About BrightFunded

Brightfunded is a crypto focused prop firm. BrightFunded is a prop trading firm that offers traders the chance to access significant capital without risking their own money. With a transparent two-phase evaluation process, traders can prove their skills and earn funded accounts with profit-sharing of up to 80%. The firm also offers a generous scaling plan, allowing traders to grow their accounts to $400,000. Known for its flexibility, no time limits, and unique Trade2Earn program, BrightFunded provides a supportive platform for both new and experienced traders to succeed.

 

Company Information

BrightFunded B.V. is a Netherlands-registered prop firm, offering traders the opportunity to manage capital of up to $200,000. With a focus on democratizing access to larger trading accounts, BrightFunded has created a streamlined process for evaluation and scaling.

• Legal Name: BrightFunded B.V.
• Company Number: 89766474
• Country of Registration: Netherlands (NL)
• CEO: Jelle Dijkstra
• Support Email: [email protected]
• Website: BrightFunded.com
• Phone: Not available
• Payment Modes: Crypto, Credit/Debit Card
• Withdrawal Methods: Crypto, Wire Transfer/Bank Transfer

Podcast Mention

Don't miss our interview with the CEO of BrightFunded on our podcast, where we discuss the company's vision and the future of prop trading!

 

Company Legal Name

• Company Legal Name: BrightFunded B.V.
• Company Registration Number: 89766474

BrightFunded operates under the legal jurisdiction of the Netherlands, giving it a solid regulatory foundation.

 

Background

BrightFunded was designed with traders in mind, offering evaluation challenges that allow you to prove your trading skills and get funded. The firm is gaining popularity thanks to its transparent rules, generous scaling plans, and commitment to supporting its traders through various rewards and perks.

 

Challenge Details

BrightFunded offers a Two Phase Challenge, allowing traders to prove their trading skills without the pressure of real money. Upon passing the challenge, traders can receive a profit split and have access to funded accounts. Here’s a closer look at the details:

 

Types of Challenges

BrightFunded currently offers a Two Phase Challenge.

 

A Basic Overview

BrightFunded’s evaluation process consists of two phases, giving traders the opportunity to manage accounts ranging from $5,000 to $200,000.

 

One Phase Challenge

While BrightFunded doesn't offer a one-phase challenge, it does give you two stages to qualify for funded accounts. You can trade without rushing since there are no time restrictions, but you must stick to the defined rules to avoid disqualification.

Things to Include

Challenge Details

• Size Options:
  • $5,000 ($55)
  • $10,000 ($95)
  • $25,000 ($195)
  • $50,000 ($295)
  • $100,000 ($495)
  • $200,000 ($975)
• Rules:
  • Profit Target: 8% in Phase 1, 5% in Phase 2
  • Total Loss: 10% maximum drawdown
  • Daily Loss: 5% daily limit
  • Profit Share: 80% for traders, can be increased to 100% through scaling
  • Drawdown Type: Balance-based drawdown
  • Time Limit: No time limit for each phase
  • Leverage: 1:100 for Forex, 1:40 for commodities, 1:5 for crypto
  • Max Lot Size: Not disclosed
  • Payout Frequency: Bi-weekly (14 days), can be upgraded to weekly
  • Allows Copy Trading: Yes, copy trading is permitted
  • Minimum Trading Days: 5 trading days per phase

 

Scaling Plan

BrightFunded offers a comprehensive scaling plan to help you grow your account over time. Here's how it works:

• Max Allocation: $200,000
• Scaling Potential: Scale your account up to $400,000
• Rules for Scaling:
  • You must be profitable for at least two out of four months.
  • Your overall profit must be at least 10%.
  • At least two payouts must be processed during the four-month period.
  • Your account must be at breakeven or in profit at the time of scaling.

If you meet these conditions, your account size increases by 30% every four months, with no upper limit for scaling.

 

Spreads

BrightFunded offers highly competitive spreads, thanks to direct data feeds from liquidity providers. This ensures you get the most accurate pricing and minimal slippage.

 

News Trading Rules

BrightFunded allows news trading during both phases of the challenge but restricts it on funded accounts during major news releases. You are not allowed to open or close positions within a 10-minute window around significant news events.

 

Other Things to Keep in Mind

How Is Daily Drawdown Calculated?

Daily drawdown is calculated based on your account balance at the start of the day. You cannot lose more than 5% of your balance within a single trading day, and the drawdown resets at the end of each trading day.

 

Countries Banned from Purchasing

BrightFunded does not provide services to residents of certain countries due to international sanctions, including:

• Belarus
• Cuba
• Iran
• Myanmar
• North Korea
• Russia
• Sudan
• Syria
• Ukraine (regions of Crimea, Donetsk, Kherson, Luhansk, Zaporizhzhia)
• Vietnam

 

Gambling Rules

Gambling or any form of market manipulation is strictly prohibited. Traders must follow fair trading practices and avoid unethical strategies.

 

Strategies That Are Not Allowed

BrightFunded prohibits the following trading strategies:

• Hedging between two different accounts
• Using negative margin
• Grid trading
• High-frequency trading (HFT)
• Exploiting market inefficiencies like price feed delays

 

Payout Methods

BrightFunded offers flexible payout options including:

• Crypto: Bitcoin, Ethereum, USDT
• Wire Transfer/Bank Transfer: Via Wise or other similar services

 

Trading Commissions

Commissions at BrightFunded vary depending on the asset:

• Forex: $3 per lot
• Crypto: 0.024% per trade volume
• Commodities: 0.0010% per volume

 

IP Rules

BrightFunded allows the use of VPNs or VPS for traders who travel frequently. However, it is crucial that the account holder is the one conducting the trades. Sharing accounts or using someone else’s IP is strictly prohibited.