Blueberry Markets, a forex and contracts for differences (CFDs) broker that previously provided services to many prop trading firms, is now launching its own prop trading services under the brand Blueberry Funded.
Another CFDs Broker Launches Prop Trading
Although Blueberry Funded's website is now live, it does not show any details of the services to be offered. It only displays a countdown of more than 12 days, which might be for the platform's launch.
Finance Magnates reached out to Blueberry Markets for details on the upcoming prop trading services but has not received a response as of press time.
Blueberry Markets is headquartered in Australia and is locally regulated by ASIC. The broker also has two offshore licenses: one in Vanuatu and the other in St. Vincent and the Grenadines. The broker's offerings include margin forex and CFDs of indices, shares, commodities, and cryptocurrencies.
Earlier, Blueberry Markets was one of the brokers that provided technological services, including grey labelling of their MetaTrader licenses, to other prop trading firms. However, disruptions occurred as MetaQuotes, the developer of MetaTrader, started to crack down on the use of its platform by prop trading firms offering services in the United States. The suspension of Blueberry Markets’ services for prop trading firms overnight even resulted in the suspension of services of many prop trading platforms until they found and integrated an alternative trading platform.
Rising Demand for Prop Trading
Meanwhile, Blueberry Markets is one of many brokerages that have launched prop trading services. ThinkMarkets, IC Markets, Traders Trust, and Trade.com are some of the brokerages that have recently launched prop trading services amid the popularity of such services in the retail trading space. The ones that entered the space first include OANDA, Hantec Markets, and Axi.
Apart from the brokers, hundreds of prop trading brands appear to be operating now, almost all of which are smaller ones. Interestingly, many prop trading brands have shuttered their services recently, citing different reasons.
