BuoyTrade

BuoyTrade is a proprietary trading firm founded in February 2021. They are headquartered in Singapore and offer their traders the opportunity to work with capital balances of up to $1,024,000, earning 50% profit splits. They are partnered with Eightcap, an Australian broker, to provide access to the institutional A-Book model.

BuoyTrade offers its traders two different account options to choose from: Apex edition and Standard edition funding program accounts. The Apex edition offers traders the opportunity to work with capital up to $1,024,000 in balance and earn 50% profit splits. The Standard edition offers traders the opportunity to work with capital up to $256,000 in balance and earn 30% profit splits. Both account options are partnered with Eightcap, a broker located in Australia.

BuoyTrade is a unique proprietary trading firm offering two direct funding programs, Apex edition and Standard edition. Unlike other industry-leading firms, BuoyTrade has no maximum daily loss rule and no maximum trading period requirements. This allows traders to have almost no restrictions on their trading style, including the ability to trade during news, hold trades overnight, and during the weekends.

The BuoyTrade Apex edition funding program offers a direct funding account with a profit target of 5% for scaling. However, traders can receive a profit split if they reach a profit target of 10%. The two main rules to follow are the 5% maximum loss and one minimum trading day per week. There are no maximum daily loss and maximum trading period rules. This account allows traders to use leverage of up to 1:10.

The BuoyTrade Standard edition funding program also offers a direct funding account with a profit target of 5% for scaling. Again, traders can receive a profit split if they reach a profit target of 10%. The two main rules to follow are the 5% maximum loss and one minimum trading day per week. There are no maximum daily loss and maximum trading period rules. This account allows traders to use leverage of up to 1:20.

In conclusion, BuoyTrade is a unique proprietary trading firm offering two direct funding programs that allow traders to trade without maximum daily loss and maximum trading period rules. This allows traders to have almost no restrictions on their trading style and the ability to trade during news, hold trades overnight, and during the weekends.

BuoyTrade was founded in February 2021. They offer bi-weekly payouts to their clients. Direct accounts have the option of either a profit target of 5% without profit splits or a profit target of 10% with profit splits. Funded verified trader accounts do not have a minimum profit target.

BuoyTrade has partnered with Eightcap, an ASIC-regulated broker based in Melbourne, Australia. Founded in 2009, Eightcap has a mission to provide exceptional financial services to its clients. The company has five offices around the world and regulations in multiple locations, enabling clients worldwide to trade in a variety of markets, including forex, indices, commodities, and shares. Eightcap has an average risk level, with a Trust Score of 73 out of 99. The broker offers forex and CFD trading, as well as cryptocurrency and social trading/copy-trading. It has a total of 326 tradeable symbols and 45 forex pairs. Eightcap offers two account types: Raw and Standard. The commissions and fees will vary depending on the account type chosen. Standard accounts have built-in spreads, while Raw accounts have built-in commissions. An overnight fee, which is an interest charge for holding an open position overnight, is another fee to consider. Eightcap is a MetaTrader-only broker and offers MetaTrader 4 and MetaTrader 5 platforms from MetaQuotes Software Corporation. The company has been recognized for its personalized trading experience and efficient technology infrastructure, winning the Best Global Forex MT4 Broker 2020 at the Global Forex Awards.

If you have questions, you may be able to find answers on BuoyTrade's FAQ page. If you need further assistance, their support team is available through their social media accounts or by email at support@buoytrade.com. Their business hours are Monday-Friday from 8:30 AM to 5:30 PM (local time GMT+8). Additionally, their live chat support team is available during the following times: local time (GMT+8): 8:00 AM-9:00 PM, New York (EST): 8:00 PM-9:00 AM, Central Europe Summer Time (CEST): 2:00 AM-3:00 PM. You can also visit their Discord channel, which has a Support channel for any support or technical issues you may encounter.

In conclusion, BuoyTrade is a legitimate proprietary trading firm that offers two different direct funding programs: Apex and Standard edition. The Apex edition program allows traders to skip the evaluation period and start trading a funded account with the potential to earn bi-weekly profit splits. This program has a 5% maximum loss rule and requires at least one day of trading per week, with leverage of up to 1:10. Apex edition accounts also offer the opportunity to earn 50% profit splits and to scale accounts. The Standard edition program has the same benefits and requirements, but allows for leverage of up to 1:20. Overall, BuoyTrade is a good option for traders looking for a prop firm with direct funding programs and clear rules. They are a newer firm, but have attractive conditions and two different programs that cater to a wide range of traders.