standardised risk warnings, negative balance protection under EU rules, and — most importantly — investor compensation schemes such as CySEC's ICF (up to €20,000). If something goes wrong with a non-EU broker, you cannot escalate to an EU regulator.
ASIC's own client protections are real, but they attach to the Australian entity and Australian law — and offshore VFSC accounts carry neither set of protections. If you are in the EU and want the EU rulebook protecting your deposit, start with our guide to the best EU-regulated forex brokers instead.
Pros and cons
Pros
- ASIC regulation — a tier-1 regulator with client money segregation, AFCA dispute resolution, and retail leverage caps.
- Transparent public presence and an established partner program.
- Regulatory protections at the Australian entity are broadly comparable to EU standards.
Cons
- No EU/EEA-authorised entity — EU residents get no ESMA protections or EU compensation scheme coverage.
- The VFSC (Vanuatu) entity carries far lighter oversight; you must verify which entity onboards you.
- We have not verified live trading conditions first-hand, so we do not publish spread or fee figures for this broker.
Frequently asked questions
Is Blueberry Markets regulated?
Yes — by ASIC in Australia, with a second entity licensed by the VFSC in Vanuatu. The two entities offer very different protection levels, so verify which one takes your account.
Is Blueberry Markets available in the EU?
It has no EU/EEA-authorised entity on our records. EU residents can be onboarded by non-EU entities, but EU protections (ESMA leverage caps, negative balance protection under EU rules, investor compensation schemes) will not apply. See our EU-regulated broker guide for alternatives that carry them.
Does Blueberry Markets offer bonuses?
We do not list or promote broker bonuses. EU rules ban bonus incentives for CFD trading, and we apply that standard across the site — here is why no regulated EU broker offers bonuses.
Does CompareFX earn money if I sign up?
Yes. We are a registered partner and may earn a commission if you open an account through our links, at no extra cost to you. This never changes what we write — see our affiliate disclosure.
Final verdict
Blueberry Markets clears the most important bar — real tier-1 regulation through ASIC — and that puts it ahead of the unregulated operators we warn about. The caution is structural, not personal to this broker: a dual ASIC/VFSC setup means your actual protection depends entirely on which entity signs you, and EU residents are outside the EU safety net either way. Verify the entity, verify the licence number on ASIC's register, and start small while you test withdrawals.
If that verification checks out and you are comfortable trading outside the EU rulebook, you can open an account below. If you want EU protections, use our EU-regulated shortlist instead.