Prop Trading Firms in Confusion as Blueberry Markets Suspends MT Onboarding (2024)

FAQs

What happened to blueberry markets? ›

Australia based Retail FX and CFDs broker Blueberry Markets has announced that it has terminated its Data and Platform Service Offering, which was designed to service the prop industry by leveraging its infrastructure.

That result should look catastrophic for anyone who hopes to join a prop firm. The article from Lux Trading Firm provides slightly different results. According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time.

Profits from trades are generally divided between the firm and the prop trader; however, the risk distribution is asymmetric. This means that in the event of a loss, the trader bears 100% of the losses, while they don't receive 100% of the profits.

We always put you first

Blueberry Markets was founded in 2016 by Dean Hyde, who wanted to launch a new Retail Forex brand known for its low spreads and high level of client service.

You can rest assured that Blueberry Markets is not a scam but a legitimate entity. Regulated by the Australian Securities and Investments Commission. I help many people to check safety info of a broker that was recomended in forums, emails and other platforms.

Traders may struggle or fail with prop firm such as True Forex Funds accounts due to factors such as lack of experience or education, insufficient risk management, overleveraging, emotional decision-making, unpredictable market conditions, lack of discipline, misalignment of strategies, failure to learn from mistakes, ...

The FTMO challenge has a reputation for being extremely difficult to pass. Across FTMO's various account levels, it is estimated that only around 10% of traders are able to successfully complete the evaluation and become a funded trader. This means approximately 90% of those who attempt the challenge end up failing.

Fastest Industry Payouts – MyFundedFutures has the fastest payouts in the futures prop trading space which has become more and more important with some of the other futures prop trading firms taking weeks to payout.

Is it easy to pass prop firm challenges? ›

If so, then you may have heard about the prop firm challenge. This is a popular way for traders to prove their skills and potentially secure funding from a prop firm. However, passing this challenge can be quite daunting and requires a lot of hard work and dedication.

Upon successfully passing a Prop Firm Challenge, traders may be required to fund their trading accounts with an initial amount. The firm may also have scaling plans that determine how much capital traders can access based on their performance.

Legal action can be taken against a broker or prop firm for trade manipulation or unfair practices, but success is not guaranteed.

Yes, prop firms do pay. While there are some scams out there popping up everyday, reputable prop trading firms like True Forex Funds, FTMO,5%ers,FundedNext are legitimate and pay traders according to their profit-sharing agreements. As for True Forex Funds, I can vouch for their credibility.

Prop Firm Trader Salary

The salary of a prop trader can vary greatly depending on several factors such as experience, performance, and the size of the firm. On average, a junior prop trader can expect to earn anywhere between $50,000 to $100,000 per year, while a senior trader can make upwards of $500,000 annually.

Blueberries require cooler temperatures to grow successfully. As the U.S. relies on Peru for approximately one-third of its total blueberry supply of 1.3 billion pounds, sourcing blueberries for American grocery stores has become challenging.

Climate change and the natural phenomenon El Niño, according to local agronomists, have led to excessive stress on blueberry plantations, which is reflected in lower yields of blueberries. Naturally, production increase cannot be expected this season.

Farmers in Washington, the nation's top blueberry-producing state, grow close to 90,000 tons of blueberries every year. The state produced 180 million pounds of blueberries valued at $228.4 million in 2021. Western Washington grows close to 55% of the state's blueberry crop, while Eastern Washington grows close to 45%.

In the U.S., blueberries are harvested April to July in the South, June through October in the Midwest and Northeast and April through October in the West. In Canada, blueberries are harvested July through October and in South America, they are harvested November through March.