Discover BluSky Trading Company, a standout in the futures prop trading industry, renowned for its generous profit sharing, flexible withdrawal policies, and personalized coaching approach.

BluSky Trading Review: A Rising Star in Proprietary Trading

BluSky Trading, a burgeoning player in the proprietary trading industry, has gained attention for its streamlined evaluation process. Unlike other firms in the sector, BluSky Trading stands out by offering a notably quick path to funding, enabling traders to receive capital in as little as 8 days, which is faster compared to the standard 10-day period observed in other firms. This company emphasizes flexibility in its operations, evident from its daily withdrawal policy that remarkably imposes no restrictions on the minimum number of trading days. BluSky Trading’s business model is clearly focused on providing capital to traders and retaining those who demonstrate profitable trading strategies.  

Evaluation Process at BluSky Trading

BluSky Trading has established a clear and structured evaluation process for traders aspiring to secure a funded account. This process encompasses three essential criteria to ensure that traders are adequately prepared. Firstly, traders are required to trade for a minimum duration of eight days. During this period, it is imperative that they not only achieve, but consistently maintain, the set profit targets.
The consistency of performance across these eight trading days plays a crucial role in the evaluation. Additionally, BluSky Trading enhances the trading experience by providing each evaluation account with a complimentary NinjaTrader license, fostering a robust trading environment. Moreover, the firm offers a digital mentoring service, further supporting the trader’s journey. An interesting aspect of BluSky Trading’s evaluation process is the allowance for trading news events, offering traders the opportunity to leverage market fluctuations during their review period.

Traders looking to join BluSky Trading have the flexibility to select from four distinct Evaluation Programs, each catering to different levels of experience and capital requirements. These programs are:

• Advanced $25K: Tailored for those starting their trading journey or preferring lower capital risk.
• Premium $50K: Designed for intermediate traders seeking to expand their trading scope.
• Premium+ $100K: Suitable for experienced traders aiming for higher capital allocation.
• Static Growth $150K: The pinnacle program for professional traders, offering the highest capital base.

Your Journey to Becoming a Funded Futures Trader with BluSky Trading

Embarking on a career as a funded futures trader with BluSky Trading involves a few key steps, each designed to groom you for success in the world of proprietary trading. Below is a breakdown of the stages in this exciting journey:

1. One-Step Evaluation

The first step is the one-step evaluation, a crucial phase where your trading skills and strategies are assessed. This evaluation phase, known as the Earning phase, sets the foundation for your future trading endeavors.

2A. BluLive

After successfully passing the evaluation, you transition to BluLive, which is a simulated account phase. There are no fees for this stage, and while payouts are not available yet, the focus is on honing your trading skills. You’ll have access to BluSky Trading’s free software or can opt to use your own. The key here is to follow the trading rules and achieve the set goals within 30 days or more, depending on your preference and subscription renewal. This stage also includes the opportunity to engage with other traders in the BluSky Trading community, sharing insights and experiences.

2B. Brokerage Account

Once you reach the targeted balance in your BluLive simulated account, you progress to a live brokerage account. At this stage, you will experience real trading with actual payouts, processed from Monday to Friday. The transition involves the prop firm pre-funding your live brokerage account with the earnings accrued in BluLive (minus any payouts). Your focus here is to maintain the minimum balance, with the recommendation to build a buffer and consider weekly payouts. Continued support and coaching from BluSky Trading’s experts are available to further refine your trading habits and strategies.

The journey with BluSky Trading is not just about trading but also about learning and growing as a trader. The prop firm’s commitment to your development is evident through its offer of free one-on-one coaching and an encouraging community environment. Remember to familiarize yourself with the specifics of BluLive for a comprehensive understanding of this stage.

Understanding the Trading Rules at BluSky Trading

Navigating through the trading rules of BluSky Trading is crucial for any trader looking to succeed in their evaluation process. One key rule to note is the limitation on daily profits. Specifically, in a single trading day, the total profits a trader makes must not surpass 30% of their completed evaluation process balance. Should this occur, the trader is then required to advance to the next evaluation level in order to moderate their one-day profit percentage. It’s equally important for traders to be aware of the criteria that could lead to failing the evaluation process. These include:

• Exceeding the daily loss limit in any single trading day.
• Falling below the minimum trailing balance.

