BuoyTrade - Leading A-Book Firm

Greetings Traders!

BuoyTrade is the first leading A-Book Proprietary Firm in the industry headquartered in Singapore. We exist because we advocate transparency and aspire to find trading talents.


Introduction
My name is Daniel, Chief of BuoyTrade. We're here to present you a transparent model to help new or experienced traders to achieving to their dream career.
We have started as a humble traditional proprietary group since early 2019, Now present in the online world as "BuoyTrade" since February 2021.


The Buoy Team
Our team bring together decades of experience at leading multinational corporations and finance industry. Our diverse expertise and experience in Finance, Accounts, Trading Desk, Public Relations, Account Management and Traditional Proprietary Trading environment have helped prepared us to better serve traders.



What is the model exactly?
Transparency is essential for a successful and long-term partnership. This is the exact reason why we developed this model; we want transparency in trading. We offer our Direct Funding Model (Buoy Direct), where traders are given our Live Accounts by the firm.

Traders can expect to grow up to $1,024,000 per account through consistency trading, the best part? You may have a total of 10 active accounts with us.

Why 10 Accounts? The reason is because we want to make this a potential life-changing model for traders who is contemplating of trading for a living. This might be the chance to reinvent your career in the time of Coronavirus.

With 10 Accounts, traders can perform risk diversification and spread the risks in 10 accounts. Even if an account gets violated, you can still ‘recover’ that account back at half of the violated account levels if you wish to. You won’t need to lose that whole account completely and start all over from beginning again.

For more information about the model, please visit our website, BuoyTrade (BuoyTrade.com)



What is A-Book and How are we one?
We're the first proprietary firm to showcase that we're an A-Book firm, where we deposit our capital into trading accounts and traders will take control over our account to trade.

Forex is different from equities or futures trading because your broker/firm can choose to trade against you. This is known as B booking. When your broker/firm sends all your trades to the real market or their liquidity providers, this is known as A Booking.


How do we prove that we're A-Book? With each trades that are traded on our account, We will receive a Trade Receipt from our broker (Global Prime). This shows that your trades can be routed to one of the 26+ Top Tier Liquidity Provider (banks such as JP Morgan, Deutsche Bank, Barclays, HSBC, etc) You may request for trade receipts if you like, We are making this automatic in our trader's portal after it's deployment, So the trade receipts will directly be sent into your Trader's Portal.

Trade receipts are our unique selling point, We want our Traders to feel like Real Traders. Trading is the hardest profession in the world and this is strong enough reason to make sure that your trade ought to be treated with utmost importance and respect. Your trades should be sent to the banks where it rightfully belong, not within a company and never should it be B-Booked.





What are the rules of your model?
We like you to trade our account as if you own the account. Hence, it is set like almost no rule at all.

The only rule we have are
- 1 Active Day per week and 5% Max Drawdown. That's it.

You may copy from a signal provider, use commercial EAs, we do allow that! The main point for being in the trading industry: Make Money.
We have no reason to take away the rights to trade our account from you other than the current rules of inactiveness (dormancy) and max loss. Sounds reasonable?



What platform do we provide?
We only provide Metatrader 4 at this point of time.



What Can I trade?
Forex, Metals and Indices



What is the future like for BuoyTrade?
BuoyCoins and BuoyReward

Traders can trade and collect BuoyCoins, and redeem them through BuoyReward.
BuoyReward is a reward programme that gives traders the benefits to redeem items and prizes using BuoyCoins.

BuoyCoins are the points used for exchanging items or prizes such as Apple products (iPhone, iPad, watch etc.), Gift cards (PlayStation, Apple Store or Google Play Store), Trader Desk, Monitors and Mounts etc. just to name a few. These items will be shipped over to you!
How do you get BuoyCoins? Through trading of course, you'll be rewarded with BuoyCoins when you open and close a position.

That's the summary of it. More details will be released further down the road. It'll be real soon, we promise!



Visit us at our website, BuoyTrade.com or our Telegram Official Group: BuoyTrade Official

I love the simplicity of the model and have joined the program. Hope you guys will be successful in the prop firms industry !

Hello,

For the direct model, level 1 with capital $2000,

is the maximum loss:

$100 (5% of $2000)
or
$150 (+$50 profit at previous level) ? for the no withdrawal option

Thanks

It will be $100 (5% of $2,000)

The leverage we offer for Buoy Direct is officially at 1:5,

Sorry to be blunt. But. 1:5 is a complete farce. Looked good til I saw that.

Phakamisa from South Africa

Scaled his account in 5 days with a leverage of 10, in our $1,000 account!
All the trader had to do was make 5% or 10% and the account doubles each time!

Short Interview with Phakamisa and BuoyTrade about his Swing Trading style

#1: What would you like to tell traders to do, to accomplish the same trading result?
Answer: Patience and discipline play very important role to achieve good results.

