=> Daily Payout Processing
Payouts requested before 11AM ET on trading day (excluding holidays) will be processed on the same day. Transfer times may take from 1-3 business days, depending on your bank and payout method. Payouts requested after 11AM ET will be processed the next business day. Remember sometimes there are situations out of our control and payouts can be delayed. We will communicate these situations the best we can.
Payouts can be submitted by logging into your BluSky dashboard and clicking the menu icon on the upper right hand side of your dashboard:
And then selecting the "Payouts" option to proceed with your payout request:
=> No minimum days for payouts
There are NO minimum days to trade to request payouts as long as you are above your initial starting balance in your Sim Funded or Brokerage Account. You just need to reach the point of profit where your account moves from BluLive to a Sim Funded/Brokerage Account.
You will be funded in a Sim Funded Account after having passed the BluLive/Buffer account, so all the profits you make in it are real and we're happy to transfer over the eligible initial balance over to the Sim Funded account. It's also how we scale our business.
=> Payouts in Brokerage account
Minimum withdrawal amount: $250
Minimum Payout - To qualify your Sim Funded/Brokerage Account for payouts, you must be above your account's initial starting balance by $250.
All you need is one meaningful profitable day between payout requests. (Flipping contracts won’t count — trade with intent.)
Max Payout cap amounts per week in Sim Funded can be found here:
Please be reasonable when withdrawing so you leave enough drawdown to continue trading. If you are just creating accounts to immediately close them, we may decline your application of future evaluations.
Keep in mind when you make it to Brokerage the safety buffer (Minimum account balance) is not available for withdrawal.
=> Profit Sharing
Our business model is focused on retaining successful traders. The more you make, the more of that profit you get to keep. All payouts are now 90% Trader / 10% BluSky at all times unless changed by a Risk Team Review.
=> Payment Processing
Gusto.com, and Rise Pay (riseworks.io) are used for payouts.
=> Taxes
You will be paid as an individual contractor by 1099 (If you need a 1099 for your LLC you must select Gusto as your payout method! Rise will not issue LLC 1099's). It's your responsibility to choose correctly.
Non-US citizens must submit a W-8BEN on their first payout. No reports are sent for Non-US citizens.
=> For any tax advice, consult with your personal accountant.
***Submitted payouts must be claimed within 30 days from the date of the payout request, or they will be forfeited. (You must complete your Rise or Gusto onboarding quickly)***
BluSky Trading Company LLC reserves the right to payout the trader at any time and under any circumstances.
For any further information, kindly contact our Support Desk: