Bit Funded Trader, legally known as BitFX (Pty) Ltd., is a Cape Town-based proprietary trading firm founded by actuaries. The company partners with skilled traders, offering them the chance to trade up to $200,000 and retain up to 95% of the profits. Bit Funded Trader employs a unique two-step evaluation process to test and verify trading skills. Traders who pass these challenges receive a BFT account and become part of the BFT trading community. The firm also offers a one-step challenge with stricter criteria, allowing faster access to trading accounts.
Bit Funded Trader emphasizes fair trading objectives, requiring traders to meet specific goals to ensure risk management and skill demonstration. Add-on features such as Profit Enhancement, Equity Movement Daily Loss, and Equity Protector are available to enhance trading experience and safeguard against losses. The firm ensures trustworthy and transparent operations by adhering to strict ethical standards and using actuarial modeling skills to optimize financial stability.
With fast payout processing, usually within 24 business hours, Bit Funded Trader ensures traders have timely access to their profits. The firm utilizes the advanced MetaTrader 5 platform, providing traders with robust tools for navigating dynamic financial markets. Additionally, the optional equity movement daily loss feature ensures that unrealized losses from previous days are not carried forward, promoting fair and transparent trading.
Bit Funded Trader’s co-founders, Nicolaas van Burick and Tinus Bergakker, bring extensive experience from the life insurance industry, leveraging their actuarial and modeling expertise to develop machine learning algorithms for automated FX trading. Their passion for the trading community drives their mission to build long-term partnerships with skilled traders, offering opportunities for growth through a scaling plan that increases account balances based on consistent profitability.
