BrightFunded

General Company Information

BrightFunded is a funding firm that leverages trading talent globally. With a rigorous evaluation process and proprietary technology, it offers access to funded accounts in an innovative and transparent way.

Its flexible and scalable model allows for skill development and growth in the markets. With professional support and commitment, BrightFunded is positioned as the ideal option for those looking to transform their trading experience.

Reviews

BrightFunded focuses on simplicity in its evaluation process, avoiding complications for both the company and traders. Its model is the classic two-phase model:

• Phase 1: Profit target of 10%.
• Phase 2: Profit target of 8%.

BrightFunded does not currently offer 1- or 3-stage evaluations or instant funding accounts.

Plans and currencies

One of BrightFunded’s most striking features is the ability to choose between three different currencies as your base account balance: USD, EUR, or GBP. While this doesn’t directly affect your transaction, it does allow you to optimize your registration fee based on the exchange rate.

| | Pluto | Mars | Venus | Neptune | Saturn | Jupiter | |-------------------|-------|-------|---------|---------|---------| | Balance in USD | $5k | $10k | $25k | $50k | $100k | $200k | | Balance in EUR | €5k | €10k | €20k | €40k | €80k | €160k | | Balance in GBP | £5k | £10k | £20k | £35k | £70k | £140k | | Price | €55 | €95 | €195 | €295 | €495 | €975 |

Each account type is named after a planet, referring to its size. However, the initial balance varies depending on the currency chosen. This can make a difference when it comes to maximizing the value of your investment based on the current exchange rate.

	Pluto	Mars	Venus	Neptune	Saturn	Jupiter
USD account ratio ($1 = €0.96)	87	101	123	163	194	197
EUR account ratio	91	105	103	136	162	164
GBP account ratio (1£ = €1.21)	110	118	124	144	171	174

In this table, you can see the balance-to-price ratio for each account in each currency. This ratio indicates how much € in balance you receive for each € paid for the assessment, with the higher the ratio being more favorable. The values in USD and GBP have been calculated using the current exchange rate, although this may vary over time, as may the optimal currency for each account.

Rules

News

There are no restrictions during the evaluation phases.

During the funded phase, trading within 5 minutes of a high-impact news story is prohibited. If this occurs, it is considered a minor infraction: your account will not be lost, but all profits earned during that period will be deducted.

This restriction applies to both the opening and closing of orders, whether market, limit, SL or TP.

Because this rule can be a hindrance to swing traders, it does not affect orders that have been open for 48 hours or more.

Below is a list of news items that are not tradeable and the affected currencies.

Weekend

There is no restriction on holding open positions over the weekend.

Stop Loss

The use of stop loss is not necessary.

Minimum days operated

There is a minimum of 5 days before moving on to the next phase, both in the first and second phases. There is an add-on for passing the test in a single day, which costs 15% of the base cost of the evaluation account.

Time limit

There is no time limit to pass either phase.

EA

The documentation states that EAs are allowed, however, the only platform available for trading is the BrightFunded Platform, which does not support EAs.

Martingale and Grid

Using grid strategies is not allowed.

There are no explicit restrictions on martingale-type strategies, in which the position size increases when the price moves against you.

Hedging

Hedging across multiple accounts is not permitted, whether at BrightFunded or other companies.

Hedging is permitted on the same account to control the risk of a position.

Account Merger

• Only funded accounts can be merged, not evaluation accounts.

• They must have the same add-ons.

• The sum of the accounts must give an account size that is available in BrightFunded.

• Accounts must be without trades, either because they have just been created or because a payment has just been received.

Maximum capital

$200k

Prohibited Practices

BrightFunded allows a variety of trading strategies as long as they comply with its rules and reflect real-world market conditions. However, it prohibits strategies such as:

• Improper hedging.

• Exploitation of service errors, such as delays in price updates.

• Using external or slow data feeds to gain an advantage.

• Market manipulation through coordination with other accounts or opposing positions.

• Operate against the terms of the platform or provider.

• Use of advanced software, AI, or high-frequency trading to gain unfair advantages.

• Trading during important news events.

• Practices contrary to market standards, such as overleveraging, overexposure, one-way bets, and “account rolling” (resetting accounts to evade evaluation).

• Abusive strategies, such as Grid Trading, HFT, Tick Scalping, Negative Margin Trading, or Arbitrage.

BrightFunded requires that trading reflect real-world market conditions. Failure to comply may result in account suspension or closure.

