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Overview of Bright Funded Crypto Prop Firm

TheTrustedProp
Date: May 11, 2024

In the fast-paced world of finance, finding the right platform to hone your trading skills can be a daunting task. Enter Bright Funded, a game-changer in the trading industry. In this article, we'll take an in-depth look at Bright Funded, exploring its company details, evaluation process, and why you should consider joining this revolutionary platform.

Company Details

  • Name: Bright Funded
  • Legal Name: BrightFunded B.V.
  • CEO: Jelle Dijkstra
  • Founded: September 2023
  • Registered in: Schoolstraat 2 F, 1054KD Amsterdam, The Netherlands.

Bright Funded is not just another trading platform; it's a dynamic ecosystem designed to empower traders and provide them with unparalleled opportunities.

Evaluation Process

Bright Funded has a meticulous evaluation process that ensures traders are well-prepared for the challenges of the financial markets. This process is divided into three steps: Step 1, Step 2, and Step 3.

Step 1: The Challenge

  • Trading Period: Unlimited
  • Min. Trading Days: 5 Days
  • Max. Daily Loss: 5%
  • Max Overall Loss: 10%
  • Profit Target: 8%
  • BrightFunded Tokens: Yes

Step 1 is all about setting the stage. Traders are given the opportunity to showcase their skills while adhering to specific criteria.

Step 2: The Verification

  • Trading Period: Unlimited
  • Min. Trading Days: 5 Days
  • Max. Daily Loss: 5%
  • Max Overall Loss: 10%
  • Profit Target: 5%
  • BrightFunded Tokens: Yes

Step 2 is where traders' abilities are further tested. It's a crucial phase in determining their readiness for real trading.

Step 3: The Funded Star

  • Trading Period: Indefinite
  • Min. Trading Days: No limit
  • Max. Daily Loss: 5%
  • Max Overall Loss: 10%
  • Profit Target: No limit
  • BrightFunded Tokens: Yes

Step 3 is the culmination of the evaluation process. Here, traders have the chance to shine and achieve their full potential.

Account Sizes

Bright Funded offers various account sizes to cater to traders with different financial capabilities. These account sizes include $10,000, $25,000, $50,000, $100,000, and $200,000. No matter your starting point, Bright Funded has an option for you.

Why Choose Bright Funded?

So, why should you consider joining Bright Funded? Here are some compelling reasons:

  1. Overcoming Small Capital: Bright Funded provides you the opportunity to trade with a substantial initial balance, eliminating concerns about small capital.
  2. Risk-Free Trading: You're not risking your own money; Bright Funded covers the losses if things don't go as planned.
  3. Educational Resources and Support: Bright Funded offers extensive resources, including performance coaching and innovative trading applications, to help you enhance your trading skills.
  4. Trade2Earn Program: Bright Funded rewards traders not only for profits but also for trading activity through the innovative Trade2Earn program.
  5. Exclusive Trading Perks: Unlock perks such as lower profit targets and more drawdown with BrightFunded Tokens.
  6. Generous Scaling Plan: As you generate profits, Bright Funded increases your trading account size, ensuring both account growth and earnings.
  7. Access to Forex and Crypto Markets: Diversify your portfolio by trading in both Forex and Cryptocurrencies.
  8. Development Roadmap: Bright Funded is committed to innovation and transparency, sharing its development plans with traders.
  9. Initial Fee Reimbursement: Your initial fee is refunded with your first reward split, making your journey even more rewarding.

Criteria for the Evaluation Process

To become a Bright Funded Trader, you need to meet certain criteria:

  1. Trading Period: The maximum number of calendar days to complete each phase.
  2. Minimum Trading Days: Trade for at least 5 days during each phase; they don't need to be consecutive.
  3. Maximum Daily Loss: The maximum allowed loss in a single day, set at 5% of the initial balance for each phase.
  4. Maximum Loss: The absolute maximum loss allowed on your account, capped at 10% of the initial balance for each phase.
  5. Profit Target: Achieve the set profit target within the trading period.

Can I Trade News?

Absolutely! At Bright Funded, you have the freedom to trade during news events. The platform supports various trading strategies, including news trading. Just ensure your trading decisions align with your risk tolerance and trading plan.

Can I Use an EA (Expert Advisor)?

Yes, Bright Funded allows the use of Expert Advisors (EAs). EAs are integral to many traders' strategies. However, follow the platform's trading conditions and rules while using EAs, and regularly review their performance.

Holding Positions Over the Weekend

Bright Funded permits traders to hold positions over the weekend, providing flexibility for different trading styles. However, be aware of potential risks, including overnight fees and market fluctuations.

Do I Need to Close Positions Overnight?

No, Bright Funded doesn't require traders to close positions overnight. This flexibility caters to various trading strategies. But remember to consider potential risks and apply sound risk management.

In conclusion, Bright Funded is not just a trading platform; it's a supportive community that empowers traders to achieve excellence. With its unique features, educational resources, and flexibility, Bright Funded stands out in the trading industry. So, why wait? Launch into the new era of trading with Bright Funded!

FAQs

Bright Funded's Trade2Earn program rewards traders for both profits and trading activity, offering a unique way to earn.

Yes, Bright Funded allows the use of EAs, but traders must adhere to trading conditions and rules.

Holding positions over the weekend can expose traders to risks such as overnight fees and market fluctuations.

Bright Funded does not offer services to individuals below 18 years of age.

Bright Funded may exclude individuals with criminal records related to financial crime or terrorism or those who breach the BrightFunded Account Agreement.

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