Upon successful completion of the evaluation process, traders are entitled to several benefits, which include:

• No monthly data fees.
• The freedom of no minimum trading days.
• The convenience of daily withdrawals through various channels such as ACH, PayPal, Coinbase, and Binance.
• An initial setup fee of $85.
• A generous profit split ranging from 80% to 90%.

Seamless Transition to Funded Account: BluLive at BluSky Trading

BluSky Trading has streamlined the transition from the evaluation phase to a fully funded account through its innovative BluLive platform. This platform is particularly beneficial for traders who find the shift to a funded account challenging. Upon completing the evaluation process, traders can expect prompt verification of their results, followed by the initiation of their BluLive account with a predetermined static drawdown. Once traders meet the fixed drawdown criteria, they are seamlessly transitioned into a brokerage account. Key advantages of this process include:

• Waiver of the $85 assignment fee.
• Absence of a daily loss limit.
• Swift account creation due to the lack of need for brokerage coordination.
• Simulated executions that enable traders to familiarize themselves with the platform efficiently.

Account Details

The account structure at BluSky Trading is designed to cater to a range of trading preferences and experiences, with details as follows:

• Account Size: $25,000
  • Balance when moved to Brokerage: +$1,500
  • Static Minimum Balance: $300
  • Max Contract Size: 2 Minis / 20 Micros
• Account Size: $50,000
  • Balance when moved to Brokerage: +$3,000
  • Static Minimum Balance: $1,000
  • Max Contract Size: 5 Minis / 50 Micros
• Account Size: $100,000
  • Balance when moved to Brokerage: +$3,500
  • Static Minimum Balance: $1,000
  • Max Contract Size: 7 Minis / 70 Micros
• Account Size: $150,000
  • Balance when moved to Brokerage: +$2,000
  • Static Minimum Balance: $300
  • Max Contract Size: 0 Minis / 5 Micros

Objectives-wise, BluSky Trading requires traders to trade for a limited number of days, with an 8-day evaluation process to enhance reliability. The platform’s policy of not resetting account balances at the end of the 30-day subscription period allows traders the flexibility to trade at their own pace.

The Evaluation Process at BluSky Trading

The journey with BluSky Trading begins once traders have covered the $85 start-up fee. This fee opens the gateway to trading, as accounts are credited with the appropriate capital, enabling traders to commence their trading activities. It’s crucial for traders to treat these funded accounts with the same seriousness as real stock market accounts, given that all trading actions directly impact the stock markets. A notable feature of BluSky Trading is the provision of limitless, free-of-charge withdrawals, offering traders considerable flexibility in accessing their earnings.

Digital Support and Mentorship

Understanding the symbiotic relationship between the platform’s success and that of its traders, BluSky Trading places a strong emphasis on trader success. This is achieved through digital mentorship, fostering an environment where traders can freely communicate and exchange strategies and advice. The platform recognizes the importance of this interaction as a cornerstone in developing the careers of its traders.

BluSky Trading’s approach is not about dictating trading methods but rather about enhancing trading skills by aligning with the individual trader’s thought process. BluSky Trading’s coaching services are designed to benefit traders of all levels, including the most experienced. However, it’s important to note that traders have the option to opt out of these coaching services if they prefer. The overarching goal is to improve the skills of traders and retain them on the platform for the long term, creating a mutually beneficial relationship.

Trading Rules and Conditions at BluSky Trading

At BluSky Trading, the concept of minimum trailing balance during the funded account phase differs from the evaluation stage. Once a trader reaches their profit target, the trailing minimum balance transforms into a static minimum balance, which remains constant for the account’s lifetime. Interestingly, this minimum balance increases with the trader’s highest unrealized balance, rising with profits but not decreasing with losses.

BluSky Trading Strategies and Closing Positions

BluSky Trading mandates that all open positions must be liquidated 15 minutes before the market’s closing time. The system automatically limits the maximum contracts a trader can hold, rejecting any excessively large orders. This ensures a disciplined and risk-managed approach to trading.

Account Activity and Multiple Accounts

Once traders secure a funded account, they enjoy considerable freedom in their trading activities, with minimal restrictions. To maintain account activity, at least one trading day per month is mandatory. Inactivity beyond this threshold leads to warnings and potential fines. Additionally, traders are allowed to operate two funded accounts concurrently, but must avoid conflicting positions, like holding simultaneous short and long positions on the same product, as this can lead to permanent account cancellation. For traders with a $100k account, combining it with another account is not permitted.

