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 "Request Payout" Button on the left side of your dashboard.
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 BluLive, so all the profits you make in it are real and we're happy to send them to you. 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 accounts initial starting balance by $250.
Max payout amount:
Max Payout amounts per week 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, Rise and BluSky Account Credit are used for payouts. Coming soon Wise!
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 first payout. No reports are sent for Non-US citizens.
For any tax advice, consult with your personal accountant.
BluSky Trading Company LLC reserves the right to payout the trader at any time and under any circumstances.