Blueberry Markets, a prominent retail FX and CFDs broker based in Australia, has officially terminated its Data and Platform Service Offering, which was specifically tailored for the proprietary (prop) trading industry. This service provided prop trading firms with access to Blueberry Markets’ demo MetaQuotes servers and pricing data, facilitating their operations within the trading ecosystem.

Dean Hyde, CEO of Blueberry Markets, expressed the company’s respect for the prop trading industry and acknowledged its growing popularity and potential. However, due to concerns raised by a key infrastructure vendor, the broker concluded that the most effective course of action was to halt its offerings to the prop trading industry. Hyde emphasized the decision was reached after extensive deliberation, aiming to address these concerns adequately.

This move comes amidst pressure from MetaQuotes, the developer behind the widely used MT4 and MT5 trading platforms, on brokers servicing prop trading firms. MetaQuotes’ initiative primarily seeks to prevent U.S. clients from accessing its trading platforms through brokers not licensed in the United States. As a response, Blueberry Markets, particularly through its offshore branch in Vanuatu, plans to continue serving prop firms, albeit on alternative platforms excluding MT4 and MT5.

In a related development, MyFundedFX, previously one of Blueberry Markets’ significant prop firm clients, announced its successful integration with the cTrader platform. The firm revealed plans to launch operations on cTrader, powered by Purple Trading SC based in Seychelles, marking a strategic pivot in its platform offering following the changes imposed by Blueberry Markets.

This series of shifts within the prop trading and brokerage landscape underscores the ongoing adjustments and compliance efforts by firms to navigate regulatory pressures and infrastructure challenges. The focus on alternative trading platforms like cTrader highlights the industry’s adaptability and the continuous search for solutions that align with regulatory expectations and business needs.