Proprietary trading firm Blueberry Funded announced that it paid out $2.3 million to traders in its first year of operation, according to figures released this week. The firm, which launched in mid-2024, operates as a subsidiary of Australian brokerage Blueberry.
Broker Expands into Prop Trading Space
Blueberry Funded is under Blueberry Markets, a forex and contracts for differences (CFDs) broker that previously provided services to several proprietary trading firms.
The company announced last year that it had launched its own prop trading services under the brand Blueberry Funded. Blueberry Markets is headquartered in Australia and is locally regulated by ASIC .
Previously, Blueberry Markets was among the brokers that offered technological infrastructure—such as grey-labelled MetaTrader licenses—to proprietary trading firms.
However, that arrangement was disrupted after MetaQuotes, the developer of MetaTrader, began restricting the platform’s use by prop firms operating in the United States.
More Brokers Embrace Prop Trading
At some point, Blueberry Markets abruptly ceased its services to these firms, leading to temporary outages across multiple prop trading platforms as they scrambled to integrate alternative solutions.
You may also like: Forex Volumes Surges 30% at World's Biggest Exchange
Now, Blueberry Markets has joined a growing list of brokers entering the proprietary trading business directly. The move follows similar launches by ThinkMarkets, IC Markets, Traders Trust, and Trade.com, all seeking to capitalize on the rising popularity of funded trader programs.
And recently, Blueberry Funded has expanded its evaluation program to include contracts for difference (CFD) stock trading challenges. The move gives aspiring traders access to more than 1,000 individual stocks via the MetaTrader 5 and DXtrade platforms.The company also brought Blueberry Funded Synthetic Indices.
