Overview of Blueberry Funded
123
TheTrustedProp
Date: August 15, 2024
Blueberry Funded is a proprietary trading firm that provides traders with the opportunity to trade using funded accounts after successfully passing one of their challenges. If you're eager to start trading without risking your own money, Blueberry Funded might be just what you need. In this article, we'll break down everything you need to know about Blueberry Funded, its challenges, and how it all works.
What Is Blueberry Funded?
Blueberry Funded is part of the Blueberry group, which is well-known for providing excellent brokerage services. Blueberry Funded focuses on helping traders grow by offering funded accounts. This means that if you pass their evaluation, you can trade with their money and keep a significant share of the profits.
Challenges Offered by Blueberry Funded
Blueberry Funded offers three main challenges that traders can choose from, each with its own rules and conditions, allowing you to select the one that best fits your trading style.
1-Step Challenge:-
In the 1-Step Challenge, you need to reach a profit target of 10% of the account balance. The maximum total loss allowed is 6%, with a daily loss limit set at 4%. Once you succeed, you get to keep 80% of the profits. The drawdown is static, meaning your maximum loss limit stays the same. There is no time limit to complete this challenge, and you can trade with a leverage of 1:30 for Forex trading. You need to trade for a minimum of 3 days during both the evaluation and funded stages and account copy trading is allowed. Account sizes range from $5,000 to $200,000.
2-Step Challenge:-
The 2-Step Challenge requires you to reach a 10% profit target in the first phase and a 5% profit target in the second phase. The maximum total loss is set at 10% of the account balance, with a daily loss limit of 5%. Like the 1-Step Challenge, you keep 80% of the profits, and the drawdown is static. There is no time limit, and leverage is 1:50 for Forex trading. A minimum of 3 trading days is required for both evaluation and funded stages and account copy trading is allowed. Account sizes range from $5,000 to $200,000.
Rapid Challenge:-
In the Rapid Challenge, you aim for a profit target of 5% of the account balance. The maximum total loss allowed is 4%, with a daily loss limit of 3%. You keep 80% of the profits, and the drawdown is trailing, meaning your maximum loss limit follows your highest balance. You have 7 days to complete the challenge, and leverage is set at 1:30 for Forex trading. A minimum of 3 trading days is required for both evaluation and funded stages and account copy trading is allowed. Account sizes range from $10,000 to $200,000.
How to Get Started with Blueberry Funded
Starting with Blueberry Funded is straightforward and involves three simple steps. First, choose the challenge that suits your trading style. Next, complete the challenge by trading consistently and managing your risk effectively to pass the evaluation. Finally, once you pass, sign your trader contract, complete the KYC (Know Your Customer) process, and begin trading with a funded account.
Scaling Up Your Account
If you perform well with your funded account, Blueberry Funded offers a scaling plan that allows you to increase your simulated capital. You can grow your account by 25% every three months if you meet specific goals, such as generating at least 10% net profit over three consecutive months and processing at least four payouts within that period.
The scaling plan also offers an upgraded profit split of up to 90%, an increase from the usual 80%. Your balance can increase by 25% every three months, with ongoing increases if you continue to meet the targets. The maximum allocation per trader can reach up to $2 million.
Reasons to Choose Blueberry Funded
Blueberry Funded stands out for several reasons, making it an attractive option for traders. As part of the Blueberry group, it is backed by a reputable broker with over eight years of experience offering award-winning services. The evaluations are designed to promote sound risk management and long-term success. You can trade with ultra-low spreads starting from just 0.01 on major currency pairs, and enjoy commission-free trading on indices and cryptocurrencies. Payouts are processed every 14 days, with an average processing time of under 2 business days. Blueberry Funded also has its own trading environments connected directly to tier 1 global liquidity providers, ensuring top-class simulated trading conditions.
Trading Platform Support
Blueberry Funded supports popular trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and DXTrade. This gives traders flexibility and access to powerful tools to analyze and execute trades efficiently.
Mission
The mission of Blueberry Funded is to help traders develop and refine their strategies without requiring a significant deposit, which is usually needed with traditional forex brokers. By using Blueberry Markets' platform and simulating their award-winning trading conditions, Blueberry Funded provides an environment where traders can learn and earn without risking their own capital.
Markets
Blueberry Funded allows traders to access a wide range of markets, including Forex, cryptocurrencies, metals, energy, and indices. This variety ensures that traders have the opportunity to diversify their portfolios and explore different trading strategies.
Benefits of Trading with Blueberry Funded
By passing one of the challenges, you can trade with funded accounts provided by Blueberry Funded, allowing you to trade without risking your own money. Except for the Rapid Challenge, there are no time limits to complete the evaluations, so you can trade at your own pace. The scaling plan offers the chance to grow your account and increase your profit share.
Conclusion
Blueberry Funded is a strong option for traders who want to trade with funded accounts without putting their own money at risk. With a variety of challenges to choose from, a solid scaling plan, and the backing of a reputable broker, it's worth considering if you're serious about trading.
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