BuoyTrade Review

BuoyTrade is dedicated to dismantling the barriers present in the proprietary online industry. Their approach? Empowering anyone with demonstrable trading acumen to harness their capital for trading.

BuoyTrade's objective is to partner with traders who not only have proven experience but are also capable of navigating the volatile waters of the financial markets with their capital. By doing so, they enable traders to accrue substantial profits, managing accounts as vast as $1,024,000, while pocketing 50% of the profit share. This is facilitated through trading Forex pairs, commodities, and indices.

Introducing BuoyTrade

Established in February 2021, BuoyTrade is a proprietary trading firm with its operational base in Singapore. They extend to their traders the privilege to manage funds amounting to $1,024,000 and in return, reward them with a 50% profit split. Their brokerage alliance is with Eightcap, based in Australia.

‍

Their corporate headquarters can be located at 7 Temasek Boulevard #12-07, Suntec Tower One, Singapore.

Funding Opportunities at BuoyTrade

BuoyTrade presents traders with two distinct funding schemes:

• Apex edition funding program accounts
• Standard edition funding program accounts

Apex Edition Funding Program Accounts

BuoyTrade's Apex edition funding program offers traders the luxury of bypassing the evaluation stage, empowering them to start realizing profits immediately. The principal focus remains adherence to the 5% maximum loss stipulation. Traders stand to gain a 50% profit share based on their trading results, leveraging up to 1:10.

Account Size vs. Cost

Apex Edition Funding Program Account's Scaling Model

For traders to scale their Apex edition funding program accounts, as per the table above, they are required to achieve a profit benchmark of either 5% (for scaling without profit split) or 10% (for scaling inclusive of profit split).

Apex edition funding program accounts endorse the trading of forex pairs, commodities, and indices.

Apex Edition Funding Program Account Rules

• Profit Target: This is the predetermined percentage of profits a trader must amass either to conclude an evaluation, withdraw earnings, or amplify their account size. The profit threshold for scaling without sharing the profit stands at 5%, whereas with profit sharing, it is set at 10%.
• Maximum Loss: This refers to the ceiling on the losses a trader can incur before the account is deemed compromised. For all account dimensions, this limit is 5%.
• Minimum Trading Days: This is the minimal span during which a trader must actively trade either to finalize an evaluation or process a withdrawal. An obligation is in place to trade for a minimum of 1 trading day weekly.

Standard Edition Funding Program Accounts at BuoyTrade

The BuoyTrade Standard edition funding program account presents traders with an opportunity to commence trading without undergoing the typical evaluation process. The main point of concentration for traders is ensuring they don't breach the 5% maximum loss limitation. Successful traders are entitled to a 50% share of the profits, earned while leveraging up to a factor of 1:20.

Account Dimensions vs. Pricing

Scaling Model for the Standard Edition Funding Program Account

Apart from the distinct scaling approach delineated in the table above, qualifying for scaling mandates traders to hit a profit milestone of either 5% (for non-profit sharing scaling) or 10% (when profit sharing is included).

The range of trading assets for the Standard edition funding program account extends to forex pairs, commodities, and indices.

Standard Edition Funding Program Account's Directives

• Profit Benchmark: This represents a predetermined profit ratio that traders must achieve either for finalizing an assessment, executing profit withdrawals, or amplifying their account's size. For unshared profit scaling, this benchmark is pegged at 5%. If profit sharing is involved, it stands at 10%.
• Maximum Tolerable Loss: This is the uppermost loss a trader can incur before the account is deemed compromised. This loss ceiling is uniformly set at 5% across all account sizes.
• Mandatory Trading Span: This refers to the least duration within which a trader has to remain active either to culminate an assessment or initiate a profit withdrawal. The stipulated requirement is a minimum of 1 trading day weekly.

How BuoyTrade Sets Itself Apart from Other Prop Firms

Distinct from most top-tier firms, BuoyTrade boasts two unique direct funding programs: Apex edition and Standard edition. Remarkably, both programs exclude any maximum daily loss or trading duration constraints. They grant traders immense flexibility, permitting trading during news events, holding positions overnight, and even through weekends.

The BuoyTrade Apex edition funding program is a straight-shot to capital access. Traders eyeing for scaling need to reach a 5% profit benchmark. Nevertheless, if the ambition is to scale the account with profit sharing, the target stretches to 10%. It's vital to adhere to the core directives: a cap of 5% loss and a minimum trading activity of one day weekly. Daily loss caps and trading duration are non-issues here. Traders also benefit from leveraging up to 1:10.

Conversely, the BuoyTrade Standard edition also follows the direct funding path. Scaling requires a 5% profit realization, but coupling it with profit sharing pushes the target to 10%. The same two pivotal rules apply, with the leverage being amplified to 1:20.

Wrapping it up, BuoyTrade distinctly sets itself apart from its contemporaries with its two-tiered direct funding models: Apex and Standard editions. The absence of daily loss limits and unrestricted trading durations, combined with the freedom to navigate the market dynamics, makes it stand out.

Is Securing Capital through BuoyTrade Feasible?

When scouting prop firms, it's vital to assess how achievable their trading preconditions are. A tantalizing high-profit share on a generously funded account might be enticing, but if it demands an exorbitant monthly gain within a narrow loss margin, success becomes elusive.

Accessing capital via Apex edition is entirely feasible. These are direct access avenues allowing immediate profitability, accompanied by a 1:10 leverage. Standard expectations are set for profit, at 5% for scaling and 10% for both scaling and withdrawal, paired with bi-weekly withdrawal facilities.

Similarly, the Standard edition also promises realistic prospects. Initiating with a 1:20 leverage, traders encounter familiar profit benchmarks and the convenience of bi-weekly withdrawals.

