Traders who have gone through a Blueberry Funded evaluation — especially those who failed near the finish line — often start looking for alternatives not because the firm is illegitimate, but because the specific drawdown rules don’t match their trading style. Blueberry Funded is a real firm backed by the regulated Blueberry Markets broker, with a straightforward 80% profit split and MT4/MT5 compatibility. The friction is structural: the 5% daily loss rule measured intraday, the two-phase format, and a payout model tied to the parent broker are the three factors that drive traders to explore other options. This article ranks the strongest Blueberry Funded alternatives by evaluation survivability — how each firm’s rules interact with real trading volatility — rather than by profit split percentage alone.
Blueberry Funded Overview
Blueberry Funded is the prop trading arm of Blueberry Markets, an ASIC-regulated Australian broker. The firm offers two-phase evaluation challenges across account sizes from $10,000 to $200,000, with an 80% profit split on funded accounts. Traders use the same MT4/MT5 infrastructure as the parent broker, which reduces platform friction for existing Blueberry Markets clients.
Genuine strengths:
- MT4/MT5 platform access — familiar to the majority of forex traders
- 80% profit split is competitive with the industry standard
- Backed by an ASIC-regulated broker, providing some regulatory framework
- Account sizes up to $200,000 offer meaningful capital for experienced traders
Common limitations traders report:
- The 5% daily loss rule is measured intraday from the session high — a day that reaches +$800 and pulls back to -$700 can trigger a fail even though the week is positive
- Instrument selection is primarily forex pairs and select CFDs, with no access to CME futures (ES, NQ, /MES)
- Payout processing routes through the parent broker rather than an independent payment processor, which creates fund custody ambiguity
- Two-phase evaluation means a Phase 2 failure after passing Phase 1 requires paying the full challenge fee again
Why Traders Switch to JournalPlus
JournalPlus is not a competing prop firm — it is the trading journal that prop firm traders use alongside whichever firm they choose. The value is in systematic evaluation preparation and post-challenge analysis.
The Blueberry Funded Failure Scenario Plays Out in the Journal
A trader pays $299 for a $50,000 Blueberry Funded challenge. Phase 1 requires a 5% profit target ($2,500). They reach $2,200 by day 28. On day 29, a strong morning push takes the account to +$2,400 intraday, but the session reverses and closes at +$1,800. The intraday swing from the session high ($2,400) to the close ($1,800) is only $600 — not a violation. But on day 30, a similar reversal from a +$2,600 intraday peak to a +$1,900 close equals a $700 intraday swing. Still under 5% of the $50K account ($2,500). However, if the trader had been holding open positions with floating losses on top of that reversal, the combined intraday drawdown from the session high easily breaches $2,500 and fails the challenge.
Traders who journal every session can see this pattern in their data before it costs them a restart fee.
Track Drawdown Utilization Against Any Firm’s Rules
JournalPlus lets you set custom thresholds for daily loss and maximum drawdown that match your specific firm’s parameters exactly. You can see how close each session came to the 5% daily limit, which trading setups generated the largest intraday swings, and what percentage of your sessions would have been flagged as “danger zone” under Blueberry Funded’s rules.
Analyze Which Prop Firm Rules Fit Your Actual Trading Style
After logging 30+ sessions, the data will show whether your trading style is better suited to an intraday daily loss model (Blueberry, FTMO) or an end-of-day trailing drawdown model (Topstep). This is an objective analysis that most traders never do — they pick a firm by profit split percentage and discover the rule mismatch only after failing.
One-Time Price vs. Repeated Challenge Fees
JournalPlus costs $159 once, with no subscription and no renewal. A single failed Blueberry Funded $50K challenge restart costs $299. Two failed attempts cost $598 — nearly four times the cost of the journal. If systematic analysis of your trading helps you pass on the first or second attempt instead of the third, the tool pays for itself on that alone.
Instrument-Agnostic — Stays Useful After You Switch Firms
If you move from Blueberry Funded (forex/CFD) to Apex Trader Funding (futures) or FTMO (multi-instrument), your journal travels with you. JournalPlus handles forex, futures, equities, and options in the same account, so switching prop firms doesn’t mean rebuilding your tracking system.
