I've worked as an Introducing Broker (IB) for 18 years across numerous brokerages, and had been an IB with Blueberry Markets for some time before this. Based on my recent experience, I believe Blueberry knowingly let me walk into a trap.

The trap: My referred client stopped trading months before I began trading my own account. If that trading breached policy, Blueberry had months to review it and tell me — they didn't. Instead, they let my Partner account stay active, let me transfer my accumulated rebates into a new live account, let me deposit funds via BVNK, and let me trade with real market risk, with zero warning my rebates were in question. Had I lost money, that loss would have been entirely mine. I only heard from Blueberry after I traded profitably and requested a withdrawal — at which point they reached back into that closed matter with no bearing on my own trading to freeze my account, cut portal access, and retroactively call my rebates illegitimate.

Unanswered questions:

1) Why wasn't I told at the time if that old trading breached policy?

2) Why let me stay active, transfer rebates, deposit funds, and take on real market risk with no warning?

3) Why notify me only after I profited and requested withdrawal — not when I was at risk of loss?

4) What objective evidence shows my client's trading was "churning"? None has been given, despite repeated requests.

5) If the trading was illegitimate, why did my client withdraw both profits and rebates without issue? If it wasn't, why were my rebates from the same activity denied? Blueberry can't have it both ways.

Evidence ignored: I provided a full video of my manual trading session — every trade entered/exited by hand, based on technical analysis. Blueberry still hasn't named a single trade or strategy that breached anything. (Video public on YouTube: "Account #9103711 6 July 2026.") The recording also shows positions closing several seconds apart, one at a time — see for youselves.

Cost: I offered to forfeit my USD 15,664 manual discretionary trading profit as a compromise. Blueberry still sought to withhold my USD 34,992 in accumulated rebates.

In 18 years as an IB, I've never seen a broker call a client's trading "not genuine" while letting that client keep their profits and rebates — yet deny the Partner's commission on the identical activity.

This is not an isolated incident. Several reviews posted here describe similar patterns — funds withheld, accounts restricted after profitable trading. When multiple reviewers independently describe the same sequence, that stops looking like a series of unrelated disputes and starts looking like a pattern.

Before you decide, put yourself in this scenario: you're allowed to transfer your funds, take on real market risk, and trade with no warning — then, only once you're profitable, a broker reaches back months into a closed matter to strip your earnings, with no evidence shown. Ask yourself honestly whether that would sit right with you if it happened to you. Make your own decision based on that.

Don't take a one-star or five-star review at face value — look for reviews with documentation behind them, and decide for yourself.

In my experience, when a broker starts withholding or delaying rebate payments, it's often an early sign of operational or financial strain at the firm.

ery Disappointing Experience

I had a very disappointing experience with Blueberry Markets. After making profitable trades, they stopped my profits from being paid out and justified it by claiming there were issues related to "TCM liquidity." This explanation was vague and did not provide clear evidence or a satisfactory reason for withholding my profits.

As a trader, I expect transparency, fair treatment, and clear communication. Instead, I was left with generic explanations that did not address my concerns. Based on my experience, I would advise others to carefully review the broker's terms and consider the potential risks before trading with them.

I requested someone call me and they did. The rep's name was Alex and he was so very patient with me, took teh time to explain what I needed to know and he ensured I was comfortable and at ease before we ended the call. I would say that having access to the team at Blueberry to talks things out makes a big difference. And Alex's care was top notch. He even offered to have an additional call with me to explain some things in deeper detail.

I am a customer who has traded with Blueberry Markets since 2023. Throughout my time there, I have experienced numerous losses and account liquidations, yet I continued to trust and use their services. However, when trades yielded profits, the platform arbitrarily cut my profits or offered unconvincing reasons to refuse payment of my legitimate profits.

I believe this is an unethical practice that goes against the principles of fairness in financial trading. If customers bear the full risk of losses, then when profits are achieved, the platform should also be responsible for respecting the trading results and paying out the full amount as per regulations.

I request that Blueberry Markets clearly explain the legal basis and specific terms that led to the cutting of my profits, and return all withheld profits as soon as possible. If I do not receive a satisfactory response, I will continue to file complaints with regulatory agencies, reputable rating organizations, and publicize the case to protect my legitimate rights.
Furthermore, throughout my trading experience, I frequently received calls, emails, and messages from the customer service team, including Vietnamese-speaking support staff, to introduce bonus programs and encourage further deposits. These programs were always promoted as advantages that increase capital and trading opportunities.

