Blueberry Markets Ends MT4/MT5 Prop Firm Services

Recent news about the cancellation of its Data and Platform Service Offering came from Australian retail FX and CFDs broker Blueberry Markets. With this move, the broker's relationship with all prop trading companies—including MyFundedFX, one of its largest clients—is essentially terminated. Demo servers and price information from MetaQuotes, particularly for its MT4 and MT5 platforms, were made available to customers via Blueberry Markets' services.

Dean Hyde, CEO of Blueberry Markets, spoke on the ruling and emphasized the growth and popularity of the prop trading industry. However, after giving it some thought, the company chose not to continue serving the prop trading sector due to concerns raised by a major infrastructure supplier. This move is a part of MetaQuotes' strategy to regulate the use of its MT4 and MT5 platforms, particularly by ensuring that US client activity is restricted to brokers holding US licenses.

Prop firm business has been put under pressure by MetaQuotes, the company that created the MT4 and MT5 trading systems, for brokers like Blueberry Markets to cease accepting it. This move is part of MetaQuotes' larger plan to maintain the platform's integrity and adhere to legal requirements, particularly in the US market. Presently, not all brokers fulfill the need for brokers providing services to US consumers to have a complete license in the nation.

The move by Blueberry Markets is significant given its role in providing platform services and vital data to support trading operations.

To operate, these companies primarily rely on dependable trading platforms such as MT4 and MT5, along with access to high-grade data. The online trading industry has changed since Blueberry Markets altered its business strategy by stopping these services.

The business is anticipated to continue trading and working with these companies via its offshore operation in Vanuatu, even though Blueberry Markets will no longer be providing MT4 and MT5 services to prop enterprises. This agreement, however, will not include MT4 and MT5, but rather be focused on other trading platforms. Following the rules and bowing to MetaQuotes' demand, this tactic enables Blueberry Markets to keep its connection with the prop trading sector.

The course of action adopted by Blueberry Markets may indicate a broader trend in the retail FX and CFD brokerage industry. Because of how the market is developing and how closely authorities are watching, brokers must examine their business strategies and services. Blueberry Markets' decision to stop providing MT4 and MT5 services to prop businesses is a purposeful response to these changing conditions.

In conclusion, by saying that Blueberry Markets has changed its approach significantly with its recent decision to stop using its Data and Platform Services to support trading operations. Due to the need to abide by industry standards and legal requirements, this decision emphasizes how the Internet trading market is constantly changing. It's anticipated that Blueberry Markets will stay involved in the prop trading industry by using other platforms, even if it's leaving certain services behind. This is a response to the changing market and regulatory landscape.