BrightFunded
Featured offer
15% OFF
15% off on all challenges
About BrightFunded
BrightFunded is a proprietary trading firm founded in September 2023 (some sources mention 2022) in the Netherlands, led by CEO Jelle Dijkstra. They offer traders the opportunity to trade CFDs with company capital through their evaluation challenges. BrightFunded operates out of Amsterdam and Dubai, offering account sizes ranging from $5,000 to $200,000 (up to $400,000 simulated). They have developed their own proprietary trading platform (desktop and mobile app) featuring raw spreads and low commissions, in addition to supporting DxTrade, cTrader, and MT5. BrightFunded has paid out over $7 million to traders and maintains a Trust Pilot rating of 4.5 based on 79+ reviews.
Markets
Platforms
Payment Methods
Payout Methods
Rules
Copy Trading
Copy trading is permitted on BrightFunded accounts:
- Allowed only between accounts owned by the trader
- Partnership with Prop Firm One allows copying trades across different proprietary firm accounts
- Must comply with trading conditions
News Trading
News trading rules vary by account stage:
- Evaluation Accounts: News trading is allowed without restrictions
- Funded Accounts: Trading is restricted 5 minutes before and after high-impact news events (profits made during this 10-minute window will be deducted, considered a soft breach)
Account Types
BrightFunded offers a two-step evaluation process with an unlimited time limit for completion:
Phase 1 Requirements:
- Profit target: 8%
- Maximum daily loss: 5%
- Maximum total drawdown: 10%
- Minimum trading days: 5 active sessions
Phase 2 Requirements:
- Profit target: 5%
- Risk management rules: Same as Phase 1
Customization Add-ons:
- Remove minimum trading days requirement
- Upgrade to instant 90% profit split
Profit Targets
BrightFunded uses a two-step evaluation process:
Phase 1:
- Profit target: 8% of initial account balance
Phase 2:
- Profit target: 5% of initial account balance
Complete both phases to receive your funded account.
Expert Advisors
The use of Expert Advisors (EAs) and automated trading systems is permitted on BrightFunded accounts, provided they align with trading conditions. However, prohibited strategies include:
- Automated software/AI/HFT tools
- Arbitrage trading
- Tick scalping
- Grid trading
Inactivity Rule
BrightFunded has a 30-day inactivity rule:
- Must place at least one trade every 30 days to avoid account deactivation
- Failure to trade within 30 days may result in account termination
VPN/VPS/IP Usage
VPN/VPS usage is allowed for travel purposes, but only the account owner may trade. IP addresses must match the registered country.
Maximum Daily Loss
The maximum daily loss limit is set at 5% of the initial account balance. This is calculated based on the balance-based drawdown reset type (balance/equity - highest at EOD).
Maximum Total Loss
The maximum total loss (drawdown) is 10% of the initial account balance. This is a static drawdown measured from the starting balance.
Minimum Trading Days
Minimum trading days: 5 days in each evaluation phase. No minimum trading days required for funded accounts. A trading day is defined as a day where at least one position is opened.
Prohibited Strategies
BrightFunded prohibits the following strategies:
- Hedging between multiple BrightFunded accounts
- Exploiting service errors or delayed data feeds
- Coordinated manipulation
- Violating platform terms
- Risk-Abusive Trading: Overleveraging, Overexposure, One-Sided Bets, Account Rolling
- Abusive Strategy Types: Grid Trading, Arbitrage, Tick Scalping, HFT
- Martingale strategies
Stop Loss Requirements
Stop losses are NOT required on BrightFunded accounts.
Weekend and Overnight Holding
Weekend holding and overnight holding are permitted on all BrightFunded accounts. Traders can hold positions over weekends and overnight, subject to swap/financing charges.
Leverage
BrightFunded offers leverage that varies by instrument type:
Leverage by Instrument:
- Forex (FX): 1:100
- Gold & Commodities: 1:40
- Indices: 1:20
- Crypto: 1:5
Commissions:
- Currency Pairs: $3 / Lot
- Indices: $0 (ZERO)
- Crypto: 0.024% / Volume
- Commodities: 0.0010% / Volume
Important Considerations:
- Leverage increases both potential profits and risks
- Leverage is applied automatically based on instrument
- Higher leverage requires careful risk management
- BrightFunded offers competitive commission rates, with zero commission on indices
Payout Policy
Fee Refund
The evaluation fee is NOT refundable with BrightFunded.
Profit Split
BrightFunded offers progressive profit splits:
- Standard Profit Split: 80% to traders
- With Add-on: 90% profit split
- When Scaled Up: 100% profit split
Profit split increases with account scaling and add-ons.
Scaling Plan
BrightFunded offers a scaling plan:
- Requirements: Evaluation period of 4 consecutive months from the first trade, profitable in at least 2 of those 4 months with a minimum total profit of 10% within that four-month span, and successfully process a minimum of two pay-out transactions. The account must be at breakeven or profitable at the time of scaling.
- Reward: Account capital can increase every four months
- Profit Split: Increases to 90% after first scale-up, and reaches 100% when fully scaled
Payout Methods
BrightFunded offers multiple payout methods:
- Crypto: USDC (ERC-20 Network)
- Bank Transfer: Euros (€) via Wise
There is no minimum payout amount.
Payout Frequency
BrightFunded offers flexible payout options:
- First Payout: Available 30 days after opening the funded account
- Subsequent Payouts: Every 14 days (bi-weekly)
- Weekly Option: 7-day payout available as an add-on
- Processing Time: Very fast, typically 8 to 24 hours (some users report same-day processing)
Restricted Countries
- Cuba
- Iran
- North Korea
- Syria
- Vietnam