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.
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:
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.