BrightFunded Review
So, let's begin our BrightFunded review. BrightFunded Prop Firm (legal name BrightFunded B.V. located at Amsterdam, The Netherlands. This European prop trading company was registered in 2023 on the wave of growing popularity of the investment trading industry.
- Automated trading (Expert Advisors) - NO
- Platform for trading - BrightFunded platform
- Leveraege - up to 1:30
- Participation cost - from $55
- Weekend holding positions - allowed
- Grid and martingale trading - allowed
- Stop-loss Required - No
Go to the BrightFunded website >>>
Expert Advisors Suitable for this Prop Firm:
BrightFunded Program
The trading process at this prop firm is divided into three logical phases:
- The Challenge is your first step towards becoming a Funded Star. Demonstrate your trading acumen by meeting the profit target, adhering to discipline, and exhibiting prudent risk management. Successfully completing all trading objectives will propel you into Phase 2, The Verification.
- The Verification serves as your second and ultimate step in the quest to become a Funded Star. The trading objectives in this phase are more lenient. Once you successfully meet these objectives and your results are confirmed, you will begin your Funded Trading Journey—the start of an exciting new chapter.
- The Funded Star. Your ongoing mission is to continue practicing sound risk management and trading with responsibility and consistency. This will allow you to scale your account and potentially enjoy a 100% profit split, in line with our scaling plan. Welcome to the next level of your Funded Trading Journey—your star is truly ascending.
In this BrightFunded Review, we will describe the rules for achieving these goals in more detail.
BrightFunded Program
BrightFunded rules:
- Trading Period: Each phase of the trading process is bound by a maximum number of calendar days, during which you must complete the requirements to progress.
- Minimum Trading Days: You are required to trade for at least 5 days during both the Challenge and the Verification phases. These trading days do not need to be consecutive, allowing for flexibility in your trading schedule.
- Maximum Daily Loss (BrightFunded rules): This rule sets the maximum loss allowed in a single trading day. If this limit, which is set at 5% of your initial account balance, is exceeded, the account will be terminated. The maximum daily loss is reset nightly between 11:30 PM and 11:59 PM Central European Time (CET) during the rollover period, during which trading is not allowed. If your equity drops below the Daily Breach Level at any point, your account is considered breached.
- Maximum Loss: This rule defines the absolute maximum loss permitted on your account. Should your account balance reach or fall below this threshold, which is 10% of your starting balance, the account will be terminated.
- Profit Target (BrightFunded rules): You are expected to achieve a specific profit target within the allotted trading period. For the Challenge phase, the profit target is set at 8% of the initial balance, and for the Verification phase, it is reduced to 5%.
Participation cost:
- $5,000 - $55
- $10,000 - $95
- $25,000 - $195
- $50,000 - $295
- $100,000 - $495
- $200,000 - $975
At BrightFunded, the possibilities are truly boundless. Our scaling plan is designed with no upper balance limits, enabling continuous growth of your funded account as long as you keep generating profits. This means that your potential for earnings is unlimited. Furthermore, beginning with the third scale-up, BrightFunded enhances the benefit by offering a 100% reward split. This structure is specifically aimed at incentivizing sustained success and rewarding consistent performance. So, as you progress and perform, your rewards only increase, reflecting our commitment to your development and financial achievement in the trading arena.
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BrightFunded Review and Our opinion about this Prop Firm
BrightFunded is a pioneering proprietary trading firm that offers a structured pathway for traders through its Trade2Earn program. This program is designed to empower traders by providing a simulated trading environment where they can hone their skills, manage risks effectively, and earn substantial rewards.
Trading Phases: BrightFunded prop Firm trading process is segmented into three phases:
- The Challenge: This initial phase tests traders' skills and discipline, requiring them to meet specific profit targets and manage risks within defined limits.
- The Verification: A continuation of the evaluation process with slightly gentler objectives, leading successful candidates to the final phase.
- The Funded Star: Successful traders manage a funded account with no upper balance limits, aiming for a profit split that reaches 100% from the third scale-up onwards.
Pros of BrightFunded Prop Firm:
- No Balance Limits: Offers unlimited growth potential for funded accounts.
- Generous Profit Splits: Starting from the third scale-up, traders receive a 100% reward split.
- Structured Growth Path: Clearly defined trading objectives and phases help traders progress systematically.
- Risk Management: Enforces discipline through daily and total loss limits to protect traders and the firm.
- Flexibility: Traders can trade on non-consecutive days, allowing for flexibility in trading schedules.
Cons of BrightFunded Prop Firm:
- No Automated Trading: BrightFunded rules does not allow automated trading systems, which can be a drawback for beginner traders who might rely on algorithms to help manage positions and make decisions.
- Entry Barriers: Challenge fees and rigorous testing phases may deter some potential traders from participating.
In summary, BrightFunded offers a promising platform for traders looking to grow and earn in a structured environment. However, the restriction on automated trading might limit its appeal to beginners who prefer using such technologies to aid their trading strategies.
