In the dynamic world of proprietary trading, BuoyTrade emerges as a key player, offering traders a unique blend of substantial capital, flexible strategies, and an environment conducive to growth. Let’s delve deeper into what makes BuoyTrade a preferred choice for traders globally.

BuoyTrade, a prominent proprietary trading firm, is revolutionizing the trading landscape by offering aspiring and skilled traders access to significant capital. Founded on the principle of empowering deserving traders, BuoyTrade stands out in its commitment to fostering a dynamic trading environment. The firm’s roots in trading give it a unique understanding of the challenges faced by traders starting with limited capital. BuoyTrade’s model is designed to create a synergistic partnership between the trader’s expertise and the firm’s substantial resources. This approach not only amplifies the trader’s potential but also paves the way for a progressive trading journey. With BuoyTrade, traders can engage with global markets through an institutional model that blends exceptional liquidity, competitive spreads, and dedicated support to ensure an enriching trading experience.

Getting Started with BuoyTrade’s Direct Program

Before embarking on your journey with the BuoyTrade Direct Program, it’s crucial to understand the unique aspects of this offering. The BuoyTrade Direct Program stands out as a direct account option, bypassing the usual evaluation phase. This means traders have the opportunity to engage directly with the markets without undergoing preliminary assessments. Notably, the Buoy Direct is a flagship model of the firm, designed for traders ready to dive into the trading arena immediately. It’s important to note that access to BuoyTrade’s funding isn’t based on previous performance or any external track records. The firm maintains a policy of equal opportunity, where every trader, regardless of their past achievements, is required to demonstrate their trading prowess within the framework of the Direct Program. This ensures a level playing field, fostering an environment where skills and strategy take precedence.

The Genesis and Mission of BuoyTrade

Since its inception in 2020, BuoyTrade has rapidly emerged as a significant player in the global trading arena. Initially focusing on funding local traders in Singapore, the firm quickly recognized the boundless potential of remote trading and expanded its reach to embrace traders worldwide. This strategic move underscores BuoyTrade’s commitment to maintaining its status as an industry leader in providing funding to proficient traders globally.

Understanding the paramount importance of reputation in the trading industry, BuoyTrade advocates for transparency and credibility. Prospective and existing clients are encouraged to conduct thorough research about the firm. A wealth of information and reviews about BuoyTrade can be found on renowned trading review platforms such as Trust Pilot and Forex Factory. Additionally, the firm’s success stories and trader testimonials are regularly featured on its blog, offering a glimpse into the experiences of those who trade with BuoyTrade. To further cement its reliability, BuoyTrade possesses a Legal Entity Identifier (LEI), a universally recognized standard for assessing the credibility and trustworthiness of legal entities. This certification is a testament to BuoyTrade’s commitment to upholding the highest standards of legitimacy and integrity in the trading community, as verified by its registration on the Global LEI database.

Understanding the Essence of BuoyTrade

BuoyTrade stands out as a global platform seeking to collaborate with successful traders from across the world. The firm has established a meticulous scaling process designed to identify traders who possess the qualities that align with its vision and standards. At its core, BuoyTrade aims to eliminate the traditional barriers that many encounter when entering the online proprietary trading industry. The process at BuoyTrade is straightforward yet challenging: demonstrate exceptional trading skills and earn the opportunity to trade with the firm’s capital. Traders who successfully showcase their abilities are welcomed into the BuoyTrade Proprietary Trading firm. This prestigious inclusion allows them to remotely manage up to 10 accounts, each with a capital of USD 1,024,000. The Scaling Plan, known as Buoy Direct, paves the way for continuous account growth. As a trader with BuoyTrade, you are not only empowered to manage significant funds but also entitled to retain up to 50% of the profits generated. Moreover, BuoyTrade is committed to absorbing all potential losses, providing a cushion that allows traders to focus on what they do best – trading.

Connecting with BuoyTrade: Office Location and Contact Information

BuoyTrade is strategically located in Singapore, known globally as an International Financial Centre. The firm’s corporate office is situated in the bustling Central Business District of Singapore, offering easy accessibility by various transportation means. The physical address of BuoyTrade is: 7 Temasek Boulevard #12-07, Suntec Tower One, Singapore. If you wish to visit BuoyTrade’s office, it’s important to notify the team in advance. This allows the firm to make the necessary arrangements with the receptionist, ensuring a smooth and welcoming visit. BuoyTrade is always eager to meet and engage with interested individuals. For those who prefer online communication, BuoyTrade offers several contact options. These include a contact form, email, and a live chat feature, all of which can be easily accessed through the contact section on the BuoyTrade website. This variety of contact methods ensures that reaching out to BuoyTrade is convenient and user-friendly.

Eligibility Criteria for Joining BuoyTrade

BuoyTrade opens its doors to traders globally, welcoming individuals who are at least 18 years of age. The firm’s primary focus is on trading proficiency and effective risk management. If you possess the skill to trade profitably and manage risks wisely, you meet BuoyTrade’s criteria. The firm emphasizes that no additional qualifications are necessary, making it an accessible platform for talented traders worldwide.

