RISK

Trading carries substantial risk of loss. Prop evaluation fees are typically non-refundable and the majority of traders do not pass first attempts. This comparison is for informational purposes only and does not constitute financial advice. Read full risk warning

HEAD-TO-HEAD COMPARISON · 2026

BuoyTrade vs Simplex Trading

Side-by-side comparison of trust scores, profit splits, payout speed, and real trader reviews. Independent data — no sponsored rankings.

BUOY

BuoyTrade

SPLX

Simplex Trading

EST. 2004

BUOYTRADE

METRIC

SIMPLEX TRADING

0/100TIE

TRUST SCORE

TIE0/100

0/5TIE

RATING

TIE0/5

80%

PROFIT SPLIT

—

$1,024,000

MAX FUNDING

—

$50

MIN COST

—

14d

PAYOUT DAYS

—

PASS RATE

—

0TIE

REVIEW COUNT

TIE0

BUOYTRADE DETAILS

STEPS: 1-phase
DRAWDOWN: Static
MARKETS: Forex
PLATFORMS: MT4

SIMPLEX TRADING DETAILS

STEPS: -phase

BuoyTrade PROS

+Min challenge cost of $50 is well below the industry average of $186.7, making entry highly affordable.
+Single-step funding is better than the industry average of 1.6 steps, offering a faster path to funded status.
+Max funding of $1,024,000 is above the industry average of $839,272.7, providing above-average scaling potential.
+Profit target of 5% is well below the industry average of 7.9%, making the evaluation stage easier to pass.

BuoyTrade CONS

−Profit split of 80% is below the industry average of 84.7%, reducing the trader's share of earnings.
−Overall drawdown of 5% is well below the industry average of 7.9%, offering significantly less margin before breach.
−EA/automated trading is not allowed, restricting algorithmic traders from participating with this firm.

Simplex Trading PROS

+Founded in 2004, giving Simplex Trading over 20 years of operational history, suggesting longevity.
+US-based firm operating in a well-known financial jurisdiction.
+Long track record may indicate institutional-level stability compared to newer prop firms.
+No further data is available to substantiate additional pros at this time.

Simplex Trading CONS

−No key metrics such as profit split, drawdown, funding levels, or challenge cost are provided.
−Absence of platform and market data makes it impossible to assess trading conditions.
−Traders cannot compare Simplex Trading against industry averages without core financial data.

PROPDNA VERDICT

BuoyTrade

Higher trust score (0/100). Faster payouts at 14d. 80% profit split.

START WITH BUOY