BrightFunded

Evaluation Phases

BrightFunded follows a Two-Step evaluation model.

• Phase 1 (Evaluation): you must hit a higher profit target.
• Phase 2 (Verification): you must hit a lower profit target.

You must complete at least 5 trading days in each phase.

Available account sizes: $5,000, $10,000, $25,000, $50,000, $100,000 and $200,000.

Profit Targets

• Phase 1: 8% profit target. 
• Phase 2: 5% profit target. 

Drawdown Rules

• Daily Loss Limit: 5% of account balance. 
• Total/Max Drawdown: 10% of account balance. 

Challenge Add-ons

BrightFunded gives traders the option to customize their challenges through paid add-ons:

• Weekly Payouts: Shorten the payout cycle to 7 days (+25% fee)
• Bi-weekly Payouts: 14-day payout cycle (+15% fee)
• Full Challenge Fee Refund: Recover 100% of your challenge cost (+10% fee)
• Higher Profit Split: Boost profit share to 90% (+20% fee)
• No Minimum Trading Days: Remove the 5-day rule (+15% fee)
• Swap-Free Account: Access swap-free trading (+10% fee)

These add-ons provide flexibility while clearly outlining the fees involved.

Strategy Rules

• Hedging: Allowed in a single account, banned across multiple accounts or firms.
• News Trading: Not permitted within 10 minutes of major news on funded accounts, violations may reduce profits.
• Copy Trading: Only allowed between accounts owned by the same trader; external or third-party signals are not permitted.
• Expert Advisors (EAs): Supported but must comply with all risk and loss rules.
• Negative Margin: If margin goes negative, trades are auto-closed and a soft breach is issued.

Profit Split

• Default funded account profit split is 80/20 (trader keeps 80%).
• With add-ons or via scaling, the profit split can increase to 90/10 and ultimately 100% for traders who meet scaling milestones.

First Payout & Frequency

• First payout is available 30 days after the first trade on a funded account.
• After that, payouts can be requested every 14 days, or weekly if using a weekly payout add-on.

Scaling Plan

• Funded accounts are reviewed every 4 months for scale-up eligibility.
• Requirements: 2 profitable months, 10% total profit, at least 2 successful payouts and account balance at breakeven or above.
• Each scale-up adds +30% to the original account size.
• Profit split improves from 80% to 90% by the 2nd scale-up and from the 3rd onward traders may earn a full 100%.
• No maximum limit on account growth as long as criteria are met.