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Affected by Blueberry Markets' New Decision, Prop Firms Suspend Accepting New MetaTrader Clients

2024-03-06 Brokersview

Affected by Blueberry Markets' New Decision, Prop Firms Suspend Accepting New MetaTrader Clients

There has been a lot of turmoil in the proprietary trading industry. Recently, Blueberry Markets imposed new restrictions on the grey-labeling of its MetaTrader license. Several affected proprietary trading firms confirmed that they had to suspend accepting new clients using the MataTrader and look for alternatives.

 

Some affected proprietary trading firms said that Blueberry Markets' decision was very sudden, but the existing clients using MetaTrader with the broker are not affected and can continue to use the platform.

 

Since MetaQuotes began restricting licences for proprietary trading firms, many firms have stopped offering MT4/5 to US clients, turning to alternatives. But this time, the decision to let the service disruptions affect companies catering to clients in other regions as well.

 

The affected companies include Funded Engineer, MyFundedFX, Funded Nation, and Maven Trading, etc.

 

Besides, MyFundedFX had decided to resume cooperation with Blueberry Markets for US clients to use MT4/5, but that cooperation has also been interrupted by the broker's latest decision.

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