BluSky offers traders a simple payout process with a 90/10 profit-sharing model, where traders keep 90% of their earnings. Here’s what you need to know:
- Minimum withdrawal amount: $250
- Initial payout limits: $300–$1,000 depending on account type
- Same-day processing: Submit requests by 11:00 AM ET on weekdays
- Funds arrival: Typically within 1–3 business days
- No withdrawal limits after the first payout
Key requirements:
- Account balance must exceed the initial starting amount.
- First payouts have limits based on account type.
- Non-U.S. traders must submit a W-8BEN form.
Payments are processed via Gusto.com, Rise, or as BluSky account credit. Traders operate as individual contractors, ensuring flexibility.
Quick Overview of Account Payout Limits:
Account Type | Initial Payout Limit |
---|---|
25K Advanced | $300 |
50K Premium | $400 |
75K Premium+ | $500 |
100K Premium+ | $600 |
150K Static | $400 |
200K Static | $600 |
300K Static | $1,000 |
After the first withdrawal, these limits are removed, making it easier to access your profits.
Payout Requirements
Account Standards
To qualify for payouts, traders must maintain a balance higher than their starting amount [1]. Each account type has its own minimum balance requirement [2].
Here’s a breakdown of the required balances for different account sizes:
Account Size | Required Minimum Balance |
---|---|
$25,000 | $25,300 |
$50,000 | $51,000 |
$75,000 | $76,000 |
$100,000 | $101,000 |
For non-U.S. traders, a W-8BEN form must be submitted with the first payout request [1]. Payments are processed with all traders classified as individual contractors [1].
Once the balance requirements are met, withdrawal limits are based on your account type.
Maximum Withdrawal Amounts
Withdrawal limits differ depending on the type of account [1].
Static Account Limits:
- 150K Static: Maximum initial payout of $400
- 200K Static: Maximum initial payout of $600
- 300K Static: Maximum initial payout of $1,000
Advanced & Premium Account Limits:
- 25K Advanced: Maximum initial payout of $300
- 50K Premium: Maximum initial payout of $400
- 75K Premium: Maximum initial payout of $500
- 100K Premium+: Maximum initial payout of $600
After the first withdrawal, these limits are removed [1]. BluSky retains full discretion over all payout approvals [1].
How Payouts Work
Requesting Your Payout
BluSky makes requesting your payout simple, with processing available every weekday (Monday through Friday) [2]. Here’s what you need to know:
- The minimum withdrawal amount is $250, and your account balance must exceed the initial starting amount [1].
- Submit your request before 11:00 AM ET on weekdays for same-day processing (holidays excluded) [1] [2].
- There’s no required trading period before withdrawing, but you should keep enough funds in your account to continue trading [1].
Payment Options and Timing
Once your request is submitted, BluSky offers multiple ways to receive your payout:
Payment Method | Processing Time | Key Features |
---|---|---|
Gusto.com | 1-3 business days | Standard payment platform |
Rise | 1-3 business days | Alternative payment option |
BluSky Account Credit | Same day | Fastest processing time |
Key Processing Details:
- Payouts are processed Monday through Friday [2].
- Requests made after 11:00 AM ET are handled the next business day [1].
- Requests on holidays are processed on the next available business day [1].
- Ensure your account retains enough funds for ongoing trading [1].
For your first payout, there may be specific caps depending on your account type. After that, withdrawal limits are lifted, giving you more control over your earnings [1].
BluSky Trading Prop Firm Review 2024 + Coupon Code
Profit Distribution
BluSky provides a clear and straightforward approach to sharing profits with traders, ensuring transparency in the process [1].
Profit Sharing Levels
Here’s how profits are split across different account types:
Account Type | Trader’s Share | Platform’s Share |
---|---|---|
150K Static | 90% | 10% |
200K Static | 90% | 10% |
300K Static | 90% | 10% |
25K Advanced | 90% | 10% |
50K Premium | 90% | 10% |
75K Premium+ | 90% | 10% |
100K Premium+ | 90% | 10% |
This consistent 90/10 split ensures traders retain the majority of their earnings, regardless of the account type.
