"Bouy Trade Review: Unveiling Insights and Performance Analysis"
"BuoyTrade: Unveiling Global Trading Talent | Our Evaluation Process Identifies Skilled Traders for Direct Access to Significant Capital Opportunities"
BuoyTrade is dedicated to identifying accomplished traders globally through a meticulous evaluation process designed to discern and acknowledge specific qualities. Founded with the conviction that adept and disciplined traders should have direct access to substantial capital, BuoyTrade aims to overcome barriers in the proprietary online industry. The platform welcomes individuals who can demonstrate their trading prowess, offering them the opportunity to trade with BuoyTrade’s capital.
In pursuit of its objective, BuoyTrade seeks profitable and seasoned traders capable of excelling with financial support in unpredictable market conditions. Traders have the opportunity to earn substantial profits by managing account sizes of up to $1,024,000, with a profit split of 50%. This is achievable through trading in Forex pairs, commodities, and indices.
BuoyTrade, a proprietary trading firm, commenced operations with success in February 2021. Situated in Singapore, the company provides traders with the opportunity to manage capital amounts of up to $1,024,000, with a profit split of 50%. In collaboration with Eightcap, their broker based in Australia, BuoyTrade has established a robust presence in the financial landscape.
The corporate headquarters are situated at 7 Temasek Boulevard #12-07, Suntec Tower One, Singapore.
BuoyTrade offers its traders two different funding programs to choose from:
BuoyTrade’s Apex Edition funding program offers traders the opportunity to forgo the evaluation process and commence earning immediately. The primary focus should be on adhering to the 5% maximum loss rule, with traders receiving a 50% profit split based on their trading profits, leveraging up to 1:10.
Scaling Plan for Apex Edition Funding Program Account
The Apex Edition funding program account features a scaling plan outlined in the accompanying spreadsheet. To qualify for scaling and profit split withdrawal, traders simply need to achieve a profit target of 5% or 10%.
The trading instruments applicable to the Apex Edition funding program account encompass forex pairs, commodities, and indices.
Rules Governing the Apex Edition Funding Program Account
The profit target denotes the specific profit percentage traders must attain before completing an evaluation phase, withdrawing profits, or scaling their account. Scaling without a profit split requires reaching a 5% profit target, while scaling with a profit split necessitates a 10% profit target.
The maximum loss is the threshold beyond which a trader’s overall losses trigger a violation of the account. All account sizes are subject to a 5% maximum loss rule.
Minimum trading days stipulate the requisite duration for trading before completing an evaluation phase or requesting a withdrawal. Traders must engage in a minimum of one trading day per week.
The BuoyTrade Standard edition funding program account enables traders to forgo the evaluation process, allowing immediate earnings initiation. Adherence to the 5% maximum loss rule is essential. Traders receive a 50% profit split based on the trading profits achieved with a leverage of up to 1:20.
Scaling Plan for the Standard Edition Funding Program Account
The Standard edition funding program account incorporates a scaling plan, outlined in the accompanying spreadsheet. Eligibility for account scaling is contingent upon reaching a profit target of 5% or 10%, facilitating the withdrawal of the profit split. Tradable instruments within this program include forex pairs, commodities, and indices.
Rules Governing the Standard Edition Funding Program Account
The profit target represents a predetermined profit percentage that traders must attain to conclude the evaluation phase, withdraw profits, or scale their accounts. The profit target for scaling without the profit split is 5%, while it is 10% for scaling with the profit split.
The maximum loss stipulates the highest allowable overall loss before violating the account. All account sizes are subject to a 5% maximum loss rule.
The minimum trading days requirement mandates a minimum trading duration before completing the evaluation phase or requesting a withdrawal. Traders must engage in a minimum of one trading day per week.
BuoyTrade distinguishes itself from other prominent firms in the industry by presenting two distinct direct funding programs: Apex edition and Standard edition. Notably, both funding programs lack a maximum daily loss rule and impose no restrictions on the trading period. Furthermore, they afford considerable flexibility in trading styles, allowing for activities such as trading during news events, holding positions overnight, and engaging in weekend trading.
The BuoyTrade Apex edition funding program constitutes a direct funding initiative. Scaling the account comes with a 5% profit target, while opting for account scaling with a profit split necessitates a 10% profit target. It is important to adhere to the fundamental rules of maintaining a maximum loss of 5% and engaging in a minimum of one trading day per week. Contrarily, there are no constraints on maximum daily loss or trading period, and traders can employ leverage of up to 1:10.
Similarly, the BuoyTrade Standard edition funding program is a direct funding initiative. It entails a 5% profit target for scaling, while opting for account scaling with a profit split requires a 10% profit target. The essential rules to observe include a maximum loss of 5% and a minimum of one trading day per week. Conversely, there are no limitations on maximum daily loss or trading period, and traders can utilize leverage of up to 1:20.
To summarize, BuoyTrade sets itself apart from other industry-leading proprietary firms by offering two distinct direct funding programs: Apex and Standard edition. Notably, these programs feature no maximum daily loss rule and no restrictions on trading periods, enabling traders to engage in various strategies, including trading during news events, holding positions overnight, and participating in weekend trading.
It is crucial to assess the practicality of trading requirements when evaluating proprietary firms that align with your forex trading preferences. While a firm offering a substantial percentage profit split on a well-funded account may seem enticing, success is compromised if they anticipate high monthly percentage gains with minimal percentage maximum drawdowns.
