BuoyTrade Review
1.5

BuoyTrade Review

BuoyTrade is on a mission to find successful traders around the world. They have developed an evaluation process to distinguish and identify an individual’s qualities that they are seeking.
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BuoyTrade has a goal to break barriers into the proprietary online industry. They allow anyone who can show them qualities by displaying their trading skill to trade with their capital.

Pros
  • Maximum capital up to $1,024,000
  • Bi-weekly payouts
  • Overnight and weekend holding allowed
  • News trading allowed
  • Every trading strategy is allowed (example: EA’s, indicators, hedging, copy trading,...)
  • A large variety of trading instruments (all forex pairs, commodities, indices)
Cons
  • Leverage up to 20:1
  • No free trial

BuoyTrade is searching for profitable and experienced traders who will strive with their funds’ help by showing skills in unpredictable market conditions. They allow them to earn high profits by managing account sizes up to $1,024,000 and taking home profit splits of 50%. They can achieve this by trading Forex pairs, commodities, and indices.

Who are BuoyTrade?

BuoyTrade is a proprietary firm that started operating successfully in February 2021. They are based in Singapore and offer their traders a chance to work with capital up to $1,024,000 in balance and earn 50% profit splits. They are partnered with Eightcap as their broker located in Australia.

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

Funding program options

BuoyTrade offers its traders two different funding programs to choose from:

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

Apex edition funding program accounts

BuoyTrade Apex edition funding program account allows traders to skip the evaluation altogether and start earning from the start. You should only focus on not surpassing the 5% maximum loss rule. You are awarded 50% profit splits based on the profit you make while trading with up to 1:10 leverage.

Account sizePrice
One Foot In ($1,000)$78
Level 1 ($2,000)$148
Level 2 ($4,000)$298

Apex edition funding program account scaling plan

Account sizeLevel 1Level 2Level 3Level 4Level 5Level 6Level 7Level 8Level 9Level 10
One Foot In ($1,000)$2,000$4,000$8,000$16,000$32,000$64,000$128,000$256,000$512,000$1,240,000
Level 1 ($2,000)$4,000$8,000$16,000$32,000$64,000$128,000$256,000$512,000$1,240,000
Level 2 ($4,000)$8,000$16,000$32,000$64,000$128,000$256,000$512,000$1,240,000

Apex edition funding program account also has a scaling plan which you can see in the spreadsheet above. To become eligible to scale your account, the only requirement is to reach a profit target of 5% or 10% to scale and withdraw your profit split.

Trading instruments for the apex edition funding program account are forex pairs, commodities, and indices.

Apex edition funding program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. Profit target for scaling without the profit split is 5%, while the profit target for scaling with the profit split is 10%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss rule of 5%.
  • Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase or request a withdrawal. You are required to trade a minimum of 1 trading day per week.

Standard edition funding program accounts

BuoyTrade Standard edition funding program account allows traders to skip the evaluation altogether and start earning from the start. You should only focus on not surpassing the 5% maximum loss rule. You are awarded 50% profit splits based on the profit you make while trading with up to 1:20 leverage.

Account sizePrice
One Foot In ($1,000)$68
Level 1 ($2,000)$135
Level 2 ($4,000)$270
Level 4 ($16,000)$1,975

Standard edition funding program account scaling plan

Account sizeLevel 1Level 2Level 3Level 4Level 5Level 6Level 7Level 8Level 9Level 10
One Foot In ($1,000)$2,000$4,000$8,000$16,000$32,000$64,000$128,000$256,000$512,000$1,240,000
Level 1 ($2,000)$4,000$8,000$16,000$32,000$64,000$128,000$256,000$512,000$1,240,000
Level 2 ($4,000)$8,000$16,000$32,000$64,000$128,000$256,000$512,000$1,240,000
Level 4 ($16,000)$32,000$64,000$128,000$256,000$512,000$1,240,000

Standard edition funding program account also has a scaling plan which you can see in the spreadsheet above. To become eligible to scale your account, the only requirement is to reach a profit target of 5% or 10% to scale and withdraw your profit split.

Trading instruments for the standard edition funding program account are forex pairs, commodities, and indices.

Standard edition funding program account rules

  • Profit target is a specific percentage of profit that a trader is required to obtain before they can complete an evaluation phase, withdraw profits, or scale their account. The profit target for scaling without the profit split is 5%, while the profit target for scaling with the profit split is 10%.
  • Maximum loss is the maximum loss a trader can reach overall before the account is violated. All account sizes have a maximum loss rule of 5%.
  • Minimum trading days is the minimum period which you are required to trade for before you can complete an evaluation phase or request a withdrawal. You are required to trade a minimum of 1 trading day per week.

