Prop Trading Shake-up: Blueberry Market’s MetaTrader Halt

In recent developments within the prop trading sector, Blueberry Markets has made a strategic decision to restrict the grey labeling of its MetaTrader licenses for prop trading firms.

While Purple Trading and ThinkMarkets continue to offer alternative MetaTrader solutions to prop trading firms, Blueberry Markets distinguishes itself by pausing new client onboarding.

Despite sparking discussions among prop trading firms, the decision is suggested to have no immediate impact on existing clients using MetaTrader on Blueberry Markets. Current customers are reportedly able to continue trading on the platform without any reported disruptions.

The service interruption appears to have specifically impacted non-United States customers of prop trading firms. Following a MetaQuotes crackdown last month, it is allegedly reported that none of the brokerages supporting prop trading firms currently provide MetaTrader services to customers in the United States.

In response to Blueberry Markets' unexpected decision, Jon Alexander, Chief Technology Officer (CTO) of prop firm Maven Trading, expressed surprise, emphasizing the alleged absence of the brokerage from the MetaTrader app. Maven Trading is currently pausing new purchases for MT products, as it is suggested that Blueberry Markets requested a temporary halt on onboarding new clients onto MetaTrader products. This pause is in effect until further clarity is obtained from MetaTrader regarding the reason behind Blueberry Markets' exclusion from the MetaTrader app. An announcement on Maven Trading's official Discord server stated that Blueberry Markets has reportedly assured existing MetaTrader clients that they may continue trading without concern.

Several other prop firms, including MyFundedFX, Funded Engineer, and Funded Nation, have reportedly confirmed the suspension of new onboarding through Blueberry Markets. MyFundedFX, for instance, has allegedly recently reinstated MetaTrader platforms for non-US customers through the Blueberry partnership, which has now been reportedly disrupted.