BuoyTrade – Firm Review
- Instant capital scaling upon success
- Superior market access via top-tier
- Quick payout system for earnings
- Expert coaching from veteran traders
- Flexible platform integration opportunities
# BuoyTrade Review
Company Overview
BuoyTrade is an innovative proprietary trading firm established to provide traders access to substantial capital without requiring large personal investments. With a focus on both accessibility and professionalism, BuoyTrade offers a two-phase evaluation process designed to identify disciplined and consistent traders. Unlike many competitors, BuoyTrade provides flexible trading conditions including weekend holding permissions, news trading allowances, and multiple account size options ranging from $10,000 to $200,000. The firm supports various financial markets including forex, indices, commodities, and crypto, all tradable through the popular MetaTrader 5 platform. BuoyTrade distinguishes itself through competitive profit splits of up to 90%, a straightforward payout system, and dedicated customer support. Their challenge programs are structured to reward consistent trading performance rather than incentivizing risky strategies.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee based on account size, starting from $99 for $10,000 accounts up to $599 for $200,000 accounts
- Professional Challenge – Higher one-time fee with more relaxed trading conditions, starting from $149 for $10,000 accounts up to $849 for $200,000 accounts
- Free Retake – One free retry available if you fail the challenge but showed consistent trading
Account Types
- Standard Challenge: Two-phase evaluation with 8% profit target in each phase, 5% daily drawdown limit, 10% maximum drawdown
- Professional Challenge: Two-phase evaluation with 10% profit target in phase 1 and 5% in phase 2, 8% daily drawdown limit, 12% maximum drawdown
- Funded Account: Live trading account with real capital after passing both challenge phases
Profit Split Options
- Initial Split: 80% for traders in funded accounts after passing both challenge phases
- Scaling Plan: Profit split increases to 90% after consistent performance with the ability to scale account size
- Monthly Payouts: Regular profit withdrawals available with quick processing times
Account Sizes
- $10,000: Entry-level account with $99 fee for Standard Challenge, ideal for beginners
- $25,000: Mid-level account with $199 fee for Standard Challenge, balanced for intermediate traders
- $50,000: Professional account with $299 fee for Standard Challenge, suitable for experienced traders
- $100,000: Advanced account with $449 fee for Standard Challenge, for serious traders
- $200,000: Elite account with $599 fee for Standard Challenge, designed for professional traders
Trading Platforms
- MetaTrader 5 (MT5): Industry-standard platform with advanced charting, multiple timeframes, and analytical tools
- Web-based Dashboard: Proprietary interface for account monitoring, statistics tracking, and performance analysis
- Mobile App Access: Trade and monitor accounts on the go through MT5 mobile applications
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock market indices including US30, S&P 500, NASDAQ, and international markets
- Commodities: Gold, silver, oil, natural gas, and other raw materials
- Cryptocurrencies: Major digital assets including Bitcoin, Ethereum, and other leading altcoins
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 8% | 8% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 5 days | 5 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 10% | 5% |
| Daily Drawdown | 8% | 8% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 5 days | 5 days |
Challenge Specifications
- Max Allocation: Up to $1,000,000 available for consistently profitable traders through the scaling program
- Scaling: Double your account size after showing consistent profitability over 3 consecutive months
- Trading Competitions: Monthly contests with additional cash prizes for top-performing traders
- Free Trial: Demo environment available for 7 days to test the platform before committing
- Profit Targets: 8% for Standard Challenge and 10%/5% for Professional Challenge across both phases
- Drawdown Structure:
- Daily: 5% limit in Standard Challenge, 8% in Professional Challenge based on starting balance
- Maximum: 10% overall limit in Standard Challenge, 12% in Professional Challenge based on starting balance
- Trailing: No trailing drawdown feature, only static drawdown measurements
Trading Rules and Requirements
- Weekend holding allowed (no weekend trading restrictions)
- News trading permitted with reasonable risk management
- No prohibited trading strategies such as grid trading, martingale, or hedging
