Avoid the Payment Police
Welcome to BluSky and don’t bother with the Payment Police!
We've noticed a significant number of traders who are accustomed to the rules set by other Prop-firms. To assist you and highlight how BluSky differs, we've gathered a series of questions we've been receiving from you and turned it into a chat with our support.
Detailed Restrictions and Payout Denial Criteria at competing Prop-firms
(These rules DO NOT adhere to funded Traders at BluSky)
The payout rules are extensive and cover a wide range of criteria that traders must meet to qualify for payouts. Here's a detailed breakdown of the key restrictions and how they can lead to payout denials:
Qualified Trades and Consistency: Consistent Trading Plan: Traders must follow a defined strategy with set rules for entry, stops, and targets. Any deviation from this plan can disqualify trades from being eligible for payouts.
Prohibited Trading Strategies: Strategies such as hedging, DCA (dollar-cost averaging), news trading, and windfall strategies are not allowed. Using these strategies will result in the trades being disqualified and can lead to the closure of the account.
Consistency Rules: Traders must maintain consistency in contract size and trading behavior. Starting with large contract sizes to gain an initial balance and then reducing contract size is not permitted. This inconsistency can lead to payout denial.
Stop Losses: Trades must always use stop losses. Failing to use stop losses or using extremely wide stops invalidates the trades, and you could get denied a payout.
How is BluSky different?
Most other prop firms have to pay you out of their own pocket because they do not put their funded traders into a real brokerage.
In our opinion, this is a conflict of interest and explains why they are trying to create rules that will deny them a payout.
However, BluSky have all their funded traders in real brokerage, meaning they trade in the real market.
The more money you make as a trader - the more BluSky makes.
It's a win-win partnership. That's why BluSky does so much to help their traders succeed.
More reasons to choose BluSky as your Prop firm to have your funded accounts
DCA (Dollar cost averaging) is completely allowed.
No consistency rules for taking out profits
No consistency requirements in the amount of contracts you trade with.
No min/max ratio on risk/reward on your trades
No requirements to tell us your strategy on Zoom or a recording.
No minimum trade days to take out payment from your hard earned profits
No minimum time to hold a trade, feel free to scalp as you please.
Automated trading with bots are allowed. We welcome all kind semi-automated and full automated.
There are countless ways to trade in the market. We want you to have the freedom to trade anything that is legal and effective!