MyFundedFX pointed out that the decision was prompted by “forceful action from 3rd party providers.”
Recently, the broker ordered prop trading firms to suspend onboarding new customers on MetaTrader.
Blueberry Markets is the latest broker to indicate the end of its support to prop trading firms. Multiple prop trading firms, including MyFundedFX, Funded Nation, and Funded Engineer, have confirmed that the broker has informed them to set all existing accounts to close only.
The Exit of Another Broker?
The decision was made a day after the Australia-headquartered broker ordered the prop trading firms using its service to suspend onboarding new clients on MetaTrader platforms. The latest action indicates that Blueberry is ending its support entirely to prop trading firms.
Finance Magnates approached Blueberry Markets for official confirmation but did not receive any response as of press time.
“Blueberry recently passed the news down that ALL active Blueberry accounts must be off of the platform by the end of the week, and any existing accounts will soon be set to close positions only where you can not open any new positions,” a tweet from by MyFundexFX noted.
The prop trading firm further highlighted:, “These decisions come directly as a result of forceful action from 3rd party providers.” Although the company did not take any name of third-party providers, the only one in question here is MetaTrader, developed by MetaQuotes.
The CEO of MyFundedFX wrote on the official Discord server that the decision of the Blueberry Markets affected more than ten prop trading firms that use the broker’s services. Earlier, other prop trading firms, including Funded Nation and Maven also confirmed the suspension of MetaTrader onboarding by Blueberry. However, they did not update on the latest decision as of press time.
A Top Service Provider to Prop Trading Firms
Blueberry is one of the few brokerages offering prop trading firms' services, especially grey-label trading platforms. It even inked partnerships with multiple prop trading firms after the exit of other brokers from the space. The brokerage was founded in 2015 by Dean Hyde, who is now heading the broker as the Chief Executive Officer.
It is headquartered in Sydney and operates with licenses in Australia, Vanuatu, and St Vincent and the Grenadines.
Earlier, Axi, another Australia-headquartered broker that offers prop trading services, cited the latest crackdown in the industry to question the business model of demo account prop trading, calling it “the beginning of an end.”
Blueberry Markets is the latest broker to indicate the end of its support to prop trading firms. Multiple prop trading firms, including MyFundedFX, Funded Nation, and Funded Engineer, have confirmed that the broker has informed them to set all existing accounts to close only.
The Exit of Another Broker?
The decision was made a day after the Australia-headquartered broker ordered the prop trading firms using its service to suspend onboarding new clients on MetaTrader platforms. The latest action indicates that Blueberry is ending its support entirely to prop trading firms.
Finance Magnates approached Blueberry Markets for official confirmation but did not receive any response as of press time.
“Blueberry recently passed the news down that ALL active Blueberry accounts must be off of the platform by the end of the week, and any existing accounts will soon be set to close positions only where you can not open any new positions,” a tweet from by MyFundexFX noted.
The prop trading firm further highlighted:, “These decisions come directly as a result of forceful action from 3rd party providers.” Although the company did not take any name of third-party providers, the only one in question here is MetaTrader, developed by MetaQuotes.
The CEO of MyFundedFX wrote on the official Discord server that the decision of the Blueberry Markets affected more than ten prop trading firms that use the broker’s services. Earlier, other prop trading firms, including Funded Nation and Maven also confirmed the suspension of MetaTrader onboarding by Blueberry. However, they did not update on the latest decision as of press time.
A Top Service Provider to Prop Trading Firms
Blueberry is one of the few brokerages offering prop trading firms' services, especially grey-label trading platforms. It even inked partnerships with multiple prop trading firms after the exit of other brokers from the space. The brokerage was founded in 2015 by Dean Hyde, who is now heading the broker as the Chief Executive Officer.
It is headquartered in Sydney and operates with licenses in Australia, Vanuatu, and St Vincent and the Grenadines.
Earlier, Axi, another Australia-headquartered broker that offers prop trading services, cited the latest crackdown in the industry to question the business model of demo account prop trading, calling it “the beginning of an end.”
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Finalto Unveils Guidelines for Retail Brokers: "Compliance Is a Culture of Responsibility"
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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