Blueberry Funded Review
Blueberry Funded is a proprietary trading firm backed by the award-winning broker Blueberry Markets, offering simulated trading conditions and the opportunity for traders to scale up to $2,000,000 in trading capital.
Blueberry Funded Review
Summary
Proprietary trading, commonly known as prop trading, involves traders using a firm’s capital to engage in trading activities, aiming to generate profits for the firm. Unlike traditional trading, where traders invest their own money, prop trading allows them to leverage the firm’s resources, potentially leading to higher returns.
Blueberry Funded is leaving a significant impact on the prop trading industry by introducing a fresh and innovative approach to trader evaluations. With the backing of Blueberry Markets, a prominent name in the Forex industry for its sterling performance since 2016, Blueberry Funded is dedicated to creating an equitable and supportive environment for traders. The company is widely recognized for its dedication to offering low spreads and exceptional client service. These values are seamlessly integrated into its prop trading offerings, which focus on providing sustainable trading challenges to traders and equipping them with premium customer service and advanced solutions.
Blueberry Funded offers a range of evaluation programs tailored to different trading styles and preferences. Whether you prefer a step-by-step approach or thrive under pressure, there’s a program for you. The 1 Step and 2 Step Evaluations offer structured paths with unlimited time limits, allowing traders to progress at their own pace. For those who prefer a fast-paced challenge, the Rapid Challenge provides a condensed timeframe to test trading skills.
Beyond just challenges, Blueberry Funded is about building a community where traders can grow and succeed. The firm offers an attractive 80% profit share, ensuring traders are well-rewarded for their efforts, and most programs have a minimum trading day requirement to promote disciplined trading.
In this review, we’ll explore Blueberry Funded features, including trading platforms, support services, and educational resources, highlighting what sets the firm apart. Let’s dive in.
Blueberry Funded Review
Programs
Blueberry Funded offers three different evaluation programs for traders to choose from, each with its own set of conditions and requirements. Below is all the information detailing the various types of programs offered by them:
1 Step Evaluation
The 1 Step Evaluation program at Blueberry Funded offers account sizes ranging from $5,000 to $200,000. Traders can choose from six account tiers: $5,000, $10,000, $25,000, $50,000, $100,000, and $200,000. The pricing for these accounts starts at $40 for the $5,000 account and goes up to $1,100 for the $200,000 account. This program requires traders to achieve a 10% profit target while maintaining a maximum total loss of 6% and a daily loss limit of 4%. The program features a static drawdown, an unlimited time limit, and FX leverage of 1:30. Traders must complete a minimum of 3 trading days for both the evaluation and funded accounts. The profit share for successful traders is 80%, with payouts processed every 14 days. Copy trading is allowed on all account types.
2 Step Evaluation
The 2 Step Evaluation program also offers account sizes from $5,000 to $200,000, with the same six tiers as the 1 Step program. Pricing for this program is slightly lower, starting at $35 for the $5,000 account and reaching $1,000 for the $200,000 account. This program is divided into two phases: Phase 1 requires a 10% profit target, while Phase 2 has a 5% target. The maximum total loss is set at 10%, with a 5% daily loss limit. Like the 1 Step program, it features a static drawdown, unlimited time limit, and requires a minimum of 3 trading days for both evaluation and funded accounts. The 2 Step program offers a higher FX leverage of 1:50. Traders enjoy the same 80% profit share and 14-day payout frequency, with copy trading allowed.
Rapid Challenge
The Rapid Challenge program caters to traders seeking a faster-paced evaluation. It offers account sizes from $10,000 to $100,000, with four tiers: $10,000, $25,000, $50,000, and $100,000. Pricing ranges from $50 for the $10,000 account to $300 for the $100,000 account. This program has a 5% profit target with a trailing drawdown of 4% and a daily loss limit of 3%. Unlike the other programs, the Rapid Challenge must be completed within a strict 7-day time limit. It offers FX leverage of 1:30 and doesn’t require minimum trading days for the evaluation phase, but funded accounts must complete three trading days. The Rapid Challenge maintains an 80% profit share, a 14-day payout frequency, and allows copy trading.
Blueberry Funded Review
Conditions
To participate in Blueberry Funded evaluation programs, traders must adhere to a set of guidelines that assess their trading skills and risk management abilities. Some of them include:
Drawdowns
When it comes to drawdowns, Blueberry Funded keeps things simple. The maximum total loss for the 1 Step Evaluation is 6%, while the daily loss limit is 4%. The maximum total loss in the 2 Step Evaluation is 10%, and the daily loss limit is 5%. But for the Rapid Challenge, they spice things up with a trailing drawdown, which adjusts based on your account’s all-time high balance. The maximum total loss for the Rapid Challenge is 4%, with a daily loss limit of 3%.