What makes BuoyTrade different from other prop firms?

BuoyTrade is different from most industry-leading firms due to offering two direct funding programs: Apex edition and Standard edition. Both funding programs have no maximum daily loss rule and no maximum trading period requirements. They also have almost no restrictions on your trading style, you can trade during news, hold trades overnight, and during the weekends.

BuoyTrade apex edition funding program account is a direct funding program. The profit target for scaling is 5%. However, if you want to scale your account and receive a profit split, your profit target is 10%. Note that the two main rules you must follow are the 5% maximum loss and one minimum trading day per week rule. On the other hand, you have no maximum daily loss and maximum trading period rules. While trading, you can work with up to 1:10 leverage.

BuoyTrade standard edition funding program account is also a direct funding program. The profit target for scaling is 5%. However, if you want to scale your account and receive a profit split, your profit target is 10%. Note that the two main rules you must follow are the 5% maximum loss and one minimum trading day per week rule. On the other hand, you have no maximum daily loss and maximum trading period rules. While trading, you can work with up to 1:20 leverage.

In conclusion, BuoyTrade is different from other industry-leading prop firms by offering two different direct funding programs: Apex and Standard edition. n addition, you also have no maximum daily loss rule and no maximum trading period requirements while being able to trade during news, hold trades overnight, and during the weekends.

Is getting BuoyTrade capital realistic?

It’s essential to see how realistic the trading requirements are when looking at prop firms that best suit your forex trading style. For example, a company offering a high % profit split on a highly funded account sounds great, but if they expect high % gains per month with low % maximum drawdowns, your chances of success become close to zero.

Receiving capital from apex edition funding programs accounts is realistic since they are direct funding programs where you can start earning from the start while working with 1:10 leverage. You have average profit targets (5% to scale and 10% to scale and withdraw) to reach while being able to request your withdrawal on a bi-weekly basis.

Receiving capital from standard edition funding programs accounts is realistic since they are direct funding programs where you can start earning from the start while working with 1:20 leverage. You have average profit targets (5% to scale and 10% to scale and withdraw) to reach while being able to request your withdrawal on a bi-weekly basis.

After considering all of that, BuoyTrade is an excellent choice to get funded since you have two different direct funding programs you can choose from that have realistic trading objectives to follow and conditions to receive payouts.

Payment proof

BuoyTrade was incorporated in February 2021. Their clients are eligible for bi-weekly payouts. Direct accounts have a profit target of 5% without profit splits or a profit target of 10%, where you are awarded a profit split. On the other hand, their funded verified trader accounts have no minimum profit targets.

You can see an example of the payment process in the picture below:

And an example of payment proof in the following picture:

Which broker does BuoyTrade use?

BuoyTrade has integrated its technology with a broker Eightcap, an ASIC-regulated broker in Melbourne, Australia. They were founded in 2009 with a simple, straightforward mission to provide exceptional financial services to its clients. They have five offices around the globe and regulations in multiple locations providing clients worldwide with the ability to trade on markets across FX, indices, commodities, and shares.

Eightcap is considered average-risk, with an overall Trust Score of 73 out of 99. They have the following features:

  1. Forex Trading
  2. CFD Trading
  3. Cryptocurrency Trading
  4. Social Trading/Copy-Trading
  5. A total of 326 Tradeable Symbols
  6. A total of 45 Forex Pairs

They offer two account types, one being Raw and the other Standard. The commissions and fees will depend on which of the two you choose. Fees for Standard accounts are built into a spread and for Raw accounts into a commission. Another fee you should always consider is the overnight fee, which is an interest for holding an open position overnight in trading.

Being a MetaTrader only broker, their offers are MetaTrader 4 and the newer MetaTrader 5 platforms from MetaQuotes Software Corporation.

They deliver a personalized trading experience and create an ultra-efficient technology infrastructure for you to trade on and have been awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards for doing so.

As for trading platforms, they allow you to trade on Meta Trader 4.

Trading instruments

BuoyTrade allows you to trade forex pairs, commodities, and indices with leverage up to 20:1.

