Bright Funded is a prop firm registered in the Netherlands in September 2023. The owner is Jelle Dijkstra.
Bright Funded offers a fair trading environment for traders of all levels. They value transparency and community, providing a rewarding trading experience. The platform also includes great educational resources.
Coupon Code for Bright Funded
There are no active coupon codes at Bright Funded at this time. They regularly post all coupon codes, discounts and news on their Instagram account. You can check it out for upcoming codes.
Trading Platforms at Bright Funded
Bright Funded offers its own trading platform and App. The platform is available for both Android and iOS devices, as well as Desktop.
Instruments Available with Bright Funded
You can trade:
- Cryptocurrencies
- Major Forex pairs
- Minor Forex pairs
- Exotic Forex pairs
- Indices
- Commodities like hard metals and agricultural goods
How to Make Payments at Bright Funded
You can get paid via Crypto and Bank Transfer, and you can pay using Credit Cards, Crypto, and iDeal.
Here are the Cryptocurrencies you can pay with:
- 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)
You need to be careful when choosing the network through which you want to send the money. If you send money through a different network, it may result in the loss of your funds. Bright Funded can’t assist you in these cases.
Account Sizes Available at Bright Funded
There are six account sizes that are available in USD, EUR, and POUND currencies.
- $5k
- $10k
- $25k
- $50k
- $100k
- $200k
Profit Splits in Bright Funded
Bright Funded offers a fair profit split of 80%. This means that the company gets the remaining 20%.
Profit Targets for Bright Funded:
You need to reach a 8% profit target in the first step of the challenge. The second step has a 5% profit requirement.
Maximum Daily Drawdown and Loss at Bright Funded
The maximum daily loss in the Bright Funded Challenge is 5%. When it comes to the maximum total loss, you can lose up to 10% of the account balance.
Minimum/Maximum Trading Days Required at Bright Funded
You need to trade for at least 5 days, while there are no limits regarding the maximum number of trading days.
Bright Funded: Rules and Challenges
Bright Funded has one 2-step challenge with six account sizes available. The first step of the challenge is called "The Challenge". The second step is considered "The Verification". Bright Funded doesn't have a consistency rule. The Leverage depends on the instrument used:
| Trading Instrument | Leverage | | --- | --- | | FX | 1:100 | | Gold & Commodities | 1:40 | | Indices | 1:20 | | Crypto | 1:5 |
Pricing for Bright Funded Challenge
| Account Size | Price | | --- | --- | | 5k | €55 | | 10k | €95 | | 25k | €195 | | 50k | €295 | | 100k | €495 | | 200k | €975 |
Commissions and Fees at Bright Funded
Besides the fee you need to pay for purchasing a challenge, there are no other fees. The commissions depend on the trading instrument:
| Trading Instruments | Commission | | --- | --- | | Currency Pairs | $3 per lot | | Indices | $0 | | Crypto | 0,024% / Volume (0,012% per side) | | Commodities | 0,0010% / Volume |
Bright Funded: Refund Policies
Bright Funded refunds 100% of your fees with your first payout after you finish the evaluation phase.
Trial Offers at Bright Funded
There are no free trial offers at Bright Funded.
Payout Schedules of Bright Funded
You can request your first payout 30 days after you place the first trade on your Funded Account. After your first Reward split, all payouts are done bi-weekly. You can request your payout through the dashboard.
Contact Bright Funded
Contact Bright Funded via:
- Email: support@brightfunded.com
- https://twitter.com/BrightFunded
- https://www.instagram.com/brightfunded/
Evaluating Bright Funded: Advantages and Disadvantages
Advantages:
- Low commissions
- Bi-weekly payouts
- Fees are 100% refundable
- A wide range of trading instruments available
- Six account sizes available in USD, EUR, and POUND currencies
Disadvantages:
- No free trials
- Only one challenge type is available
Bright Funded FAQ Section
Restricted Countries
There are no country restrictions at Bright Funded.
What are Swap Fees?
A swap fee, or rollover fee, is the interest traders pay for holding a position overnight, applied at the daily rollover point at 00:00 CET.
Can I use EA?
Yes, you can use Expert Advisors (EAs).
What capital will I trade at Bright Funded?
You will be trading the same account balance that you traded in the Challenge. If you had a $200k challenge, you'll also have $200k in your Funded Account. If you demonstrate consistent profitability, you will be rewarded with additional capital with the scaling plan.