Advertising Disclosure
Written by:
George Rossi
Updated:
Leverage: 1:100
Regulation: UAE
Min. Deposit: €55 (Standard Fee)
HQ: UAE
Platforms: cTrader, DXtrade
Found in: 2023
BrightFunded Licenses:
BrightFunded is a Dutch Proprietary trading firm established in 2023 that allows traders to manage capital up to $400,000 through a structured evaluation process.
Traders begin by paying a one-time fee to enter a two-phase challenge, aiming to meet profit targets of 8% in Phase 1 and 5% in Phase 2, all while adhering to strict risk management rules, including a 5% daily and 10% total drawdown limit. Upon successful completion, traders receive a funded account with profit splits starting at 80%, which can increase to 100% through BrightFunded’s unlimited scaling plan.
The firm supports trading across various asset classes, including Forex, commodities, indices, and cryptocurrencies. BrightFunded’s innovative Trade2Earn loyalty program rewards traders with tokens for their activity, which can be exchanged for benefits such as increased profit splits and reduced evaluation fees.
| BrightFunded Advantages | BrightFunded Disadvantages |
|---|---|
| Competitive pricing | Not strictly overseen |
| cTrader with fast trade execution | No free retakes |
| Multiple asset classes including Crypto pairs | It is hard to become Funded Trader |
| Refundable evaluation fee once you become Funded Trader | |
| Profit Share from Challenge | |
| Low Profit Target | |
| Trade2Earn loyalty program | |
| Fast evaluation payouts |
BrightFunded is a Dutch private limited liability company, legally registered in the UAE. While this registration provides a formal legal structure, it does not equate to regulation by a financial authority. As of now, the firm is not regulated by entities or a financial regulatory body.
While BrightFunded is not regulated by financial authorities, it operates as a legitimate prop trading firm with a growing community and a structured approach to trader evaluation and funding. Additionally, the firm has a high Brightfunded Trustpilot score.
BrightFunded’s Challenge Evaluation is a 2-phase process designed to assess a trader’s ability to manage risk and generate consistent profits.
Traders who pass Brightfunded rules receive a funded account with profit splits starting at 80%, which can increase to 100% through performance and participation in the firm’s Trade2Earn loyalty program.
Before starting the BrightFunded login and evaluation process, traders need to first choose the Evaluation Model and Account Balance they aim to qualify for. BrightFunded operates a 2-Phase Evaluation Model and offers several account sizes to suit different levels of trader experience and capital preference. The conditions of the challenge, such as trading rules, profit targets, and time limits, vary slightly depending on the account size selected.
This choice also affects the registration fee, which must be paid to participate in the challenge. However, BrightFunded offers a refund of this fee once you successfully pass the evaluation and receive your first payout as a funded trader. You can find a detailed breakdown of the registration fees and account sizes in the comparison table below.
The available account options are:
Traders also have the option to add a Swap-Free feature for an additional 10%, which is ideal for those who wish to avoid overnight fees. The firm’s fees and account options are competitively priced compared to many other prop firms, making it an attractive choice for funded traders.
| Fees | BrightFunded | Liberty Market Investment | FundedNext |
|---|---|---|---|
| Minimum Account Size | $5,000 | $10,000 | $6,000 |
| Fee | €55 | $70 | $59 |
| Maximum Account Size | $200,000 | $150,000 | $200,000 |
| Fee | €975 | $350 | $999 |
| Reset or Test Retake | No | Yes | Yes |
| Is Fee Refundable? | Yes | No | Yes |
BrightFunded sets clear profit targets for its evaluation challenges. In the 2-Phase Evaluation Model, traders need to achieve an 8% profit target in Phase 1 and a 5% profit target in Phase 2, all while staying within the daily and overall drawdown limits.
These targets must be met without breaching any trading rules to progress and ultimately qualify for a funded account.
BrightFunded enforces strict maximum loss limits to ensure disciplined trading during its evaluation process. The firm allows a maximum overall drawdown of 10% of the starting account balance. This means that if a trader’s losses exceed 10% at any point during the evaluation, the account is disqualified.
BrightFunded allows traders to complete a minimum of 5 non-consecutive trading days during each phase of the evaluation process. This means traders need to place at least one trade on five different calendar days throughout both the Challenge and Verification phases.
