Before you decide to accept the Buoy Direct Model, we want to make sure that you know what you are up against.
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. Buoy Direct 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. So there are no skipping in levels because you have a stellar record, we will need you to prove it to us.
Simply by pressing the [Register] button
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 scaling process to distinguish and identify them.
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 10 accounts of USD 1,024,000 and continuously grow the account according to our Scaling Plan (Buoy Direct). As a BuoyTrade Trader, you are eligible to keep up to 50% 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 $16,000. 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.
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 very relaxed. No more restrictive rules such as daily drawdown, mandatory stop loss, max trading position size. That is why you will really stand a chance 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.
Yes. News trading is allowed for those under Buoy Direct.
The news releases schedule can also be monitored at our Economic Calendar
No. We allow positions to be held over the weekend.
If you trade cryptocurrencies, some can be traded during specific hours of the weekends as well.
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 in a profit.
You will need to deal with taxes on your own, according to your country’s law and tax regulations.
The maximum capital allocation per trader or per strategy is USD10,240,000, at any given time.
That is the maximum of 10 Accounts x $1,024,000.
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, or Wise.
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.
Unfortunately, our broker doesn't have islamic account so our proprietary firm does not have any islamic account available.
Changing of platform is not allowed. We are only using MetaTrader 4 as our trading terminal provided by our brokers.
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 (Apex Edition) and 1:1 for (Crypto Edition) 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.
No, we don’t charge any additional or hidden fees. There are absolutely no recurring fees with us.
You may apply for the BuoyTrade Evaluation by configuring your account parameters here: [Register]. 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 10 Active BuoyTrade Accounts per trader, at any given time. In other words, the maximum allocation per trader or strategy is $10,240,000 (after scaling).
Please be careful not to get more than 10 accounts through various registrations. If we discover the identically person information throughout various accounts and exceeding 10 Active Accounts, we reserve the right to suspend those accounts as per the T&Cs.
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 Direct Account within just a few hours. If we receive your payment after our business hours, at night or weekend, we process your registration 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 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
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.
The fee also covers the Operational Cost of administrative and paying vendors for keeping the whole firm running.
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.
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 traders 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.