Before you decide to accept the Evaluations Or Direct Model, we want to make sure that you know what you are up against.
When you are ready to accept the Evaluation Or Direct, you will receive an email from us. BuoyTrade's evaluation programme are in stages and shall be used to determine your competency as a trader. Once you passed all the stages, you will be given an account where you will be entitled to profit-split.
BuoyTrade's Direct programme is a direct account which does not include any evaluation, you get to straight trade the market without any kind of assessments. BuoyDirect is the star model of our firm.
Please note you can’t receive our funding based on your past performance or any other external track record. Our evaluation process is designed in a way to provide us with sufficient grounds to ascertain your trading skills and allow you to trade our capital.
There will be a [PAY] button on the table
Select the account plan and press the [Pay] button, that brings you to our account terms and conditions page. The payment link comes up after both the Refund and Terms & Conditions boxes are agreed and checked. We will only ask for more information (for due diligence and compliance checks) after you have passed our internal evaluation.
We started operating successfully since 2020 and we have funded local traders in Singapore. We strive to retain our prime spot of being part of the industry leader in funding good traders all over the world. Since trading can be done remotely, we decided to open our door and welcome traders internationally.
We know that reputation is the most valuable aspect of this business. The best way to find out whether a company is legitimate is to simply look for reviews on the internet. You can do your due diligence, some reviews about BuoyTrade can be found on the most respected Trading review sites – Trust Pilot or Forex Factory. Many traders also do YouTube videos or share their success stories with us and these can be found in the dedicated section of our blog. We also have a Legal Entity Identifier (LEI), a global standard to identify legal entities' credibility and trustworthiness, and are registered on the Global LEI database.
BuoyTrade is looking for successful traders around the world. To ascertain if a trader has all the qualities we seek, we developed a evaluation process (Buoy Standard and Buoy PayLater) to distinguish and identify them. Traders who passed the evaluation programme will become BuoyTrade Junior Trader and has the opportunity to trade our company's live account.
BuoyTrade's goal is to break the entry barriers into the online proprietary industry. If you can show us you have the qualities by displaying your trading skills, we are happy to let you trade our capital.
Upon successful completion, traders are offered a placement in the BuoyTrade Proprietary Trading firm, where they can remotely manage up to USD 100,000 and continuously grow the account according to our Scaling Plan (Evaluation). As a BuoyTrade Trader, you are eligible to keep up to 70% of the profits you generate. Our company covers all losses, if any.
We are located in Singapore, an International Financial Centre. Our corporate office is conveniently located in the heart of Singapore's Central Business District, easily accessible by all means.
The address is: 7 Temasek Boulevard #12-07, Suntec Tower One, Singapore. Let us know in advance if you are keen to drop by our office for a visit as we would need to inform our receptionist to make the necessary arrangement. We will be happy to meet you.
You can also contact us by filling out our contact form, sending us an email or using our Live chat– all of these can be found in the contact section.
We accept traders from all around the world who are at least 18 years old. If you know how to trade profitably and with proper risk management, that is all we care about. There is no other qualification required.
Trading is difficult. As a trader, you will face many common problems such as:
- Trading an account that is too small (undercapitalization)
- Fear of losing your own money
- Psychological pressures
- Lack of discipline
- Growth limitations
- Insufficient support from other people
It is difficult to make a living as a trader. With the BuoyTrade Prop Trading firm, you can manage our initial capital of up to $100,000. If you generate profits on the BuoyTrade Account, You will be rewarded with 50% of achieved profits and our funding partner company will keep the other split. However, it needs to be understood that this is the best-case scenario and similarly, traders might face periods when they don’t earn any profits. In general, trading is a risky business.
Another benefit of trading for BuoyTrade is that you won’t be responsible for any losses if any. In case things go wrong, all losses on the BuoyTrade Account are covered by our funding partner. You don’t need to fear losing if you literally have nothing to lose.
At BuoyTrade, we are also traders and we understand that to be a successful trader, it is not just about having enough capital to trade with. The performance of our traders directly reflects the performance of the company. Therefore, it is in our interest that our traders trade under the best conditions. Also, traders at BuoyTrade will receive wide access to our partner's innovative Trading Applications which can enhance their trading edge and we will also evaluate your trading accounts with detailed feedback from our company.
