BuoyTrade offers funded accounts with initial balance of $1,000 to $4,000 with no evaluation phases, and profit splits of up to 80%. The prop firm provides access to 60+ instruments with leverage options of up to 1:20.
BuoyTrade (Company Information)
BuoyTrade, founded in 2020, is a proprietary trading firm that provides traders with no-evaluation funded accounts in 11 levels. Based in the bustling financial hub of Singapore, the prop firm has quickly gained traction among traders worldwide. Key features of BuoyTrade:
- Funded accounts ranging from a modest $1,000 to a whopping $1,024,000;
- Up to 80% profit split;
- No-evaluation funding program;
- A partner of Eightcap broker;
- Over 4,000 traders;
- 8,000 transactions.
BuoyTrade Specific Features
The prop firm provides services in 125 countries and works with some of the top liquidity providers around the globe, including JP Morgan, Deutsch Bank, Barclays, and many more. Here are some of the key features you should know about BuoyTrade.
Account currency | USD |
Minimum price | $50 |
Maximum leverage | 1:20 |
Maximum profit split | Up to 80% |
Instruments | Forex, Indices, Commodities |
Assets | 60+ |
Evaluation steps | None |
Withdrawal methods | Wise, PayPal, Bank Wire |
Maximum fund size | $1,024,000 |
First profit target | 5% (no profit split) 10% (profit split) |
Max. daily loss | None |
Challenge time limit | Unlimited |
News trading | Yes |
Maximum total drawdown | 5% |
Trading platforms | MT4, MT5 |
Commission | N/A |
TrustPilot score | 4.1 |
Payout frequency | Bi-Weekly |
Established country | Singapore |
BuoyTrade Pros and Cons
Every trading platform has strengths and weaknesses, and BuoyTrade is no exception. Let's weigh anchor and explore the pros and cons of this prop firm.
Advantages | Disadvantages |
No evaluation phase | Lack of educational resources |
Low entry barrier ($50) | Lack of transparency in regard to fee structure |
Achievable profit target (5%) | Limited leverage options (up to 1:20) |
Strategy freedom | Lower initial profit split (50%) |
Bi-weekly payouts | Relatively new firm (inception in 2020) |
BuoyTrade Funded Accounts and Their Prices
We discuss the pricing in this topic of the BuoyTrade review. The firm offers a unique proprietary trading model that allows traders to access significant capital without risking their own money without long and time-consuming evaluations.
The program comes in 11 different levels with various initial balances. You can freely choose your starting point from the first three levels: “One Foot In”, Level 1, or Level 2. However, note that the pricing differs based on the level you select.
Funded Account | Price |
One Foot In ($1,000) | $50 |
Level 1 ($2,000) | $98 |
Level 2 ($4,000) | $198 |
BuoyTrade Prop Firm Registration and Verification
Embarking on your journey with BuoyTrade is a straightforward process, but it's important to understand each step. Let's navigate through the registration and verification process.
- Visit the firm’s official website at “https://www.buoytrade.com/”;
- Click “Register”;
- Choose the account size;
- Fill in the application form;
- Pay for the plan via PayPal (Credit/Debit Cards) or Crypto (Bitcoin).
- Verify your email address, phone number, identity (Passport or driving license), and place of residence (utility bill or bank statement).
BuoyTrade Funding Plans (Rules and Conditions)
The firm previously offered two different plans called “Standard” and “Apex”, with various leverage options. However, currently, it only offers the Apex plan with leverage set to 1:20. Here are other rules that we must mention in this BuoyTrade review.
Conditions | One Foot In – Level 9 | Level 10 |
Duration | Unlimited | Unlimited |
Min Active Day (per week) | 1 Day | 1 Day |
Total Drawdown | 5% | 5% |
Profit Target to Scale (no profit split) | 5% | - |
Profit Target to Scale (profit split) | 10% | - |
Profit Split | 50% | Up to 80% |
Account Balance | $1,000 - $512,000 | $1,024,000 |
Promotions and Discount Codes on Buoy Trade
The prop firm offers seasonal discount codes and a comprehensive partnership program with non-withdrawable commissions.
- Coupon Code: At the time of writing this BuoyTrade review, a 5% discount is available through the code “LetMeJoin”;
- Affiliate: Refer new clients and receive 5% of the account price in credits.
BuoyTrade Trading Platforms
The firm offers its trading services through the uTrada platform, a Hong Kong-based brokerage company. The broker provides traders access to the industry-standard MetaTrader trading solution.
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
TradingFinder has developed a wide range of MT4 and MT5 indicators that are available for free use.
What Markets Are Available on BuoyTrade Prop Firm?
Buoy Trade provides access to 60+ trading instruments through the global brokerage company “EightCap” with tight spreads from 0.0 pips and execution time of 1ms.
Three asset classes are available, including the Forex market, Commodities, and Indices.
- Forex Market: 40+ Major, minor, and exotic currency pairs;
- Commodities: Trade precious metals (Gold, Silver, Platinum, and Palladium) and energies (UKOIL, WTI, and Natural Gas);
- Indices: 12 of the most popular global indices, including AUS200, NAS100, US30, and US500.
Buoy Trade Payment and Payout Options
The prop firm offers various funding and withdrawal options to cater to traders of all regions with different needs, including:
- Purchase: PayPal (Credit/Debit Cards) and Crypto (BTC);
- Payout: Bank Wire, PayPal, Wise.
Buoy Trade Trading Fees
Utilizing the ECN, STP, and NDD technologies allows the firm to provide services with low charges. The fee structure mainly consists of spreads and commissions. While the firm offers no specific data about the commissions, we provide a list of average spreads for popular instruments in this BuoyTrade review.
Trading Asset | Avg. Spread (Pips) |
Major currencies | From 0.0 |
AUDCAD | 0.7 |
EURGBP | 0.8 |
USDSGD | 0.8 |
XAGUSD | 1.1 |
XTIUSD | 1.6 |
US500 | 0.4 |
BuoyTrade Educational Resources
While the broker focuses more on providing capital and trading opportunities than extensive educational resources, they do offer an economic calendar.
Their approach is geared towards experienced traders who are ready to trade independently. Thus, they don’t provide any particular Forex education.
Buoy Trade Reviews on Rating Websites
The company’s reputation on rating websites is generally positive. The BuoyTrade TrustPilot profile has a great score of 4.1 out of 5. Users praise several aspects of it, such as fast payouts, a comprehensive scaling plan, and good support.
BuoyTrade Customer Support
The prop firm offers 24/5 trading on global markets. However, the support team is accessible 7days a week from 9:00 AM to 9:00 PM (GMT+8) through various channels, including:
support@buoytrade.com | |
Live Chat | Available on the official website |
Ticket | Through the “Contact Us” page |
Buoy Trade’s Social Media Handles
Maintaining an active presence on social media showcases the company’s commitment to its clientele and constant growth. We provide you with a list of the firm’s social media profiles in this BuoyTrade review.
- Telegram
Expert suggestions
BuoyTrade has partnered with top-tier liquidity providers (e.g., JP Morgan, and Barclays) and Eightcap broker to provide funded accounts with tight spreads from 0.0 pips on MT4/MT5 platforms. Bi-weekly payouts and a great score of 4.1 on TrustPilot are two of the advantages in this BuoyTrade review.