Since the rules are a critical point, I recommend that you read the BrightFunded rules firsthand in their documentation.

Total Maximum Drawdown

The maximum total drawdown is always 10% of the initial account balance. This includes all currencies and account sizes.

The total maximum drawdown rate is static, meaning it is set based on the initial balance and never changes.

Maximum daily drawdown

The maximum daily drawdown is always 5% of the account balance at the beginning of the day. This includes all currencies and account sizes.

Copy Trading

Copying trades from signal groups or other people is not permitted. It’s fine to make the same entries as in other accounts of the same trader.

Inactivity

There is no mention in BrightFunded’s documentation about account closure due to inactivity.

Characteristics

Scaling

BrightFunded offers a scaling program designed to reward trader consistency and profitability. Every 4 months, qualifying traders can receive a 30% boost to their account equity, with no maximum account size limit.

To qualify for scaling, traders must have earned a total profit of more than 10%, maintain at least 2 positive months within the evaluation period, have received at least 2 payments, and maintain a positive balance.

In addition to capital growth, profit-sharing conditions progressively improve. In the first escalation, the trader receives 90% of the profits, and upon reaching the third escalation, they receive 100% of the profits generated.

This program encourages sustained growth and rewards the most consistent traders with greater resources and better conditions.

Addons

Traders have the option to improve their trading conditions through a series of additional benefits, each with an associated cost percentage. These benefits allow for greater flexibility, profit optimization, and improved trading conditions.

Traders can choose from the following upgrades:

• No SWAP fees (+10%): Operations free of overnight financing costs.

• Payment every 14 days (+15%): Reduction in the time between withdrawals to access benefits faster.

• Payment every 7 days (+25%): Higher payment frequency for more efficient capital management.

• 100% Refund (+10%): Full recovery of the evaluation cost after successful completion of the process.

• No minimum number of days to pass the evaluation (+15%): Allows you to pass the evaluation without time restrictions, based solely on meeting the objectives.

• Improved Profit Share 90/10 (+20%): Increased trader’s profit share from the start.

Refund

BrightFunded offers refunds for the Challenge fee if no transactions have been made on the account. To request a refund, please contact the Customer Support team via live chat on their website. Once processed, the refund is issued within 24 hours and arrives within 3 to 10 business days, depending on the payment method used.

Medium

BrightFunded offers 24/7 support via Discord, WhatsApp, and email, ensuring traders always have a channel available to resolve their issues.

In my personal experience, the support team has been very positive. Although they’ve sometimes been a bit slow to respond, they’ve always done so with a positive attitude and resolved questions efficiently.

Technical data

Broker

BrightFunded is not a broker, nor is it affiliated with one. Its platform operates through a data provider, which connects to an aggregated market feed from its partner’s major liquidity providers.

For this reason, it is not possible to open a trading account or trade live markets directly with BrightFunded. Its focus is on evaluating and funding traders, replicating trades in real market conditions without acting as a financial intermediary.

Platforms

At this time, BrightFunded only allows trading through its proprietary software, which is available in both web and mobile versions.

The platform works acceptably, and any trader with some experience will be able to get used to it in no time.

Instruments

We have the classic CFD instruments available: currencies, commodities, indices, and cryptocurrencies.

The selection is quite extensive and offers less typical instruments such as exotic currency pairs, European indices, rare metals, and a large number of cryptocurrencies.

You can find here the full list of instruments currently available.

Leverage

Different levels of leverage depending on the type of asset traded:

• Forex (FX): 1:100

• Gold and raw materials: 1:40

• Indexes: 1:20

• Cryptocurrencies: 1:5

Commissions

• Forex (FX): $3 per lot

• Gold and commodities: No commission

• Indexes: 0.024% of the volume (0.012% per side)

• Cryptocurrencies: 0.0010% of the volume

Demo account

We offer a demo account to test the platform, verify spreads, slippage, and trading conditions before trading on a live account. Access the trading platform at: trade.brightfunded.com

• User: Magic_BF

• Password: BF_Magic123!

IP Restriction

BrightFunded allows the use of VPN/VPS or different IP addresses for trading, understanding that many traders need mobility.

However, it is strictly prohibited for anyone other than the account owner to use the Challenge or Funded Account. As long as the registered trader is the one operating the account, there are no restrictions on the use of different IP addresses.