Then there is trading discipline. We will carefully observe your trading results and you will be trading under easy rules. We believe that our rules are not very restrictive but at the same time, they would prevent a disaster if you decided to go on tilt. No more over-trading, revenge trading, over-leveraging etc. That is why you will learn to manage risk much better once you start trading with us.
Another issue traders face is the so-called ‘keep and grow or withdraw and go‘. Do you prefer compounding your account or rather enjoy your hard-earned money? At BuoyTrade, you can do both. BuoyTrade will pay out your 50% profit share on a monthly basis. Periodically, we will allocate more trading capital into your BuoyTrade Account if you display consistently profitability. Get paid and grow at the same time according to our Scaling Plan.
Last but not least, the initial fee that you paid will be refunded to you with the first profit withdrawal from the BuoyTrade Account (Standard Model only).
In order to become the BuoyTrade Trader, you will have to pass either our 3-steps evaluation process.
Step 1: BuoyTrade Evaluation
A 45 calendar days demo account with a profit target of 8% of the initial capital.
Step 2: BuoyTrade Challenge
A 45 calendar days demo account where you continue to show your trading ability and consistency.
Step 3: BuoyTrade Verification
A 60 calendar days demo account where you verify your performance and consistency one last time. The rules in the Verification stage are significantly easier.
For the detailed explanation of the rules, please visit the Trading Objectives.
Please note we don’t fund any trader based on their past track record. BuoyTrade allows a maximum capital allocation of USD100,000 per trade or per strategy, at any given time, for the purpose of risk diversification.
The minimum requirement to pass the BuoyTrade evaluation programme is to trade for at least 10 trading days at each stage (doesn’t need to be consecutive).
You don’t need to wait for the entire duration of the evaluation process. All in all, you can become funded as soon as in 30 trading days under Buoy Standard or Buoy PayLater programme.
After you have passed all the Trading Objectives in the BuoyTrade Verification, you will get an email from us containing all the paperwork needed to get you started to be a BuoyTrade Junior Trader, and you don’t need to trade the verification account any more once your Trading Objectives are met. We will be automatically alerted that you have passed your BuoyTrade Verification and we will proceed to evaluate your trading results accordingly.
After approximately 1-2 business days, we will then send you the new account login credentials.
If you happen to violate any of the Trading Objectives, that particular account will be automatically invalidated and loses the eligibility to be funded by BuoyTrade. You can always try again from scratch and order a brand new BuoyTrade Evaluation if you wish to become our BuoyTrade Trader. Please note we don’t provide any discounts for repetitions. If you violate the Trading Objectives, your initial fee paid for the BuoyTrade Evaluation is forfeited so be sure to stay safe and respect the rules.
There is, however, one exception. If you manage NOT to violate any of the Trading Objectives and your final account profit being positive at the end of the trading duration, with all positions being closed, you will be entitled to a repeat free of charge. We know that sometimes the market conditions are not in the trader’s favour and we appreciate your good trading and ability to manage risk properly.
Note that we allow free repetitions if you're positive and did not violate any rules. You can send an email to firstname.lastname@example.org (within 30 days from the end of the trading period) to request for a new BuoyTrade Evaluation/Challenge free or charge.
You will trade with the same account balance that you selected when beginning the BuoyTrade Evaluation. If you traded with $50,000 in the BuoyTrade Evaluation, you would also manage $50,000 in the BuoyTrade Account.
To avoid any confusion (for those who joined before 15 May 2021), please note that all BuoyTrade accounts provided are demo accounts with virtual funds. After becoming the BuoyTrade Trader, you are provided with login credentials to a demo account, with a difference that this BuoyTrade Account is connected to our Funding Partner Firm’s live trading account with real capital. That is where we generate real profits. Traders are entitled to 50% of profits generated on the BuoyTrade Account. This solution is much administratively easier and gives us more freedom to actively manage risk.
For those under Buoy Standard and PayLater Evaluation Programmes, you will be given a live account under BuoyTrade's name after passing the 3-steps evaluations. Junior Traders (at the Funded Stage) will be entitled to 50% of the profits generated on the BuoyTrade Account while the BuoyTrade Trader (at the Verified stage) will be entitled to 70% of the profits generated on the BuoyTrade Account.
