Trading Rules

BuoyTrade Evaluation Programme Overview

The objective of BuoyTrade evaluation programme is to find trading talents and assess if you can adhere to our rules for trading our live capital. The rules are simple and straight forward, and by meeting the Trading Objectives, you prove that you are a disciplined and experienced trader.

The available Evaluation Programmes are:
- Buoy Standard : 3-Steps evaluation process with a one-time fee
- Buoy PayLater: 3-Steps evaluation process where you make the remaining payment only if you pass stage one.

Trading Period

Buoy Standard and PayLater Evaluation and Challenge duration is 45 calendar days each while the Verification is 60 calendar days.

If you manage to pass the Trading Objectives sooner, you do not need to wait for the remaining duration of days to end in order to proceed. For example, if you pass all the Trading Objectives of the BuoyTrade Evaluation in just 11 days, no need to wait another 34 days. We will advance you to the next stage as soon as possible.

Note that those under the discontinued programme (those joined before 15 May 2021): Evaluation duration is 45 calendar days, Challenge is 30 calendar days and Verification is 60 calendar days.

Minimum Trading Days

To meet this objective, you must trade for at least 10 days during the current duration cycle. At least one position must be opened on each of these days. A trading day is defined as a day when at least one trade is executed.

If a trade is held over multiple days, only the day when the trade was executed is considered to be the trading day.

Maximum Daily Loss

This rule can also be called “trader’s daily stop-loss”. According to our rules, this is set as 5% from the initial account balance. The rule says that at any moment of the day (Server Time), the result of all closed positions in sum with the currently open floating P/Ls (profits/losses) must not hit the determined daily loss limit. The counting formula:

Current daily loss = results of closed positions of this day + result of open positions.

For example, in the case of the BuoyTrade Evaluation with the initial account balance of $10,000, the Max Daily Loss limit is $500. If you happen to lose $100 in your closed trades, your account must not continue to decline more than $400 this day. It must also not go more than $400 in your open floating losses. The limit is inclusive of commissions and swaps. Vice versa, if you profit $200 in one day, then you can afford to lose $700 in that same day, but not more than that.

Your previous day profit doesn’t count on a new day as it is reset daily back to $500.

The size of the Maximum Daily Loss gives trader enough space for trading and it guarantees a clearly defined daily risk to the investor. Both the trader and investor benefit from this rule as the account value will not drop below the limit. That’s also why Maximum Daily Loss limit includes your possible floating losses.

Maximum Loss

This rule can also be called “account stop-loss”. The equity of the trading account must not, at any moment during the account duration, decline below 90% of the initial account balance.

For the BuoyTrade Evaluation with a balance of $10,000, it means that the account lowest possible equity can be $9,000. Again, this is a sum of both closed and open positions (account equity, not balance). The logic of the calculation is the same as with the Maximum Daily Loss; the only difference is that it’s not limited to one day but the entire duration of the testing period. The limit is inclusive of commissions and swaps.

10% of the initial account balance gives trader enough space to prove that his/her account is suitable for the investment. It is a buffer that should keep the trader in the game even if there were some initial losses. The investor has an assurance that the trader’s account cannot decline below 90% of its value under any circumstance.

Profit Target

The Profit target of the Standard and PayLater Evaluation (Stage 1) is set as 8% of the initial balance, 10% in the Challenge (Stage 2) and 5% in the Verification (Stage 3).

Profit target means that a trader reaches a profit in the sum of closed positions on the assigned trading account anytime within 45 calendar days in the BuoyTrade Evaluation and/or Challenge or anytime within 60 calendar days in the Verification. Also, at the end of the trading period, all positions must be closed.

For example: If you trade the Standard Challenge with $10,000 account balance, your profit target is $800 in the Evaluation, $1,000 in the Challenge and subsequently $500 in the Verification.

For Funded Stage (Junior Trader)
You will still enjoy the profits you made during this stage. You may withdraw the profits on a bi-weekly basis.
The 20% Target is an accumulated profit for Junior Trader to advance to become the Verified BuoyTrade Trader.

If you made 10% during the 1st Month, you will be allowed to withdraw your profit split. Our system will still recognize that you have an accumulated profit of 10%. You will just need to make 10% more to be upgraded to the Verified Stage.

Note that you will be eligible for a new free repeat every time you meet all the Trading Objectives and your final account being positive (with all positions closed) at the end of the trading duration.

If you are unable to pass Stage 1 (Evaluation), the free repeat entitled to you will be at the same stage. If you are unable to clear the Challenge and/or Verification, the free repeat will be at the Stage 2 (Challenge).

Refundable Fee

The fee is reimbursed to you with the first profit split when you become the BuoyTrade Junior Trader.

What Kind Of Trading Strategies Are Approved?

Your trading style is entirely up to you; we don’t set any limits on instruments or position size you trade.

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.

Do I need to close my positions overnight?

No. We allow overnight positions and weekend positions.

Can I Trade The News?

For the Buoy Standard and PayLater Evaluation Programme:

Yes you may trade the news.

For the co-funding programme (ended on 15th May 2021):

In the BuoyTrade Evaluation and Verification (Stage 1 and 2), you can hold trades during news releases. However, you cannot scalp the news or use a straddling method (catching news spikes using stop orders).

Following is the 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 (as per the table) instrument 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 our Funding Partner's 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.

Click here to see the economic calendar.