Eightcap vs Blueberry Markets Raw Account Cost Per Lot: Tied

On the Eightcap vs Blueberry Markets raw account cost per lot question, the published schedules agree: both charge $3.50 per standard lot per side on forex, which is $7.00 round turn, or 0.70 pips at ten dollars a pip. Both advertise spreads from 0.0. The commission line is a tie, and the argument moves elsewhere.

Updated 3 October 2026: new title and summary; both price lists re-read; Blueberry crypto row, a third-party Blueberry spread average and an extended safety FAQ.

A head-to-head comparison page this desk read for this pairing on 11 September 2026, last updated in December 2022, printed Eightcap’s $3.50 as “per lot round turn”, while Eightcap’s own account-options table says per standard lot, both sides — one side, so $7.00 for the round turn. This piece is not news and does not pretend to be: it is an audit of two published price lists, read on 11 September 2026 on the firms’ own websites.

Eightcap vs Blueberry Markets: what each raw account publishes per lot

Eightcap’s account-options page carries a two-column comparison of its Standard and Raw accounts. Blueberry Markets puts its equivalent on a trading-conditions page, split by contracting entity, with a note that the figures apply to Direct (Raw) accounts. Both pages were re-read on 3 October 2026 and carried the same commission lines.

Two things about that table before anything is added up. Eightcap states its commission in the account base currency, so the dollar figure is the USD, AUD, NZD, SGD or CAD case and a euro or sterling account prices differently. Blueberry states the opposite arrangement: commissions charged in USD, with currency conversion possibly applying.

The conversion, and why 0.70 pips is the number that matters

One standard lot of a USD-quoted major such as EUR/USD is 100,000 units, and one pip on it is worth about ten US dollars. Commission per side, doubled for the round turn, divided by ten, is commission expressed in pips.

The conversion does not hold for a JPY cross, for a non-USD-quoted pair, or for a lot size other than 100,000 units — the pip value moves and the conversion moves with it. It also does not hold for Eightcap’s GBP or EUR base currencies, where the schedule charges 2.25 and 2.75 respectively.

The last line is arithmetic this desk did not find printed on either broker’s page or on the comparison pages it read for this pairing. Eightcap’s own commission-free account is not automatically the expensive option: it becomes the cheaper of the two the moment the Raw spread on the instrument you trade sits above 0.30 pips, because 0.30 plus 0.70 of commission equals the Standard floor of 1.00. Below 0.30, Raw wins.

What the floors do not tell you

“From 0.0 pips” remains the least informative statistic a spread distribution can produce, and reliably the one set in the largest type — a complaint this desk has made at length before. Neither firm’s fetched pages gave an average spread by instrument, which means the 0.70-pip figure above is a floor for both and a cost for neither. Whichever broker’s live EUR/USD spread runs tighter takes the pair, and that is a number a reader can only get from a live account or a third-party feed. One side now has a third-party figure: Compare Forex Brokers’ Australian lowest-spread guide, read on 3 October 2026, lists Blueberry Markets Direct at a 0.36-pip eight-pair average, A$7.00 round turn, captured 22 to 24 September 2026. That measures the publisher’s Australian account, not the Vanuatu or Mauritius entities.

The method here is the same one applied to Fusion Markets and Tickmill last month, where the converted commissions came out at 0.45 and 0.60 pips. Against that scale, 0.70 is not the cheapest raw commission on the market; it is what both of these two charge.

Who signs the agreement, and what the pages actually say

Blueberry Markets’ trading-conditions page splits by entity: Blueberry Markets (V) Ltd, incorporated under the Vanuatu Financial Services Commission, company number 700697, holding Licence Classes A, B and C under the Financial Dealers Licensing Act; and Blueberry Markets (Mauritius) Ltd, Mauritius company number 218548, holding Global Business Licence GB24203929 under the Financial Services Act as a full service dealer excluding underwriting. The same footer names Blueberry Prime Partners Pty Ltd, ABN 57 140 275 869, AFSL 364411, and attaches that Australian licence to payment processing rather than to the trading relationship.

Eightcap’s footer, on the page read here, names Eightcap Global Limited under the Securities Commission of The Bahamas (SIA-F220), Eightcap International Ltd under the Seychelles Financial Services Authority (FSA SD100), and Eightcap International Trading under the Mauritian Financial Services Commission (GB25204603). No Australian or UK entity appeared in the window fetched, and this desk makes no claim about entities it did not read.

One practical note on the Eightcap read: the English account-options URL redirected to a locale-served version of the same page, where every figure appears in Latin numerals. Blueberry’s account-types page returned navigation only in the fetched window, so no Standard-account cost line for that broker is quoted here — the trading-conditions figures are explicitly labelled as Direct (Raw).

Questions readers ask

Is Eightcap or Blueberry Markets cheaper? On the published forex commission for their raw accounts, neither. Eightcap’s Raw account and Blueberry Markets’ Direct account both state $3.50 per standard lot per side, which is $7.00 round turn, or 0.70 pips on a USD-quoted standard lot. Both quote a 0.0-pip spread floor. The difference has to come from live spreads, which neither firm published as a saveable table on the pages read here. Compare Forex Brokers averages Blueberry’s Australian Direct account at 0.36 pips.

How much commission does Eightcap charge per lot? Eightcap’s account-options table states the Raw account commission as $3.50 in AUD, USD, NZD, SGD or CAD, GBP 2.25 or EUR 2.75, charged per standard lot traded, both sides. The prose above the table repeats it as per lot, per side. So $3.50 is one side and $7.00 is the USD round turn. The Standard account carries no commission outside shares.

How safe is Blueberry Markets, and is it ASIC regulated? This desk did not open the ASIC register, so it makes no finding. What Blueberry Markets’ own trading-conditions page states is that its trading entities are Blueberry Markets (V) Ltd under the Vanuatu Financial Services Commission and Blueberry Markets (Mauritius) Ltd under the Mauritius FSC. The AFSL in the footer, 364411, is attributed to Blueberry Prime Partners Pty Ltd for payment processing. Compare Forex Brokers’ review says its Vanuatu and Mauritius clients lack statutory negative balance protection.

What is the minimum deposit at Eightcap? The account-options comparison table read on 11 September 2026 lists a $100 minimum deposit, shown against both the Standard and the Raw account rather than against one of them. The same table gives a minimum trade size of 0.01 lots and a maximum of 100 lots, an 80% margin call level and a 50% stop-out level on both account types.

Is Eightcap Raw or Standard cheaper? That depends on one number the broker does not publish on the page read here. Raw carries 0.70 pips of commission round turn on top of whatever the live spread is; Standard adds no commission but quotes from 1.0 pips. Standard beats Raw only while the Raw spread stays above 0.30 pips. Below that, Raw wins.

The sources are the brokers’ own published pages: Eightcap’s account options comparison and Blueberry Markets’ trading conditions, both read on 11 September 2026, re-read on 3 October 2026, and quoted as published rather than as effective-dated. Neither page carried a version stamp in the window read. For the platform-cost side of the same ledger, see the desk’s Helio and TradeLocker comparison. Trading involves substantial risk of loss. Nothing on this site is financial advice.