Interactive Brokers vs Blueberry Markets

Interactive Brokers vs Blueberry Markets Comparison Table 2023
Interactive Brokers Blueberry Markets
4.3

Interactive Brokers is #1 in our CFD broker rankings.

3
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Day traders can use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.

Blueberry Markets is an Australian-based CFD and forex broker offering 300+ instruments on the MT4 and MT5 platforms. Account holders also get access to DupliTrade, a low-latency VPS and educational materials.

Comment by Reviewer
"Experienced day traders seeking a regulated broker with sophisticated trading software and very low fees should look at IB. Their range of stocks also can't be beaten." "Blueberry Markets is a good option for traders familiar with MetaTrader and beginners looking to copy trade on popular financial markets."
Pros
  • Gives day traders unmatched access to global stocks with tens of thousands available from 100+ market centres in 24 countries
  • Direct market access, including to the FTSE 100 index, the CAC 40 and Germany’s DAX 40
  • Proprietary Trader Workstation comes with powerful tools and charting capabilities
  • Regulated by some of the world's most reputable bodies including in US
  • You have a reliable real-time market data feed, that rarely goes offline
  • Diverse payment options and account currencies
  • Commission reimbursement with Toggle AI
  • Low commissions and tight spreads
  • Multiple payment methods offered making the broker accessible to global traders
  • MetaTrader 4 integration through desktop software, web trader and mobile app
  • Free demo account for prospective users
  • Good execution speed reducing slippage
  • Copy trading through DupliTrade
  • Low minimum deposit of $100
  • 24/7 customer support
  • Forex VPS available
Cons
  • Due to the pricing structure, this firm can be more expensive for aggressive traders who trade over $100,000 shares a day
  • Platform and web interface are complex and difficult for beginners to pick up
  • Accessing products like CFDs is not straightforward compared to competitors
  • The TWS platform falls short in terms of technical charting
  • Mediocre customer support
  • No proprietary trading app
  • Limited bonuses for new traders
  • Narrow selection of CFDs in some asset classes
Awards
  • Finalist - Best Online Customer Service 2020 & 2021 - Finder Awards
Instruments
Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants Stocks, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $100
Trading Platforms
  • AlgoTrader
  • OmniTrader
  • eSignal
  • TradingCentral
  • MT4
  • MT5
  • DupliTrade
Payment Methods
Minimum Trade
$100 0.01 Lots
Regulator
SEC, FCA, IIROC, SFC ASIC, SCB
Margin Trading
Yes Yes
Margin Rate
1.55 - 2.59%
STP Account
Yes No
ECN Account
No Yes
DMA Account
Yes No
MAM Account
Yes Yes
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS, Android & Windows iOS & Andriod
Auto Trading
Capitalise.ai & TWS API Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
Copy the trades of pro investors via the DupliTrade platform. Select, modify, or remove strategies from your portfolio with just a few clicks.
Social Trading
No Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $0
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • INR
  • JPY
  • SEK
  • NOK
  • DKK
  • CHF
  • HUF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • SGD
Stock Exchanges
Commodities
CFD Trading
Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements. Blueberry Markets offers access to 300+ CFD products, spanning commodities, stocks, indices and currencies. These products are available with leverage rates up to 1:500, with competitive STP and ECN pricing models.
Leverage
1:50 1:30 (ASIC), 1:500 (SCB)
FTSE Spread
0.005% (£1 Min) From 0.0 pips
GBPUSD Spread
Commission (.20 pts x trade value) From 0.0 pips
Oil Spread
N/A From 0.0 pips
Stocks Spread
From 0.003 per share, variable From 0.0 pips
Forex Trading
Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor. Blueberry Markets clients can speculate on more than 40 forex pairs, encompassing all major and minor crosses, plus some exotic pairings. We found that all orders are executed at market price, with commission-based or spread markup pricing options.
GBPUSD Spread
Commission (.20 pts x trade value) From 0.0 pips
EURUSD Spread
Commission (.20 pts x trade value) From 0.0 pips
EURGBP Spread
Commission (.20 pts x trade value) From 0.0 pips
Assets
70+ 40+
Cryptocurrency
Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets. Invest in a modest selection of popular digital currencies including Bitcoin with no hidden fees. However, we have seen many other firms provide access to hundreds of different tokens, so it isn't best for serious crypto investors.
Spread
Variable From 0.0 pips
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BTC
  • LTC
  • ETH
  • XRP
  • BCH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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