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  • #2,061
  • Jul 5, 2021 9:34am Jul 5, 2021 9:34am
Quoting mcquak
{quote} I m not big fan of high leverage, but 1:5 (1:10 ) fo FX is not much {image}. What do you think @buoytrade? Any chance to reconsider this? {image}

I think that, There's a major difference when we offer lower leverage, It's not quite a stable statistics yet for us to boast about.

But currently this is our 3rd trading day into this model. We have more than 50% of Traders that are profitable in this current model.
We're really amazed at what we are witnessing!

The other 50% are traders are those who have not started trading their accounts or they did not do well in the first few trade. But other than that No blown accounts yet!

With a low leverage, it helps traders not to overleverage and blowing the account within the first day of trading.

Compared to our evaluation model, where traders are put in a series of test. We have a 95% losing statistics. The difference is actually quite amazing.

We hope all traders can continue until they hit Level 10 on the scaling plan ($1,024,000).

If you wanna fast track to Level 10, You just need to make 5% x 10. that's 50% Flat Gain [No Withdrawal].

All the best!
Jack
  • #2,062
  • Jul 5, 2021 9:34am Jul 5, 2021 9:34am
Quoting WWTrades
For those of you who prefer direct funding models, Buoytrade launched an interesting offer : - No daily drawdown - 5% loss max - 5% target to scale up - 1.024.000$ account on level 10 - 5:1 leverage - No news restriction - Week-end holding - No mandatory stops - 75$ one-time fee https://www.buoytrade.com/buoydirect
$75 for $50 max DD. Once again, just like all of these similar models, clearly not a good deal. Put the $75 in your own account and don't give up 50% profit.
  • #2,063
  • Jul 5, 2021 9:47am Jul 5, 2021 9:47am
Quoting pipmaster77
{quote} $75 for $50 max DD. Once again, just like all of these similar models, clearly not a good deal. Put the $75 in your own account and don't give up 50% profit.
We designed this model to help traders succeed in scaling their account up to a million dollar account size.
This model is also designed by surveying traders what they like and not like.

Such as Copy Trading, yeah... we don't have that rule. You can copy from a Signal provider, It's allowed.
Algo? No need to send us your algo for inspection. Just use it.
No weekend / Weekday / News Rules..
Consistency? The only thing consistent we like to see is account growth! We don't tell you how to control your lot sizes or needing to add mandatory stop loss.

All these are problems traders are facing we removed it. It's all gone. Welcome To The New Era.

If you trade $75 of your own account, You make 5%. You make $3.75
If you trade $1000 with us, You make 5%, You get an additional $1,000 injected into your account. that is $2,000.
But FF users are smart. I won't lie to you with "Fake Numbers" that means also injecting another $50 of our capital into your account for drawdown increase.

So which will you choose $3.75 or $50 ($1000 additional)?

Let's win together!
Jack
  • #2,064
  • Jul 5, 2021 9:48am Jul 5, 2021 9:48am
Quoting pipmaster77
{quote} $75 for $50 max DD. Once again, just like all of these similar models, clearly not a good deal. Put the $75 in your own account and don't give up 50% profit.
Your calculation does not consider scaling up.

Scenario 1 :

You open Buoytrade account for 75$.
You win 5% 10 times in a row.
Now you have a 1.024.000$ account with a 5% max loss.

Scenario 2 :

You open your own account with 75$.
You win 5% 10 times in a row.
Now you have a 122$ account with no loss restriction.

Make your choice.
  • #2,065
  • Jul 5, 2021 9:50am Jul 5, 2021 9:50am
Quoting pipmaster77
{quote} $75 for $50 max DD. Once again, just like all of these similar models, clearly not a good deal. Put the $75 in your own account and don't give up 50% profit.
Yes,I understand where you are coming from, I have an account like that(from an old balance left over) that I am redlining it constantly to see what I can get out of it out of curiosity, but make no mistake one bad surprise and my high leverage is going to cost me.
Now Buoy trades leverage is a little too low, but as you scale up your 67.50 could go a long way, without risking the bank
Just another way of looking at it
Those who don't believe in magic will never find it
  • #2,066
  • Edited 10:05am Jul 5, 2021 9:55am | Edited 10:05am
Quoting PayTheBid
{quote} Signed up, they have a 10% off offer too.... Looks interesting even if it is a relative new company. Originally when they opened I heard in the grapevine that they are the Singapore division of FTMO, now I do not know if that really stands Anyways for 67.50 worth the try and the broker they use is Global Prime, top broker
Lol holy shit man, how many firms have you signed up for so far?

