BluSky Trading Company Review
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Last Updated: December 23, 2022
BluSky Trading Company Review
Cost:
$96-$290
Free Trial: No
Trading Instruments:
Futures
Supported Platforms: ATAS, Bookmap, Motivewave, NinjaTrader, Quantower, R | Trader, Sierra Charts
Minimum Trading Days: 8
Minimum Days Until First Withdrawal: 0
Highlights:
- No minimum days until first withdrawal
- Immediate withdrawal process
- Daily loss on funded account doesn't fail your account, it just prevents you from trading that day
- One-time pro account fee / no monthly fee
I came across BluSky Trading Company through private discord channels, which plays into the reason why they might need to be better known to the broader public. To make matters worse, the company has recently replaced its domain name and needed to correctly route the URLs, making them look like they were just started a few months ago. Not a great first impression; they don't claim to be marketers or web developers, so I can only judge them a little on that.
This article is solely written for investigative purposes and will get updated as I learn more about the company and even try out its programs. As you probably have figured by now, we here at OPT love to stick our heads out for our readers and test things on our skin first. Therefore, the opinions stated about BluSky Trading Company on this page are purely opinions and should not be considered facts.
BluSky Trading Company's name gives away what the company is set out to do and in what space they operate. However, the company's website claims that BluSky Trading Company is not only run by experienced traders but also that they have experienced software developers on staff. This could be a major factor in getting new features introduced to you if you join BluSky programs.
How Does BluSky Trading Company's Trader Funding Programs Work?
BluSky Trading Co. claims not to have their programs structured to have their traders fail so that they can collect the reset fees. Therefore, after you get funded with BluSky Trading, the only fee you will have to pay is the $85 one-time fee which counts as a setup fee for a funded account. No monthly fees will be collected after you pass the evaluation stage.
While going through the answers provided on the BluSky website, I sensed that the company cares about its traders. However, once again, that's my opinion, and it's hard to tell if it's true without actually going through the program. Unfortunately, my colleagues nor I have yet to do it.
There are a few mentions of 1-on-1 coaching that would be provided for you with each account you would sign up for. However, there is little on the website about how the coaching would take place. I would definitely like to understand better what value their coaches would bring, how much time they would allocate for each trader, and other similar things.
BluSky Trading Evaluation Account Options
There are four different evaluation options for you to choose from:
- $10K account
- $25K account
- $50K account
- $100K account
The table below breaks down the rules as well as the cost associated with each of the accounts.
| Account Size | $10K | $25K | $50K | $100K |
|---|---|---|---|---|
| Max Contracts | 1 mini / 10 micros | 4 mini / 40 micros | 10 mini / 100 micros | 14 mini / 140 micros |
| Profit Target | $1,200 | $2,200 | $3,000 | $6,000 |
| Min Trading Days | 8 | 8 | 8 | 8 |
| Consistency Treshold | 30% | 30% | 30% | 30% |
| Trailing Drawdown | $500 | $1,200 | $2,000 | $2,500 |
| Daily Loss Limit | $300 | $600 | $1,000 | $2,000 |
| Price | $96 | $120 | $152 | $232 |
While the evaluation goals and rules are different, each one of the evaluation accounts offers Free NinjaTrader licenses, 1-on-1 coaching, and $85 evaluation resets. You can also trade the news if you'd like while in the evaluation stage.
Once you pass the evaluation account stage and get funded, you can enjoy the following perks:
- $0 Monthly Data Fees
- $85 (One-Time) Setup Fee - No Monthly Fees
- 80% Profit (up to 90%)
- Ability to withdraw daily (ACH, Paypal, Crypto)
- No minimum trade days to withdraw
BluSky Trader Funding Program Flow
#1: Signup for Evaluation Account
Choose the account that is most comfortable for you. Trading is best when you are as comfortable as possible. BluSky will help you increase your limits if you can trade consistently for a long time in your current funded account.
#2: Trade smart, don't rush, and follow the rules
The minimum number of days you are required to trade is low. While many other prop firms set this number at 10, BluSky Trading is trying to be more trusting and set it at 8. Your subscription will automatically renew after 30 days. They do not reset your account balance after your subscription renews. So you can trade your account at the pace that suits you best.
#3: What do you do after you have passed the evaluation?
BluSky will contact you and your brokerage partner to set up an account. Then, the final agreements are signed, and the $85 setup fee is paid. This process usually takes less than 48 hours. The appropriate risk is then deposited into your account. You can then trade.
#4: Trade the account
You will have to treat this account as a real account because it is real. Everything you do on this account will take place in real life. BluSky wants you to make money with this real trading account because when you make money, they make money. So you can withdraw as much or as little as you like.
#5: Reach out to BluSky Trading Company for Coaching (Optional)
BluSky encourages traders to reach out to them to discuss your trading strategy and see if they can help you improve it. They also consider chatting with other like-minded people very beneficial for professional growth. I would also agree with that myself. Even the most experienced traders can be surprised by what a coach can do for them.
OPT's Research On The Company Itself
BluSky Trading Company's website shows the address of 14175 Icot Blvd, Suite 300, Clearwater, FL 33760. The picture on the website shows a building with a corner of an office building and a few cars parked up front. The logo of BluSky Trading Company is displayed on the building. After doing the reverse search on Google on image search, we found the same image online without the logo, which makes it obvious that the image on the site is photoshopped.
When pulling the company's address up on Google Maps, it was obvious to me that the office building at that address did not match the image posted, nor did it have any signs of business logos on the outside. At most, this address seemed like a bunch of empty offices. Not the best start to gain my trust for this review.
When I checked out BluSky Trading Company's Trustpilot reviews, I realized that all 6 of their reviews either happened on November 1st or October 25th of 2022. This is fairly suspicious and artificial looking due to my previous experience unraveling sketchy program tactics. I could be wrong, however, so please do your research.
See more of The Best Funded Trader Programs for 2023
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