CMC Markets
A heavyweight, multi-regulated broker offering zero-deposit access to global markets since 1989.
- Min deposit
- $0
- Max leverage
- 1:500
- Spread from
- 0.7 pips
- Regulators
- FCA, ASIC, MAS
CMC Markets and Blueberry Markets both target active forex and CFD traders, but they take very different approaches to fees, regulation, and platform design. Our 2026 analysis breaks down exactly which broker deserves your deposit.
A heavyweight, multi-regulated broker offering zero-deposit access to global markets since 1989.
A spread-focused ASIC-regulated broker built for cost-conscious scalpers running MT4 or MT5.
Core features compared head-to-head.
| Feature | CM CMC Markets | BM Blueberry Markets |
|---|---|---|
| Overview | ||
| Rating | 4.0 / 5 | 3.2 / 5 |
| Founded | 1989 | 2016 |
| Headquarters | London, UK | Sydney, Australia |
| Regulation | FCA, ASIC, MAS | ASIC |
| Fees & Limits | ||
| Min Deposit | $0 | $100 |
| Spreads From | 0.7 pips | 0 pips |
| Commission | None | $3/lot |
| Max Leverage | 1:500 | 1:500 |
| Platforms & Markets | ||
| Trading Platforms | Proprietary Web, Proprietary Mobile, MT4 | MT4, MT5 |
| Markets Offered | Cfd, Forex, Stocks, Indices, Commodities, Crypto | Forex, Cfd, Indices, Commodities, Crypto |
CMC Markets
$0
Blueberry Markets
$100
CMC Markets
0.7 pips
Blueberry Markets
0 pips
CMC Markets
None
Blueberry Markets
$3/lot
CMC Markets
None
Blueberry Markets
None
CMC Markets
None
Blueberry Markets
None
CMC Markets is our recommended pick overall, earning a 4.0/5 rating compared to Blueberry Markets's 3.2/5 on our independent scoring system. CMC Markets wins on regulatory depth, accessibility with a $0 minimum deposit, and a mature proprietary platform suite. Blueberry Markets fights back with genuinely tighter raw spreads from 0 pips, making it a strong niche pick for high-frequency scalpers who can absorb its flat commission structure. For the majority of traders, however, CMC Markets delivers the stronger all-round package.
Regulatory strength is one of the clearest differentiators in this matchup. CMC Markets is licensed by three tier-1 regulators: the FCA in the UK, ASIC in Australia, and MAS in Singapore. That kind of multi-jurisdictional oversight is a strong signal of long-term operational stability and client fund protection.
Blueberry Markets, by contrast, is regulated solely by ASIC. While ASIC is a respected regulator in its own right, relying on a single licence gives traders less geographic flexibility and fewer overlapping compliance safeguards.
For traders who prioritize capital safety above all else, CMC Markets' broader regulatory footprint and 1989 founding date (versus Blueberry Markets's 2016 launch) suggest a longer, more tested track record in the industry.
This is the one category where Blueberry Markets pulls ahead decisively. Its spreads start from 0 pips, appealing directly to scalpers and high-volume algorithmic traders who count every fraction of a pip. That said, Blueberry Markets charges a flat $3 per lot commission, so the 'true cost' of a trade needs to be calculated holistically rather than judged on spread alone.
CMC Markets takes the opposite approach: spreads start from 0.7 pips, but there is no separate per-trade commission charged on standard accounts. For traders who dislike calculating blended costs, this simpler all-in-spread model can be easier to budget around.
Neither broker charges deposit or withdrawal fees, which is a welcome point of parity. Ultimately, cost-conscious scalpers may lean toward Blueberry Markets, while swing and position traders may find CMC Markets' commission-free structure more predictable over time.
CMC Markets requires no minimum deposit at all, making it immediately accessible to beginners, students, or anyone wanting to test the platform with a small amount of capital before committing further.
Blueberry Markets asks for a $100 minimum deposit. That's still a modest barrier to entry by industry standards, but it is a meaningfully higher hurdle compared to CMC Markets' $0 requirement.
For newer traders building confidence and capital gradually, CMC Markets' zero-deposit policy is a tangible practical advantage.
CMC Markets offers its own proprietary web and mobile platforms alongside MT4 support, giving traders a choice between an in-house, feature-rich environment and the familiarity of the industry-standard MetaTrader ecosystem.
Blueberry Markets sticks to the MetaTrader family exclusively, supporting both MT4 and MT5. This is a smart move for traders who specifically want MT5's expanded order types, timeframes, and scripting capabilities, since CMC Markets does not list MT5 support.
On market range, CMC Markets edges ahead slightly by including stocks alongside CFDs, forex, indices, commodities, and crypto. Blueberry Markets covers forex, CFDs, indices, commodities, and crypto, but does not list standalone stock trading.
Both brokers offer identical maximum leverage of 1:500, so neither has an inherent edge in this department. Traders choosing between the two purely on leverage availability will find no practical difference.
Where conditions diverge is in the overall cost structure discussed above, and in the regulatory environment that governs how that leverage can be applied depending on your residency and account type.
CMC Markets is our top overall pick in this comparison, backed by a stronger 4.0/5 rating, deeper regulatory coverage across three tier-1 authorities, and a more beginner-friendly $0 minimum deposit. Its blend of proprietary platforms and MT4 access gives traders flexibility without added commission costs.
Blueberry Markets remains a credible, specialized alternative, particularly for cost-focused scalpers chasing 0 pip spreads and MT5 functionality. However, its single-regulator status and $3/lot commission structure mean it suits a narrower slice of the trading population.
If you value broad regulatory protection, low entry barriers, and platform variety, CMC Markets is the stronger all-around choice. If raw spread cost and MT5 access are your top priorities, Blueberry Markets deserves serious consideration.
The bottom line — category winners and our final pick based on ratings.
CMC Markets edges out Blueberry Markets overall based on our expert rating score.
Highest Rated
CMC Markets
4.0 / 5 / 5
Category winners
Overall winner
Based on overall expert rating (4/5).
Better for beginners
Stronger onboarding and educational resources.
Lower trading costs
More competitive spreads and baseline commissions.
Stronger regulation
Higher trust based on tier-1 regulatory oversight.
Risk warning: Trading CFDs and forex involves significant risk of loss and is not suitable for all investors. Please consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.