If you wish to trade with a higher account balance, you can simply apply for another BuoyTrade Evaluation and trade more accounts. Each BuoyTrade Evaluation needs to be traded from the beginning, irrespective of the progress on your other accounts. As we need to diversify our risk and funds exposure, we allow a maximum capital allocation of $100,000 per trader or per strategy, at any given time. This can be understood as 2 accounts – each with $50K, or 4 accounts – each with $25K, etc. Please be careful not to get multiple accounts through various registrations. If we discover the identically traded strategies throughout various accounts and exceeding $100,000 in the allocated capital value, we reserve the right to suspend those accounts as per the T&Cs.
On the other hand, if you are consistently profitable on the BuoyTrade Account, we will be happy to allocate additional capital as per our scaling plan.
There will be no discount in repeat attempt.
We know that sometimes the market conditions are not in the trader’s favour and we appreciate your good trading and ability to manage risk properly. Hence, as long as you do not violate the trading objectives and end the account with a positive balance and equity at the end of the trading period, you will be entitled to a free repetition.
Yes. News trading is allowed for those under Buoy Direct, Buoy Standard and Buoy PayLater Evaluation Programmes. News trading is allowed throughout all the stages (Evaluation, Challenge, Verification, Funded Stage and the Verified Stage). In other words, as long as you joined us after 1 June 2021, news trading is allowed.
For those joined before 15 May 2021, only during the evaluation, challenge and verification stages, you are allowed to hold trades during news releases. However, you cannot scalp the news or use a straddling method (catching news spikes using stop orders).
It may seem those significant price movements on macroeconomic reports have great potential for profit, but it is very important to emphasize that trading on DEMO accounts does not respect real market liquidity. The whole straddling situation usually looks like this:
Before the macroeconomic report, the trader places limit/stop orders for buying and/or selling. The trader doesn’t care whether the report release is positive or negative. The trader on a demo account gets filled exactly on the specified limit or stop order price, whereas, in the real market environment and on the live accounts, this is not possible due to a surge in volatility and reduced liquidity. Moreover, slippages and the copying latency needs to be taken into account in the fast-moving market reactions. An example would be the trader entered a sell stop order to sell and received a totally unrealistic fill. Therefore, such positions would be removed from your trading account, regardless of whether you trade in the BuoyTrade Evaluation, Challenge, Verification or the BuoyTrade Account.
At the bottom of the Rules page, there is a trade restriction table for our BuoyTrade Traders with specific types of reports and instruments. Only our BuoyTrade Traders are not allowed to execute any new trade or close an existing trade on the targeted instrument (as per the table) in the window of 2 minutes before till 2 minutes after the release of the below news announcements. To clarify, we define executing a trade as opening or closing either a pending order (including stop loss or a take profit) or market execution. You are allowed to hold your trade(s) on the targeted instrument(s) that were opened more than 2 minutes before the restricted news event. But be reminded if your stop loss or take profit is activated/filled during the restricted time window of 2 minutes before till 2 minutes after, it may be taken as a violation of the BuoyTrade Account Agreement.
The other non-targeted instruments can be traded normally. E.g. You can trade EURGBP or AUDNZD during the NFP release. However, you should not open or close USDJPY or GBPUSD in the window of 2 minutes before to 2 minutes after the NFP release.
The news releases schedule can also be monitored at our Economic Calendar or be updated under the "News" section in our Discord channel.
Please note again, these restrictions on trading during the restricted news events do not apply to BuoyTrade Evaluation/Verification accounts.
No. For those under Buoy Direct, Buoy Standard and PayLater (3-stages) Evaluation Programme, you do not need to close your positions over-the-weekend. During these stages (BuoyTrade Evaluation, Challenge, Verification, Funded and Verified Stage), you don’t need to. In other words, as long as you have joined us after 1 June 2021, you can keep your positions open overnight and over-the-weekend as well.
To find the tradeable hours of every individual instrument, you can refer to your MetaTrader platform. When you open the Market Watch (Ctrl+M), right-click on the instrument of your interest, and choose ‘Specification’. In the dialogue window, scroll down and you can see the ‘Trade’ hours of the subject instrument.
