However, existing prop trading customers using MT via the broker are unaffected.
The brokerage is reportedly missing from the MetaTrader app.
Another storm has hit the prop trading industry as Blueberry Markets recently decided to restrict grey-labeling its MetaTrader licenses to prop trading firms. Several prop trading firms have confirmed that the brokerage requested them to pause new onboarding on MetaTrader.
Another Broker Folded?
Amidst the upheaval among many prop trading firms, it has been clarified that the decision did not affect the existing clients using MetaTrader on Blueberry Markets, at least for now. Existing customers are able to continue to use the platform without interruption.
The service disruption affected non-United States customers of prop trading firms. None of the brokerages offering support to prop trading firms are now offering MetaTrader for US customers after the alleged crackdown by MetaQuotes last month.
According to Jon Alexander, the CTO of prop firm Maven Trading, Blueberry Markets' move was unexpected, given the brokerage's absence from the MetaTrader app.
“We are currently pausing new purchases for MT products for the time being. They have requested that we stop onboarding new clients onto MT products until they get further clarity from MT as to why their brokerage is missing from the MT app,” Alexander noted.
“BBM has assured us that existing MT clients may continue to trade without concern.”
Finance Magnates reached out to Blueberry Markets for official confirmation but did not receive any response as of press time.
Storm in Prop Trading
Blueberry Markets is one of the few brokers offering services to the prop trading industry. With the latest exit of Purple Trading, Eightcap, and ThinkMarkets from offering MetaTrader to prop trading firms, multiple firms in this sector have tapped the services of Blueberry Markets. While Purple Trading and ThinkMarkets continue to provide alternative MetaTrader solutions to prop trading firms.
Blueberry Markets is headquartered in Australia and is locally regulated by ASIC. Additionally, the broker has two offshore licenses: one in Vanuatu and the other in St Vincent and the Grenadines. Recently, it onboarded Govinda Pathak as the Head of Marketing.
Another storm has hit the prop trading industry as Blueberry Markets recently decided to restrict grey-labeling its MetaTrader licenses to prop trading firms. Several prop trading firms have confirmed that the brokerage requested them to pause new onboarding on MetaTrader.
Another Broker Folded?
Amidst the upheaval among many prop trading firms, it has been clarified that the decision did not affect the existing clients using MetaTrader on Blueberry Markets, at least for now. Existing customers are able to continue to use the platform without interruption.
The service disruption affected non-United States customers of prop trading firms. None of the brokerages offering support to prop trading firms are now offering MetaTrader for US customers after the alleged crackdown by MetaQuotes last month.
According to Jon Alexander, the CTO of prop firm Maven Trading, Blueberry Markets' move was unexpected, given the brokerage's absence from the MetaTrader app.
“We are currently pausing new purchases for MT products for the time being. They have requested that we stop onboarding new clients onto MT products until they get further clarity from MT as to why their brokerage is missing from the MT app,” Alexander noted.
“BBM has assured us that existing MT clients may continue to trade without concern.”
Finance Magnates reached out to Blueberry Markets for official confirmation but did not receive any response as of press time.
Storm in Prop Trading
Blueberry Markets is one of the few brokers offering services to the prop trading industry. With the latest exit of Purple Trading, Eightcap, and ThinkMarkets from offering MetaTrader to prop trading firms, multiple firms in this sector have tapped the services of Blueberry Markets. While Purple Trading and ThinkMarkets continue to provide alternative MetaTrader solutions to prop trading firms.
Blueberry Markets is headquartered in Australia and is locally regulated by ASIC. Additionally, the broker has two offshore licenses: one in Vanuatu and the other in St Vincent and the Grenadines. Recently, it onboarded Govinda Pathak as the Head of Marketing.
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!
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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:
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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!
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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:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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