Yet some narcissistic smart asses who are too shortsighted to see how advantageous this prop thing is ,would swoop in every once in a while to mock efforts and realistic visions.
  • #2,067
  • Jul 5, 2021 9:59am Jul 5, 2021 9:59am
Quoting buoytrade
{quote} We designed this model to help traders succeed in scaling their account up to a million dollar account size. This model is also designed by surveying traders what they like and not like. Such as Copy Trading, yeah... we don't have that rule. You can copy from a Signal provider, It's allowed. Algo? No need to send us your algo for inspection. Just use it. No weekend / Weekday / News Rules.. Consistency? The only thing consistent we like to see is account growth! We don't tell you how to control your lot sizes or needing to add mandatory stop...
Don't want to get into a debate here, but c'mon now, no math tricks please. With a $50 DD limit, my position sizes will need to be smaller than my $75 personal account. The equity has nothing to do with it, all risk needs to be based on what you're allowed to lose. So if I'm trading .2 on your account, I can trade .3 on my account. I can post the spreadsheet if you'd like. Sorry, but the challenge/verification model are THE ONLY good deals in the prop firm space. FTMO.....$600 for 10K DD, MFF $500 for 12 K DD. The DD is 20-25 times the fee.
  • #2,068
  • Jul 5, 2021 10:03am Jul 5, 2021 10:03am
Quoting buoytrade
{quote} I think that, There's a major difference when we offer lower leverage, It's not quite a stable statistics yet for us to boast about. But currently this is our 3rd trading day into this model. We have more than 50% of Traders that are profitable in this current model. We're really amazed at what we are witnessing! The other 50% are traders are those who have not started trading their accounts or they did not do well in the first few trade. But other than that No blown accounts yet! With a low leverage, it helps traders not to overleverage...
So what happens if I wont make 5% requirements at any level on way to level 10%
Whether you think you can, or you think you can't,you're right. H.F.
  • #2,069
  • Jul 5, 2021 10:03am Jul 5, 2021 10:03am
Quoting WWTrades
{quote} Your calculation does not consider scaling up. Scenario 1 : You open Buoytrade account for 75$. You win 5% 10 times in a row. Now you have a 1.024.000$ account with a 5% max loss. Scenario 2 : You open your own account with 75$. You win 5% 10 times in a row. Now you have a 122$ account with no loss restriction. Make your choice.
Yep, they got ya. What position size will you be trading with $50 allowable loss ? hat position size will you be trading with $75 allowable loss. The "fake equity" is the trick. They are giving you a $50 account for ONLY, wait for it.........$75
  • #2,070
  • Edited 10:21am Jul 5, 2021 10:05am | Edited 10:21am
Quoting Koop
{quote} Lol holy shit man, how many firms have you signed up for so far?
Yes, totally agree with you,haha
The last one I promise
Now I am testing 5ers, MFF and Buoy
I am trading a total of 6 platforms, 3 strategies all major pairs

I am used to it, you find a way to get around things after a while, since just looking at one chart you know that there will
be a signal most likely on another strategy, but it becomes tiring especially when it chops

Anyways, you have to love this, it is not only for the money cause if it was I would have been gone long ago
it is a challenge to always be better than yesterday
My challenge here is to get to the top level, it is not the $$ obviously
Those who don't believe in magic will never find it
  • #2,071
  • Jul 5, 2021 10:11am Jul 5, 2021 10:11am
Quoting pipmaster77
{quote} Yep, they got ya. What position size will you be trading with $50 allowable loss ? hat position size will you be trading with $75 allowable loss. The "fake equity" is the trick. They are giving you a $50 account for ONLY, wait for it.........$75
You'll have to trade micro lots and that will take time, for sure. But I see no trick here. Your statement is right for the first level but I could also tell you that once you have passed all the levels, they give you a 51.200$ account for 75$. Here, the max drawdown to fee ratio is 682,67. Not bad, and with no doubt better than any challenge model.

I'm not here to say that this model is better than any other one. It's just different. It has its pros and cons but in my opinion, it's a really great deal for a patient and talented trader who can't afford his own account and may finally trade a 1.000.000 account for only 75$.
  • #2,072
  • Jul 5, 2021 10:13am Jul 5, 2021 10:13am
Quoting WWTrades
{quote} Your calculation does not consider scaling up. Scenario 1 : You open Buoytrade account for 75$. You win 5% 10 times in a row. Now you have a 1.024.000$ account with a 5% max loss. Scenario 2 : You open your own account with 75$. You win 5% 10 times in a row. Now you have a 122$ account with no loss restriction. Make your choice.
Here's the real numbers, this is with CTI, as horrible as it looks is actually a better deal, as they are not charging 50% more for fee vs DD. But you get the idea, just plug whatever direct funding model you wish.
Attached Image (click to enlarge)
Click to Enlarge Name: CTI vs real.PNG Size: 84 KB
  • #2,073
  • Jul 5, 2021 10:23am Jul 5, 2021 10:23am
Quoting WWTrades
{quote} You'll have to trade micro lots and that will take time, for sure. But I see no trick here. Your statement is right for the first level but I could also tell you that once you have passed all the levels, they give you a 51.200$ account for 75$. Here, the max drawdown to fee ratio is 682,67. Not bad, and with no doubt better than any challenge model. I'm not here to say that this model is better than any other one. It's just different. It has its pros and cons but in my opinion, it's a really great deal for a patient and talented trader who...
Well, let's not forget that with majority of challenge models, you get your deposit back after successful verification so, technically speaking, you get your account for free (be it 100k or 200k you name it) with much larger allowed DD and also with a possibility to scale up further even over 1M with several firms
Money is made by sitting, not trading
  • #2,074
  • Jul 5, 2021 10:41am Jul 5, 2021 10:41am
Oh funny, Mr Heng entered the chat.