However, from my actual experience, these bonuses do not actually reduce risk for customers; on the contrary, they can encourage traders to open larger volumes, accept higher risks, and more easily lead to account liquidation. When customers incur losses, they bear all the losses. But when trades are profitable, the platform uses reasons related to bonus terms or internal regulations to cut or refuse profit payments. This leads me to question the true purpose of bonus programs and whether they are being used as a tool to encourage customers to increase their risk while their interests are not adequately protected.

Blueberry Markets' system is designed to trap profitable traders. The well planned scam system is hiding under "professional and reputable broker".
Don't forget, if you lose they win, if you win, they still win.
I want everyone to realize the massive amount of time, mental exhaustion, and international lawyer fees I am being forced to spend simply to get my own deposited money and profits back.
But I am not letting this go. 

I tried to make it as short as possible but believe me, details that I did not write here are even worse than what you see below. Here is the exact timeline.

P.S. Everything I write here is from written email conversations.

In January 30, I made a successful $783 withdrawal. Once I saw no issues in withdrawal, I deposited later again.
After a bit profit later my account stated under review. During an account review, they explicitly told me I could still withdraw. Since my profit was only around $500 then, it was not worth ruining their reputation over so they let me withdraw to build false trust. So it became my second withdrawal. After an exhausting 12-day, 19-email investigation, their Trade Specialists officially cleared my 100% manual trading. I explicitly asked in writing: "Is my new deposit safe? Can I trade exactly as before?" They replied "Yes" to both. It was a complete setup.

Trusting them, I deposited $2,090. In March, they quietly deducted a minor profit right after profitable trades in less than 12 hours. I filed a complaint, providing cross-broker evidence proving the exact same pricing existed across other regulated Tier-1 brokers (proving it wasn't a mere "platform error"). Their Support escalated it on March 29. Compliance then completely ghosted me. During this silence, they voided two short trades simply because I held them for 5-10 minutes. I adapted by holding my new positions for 50-60 minutes. Miraculously, the cancellations stopped. This false security was their trap.

Ignoring my formal complaint was a calculated move to keep me trading. During the Iran-US geopolitical escalation, I have been trading with massive order size. For instance, 5 to 6 open lots with a $5,000 account using 1:500 leverage. Their supposedly "24-hour monitoring team" silently watched me take 100% of this immense risk. If I blew my account, they would gladly keep my money. Since I survived and grew my balance to nearly $9,000, they suddenly woke up.

On April 22, they shut down my account and wiped $7,800 in profits, falsely claiming my trading was just caught by their 24-hour monitoring team. If they truly monitor 24/7, why let me risk my capital for weeks under the illusion my 50-minute trades were acceptable?

To justify the theft, they accused me of exploiting microsecond pricing inefficiencies. Yet, my official MT5 stats show an Average Hold Time of 48 minutes! Accusing someone of exploiting microseconds when holding massive positions for an hour is mathematically absurd.

Under financial regulations, a client's deposit in a "segregated" account is legally untouchable. Yet, they illegally cut deep into my actual, freshly deposited principal confiscating a large portion of it to cover their retroactive profit adjustment! In addition to this, as I said in the beginning, they already answered yes to "Is my new deposit safe?". However, they still stole a big part of it.

I refused to be silenced. Together with my international lawyer, we checked every single detail of their Client Agreement and T&Cs, pinpointed their exact contractual violations, and struck back with a watertight legal dispute. Cornered by the facts, they finally transferred me to their actual Compliance Department on May 5. Only then did the real Compliance team reach out.

I submitted all requested evidence. Now, more than 35 days have passed, and they are illegally stalling past the FinaCom (14 days) and FSC Mauritius (30 days) regulatory deadlines just to exhaust me.

This is only the beginning, and there is more to come, because I will not stay silent about this theft as they expect me to!
My official complaints to FinaCom and FSC Mauritius are going to be filed soon since we are working on it. Furthermore, I will be opening dedicated threads on major industry forums to publicly expose this blatant theft of my labor, effort, risk management, time, and capital to a wider audience.

To avoid this nightmare, do not make mistakes I made. You have three choices:
1) Avoid Blueberry Markets at all cost.
2) Never be profitable.
3) Take your first profit and run away before they trap you.

Easy interface

I opened my Blueberry Markets account in February 2025 and was allowed to trade with 1:500 leverage without any assessment of my trading knowledge, experience, suitability or appropriateness.