#2: Do you have a trading plan in place, and do you follow it strictly?
Answer: Whenever you are trade you trade using your trading plan or journal.

#3: What do you think is the most important characteristic/attribute to become a profitable trader?
Answer: Don't forget risk management and never overtrade.

Hello, I ask you to consider the possibility of a fixed leverage of 1:10 on Direct accounts without changing the rest of the parameters. It will be very difficult for me (and not only me), who is accustomed to trade with a leverage of at least 100, to repeatedly achieve the goal of 5% with such a small leverage of 1: 5, I'm not saying that this is impossible, it will just take much more time, and time it is the most valuable resource.

@LoveScalping

If we could increase the leverage, we would. But credit funding is a major problem for us, we're fighting inflation vs trader's gain here.

Honestly, we would like to increase the leverage, but we can't.

The current leverage we have right now. It's possible and proven to see traders actually hitting the target even faster than evaluation traders. The drawdown violation numbers also dropped significantly compared to evaluations.

You may need to adjust your trading style to the small leverage and get used to the new environment.
It comes with many new benefits with low leverage, Better trading conditions, Trade like it's your own account (No Rules like mandatory stop loss needed and etc), Funds security, and better psychology trading mentality as traders are forced not to over leverage.

The current 10:1 leverage is only given to the first stage (One Foot In) level to help traders scale up. We really do want to see traders making it far with this model. We're very happy to also payout traders and potentially changing trader's life.

It might take much more time, yes. You also have infinite time to trade, we do not rush you.
Trading is a journey, Slow and Steady wins the race.

We really like this model alot, it helps alot of traders and we think it's a win-win model for traders and our firm. (BuoyDirect)

Cheers!
Jack

Couldn't resist the discount on the Direct Funding model, which was supposed to end yesterday, so I signed up.

Is it true you're no longer a white label of FTMO?

Good Luck to you Green pips

You got it right! We're no longer partnered up with FTMO. we have ceased partnership.

If you are going to ask the next question about: What happens to the traders that signed up with you under the FTMO partnership period.

Well, we still have the backend solution until the last trader expires on the platform under the FTMO partnership model.
Their account will still be under FTMO.

Moving forward, we no longer have any models that ties us to FTMO, we're on our own now. Doing great too!

Also, Welcome to BuoyTrade!

Cheers
- Jack

Just finished with the first level, and planning to scale up
Sent an email already
All went good with your platform

I passed first level on thursday and after an e-mail to support, I received my contract agreement the very next day.

Still waiting for my level 1 credentials, but that shouldn't be long.

So far, my experience was very good.

This is great! Lots of traders are scaling up, Hopefully we get our first trader that reaches $1 million in our accounts.
You should expect to receive a reply by Monday (Business Day) from our compliance team.


You should receive it on Monday as well, We need to process our Live Accounts on GP's side.

Other than that, That's great news for all of us.
Keep it up!

Cheeerio!
-Jack

Hello.
I am interested in your model but I would like to open a demo account at the broker you use.
More than anything I want to test the leverage that you allow.
I have always worked with 1: 400 leverage, and have had no experience with smaller leverage.
Can I pass the broker you work for?
Thanks

(Edited) Sorry. I already found the Broker in the first publication. He was without my glasses.
Global Prime
Greetings from Ecuador

Hello CFDs.Trader

The 1 minimum active day is done by the account opening date, If you started on wednesday, you will have 1 week to at least make one of the action (Open/Closing/Partial Take Profit) to count as 1 Active Day.

To be on the safe side, just do an action on a weekly schedule (Mon-Fri)

Cheers!
Jack

Phakamisa from South Africa has done it again! $2,000 -> $4,000

Scaled his account in 3 trading days with a leverage of 5, in our $2,000 account!
All the trader had to do was make 5% or 10% and the account doubles each time!

Short Interview with Phakamisa and BuoyTrade about his Swing Trading style previously

#1: What would you like to tell traders to do, to accomplish the same trading result?
Answer: Patience and discipline play very important role to achieve good results.

#2: Do you have a trading plan in place, and do you follow it strictly?
Answer: Whenever you are trade you trade using your trading plan or journal.

#3: What do you think is the most important characteristic/attribute to become a profitable trader?
Answer: Don't forget risk management and never overtrade.

Just to clarify: If you have an ongoing swing trade from the past week that has not hit TP, do you still have to make another trade to fulfill the minimum one trade/week required?

Hello Doji,

Yes! You may do smaller size positions and swing on the smaller timeframe if you wish, An action is considered as (Opening/Closing/Taking Partial Profit)

Any one of those action is sufficient to count as an active day.

Cheers!
Jack

Last night I got my level 2 platform logins and "my certificate", looks nice
All on track!