Marcus Fetherston has been appointed General Manager at Blueberry Funded, a proprietary trading firm operated by Blueberry Markets, Finance Magnates has learned through his LinkedIn profile.

Blueberry Funded Adds Leader

Before joining Blueberry Funded, Fetherston held several positions in the financial sector. Most recently, he was the Director and Chief Product Officer at PropTradeTech, a role he occupied from March 2023 to June 2024. PropTradeTech is a Melbourne-based firm specializing in trading technology.

Prior to PropTradeTech, Fetherston served as Director of Operations at Eightcap from September 2020 to March 2023. Eightcap is also headquartered in Melbourne and operates within the financial markets sector.

Fetherston's career includes experience at Pepperstone, where he worked in various roles from July 2017 to August 2020. His positions there ranged from Operations Officer to Operations Team Lead and Responsible Manager. Pepperstone is a global brokerage firm.

Earlier in his career, Fetherston was a Customer Service Representative at Commonwealth Bank from October 2015 to July 2016. This role involved direct client interaction and support in the banking sector.

“Joining Blueberry Funded represents a unique opportunity to lead a firm that prioritizes both innovation and trader support. Blueberry Funded stands out by providing up to $400,000 in simulated capital and access to leading trading platforms like MT4, MT5, and DX Trade,” said Fetherston.

“Our focus on rigorous and sustainable prop evaluations ensures that traders are not only equipped to succeed but also supported in fostering long-term trading growth.”

Prop Trading Panel Discussion

Fetherston participated as a speaker in a panel discussion titled “Prop Trading for Retail Brokers: Viability or Liability?” at the Finance Magnates London Summit 2023. During the session, industry experts examined the intersection of prop trading and retail brokerage services, highlighting emerging trends and potential opportunities for collaboration.

Recently, Finance Magnates interviewed James Glyde, Founder and CEO of PipFarm, about the challenges of managing risk in prop trading. Glyde highlighted that while prop trading and CFDs share a common origin, they differ significantly in risk management. “The risk is incredibly hard to manage in the prop trading industry,” he noted, adding that it is often assumed that traders will incur losses.

Meanwhile, Bullo, a fintech startup, has finished its Series A funding round and will temporarily pause proprietary trading services while it seeks regulatory licenses in several Tier 1 jurisdictions. This decision addresses the regulatory uncertainties affecting prop firms and aims to mitigate associated risks.