After suffering severe losses, I contacted Blueberry Markets on 25 April 2025 and informed them about the devastating impact trading had already had on my life. I described significant financial losses, loss of employment, serious psychological distress and the impact on my family.

Blueberry Markets acknowledged my situation, expressed sympathy and confirmed that they had reviewed my case. However, no protective action was taken regarding my account.

In the months that followed, my situation deteriorated further. Rather than receiving any meaningful protection as a retail client, I continued to have access to 1:500 leverage. During this period I was later granted Blueberry Premium status and received ongoing marketing and promotional communications from the broker.

In June 2026, after I began asking detailed questions regarding account opening procedures, leverage assignment and client protection policies, Blueberry Markets informed me that they had introduced new procedures in September 2025 for clients considered "unfit to continue" trading. Despite this, my account was not suspended until 15 June 2026, more than 13 months after I had first reported the severe consequences trading had caused.

However, I believe other traders should know that when I informed the broker about the serious financial and psychological harm I had experienced, no action was taken to restrict my access to high leverage or to review my suitability to continue trading.

This review is only the beginning of my efforts to publicly document and share the full history of this case, including the way high leverage was provided and how my concerns were handled after I reported the severe consequences it had already caused in my life.

I am sharing my documented experience so that other traders can make their own informed decision when choosing a broker.

Thank you for your response.

However, I do not believe that further communication with Blueberry's compliance department is likely to produce a different outcome. My concerns were already raised with Blueberry in April 2025 and were reviewed by multiple representatives of the company over the past year.

At the time, I was informed that I could escalate my concerns to the VFSC, the regulator responsible for Blueberry Markets (V) Ltd.

As part of my research, I have since taken a closer look at both the VFSC and Vanuatu itself. What I found raised serious questions for me about the level of protection available to retail traders.

Vanuatu is an offshore jurisdiction commonly used by brokers offering very high leverage. Historical assessments of Vanuatu's financial supervision identified significant weaknesses, with some areas receiving a "Noncompliant" rating in international reviews. In addition, Vanuatu has faced international criticism in the past regarding anti-money laundering (AML) and financial supervision standards, leading to various regulatory reforms and corrective actions.

I also found it interesting that the VFSC has a dual role: not only supervising financial companies but also promoting Vanuatu as an international financial centre.

I encourage every trader to do their own research and decide whether this level of regulatory oversight meets their expectations before depositing funds.

A more detailed account of my experience, including correspondence with Blueberry Markets, information about VFSC, and the timeline of events that followed my first report in April 2025, will be published on my blog later this month.

I Try so many brokers but BLUEBERRY is on top highly recomanded this broker
the best thing is MT5 trade execution is so perfect
and my manager is so supportive she is very kind
Thank you Rama for helping me

poor trading condition, inconsistent slippages

Best broker!!!

This broker exceeded my expectations—everything was smooth from start to finish. Deposits and withdrawals were instant, and there trading platform is very friendly easy to open an account and start journey with BLUEBERRY and their customer support was incredibly responsive. I highly recommend them
and special thanks to my My account manager RAMA SHARSHI she is very supportive

It was a great support from Rama (راما) to establish my account and be sure all works fine, Thanks a lot Rama for your support

The language is very clear and understandable.
Very good company

Thank you admin Cherry for kind support me everytime.

Everything is super smooth to be honest , also deposits and withdrawls are very simple , fast and the app has everything i need i didnt even need to support help
Also the server super fast execution , variety of assets and trading costs , honestly all as a trader needs

BE ATTENTION GUYS

“I have had a good experience trading with this broker. The deposit and withdrawal process is smooth and fast. My account manager RAMA SHARCHI is very friendly, professional, and always ready to help. Customer support is responsive and provides clear guidance. Overall, I am satisfied with the service and would recommend it to others based on my experience.

This firm breach account I was 10k up and they go said, we sorry you breach " tos " no explain nothing just got banned so sad the behaviour of this called " propfirm "

I took a challenge with Blueberry Funded which claims to be backed by Blueberry Markets. Blueberry Funded is a scam company who deactivated my funded account for fictitious reasons after I spent days working hard to successfully pass 2 steps of the challenge.

Years ago, I left a review, writing that, in my opinion, the members' area lacked a wallet to protect profits. This feature is now available, and I can confirm that everything works flawlessly. Customer support is very helpful and prompt in resolving any issues. Excellent spreads and quick deposits and withdrawals. Everything is truly efficient. In short, a great broker!