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Forex Niche

Blueberry Markets Launches Its Own Prop Trading Brand: Blueberry Funded

Blueberry Funded Brand Set to Launch Soon

The Blueberry Funded website is now live, but it currently doesn't display details of the services to be offered. Instead, it shows a countdown timer, which likely indicates the platform's launch time. According to first-hand information obtained by our site, the official launch is expected on August 7th.

Blueberry Markets, a forex and CFD broker that previously provided services to many prop firms, is now launching its own prop trading service under the Blueberry Funded brand.

Headquartered in Australia and regulated by ASIC, Blueberry Markets also holds two offshore licenses: one in Vanuatu and another in Saint Vincent and the Grenadines.

The broker's product range includes margin forex and CFDs on indices, stocks, commodities, and cryptocurrencies.

In the past, Blueberry Markets was one of the brokers providing technical services to other prop firms, including white-label services for MetaTrader licenses. However, disruptions occurred when MetaQuotes (the developer of MetaTrader) began cracking down on prop firms using its platform to offer services in the United States.

Blueberry Markets suddenly suspended its services to prop firms, causing many prop trading platforms to temporarily halt their services until they could find and integrate alternative trading platforms.

Rising Demand for Prop Trading

Blueberry Markets is one of many brokers launching prop trading services.

ThinkMarkets and IC Markets are among the brokers that have recently introduced prop trading services, as this type of service is popular in the retail trading sector. Earlier entrants to the market include OANDA, Hantec Markets, and Axi.

In addition to brokers, there now appear to be hundreds of prop trading brands in operation, most of which are smaller brands. Interestingly, many prop trading brands have recently shut down their services for various reasons.

Reference:Blueberry Markets Is the Latest CFDs Broker to Launch Prop Trading Platform