BrightFunded Review

BrightFunded is a prop firm that gives traders room to grow with some generous conditions. They offer account scaling up to $400,000, with perks like no time limits, swap-free options, and tight spreads. This setup creates a flexible and supportive environment that many traders will appreciate.

One unique feature they’ve rolled out is Trade2Earn, where you earn tokens for each trade that you can redeem for perks. It’s a nice way to add extra rewards to your efforts. They’re also quick with payouts and have clear, transparent rules, making it easier to focus on trading goals. BrightFunded’s mix of benefits and trader-friendly policies makes it worth a look, especially if you’re after fast payouts and flexible trading.

About BrightFunded

BrightFunded is a prop trading firm focused on creating a transparent and supportive environment for traders at all levels. Their approach includes a unique Trade2Earn program, where traders earn tokens with each trade that can be exchanged for exclusive perks. This gamified model is part of BrightFunded’s mission to empower traders worldwide.

Built on transparency, innovation, and community support, BrightFunded offers flexible scaling options, no time limits, and some of the tightest spreads in the industry. They also provide educational resources to help traders grow over the long term, a welcome touch for those looking to improve their skills.

The BrightFunded team brings experience from top global tech firms and financial institutions, ensuring high-quality technology and a solid trading infrastructure. Traders can access over 150 instruments, including more than 35 crypto pairs, and can scale their accounts indefinitely while keeping up to 100% of their profits. With fast payouts, dedicated support, and continuous rewards, BrightFunded offers a well-rounded, trader-friendly experience.

Funding Program Options

BrightFunded offers a flexible range of funding programs to suit traders at any experience level. Whether you’re an experienced trader or just starting out, their options provide the capital and tools to elevate your trading experience.

1-Step Evaluation

This program is ideal for traders who want to fast-track their funding. With just one evaluation phase, you can access up to $400,000 in starting capital by reaching the profit target. There are no time limits, allowing you to trade at your own pace, and you can keep 80% to 100% of your profits once funded. It’s designed for simplicity, offering quick access to substantial capital with minimal steps.

• Profit Target: Reach the goal in Phase 1 to qualify
• Max Capital: $400,000
• No Time Limit: Unlimited trading days for added flexibility
• Profit Share: Up to 100% after scaling

2-Step Evaluation

For traders preferring a more gradual approach, the 2-Step Evaluation requires passing two phases to qualify for funding. It has a more relaxed profit target than the 1-Step program but still offers up to $400,000 in starting capital. This structured process suits traders who want a bit more time to prove themselves before accessing larger funds.

• Phases: Complete Phase 1 and Phase 2 to qualify
• Max Capital: $400,000
• Unlimited Trading Days: No rush to meet tight deadlines
• Profit Share: Up to 100% at top scaling levels

Scaling Plan

BrightFunded also offers a generous scaling plan to reward consistent success. Once funded, you can grow your account size by regularly hitting profit targets, with no limit to how high your account can scale. This allows traders to access larger capital over time, with profit splits starting at 80% and scaling up to 100%.

• Profit Split: Begins at 80%, increasing to 100%
• Unlimited Capital Scaling: No cap on how large your account can grow

BrightFunded’s funding programs prioritize accessibility, flexibility, and growth, allowing traders to manage risk, control their progress, and expand their accounts as they succeed.

Fees

BrightFunded offers a 3-step evaluation process with fees that vary based on the chosen account size, providing flexible options for traders aiming to scale up their capital. This setup balances affordability with competitive funding opportunities.

• Funding Size Range: $5,000 to $200,000
• Fee Range: €55 to €975

Each phase of the evaluation has specific profit targets and risk management criteria. The evaluation fee is a one-time, refundable cost, which you get back once you complete all steps successfully.

Tradable Assets

BrightFunded gives traders access to over 150 tradable instruments, supporting a range of strategies and preferences. Here’s what they offer:

Forex

Trade major, minor, and exotic currency pairs, from highly liquid pairs like EUR/USD to more volatile exotic pairs. This selection provides options for different trading styles, from conservative to high-risk strategies.

Indices

Trade global indices, including the S&P 500, Dow Jones, and FTSE 100, allowing traders to speculate on the performance of entire markets. It’s a solid choice for diversifying a portfolio and taking positions on broader economic trends.

Commodities

BrightFunded includes popular commodities like gold, silver, and energy products like crude oil. These assets are ideal for those looking to hedge against currency volatility or find safe-haven options during economic uncertainty.

