Your Questions Asked to Blueberry Markets

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#479: Your Questions Asked to Blueberry Markets

In this video:

00:32 – I’m joined by Ben Clay at Blueberry Markets

01:16 – Q #1 – Opening an account

02:09 – Q #2 – Methods to fund an account

03:45 – Q #3 – Banks having issues with opening a trading account

04:58 – Q #4 – What’s the smallest account size?

07:07 – Q #5 – Making a request for something different from Blueberry Markets

07:46 – Q #6 – New markets available to trade

08:55 – Q #7 – How secure are my funds if I don’t live in Australia?

10:02 – Contacting Ben Clay directly at [email protected] 

Andrew Mitchem:

Last week, I put some questions to our database and we've had some fantastic replies. We're going to interview Ben Clay at Blueberry Markets and find out how Blueberry can help you as a forex trader. Let's get into that and more right now.

Hi everybody. Andrew Mitchem here at the Forex Trading Coach with video and podcast number 479.

I’m joined by Ben Clay at Blueberry Markets

We are very lucky today to be joined by Ben Clay, who's the partners manager over at Blueberry Markets. Welcome along Ben. Ben, how are you?

Ben Clay:

Thank you. Very well, Andrew. Always a pleasure to be here. Thanks for having me again.

Andrew Mitchem:

Awesome. Well, just to recap, last week I sent an email out to our database asking for people to come through with a group of questions, knowing that I was going to interview you this week and to be able to put those questions to you. So, thank you very much for helping out with these questions that we have to ask you.

So first one is from Steve, and Steve says he's never opened an account before. What is the process, and how complicated is it to set one up?

Q #1 – Opening an account

Ben Clay:

Yep, pretty straightforward. The application itself takes three to four minutes to complete on our website, and then you just need to upload the ID documents that it will request. Typically one government issued photo ID and then a proof of address that was issued in the last 90 days. And you can upload all that in the portal. The account's typically open within a few hours, or 24 hours or so.

Andrew Mitchem:

Cool. So pretty straightforward, really. In terms of opening a demo, how's that been?

Ben Clay:

That's basically the same. You would do that straight on our website. There's a section there that just says "Open a demo account." That's a lot faster. Obviously, you don't need to upload any ID documents. But there'll be two buttons on our website. "Open a demo account," "open a live account," and you can follow the steps there. And you can get demo accounts up and running within the client portal as well.

Andrew Mitchem:

Okay, awesome. No, I hope that answers that one for you, Steve.

Q #2 – Methods to fund an account

We have a question here from Gidivo, and it's regarding funding the accounts. And this specific question was about can I fund on a MasterCard credit card and fund and withdraw that way? Because in some countries that's possibly a little bit easier than going through online banking system. Can you let us know what sort of different ways someone can fund and also withdraw?

Ben Clay:

Absolutely. So MasterCard and Visa is completely fine. That's probably the most common deposit method and withdrawal method we see. Typically, when you're using a MasterCard or Visa to deposit, you would fund the initial amounts with Visa or MasterCard, and then withdraw that same amount back to the Visa or MasterCard. And then any profits can typically be sent via bank wire. We also accept crypto deposits if you have a US dollar denominated account, as well as bank wire, Scrille, Nettella. We had PayPal for some countries. Here in Australia,