Top Trader Profit Shares
Traders who perform exceptionally well gain access to additional perks:
- Unlimited Payout Requests: After their first payout, traders can request withdrawals daily without any limits [1][3].
- Contractor Status: Traders operate as individual contractors, offering them greater flexibility and potential tax benefits [1].
To qualify for profit distribution, traders must meet specific criteria:
- Maintain an account balance above the initial starting amount [1].
- Achieve profits through successful trades [2].
- Ensure withdrawals meet the $250 minimum requirement [1].
These guidelines help keep the profit-sharing process fair and efficient.
Payout Rules and Fees
Here’s a closer look at the trading requirements and fee structures tied to payouts on BluSky.
Trading Rules
BluSky has straightforward requirements for traders seeking payouts. There’s no minimum number of trading days required before requesting a withdrawal [1]. However, traders must show profitable trading activity to remain eligible for withdrawals [3].
When moving to a brokerage account, traders are categorized as Professional Subscribers of the CME Market Data [4]. This comes with specific fee responsibilities:
Platform | Market Data Fee Structure |
---|---|
Tradovate | $140 per exchange, billed monthly |
Rithmic | First month covered by BluSky |
For those using Rithmic, market data fees are deducted from the brokerage account starting the second month [4].
Payout Limits and Costs
BluSky has a standard minimum withdrawal amount of $250 for all account types [1]. After the first payout, traders can withdraw funds without any maximum limit [1].
If you’re using the Rithmic platform, market data fees kick in after the first complimentary month. These charges are automatically taken from your trading account to ensure uninterrupted access to market data [4].
These rules help traders keep sufficient capital in their accounts while enjoying the benefits of their earnings.
Summary
Here’s a quick overview of BluSky’s payout process:
BluSky uses a 90/10 profit-sharing model, where traders keep 90% of their earnings [1]. The minimum withdrawal amount is $250, and initial payout limits depend on your account type [1].
Initial payout limits by account type:
- Advanced accounts (25K-100K): $300-$600
- Static accounts (150K-300K): $400-$1,000
To qualify for same-day processing, submit your withdrawal request before 11:00 AM ET. Funds usually reach your account within 1-3 business days [1]. After your first withdrawal, there are no limits on how much you can withdraw in the future [1].
Key requirements to keep in mind:
- Ensure you have enough trading capital in your account.
- If you’re a non-U.S. trader, you’ll need to submit a W-8BEN form with your first withdrawal [1].
BluSky follows its official guidelines to make the withdrawal process straightforward and reliable [1].
FAQs
What happens if my account balance drops below the starting amount after my first payout?
If your account balance falls below the initial starting amount after your first payout, you’ll need to ensure that the minimum balance requirement for your account size is met. This is essential to maintain eligibility for future payouts and to keep your account in good standing.
Make sure to review the specific balance requirements for your account type to avoid any interruptions in your trading activities or payout process.
What are the tax requirements for U.S. and non-U.S. traders when receiving payouts from BluSky?
For U.S. traders, earnings from BluSky payouts are typically considered taxable income and should be reported according to IRS regulations. It’s recommended to consult a tax professional to ensure compliance with federal and state tax laws.
Non-U.S. traders are required to submit a W-8BEN form before their first payout to certify their non-U.S. status. Additionally, they are responsible for reporting their income to the tax authorities in their respective countries. For specific guidance, consulting a local tax advisor is highly encouraged.
How does BluSky ensure secure and reliable payouts using platforms like Gusto.com and Rise?
BluSky prioritizes the security and reliability of its payout process by partnering with trusted platforms like Gusto.com and Rise. These platforms utilize advanced encryption and compliance measures to safeguard sensitive financial information and ensure payouts are processed accurately and efficiently.
Additionally, BluSky regularly monitors and audits its payout systems to maintain high standards of reliability and security. This ensures that traders can confidently receive their earnings without unnecessary delays or risks.