Cryptocurrencies

With over 35 crypto pairs, including Bitcoin and Ethereum, traders can tap into one of the most dynamic markets. The range of crypto options allows for flexibility and the chance to engage with rapidly shifting trends.

This wide asset selection ensures that traders can find diverse opportunities to suit different strategies and changing market conditions.

Restrictions

BrightFunded’s trading guidelines aim to create a balanced environment that promotes both flexibility and integrity. Here’s a breakdown of the rules traders need to follow across different account phases:

Phase 1 & 2 News Trading Rules

During Phase 1 and Phase 2, traders can freely trade around news events with no restrictions. This means traders are welcome to use news-based strategies to take advantage of market volatility during these stages.

Funded Star Account Restrictions

Once you reach Funded Star status, specific restrictions apply during major news events. Traders are not allowed to open or close trades within a 10-minute window around significant news releases (5 minutes before and 5 minutes after). Violating this rule results in profit deductions but not account termination, as this is considered a “soft breach.” Losses during this period, however, will not be reimbursed.

48-Hour Exception for Swing Traders

For traders holding positions for at least 48 hours, take-profits triggered during the restricted news window are exempt. This exception gives swing traders the flexibility to maintain long-term positions without penalty.

Prohibited Trading Strategies

BrightFunded enforces strict policies against certain strategies to keep trading fair and consistent. These include:

• Exploiting Demo Inefficiencies: High-frequency trading (HFT), arbitrage, and tactics exploiting delayed price feeds are forbidden.
• Cross-Account Hedging: Using multiple accounts to hedge trades against each other is not allowed.
• Automated Trading (EAs): Expert Advisors are permitted but must adhere to all risk management rules. Any EA that violates loss limits will be reviewed for possible disqualification.

Additional Restricted Activities

• Negative Available Margin: Trading beyond the available margin or exploiting technical issues is prohibited.
• Service Error Exploits: Using system errors or platform delays to gain an advantage is not allowed.
• Artificial Market Manipulation: Engaging in trades designed to skew results or using multiple accounts for opposing trades is strictly banned.

These guidelines help ensure fair competition and maintain the platform’s integrity across all evaluation phases and live trading.

Challenge

BrightFunded offers a straightforward, competitive challenge to assess a trader’s skills while allowing room for growth. The challenge consists of three phases, each with unique requirements to ensure traders demonstrate solid risk management and trading discipline.

Phase 1

In the first phase, traders must hit specific profit targets under strict risk guidelines. This phase is the most challenging, focusing on discipline under pressure. There’s no time limit, so traders can progress at their own pace. Hitting the profit target moves them on to Phase 2.

• Profit Target: $8,000 (based on a $100,000 account)
• Max Daily Loss: $5,000
• Max Overall Loss: $10,000
• Minimum Trading Days: 5

Phase 2

The second phase eases the profit target but still emphasizes disciplined trading. This phase is designed to verify the consistency shown in Phase 1, ensuring success wasn’t by chance. Meeting these objectives promotes traders to Funded Star status.

• Profit Target: $5,000
• Max Daily Loss: $5,000
• Max Overall Loss: $10,000
• Minimum Trading Days: 5

Phase 3

Once Phase 2 is completed, traders enter Phase 3 with live capital, where they can start earning real profits. Profit shares range from 80% to 100%, based on the trader’s performance and account scaling. In this phase, consistent risk management is key to continue scaling and potentially earning the full 100% profit share.

• Profit Share: 80% to 100%
• Trading Period: Unlimited
• Scaling Plan: Unlimited, performance-based

Each phase challenges traders to manage risk effectively and maintain consistency over time. With no time limits and bi-weekly payouts, BrightFunded’s challenge offers a solid path for traders aiming for long-term success.

Conclusion

BrightFunded provides a robust platform for traders aiming to scale their activities with up to $400,000 in initial capital. With its unique Trade2Earn program, flexible trading conditions, and quick payouts, it’s designed for those committed to advancing their trading careers.

Key Features:

• Unlimited trading period with no time limits
• Bi-weekly payouts with fast processing
• Up to 100% profit split for funded traders
• Access to over 150 instruments, including crypto pairs
• Instant rewards through the Trade2Earn program

Considerations:

• Strict adherence to loss limits required in challenges
• High refundable fees may deter some traders
• News trading restrictions could limit certain strategies

For traders who prioritize flexibility, fast payouts, and a broad asset selection, BrightFunded offers a strong platform for growth within a structured, supportive environment.