In the changing environment of proprietary trading firms, Bright funded is one of the important participants. It offers traders a modern combination of work flexibility, profit split, and full advanced support. In September 2023, they founded the firm in the Netherlands. The firm has become very popular within the trading community. In this blog, we understand the firm's evaluation, partnership model, and overall value that will attract both beginners and experienced traders.

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Overview of Bright Funded

Bright Funded is a proprietary trading firm that provides funded accounts with practical add-ons. A trader-centric proprietary firm is a place where the firm gives utmost importance to transparency, community engagement, and a special commitment to fostering trader growth. The firm’s goal is actually to create a well-regulated trading environment that caters equally to various skill levels of traders.

To empower traders in this firm to share 100% profit, Bright Funded provided access to substantial trading capital and a variety of financial instruments.

Evaluation Process

In order to secure funding from Bright Funded, traders must pass the structured evaluation process designed to assess their trading skills and risk management capabilities. This process is divided into two distinct phases.

Phase 1: Initial Challenge
Profit Target: Traders must accomplish an 8% profit target concerning their initial account balance. 
Maximum Daily Loss: They put a 5% loss limit as a rule for traders to perform in a disciplined manner. 
Maximum Overall Loss: No more than a 10% drawdown of the total account balance is authorised at any time. 
Minimum Trading Days: Traders are required to make a trade for at least five days. There is no upper limit that will encourage flexibly evaluating the period of participation.

Phase 2: Verification
Profit Target: The profit target is now set at 5%, emphasizing consistency over the extra-aggressive profit goal that was missed. 
Loss Limits: Both daily and overall drawdown limits remain consistent with Phase 1. 
Minimum Trading Days: In the case of five trading days, there are no time constraints for holding a trading position. 

Also, with the successful completion of these stages, they are the ones that will enable access to the bank account, which will help traders to trade with the firm's money and therefore, partake in the profit-sharing-based arrangement.

Account Sizes and Fees

Bright Funded realizes that every trader has their own trading style. Some wish to be very careful and take things easy, while others prefer to be big and grow rapidly. To address all these preferences, the firm provides various types of accounts. There is at least one account for each level of experience, risk, and capital that traders want. The last one will be separate volume controls, so you can cancel the effect at each gain stage. Here is the detailed information:

Evaluation Account of $5,000

The $5,000 account size entry fee is $55, best for beginners. The profit target is 8%, and in phase 2, it drops to 5%. The daily drawdown limit is 5%, and the overall limit is 10%. It is the best choice for anyone who is looking for a low-cost, low-risk way to familiarize themselves with the rules and expectations of the firm.

The $10,000 account size entry fee is $95, best for intermediate-level traders. The profit target is 8% in phase 1, and in phase 2, it is 5%. The daily drawdown is 5%, and the maximum drawdown is 10%. However, an increased capital amount offers you the flexibility to better devise position sizing as well as strategy diversification. This is a good place to start medium-risk trading if one seeks to trade slightly larger lots without a premium fee.

The $25,000 account size entry fee is $195. The fixed profit split at 8% and 5% for the two phases. Having a larger capital would allow you to withstand the market swings and execute more complicated strategies such as hedging, swing trading, and short-term scalping on the different instruments.

The $50,000 account size entry fee is $295. On this account size, there is no profit target, minimum trading days, or drawdown limits. This account provides traders with the opportunity to receive greater payments and a way to get ready for Bright Funded's growth plans. At the same time, you can become able to control much larger accounts as well. The perfect customer for this job is a trader with strong discipline; such an individual can have a higher level of equity without letting emotions influence their decisions.

The $200,000 account size entry fee is $297. This account is for experienced traders who depend on trading. Traders can invest so much capital; traders can make a portfolio that includes forex, gold, stock indices, and cryptocurrency. For traders who are already doing well in trading but cannot get large amounts of money, this account is the best way to move faster and earn high returns. In addition, shortly after being authorized and starting to make money, Bright Funded's scaling scheme allows you to augment your capital, and the amount will depend on how well you perform.

Trading Platforms

Bright Funded is a partner with the DXtrade platform, created by Devexperts, which is a modern and advanced web-based platform. BrightFunded is the only one to promote the DXtrade trading platform created by Devexperts, which is a modern, web-based platform. In contrast to the majority of prop firms that use MetaTrader, BrightFunded has chosen DXtrade to provide a new, more comfortable, and reliable trade. DXtrade is a dual-purpose platform for traders, both beginners and professionals, featuring advanced charting tools, smooth order execution, and a minimal, user-friendly interface. It carries several classes like Forex, commodities, indices, and cryptocurrencies. This diversity leads to traders getting investment in various markets through a single window. The trading platform is available on desktop, web, and mobile, making it possible for traders to monitor and manage their trades at any time and from any place. BrightFunded's decision to work with DXtrade is a sure sign that the company strives to give a fast, transparent, and frictionless trading environment, free of the old platforms' limitations and latency issues.