Trading Days
To keep you on your toes, Blueberry Funded requires a minimum of 3 trading days for both the evaluation and funded accounts. The only exception is the Rapid Challenge evaluation, which has no minimum trading day requirement. So, you can take your time or speed through it, depending on your style.
Trading Strategies
Blueberry Funded allows traders to employ a variety of trading strategies on their platform, including copy trading, which is permitted on all account types. This means that traders can follow and automatically replicate the trades of successful traders, providing an opportunity to learn from experienced professionals and potentially benefit from their expertise.
Scaling Plan
Blueberry Funded supports traders’ ongoing development, which is why they offer a scaling plan for earning account traders. Every three months, traders can increase their simulated capital by 25% if they meet the following criteria: generate at least 10% net profit over three consecutive months and process at least four payouts within that period. The scaling plan also includes an upgraded profit split of up to 90%. Trading objectives remain the same as the original plan, even with the increased balance, and the maximum allocation per trader is capped at $2 million. It’s like leveling up in a video game, but with real money (well, simulated money, but you get the idea).
Blueberry Funded Review
Features
| Maximum capital | $200,000 |
| Profit split | Up to 80% |
| Scaling | Yes |
| News trading | No |
| Weekend trading | Yes |
| Automated trading | No |
| Free trial | No |
| Maximum leverage | 1:50 |
Blueberry Funded offers a comprehensive package designed to support and empower traders in their pursuit of success. Some of the features of Blueberry Funded include:
Platforms Offered
Blueberry Funded offers a variety of trading platforms to suit different trading styles and preferences. Traders can choose from the popular MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the innovative DXtrade platform.
MetaTrader 4 (MT4) is a classic choice for those who prefer a user-friendly forex trading experience, offering fast execution speeds and flexible trading conditions. MT4 is well-suited for traders who primarily focus on the foreign exchange market.
MetaTrader 5 (MT5) is a more advanced platform that builds upon the features of MT4. It offers a broader range of markets, including stocks, futures, CFDs, and forex. MT5 is designed for traders who require more advanced tools and functionality.
DXtrade is an innovative platform that boasts a highly intuitive and clean interface. It allows traders to start with a basic Buy/Sell trading UI and progress to a multi-screen layout with sophisticated graphs. DXtrade is suitable for traders who value simplicity and ease of use while still having access to advanced features as they grow.
By offering multiple trading platforms, Blueberry Funded caters to the diverse needs of traders at different skill levels and with varying trading preferences.
Support Offered
Blueberry Funded provides support primarily through email, ensuring that traders can reach out with their queries or issues. While this may not offer the immediacy of phone or live chat support, it does allow for detailed communication and documentation of interactions. As part of the Blueberry group of brands, which has been delivering award-winning brokerage services for many years, Blueberry Funded is committed to client satisfaction.
Elite Trading Conditions
Traders with Blueberry Funded can enjoy ultra-low spreads starting from just 0.01 on major currency pairs, providing a cost-effective trading environment. Additionally, the prop firm offers commission-free trading on indices and cryptocurrencies, allowing traders to diversify their portfolios without incurring extra costs.
Efficient Payouts
Blueberry Funded offers a competitive 80% simulated profit split, ensuring that traders are well-rewarded for their efforts. Payouts are processed every 14 days, with an average processing time of under two business days, providing traders with a steady income stream.
In-House Trading Infrastructure
Another critical feature that distinguishes Blueberry Funded is its in-house trading infrastructure. The prop firm has cut out the middleman and owns its trading environments connected directly to tier-1 global liquidity providers. This direct connection ensures that traders can access top-class simulated trading conditions with fast execution speeds and minimal slippage.
Blueberry Funded Review
Conclusion
Blueberry Funded stands out as a promising prop trading firm with much to offer. Their diverse evaluation programs cater to different trading styles and features like ultra-low spreads, commission-free trading, and a generous profit split make them an attractive choice for traders looking to maximize their potential. The in-house trading infrastructure and direct connection to top-tier liquidity providers ensure a seamless trading experience. However, it’s worth noting that their support is limited to email, which might not be ideal for those who prefer more immediate assistance.
Blueberry Funded Review
