Blueberry Funded

Blueberry Funded launched in 2024 as the proprietary-trading arm of Blueberry Markets, an Australian broker that has run an ASIC-regulated brokerage for the better part of a decade. That lineage is the firm's main selling point: rather than a standalone startup renting a white-label platform, Blueberry Funded plugs traders into real brokerage infrastructure — raw spreads from around 0.1 pips, a flat forex/gold commission, and four platforms (MT4, MT5, TradeLocker and DXtrade) covering forex, indices, commodities and crypto.

The evaluation menu is broad. There are 1-Step and 2-Step challenges, a faster Rapid track, a Synthetic line and instant-funding tiers, with account sizes up to $200K and advertised scaling to $2M. The standard rulebook is conventional: 10%/5% targets on the 2-Step (10% on the 1-Step), 5% daily loss and 10% maximum drawdown on the flagship, with a minimum of five trading days and no time limit on most tracks. The split starts at 80% and climbs to 90% through the scaling plan, and payouts run on a bi-weekly cycle via crypto and bank/e-wallet rails.

The honest caveats matter here. Despite the ASIC-regulated broker behind it, the funded entity itself is registered in St. Vincent and the Grenadines — an offshore jurisdiction, not an ASIC-supervised one, so the "ASIC-regulated" trust signal applies to the affiliated broker rather than to the prop product you buy. Trustpilot sentiment is polarised and its published score has been volatile, with a recurring complaint pattern around funded-account breaches ("toxic trading", clause violations) at payout time. The firm is also young (2024) and excludes several regions including the US, Australia and the UAE. For traders who value real brokerage execution and platform choice it is a credible option — just weight the offshore registration and the breach complaints accordingly.

2-Step Challenge: 10% then 5% profit targets, 5% daily loss limit, 10% maximum drawdown, minimum 5 trading days, no time limit.

1-Step Challenge: 10% target, 4% daily loss, 6% trailing maximum drawdown, minimum 3 trading days.

Rapid Challenge: 10% target, 5% daily loss, 8% maximum drawdown, minimum 3 trading days, ~10-day window.

Synthetic and instant-funding tiers sit alongside these. Position sizes are capped per account tier and position stacking is limited (roughly 4 per pair, 7 across instruments). HFT, latency arbitrage and tick-scalping are prohibited; news trading, EAs and weekend holding are allowed with restrictions.

Profit split starts at 80% and scales to 90% through the scaling plan. Payouts run on a bi-weekly (14-day) cycle, processed within about 1–2 business days via crypto and bank/e-wallet rails (region-dependent), with no withdrawal fees. A payout typically requires a minimum net profit and a few profitable days with no open trades.

Accounts scale +25% every three months when you reach 10% net profit and take at least a few payouts over the period, and the split upgrades toward 90%. Blueberry Funded advertises a maximum allocation of $2M per trader.