Profit-Sharing

Bright Funded's plan for profit sharing that pays off handsomely is one such structure: 

Initial Profit Split: The trading company retains 80% of the gains that it generates, whereas the remaining 20% is taken by a firm. 

Scaling Plan: Bright Funded introduces an up-to-the-sky growth plan that allows traders to grow their account sizes based on their consistent performance. 

Along the scaling phases, the profit share of the trader can reach a peak of 100% profit share. 
This approach not only helps traders be profitable but also catalyzes long-term collaboration between them and the firm.

Drawdown Policies

BrightFunded puts a high priority on the management of risk, following very strict drawdown boundaries to make sure the trader and the firm's capital are safe: 
Maximum Daily Loss: 5% of the account balance. 
Maximum Overall Loss: 10% of the account balance. 
This way of operation is in effect for both the evaluation process and the funded trading period and is the best thing to do. The rules are aimed at maintaining trading discipline.

Trading Instruments

Bright Funded supports a wide range of instruments for trading and thereby allows traders to build a well-balanced portfolio, which is the most attractive thing for traders. These instruments are:

Forex Pairs: Major, minor, and exotic currency pairs. 
Commodities: Precious metals, energy products, and agricultural goods. 
Indices: Global stock market indices. 
Cryptocurrencies: More than forty cryptocurrencies, like Bitcoin and Ethereum. 
Bright Funded's proprietary trading platform is used as a direct-access platform that is built to be user-friendly and easy to use. There are multiple trading styles and strategies that the platform enables, such as trading Expert Advisors (EAs) and automated trading systems, but they need to be in line with the firm’s rules.

Why Is Bright Funded One of the Best?

Bright Funded is one of the best prop firms because of its trader-friendly rules, payment of our fair share, and the utilization of its newest technology, which is the DXtrade platform, which attracts the most attention. The traders can choose between these options: a funded account of a minimum of $5,000 and a funded account of up to $200,000. This method is good for both a new and an experienced trader. The firm’s scale plan scheme, evaluation fee, and 80% maximum profit share are also very appealing to those traders who wish to grow profit without taking excessive risks. Bright Funded has a special attention to the value of the transparency of the projects, as well as the rule of risk management and the rather smooth executing ability—the same essential elements that enter into the firm’s being one of the best in the proprietary trading industry.

Customer Support and Community

Bright Funded provides reliable customer support through live chat, email, and a ticketing system. Their qualified support team promptly forwards traders' inquiries and issues. They are highly trained in the field of trading and are the first to respond to customer complaints. Besides support, Bright Funded has a very active trading community on platforms like Discord, where traders can not only connect with other enthusiasts to share their ideas but also stay up to date on promotions, giveaways, and trading tips. This active and inclusive support network and community participation make Bright Funded much more than just a prop firm—it is a space for traders to learn, grow, and collaborate.

Is Bright Funded Legit? Can Traders Trust It?

Yes, Bright Funded is a legal prop trading firm, and its rules are transparent, and they have grown to be one of the reputable companies in the proprietary trading industry. Partnering with the reliable platform DXtrade, this firm provides very clear profit-sharing models, the evaluation is performed fairly and openly, and risk management rules are defined. The firm is made up of a vibrant trader community and is evenly manned by customer support, and they have a good case of real payments to funded traders. These traits make Bright Funded a trustworthy prop trading company for traders who want to trade funded accounts and double their money safely.

The Final Thoughts

Bright Funded is a reliable, trusted, and trader-focused proprietary trading firm that distinguishes itself by setting out rules that are clear and flexible funding rules in a trading account and the support DXtrade platform, with advanced tools. Besides, it enhances the firm’s appeal by its 100% profit-split model, which enables traders to clear conditions where the profit that one makes remains for oneself. Combined with impartial challenges for the evaluation, transparent risk management strategies, an aligned trading community, and responsive customer support, Bright Funded provides smart solutions for the traders to build their skills and income without putting their money on the line. If you are searching for a certified, assisting, and profit-oriented prop firm, Bright Funded deserves your consideration.