FOREX:USDCHFGBPUSDEURUSDUSDJPYUSDCAD
AUDUSDEURGBPEURAUDEURCHFEURJPYGBPCHF
CADJPYGBPJPYAUDNZDAUDCADAUDCHFAUDJPY
CHFJPYEURNZDEURCADCADCHFNZDJPYNZDUSD
GBPAUDGBPCADGBPNZDNZDCADNZDCHFAUDSGD
EURMXNEURNOKEURSEKEURSGDEURTRYEURZAR
GBPNOKGBPSEKNZDSGDSGDJPYUSDCNHUSDHKD
USDMXNUSDNOKUSDSEKUSDSGDUSDTHBUSDTRY
USDZAREURRUBUSDRUB
COMMODITIES:XAUUSDXAUEURXAGUSDXPTUSDXPDUSD
XAUAUDXAGEUR
INDICES:AUS200GER30CA60HK50CHINA50
EUSTX50ES35IT40UK100FRA40JPN225
US30US500US2000NAS100NOR25SA40

Trading fees

Trading commission:

AssetsFee terms
FOREX 7 USD / LOT
COMMODITIES 0 USD / LOT
INDICES 0 USD / LOT

Spread:

In order to check the live spreads login to the trading account below:

PlatformServerLogin numberPasswordDownload platform
MetaTrader 4EightcapLtd-Demo319922367ZGV8BVsBClick here

Education & Support for traders

BuoyTrade does not provide any educational content on its website.

You can also find a thread about BuoyTrade on Forex Factory. You can find a lot of information and discussions about the firm itself by reading the thread. Besides that, you can read comments about experiences from their clients.

BuoyTrade has also been mentioned numerous times on Forex Factory in another thread named ‘’PROP FIRM HUB’’ made by a user named Masterrmind. 

To see the mentioned thread click here.

Another thing that they are still working on is a dashboard for their clients, which should launch in the upcoming year 2022.

Traders’ comments about BuoyTrade

BuoyTrade has great feedback from reviews.

On Trustpilot, they have a large variety of their community commenting and giving positive feedback with a great score of 4.1/5 out of 18 reviews. They also have a fast and reliable support team that will provide you with all the necessary information you require from them or if you are unsure of anything.

Most of their community praises their support team, who are super responsive and helpful, with anything you require, they will do their best to assist you in any way possible.

Social media statistics

BuoyTrade can also be found on social media.

They have a:

They also have a Discord channel with 851 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.

Support

BuoyTrade has a FAQ page where you might find the missing information.

The support team is available on their social media, or you can directly contact them on their email support@buoytrade.com.

Their business hours are Monday – Friday from 8:30 AM to 5:30 PM (Local time GMT+8).

Their live chat support team on their website is available:

  • 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.

You can also check out their Discord channel, which has a Support channel if you face any support or technical issues.

Conclusion

In conclusion, BuoyTrade is a legitimate proprietary trading firm that offers traders a chance to choose between two different direct funding programs: Apex and Standard edition.

BuoyTrade apex edition funding program account is a direct funding program that allows you to skip the evaluation period and jump directly into trading a funded account and earning bi-weekly profit splits. You are only required to follow the 5% maximum loss and one minimum trading day per week rules while working with up to 1:10 leverage. Note that with apex edition funding program accounts, you can earn 50% profit splits while also being able to scale your accounts.

BuoyTrade standard edition funding program account is also a direct funding program that allows you to skip the evaluation period and jump directly into trading a funded account and earning bi-weekly profit splits. You are only required to follow the 5% maximum loss and one minimum trading day per week rules while working with up to 1:20 leverage. Note that with apex edition funding program accounts, you can earn 50% profit splits while also being able to scale your accounts.

I would recommend BuoyTrade to anyone looking for a prop firm with direct funding programs and straightforward rules. They are a relatively new proprietary trading firm that offers excellent conditions with two different direct funding programs to choose from that target a big pool of individuals with unique trading styles. After considering everything BuoyTrade has to offer, we can say that they are a great direct funding prop firm.

This review about BuoyTrade was lastly updated on 26.08.2022 at 10:06 (CE(S)T).

So, what do you think about the layout of the Proprietary Trading firm? Does BuoyTrade have the instruments that you want to trade?

Let us know if you enjoyed our BuoyTrade Proprietary Trading firm review!

BuoyTrade Review Details

Trading platform
Deposit Methods
Withdrawal Methods
Tradable instruments
Brokers
Account Currencies
Leverage
Maximum capital allocation
Account size up to:
$10,000
BuoyTrade Account
*Choose your account size and make a payment
1.0
Fees
2.0
Trading platform
2.0
Deposit and withdrawal
1.0
Customer Support
1.5 Overall Rating

One Reply to “BuoyTrade Review”

  • Kevin says:

    Relatively good scaling plan, I hope they improve some of the other aspects. They might actually be good to choose then.

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