- Minimum 5 trading days required in both challenge phases
- Maximum allowed leverage of 1:100 for all account types
- Trade execution must be through the provided MT5 platform only
- Account sharing prohibited – only one trader per account
Company Information
- Founded: 2021
- Headquarters: London, United Kingdom
- Regulation: Operates under UK financial regulations
- Support Hours: 24/5 customer service availability
- Languages: English, Spanish, French, German, Arabic
- Contact Methods: Email, live chat, and phone support
Payout Methods
- Bank Transfer (2-3 business days)
- Skrill (24-48 hours)
- PayPal (24-48 hours)
- Bitcoin and other cryptocurrencies (24 hours)
- Minimum withdrawal amount: $100
- Monthly payout cycle with requests processed within 5 business days
Trading Commissions
- Forex: $7 per lot round turn
- Indices: $7 per lot round turn
- Commodities: $7 per lot round turn
- Cryptocurrencies: 0.05% per trade
- No additional monthly fees or hidden charges
IP Rules
- Maximum of 3 IP addresses allowed per account
- VPN usage is permitted but must be registered with support
- Multiple accounts sharing the same IP address require approval
- Travel notification required when trading from new locations
- Location changes need to be approved at least 24 hours in advance
Unique Features
Trader-Friendly Conditions
- No time limit on challenges – trade at your own pace
- Weekend position holding allowed without restrictions
- News trading permitted with proper risk management
- Free retake opportunity for consistent traders who fail
Growth Opportunities
- Scaling program to double account size after consistent performance
- Profit split increases up to 90% for established traders
- Monthly trading competitions with additional cash prizes
- Educational resources and market analysis for traders
Why Choose BuoyTrade?
BuoyTrade stands out in the competitive prop trading landscape by offering a balanced combination of trader-friendly conditions and professional risk management. Their approach focuses on finding and nurturing genuine trading talent rather than collecting challenge fees.
Key advantages include:
- No time limits on challenges, allowing traders to develop their strategies properly
- Weekend position holding and news trading permissions that reflect real trading conditions
- Competitive profit splits up to 90% with a clear scaling program
- Free retake opportunity that recognizes trading involves both skill and luck
- Multiple account sizes from $10,000 to $200,000 to accommodate different trader experience levels
- Reliable and fast payout system with multiple withdrawal options
- Dedicated 24/5 customer support team with trading expertise
Frequently Asked Questions
How long does it take to get funded?
The time to get funded with BuoyTrade depends entirely on your trading performance. Since there are no time limits on the challenges, you can complete both phases at your own pace. Once you meet the profit targets while respecting the drawdown limits and completing the minimum 5 trading days in each phase, your funded account can be activated within 24-48 hours after verification is complete.
Can I hold positions over the weekend?
Yes, BuoyTrade allows weekend position holding without restrictions. This is one of their trader-friendly features that lets you manage your trades without arbitrary time constraints. You can hold positions from Friday to Monday without penalty, which is particularly valuable for swing traders or those trading longer-term market movements.
What happens if I break a rule?
If you break a trading rule, the consequences depend on the severity and nature of the violation. Minor infractions may result in a warning, while serious violations like using prohibited trading strategies could lead to account termination. BuoyTrade evaluates each case individually and may offer a second chance for honest mistakes. It’s recommended to contact support immediately if you believe you’ve unintentionally broken a rule.
Can I trade news events?
Yes, BuoyTrade permits news trading as long as you maintain proper risk management. Unlike many prop firms that restrict trading during high-impact economic events, BuoyTrade allows traders to capitalize on news-driven market movements. However, they still expect responsible position sizing and adherence to the overall drawdown limits when trading during volatile market conditions.
How often can I withdraw profits?
BuoyTrade operates on a monthly payout cycle. You can request withdrawals of your profit share once per month, with requests processed within 5 business days. The minimum withdrawal amount is $100. Once approved, payment processing times vary by method, with cryptocurrency being fastest (24 hours) and bank transfers taking longer (2-3 business days).
