BluSky Trading Review 2024

BluSky Trading Review 2024

BluSky Trading Company’s impressive performance has attracted increasing attention to the proprietary trading firm, with ever more traders recommending its funded futures program as one of the best on offer in the industry. BluSky Trading provides a straightforward selection of programs and a static account that can increase in size, meaning it can cater to a broad range of traders.

Traders can qualify for funding remarkably quickly, in as few as eight days, contrasting favourably with the 10-day timeframe typical of other prop firms. Withdrawals are facilitated daily, without any minimum requirement for trading days. The firm’s corporate framework revolves around providing capital and incentivising profitable traders to stick with them.

Simple Steps to Becoming a Funded Futures Trader

• Register for an evaluation account:

You should select the account that best aligns with your trading styles and preferences, as you can trade more profitably when you feel at ease. BluSky Trading is committed to increasing your limits if you demonstrate a consistent trading performance over time in your funded account.

• Trade wisely, exercise patience and stick to the guidelines:

BluSky require a minimum of eight days trading before you can qualify for funding, which is relatively low compared to the industry norm of ten days. Subscriptions renew automatically every 30 days without resetting your account balance, meaning you can take your time and trade at a pace that suits you.

• Post-evaluation procedures:

Once you’ve successfully completed the evaluation, BluSky will be in touch with you and your brokerage partner to get your account set up. There will be some final agreements to sign, and a setup fee of $85 to pay. This is all usually completed within 48 hours, after which the requisite capital will be deposited into your account, and you can start trading.

• Trading:

You will be trading live on your funded account, using real capital – no more simulation. It’s in BluSky’s interests to incentivise their traders, as their success is inextricably intertwined with yours. As such, the firm gives traders full control over withdrawals, and you can withdraw as much as you like.

• Explore coaching opportunities with BluSky:

BluSky prop firm actively encourages traders to make use of the educational resources provided by the firm to help them refine their trading strategies. Coaching can be beneficial for even the most experienced traders. Exchanging insights with fellow traders can also be a useful avenue for traders looking to take their trading to new heights.

Evaluations Available and Pricing

Traders need to fulfil three key criteria during the evaluation period: achieve the profit targets, trade for a minimum of eight days, and ensure this trading is consistent every day. BluSky allows trading news during the evaluation.

Every account includes a NinjaTrader license as well as digital coaching. The four BluSky Trading Evaluation Programs are:

• Advanced: $25,000
• Premium: $50,000
• Premium+: $100,000
• Static Growth: $150,000
• Static Growth: $200,000

BluSky Trading Platforms

BluSky supports state-of-the-art trading platform connections. Tradovate is fast and reliable and allows you to connect to its trading software. The futures prop firm also has support for NinjaTrader and TradingView. The Rithmic platform has trading software (R|Trader Pro), but it also supports several other advanced trading software such as Quantower, Jigsaw Trading, Sierra Chart, Bookmap, ATAS, WealthCharts, NinjaTrader and many more.

Upon registering with BluSky Trading Company, you will connect through your preferred trading platform and will be given a complimentary NinjaTrader licence, no small deal given that it would cost over $1,000 to buy it yourself.

Multiple Accounts

BluSky Trading Company allow traders to have up to two evaluation, BluLive or funded accounts simultaneously, helpfully contained under one login. One exception to this is the Premium+ $100,000 account, which you cannot combine with another account.

Account Size	Max Accounts	Trade Copier Allowed
Advanced $25,000	2	Yes
Premium $50,000	2	Yes
Static Growth $150,000	2	Yes
Premium+ $100,000	1	No

BluSky funding recommends traders looking for a trade copier software use Replikanto by Flowbots.

