Blueberry Funded Review 2026: the ASIC broker-backed prop firm
Blueberry Funded is a prop firm launched in August 2024, backed by Blueberry Markets, an ASIC-regulated broker. Not directly regulated as a prop firm, it benefits from the credibility of its Australian parent broker. It offers 5 programs with accounts from $1,250 to $200,000 (scaling to $2,000,000) and an 80 to 90% profit split. Strengths: regulated broker backing, static drawdowns, MT4 available. Weaknesses: restricted countries (USA, Australia, UAE), limited leverage.
What is Blueberry Funded?
Blueberry Funded is a prop firm founded in August 2024, based in Australia. Its main distinguishing feature is being backed by Blueberry Markets, a broker regulated by ASIC (Australian Securities and Investments Commission). This backing by a regulated broker provides an additional layer of credibility compared to fully independent prop firms.
While Blueberry Funded is not directly regulated as a prop firm (no prop firm is formally regulated in Australia), its connection to an ASIC broker means that the trading infrastructure, order execution, and fund management benefit from the standards imposed by the Australian regulator.
Blueberry Funded offers 5 distinct evaluation programs, from the classic 2-step challenge to instant access, with accounts from $1,250 to $200,000 and a scaling program allowing traders to reach $2,000,000.
Trading conditions in detail
| Parameter | Details |
|---|---|
| Regulation | Unregulated (parent broker ASIC) |
| Headquarters | Australia |
| Parent broker | Blueberry Markets (ASIC) |
| Programs | 1-Step, 2-Step Standard, Prime 2-Step, Rapid, Instant |
| Account sizes | $1,250 to $200,000 (scaling to $2,000,000) |
| Profit split | 80% to 90% (via scaling) |
| Prime 2-Step targets | Phase 1: 8% / Phase 2: 6% |
| Standard 2-Step targets | Phase 1: 10% / Phase 2: 5% |
| 1-Step target | 10% |
| Rapid target | 5% (7-day max period) |
| Daily drawdown | 4% (Prime/1-Step) / 5% (Standard) / 3% (Rapid) |
| Max drawdown | 10% static (Prime/Standard) / 6% static (1-Step) / 4% trailing (Rapid) |
| Platforms | MT4, MT5, DXTrade, TradeLocker |
| Markets | Forex, indices, commodities, crypto, stocks, synthetics |
| Forex leverage | 1:30 to 1:50 |
| Indices/metals leverage | 1:10 |
| Crypto leverage | 1:2 |
| Payouts | Every 14 days (7-day add-on available) |
| News trading | Allowed (Prime/Standard/1-Step), restricted (Rapid/Instant) |
| EA / Robots | Allowed on MT4/MT5 (no HFT/arbitrage) |
| Scaling | +25% every 3 months (10% net profit + 4 payouts required) |
| Restricted countries | USA, Australia, UAE |
The 5 Blueberry Funded programs
Blueberry Funded offers a range of 5 programs covering different trader profiles.
Prime 2-Step (recommended)
The flagship program with 8% target in phase 1 and 6% in phase 2. Daily drawdown is 4% and maximum drawdown is 10% (static). This is the program with the best conditions-to-price ratio, offering generous static drawdowns.
Standard 2-Step
A program with 10% target in phase 1 and 5% in phase 2. Daily drawdown is 5% and maximum drawdown is 10% (static). More demanding on the phase 1 target but with a slightly more generous daily drawdown.
1-Step
A single 10% target to reach. Daily drawdown is 4% and maximum drawdown is 6% (static). Suited for traders who want a simplified one-step process.
Rapid
The most aggressive program: 5% target with a 4% trailing drawdown and a 7-day maximum period. Designed for short-term traders who operate with an intensive scalping style.
Instant
Direct access to a funded account with no evaluation. The entry price is higher but the trader immediately starts generating profits.
Pros and cons
- Backed by Blueberry Markets, an ASIC-regulated broker
- Static drawdowns on most programs
- MT4 available (rare among modern prop firms)
- Progressive scaling (+25% every 3 months, up to $2,000,000)
- Profit split up to 90% via scaling
- Wide range of markets including synthetics
- Rapid program for aggressive scalpers
- Not directly regulated as a prop firm
- Restricted countries: USA, Australia, UAE
- Limited leverage (1:30-1:50 forex, 1:10 indices/metals)
- News trading restricted on Rapid and Instant programs
- Recent prop firm (August 2024), short track record
- Maximum account of $200,000 before scaling
Our scores by criteria
Scaling program
Blueberry Funded's scaling works through 25% capital increases every 3 months. To qualify, the trader must meet two conditions: a 10% net profit on the account and at least 4 completed payouts.
With an initial $200,000 account, scaling allows progressive growth to $250,000, $312,500, and so on up to a maximum of $2,000,000. The profit split also increases with scaling, moving from 80% to 90% at the highest levels.
Who is Blueberry Funded for?
Blueberry Funded is suited for traders who seek a compromise between the security of a regulated broker and the flexibility of a prop firm. The backing by Blueberry Markets (ASIC) offers credibility above the average for unregulated prop firms.
The Prime 2-Step program is particularly attractive for swing traders with its 10% static drawdowns. Traders using EAs on MT4 will also appreciate compatibility with that platform, which is rare among recent prop firms.
However, Blueberry Funded is not suitable for traders residing in the United States, Australia, or the United Arab Emirates (restricted countries). The limited leverage (1:30-1:50 on forex) may also be a barrier for traders who rely on high leverage in their strategy.
Blueberry Funded vs the competition
| Criteria | Blueberry Funded | RaiseMyFunds | FTMO |
|---|---|---|---|
| Regulation | ASIC broker-backed | FSCA (No. 50506) ✓ | Unregulated |
| Model | 5 programs | Instant Funding | 2-step challenge |
| Max account | $200,000 | $400,000 | $200,000 |
| Max profit split | 90% | 85% | 90% |
| Max drawdown | 10% static | Fixed (custom) | 10% |
| Max scaling | $2,000,000 | N/A | $2,000,000 |
Final verdict
A credible prop firm thanks to ASIC backing, with solid conditions
Blueberry Funded stands out through its backing by Blueberry Markets, an ASIC-regulated broker, which provides credibility above most prop firms. Static drawdowns, MT4 availability, and scaling to $2,000,000 are positive points. However, limited leverage and geographic restrictions are drawbacks. For traders who prioritize direct regulation of the prop firm itself, RaiseMyFunds (FSCA regulated, licence No. 50506) remains the market reference.
Visit Blueberry Funded →Sources & Methodology
This review is based on real testing by our analyst team, official website consultation, terms and conditions analysis, regulatory status verification with relevant authorities, and user reviews from Trustpilot and specialized forums. Our complete methodology is detailed on our methodology page. Last verified: May 2026.