Prop Firm Comparison: Where They Truly Differ

The table below lists each firm’s hard numbers. This article highlights the differences that actually change your trading experience—so you can spot which firm fits your strategy in seconds.

Blueberry Funded

Active VU <2 yrs

Blueberry Funded is backed by Blueberry Markets, a globally recognized broker with over 8 years of industry history and regulation under ASIC. They launched in August 2024, offering flexible, scalable funding challenges with efficient payouts and strong trader support.

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OANDA Prop Trader

Active MT 2–4 yrs

OANDA Prop Trader is a Malta-registered proprietary trading firm backed by the regulated OANDA broker group with over 25 years of experience. It offers a two-phase evaluation challenge with profit targets of 8% for phase 1 and 5% for phase 2, daily loss limits of 5%, and a maximum funding allocation of $500,000. Traders access over 60 instruments, including forex, metals, commodities, indices, and crypto, using MetaTrader 5, with leverage up to 1:100. Profit splits are up to 90%, challenge fees are refundable upon first payout, and payouts occur bi-weekly. OANDA Prop Trader is highly rated for transparency, reliability, and fast payouts.

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Key Differences

Note: Information is for reference only; please visit the firm’s official website for the most accurate and up-to-date details.

Criteria

Blueberry Funded Active VU <2 yrs

OANDA Prop Trader Active MT 2–4 yrs

Scaling:

Yes, scaling up to $2,000,000 every 3 months

Scaling possible up to $500,000 virtual funded account

Max Allocation:

Up to $400,000 per trader/household

$500,000

Model / Profit Targets:

Multi-challenge (1-Step, 2-Step, Rapid, Stock, Synthetic)

2-phase evaluation; Phase 1: 8% profit target; Phase 2: 5%; Limited time (30 days each phase)

Time Limits:

No limits generally; Rapid challenge 7 days

30 days per phase; unlimited time after funded

DD (Daily/Overall):

Daily 2-5%, Overall 4-10% depending on challenge

5% daily loss limit; 10% max overall drawdown

Max Loss:

Approx. 6-10% depending on challenge

Enforced by drawdown limits

News Trading:

Prohibited

Limited restrictions around high-impact events

Payout:

Bi-weekly; optional 7-day payout add-on (with fee)

Bi-weekly payouts; challenge fee refunded after first payout

Split:

Starts 80% up to 90% based on performance

Up to 90% profit split

Platforms:

MT4, MT5, DXtrade, TradeLocker

MetaTrader 5

Tradable Assets:

Forex, Metals, Indices, Crypto, Stocks, Commodities

Forex, metals, commodities, indices, cryptocurrencies

Commissions & Spreads:

N/A

Spreads from 0.0 pips; $7 commission per lot on forex and gold

Country Access:

N/A

Restricted in certain jurisdictions; available globally otherwise

Reputation:

N/A

Expert Advisors allowed; trading restrictions apply mainly around news events

Pros & Cons

Blueberry Funded — Pros

Multiple tracks including 1-step, 2-step, Rapid, and specialized Stock/Synthetic options.
No general time limit on most challenges, allowing flexible pacing.
Competitive split starting at 80% and scaling to 90% with performance.
Wide platform support (MT4/MT5, DXtrade, TradeLocker) and broad asset list.
Published scaling path up to $2,000,000 with reviews about every 3 months.
Optional 7-day payout add-on for faster withdrawals.

Blueberry Funded — Cons

News trading is prohibited, limiting certain strategies.
The Rapid track imposes a 7-day window that can pressure execution.
Risk limits can be tight on some tracks (≈2–5% daily and ≈4–10% total).
The accelerated payout option requires an extra fee.
Around $400,000 cap per trader/household pre-scaling may constrain high-cap traders.

OANDA Prop Trader — Pros

Profit split up to 90%, competitive with top-tier firms.
No evaluation time limit with flexible pacing.
Multiple tracks including 1-step and 2-step challenges.
Payouts processed quickly on frequent cycles.
Scaling program available post-funding.
Supports MT5/TradingView-style platforms with diversified instruments.

OANDA Prop Trader — Cons

Minimum trading-days requirements may apply on certain tracks.
Strict daily/overall loss parameters compared with some peers.
Strategy restrictions (e.g., news windows) can apply by phase/instrument.
Subject to regional restrictions; not all countries are eligible.

Model & Time Limits: Pace vs. Pressure

Instant / One-step models favor traders who want quick funding and minimal phases—usually higher fees but faster start.
Two-phase models trim upfront cost and add verification, but Time Limits can add pressure if you need more trades to realize edge.
No time limit or lenient windows reduce forced trades; tight windows reward fast, high-activity approaches.

Risk Rules: DD (Daily/Overall) & Max Loss

Stricter Daily DD = tougher for scalpers during volatility; looser Daily DD = more room for heat intraday.
Higher Overall DD / Max Loss cushions swing holds; lower buffers suit disciplined, tight-stop systems.
News Trading allowed favors event traders; restricted news reduces gap risk but limits catalysts.

Payout & Split: Cash Flow vs. Percentage

Earlier first payout (7–14 days) + frequent cycles = smoother cash flow—even if the split is slightly lower.
Higher splits shine only if timing, caps, and fees don’t slow you down.
When two firms tie on split, choose the one with fewer payout frictions (methods, fees, thresholds).

Scaling / Max Allocation: Real Path vs. Big Number

Clear, incremental scaling (defined profit targets & min days) beats a flashy Max Allocation you’ll rarely reach.
Shorter milestones reward consistent returns; longer gates suit patient compounding.

Platforms & Tradable Assets: Execution Fit

Multiple platforms (MT4/MT5/cTrader/TradingView) = flexibility. Single-platform firms can be fine if execution is stable.
Broader asset lists (indices, FX, commodities, crypto, stocks) unlock more setups; narrow menus force concentration risk.

Commissions: Quiet Edge Eroder

Lower per-lot/contract commissions preserve edge for active traders; higher costs can negate a better split.
When two firms feel identical, pick the cheaper fill—it compounds every session.

Restricted Countries: Eligibility & Payout Practicalities

Check Restricted Countries first—eligibility, KYC friction, and payout rails differ by region.
If your country is borderline, choose firms with clear guidance and multiple withdrawal methods.

Pros & Cons: How to Read Them Quickly

Generous drawdown but stricter news → great for non-event strategies.
Fast payouts but higher commissions → suits low-turnover setups.
Big scaling but tight time limits → favors high-activity traders.

Make the Call in 5 Checks

Model & Time — need speed (instant/1-step) or flexibility (no/lenient limits)?
Risk Rules — DD & Max Loss align with your drawdown profile?
Payout Mechanics — first payout timing & cycle fit your cash flow?
Scaling Reality — milestones you can actually hit?
Costs & Execution — commissions + platform stability ok for your style?

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FAQs

What’s the fastest path to first payout?

Firms with early first payout windows (often 7–14 days) and weekly/bi-weekly cycles. Confirm fees and caps.

Which firms suit news/event traders?

Those explicitly allowing news trading or with clearly defined windows. If restricted, plan around releases.

How do I break a tie between two similar firms?

Pick the one with looser Daily DD, cheaper commissions, or simpler payout rules—whichever matters most to your P&L.

Blueberry Funded vs OANDA Prop Trader — Pros & Cons, Rules, Payouts