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Blueberry Funded Review (2026)
A prop firm operated by the group behind Blueberry Markets, an ASIC-regulated Australian broker — the strongest counterparty story of the forex firms here.
What a prop firm evaluation is — and is not
A proprietary trading firm evaluation is a paid assessment of trading skill. It is not an investment, a savings product, a job offer, or a regulated financial service. Your evaluation fee is at risk and is generally non-refundable unless the firm’s own refund terms apply.
The majority of participants do not pass, and passing does not guarantee a payout. Most firms trade in a simulated environment, so “funded” capital is typically a notional allocation rather than client money you own or control. Payouts depend on the firm remaining solvent and honouring its terms. Prop firms are generally not regulated as brokers or investment firms, so segregated client money rules, investor compensation schemes and ombudsman access do not apply. Several firms have closed or suspended payouts at short notice.
| Backing | Blueberry Markets group (ASIC-regulated brokerage) |
| Prop firm regulatory status | Unregulated — the ASIC licence covers the brokerage, not the evaluation product |
| Model | Conventional evaluation |
| Drawdown type | Static overall plus daily limit |
| Minimum trading days | Applies |
| Profit split | Competitive, with scaling |
| Platforms | MetaTrader 4, MetaTrader 5, TradingView |
| Execution infrastructure | Parent group brokerage technology, not white-labelled |
| Fee structure | One-time, positioned around sector average |
| Account type | Simulated — notional allocation |
| Corporate transparency | Published company information and structure |
| Free trial | No |
Compiled from the firm’s published rules, FAQ and terms of service, cross-checked against independent prop firm reviews and community reporting, August 2026. Prop firm rules change frequently and without notice — verify current terms on the firm’s own site before purchasing an evaluation.
On this page
Quick verdict
Blueberry Funded’s distinguishing feature is its parent. In a sector where the dominant risk is the firm disappearing, being operated by the group behind an established ASIC-regulated broker addresses that more directly than any marketing claim can. The prop product itself is conventional — you choose it for infrastructure and institutional backing, not for unusual rules or pricing.
- Consider it if
- Counterparty security is your priority and you want a prop firm connected to a regulated broker group with real infrastructure behind it.
- Avoid it if
- You want the most permissive rules or the cheapest possible entry — neither is this firm’s positioning.
Affiliate link. Evaluation fees are at risk. See disclosure and risk disclosure.
Rules and drawdown
Blueberry Funded sells conventional evaluations with profit targets and both daily and overall drawdown limits. Drawdown is static rather than trailing.
Minimum trading day requirements apply, so infrequent swing traders should check these against their actual setup frequency before purchasing.
Execution runs on the parent group’s existing brokerage technology rather than a white-label platform bought in from a third party. That is a meaningful operational difference: the infrastructure predates the prop firm and is used by a regulated business.
| Blueberry Funded | What it means | |
|---|---|---|
| Drawdown type | Static | Calculated on initial balance, not peak equity |
| Daily loss limit | Applies | A single bad session can end the account |
| Minimum trading days | Applies | Infrequent traders should check this first |
| Platforms | MT4, MT5, TradingView | Broader than most forex prop firms |
| Backing | ASIC-regulated broker group | Reduces but does not remove counterparty risk |
The rule that ends most accounts
The ASIC licence belongs to Blueberry Markets, the brokerage. It does not extend to the prop evaluation product, which remains an unregulated commercial arrangement with no compensation scheme and no segregated client money. Corporate association is genuinely reassuring; it is not regulatory protection, and any firm implying otherwise should be treated with suspicion.
Fees and profit split
Evaluation fees are one-time and scale with account size, positioned around the sector average rather than as a budget option. There is no monthly subscription.
Profit split and payout cadence are published in the firm’s terms. As with all evaluation firms, the practical cost includes retries after failed attempts.
You are paying a modest premium over discount competitors for materially lower counterparty risk. Whether that is worth it depends on how much you value the probability of being paid.
