Australia-based Retail FX and CFDs broker Blueberry Markets has announced that it has terminated its Data and Platform Services Offering, which was designed to serve the support industry leveraging its infrastructure.
Blueberry Markets said it has “pulled the curtain” on its Data and Platform Services offering, cutting ties with all commodity trading businesses, including MyFundedFX, which was one of Blueberry’s biggest clients. Blueberry Markets provided Data and Platform Services to trading firms by providing access to MetaQuotes demo servers and pricing data.
Dean Hyde, CEO of Blueberry Markets said,
“Blueberry Markets respects the trading industry. Balancing our recognition of the industry’s recent popularity and continued growth trajectory and the concerns expressed by a key infrastructure supplier, Blueberry Markets has made the decision to discontinue this offering. After lengthy discussions it was decided that the only way to address these concerns in a meaningful way was to stop serving the bracket industry with the current platform offering.”
Blueberry Markets – and other brokers serving prop trading firms – have come under pressure from MetaQuotes to stop taking business, primarily in response to MetaQuotes’ effort to ensure it keeps US client businesses away from MT4 trading platforms and MT5, from non-US licensed brokers.
We believe that Blueberry Markets, through its offshore arm in Vanuatu, will continue to work with the backers, but only on platforms other than MT4 and MT5.
MyFundedFX, for its part, posted a tweet a few days ago stating that its integration with the cTrader platform is complete and that it aims to go live with cTrader backed by Purple Trading SC (Seychelles).