BluSky Evaluation Rules

BluSky’s rules are as follows:

• One stage: trade for a minimum of eight days and achieve the profit target
• 30% consistency rule: daily profits must not exceed 30% of the profit target
• Trailing drawdown: the drawdown limit applies in real-time during each trade
• Daily loss limit: the daily loss limit must not be exceeded
• No scaling plan

For traders who are new to the prop trading industry, this may be a lot to get to grips with. It could be helpful to read through BluSky’s FAQ page and review the rules as outlined on the firm’s website to be sure you have a thorough understanding of it all.

Account Rules

The key rule to be aware of is the maximum loss limit, which if exceeded will lead to termination of your account. However, do review the full list of regulations outlined on BluSky’s website.

BluSky Funded Account Fees

BluSky charge monthly data fees of $122 per exchange, which gives access to all markets. This fee is essentially passed on from the CME, and as BluSky provides funding with real capital, it is a mandatory charge. Do note that these fees only apply to traders when they move into a brokerage account once they have successfully completed the evaluation and the BluLive stage.

At present, the prop firm is one of few in the industry not to charge any setup or account activation fees.

Withdraw Frequency & Methods

BluSky process withdrawals on a daily basis. Traders are permitted to request withdrawals from their first day as a funded trader. Initially, traders receive 90% of the profits they generate. You can select a payout method from a range of options, including ACH, PayPal, cryptocurrency, or wire transfer. There is a minimum withdrawal requirement of $250. Having read this summary, it’s also advisable to take a look at the information about withdrawals on BluSky’s website.

Conclusion

In summary, BluSky Trading Company is a rapidly expanding futures prop trading firm offering an enticing opportunity for traders looking for funding. Their trading conditions are very attractive: the starting fee is low, the profit share for successful traders is customised, with the potential for payouts of over 90%, and the Static Growth Account is a rarity in the industry. The firm’s personalised mentoring service is a particularly valuable resource for traders aiming to refine their trading skills and acquire new insights. While there are a few limitations, like a restriction on news and weekend trading, BluSky is one of few prop firms facilitating daily withdrawals and payouts.

Considering the continual growth of the firm, and the promising offerings yet to come, we believe BluSky Trading Company would be a compelling choice for traders of all experience levels, from newcomers through to experienced professionals. However, we would recommend gauging all pros and cons and compare it to its main competitors. BluSky has many competitors, including industry leaders Topstep, Apex Trader Funding, and MyFundedFutures. Each one of these prop firms offer access to multiple account options for undercapitalized traders, enabling them to perform in the futures market. Just as BluSky, these prop firms grant you access to sophisticated trading platforms and futures contracts as well as offering attractive payout structures.

To learn more, get all the information you need in our comprehensive prop firm reviews:

• Apex Trader Review 2024
• MyFundedFutures Review 2024
• Take Profit Trader Review 2024
• Topstep Review 2024

BluSky Trading FAQs

Sign-Up, trade the evaluation while following the rules

Although our minimum trading days are low (8), don’t feel rushed. You have 30 days before your subscription renews, and when that happens, we won’t reset your balance. You can continue trading at a pace that works best for you.

I broke a rule, does that cancel my evaluation?

Trading is hard. Most traders never pass the evaluation. But when they do pass, it’s almost never on the first try. You can reset any evaluation for $85 at any time, but it will not extend the evaluation renewal date. A free reset is available on renewal upon request.

I passed the evaluation, now what?

There is no setup fee anymore after the eval ($85 saved)!The daily loss limit is removed!The trailing drawdown becomes static when you reach your profit goal!
So now, we quickly create your BluLive account and you trade that until you reach a static drawdown. Your only rule is to not fall below the trailing-to-static drawdown.

Once your account reaches a static drawdown, we send you the final agreements to sign, and we’ll deposit the risk capital into an account at one of our premium brokerages.

Trade our live, funded brokerage account

Your goal balance transfers over from the evaluation. Remember, this is a real account with real money and real executions. When you take a payout, we make money too. There’s no limit on your payout amounts over your safety buffer. We are hoping you do well and start payout quickly, because we both share in the payouts.