By becoming a wholesale client, you’ll be able to trade and gain access to information that is suitable to your level of trading experience. You’ll have access to higher leverage, as well as power-packed priority service, lightning-fast trade execution, raw spreads and further reduced commissions on trades.
In Australia, clients are categorised as either retail or wholesale clients under the Corporations Act 2001 (Cth).
There are two ways of assessing whether a client can be classified as wholesale. If you meet one of the test’s criteria, you will be approved as a Blueberry Pro client.
If you're approved as a Blueberry Pro, retail trading protections will no longer apply to you. Therefore, it’s important to consider the potential ramifications of this upgrade to wholesale status.
Up to 1:200 leverage
Bespoke low commissions per trade
A dedicated Account Manager and 24/7 award-winning* customer service
Know what it feels like to be a VIB (Very Important Blueberry)
As a Blueberry Pro, the following restrictions won't apply to you:
As a Blueberry Pro, the following restrictions won't apply to you:
Lower leverage
Compulsory margin close-out at 50%
Retail negative balance protection
Product Disclosure Statement (PDS) and Financial Services Guide (FSG) information
Complaints to the Australian Financial Complaints Authority (AFCA) are at AFCA’s discretion
(Approved via Experience Test)
(Approved via Wealth Test)
You will be eligible for a Level 1 Pro account if you meet these criteria:
You earn a Pass score (80-100%) in our online Knowledge Assessment; and
We are satisfied of your knowledge and experience through a follow-up telephone discussion; and
Your notional volume of past trades is at least $2,000,000 over the past two (2) years; and
We are satisfied that your past trading activity demonstrates experience.
You will be eligible for a Level 1 Pro account if you meet these criteria:
You earn a Pass score (80-100%) in our online Knowledge Assessment; and
We are satisfied of your knowledge and experience through a follow-up telephone discussion; and
Your notional volume of past trades is at least $2,000,000 over the past two (2) years; and
We are satisfied that your past trading activity demonstrates experience.
You will be eligible for a Level 2 Pro upgrade if you meet these criteria:
Your minimum net assets are worth AUD$2.5 million; or
Your minimum gross annual income is AUD$250,000 for each of the last two (2) years.
You will be eligible for a Level 2 Pro upgrade if you meet these criteria:
Your minimum net assets are worth AUD$2.5 million; or
Your minimum gross annual income is AUD$250,000 for each of the last two (2) years.
You can apply by talking to your Account Manager about it or check your eligibility according to our criteria and send us a message about your interest in switching to Blueberry Pro at [email protected]
You need to be a Blueberry Markets live trading account holder before applying to become a Blueberry Pro. If you haven’t yet, create a Live Account with us here.
It depends on the type of evaluation that will be done on your account as we process your request. For specific requirements, feel free to talk to your Account Manager or send us a message via live chat.
First, interested applicants need to answer and pass the Sophisticated Investor test. This is a 25-question test designed to determine your trading experience. Once you have passed the test, you will hear from us either via phone call or email telling you about the next stage of the evaluation, which may require you to provide additional information about your trading experience.
The Pro Level you would be approved for will depend on which eligibility criteria test you will pass.
Your best trading experience is just a click away.