Trading Guidelines at BuoyTrade

News Trading at BuoyTrade

Traders under the Buoy Direct program are permitted to engage in news trading. BuoyTrade offers resources such as an Economic Calendar to help traders stay informed about upcoming news releases and plan their trading strategies accordingly.

Weekend Position Holding

BuoyTrade does not require traders to close their positions over the weekend. This flexibility allows traders to maintain their strategies across the weekend, aligning with their trading plans and market expectations.

Trading Instruments and Strategies

At BuoyTrade, traders have the liberty to choose their own trading style. The firm places no restrictions on trading strategies, including discretionary trading, hedging, algorithmic trading, and the use of Expert Advisors (EAs). The key requirement is that trading practices must be legitimate, mirror real market conditions, and be replicable in BuoyTrade’s live corporate accounts. Traders are free to trade any instruments and assets available on their platform, with no limits on position sizes. BuoyTrade values profitable systems that adhere to the rules and is supportive of traders’ success.

Expert Advisors Restrictions

BuoyTrade prohibits the use of Expert Advisors (EAs) that engage in millisecond scalping. These EAs often show effectiveness only in demo accounts and are not compatible with BuoyTrade’s liquidity environment. They tend to have a high failure rate on the platform due to the discrepancies between demo account liquidity and real market conditions. Daniel, the head of the trading desk, advises against investing in tick scalpers, emphasizing the importance of realistic trading practices over reliance on such tools.

BuoyTrade Account: Key Information and Policies

Tax Responsibilities for Traders

Traders with BuoyTrade are responsible for managing their own tax obligations in accordance with the laws and tax regulations of their respective countries. It is important for traders to stay informed and compliant with their local tax requirements.

Capital Allocation for Traders

The maximum capital allocation for each trader or strategy at BuoyTrade is USD 10,240,000. This ceiling represents the sum of 10 accounts, each with a capital of USD 1,024,000. For traders who demonstrate long-term success and stability, there is an opportunity for increased capital allocation in line with BuoyTrade’s Scaling Plan.

Profit Payout Process

BuoyTrade processes profit splits bi-weekly. Payouts are executed within 1-2 business days following the receipt of an invoice. Traders can reach out to the Finance department for queries regarding invoicing. Profit distributions can be received via bank wire transfer, PayPal, or Wise. Traders also have the option to reinvest their profit split back into their account to facilitate growth and enhance their balance and drawdown buffer. However, BuoyTrade always withdraws its share of the profit split.

First-time Payouts and Withdrawal Policies

For first-time payouts, profit split is also done bi-weekly, with processing times of 1-2 business days post-invoice receipt. Withdrawals are free for amounts USD 30 and above, while a USD 12 administration fee applies for lower amounts. Note that payouts are processed during business hours, excluding Singapore Public Holidays. International transfers may take 2-5 days, depending on the receiving bank. The payment account must match the name on the BuoyTrade Contract Agreement to comply with Anti-Money Laundering/Counter-Terrorism Financing Laws. Additional information may be required to verify account ownership. Traders should be aware of potential international banking fees, for which BuoyTrade holds no responsibility.

Legal Relationship with BuoyTrade

The legal relationship between a trader and BuoyTrade is governed by a Contract Agreement, provided for signing after successful completion of the BuoyTrade Evaluation Programme. This agreement is legally binding. Traders interested in viewing a sample contract can contact BuoyTrade directly.

Availability of Islamic Account Types

Currently, BuoyTrade and its brokerage partners do not offer Islamic account types. This decision aligns with the services and offerings of the firm’s broker partners.

Understanding BuoyTrade’s Platform and Account Specifications

Platform Selection and Change Policy

BuoyTrade operates with a specific trading terminal provided by its broker, and changing the trading platform is not an option. For detailed information about the trading terminal, visit the EightCap MetaTrader 4 page.

Account Specifications and Instrument Details

Traders can access the account specifications directly within the trading platform. To view specific instrument details, use the Market Watch feature (Ctrl+M), right-click on the desired instrument, and select ‘specification’. Understanding the offer and conditions of each instrument is vital for informed trading. The leverage offered is set at 1:20 for the Apex Edition and 1:5 for Buoy Direct, with an increased leverage option of 1:10 for the $1,000 “One Foot In” account to aid traders in scaling efficiently. Leverage adjustments are possible upon request.

Accessing Spreads and Commissions Information

To view current spreads for all offered instruments, traders can download the Trading Terminal software. BuoyTrade boasts low commissions and no mark-ups, offering a competitive edge in the market. For more details and to download the software, visit the EightCap MetaTrader 4 page.

Unique Aspects of BuoyTrade’s Broker Solution

BuoyTrade’s broker solution is distinguished by its direct institutional live market data-feed from the broker’s partner, ensuring no markups and reflecting live market conditions accurately. This setup provides traders with the best market conditions for their trading activities.

