BluSky is a cutting-edge proprietary trading firm that empowers traders with the capital and resources needed to thrive in todayās financial landscape. With a minimum challenge price of just $151, BluSky prop firm offers access to a wide array of instruments, including FX, Energy, and Metals, all through a simple 1-step evaluation process that leads to a generous 90% profit split. In this BluSky Review, we will explore any aspects of the firm in detail.
BluSky prop firm company overview
BluSky is gaining significant attention in the proprietary trading industry with its innovative approach to providing funded accounts. Owned by BluSky Trading Company, LLC, located at 7901 4th St N, Ste 300, St. Petersburg, FL 33702, United States, the firm stands out with its distinct methodology.
Their mission is straightforward: to equip traders with the necessary capital and resources to thrive in the competitive world of prop trading. BluSky is dedicated to empowering traders by offering them the tools and support they need to succeed in fast-moving markets.
BluSky specifications summary
BluSky's unique selling point is its flexible trading conditions and robust support systems to foster long-term trader success. letās explore the specifications with the table below:
Account currency | USD |
Minimum price | $151 |
maximum leverage | N/As |
maximum profit split | 90% |
Instruments | FX, Energy, Financials, Grains, Indices, Meats, Metals |
Assets | Euro FX, E-Mini Heating Oil, US Treasury Bond, Soybean Oil, E-Mini S&P 500, Lean Hogs, Gold |
evaluation steps | 1-step |
Trading platform | NinjaTrader, Tradovate, TradingView, Jigsaw, Bookmap, Quantower, Sierra Chart, ATAS, R|Trader Pro |
Withdrawal methods | Bank account |
maximum fund size | $200,000 |
first profit target | $1,500 |
Max. daily loss | $600 |
Challenge time limit | No Limits |
news trading | Allowed |
Maximum total drawdown | $2,500 |
commission per side | $2 for Mini Contracts |
trust pilot score | 4.5 out of 5 |
payout frequency | Daily |
established country | USA |
established year | 2022 |
BluSky prop firm Advantages & Disadvantages
BluSky's approach is trader-centric, providing a professional environment with minimal restrictions. The following table gives you a better perspective of what advantages and disadvantages BluSky has:
Pros | Cons |
High-profit split (up to 90%) | Limited educational resources |
fast payout process | Evaluation process may be challenging for beginners |
No minimum trading days | Limited track record |
Free NinjaTrader/Tradovate license | - |
1-on-1 coaching available | - |
Multiple platform options | - |
While they excel in flexibility and support, potential traders should weigh these benefits against the firm's relatively recent entry into the market.
BluSky funding & price structure
BluSky offers a range of funded account options to suit different trader needs and experience levels:
Account type | Funding Size | Price |
Advanced | $25k | $151 |
Premium | $50k | $204 |
Premium+ | $100k | $305 |
Static Growth | $150k | $215 |
Static Growth+ | $200k | $395 |
BluSky's pricing structure is designed to provide value while ensuring traders have a stake in the game and promoting responsible trading practices.
BluSky Evaluation steps
BluSky prop firm simplifies the path to funded trading with its unique 1-step evaluation process. After successfully passing the evaluation phase, you have:
- BluLive Simulation;
- Transition to Live Account.
steps | Profit goal | Payouts |
Evaluation | $1,500 | - |
BluLive | $1,500 | When reached profit goal |
Brokerage | None | Mon-Fri |
This streamlined approach allows skilled traders to quickly prove their abilities and start trading with significant capital without the extended waiting periods often associated with multi-step evaluations.
BluSky bonuses and discounts
BluSky offers attractive bonuses and discounts to help traders get started:
- Use code "FundedProgram20" at checkout for a 20% discount on any account size;
- Free NinjaTrader License: All funded traders receive a free NinjaTrader license;
- TraderVue Discount: Get 50% off a TraderVue subscription for advanced trade analysis.
These incentives demonstrate BluSky's commitment to supporting traders and fostering a mutually beneficial relationship. For the latest promotional offers, remember to check their website or subscribe to their newsletter.
What instruments & symbols can I trade on BluSky?
BluSky offers a diverse range of tradable instruments:
- Currencies: Major forex pairs (Canadian Dollar, Swiss Franc, Euro FX) and more;
- Indices: E-Mini S&P 500, E-Mini NASDAQ, E-Mini Dow, etc.;
- Grains: Mini Wheat, Corn, Soybean Oil, Oats;
- Metals: Gold, Silver, Micro Copper, etc.;
- Financials: US Treasury Bond, Eurodollar, Fed Funds 30 Day;
- Energy: Natural Gas, Crude Oil, Brent Crude Last Day, etc.;
- Meats: Live Cattle, Lean Hogs, Feeder Cattle.
This broad selection allows traders to diversify their strategies and capitalize on various market opportunities.
BluSky payment methods
BluSky Trading currently offers limited payment options, with credit cards being the only accepted method for transactions. This includes payments for evaluation fees and other related charges. While many proprietary trading firms offer a variety of payment methods, such as PayPal, bank transfers, or even cryptocurrency, BluSkyās decision to exclusively support credit card payments may present limitations for some traders.
BluSky commission & costs
BluSky maintains a transparent fee structure:
Commission Rates | |
Mini Contracts | $2 per side |
Micro Contracts | $0.50 per side |
EUREX | Currently unavailable |
Data Fees | |
Evaluation/BlueLive Phase | No data fees |
Live Brokerage | $135 per exchange/month |
Other Exchanges | Varies |
Rithmic Live Brokerage | First month covered, subsequent months deducted directly from brokerage account |
Note: While EUREX is unavailable, BluSky offers many other markets. Always check the latest fee schedule on their website, as rates may be subject to change.
BluSky prop firm Trust scores on Trustpilot
BluSky has garnered impressive trust scores on Trustpilot, boasting a 4.5 out of 5 rating:
- Overall Sentiment: Overwhelmingly positive;
- Number of Reviews: 100+ (as of 2024).
Key Praise Points | Common Critiques |
Transparent Rules | Limited Educational Resource offering |
Responsive Customer Support | Occasional glitches when using the platform |
Quick processing Payouts | - |
User-friendly Platforms | - |
This strong Trustpilot score reflects BluSky's commitment to trader satisfaction and ability to deliver on promises.
Expert suggestions
In summary, BluSky, founded in 2022 in the USA, presents an attractive opportunity for traders with a maximum fund size of $200,000 and daily payout options. Its competitive commission rates and a minimum profit target of $1,500 enhance its appeal.
Nonetheless, the firm has some drawbacks, including limited educational resources and a relatively brief history in the market, which could make the evaluation process challenging for novice traders. Overall, BluSky prop firm offers a blend of accessibility and support, making it a promising choice for traders. Write your thoughts on BluSky Review in the comments.
