It is important to take note of Blueberry funded supported and restricted countries, especially for traders looking to join the prop firm. Blueberry Funded, legally known as Blueberry Markets (SVG) LLC, is a proprietary trading firm that looks forward to providing traders with the capital to trade a range of financial instruments. Registered in VC (likely St. Vincent and the Grenadines) and led by CEO Marcus Fetherston, Blueberry Funded partners with the broker Blueberry Markets to offer its services. This article explores the global accessibility of Blueberry Funded, detailing blueberry funded supported and restricted countries, trading instruments, platform specifics, and other essential information for prospective traders.
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Overview of Blueberry Funded
Blueberry Funded offers traders the opportunity to access capital to trade various financial instruments, including Forex, Indices, Crypto, Metals, and Energies. The firm provides a maximum allocation of $400,000, with scaling potential reaching up to $2,000,000. To gain access to this capital, traders must pass a challenge, which can be either a One Phase or Two Phase Challenge.
Characteristics Of Blueberry FundedĀ
- Instruments: Traders at Blueberry Funded can trade Forex, Indices, Crypto, Metals, and Energies.
- Trading Platforms: Blueberry Funded supports trading on DXTrade and MetaTrader platforms.
- Challenge Types: Blueberry Funded offers One Phase and Two Phase Challenges.
- Broker: The broker associated with Blueberry Funded is Blueberry Markets.
- Commissions: A commission of $7 per standard lot applies to all FX and Gold trades.
- Payout: Blueberry Funded facilitates withdrawals through Crypto (USDC and USDT-TRC-20) and Rise.
Blueberry Funded Supported Countries
While Blueberry Funded aims to provide access to its services globally, the information available suggests a limited number of blueberry funded supported countries. The absence of a comprehensive list implies that traders from many countries may be eligible, provided they are not on the restricted list.
Blueberry Funded Restricted Countries
Blueberry Funded restricted countries explicitly restricts access to its services from the following countries:
- United States
- Australia
- Cuba
- Iran
- Iraq
- Myanmar
- North Korea
- Russia
- Somalia
- Syria
- United Arab Emirates (unless residing outside UAE)
- Yemen
- Afghanistan
These restrictions are likely due to a combination of factors, including regulatory concerns, compliance issues, and risk management policies.
Challenge Details
Blueberry Funded offers two main types of challenges for traders who want to prove their skills and gain access to a funded account.
One Phase Challenge
In this challenge, traders must meet a specific profit target in a single phase while adhering to certain rules and limitations.
Two Phase Challenge
This challenge involves two phases, each with its own profit target and set of rules. Traders must successfully complete both phases to become eligible for a funded account.
Trading Conditions
Blueberry Funded enforces several rules to encourage disciplined trading and prevent risky behaviors:
- Overleveraging: Excessive leverage is prohibited. Accounts may be flagged if the margin level drops below 150%.
- One-sided Bets: Avoid trades excessively in a single direction without market analysis.
- Hyperactive Trading: Avoid impulsive, frequent trades. Excessive scalping is not allowed.
- Martingale Strategy: Stacking positions on a losing trade is prohibited.
- All-In Approach: Trading the entire account size in one trade without risk management is forbidden.
- Grid Trading: Placing trades at intervals without a clear exit or risk plan is restricted.
- Reverse Hand Post-Taking Losses: Opening opposing trades immediately after a loss is prohibited.
Prohibited Strategies
Blueberry Funded restricts the following trading strategies for security and fairness:
- Copy trading via signal providers
- Third-party account management
- High-frequency trading
- Data feed manipulation
- Tick, latency, or hedge arbitrage
- Use of emulators
IP Rule
For account integrity, Blueberry Funded enforces an IP restriction rule:
- Single Account per IP Address: Only one account can be accessed per household or IP.
- Prohibited Activities: Any attempt to mask IP addresses, rapid switching between countries, or trade masking may result in account suspension.
- International Travel Notification: Traders planning international travel should notify Blueberry Funded to avoid account flags.
Company Information
- Legal Name: Blueberry Markets (SVG) LLC
- Company Number: 2090 LLC 2022
- Country of Registration: VC (likely St. Vincent and the Grenadines)
- CEO: Marcus Fetherston
- Support Email: [email protected]
Payout Methods
Blueberry Funded offers two convenient payout options:
- Riseworks
- Cryptocurrency Payouts: Available in USDC and USDT-TRC-20.
Gambling Rules
To encourage disciplined trading, Blueberry Funded has restrictions on risky trading behaviors:
Trading Commissions
A commission of $7 per standard lot applies to all FX and Gold trades.
Conclusion
Blueberry Funded offers opportunities for traders to access capital and trade a range of financial instruments. While the firm supports traders from numerous regions, it explicitly restricts access from the United States, Australia, Cuba, Iran, Iraq, North Korea, Myanmar, Russia, Somalia, Syria, United Arab Emirates (unless residing outside UAE), Yemen and Afghanistan. These restrictions are likely due to compliance and regulatory factors. Blueberry Funded provides traders with access to standard trading platforms, a range of instruments, and a two-phase challenge program. For traders in eligible countries, Blueberry Funded presents a platform to demonstrate their skills and potentially gain access to funded accounts.
Frequently Asked Questions
Why Do Blueberry Funded Restrict Certain Countries?
- Restrictions are primarily due to regulatory compliance issues and legal standards that prevent foreign financial services firms from operating within certain jurisdictions.
How Can I Verify If My Country Is Supported By Blueberry Funded?
- You can check your eligibility by visiting blueberry funded official website or reviewing their terms of service for the most current list of supported and restricted countries.
What Should I Do If My Country Is Restricted?
- If your country is on the restricted list, consider exploring other proprietary trading firms that may offer similar opportunities without geographical limitations.
