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Getting ready for Brokerage
Getting ready for Brokerage

What I should prepare and do for a smooth creation of a Brokerage account

K
Written by Klaus Pauli Kimere
Updated over 3 weeks ago

Congratulation on passing your BluLive account.

STOP TRADING IMMEDIATELY!

Any funds above your target amount will not transfer to the brokerage.
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What to do!

You will received an email with instructions on. In case your are waiting on the email you can prepare for the following. Creating a Brokerage account is a manual process and normally takes about 1-3 business days to complete.

You can prepare the following for the process:

  1. Make a decision on which platform you want to trade on. If your evaluation was a Tradovate or Rhythmic account, you can choose either of them.
    Tradovate you can trade with NinjaTrader and TradingView.
    Rithmic has a lot more options. You can see a list here:
    MotiveWave

    Sierra Charts

    MultiCharts

    Jigsaw

    ATAS

    Quantower
    R | Trader Pro
    AgenaTrader

  2. If your evaluation was made on BLU+, then you will automatically continue on that platform.

  3. Decide if you would you like to withdraw any portion of your earnings from BluLive, or transfer the entire amount to the brokerage?

  4. How would you prefer to be paid for withdrawals - via Rise or Gusto?

  5. Set a daily loss limit to protect your capital. This is optional but highly recommended. For new traders, we often suggest a limit of $200–$300. This helps preserve your account balance and allows more time to grow your funds without risking a complete loss.
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    ​Note: This limit won't fail your account; it simply pauses trading until the next day.

  6. Prepare your official ID like Passport or Driving license. You will need that to confirm your full name (including middle names).

What NOT to do!

Please have some patience. It is a manual process and understand that it normally takes 1-3 business days FROM THE MOMENT we have received all necessary documentation from you. You can help the process by being prepared and NOT creating a support ticket every day to hear status.

  • Do not create more than one support ticket; this will ensure that you can follow up on the process.

  • Wait until the next trading day to contact support if you have not received the email from our Brokerage administrators.

  • Do not create more than one support ticket regarding this. Use the same ticket number in case you need to. Creating unnecessary new tickets will delay the process for everyone.

  • When you get you trading account, do not trade as big size as you did in the Evaluation and BluLive phase. This is real money in a real funded account. We see every day that traders size way too big and blow their account the first day. We want to succeed and make a lot of money.
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  • When requesting a payout, do not take to much out of your account. Leave room for trading the next days.

Most traders who achieve success trade around 1 micro per $1,000 in their account balance. (MNQ)
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Remember, you only need around $50 a day to make $1k a month. Start sizing up slowly.

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