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Attachments: BuoyTrade - Leading A-Book Firm
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BuoyTrade - Leading A-Book Firm

  • #21
  • Jul 13, 2021 9:49pm Jul 13, 2021 9:49pm
Quoting PayTheBid
Last night I got my level 2 platform logins and "my certificate", looks nice All on track!
Good luck with our Live Account, please continue to your good performance!

Safe Trading!
Jack
  • #22
  • Jul 14, 2021 12:21am Jul 14, 2021 12:21am
Quoting buoytrade
{quote} 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
Hi Jack.

Can't it be possible to count an ongoing swing trade as fulfilling the minimum requirement of one trade per week? I thought the reason for this rule was simply to make sure that the trader's account is not dormant.

It doesn't make sense, in my opinion, especially for a swing trader to have to close a position prematurely before reaching the TP (or heaven forbid, possibly take a loss) just to be able to comply with this rule. Please remember that the leverage of 1:5 is constricting already and it might not even be possible to open another trade--even if the lot-size is small--in order to avoid a violation.

I hope BuoyTrade takes this into consideration so that all trading strategies (not just scalping or day-trading) can be accommodated in your prop firm.
Amor Fati--F. Nietzsche
  • #23
  • Edited 1:23am Jul 14, 2021 1:00am | Edited 1:23am
Quoting doji
{quote} Hi Jack. Can't it be possible to count an ongoing swing trade as fulfilling the minimum requirement of one trade per week? I thought the reason for this rule was simply to make sure that the trader's account is not dormant. It doesn't make sense, in my opinion, especially for a swing trader to have to close a position prematurely before reaching the TP (or heaven forbid, possibly take a loss) just to be able to comply with this rule. Please remember that the leverage of 1:5 is constricting already and it might not even be possible to open...

Thank you for your comment, We will bring it up in the next meeting to see how we can fine-tune it and negotiate around.

For now let me tell you what was discussed previously about this "1 Active Day Rule Per Week"
Our previous meeting has reasons why we should add in this rule, Basically we want to encourage traders to be invested with our accounts they are managing. We do not want to make our accounts to be a "Investment in ETF Portfolio" where you just place a trade and hope there's a return of 8% / annually.

There are other type of robo-advisors out there that are doing this. For us, BuoyTrade, a Proprietary Firm invests into an account. The money we have invested will need to generate a return more than the yearly inflation rate or Risk-Free rate(Gov Bonds) at least for us to be profitable.

Also there are alot of cost involving operating an A-Book brokerage that we partnered with.
GlobalPrime relies on volume generated from trades (commission) in order to pay bills. Each account in their server that is active will take on server load, which needs to be paid at the end of the day. Traders can't expect to trade a 0.3Lot on a certain pair and our broker only earn $2.1 for that month to pay off the server plus technology.

I think there needs to be a balance in terms of traders, firm, and broker needs.
We created this firm so everyone could win. Everyone will have a fair share of success.

What i mentioned above is what I understand from the previous meeting we had and why we had to implement the 'active day per week'. We're only asking for 4 active days per month out of 21 trading days. I honestly don't think it's a unfair rule at all, to keep everyone happy.

Cheers!
Jack
  • #24
  • Jul 14, 2021 3:01am Jul 14, 2021 3:01am
Thanks for the prompt response, Jack.

First off, let me say that what impresses me most about BuoyTrade is your partnership with a reputable A-book broker like Global Prime. In my view, it's often disadvantageous to traders when a prop firm uses its own server and in effect acts as a de facto broker (while claiming otherwise). Hopefully, your firm will keep your business model unchanged for the foreseeable future.

Will await BuoyTrade's decision on the matter at hand.
Amor Fati--F. Nietzsche
  • #25
  • Jul 16, 2021 5:45am Jul 16, 2021 5:45am
Quoting doji
Thanks for the prompt response, Jack. First off, let me say that what impresses me most about BuoyTrade is your partnership with a reputable A-book broker like Global Prime. In my view, it's often disadvantageous to traders when a prop firm uses its own server and in effect acts as a de facto broker (while claiming otherwise). Hopefully, your firm will keep your business model unchanged for the foreseeable future. Will await BuoyTrade's decision on the matter at hand.