Mobile Platform Availability

Mobile trading is fully supported by BuoyTrade. Traders can search for the server using their trading account credentials in the official Trading App. For more information and to download the mobile application, visit the EightCap MetaTrader 4 Mobile Download page.

BuoyTrade Orders and Billing: Understanding Fees and Procedures

Fee Structure and Recurrence

At BuoyTrade, there are no additional or hidden fees, ensuring a transparent fee structure for all traders. Importantly, there are no recurring fees, making the financial commitment clear and straightforward.

Applying for the BuoyTrade Evaluation

To apply for the BuoyTrade Evaluation, potential traders can set up their account parameters and register [here](#). After completing the order form, you will be directed to the payment page, and a confirmation email will be sent following successful payment.

Limit on Active Accounts

BuoyTrade permits each trader to have a maximum of 10 Active Accounts at any given time, equating to a maximum capital allocation of $10,240,000 after scaling. It’s important to avoid registering for more than 10 accounts, as exceeding this limit can lead to suspension of accounts as per the terms and conditions.

Account Processing After Payment

Once payment is received for the BuoyTrade Evaluation/Direct account, processing begins promptly. If payment is made during business hours, the account is usually set up within a few hours. Payments received after business hours or on weekends are processed the next business day. Traders should be aware of the time zone difference due to BuoyTrade’s location in Singapore. Account login credentials are sent via email, so checking your inbox, including spam/junk folders, is advised.

Available Payment Methods

The BuoyTrade Evaluation Programme can be paid for through various methods, including PayPal (which supports Credit/Debit Card, Alipay, WeChat, and other local payment options depending on your location), and BTC. All payments are made in USD.

Rationale Behind the Evaluation Fee

The evaluation fee serves multiple purposes. Primarily, it represents the trader’s commitment and responsibility towards the account. This fee, which is only a fraction of the potential capital in a funded BuoyTrade Account, motivates traders to engage seriously with the platform. Furthermore, the fee covers operational costs and helps filter serious, committed traders from casual applicants. The fee is a key step toward accessing a funded BuoyTrade Account and potential financial independence. BuoyTrade covers any potential losses on the account, ensuring that the fee is the maximum financial risk for the trader.

BuoyTrade’s Applications and Additional Services

Availability of Demo/Trial Accounts

BuoyTrade does not offer Demo/Trial accounts directly. Instead, it provides an evaluation programme with smaller-sized accounts for traders looking to experience trading under BuoyTrade’s conditions. Successful traders in this programme are also eligible for profit-split entitlements. For those seeking a demo account to understand trading basics or test strategies, BuoyTrade recommends using the demo accounts provided by its partnered broker. More information can be found here.

Managing Multiple Trading Accounts

BuoyTrade acknowledges the challenges of managing multiple trading accounts from different firms. To ease this process, they suggest using trade copier services like Social Trading Tools, which allows trades to be copied from a single account. While BuoyTrade is not affiliated with these services, they have been well-received by traders. For more details, visit Social Trade Tools.

Trading According to Real Market Conditions

The term ‘trading according to a real market’ is a key aspect of BuoyTrade’s terms and conditions and contract agreements. This stipulates that all trading must be legitimate and conform to the dynamics of a real market environment, ensuring fair and authentic trading practices.

Why BuoyTrade Stands Out as a Funding Solution

BuoyTrade positions itself as a leading funding solution due to its deep understanding of the trading industry. It prides itself on being the first A-Book Proprietary Firm to demonstrate that its traders’ transactions are executed on major exchanges. This alignment of interests between the firm and its traders promotes a supportive environment, offering freedom, minimal restrictions, and exceptional account conditions to ensure mutual profitability.

Conclusion: Final Thoughts on BuoyTrade for Proprietary Traders

After a thorough review of BuoyTrade’s offerings, it’s clear that this proprietary trading firm stands out as a compelling option for traders seeking to elevate their trading career. With its unique approach to funding, comprehensive platform options, and a trader-centric operational model, BuoyTrade positions itself as a prominent player in the proprietary trading landscape. One of the firm’s key strengths lies in its commitment to providing traders with significant capital, allowing for substantial trading opportunities without the stress of risking personal funds.

The variety of accounts and the flexibility in trading strategies cater to a wide range of trading styles, from beginners to seasoned professionals. The absence of recurring fees and transparent profit-split arrangements further enhance the appeal of BuoyTrade for aspiring and experienced traders alike. The support for multiple trading platforms and the option to use trade copier services demonstrate BuoyTrade’s understanding of traders’ needs for versatility and efficiency. Additionally, the firm’s legal and regulatory adherence instills confidence in its reliability and integrity. However, potential traders should consider the absence of a demo/trial account and the specific leverage restrictions.

While these factors may not suit everyone, they reflect BuoyTrade’s commitment to responsible trading and financial management. In conclusion, BuoyTrade is highly recommended for proprietary traders who value a blend of flexibility, support, and growth potential in their trading journey. Its structured yet adaptable environment makes it an excellent choice for traders aiming to expand their market presence under a reliable and trader-focused proprietary trading firm.