Evaluating comprehensively, BuoyTrade emerges as a prudent choice for traders seeking funding. They present dual direct funding routes, both laden with pragmatic trading goals and conducive payout conditions.

Proof of Payments

Initiated in February 2021, BuoyTrade entitles its clientele to bi-weekly remittances. Direct account holders chase a 5% profit goal without shared gains, or a 10% objective linked with profit sharing. In contrast, funded and authenticated trader accounts operate without preset profit goals.

A depiction of their payment process is evident in the appended image:

Additionally, more concrete evidence is illustrated in the subsequent two visuals:

Which Brokerage Partner is Associated with BuoyTrade?

BuoyTrade has intertwined its operations with Eightcap, a broker supervised by ASIC, and headquartered in Melbourne, Australia. Founded in 2009, Eightcap embarked on a singular journey to render superior financial utilities to its patrons. They have consolidated their global presence with five offices, offering diverse trading avenues across FX, indices, commodities, and equities.

Eightcap is evaluated as medium-risk, brandishing an overall Trust Score of 73 out of 99. Their offerings encompass:

• Forex Trading
• CFD Trading
• Cryptocurrency Trading
• Social/Copy-Trading
• A suite of 326 Tradable Assets
• A compilation of 45 Forex Pairings

Clients can pick between two account varieties: Raw and Standard, with fees contingent on the chosen type. Standard account costs are embedded within the spread, while Raw accounts levy commissions. An imperative consideration is the overnight fee, essentially the interest incurred for maintaining an open position through the night.

Solely aligned with MetaTrader, Eightcap facilitates trading on both MetaTrader 4 and the more advanced MetaTrader 5 platforms.

Their commitment to a tailored trading ambiance, fortified with a high-tech infrastructure, has been recognized. They clinched the Best Global Forex MT4 Broker accolade in 2020 at the Global Forex Awards.

For trading platform options, Eightcap endorses MetaTrader 4.

Trading instruments

You can trade using the following instruments: forex pairs, commodities, and indices with 20:1 maximum leverage.

Trading fees

Trading commission:

Spread:

To see the live spreads, use these login credentials to gain access to the trading account below:

Platform: MetaTrader 4

Server: EightcapLtd-Demo2

Login Number: 20180408

Password: SXhfhCnh

‍Download Platform: Click here

Educational Resources & Community Engagement

On the educational front, BuoyTrade's website remains devoid of any instructional materials.

However, an active discussion thread centered around BuoyTrade can be found on Forex Factory. By perusing this thread, you can glean insights and opinions about the firm. Moreover, firsthand experiences of their clientele are also shared there.

‍

Forex Factory features another thread titled "PROP FIRM HUB", initiated by user Masterrmind, where BuoyTrade is recurrently mentioned.

For direct access to the said thread, click here.

Currently, they are in the development phase of a dashboard dedicated to their clientele, slated for a 2022 launch.

Feedback from the Trading Community

BuoyTrade's reputation is solidified by an influx of commendable reviews.

‍

‍

Their presence on Trustpilot showcases an impressive array of commendations, earning them a laudable score of 4.1/5 based on 20 reviews. Their adept and prompt support team stands out, catering to any queries or clarifications sought by clients.

‍

The consensus among their community highlights the unparalleled assistance of their support team. Their unwavering commitment to promptly addressing concerns ensures clients feel valued and supported.

Online Presence & Social Engagement

BuoyTrade's digital footprint extends to multiple social platforms:

• An Instagram presence boasting 274 followers.
• A Telegram channel with an audience of 1,110 subscribers.

A bustling Discord community of 917 members where updates are disseminated, support can be solicited, and trading strategies are deliberated upon.

Customer Assistance

To bridge any informational gaps, BuoyTrade hosts an FAQ section on their website.

Reaching out to their support team is hassle-free – they are accessible via their social platforms or directly through their email at support@buoytrade.com.

Their operational hours span Monday – Friday, 8:30 AM to 5:30 PM (Local time GMT+8).

Furthermore, they offer a live chat feature on their website, operational during:

• Local time (GMT+8): 8:00 AM – 9:00 PM.
• New York (EST): 8:00 PM – 9:00 AM.
• Central Europe Summer Time (CEST): 2:00 AM – 3:00 PM.

Their Discord community also houses a dedicated Support channel to troubleshoot any technical or support-related impediments.

Final Verdict

To encapsulate, BuoyTrade stands as a reputable proprietary trading establishment, extending traders the privilege to opt between two distinct direct funding avenues: the Apex and Standard editions.

The BuoyTrade Apex edition bypasses the evaluation phase, facilitating traders to seamlessly transition into trading a funded account and secure bi-weekly profit shares. The pivotal guidelines to adhere to are a 5% loss cap and a mandatory trading activity of at least one day weekly. With the Apex edition, traders enjoy a lucrative 50% profit share and the ability to scale their accounts, all while leveraging up to 1:10.

Contrastingly, the BuoyTrade Standard edition mirrors the Apex, offering direct funding, bypassing evaluations, and presenting similar rules, but elevates the leverage to 1:20.

BuoyTrade comes highly recommended for individuals scouting for a proprietary firm that promises direct funding coupled with transparent guidelines. As an emergent player in the proprietary trading sphere, their dual direct funding initiatives cater to a diverse spectrum of traders with varied trading inclinations. Weighing all the attributes, BuoyTrade unequivocally establishes itself as an exemplary direct funding proprietary firm.

This critique of BuoyTrade underwent its latest revision on 25.05.2023 at 08:34 (CE(S)T).

We invite your feedback on BuoyTrade's proprietary trading firm design. Does BuoyTrade encompass your desired trading instruments?

Your opinions on our comprehensive BuoyTrade review would be greatly appreciated!