About BFX Funding

Company Information

Company Name: BFX Funding
Support Email: [email protected]

Challenge Details

BFX Funding offers two main challenge types: 1-Step Challenge and Instant Funding. Both are designed to assess your trading skills and reward successful traders with real accounts and profit splits. Let’s dive into the specifics of each challenge.

1-Step Challenge

Pricing:

• $5,000 Account: $59
• $15,000 Account: $119
• $30,000 Account: $239
• $50,000 Account: $489
• $150,000 Account: $989
• $400,000 Account: $1,899

Rules:

• Profit Target: 10%
• Total Loss (Max Drawdown): 7%
• Daily Loss: 4%
• Profit Share: 80%
• Drawdown Type: Balance-based drawdown
• Time Limit: Unlimited
• Leverage: 1:100
• Max Lot Size: Not specified
• Payout Frequency: Every 15 days
• Allows Copy Trading: Yes
• Min Trading Days: None

Instant Funding Challenge

Pricing:

• $2,500 Account: $95
• $5,000 Account: $186
• $10,000 Account: $347
• $25,000 Account: $547

Rules:

• Profit Share: 80%
• Maximum Daily Loss: 3%
• Maximum Overall Loss: 6%
• Drawdown Type: Balance-based drawdown
• Time Limit: Unlimited
• Leverage: 1:100
• Max Lot Size: Not specified
• Payout Frequency: Every 15 days
• Allows Copy Trading: Yes
• Min Trading Days: None

Scaling Plan

BFX Funding offers a scaling plan only for $400,000 account and to be eligible, traders must have to make at least 1% profit withdrawal in their funded account. After each withdrawal, the account size will increase by $100,000 and will go up to $1.5 million.

Spreads and News Trading Rules

Spreads:

BFX Funding offers incredibly tight spreads with 0 commissions and 0 swaps. For major pairs like EURUSD and GBPUSD, the spread is zero or close to zero. Similarly, for gold (XAAUSD), you can expect nearly zero spreads. For other pairs, spreads are also minimal, ensuring traders get the most favorable trading conditions.

News Trading Rules:

BFX Funding allows traders to trade news events during the challenge phase, giving traders the flexibility to take advantage of market volatility. However, once the trader pass the challenge and receive a funded account, news trading becomes restricted. Traders are prohibited from opening or closing trades before or after major news events due to the potential for slippage and volatile price movements.

Other Important Rules

Daily Drawdown Calculation:

Your daily drawdown is set at 4% of your initial account balance. This means, at any given moment of the day, losses should not exceed 4% of your starting balance, keeping your risk in check and ensuring you don’t over-leverage your positions.

Countries Banned from Purchasing:

At this moment, BFX Funding hasn’t disclosed a specific list of banned countries, but it’s always a good idea to check with support to confirm eligibility based on your location.

Prohibited Trading Strategies:

BFX Funding has not mentioned any prohibited trading strategies and allow traders to trade the way they want.

Payout Methods

BFX Funding offers 2 payment methods and prides itself payments are typically processed in under 5 hours. These payment methods are : 

• Wise
• Cryptocurrency - BTC or ETH

Trading Commissions

BFX Funding does not charge any commission whatsoever on any currency