BrightFunded Review

4.7 / 5 3 reviews
3.8 / 5 CPT rating
https://brightfunded.com/
Pros
  • Fast Payouts: Quick processing, usually completed within 4 to 8 hours, with bi-weekly withdrawal options after the first month.
  • Extensive Instrument Selection: More than 150 instruments available, covering forex, indices, commodities, metals, and over 40 cryptocurrency pairs.
  • Flexible Account Sizes: Account choices range from $5,000 to $200,000, with the possibility to scale up to $400,000 or more.
  • Loyalty Rewards: The Trade2Earn program enables traders to earn tokens for redeeming trading perks and discounts.
  • Choice of Trading Platforms: The proprietary BrightFunded platform and the advanced cTrader platform are available.
  • Global Accessibility: Available worldwide, including in the US, and supports bank and crypto (USDT) transactions.
  • Clear Fee Structure: Transparent outline of all fees, including evaluation and optional add-ons.
  • Educational Support: A wealth of resources is offered, including trading guides, webinars, and daily market insights.
Cons
  • Crypto Pair Limitations: Despite offering over 40 pairs, the selection may seem narrow compared to specialized cryptocurrency platforms.
  • Additional Feature Costs: There are extra fees for premium features, such as quicker payouts, access to cTrader, and increased profit splits.
  • No Demo Account: Users face a mandatory evaluation fee, as there is no free trial or demo account available.
  • Strict Risk Rules: There are clear limitations on daily and total drawdowns, news trading, and overnight positions.
  • Single Evaluation Model: Offers only a two-step evaluation process, which could be limiting for certain trading strategies.
  • Unregulated Status: It operates without formal financial regulation but adheres to KYC and AML requirements.
  • Inactivity Fees: Inactive accounts incur applicable charges.
BrightFunded strongly attracts traders looking for a transparent, swift, and versatile prop trading environment. It stands out thanks to its efficient payouts, extensive selection of trading instruments, and beneficial loyalty programs that allow traders to grow without risking their own money. The ability to choose between proprietary and advanced cTrader platforms, along with account customization, offers traders significant flexibility. BrightFunded’s commitment to transparency, trader education, and responsive customer service makes it appealing for both beginners and seasoned traders. However, it is important for traders to carefully evaluate the related fees and strict regulations before making a decision.
Who Are BrightFunded
BrightFunded is a proprietary trading firm that allows traders to engage with simulated funds and share in the profits generated in real market conditions. The firm utilizes a two-step evaluation process wherein traders showcase their skills, and upon successful completion, they gain access to funded accounts. BrightFunded emphasizes transparency, quick payouts, and a wide array of trading instruments such as forex, indices, commodities, and cryptocurrencies. Additionally, the company offers a proprietary trading platform alongside cTrader, catering to diverse trading preferences worldwide. BrightFunded serves traders of all experience levels by providing various account sizes and customizable options.
Trading Capital
Price
$200,000
€975
$100,000
€495
$50,000
€295
$25,000
€195
$10,000
€95
$5000
€55
Trading Platforms
cTrader
DXtrade
Deposit Methods
Withdrawal Methods
Account Size
$200,000
$100,000
$50,000
$25,000
$10,000
$5000
Tradable Instruments
Cryptocurrencies
Forex
Indices
Commodities
Rules
Minimum Trading Days: You must trade at least 5 days during both the Challenge and Verification phases (days do not need to be consecutive)
Challenge Phase: 8% profit target
Verification Phase: 5% profit target
Maximum Daily Loss: 5% of the initial balance per day. If exceeded, the account is breached and terminated. This limit resets daily between 11:30 PM CET and 11:59 PM CET, during which trading is not allowed
Maximum Overall Loss: 10% of the initial account balance at any time. Breaching this level results in account termination
Prohibited Strategies: Hedging, Exploiting service errors or delays in price feeds, Manipulative trading (e.g., placing opposite positions in multiple accounts), Use of AI, ultra-high-speed trading, mass data entry to gain unfair advantage, Grid trading, high-frequency trading (HFT), tick scalping, arbitrage, negative margin trading, and any non-market reflective strategies, News Trading,
Account Currencies
USD
Incorporation
September 2023
CEO
Jelle Dijkstra
Trading capital up to
Scaling plan up to
$400,000
https://brightfunded.com/
3.8 Overall Rating
Fees Rating
Trading Platforms Rating
Deposit & Withdrawal Rating
Customer Support Rating

Customer Reviews

pretty good firm...

pretty good firm

julius
love this firm...

love this firm

tomas
Great firm, i...

Great firm, i like that they have MT5

jAN

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