If you trade cryptocurrencies, some can be traded during specific hours of the weekends as well.
For those that joined before 15 May 2021and are under BuoyTrade's discontinued scheme: traders that have passed all 3 Stages of the BuoyTrade Challenge and have become a funded trader, you are required to close your positions just before the markets closed for the weekend or if the rollover (market break) is longer than 2 hours. In other words, to be flat on Friday night CE(S)T - Central European (Summer) Time. For those still undergoing the 3-Stages BuoyTrade Evaluation, you can keep your positions open overnight and over-the-weekend.
When you are our BuoyTrade Trader, we already know you and we trust your trading skills and abilities to manage risk properly. That’s why we need to give you the most convenient trading conditions you can imagine. To ensure you are not stressed by chasing any targets, we have completely removed the Profit Target requirement to give you the freedom to trade with a peace of mind. We only require you to respect the drawdown rules (Maximum Daily Loss and Maximum Loss), which are the most important rules we care about.
The BuoyTrade Account is a live account (for Buoy Standard and PayLater funded traders) and is connected to our Corporate live trading account with real capital. As your trades can be executed in the live markets now, you need to be cautious when trading around some major news releases.
Step 1 and 2 -
Our BuoyTrade Evaluation is the first step and Challenge is the second step of our 3-steps evaluation process. Before we allow you to manage our company's capital, we need to be sure you can trade responsibly and manage risk properly. BuoyTrade Evaluation stage has reasonable rules, where the profit target is in balance with the drawdown we allow you to take. We call these rules Trading Objectives.
Note that you don’t need to utilize the entire duration of 45 days. As soon as all the Trading Objectives of the BuoyTrade Evaluation are met, you will receive a new account credential via email to start trading in the Challenge phase. The minimum time to complete the BuoyTrade Evaluation is 10 trading days.
Step 3 -
The Verification stage is the final step of our evaluation process. The purpose of the Verification stage is to test your trading consistency. We need to be sure that you can trade your system or strategy profitably in the long-run while respecting the rules. The Verification stage has much easier Trading Objectives compared to the BuoyTrade Evaluation and Challenge. In the Verification, the Profit Target is reduced to 5% of intial capital and you have full 60 calendar days to score here and shine like a star.
Note that just as in the BuoyTrade Evaluation, you don’t need to utilize the entire duration of 60 days. As soon as you succeed in all Trading Objectives, we’ll be happy to welcome you among our funded BuoyTrade Traders. No need to wait any longer!
Your trading style is completely up to you. We have no reasons for limiting or restricting your trading strategy, whether it’s discretionary trading, hedging, algorithmic trading, EAs, etc. As long as your trading is legitimate, conforms to the real market conditions and we can replicate your trades in our live corporate accounts, there is no limitation to your trading style or strategy. We don’t even impose any limits on instruments or position sizes you trade. You can trade all the instruments and assets that are available in your trading platform (Forex, Indices, Commodities, Stocks, Crypto,…). We give you complete freedom here. If your system is profitable while respecting the rules, we’re happy to see you profit with us.
You will need to deal with taxes on your own, according to your country’s law and tax regulations.
The BuoyTrade Trader will have the same amount of capital as in the BuoyTrade Evaluation, Challenge and Verification. The maximum capital allocation per trader or per strategy is USD100,000, at any given time.
The BuoyTrade Account is connected to our Proprietary Trading Firm’s live trading account with real capital. That is where we generate real profits. As a Junior Trader, you are entitled to 50% of profits generated on the BuoyTrade Junior Trader Account. This solution is much administratively easier and gives our company the freedom to actively manage risk in certain markets.
We do not have upgrading options so you need to choose the appropriate account size right at the beginning when you are configuring your BuoyTrade Evaluation programme.
If you are successful and stable in the long run, the capital can be increased according to our Scaling Plan.
The account profit split is done on a bi-weekly basis. The payouts are processed within 1-2 business days upon receiving the Invoice. You may contact our Finance department if you have queries about the invoicing process. You can receive your profits by a regular bank wire transfer, through a payment service provider (PayPal).
If you prefer to keep your Profit Split in the account to grow it and also to build up your balance and drawdown buffer, you can do so. However, please note that we will always withdraw our share of the Profit Split.