Feature Comparison
| Feature | Blueberry Funded | JournalPlus |
|---|---|---|
| Purpose | Prop firm evaluation | Trading journal and analytics |
| Instrument coverage | Forex, select CFDs | All instruments |
| Daily loss tracking | Enforced by firm rules | Logged and visualized per session |
| Custom drawdown thresholds | Not configurable | Set to match any firm’s rules |
| Multi-firm account tracking | Single firm | Track multiple prop accounts separately |
| MT4/MT5 compatibility | Native platform | MT4/MT5 import via trade history export |
| Cost model | Per-challenge fee ($299+) | $159 one-time, lifetime access |
| Payout infrastructure | Through Blueberry Markets broker | Not applicable |
Pricing Comparison
Blueberry Funded’s pricing is per-challenge, which means the total cost depends on how many attempts it takes to pass both phases.
| Period | Blueberry Funded ($50K, 1 attempt/phase) | Blueberry Funded (2 attempts) | JournalPlus |
|---|---|---|---|
| One challenge | $299 | $299 | $159 (lifetime) |
| Two challenges / restarts | $598 | $598 | $0 (already paid) |
| Three attempts | $897 | $897 | $0 |
| Ongoing (per year, funded) | 20% of profits | 20% of profits | $0 |
JournalPlus is a one-time purchase. There are no monthly fees, no renewal charges, and no additional costs for adding more accounts or instruments. A single additional failed Blueberry Funded challenge attempt costs nearly twice the price of JournalPlus.
For comparison, FTMO charges $345 for a $50K two-phase evaluation. Apex Trader Funding charges approximately $167 per month for a $25K one-phase futures evaluation, cancellable at any time. Topstep’s pricing varies by account size.
JournalPlus does not offer a free trial, but there are no recurring charges after the one-time purchase.
How to Switch to JournalPlus
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Export your Blueberry Funded trade history. Through the MT4/MT5 platform provided by Blueberry Markets, navigate to Account History, right-click, and select “Save as Report” or export to a detailed statement. This produces a file you can import into JournalPlus.
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Set up your JournalPlus account. After purchasing, create an account and configure a prop firm trading account. Set the starting balance to match your Blueberry Funded challenge account size.
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Configure custom drawdown thresholds. In account settings, enter Blueberry Funded’s specific rules: 5% daily loss from session high, 10% maximum drawdown. JournalPlus will flag sessions that approach these limits.
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Import your historical trades. Use the MT4/MT5 import tool to load your prior evaluation sessions. Review which days came closest to the daily loss limit — this pattern will inform how you manage future evaluations.
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Use the data to choose your next firm. After analyzing your trading style against the rule structures of FTMO, Apex Trader Funding, and Topstep, select the evaluation model that fits your actual drawdown behavior. A forex trading journal and a futures trading journal have different requirements — your instrument choice should drive your firm choice.
Frequently Asked Questions
Is Blueberry Funded a legitimate prop firm? Blueberry Funded operates under the Blueberry Markets broker umbrella, which is ASIC-regulated in Australia. The firm is legitimate, but its payout infrastructure is less independent than standalone prop firms like FTMO, which has a 10-year track record and over $100M in documented payouts to traders globally.
What is the best Blueberry Funded alternative for forex traders? FTMO is the most comparable alternative for forex traders — same two-phase model, 80–90% profit split, MT4/MT5 compatibility, and a verified $100M+ payout history. MyFundedFX targets forex specifically with 8%/5% two-phase targets and claims same-day payouts via Deel. For a deeper comparison, see the alternatives to my-forex-funds page.
What is the best Blueberry Funded alternative for US futures traders? Apex Trader Funding is the leading US futures alternative — one-phase evaluation, $25K account for approximately $167/month, and a 90% profit split on the first $25K of profit. Topstep uses an end-of-day trailing drawdown rather than an intraday rule, which eliminates the scenario where a pullback on a winning day triggers a failure. See the Topstep vs Apex comparison for a side-by-side breakdown.
How does Blueberry Funded’s drawdown rule compare to FTMO? Both firms use a 10% maximum drawdown. The key difference is intraday measurement. Blueberry Funded’s 5% daily loss rule is measured from the session high — an intraday swing of 5% from peak can fail you even on a profitable day. FTMO’s daily loss limit applies to the account balance at the start of that trading day, which is more predictable and less vulnerable to intraday volatility spikes.
Can I use JournalPlus alongside a prop firm evaluation? Yes. JournalPlus works alongside any prop firm. Configure drawdown thresholds to match your firm’s rules, track daily loss utilization each session, and analyze whether your setup is compliant before each trade. Traders using JournalPlus for prop firm trading can track multiple funded accounts simultaneously.
How much does JournalPlus cost compared to prop firm challenge fees? JournalPlus is $159 once, with no subscription. A single failed $50K Blueberry Funded restart is $299. Two failed attempts total $598 — nearly four times the JournalPlus price. Systematic journaling that improves pass rates directly offsets challenge fees.
Does JournalPlus import trades from MT4 or MT5? Yes. Export your detailed account statement from MT4/MT5 and import it directly into JournalPlus. This works whether you’re trading through Blueberry Markets, FTMO, or any other MT4/MT5-based firm, so switching prop firms doesn’t change your import workflow.