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Blueberry Markets in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%75
- Round-turn cost20%90
- Safety20%10
- Payouts15%80
- Track record10%50
- Platforms10%no data
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Would be served via offshore Mauritius/Vanuatu entities; no India-licensed arm.
- Founded
- 2016
- Retail leverage
- 500IN
- Round turn
- 7 USDIN
- Currencies
- No INR; AUD, USD, EUR, GBP, CAD, NZD, SGD.
- Swap-free account
- yes
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with Blueberry MarketsThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Would be served via offshore Mauritius/Vanuatu entities; no India-licensed arm.
- Local standing
- Offshore-regulated; not SEBI-registered. Offshore retail forex is restricted for Indian residents under RBI/FEMA rules.
- Licence as the register states it
- No SEBI registration; offshore Mauritius FSC / Vanuatu VFSC only.
- Leverage for this entity
- Up to 1:500 offshore (not permitted onshore for INR pairs).
- The firm behind it
- Founded 2016, headquartered Sydney, Australia.
- What we hold against it
- Not SEBI-registered; SEBI/RBI limit legal forex to INR-pair ETCDs on Indian exchanges; offshore use is a legal grey area.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore-regulated; not SEBI-registered. Offshore retail forex is restricted for Indian residents under RBI/FEMA rules.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Standard, Direct/Raw, min USD 100. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Blueberry Markets sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 7 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 100 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:500 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts
Identical for every row: Deposit, h 24 · Withdrawal, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (5 methods · 0 local rails)
No INR-specific local rails verified;
- Cards
- Skrill
- Neteller
- Bank wire
- Crypto
- Account currency
- No INR; AUD, USD, EUR, GBP, CAD, NZD, SGD.
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(5 platforms)
- MT4
- MT5
- TradingView
- Blueberry X
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 1 |
| MT5 | — | 1 |
| TradingView | — | 1 |
| Blueberry X | — | 1 |
| All instruments | 2000+ | — |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
Identical for every row: Leverage 500 IN.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.5 | — |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(4 for and 4 against, each tied to a figure on this page)
- Withdrawal in 24 h, one of 74 of 90 brokers here that publish a time
- Swap-free account available
- Round-turn cost 90 of 100, its strongest of 6 scored axes
- 4 platforms: MT4, MT5, TradingView, Blueberry X
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- Min deposit 100 USD, over the India median 15
- The published 1:500 comes from the group's offshore entity, not from the India one
- Safety 10 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 6IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500IN
- Rank in this country
- #42
- Round turn, USD
- 6IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500IN
- Rank in this country
- #1
- Round turn, USD
- 7IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500IN
- Rank in this country
- #30
- Round turn, USD
- 7IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 1000IN
- Rank in this country
- #36
- Round turn, USD
- 9IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 400IN
- Rank in this country
- #29
- Round turn, USD
- 4IN
- Rank in this country
- #4
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Blueberry Markets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 75 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 90 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 50 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does Blueberry Markets accept residents of India?
- No. Offshore-regulated; not SEBI-registered. Offshore retail forex is restricted for Indian residents under RBI/FEMA rules. Onboarding entity: Would be served via offshore Mauritius/Vanuatu entities; no India-licensed arm.
- Is Blueberry Markets licensed to serve clients in India?
- No SEBI registration; offshore Mauritius FSC / Vanuatu VFSC only. Checked on 09.07.2026.
- How much does one round turn cost at Blueberry Markets?
- About 7.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- What leverage does Blueberry Markets offer to retail clients in India?
- Up to 1:500. Up to 1:500 offshore (not permitted onshore for INR pairs).
- Which trading platforms does Blueberry Markets support?
- MT4, MT5, TradingView, Blueberry X. Instruments: 300+ instruments: FX, indices, metals, oil, shares, crypto CFDs.
- How can I withdraw money from Blueberry Markets in India?
- No INR-specific local rails verified; cards, Skrill, Neteller, bank wire, crypto. Typical withdrawal time: 24.0 hours.
- What account types does Blueberry Markets offer?
- Standard and Direct/Raw; min USD 100.
- Does Blueberry Markets offer a swap-free (Islamic) account?
- Yes. Blueberry Markets offers a swap-free (Islamic) account to India residents.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.