Platforms
Blueberry Funded supports MetaTrader 4, MetaTrader 5 and TradingView — broader than FTUK, Goat Funded or Instant Funding, and matched only by FTMO among the forex firms here.
- Operated by the group behind ASIC-regulated Blueberry Markets
- Conventional evaluation with static drawdown
- MT4, MT5 and TradingView support
- Execution on established brokerage infrastructure
- Published corporate information
- Scaling on sustained performance
Who it suits
It suits traders who have concluded that firm solvency is the dominant risk in prop trading and want institutional backing behind their evaluation fee.
It suits traders already familiar with Blueberry Markets’ execution environment.
It suits less well traders seeking the most permissive rule sets, the deepest discounts, or instant funding.
How Blueberry Funded compares
Blueberry Funded against the four other forex prop firms reviewed here. It is the only one with a regulated broker group behind it.
| FTMO | FTUK | Goat Funded | Blueberry Funded | Instant Funding | |
|---|---|---|---|---|---|
| Model | 2-step evaluation | Instant + evaluation | 1-step and 2-step | Evaluation | Instant + evaluation |
| Operating since | 2015 | 2021 | 2023 | 2024 (Blueberry group) | 2022 |
| Drawdown type | Static overall + daily | Static | Choice by challenge type | Static + daily | Static + daily |
| Min trading days | Yes on some plans | None | Varies by plan | Yes | None |
| Free trial | Yes | No | No | No | No |
| Platforms | MT4, MT5, cTrader, DXtrade | MT4, MT5 | MT5, cTrader | MT4, MT5, TradingView | MT4, MT5 |
| Backing | Independent | Independent | Independent | ASIC-regulated broker group | Independent |
| Fee refund | With first payout | No | No | Varies | No |
Compiled from each firm’s published rules and cross-checked against independent reviews, August 2026. Prop firm rules change frequently — verify current terms before purchasing.
Trade-offs
From published documentation and recurring themes in public user feedback. Editorial observations, not our own trading results.
Strengths
- Backed by the group behind an ASIC-regulated broker — unique among the firms here
- Execution on the parent group’s existing infrastructure
- TradingView support alongside MetaTrader
- Transparent published corporate information
- Static drawdown, clearly documented
- Conventional rules with no hidden add-on economics
Risks and limitations
- Broker regulation does not extend to the prop product
- Pricing is mid-market rather than cheap
- Rules offer no particular flexibility advantage
- Minimum trading days apply
- Shorter prop-specific record than FTMO
- Simulated environment; allocation is notional
Alternatives
| Alternative | Consider it when |
|---|---|
| FTMO | You want the longest prop-specific operating record |
| Eightcap | You would rather trade your own capital with an ASIC-regulated broker |
| Goat Funded Trader | You want flexible rules and lower entry pricing |
Frequently asked questions
Does ASIC regulate Blueberry Funded?
No. The ASIC licence applies to Blueberry Markets, the brokerage. The prop evaluation product is a separate commercial arrangement not covered by that licence or by investor compensation arrangements.
Why does broker backing matter at all then?
Because the main risk in prop trading is the firm failing or refusing to pay. A firm connected to an established regulated brokerage has more operating infrastructure, more reputational exposure and more to lose than a standalone startup. That reduces the risk without eliminating it.
Which platforms are supported?
MetaTrader 4, MetaTrader 5 and TradingView — broader than most forex prop firms offer.
Is the funded account real capital?
No. As with essentially all retail prop firms, accounts are simulated and payouts are profit splits on simulated performance.
How we researched this review
This is a research-based editorial review, compiled from Blueberry Funded’s published rules and terms and recurring themes in publicly available user feedback, cross-checked against independent sources in August 2026.
We have not purchased an evaluation or traded a funded account with this firm and do not claim to. No testimonial here is presented as a real customer statement, and we publish no star ratings. Rules, fees and profit splits in this sector change frequently — confirm current terms before paying.
Compare Blueberry Funded against the field
Every provider in Forex Prop Firms is assessed to the same structure with the same data points.