BuoyTrade vs Leveled Up Society

BuoyTrade Overview

BuoyTrade is an established prop firm that came into existence in February 2021. It offers traders expansive access to capital up to $1,024,000. The firm stands out for its acceptance of a wide range of trading strategies, including the use of Expert Advisors (EAs), various indicators, hedging, and copy trading. Traders can also benefit from bi-weekly profit disbursements, a feature that enhances cash flow and reduces waiting times for payouts. The allowance for both overnight and weekend holdings, alongside trading during news events, offers traders the flexibility required in the dynamic forex landscape. BuoyTrade supports a broad spectrum of trading tools covering all forex pairs, commodities, and indices, which is advantageous for traders looking for diverse trading opportunities.

BuoyTrade Disadvantages

Firm 1 Cons were not listed under the provided context for this review. However, a critical view would suggest that potential downsides could include stricter rules and restrictions that have not been disclosed in the prompt that could affect trading freedom, as well as undisclosed terms that might be relevant for profitability and risk management.

Leveled Up Society Insight

Leveled Up Society, founded in April 2021, is a prop firm that caters to traders with account balance potentials up to $1,000,000 and offers unlimited evaluation retries, a particularly helpful feature for new traders who may need multiple attempts to meet the firm's criteria. The profit shares are competitive, ranging from 80% to 90% with fortnightly distributions, incentivizing successful trading activity. Moreover, the society provides account scaling with a 1:100 leverage, a benefit for those looking to expand their trading size systematically. The range of trading assets is comprehensive, including forex, commodities, metals, and more, essentially extending opportunities in various markets.

Limitations at Leveled Up Society

While Leveled Up Society seems promising, it does impose certain constraints on trading styles. Specifically, a trailing drawdown for single-step accounts can be restrictive, and the prohibition on Martingale strategies will deter traders whose approaches rely on this particular tactic. Additionally, the restrictions on news-based trading could be seen as a significant limitation, given that such events can bring lucrative trading opportunities. Furthermore, the acknowledgment of third-party copy trading and EA risks suggest additional layers of scrutiny or restriction on these trading practices.

Comparative Analysis of Rules

Both firms enforce a set of rules including Maximum Loss, Minimum Trading Days, and a Profit Target, which are standard requirements to ensure disciplined trading. Leveled Up Society, however, goes further by setting a Maximum Daily Loss, restricting Martingale strategies, prohibiting news trading, and highlighting risks associated with third-party copy trading and EAs. These additional rules impose a more stringent trading environment at Leveled Up Society compared to BuoyTrade.

Funding and Withdrawal Methods

Both firms offer modern deposit methods via Crypto and traditional methods through credit/debit cards. For withdrawals, BuoyTrade provides more conventional means with Bank Wire Transfer and Paypal, which are widespread and accessible to many traders. On the other hand, Leveled Up Society uses Deel for withdrawals, a global payment platform, which may not be as widely recognized but suggests flexibility and modernism in payment solutions.

Account Offerings and Trading Instruments

In terms of account sizes, BuoyTrade displays a range of options that cater to various levels of traders, from $1,000 to $1,024,000. This graded approach can entice both novices and experienced traders with different capital requirements and risk appetites. Leveled Up Society's information lacks detail on specific account sizes, so traders may need further inquiry to find their fitting option. With tradeable instruments, Leveled Up Society slightly edges out BuoyTrade by also including crypto and metals in its lineup, providing a wider array for traders interested in these markets. Both firms deal in the account currency of USD, which is standard for most international traders.

Conclusion

When choosing between BuoyTrade and Leveled Up Society, traders must consider their trading style, the importance of flexibility in trading strategies, variety of tradeable instruments, and the structure of profit-sharing and account scaling. BuoyTrade might be more suited for traders prioritizing strategy freedom and regular payouts, whereas Leveled Up Society could appeal to those looking for high-profit share percentages and account resilience features. Ultimately, the detailed examination of each firm's pros and cons, alongside considering individual trading needs, will guide users to the most suitable prop trading firm.