Profit split is done on a bi-weekly basis and we will process your payouts within 1-2 business days upon receiving your invoice. For information on the invoicing and payout process, you can email email@example.com for more information. Withdrawals of the profit splits are free if they are USD30 and above. Otherwise an administration fee of USD12 shall apply. All payout requests are processed Monday to Friday during our normal business hours. All requests received outside of these hours and on Singapore Public Holidays will be processed on the next Business Day.
BuoyTrade cannot guarantee same day receipt of your profit split, as processing times are subject to the receiving bank processes, outside our control (International Transfers may take between 2 to 5 days).
The corresponding account we make payment to must be in the same name as your BuoyTrade Contract Agreement (third-party remittances are not permitted in accordance with Anti-Money Laundering / Counter-Terrorism Financing Law). We may also require additional information to prove that a beneficiary account is under your name.
For International bank wire, please note:
You should also be aware that you may incur fees from some international banking institutions. BuoyTrade accepts no responsibility for any of such bank fees or transaction fees. Please check with your bank if you are unsure.
The relationship between a trader and our Proprietary Firm is based on the Contract Agreement that we will send you for signing after you have completed and passed the BuoyTrade Evaluation Programme. The BuoyTrade Account Agreement is a legally binding document. If you are interested in a sample of the contract, please contact us at firstname.lastname@example.org or use this form in our contact page.
When you receive a BuoyTrade Funded Junior Trader Account after completing all evaluations. you will initially start off at 50% Profit Share.
To upgrade to a 70% profit share, you will need to hit the profit target in your Junior Trader tier.
Read more on how to scale your account.
Yes (for those joined before 15 May 2021), if you are not satisfied with the current trading platform of your choice, you may request a platform change after you finish each stage of the evaluation process. Hence, you may request a platform change after the BuoyTrade Challenge or the Verification or after each payout cycle on the BuoyTrade Account.
Change of platform is not possible during the progress of your trading.
Please note for those joining after 31 May 2021, you would have to use the platform and there would be no change allowed.
We are currently using GlobalPrime as our broker exclusively.
The account specification can be seen directly in the trading platform. To view the instrument specification in MetaTrader, open your Market Watch (Ctrl+M), right-click on the concerned instrument and choose ‘specification’.
Please familiarize yourself with the offer and conditions of each instrument you trade.
The leverage we offer is firmly set to 1:20 for (Buoy Standard and PayLater) and cannot be increased. The leverage can be lowered upon request.
The leverage we offer for Buoy Direct is officially at 1:5, but to help trader cope and scale faster we have increased the leverage for the $1,000 "One Foot In" to Leverage 1:10
A-Book is when our brokers send your orders directly to the exchange. We as the firm or partnering broker are not your counter-party in your trades.
For many traders, this is what matters the most – to be able to trade with our broker that does not have a conflict of interest when processing your orders.
Difference with B-Book Brokers,
The primary concern is that these brokers could potentially take advantage of your trading history and pattern and thus make a profit off you.
You can download our MetaTrader software where you can see the current spreads for all offered instruments. We have very low commissions and no mark-up, making this the unparalleled advantage around.
BuoyTrade's broker has 100% institutional live market data-feed directly from our liquidity providers, and with Direct Market Access (DMA). We don’t have any markups at all, you get the best market conditions perfectly reflecting live market conditions.
Yes, you can! Just search for Server when we send you your trading account credentials in the official MetaTrader mobile app by MetaQuotes.
For those that joined before 15 May 2021: You can trade your Buoytrade Evaluation, Challenge/Verification and BuoyTrade Account on the most popular retail platform – MetaTrader 4, MetaTrader 5 or cTrader.
note: BuoyTrade Evaluation and Buoy Direct is strictly only on MetaTrader 4
For those who has joined after 15 May 2021: Buoy Evaluation Process is strictly only on MetaTrader 4.
No, we don’t charge any additional or hidden fees. There are absolutely no recurring fees with us. Moreover, your fee will be reimbursed to you with the first profit withdrawal from the BuoyTrade Account.
You may apply for the BuoyTrade Evaluation by configuring your account parameters here: www.buoytrade.com. After you submit the order form, you will be redirected to the payment page and an order confirmation email will be sent to you upon successful payment.
