BrightFunded

OVERVIEW

Operating out of the Netherlands, BrightFunded is led under the guidance of CEO Jelle Dijkstra. The firm does not use third-party platforms like MT4 or MT5, but instead uses its own proprietary trading platform in creating a tailored trading experience for its clients. BrightFunded uses a Datafeed provider as their broker to focus on real-time market data accuracy. Offering account sizes from $10,000 to $200,000 caters to a wide range of traders, from those taking initial steps in prop trading to more experienced individuals. The two-step evaluation process with profit targets of 8% in Phase 1 and 5% in Phase 2 presents clear goals for traders. A maximum total drawdown of 10% is spread across all account sizes, promoting risk-aware trading practices. Traders can navigate a variety of instruments including cryptocurrencies, forex currency pairs, diverse Indices, commodities and global stocks. Additionally, the platform’s leverage options include 1:100 for forex, 1:40 for Gold & Commodities, and 1:20 for Indices.

  • Cryptocurrencies: In addition to traditional assets, they offer a wide range of the most popular and latest cryptocurrency instruments.
  • Forex: They provide access to major, minor, and exotic forex pairs.
  • Indices: Trade a variety of global indices.
  • Commodities: This includes hard commodities like metals, and soft commodities such as agricultural goods.
  • Forex(FX) – 1:100
  • Gold & Commodities – 1:40
  • Indices – 1:20
  • Crypto – 1:5
  • Currency Pairs = $3 / Lot
  • Indices = $0 ZERO
  • Crypto = 0,024% / Volume
  • Commodities = 0,0010% / Volume

The scaling plan at BrightFunded is designed for traders with funded star accounts, offering them the opportunity to increase their capital every four months. This structured time frame allows for a thorough assessment of the trader’s performance and adherence to the plan’s guidelines. A key requirement of the scaling plan is that traders must be profitable in at least two out of the four months during the review period. Moreover, they are required to attain a minimum total profit of 10% within this four-month span. To qualify for scaling, traders need to successfully process a minimum of two pay-out transactions. Additionally, at the time of scaling up, the trader’s account must either be at breakeven or in a profitable state. The scaling plan does not impose an upper balance limit for scaling up, implying that continuous profitability can lead to repeated scale-ups. As traders progress through the scaling stages, the reward split undergoes modifications. Notably, from the third scale-up onwards, traders receive a full 100% of the rewards, a significant shift from the earlier stages of the plan. 

The increments in scale-up are as follows:

  • First Scale-Up: In this stage, traders experience a 30% increase in their account balance. The reward split at this point is adjusted to 90/10, with the larger share going to the trader. 
  •  Second Scale-Up: The second stage offers a 60% increase in the account balance, maintaining the same 90/10 reward split ratio. This increment allows for a considerable expansion of the trader’s capital.

Third Scale-Up: In the third stage, the scale-up percentage increases to 90%, and the reward split becomes 100/0 in favour of the trader. This means that all profits from this stage are retained by the trader, marking a milestone in the plan.