Blue Sky – Prop Firm Review
- Premier destination for trading talent
- Exceptional backing for elite performers
- Rapid capital scaling after success
- Outstanding profit sharing arrangement available
- Authentic trader-focused growth opportunities
Company Overview
Blue Sky is an innovative prop trading firm that offers both beginners and seasoned traders the opportunity to access substantial trading capital without risking their own funds. Founded with the mission to democratize access to professional trading, Blue Sky provides a structured pathway through their challenge programs where traders can prove their skills before managing larger capital allocations.
What sets Blue Sky apart is their balanced approach to trading rules, offering reasonable profit targets alongside realistic drawdown limits. Their platform supports a variety of financial markets including forex, indices, and commodities, with implementations for both MetaTrader 4 and MetaTrader 5. With transparent evaluation criteria and a competitive profit-sharing model of up to 90%, Blue Sky positions itself as an accessible entry point for aspiring professional traders seeking institutional-level opportunities.
Key Features at a Glance
Challenge Fees
- One-time payment – Simple flat fee structure with no recurring charges
- Discounted reset fees – Reduced rates if you need to restart your challenge
- Scaling discounts – Better pricing for larger account sizes
- Promotional offers – Seasonal discounts available throughout the year
Account Types
- Standard Challenge: Beginner-friendly option with balanced trading objectives and a 14-day minimum trading period
- Professional Challenge: Advanced option with more aggressive profit targets and fewer restrictions for experienced traders
- Funded Account: Final stage after passing challenges, with real capital and profit sharing
Profit Split Options
- Standard Split: Initial 70/30 profit split (70% to trader, 30% to firm)
- Performance-Based Scaling: Increased profit share up to 90/10 after consistent performance
- Milestone Bonuses: Additional profit percentage after reaching specific trading milestones
Account Sizes
- $10,000: Entry-level account for beginners with lower challenge fees
- $25,000: Mid-tier account balancing reasonable fees with good capital size
- $50,000: Advanced trader account with increased profit potential
- $100,000: Professional level capital with maximum earnings opportunity
- $200,000: Elite account for highest-performing traders
Trading Platforms
- MetaTrader 4: Classic platform with robust features and stability for forex trading
- MetaTrader 5: Advanced version with improved functionality and access to more markets
- Proprietary Dashboard: Custom monitoring tool for tracking performance metrics and account status
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock market indices including US30, S&P 500, NASDAQ
- Commodities: Gold, silver, oil, and other key commodity markets
- Crypto (CFDs): Bitcoin, Ethereum, and other major cryptocurrency pairs
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 10% | 5% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 8 days | 8 days |
Challenge Specifications
- Max Allocation: Up to $200,000 initially, with potential to scale to $1,000,000
- Scaling: 25% account growth after consistent profitable performance (typically every 3 months)
- Trading Competitions: Monthly leaderboards with cash prizes and accelerated scaling opportunities
- Free Trial: 7-day demo challenge available to test the platform before purchase
- Profit Targets: Reasonable targets between 5-10% depending on challenge type and phase
- Drawdown Structure:
- Daily: 5-6% from account balance at start of day
- Maximum: 10-12% from initial account balance
- Trailing: Not implemented, fixed maximum drawdown only
Trading Rules and Requirements
- No martingale or grid trading strategies
- No more than 5% of account balance risked on a single trade
- No overnight holding positions on certain high-volatility news events
- No trading during major economic announcements with high market impact
- Minimum 10 trading days required in each phase
- Maximum trade size of 5 standard lots for accounts up to $100,000
- No hedging on the same instrument in the same direction
- Both negative and positive trade correlations allowed within reason
Company Information
- Registration: Properly registered business entity in the European Union
- Founded: Established in 2021
- Customer Support: 24/5 via live chat, email, and Discord community
- Educational Resources: Free webinars, strategy guides, and trading psychology materials
- Community: Active Discord server with over 20,000 traders
- Languages Supported: English, Spanish, German, French, and Portuguese
Payout Methods
- Bank Transfer (3-5 business days)
- PayPal (1-2 business days)
- Skrill (1-2 business days)
- Bitcoin and other cryptocurrencies (1 business day)
- Wise/Transferwise (2-3 business days)
Trading Commissions
- Forex: $7 per lot round turn ($3.5 per side)
- Indices: $7 per lot round turn ($3.5 per side)
- Commodities: $7-$10 per lot round turn depending on instrument
- Crypto CFDs: 0.05% of trade value
- No monthly subscription fees or data charges
IP Rules
- One IP address per trader account
- VPN usage is not allowed during trading
- Multiple accounts from same IP require prior approval
- Location changes must be reported to compliance team
- IP address changes during challenge may trigger verification
Video Review
Blue Sky Review
Comprehensive review of Blue Sky trading services
Unique Features
Scaling Program
- Quarterly account size increases by 25% for consistent performers
- Potential to manage up to $1,000,000 within 24 months
- No additional fees for scaling accounts
Trader Support
- One-on-one coaching sessions available for funded traders
- Performance analytics dashboard with detailed metrics
- Weekly market analysis and trade idea webinars
Bonus Features
- Monthly subscription to premium trading indicators for funded traders
- Rapid payout processing within 24 hours for verified traders
- Trading toolkit including advanced risk calculators and journaling software
Why Choose Blue Sky?
Blue Sky offers a balanced, trader-friendly approach to proprietary trading that stands out in the increasingly competitive prop firm market. Their reasonable challenge parameters and transparent business model create an environment where disciplined traders can succeed without excessive restrictions.
Key advantages include:
- No time constraints on completing challenges
- Generous profit split starting at 70% and scaling to 90%
- Rapid scaling program to increase account size for consistent performers
- Competitive one-time fee structure with no recurring payments
- Comprehensive educational resources to improve trading skills
- Active trading community with regular webinars and market analysis
- Fast payout processing with multiple withdrawal options
Frequently Asked Questions
How long does it take to get funded?
The time to get funded varies depending on your trading performance. Since Blue Sky places no time limits on challenges, you can complete them at your own pace. Most successful traders complete both phases within 1-2 months. Once you successfully complete the verification phase, account setup typically takes 1-3 business days before you can begin trading your funded account.
Can I hold positions over the weekend?
Yes, Blue Sky allows holding positions over weekends in most cases. However, during major economic events or before significant market announcements, they may require position closure to manage risk. Their weekend holding policy is more flexible than many competitors, allowing you to capture longer-term price movements without daily closing requirements.
What happens if I break a rule?
Rule violations are handled case-by-case. Minor infractions typically result in warnings, while major violations like exceeding maximum drawdown limits will result in account termination. Blue Sky does offer a one-time “second chance” option for funded traders with good track records who experience an isolated rule breach. This opportunity costs a small fee but allows continuing with your account rather than starting over.
Can I trade news events?
Yes, Blue Sky generally permits trading during news events, but with some restrictions. Major high-impact economic releases like NFP (Non-Farm Payroll) and FOMC decisions may have specific position size limitations or require reduced exposure. Their platform provides a news calendar that highlights restricted trading periods, helping you plan accordingly while still allowing you to capitalize on market volatility around news releases.
How often can I withdraw profits?
Profit withdrawals are processed bi-weekly for funded traders. After your first month of profitable trading, you become eligible for regular payouts every two weeks, with no minimum withdrawal amount. For high-performing traders who maintain consistent profitability for three consecutive months, Blue Sky offers an express weekly payout option. All withdrawal requests submitted before the Wednesday cutoff are processed within 1-3 business days.
