Traders With Edge

BuoyTrade Alternative & Comparison

 

BuoyTrade Alternative & Comparison, that’s what we’re going to be covering today. So up the top you’ll see that we have the Prop Firm, the Challenge type. We’ve got the Traders with Edge Turtle, the Traders with Edge Hare, and the BuoyTrade Standard. The size of the account. We’ve tried to match them up as best we can. Traders with Edge has $5,000 accounts and the BuoyTrade has a $4,000. The maximum account size after scaling. So what this means is all good prop firms that fund traders will top up the account of traders who are consistently profitable. So the maximum account size refers to the maximum cap that the prop firm will fund an individual trader. Traders with Edge, as you can see, fund the traders up to $3 million. While BuoyTrade will fund traders up to $1,024 million. Do they have rapid scaling available? Yes, both companies have rapid scaling available, all plans. If you’re on the Traders with Edge website, you go to challenges, scaling plans.

You’ll see a page that looks like this. Talks about the difference between the organic and the rapid scaling. It’s a video to explain in more detail and some examples. You’ll see some graphs there that show what it looks like and how much faster the rapid scaling account will grow than the traditional type account. Also, down the bottom, we’ve got a calculator there for you. You can go and select your account size. You can play around with the metrics and you’ll see just how much more you’ll make from a rapid scaling account than a traditional type scaling account. So back to our BuoyTrade alternative and comparison, you’ll see the number of phases. The Traders with Edge Turtle account is a one phase account. Traders with Edge Hare account is a two phase account. And the BuoyTrade Standard is actually a direct funding account. So what that means is you’ll receive a profit share from day one. Cost in US dollars is $55 for the Turtle, $95 for the Hare, and $270 for the BuoyTrade account.

Is the fee refundable? It’s not refundable on the Traders with Edge Turtle or the BuoyTrade account. It is refundable with the Traders with Edge Hare account. How the refund works is once you’ve passed the challenge and you’re trading on a live funded account. When you’re eligible for your first payout, we’ll refund that $95 back to you at the same time that you receive your payout. The target for phase one, it’s 10% for both Traders with Edge accounts, and it’s 10% for the BuoyTrade account. If you want to take your profit share. So how it works with BuoyTrade account is, you have to reach 10% if you want to receive a payout split on that. If you don’t want to receive a payout split and you just want to go to the next level, you need to reach 5% and then they’ll scale your account up to the next level.

Target for phase two is only applicable for the Traders with Edge Hare account. And it’s 5% that you need to make. The maximum drawdown is 5% on both the turtle and the BuoyTrade account and 10% on the Traders with Edge Hare account. The daily drawdown is 2.5% on the turtle and 5% on the Traders with Edge Hare and it’s not applicable on the BuoyTrade account. The profit share, so you receive 80% of the profit that you make on any Traders with Edge account. So if you make $10,000 profit, you keep $8,000 of that. With the BuoyTrade account, you keep just 50% of the profits that you make. The minimum trading days for phase one is 10 minimum trading days. And with BuoyTrade, they do it a little bit differently where you need to make one trade a week. Minimum trading days for phase two is only applicable for the Traders with Edge Hare account and you need to make a minimum of 10 trading days.

A trading period, you’ve got a full year to pass the Traders with Edge Turtle account and the BuoyTrade account doesn’t have a limit on the maximum time. And the Traders with Edge Hare account has 30 trading days. The trading period for phase two is only applicable to the Traders with Edge Hare account, you’ve got 60 days. Can you hold over weekends? You can on the turtle and the BuoyTrade account, but you can’t on the Hare account. Then you use EA’s? Yes, you can use EA’s on all accounts. The only thing to consider is seek approval at Traders with Edge, because all Prop Firms have a rule that says you cannot trade exactly the same strategy as someone else. So if you’ve gone to a marketplace and you’ve bought an EA that 10,000 other people have. Someone who’s trading with that same strategy already on the Prop Firm, then you can go and you might pass the challenge, but you’ll lose your account because you’re trading the same strategy as someone else.

That’s why we say, if you’re using a fully automated EA that you contact us and seek approval, because then if you use that EA and you pass, then you know that you’re going to get funded, and you’re not going to lose your account because someone else is trading with the same strategy. Now, on the other hand, if you’re using an EA to manage your trades, to calculate your position size, to trail your stop, or to do a bunch of other things, that’s completely fine. And we actually recommend that you do use a trade manager for your account, because it can improve the accuracy and it can help you manage your risk and become a better trader overall. Are you allowed to trade with signals? Yes, you can trade with signals on all accounts and you trade on news, you can on all accounts.