Mate, stop preaching about Global prime and instead talk about how you are going to manage the risk of your company itself.

I read your messages on telegram and various other places and you are so heavily focused on how great the broker is that it says to me unless you b book everything you are going to lose a lot of money.

Your program isn't good, people are politely telling you so, so perhaps back to the drawing board? No one cares if you can provide a 1k click trade receipt from integral. They only care that for the next 50 years you are able to pay people if they make money without cheating anyone.
  • #2,075
  • Jul 5, 2021 10:52am Jul 5, 2021 10:52am
Quoting Vitore
{quote} Well, let's not forget that with majority of challenge models, you get your deposit back after successful verification so, technically speaking, you get your account for free (be it 100k or 200k you name it) with much larger allowed DD and also with a possibility to scale up further even over 1M with several firms
Exactly. You got it.
  • #2,076
  • Jul 5, 2021 10:55am Jul 5, 2021 10:55am
Quoting Takisd
Oh funny, Mr Heng entered the chat. Mate, stop preaching about Global prime and instead talk about how you are going to manage the risk of your company itself. I read your messages on telegram and various other places and you are so heavily focused on how great the broker is that it says to me unless you b book everything you are going to lose a lot of money. Your program isn't good, people are politely telling you so, so perhaps back to the drawing board? No one cares if you can provide a 1k click trade receipt from integral. They only care that...
I only need about 30 years, unless, of course, they come out with some miracle anti-aging drug, I suspect I'll be dead in 50.
  • #2,077
  • Jul 5, 2021 11:41am Jul 5, 2021 11:41am
Quoting Vitore
{quote} Well, let's not forget that with majority of challenge models, you get your deposit back after successful verification so, technically speaking, you get your account for free (be it 100k or 200k you name it) with much larger allowed DD and also with a possibility to scale up further even over 1M with several firms
I agree and to be clear, my preference goes to challenge model for that reason. It gives you the ability to make serious money in a reasonable time for free (provided that you passed the challenge).

But for those who like direct funding models, it seems to me that Buoytrade offers an affordable and transparent deal (no fancy rules to trick you).
  • #2,078
  • Jul 5, 2021 12:25pm Jul 5, 2021 12:25pm
I'm just wondering how long(and IF) it might take to get to level 10 to actually make some money at 50/50 split?
Whether you think you can, or you think you can't,you're right. H.F.
  • #2,079
  • Jul 5, 2021 12:25pm Jul 5, 2021 12:25pm
Quoting Takisd
Oh funny, Mr Heng entered the chat. Mate, stop preaching about Global prime and instead talk about how you are going to manage the risk of your company itself. I read your messages on telegram and various other places and you are so heavily focused on how great the broker is that it says to me unless you b book everything you are going to lose a lot of money. Your program isn't good, people are politely telling you so, so perhaps back to the drawing board? No one cares if you can provide a 1k click trade receipt from integral. They only care that...
Haha Damn Takisd, easy!!!!!! give the man/woman/non-binary person a chance.
  • #2,080
  • Jul 5, 2021 12:34pm Jul 5, 2021 12:34pm
Quoting Simply-Me
I'm just wondering how long(and IF) it might take to get to level 10 to actually make some money at 50/50 split?
This has always been my problem with the 5ers regular direct funding model, same as CTI and similar firms. They like to sing glorious hymns about the great scale up plans and the 1.8mill - 2mill waiting for you at the end of the journey...

but not a single trader has achieved this targets yet.... how easy would it be to scale through all the steps and stages with 1:5 leverage and a 4-5% max DD? how long would it take before one gives up on that large account honeypot target? all while taking home only 50% of your profits for that whole period.

btw, a 2mill account balance with a 5% max DD is not as "big" as it seems in terms of risk and profit potential.

But hey, there are guys who have no problems with it, who have strategies that can exploit the opportunities regardless, so in the end, to each his own.


5ers were very smart to shell out the summer plan though.
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