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Blueberry Markets Review: Blueberrymarkets.com Scam Revealed

Blueberry Markets Review: Blueberrymarkets.com Scam Revealed

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Blueberry Markets (Blueberrymarkets.com) is a ridiculous CFDs and Forex scam platform openly stealing from unsuspecting online investors. BlueberryMarkets is professing to offer the chance to reach financial goals. Blue Berry Markets is claiming to have the highest review ratings in Australia. And this is another one of their many false claims plastered all over their website. The truth is out. Ensure you read this detailed BLUEBERRY MARKETS Review for more.

Blueberry Markets Review

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Blueberry Markets Review

After receiving numerous complaints from investors in the Asian region, we knew trouble was brewing. What looks like a legit trading website is nothing but a sham looking to take advantage of traders. Investors should be wary as Blueberry Markets is an offshore platform looking to steal from investors. Once deposits are made, this is the last you will see of it. Investors don’t have control of their funds with this trading platform. We plan to expose some of the dirty tricks used by BlueberryMarkets.

Thanks to our devotion to online investing and trading, we know how to spot a scam from a mile away. Sure, once you visit the website, you will be amazed at how well the platform sells its services. Don’t be fooled by the enticing design of the website, these are professional scammers. With a well-designed website, investors are easily fooled by the website’s promotional messages. Read this eye-opening review and get to see the loopholes which the naked eye can’t spot immediately.

About Blueberry Markets

Disclaimer at the footer of the homepage suggests Blueberry Markets is owned by Eighcap Pty Ltd. According to information posted, Blueberry Markets group is a trading name of Eighcap Pty Ltd. Scam artists will do or say anything to ensure their platforms. These scam artists want to entice users to believe there are associated with a legit and licensed platform. This is far from the truth as we have concrete proof the platform is a hoax. Don’t believe anything these fraudsters post on their websites.

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Another issue we have with Blueberry Markets is in terms of actual owners of the platform. Anonymity is playing a major role in ensuring no culprits are caught. Who are the founding members of this platform? Why can’t we get the actual names of people running the show? These are professional scam artist who don’t want their names to be exposed for obvious reasons. They are afraid of the vindictive nature they would get from victims.

Is Blueberry Markets licensed or registered

Blueberry Markets License and Regulation

A closer check with Australia’s regulatory body shows otherwise. We contacted the Australian Securities and Investment Commission for more information.  And this is where we draw the line as unregulated entities never safeguard funds. Your funds are far from being safe as this is a potential pyramid scheme.

Another shocking feature we noticed with this platform is lack of proper documentation. You would expect a platform to post details of their license and registration documents for all to see. Blueberry Markets is lacking in this venture as they fail to give proof of them being licensed. All they do is post random numbers which they profess to be their official license number. A document to back this claim would have been helpful. Scam artists never have official documents.

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Advantages of Blueberry Markets

After a serious scrutiny of the website, we could not come up with any advantage of dealing with the platform. The website is full of clustered information which does not make sense. BlueberryMarkets is using a website which is far from being user-friendly. With every link to their pages, you get to see a million words. What are they trying to portray? These scam artists are trying too hard making their website full of repetitive information. The website is not fully friendly especially to newbie traders.

Disadvantages of Blueberry Markets

Account types

Blueberry Markets Account Types

Blueberry Markets is furnishing users with two account types to choose from. Accounts listed include Standard and Professional account. The problem with their standard account is having a low minimum required deposit. And this is a pointer we are dealing with a scam platform. The industry has set $250 to be the acceptable minimum trading deposit. A platform which is asking for less is targeting newbie traders. And this is a scam waiting to happen. Stay away from this platform.

Demo Account

Another issue we noticed with this platform is how the demo account produces only successful trades. Once you place a trade with the demo account, chances of winning are in the 98th percentile. And this is a plot to entice users to believe the actual platform produces the same high results. No trading platform on earth can produce such a high profit margin. You will also not find any robot that can produce such a high return. The market is volatile and making this profit margin is next to impossible.

Deposit and Withdrawal

When it comes to depositing funds, the platform has this process well-covered. Members can deposit funds using available channels. You must first sign up to view the depository channels which is a bit odd. Some of the depository channels include Bank transfer, Credit/debit card, China Union Pay, FasaPay, Skrill, and more. Withdrawing funds is what makes blueberry markets a scam. No one has been able to make withdrawals with this platform. And this is what makes it a scam.

Trading platform

According to the information posted, BlueberryMarkets is using MT4 and MT5 trading platforms. The problem with this website is security as they don’t make it a priority. Lack of DDoS and SSL encryption is proof we are dealing with a security loophole. Hackers can easily take over this platform and steal valuable data. Your credit card information is at risk of falling into the wrong hands. Stay away from the platform as the trading platforms are all unsecured.

Safety of funds with Blueberry Markets

Blueberry Markets Trading Platform

When it comes to safety of funds, you are better off not signing up in the first place. The platform is pooling funds in one account which is against Forex trading regulations. Members are depositing funds straight to owner’s bank account. Blueberry Markets is a scam waiting to pounce on unsuspecting investors. Make sure you never receive calls from their call agents who demand you sign up first.

Scam or legit

Evidence points to the platform having shoddy dealings. We have no option but to state that BlueberryMarkets is a scam. Make sure to warn your family and friends from signing up with this sleazy platform. Mark all their emails as spam and never click on any links sent by their email marketing team.

Bottom line

We will be adding this platform to our scam blacklist and ensure our readers are kept informed.

You should also partner with trusted brokers for a fulfilling trading experience. Ensure you sign up with top rated brokers and stand a chance to win big.

Wishing traders a successful trading period.

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