Profits, Revenue, and Account Scaling

Profit sharing at BluSky Trading is aligned with industry standards, ranging from 80-90%, depending on the account size. Successful traders have the opportunity to negotiate customized profit shares with the firm. The profit withdrawal percentages are as follows:

• 0 – $25,000: 80%
• $25,000 – $50,000: 85%
• $50,000+: 90%
• $100,000+: Custom offer

Regarding the scaling plan, it changes once the profit target is achieved. The account then shifts to a static state, and traders who consistently perform well can request an extension of their maximum contract size without starting a new evaluation, irrespective of their initial account size. The scaling plan is outlined below:

• Account Size: $25,000; Max Contract: 2 minis / 20 micros; Daily Loss: $600; Trailing Drawdown: $1,200
• Account Size: $50,000; Max Contract: 5 minis / 50 micros; Daily Loss: $1,000; Trailing Drawdown: $2,000
• Account Size: $100,000; Max Contract: 7 minis / 70 micros; Daily Loss: $2,000; Trailing Drawdown: $2,500
• Account Size: $150,000; Max Contract: 0 minis / 5 micros

Withdrawals and Payments at BluSky Trading

BluSky Trading offers a straightforward withdrawal process for traders. To initiate a withdrawal, traders simply need to achieve their profit goals, with no stipulation on the minimum number of trading days required for payouts. For added convenience, if withdrawal requests are submitted before 12:00 PM EST on trading days, BluSky Trading processes the payments on the same day.

Account Balances Post-Withdrawal

The firm maintains specific minimum balances post-withdrawal for different account sizes. These balances ensure that trading activities can continue seamlessly after a withdrawal. The minimum balance details are as follows:

• Account Size: $25,000; Minimum Balance after Withdrawal: $26,200
• Account Size: $50,000; Minimum Balance after Withdrawal: $51,200
• Account Size: $100,000; Minimum Balance after Withdrawal: $101,200
• Account Size: $150,000; Minimum Balance after Withdrawal: To be determined based on account activity

BluSky Trading caters to an international clientele and supports a variety of payment methods. This includes mainstream options like PayPal, as well as several cryptocurrencies, reflecting the firm’s adaptability and commitment to providing convenient payment solutions for traders around the globe.

Trading Platforms Supported by BluSky Trading

BluSky Trading Company provides its traders with access to a variety of trading platforms, each catering to different aspects of futures and multi-asset trading. The firm supports platforms that are renowned for their advanced technology, reliable exchange connectivity, and swift order routing capabilities.

Comprehensive Range of Supported Trading Platforms

• Tradovate: A platform that leverages modern technology, specifically tailored for futures trading.
• Rithmic: Known for its multi-asset trade execution software, offering robust exchange connectivity.
• NinjaTrader: Popular among traders for its advanced charting and trading tools.
• Quantower: A versatile platform with comprehensive analytical capabilities.
• Bookmap: Provides an innovative visualization of the market order book.
• Jigsaw Trading: Specializes in order flow tools to enhance trading decisions.
• Sierra Chart: Known for its high-performance and intuitive interface.
• TradingView: Widely used for its charting tools and social networking features.
• ATAS: Offers advanced order flow analysis.
• R|Trader Pro: Rithmic’s professional trading platform for sophisticated traders.
• Other Rithmic Platforms: Various options for traders preferring Rithmic’s ecosystem.

This extensive selection of platforms ensures that traders at BluSky Trading have access to some of the most efficient and technologically advanced tools in the industry, catering to a wide range of trading styles and strategies.

Conclusion: BluSky Trading Company Review

BluSky Trading Company has rapidly established itself as a prominent futures proprietary trading firm. It stands out with a long-term scaling plan and offers an impressive profit share of up to 90%, a feature commonly seen in leading prop firms. The firm’s one-to-one coaching program is a significant asset, especially beneficial for futures funded traders aiming to enhance their trading skills and market insight. Unlike many of its peers, BluSky Trading maintains a trader-friendly environment with non-restrictive goals and trading rules.

The platform’s entry barrier is commendably low due to its affordable starting fee. Its trading conditions are straightforward yet robust, tailored to suit a wide range of trading styles. While it restricts news trading and weekend trading, BluSky Trading compensates by offering a unique benefit: it is the only futures proprietary trading firm that allows funded accounts to request daily withdrawals and payouts. This level of flexibility in fund access is unparalleled in the industry and underscores BluSky Trading’s commitment to providing a supportive and adaptable trading environment for its clients.