These trading days do not need to be consecutive, allowing flexibility in your trading schedule.
See the detailed table with BrightFunded Review Challenge conditions:
As we found, BrightFunded prop trading firm does not offer a free trial for its evaluation challenges. Traders need to pay a one-time registration fee, which varies depending on the chosen account size, to participate in the evaluation process.
Once a trader successfully passes both phases of BrightFunded’s evaluation, they are granted access to a Funded Star Account, an account with virtual capital that allows traders to operate using the firm’s provided capital.
This account enables traders to start earning real profits while adhering to risk management rules set by BrightFunded. The funded account includes flexible payout options, with the first withdrawal available 30 days after the initial trade and later biweekly payouts.
BrightFunded offers a competitive profit split structure for its funded traders. After completing the evaluation process, traders begin with a default 80/20 split, keeping 80% of the profits while the firm takes 20%.
Based on our research, BrightFunded offers a flexible payout structure for its funded traders. After completing the evaluation phases and placing the first trade on a funded account, traders become eligible to request their first payout after 30 days.
Payouts can be received through various methods, including bank transfers and cryptocurrency, allowing traders to choose the most convenient option for their needs.
BrightFunded offers flexible withdrawal methods to accommodate traders’ preferences. Funded traders can receive payouts via bank transfers or USDC ERC20.
Before starting with the firm, you should review the specific terms related to each account type. Key factors such as available trading instruments, commission structure, maximum leverage, platform choice, and execution conditions can significantly impact your trading experience.
Understanding these elements ensures that the account setup aligns with your trading strategy and risk profile. See the detailed breakdown below:
BrightFunded offers over 150 trading instruments, including Forex pairs, commodities, global indices, and over 35 cryptocurrencies. This variety allows traders to diversify their strategies across different markets.
However, it does not offer trading in instruments like options, ETFs, or futures. If you are looking to trade these types of assets, you may need to consider an alternative prop firm that provides a broader range of instruments.
BrightFunded has a competitive commission structure. The firm charges commissions based on the instrument being traded, such as $3 per lot for Forex pairs, 0.024% for cryptocurrencies, and no commission for indices. Commodities incur a small commission of 0.0010% of the trading volume.
These commissions apply during both the evaluation and funded phases, and there are no additional recurring fees besides the initial evaluation fee, which is refundable once you become a funded trader.
BrightFunded offers different leverage levels for various instruments, including up to 1:100 for Forex pairs, 1:40 for commodities, 1:20 for indices, and 1:5 for cryptocurrencies. This leverage allows traders to amplify their positions, but it also comes with increased risk.
BrightFunded provides traders with access to cTrader and DXtrade. cTrader is known for its fast order execution, advanced charting tools, and user-friendly interface, supporting multiple devices including iOS, Android, and desktop platforms.
DXtrade offers a customizable trading environment with features tailored to professional traders. Both platforms are designed to support the firm’s evaluation and funded account processes, ensuring a seamless trading experience. Traders can choose the platform that best suits their trading style and preferences.
Based on our findings, BrightFunded offers various account types with flexible trading conditions.
Understanding these conditions is crucial for maximizing success while trading with BrightFunded.
BrightFunded, from time to time, offers promotions such as discounts on evaluation fees or bonus opportunities for new traders. These promotions are designed to attract aspiring traders and provide a cost-effective entry into the evaluation process.
However, you should regularly check the firm’s official website or social media channels to stay updated on the latest promotional offers.
Based on our overall findings, BrightFunded is a potentially attractive option for traders seeking a funded account with flexible trading conditions and competitive pricing. The firm offers multiple evaluation models, profit-sharing opportunities, and fee refunds upon becoming a funded trader, features that may appeal to both beginners and experienced traders.
However, while comparing BrightFunded with other prop trading firms in the industry, some competitors might offer a wider selection of trading instruments, more advanced platforms, or a more established track record.
While BrightFunded has its strengths, such as accessible entry costs and trader-friendly strategies, careful consideration of your personal trading needs and preferences is key when choosing the right firm.
See our selection of alternative prop trading firms below, carefully chosen based on overall trader benefits.
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