Skip to content
Lantern Review
104 brokers measured60 pricedmedian 7.0 USDformula v1.0Data captured 03.10.2026Some links are partner links. They never change a score or a position.
Score recalculated 03.10.2026

Blueberry Markets — South Africa

Key facts (8)

Who actually onboards you
Served via offshore Blueberry Markets (Mauritius) Ltd / Blueberry Mark
Licence number
GB24203929
Established
2016group
Min deposit, USD
not stated
Platforms
MT4 · MT5 · TradingView · Blueberry X
Local funding
No ZAR-specific rails verified; Visa/Mastercard,
Max leverage
500geo
EURUSD
1.0 pipsgroup

This broker against the South Africa middle (60 of 104)

Blueberry MarketsSouth Africa median
Round turn, USD7.0 USD7.0 USD
Min deposit, USDno data50.0 USD
Max leverage500geo500.0geo
Withdrawal, h24-48 business hours hgroup24.0 h
EURUSD, standard1.0 pipsgroup1.0 pips
EURUSD, raw0.0 pipsgroup0.0 pips
Established2016group2009.5
Platforms43.0

Accepts residents of South Africa

No

Score (6/6 axes)

3.75 of 5
reviews8525%
cost9020%
safety020%
payouts6015%
track_record5010%
platforms5010%

Ranked against brokers measured on every axis

Licence check

Licence number
GB24203929
Checked
2026-07-09

Register

Who actually onboards you

Served via offshore Blueberry Markets (Mauritius) Ltd / Blueberry Markets (V) Ltd, not the Australian entity.

Offshore entity

Cost per round turn, and the South Africa middle (60 of 104)

Round turn, USD
7.0 USD
Median
7.0 USD

raw+commission

The numbers across South Africa

Round-turn cost, USD (60 of 104)

Median 7.0 · Range 1.5–20.0 USD

Minimum deposit, USD (36 of 104)

Median 50.0 · Range 0.0–1000.0 USD

What each account gives you

Standard (spreads from ~1.0 pip, no commission) and Direct/Raw (0.0 pip + ~USD 7 round-turn); min USD 100.

What the broker publishes about payouts

Withdrawal, h
24-48 business hours hgroup

Reviews

Reviews
4.7/5 from 3,235 reviewsgroup

rated "Excellent" with 4.7 / 5 on Trustpilot

Trading software and asset classes (4)

MT4 · MT5 · TradingView · Blueberry X

300+ instruments: FX, indices, gold, oil, commodities, shares, crypto CFDs.

Trading profits and South Africa tax

SARS taxes residents on worldwide income. Frequent/active forex trading is generally taxed as income at the individual's marginal rate (progressive 18%-45%), not as capital gains. Active traders typically register for provisional tax (IRP6 due end-Aug and end-Feb, plus a third top-up if owing) and file the annual ITR12; trading-related expenses are deductible. Rates/brackets change annually - pres

Where it wins, where it loses

Pros (1)

  • Swap-free account available

Cons (3)

  • Round turn 7.0 USD against a South Africa median of 7.0
  • No local licence: the client is onboarded by a foreign entity
  • Minimum deposit for this country not published

The rest of the shortlist in South Africa (6)

Where it does not serve

United States, Malaysia

Methodology

2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%

Methodology

Verified · what changed · sources (3)

Checked: 2026-07-09

FAQ (5)

Does Blueberry Markets accept residents of South Africa?

No.

Which entity onboards a South Africa client of Blueberry Markets?

Served via offshore Blueberry Markets (Mauritius) Ltd / Blueberry Markets (V) Ltd, not the Australian entity.

What licence does Blueberry Markets hold for South Africa?

Licence GB24203929.

What does one EURUSD lot cost at Blueberry Markets?

7.0 USD per round turn against a South Africa median of 7.0 USD, measured on 60 of 104 brokers.

How long does a withdrawal from Blueberry Markets take?

24-48 business hours hours as published. processes all requests within 24-48 business hours