Blueberry Funded Review 2026: ASIC-Regulated Backing, Raw Spreads, and a Pattern of Accounts Breached Right Before Payout
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Blueberry Funded has something most prop firms don't: a legitimate, ASIC-regulated broker behind it. Blueberry Markets has been operating since 2016, holds Australian regulatory credentials, and provides the execution infrastructure for the prop firm operation. Raw spreads from 0.1 pips, multiple account types, no consistency rule on most accounts, and a scaling path to $2M. On paper, this looks like one of the more credible setups in the space.
Then there's the Trustpilot profile: 3.1 stars from 1,501 reviews, with a recurring pattern in the negative feedback that's specific enough to notice. Multiple traders — unconnected, across different timeframes — report accounts being breached within hours of scheduled payouts. The firm's enforcement language for these closures includes terms like "toxic trading" and references to "clause 12.2" without clear documentation of what triggered them. That pattern, at that volume, is the thing this review needs to address before anything else.
The Quick Verdict
Blueberry Funded is a broker-backed prop firm with genuine structural advantages — ASIC-regulated parent, raw spreads, no consistency rule, martingale allowed. The 3.1 Trustpilot rating and the near-payout breach pattern are real concerns that sit alongside those advantages rather than cancelling them. PropTradingArea's Hidden Rules Meter gives this firm a 5.1 — High Risk score, reflecting enforcement language in the terms that's broad enough to generate disputes. Proceed with research rather than assumption.
Who Blueberry Funded Is
Blueberry Funded launched in 2024 as the prop trading arm of Blueberry Markets — an established Australian forex broker regulated by ASIC (Australian Securities and Investments Commission) since 2016. The prop firm entity is registered as Blueberry Markets (SVG) LLC in St. Vincent and the Grenadines (#2090 LLC 2022), with General Manager Marcus Fetherston and founder Dean Hyde (founder of the parent company) as publicly identified leadership.
The ASIC-regulated broker connection is a genuine differentiator. It means execution infrastructure with real regulatory oversight behind it rather than a purely proprietary setup — and it's the reason Blueberry Funded has raw spreads from 0.1 pips rather than the wider spreads common at standalone prop firms. $4.3M+ in verified payouts since launch, across 1,500+ Trustpilot reviews.
Jurisdiction restrictions: United States, Australia (ironic given the ASIC backing), UAE without local residency, plus Afghanistan, Belarus, Cuba, Iran, Iraq, Myanmar, North Korea, Russia, Somalia, Syria, and Yemen. US and Australian traders are blocked regardless of account type.
Account Types — Seven Options
Blueberry Funded offers seven account formats, which is more than most competitors:
Prime 2-Step — the flagship model and the one with the cleanest current rule profile after March 2026 updates. Two-phase evaluation, no consistency rule, no time limit. For disciplined traders who want the most straightforward path to funded status with the broker-backed infrastructure.
1-Step — single phase evaluation. Higher profit target per phase relative to 2-step, faster path to funded stage.
Instant accounts (multiple variants) — no evaluation, immediate funded access. These carry additional risk-per-trade and payout-cycle conditions that differ from the challenge accounts. The March 2026 rule updates specifically affected instant account terms — read the post-March 12, 2026 rules if you're buying an instant account today.
Account sizes run from $1,250 to $200,000, with a scaling plan that can reach $2M through consistent performance over multiple scaling milestones.
The March 2026 Rule Update
On March 12, 2026, Blueberry Funded updated their prohibited strategy framework. Accounts purchased after this date operate under different rules than accounts purchased before. If you're reading a review or community thread from before March 2026, the rule details may not apply to your account.
The firm's help center documents this distinction clearly — post-March accounts and pre-March accounts are treated differently. Check the current help center rather than third-party reviews for the specific rules that apply to your purchase date.
Trading Conditions
▪ Spreads: Raw from 0.1 pips — one of the tightest in the prop firm space, reflecting real broker infrastructure
▪ Consistency rule: None on most accounts — trade any size, any frequency
▪ Martingale: Allowed
▪ News trading: Allowed
▪ EAs: Allowed — automated strategies permitted on MT5
▪ Weekend holding: Allowed
▪ Overnight holding: Allowed
▪ Scalping: Allowed
▪ Max risk per trade idea: 1.5% on funded accounts — multiple entries in same direction treated as one trade idea
▪ BTC/ETH risk: 1% Risk Limiter under specific conditions
▪ Crypto leverage: 1:2 cap on digital assets
▪ No time limit on evaluations
▪ Profit split: 80-85% base, scaling toward 90% — "no tiers, no hoops" per the firm's own documentation
▪ Payouts: Bi-weekly, 14-day cycle, $100 minimum withdrawal. 7-day and on-demand options available as paid add-ons
▪ Payout processing: 1-2 business days after approval. Crypto: faster. Bank wire: 3-7 business days
▪ Platforms: MT4, MT5, TradeLocker, DXtrade
▪ Instruments: Forex, indices, crypto, metals, energies, and futures (through Blueberry Futures)
The Near-Payout Breach Pattern
This is the condition that earns Blueberry Funded its High Risk hidden rules score and needs to be stated clearly. The pattern in negative Trustpilot reviews — consistent across unrelated accounts and time periods — is accounts being breached within hours of scheduled payouts, with enforcement citing "toxic trading" or "clause 12.2 violations" without specific explanation of what triggered the breach.
"Toxic trading" is an undefined term in the main challenge documentation. Clause 12.2 is a broad risk management clause that gives the firm discretion to close accounts when trading patterns are deemed to fall outside acceptable risk parameters. The breadth of both creates enforcement outcomes that traders can't predict or defend against with confidence.
Is this pattern evidence of intentional payout denial or aggressive-but-legitimate rule enforcement? Community data doesn't conclusively answer that. What it does show is that the enforcement pattern creates uncertainty at the exact moment it matters most — when you're approaching a payout. That uncertainty is what the Hidden Rules score reflects.
Who Blueberry Funded Is For
▪ Traders who want ASIC-regulated broker infrastructure and raw spreads behind their prop firm
▪ Discretionary traders who benefit from no consistency rule and martingale permission
▪ EA traders on MT5
▪ Traders who trade within clearly documented rule parameters and can demonstrate compliance in a dispute
▪ Traders outside the restricted jurisdictions who want the tightest spreads in the prop firm space
Who Blueberry Funded Is Not For
▪ US and Australian traders — blocked regardless of account type (ironic given the Australian broker backing)
▪ Traders who want clean dispute resolution and responsive support when enforcement is contested
▪ Traders on instant accounts who haven't read the March 2026 rule updates specifically
▪ Traders relying on broad discretionary enforcement language being applied in their favour — clause 12.2 and "toxic trading" work both ways
Final Verdict
Blueberry Funded has the structural ingredients of a top-tier firm: ASIC-regulated backing, raw spreads, no consistency rule, martingale allowed, legitimate broker infrastructure. The 3.1 Trustpilot rating and the near-payout breach pattern are real signals that something in the enforcement model creates friction between the product as designed and the experience as delivered.
The right frame for this firm: the underlying product is genuinely competitive, the execution quality is better than most, and the terms give the firm significant enforcement discretion that it has exercised in ways that frustrated enough traders to produce a 3.1 Trustpilot rating. Whether the enforcement was legitimate in each case is unknowable from outside. What's knowable is that the risk of a contested closure near payout is higher here than at firms with cleaner community track records.
If you trade here, document your strategy, keep records of your compliance with the rules, and know what clause 12.2 says before your first trade. That's not advice you should need to give at a firm with ASIC backing. But it's the advice the community data suggests you need here.