We allow a maximum of 2 x $50,000 BuoyTrade Accounts per trader or per strategy, at any given time. In other words, the maximum allocation per trader or strategy is $100,000 (before possible scaling). The accounts can be spreaded out as 2 accounts with $50k, or 4 accounts with $25k, etc. This is due to a risk diversification as we don’t want to allocate a big portion of our investment on one card.
Please be careful not to get multiple accounts through various registrations. If we discover the identically traded strategies throughout various accounts and exceeding $100,000 in the allocated capital value, we reserve the right to suspend those accounts as per the T&Cs.
If you would like to combine your successfully passed evaluation accounts into one master BuoyTrade Account, we can do so upon request. The combined accounts need to be at an initial capital to be merged.
We start processing your BuoyTrade Evaluation / Direct account as soon as we receive the payment. If we receive your payment during our business hours, we will process your Evaluation / Direct Account within just a few hours. If we receive your payment after our business hours, at night or weekend, we process your BuoyTrade Evaluation account the following morning when our office opens or on Monday – in case you have made payment during the weekend. Please take note of time zone difference as we are located in Singapore.
You will receive your BuoyTrade Evaluation / Direct login credentials by email, so please monitor your mailbox, including the spam/junk folders.
You can pay for the BuoyTrade Evaluation Programme via PayPal (Credit/Debit Card, Alipay, WeChat, and many more local payment method depending on where you live), BTC & Bank Transfer/Wire (only for Singapore residents).
All Payments will be paid in USD.
The fee mainly serves as a trader’s commitment to treat the account with the utmost care and responsibility. A trader has something in the game and the psychology is working. Also, the fee is just a marginal percentage compared to the size of the BuoyTrade Account that you will receive after succeeding in the our evaluation process. In other words, the fee is a key towards the funded BuoyTrade Account and to gain financial independence. The good news is that you cannot lose more than this fee as any potential losses on the BuoyTrade Account are covered by us. On top of that, the fee is always refunded back to the trader with his/her first Profit Split from the BuoyTrade Account (Standard Model only).
The fee also covers the use of our unique applications, such as the Account MetriX and Trading journal.
Another purpose of the fee is to filter out only the serious traders from those who just keep on trying. We are looking for traders who are experienced and profitable. Our capacities and resources are limited, and we simply can’t cater for all the traders out there. That’s why we take on board only those who are serious, committed and responsible. Our funding programme is a highly valued service we offer, and therefore it is adequately priced.
Sure we do! All of us at BuoyTrade are traders too and we know the needs of our clients based on our own experiences. We constantly develop new features, tools, applications and education content for our traders. Following are some of the highlights that make us proud of what we do:
- Trading journal – Archiving trading results is not one of the favourite activities of most traders, but it is a piece of cake with our Trading Journal.
- Account MetriX – The Account MetriX is an innovative and unique web application where you can monitor your progress towards becoming the BuoyTrade Trader.
We do not provide any Demo/Trial account. However, we do have evaluation programme with a smaller sized account to traders who wish to experience trading under BuoyTrade and there will also be profit-split entitlement after the traders passed the evaluation programme.
If the purpose of you getting a demo account is to understand how trading works or test your strategy, you may alternatively head to our partnered Broker's website to register for a demo account. www.globalprime.com
Certainly. We know very well that trading different accounts can be a major obstacle for many traders. We too have experienced the hassle of switching accounts everyday. It is said that 80% of success in trading is devoted to a proper state of mind, controlled emotions and psychological stability. That’s why we have used such trade copier service like Social Trading Tools to copy trades from a single account. We are not affiliated by them, but we do love their service.
Click here to find out more
This term is included in our T&Cs as well as in the BuoyTrade Contract Agreement. Trading must be legitimate and traders must not use practices that contradict the functioning of a real market.
BuoyTrade knows the turf and the trading industry very well. We're the first A-Book Proprietary Firm in the industry to show our traders that their trades are being traded on the major exchanges.
Simply said, if our traders are profitable, so are we. It makes a logical sense to support our traders by providing them with the freedom to trade without any restrictions or limitations and to offer them the best account conditions that nobody else does.