Company Information

• Company Name: FundedBull
• Company Legal Name: RateRight Pte. Ltd.
• Company Registration No.: 049422
• Operating Since: July 4, 2024
• CEO Name: Desimir Paskalev

Challenge Details

FundedBull offers three challenge account types: 1 Step, 2 Step, and 3 Step Challenges. Each challenge is designed to evaluate a trader's skills while ensuring strict adherence to risk management rules. Here's a detailed breakdown:

1 Step Challenge

Pricing:

• Size: $1,000 – $39
• Size: $5,000 – $48
• Size: $10,000 – $88
• Size: $25,000 – $160
• Size: $50,000 – $280
• Size: $100,000 – $512
• Size: $250,000 – $1,240

Rules:

• Profit Target: 9%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 90%
• Drawdown Type: Trailing-based drawdown
• Time Limit: Unlimited
• Leverage: 50:1
• Max Lot Size: N/A
• Payout Frequency: Every 7 days
• Allows Copy Trading: No
• Min Trading Days: 5

1 Step Lite Challenge

Pricing:

• Size: $1,000 – $12
• Size: $5,000 – $32
• Size: $10,000 – $59
• Size: $25,000 – $99
• Size: $50,000 – $189

Rules:

• Profit Target: 9%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 50%
• Drawdown Type: Trailing-based drawdown
• Time Limit: Unlimited
• Leverage: 50:1
• Max Lot Size: N/A
• Payout Frequency: Every 7 days
• Allows Copy Trading: No
• Min Trading Days: 5

2 Step Challenge

Pricing:

• Size: $5,000 – $44
• Size: $10,000 – $80
• Size: $25,000 – $152
• Size: $50,000 – $272
• Size: $100,000 – $496
• Size: $250,000 – $1,200

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 5%
• Total Loss: 8%
• Daily Loss: 4%
• Profit Share: 90%
• Drawdown Type: Balance-based drawdown
• Time Limit: Unlimited
• Leverage: 50:1
• Max Lot Size: N/A
• Payout Frequency: Every 7 days
• Allows Copy Trading: No
• Min Trading Days: 5

3 Step Challenge

Pricing:

• Size: $5,000 – $40
• Size: $10,000 – $72
• Size: $25,000 – $144
• Size: $50,000 – $264
• Size: $100,000 – $480
• Size: $250,000 – $1,120

Rules:

• Profit Target (Phase 1): 6%
• Profit Target (Phase 2): 6%
• Profit Target (Phase 3): 6%
• Total Loss: 7%
• Daily Loss: 4%
• Profit Share: 90%
• Drawdown Type: Balance-based drawdown
• Time Limit: Unlimited
• Leverage: 50:1
• Max Lot Size: N/A
• Payout Frequency: Every 7 days
• Allows Copy Trading: No
• Min Trading Days: 5

Scaling Plan

Currently, FundedBull does not offer a scaling plan.

Spreads and News Trading Rules

Spreads:

FundedBull offers competitive spreads as low as 0 pips, ensuring cost-efficient trading for its users.

News Trading Rules:

News trading is allowed by FundedBull but trading is prohibited 5 minutes before and after any major news events. Traders can use FundedBull’s Economic Calendar which is provided in the dashboard to stay informed about upcoming events and their potential impact on specific assets.

Other Important Rules

Daily Drawdown Calculation:

FundedBull calculates Daily drawdown based on the higher of the account's equity or balance at the end of each day. The drawdown type used here is Equity Based Drawdown, By which the drawdown limit will keep changing each day based on the PnL on the account, resulting in increase or decrease of the daily drawdown limit.

Countries Banned from Purchasing:

FundedBull services are not available for residents of the following countries:

• Pakistan
• Russia
• Cuba
• Sudan
• Somalia
• Iran
• Lebanon
• Syria
• Libya
• Vietnam
• North Korea
• Belarus
• Myanmar
• Central African Republic
• Democratic Republic of the Congo
• Ethiopia
• Hong Kong
• Iraq
• Nicaragua
• South Sudan
• Venezuela
• Yemen.

Gambling Rules:

Traders are not allowed to trade with strategies which encourage poor risk management :-

• High-Leverage Trading
• All-In Trading
• Martingale

Prohibited Trading Strategies:

FundedBull prohibits the following trading strategies to maintain fairness on their platform:

• Exploitation of service errors
• External or Slow Data Feeds
• High Frequency Trading(Both EA and Manually)
• Mass Data Entry
• Any kind of Arbitrage trading 
• Copy trading from someone else's account
• Account Management Services
• Account Passing Services
• Group trading
• Insider trading
• Market manipulation (e.g., front running, wash trading)

Payout Methods:

FundedBull offers their payouts exclusively via Cryptocurrencies.

Trading Commissions:

Trading commissions charged by FundedBull starts from as low as $0.

IP Rule:

FundedBull does not allow traders to trade using multiple IP Address but traders can get the approval if they communicate with FundedBull before purchasing a challenge.