Do you get a free retry? You don’t get a free retry on the Turtle or the BuoyTrade accounts, because it doesn’t make any sense. Cause you’ve got so long to pass the challenge. On the Traders with Edge Hare account though, how the free retry works is, if your trading period expires. So, say on phase one, you’ve got 30 days to pass the challenge. If 30 days passes and you haven’t reached the profit target but you’re in profit and you haven’t violated any rules, then we’ll give you a free retry to try and pass again. Can you trade Forex? Yes you can on all. Can you trade digital currencies? Yes you can on Traders with Edge, but you cannot on BuoyTrade. Can you trade commodities? You can on all accounts. Indices, you can on all accounts. Share and stock CFDs, you can at Traders with Edge, but you cannot with BuoyTrade.

Do they have trading competitions? Traders with Edge has competitions where you can go, sign up and battle it out with your friends online. Whoever wins the trading competition will win a challenge account that they can use to then get funded. Do they have giveaways? BuoyTrade does not seem to have any giveaways. Here’s an example of a giveaway that we ran recently. You could enter your name and email address to go in the draw to win one of three $50,000 Prop challenge account. We may or may not have this giveaway running at the time that you see this video, but this is a good example of the types of giveaways that we have from time to time. So make sure you subscribe to our telegram channel for announcements. Do they have trader education? Yes, Traders with Edge has education. BuoyTrade doesn’t seem to have education.

Do they have an affiliate program? Traders with Edge has an affiliate program that pays up to 20% for the lifetime of the client. So that means if you refer someone today via your special tracking link, then that person buys in three months from now, we’ll pay you up to 20% for the lifetime of the client. So if they purchase again in a year’s time, then you’ll also receive a commission on that. So it’s kind of like having a recurring or a passive income. BuoyTrade pays 5% for someone that you refer. We’re not sure if that’s one time or lifetime. So that concludes our alternative and comparison for BuoyTrade. If you’ve got any questions, then reach out to us on the live chat on the website, TRADERSWITHEDGE.com. Join the telegram group or leave a comment below the video and have an awesome day.

BuoyTrade is a proprietary firm that started operating in February 2021. They are based in Singapore and offer their traders a chance to work with bigger capital. They are partnered with Eightcap as their broker which is located in Australia.

BuoyTrade was founded under the belief that a future where deserving traders have direct access to significant capital which sure sounds exciting for everyone. They offer 50% profit split when you’re funded.

At BuoyTrade, they aim to build an environment where individuals have the liberty to do what they do best, that is Trading, while they provide them with the capital to kickstart their trading journey.

They are on a mission to find successful traders around the world. They have developed an evaluation process to distinguish and identify an individual’s qualities that they are seeking.

BuoyTrade has a goal also to break barriers into the proprietary online industry. They allow anyone who can show them qualities by displaying their trading skill to trade with their capital.

Their headquarters is located at 7 Temasek Boulevard #12-07, Suntec Tower One, Singapore.

Prop Firm/Challenge

Size
  • Max Account Size After Scaling
  • Rapid Scaling
  • Number Of Phases
  • Price: $USD
  • Refundable Fee
  • Target Phase 1
  • Target Phase 2
  • Maximum Drawdown
  • Daily Drawdown
  • Profit Share
  • Minimum Trading Days Phase 1
  • Minimum Trading Days Phase 2
  • Trading Period Phase 1
  • Trading Period Phase 2
  • Hold Over Weekends
  • Use EA’s
  • Allow Signals
  • Allow News Trading
  • Free Retry
  • Trade FX
  • Trade Digital Currencies
  • Trade Commodities
  • Trade Indices
  • Trade Share/Stock CFDs
  • Trading Competitions
  • Giveaways
  • Trader Education
  • Affiliate Program Pays

Traders With
Edge Turtle

$ 5k
  • $3 Million
  • Yes
  • 1
  • $55.00
  • 10%
  • N/A
  • 5%
  • 2.50%
  • 80%
  • 10
  • N/A
  • 365
  • N/A
  • Yes
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

Traders with
edge hare

$ 5k
  • $3 Million
  • Yes
  • 2
  • $95.00
  • Yes
  • 10%
  • 5%
  • 10%
  • 5%
  • 80%
  • 10
  • 10
  • 30
  • 60
  • With Approval
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Up To 20% Lifetime

BuoyTrade
Standard

$ 4K
  • $1.024 Million​
  • Yes
  • 0
  • $270
  • 5%/10% For Profit Split
  • N/A
  • 5%
  • N/A
  • 50%
  • 1/Week
  • N/A
  • N/A
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • Yes
  • 5%

Choose your account type

feedback_mix.png

Feedback

We'd love to hear your feedback on how we can improve. Please let us know any issues with the website or suggestions on how we can make Traders With Edge #1.
If you want to leave your email so we can follow up, it's optional.
[gravityform id="17" title="false"]
[vgoAlias]
[vgoAlias]
[^;]
[^;]
[(d+)]
[(d+)]
[elem.name]
[elem.name]
[+_a-z0-9-'&=]
[+_a-z0-9-'&=]
[+_a-z0-9-']
[+_a-z0-9-']
[a-z0-9-]
[a-z0-9-]
[a-z]
[a-z]
[el.name]
[el.name]
[class^="wpforms-"]
[class^="wpforms-"]