For sure, We will like to improve in every aspect, Of course we will have to wait for BuoyDirect Data, to check if we are able to make changes.

Cheers!
Jack
  • #26
  • Jul 16, 2021 5:46am Jul 16, 2021 5:46am
Hello Traders,


We have just launched our Official Telegram Group: BuoyTrade Official Telegram Link

Join us! You're missing out! It's a general discussion group for everyone including traders that are already with us.



Cheers!
Jack
  • #27
  • Jul 17, 2021 11:35pm Jul 17, 2021 11:35pm
Looks promising
  • #28
  • Jul 18, 2021 1:23pm Jul 18, 2021 1:23pm
Finally a prop firm offering real capital and not demo accounts.
  • #29
  • Jul 22, 2021 10:38pm Jul 22, 2021 10:38pm
Quoting D.B
Looks promising
Thank you for reviewing us!

Quoting emicovi
Finally a prop firm offering real capital and not demo accounts.
That's what we do! Do consider giving us a run!


-------------------

Very good news for BuoyTrade,

Our highest leaderboard at the moment : $16,000 Account
It's only been 3 weeks in!
$1,000 to $16,000 (Real Capital)

Attached Image

Cheers!
Jack
  • #30
  • Jul 29, 2021 2:24am Jul 29, 2021 2:24am
Indices is coming to Buoy Direct Models!
1st August Launch!

You can now trade Forex/Metals/Indices on BuoyDirect!

- Jack
  • #31
  • Dec 10, 2021 11:22pm Dec 10, 2021 11:22pm
Dear Mr. Daniel,

I emailed you 10 days ago but didn't get a response so I'm copying it here for your attention.

Because your broker often widens the spread and the rules are difficult to hit the next scaling levels. I want you to change the rule like this:

- Maximum DD/loss: 10% instead of 5%
- Level scaling: Balance 4x instead of doubling each stage.

It is also a very good condition to beat your competitors .

I would greatly appreciate that and would be happy if you would change the rules as per my request.

Thanks in advance.

Best Regards,
FXTrader.FF
  • #32
  • Dec 14, 2021 9:21pm Dec 14, 2021 9:21pm
Quoting FXTrader.FF
Dear Mr. Daniel, I emailed you 10 days ago but didn't get a response so I'm copying it here for your attention. Because your broker often widens the spread and the rules are difficult to hit the next scaling levels. I want you to change the rule like this: - Maximum DD/loss: 10% instead of 5% - Level scaling: Balance 4x instead of doubling each stage. It is also a very good condition to beat your competitors . I would greatly appreciate that and would be happy if you would change the rules as per my request. Thanks in advance. Best Regards, FXTrader.FF...
Hello FXTrader.FF,

We have received your complaint and also are horrified by the rollover spread. This is not BuoyTrade intention as we do not touch any of the accounts in our system once it goes live.

I'm pretty sure you are not the only one that's being affected by this alone, We are currently investigating this issue and will get back to you with GlobalPrime's answer on this matter, as our funds are at risk here.

For all the others, BuoyTrade is a fully A-Book firm where we do not absorb your orders, rather GlobalPrime is the one connecting us to a counter-party on their end.

@FXTrader.FF, please do check your email regularly as we'll update you via email on this investigation.
For anyone else who is affected by this GBPNZD rollover spread or any other pairs, please let us know by contacting us at [email protected]


Regards,
Daniel
  • #33
  • Apr 2, 2022 10:37am Apr 2, 2022 10:37am
Quoting FXTrader.FF
Dear Mr. Daniel, I emailed you 10 days ago but didn't get a response so I'm copying it here for your attention. Because your broker often widens the spread and the rules are difficult to hit the next scaling levels. I want you to change the rule like this: - Maximum DD/loss: 10% instead of 5% - Level scaling: Balance 4x instead of doubling each stage. It is also a very good condition to beat your competitors . I would greatly appreciate that and would be happy if you would change the rules as per my request. Thanks in advance. Best Regards, FXTrader.FF...
are you still a member of BuoyTrade? how is your trading?
  • #34
  • Last Post: Mar 18, 2023 8:17am Mar 18, 2023 8:17am
Any other traders have recent experience with Buoytrade? The ratio of DD to scale up is good .. 1:1
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