Restricted Countries

BrightFunded restricts access to its platform and the purchase of Challenges to individuals who reside in, or are nationals of, certain countries. Currently, the list of restricted countries includes:

• Cuba

• Iran

• North Korea

• Syria

• Vietnam

Trade2Earn

BrightFunded’s Trade2Earn program is an initiative designed to reward traders for their activity, regardless of whether the trades result in profit or loss. Through this system, traders accumulate BrightFunded Tokens, which they can redeem for various benefits, such as additional add-ons and evaluation accounts.

Token accumulation

Each trade made, whether positive or negative, contributes to the accumulation of tokens, encouraging continued participation. The number of tokens earned depends on the trading volume and the type of financial instrument:

• Forex, indices and commodities: 0.2 tokens for every $100,000 of trading volume.

• Cryptocurrencies: 0.2 tokens for every $20,000 of trading volume.

Note: These values are subject to future changes according to BrightFunded policies.

Available Benefits

The accumulated tokens can be exchanged for various perks, including:

• Add-ons
• Discounts
• Evaluation accounts

Some perks are not available for purchase with cash, but only through tokens, offering exclusive advantages to the most active traders.

It’s also important to note that only one perk can be applied per account, which requires strategic management of the tokens and perks selected.

Web

The BrightFunded website stands out for its attractive design and intuitive navigation structure, allowing users to quickly access the most relevant information. The platform is available in several languages, including English, Polish, Spanish, and German, expanding its accessibility to an international audience.

Documentation

BrightFunded’s documentation features a traditional design, focusing on simplicity and clarity, avoiding unnecessary complexity in the presentation of plans or rules. The content is direct, precise, and effective in resolving questions.

Documentation is available in English, Spanish, and Arabic, catering to a diverse user base.

Dashboard

The BrightFunded dashboard features a well-structured design and quick responsiveness, providing a great user experience.

It includes features such as applications, payments, billing, challenge information, affiliate programs, and support contact, centralizing the tools necessary for effective account management.

Discounts available

When purchasing a new evaluation, we are shown the different limited codes available at that time.

Academy

The documentation mentions the Trading Academy, a useful section for learning about trading with basic and advanced videos. Currently, they only have two videos explaining how to use their platform.

The company is quite young, so it’s understandable that there’s still a lot left to do. I hope you’ll have more useful content in this section soon.

Deposits and withdrawals

Withdrawal Conditions

The first withdrawal can be requested 30 days after the first transaction on the funded account. After that, withdrawals are available every 14 days.

There is no minimum withdrawal amount; any winnings, no matter how small, can be withdrawn.

Withdrawal Methods

• Cryptocurrencies: USDC on the ERC-20 network.

• Bank transfer: Through Wise.

Deposit Methods

• Cryptocurrencies

• Bitcoin (Bitcoin Network)

• Bitcoin (Lightning Network)

• USDT (Tron Network)

• USDC (ERC-20 Network)

• Ethereum (ERC-20 Network)

• Litecoin (Litecoin Network)

• Tron (Tron Network)

• Solana (Solana Network)

Add-ons

BrightFunded offers several optional add-ons that can be purchased during the registration process:

• Payment every 14 days: Allows withdrawals every two weeks, with an additional cost of 15%.

• Weekly payment: Facilitates weekly withdrawals, increasing the cost by 25%.

My opinion on BrightFunded

What I like the most

• The simplicity of their evaluation offering. There are already plenty of funding companies offering all types of accounts. As a trader, I prefer each company to specialize in one type of account and do it well. I also understand that this way it should be much easier to have an A-Book with the best traders, and therefore the company’s interests are more aligned with those of the traders.

• The Trade2Earn program is probably my favorite feature of BrightFunded. You can buy literally anything with the tokens you accumulate, and it can make trading them profitable even if you can’t withdraw.

• The option to choose between multiple currencies for the base account balance. This provides a little extra flexibility when it comes to maximizing your registration fee.

• The static total maximum drawdown is always more than welcome and is a great advantage when it comes to maintaining a healthy account.

What I like least

• The only platform available is their own. For me, and I think for many other traders, this can make the difference between choosing BrightFunded or not.

• The academy is empty of content. It’s a bit disappointing to see it like this when it’s being promoted as something very different. I hope this improves in the future.

• The news rule is quite restrictive. This is relatively common in the industry, but I still don’t think this is an acceptable way to solve it. The 48-hour exception isn’t a sufficient solution for many swing traders.