Acquiring capital through the Apex Edition funding programs is a viable option as these are direct funding programs that enable you to commence earnings immediately with a 1:10 leverage. Attaining average profit targets (5% for scaling and 10% for scaling and withdrawal) is the objective, coupled with the flexibility to request withdrawals on a bi-weekly basis.
Similarly, securing capital through Standard Edition funding programs is realistic, as they are direct funding programs offering a starting point for earnings with a 1:20 leverage. The target remains achieving average profits of 5% for scaling and 10% for scaling and withdrawal, with the option to request withdrawals bi-weekly.
Considering these factors, BuoyTrade emerges as a commendable choice for securing funding, presenting two distinct direct funding programs with realistic trading objectives and conditions for payout eligibility.
Proof of payment:
BuoyTrade was established in February 2021, extending bi-weekly payouts to its clients. Direct accounts entail a profit target of 5% without profit splits, or a profit target of 10%, where a profit split is awarded. Funded verified trader accounts, conversely, have no minimum profit targets.
BuoyTrade has seamlessly integrated its technology with Eightcap, an ASIC-regulated brokerage based in Melbourne, Australia. Established in 2009, Eightcap is driven by a clear mission to deliver exceptional financial services to its clientele. With a global presence spanning five offices and regulatory compliance in multiple jurisdictions, Eightcap empowers clients worldwide to engage in trading across FX, indices, commodities, and shares.
Eightcap holds an average-risk profile, reflected in an overall Trust Score of 73 out of 99. The broker offers a comprehensive range of features, including Forex Trading, CFD Trading, Cryptocurrency Trading, Social Trading/Copy-Trading, 326 Tradeable Symbols, and 45 Forex Pairs. Clients can choose between two account types, namely Raw and Standard, each with distinct commission and fee structures. Standard account fees are embedded in spreads, while Raw accounts entail commission-based charges. Additionally, traders should be mindful of overnight fees, representing interest for holding positions overnight.
As an exclusive MetaTrader broker, Eightcap provides access to both MetaTrader 4 and MetaTrader 5 platforms developed by MetaQuotes Software Corporation. This focus on MetaTrader platforms aligns with their commitment to delivering a tailored trading experience and establishing a highly efficient technological infrastructure. Notably, Eightcap has received recognition for its excellence, securing the title of Best Global Forex MT4 Broker 2020 at the Global Forex Awards.
Regarding trading platforms, Eightcap exclusively supports Meta Trader 4, offering users a robust and feature-rich environment for their trading activities.
BuoyTrade allows you to trade forex pairs, commodities, and indices with leverage up to 20:1.
BuoyTrade’s website does not feature educational content. A comprehensive discussion about BuoyTrade can be found on Forex Factory, where users share valuable insights and experiences pertaining to the firm. Notably, BuoyTrade is referenced in the ‘PROP FIRM HUB’ thread initiated by a user named Masterrmind on Forex Factory.
Furthermore, BuoyTrade is actively developing a client dashboard set to launch in the forthcoming year of 2022. For additional information, the company’s FAQ page addresses various queries. Support services are accessible via social media or by direct email communication at support@buoytrade.com during business hours, Monday to Friday, from 8:30 AM to 5:30 PM (Local time GMT+8).
The live chat support team on their website operates during specific timeframes:
For additional assistance, a Support channel is available on their Discord channel to address any support or technical issues.
BuoyTrade has garnered commendable reviews, notably on Trustpilot, where a diverse range of community members has provided positive feedback, resulting in an impressive overall score of 4.2/5 from 21 reviews. The platform is distinguished by its swift and dependable customer support, ensuring timely provision of essential information and assistance for any uncertainties. The support team is consistently lauded by the community for their responsiveness and helpful demeanor, demonstrating a commitment to meeting users’ needs comprehensively.
BuoyTrade can also be found on social media.
They have a:
They also have a Discord channel with 917 members where you can follow all of their announcements, ask for help in their support channel, or just chat with the community about trading strategies.
In summary, BuoyTrade stands as a reputable proprietary trading firm, presenting traders with a choice between two distinct direct funding programs: Apex and Standard editions.
The BuoyTrade Apex Edition Funding Program provides traders with a direct funding opportunity, bypassing the evaluation period to immediately engage in trading a funded account and earning bi-weekly profit splits. Adherence to the 5% maximum loss and a minimum of one trading day per week is mandatory, with leverage of up to 1:10 allowed. Notably, Apex Edition Funding Program accounts offer a 50% profit split and the flexibility to scale accounts.
Similarly, the BuoyTrade Standard Edition Funding Program is a direct funding option, allowing traders to skip the evaluation phase and commence trading a funded account with bi-weekly profit splits. Compliance with the 5% maximum loss and a minimum of one trading day per week is requisite, with leverage of up to 1:20 permitted. It is essential to recognize that, akin to the Apex Edition, the Standard Edition Funding Program accounts enable a 50% profit split and the capacity to scale accounts.
BuoyTrade is recommended for individuals seeking a proprietary trading firm with direct funding programs and transparent guidelines. As a relatively new player in the proprietary trading arena, BuoyTrade offers favorable conditions through its two distinct direct funding programs, catering to a diverse range of traders with unique styles. Upon thorough consideration of BuoyTrade’s offerings, it can be affirmed that the firm stands as an excellent choice for those seeking a reliable direct funding prop firm.
