BrightFunded logo

BrightFunded

4.5
400+ reviews

Featured offer

15% OFF

15% off on all challenges

Ends Nov 30
Buy

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.

Year Founded2023
CountryAE flagUnited Arab Emirates
CurrencyEUR

Markets

commoditiescryptoforexindices

Platforms

DBP
DXtrade (Brightfunded platform)
DXtrade (Brightfunded platform)
C
cTrader
cTrader
M
MT5
MT5

Payment Methods

CryptoBank TransferCredit CardiDeal

Payout Methods

CryptoBank Transfer

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

Frequently Asked Questions about BrightFunded