BrightFunded Review

BrightFunded Challenges

BrightFunded’s challenge structure offers a clear three-step process with  account sizes ranging from $5,000 to $400,000 and fees from €55 to €1,824, depending on the account size and selected add-ons.

Traders can customise their experience with optional add-ons, such as reducing payout timeframes, increasing profit splits, and removing minimum trading day requirements.

Additionally, BrightFunded’s unlimited scaling plan allows traders to grow their accounts significantly while retaining up to 100% of profits after reaching scaling milestones.

To gain a funded account with BrightFunded, you need to pass the evaluation process below:

1. Phase 1 – Evaluation: Achieve an 8% profit target with a 5% daily drawdown limit, a 10% total drawdown cap, and a minimum of 5 trading days.
2. Phase 2 – Verification: Meet a reduced 5% profit target, maintain the same drawdown limits as Phase 1, and complete at least 5 additional trading days.
3. Phase 3 – Funded Account: Trade with a funded demo account, keeping up to 100% of profits, with the opportunity to grow through BrightFunded’s unlimited scaling plan.

Challenge Add-ons

BrightFunded allows traders to customise their challenge experience with optional add-ons:

• Weekly Payouts: Reduce the standard payout cycle to 7 days for a +25% fee.
• Bi-Weekly Payouts: Opt for a 14-day payout cycle with a +15% fee.
• 100% Challenge Fee Refund: Recover your entire challenge fee by paying a +10% fee.
• 90% Profit Split: Increase your default profit split to 90% for a +20% fee.
• No Minimum Trading Days: Remove the 5-day requirement with a +15% fee.
• Swap-Free Account: Access swap-free trading for a +10% fee.

These options provide flexibility to align the evaluation process with individual trading preferences.

Scaling Plan

BrightFunded’s scaling plan enables traders to expand their funded accounts as they demonstrate consistent profitability.

• Growth Rate: Accounts increase by 30% of the original balance every 4 months, provided certain criteria are met:
  • Profitability in at least 2 out of 4 months with a minimum total profit of 10%.
  • Completion of 2 successful payouts during the review period.
  • Positive or breakeven balance at the time of the scale-up.
• Unlimited Growth: Scaling continues indefinitely for traders who maintain consistent performance.
• Enhanced Profit Splits: From the 3rd scale-up onwards, traders receive a 100% profit split, allowing them to retain all earnings.

This approach supports traders aiming for long-term financial growth while rewarding steady progress.

Trade2Earn Loyalty Program

BrightFunded’s Trade2Earn program is designed to reward traders for their activity, regardless of trading outcomes. With every trade executed, traders earn BrightFunded Tokens that can be redeemed for valuable perks and benefits.

This program incentivizes participation throughout the evaluation process and beyond, making it an integral part of BrightFunded’s trader-focused ecosystem.

Traders accumulate tokens based on their trading volume, with tokens automatically stored in their dashboard for easy tracking. These tokens can be redeemed for perks such as free evaluations, discounts on challenge fees (ranging from 10% to 50%), and enhanced profit splits of up to 100%.

Additionally, tokens can unlock adjusted drawdown limits (6% daily and 12% total), providing traders with more flexibility in managing risk.

Key benefits of the loyalty program include:

• Free Evaluations: Use tokens to cover the cost of future challenges.
• Financial Perks: Redeem tokens for discounts and increased profit splits.
• Customisation Options: Adjust drawdown limits to suit your trading strategy.

With over 175,000 tokens earned by traders and $200,000 distributed through extra payouts, the Trade2Earn program demonstrates BrightFunded’s commitment to rewarding dedication and providing practical tools for long-term trading success.

Verdict on Challenges and Funded Accounts

BrightFunded’s challenge process is straightforward, with clear profit targets and risk limits that encourage disciplined trading. The add-ons offer practical customisation, and the scaling plan provides traders with the opportunity to grow their accounts while increasing profit retention.

This combination makes BrightFunded a solid choice for traders looking to advance to funded accounts and achieve consistent growth over time.

Spreads and Commission

BrightFunded operates in a simulated trading environment designed to closely mirror real market conditions.

While limited information is available about average or minimum spreads, BrightFunded provides competitive pricing through aggregated data from its partnered liquidity sources, ensuring traders receive realistic quotes across various asset classes.

Spreads and Liquidity

BrightFunded does not act as a broker or directly connect to liquidity providers. Instead, its data feed aggregates market data from top liquidity providers to deliver accurate simulated spreads:

• Forex: Data is aggregated from multiple contributors, providing competitive pricing for major, minor, and exotic currency pairs.
• Crypto: Quotes are sourced from major exchanges like Binance, Coinbase, and Kraken.
• Indices: Data is collected from global sources, including S&P Dow Jones Indices, Nasdaq, ICE, and FTSE.
• Equities: Consolidated data from markets such as NYSE, Nasdaq, and IEX ensures realistic conditions for equity trading.

Although exact minimum spread data is unavailable, this aggregation process ensures realistic, industry-standard pricing across instruments.

BrightFunded Commission Fees

BrightFunded charges simple and transparent commission fees:

• Forex: $3 per lot traded.
• Crypto: 0.024% of trading volume.
• Commodities: 0.0010% of trading volume.
• Indices: Zero commission on trades.

These straightforward fees align with market expectations and keep trading costs predictable.

Verdict on Spreads and Commission

BrightFunded’s approach to spreads and commissions prioritises simplicity and accessibility. While specific spread data is limited, the reliance on aggregated data from leading liquidity providers ensures realistic market conditions.

Trading Instruments and Leverage

BrightFunded offers a diverse range of trading instruments, including forex, commodities, indices, metals, and cryptocurrencies. Leverage options are tailored to balance trading flexibility and risk management.

• Forex: 49 currency pairs, including majors (EUR/USD, USD/JPY), minors, and exotics (USDZAR, EURPLN). Leverage: up to 1:100.
• Commodities: Includes WTI, UK Oil, Natural Gas, and metals like Gold, Silver, Platinum, and Copper. Leverage: up to 1:50.
• Indices: Global indices such as ASX 200, DAX 30, FTSE 100, and S&P 500. Leverage: up to 1:20.
• Cryptocurrencies: 36 digital assets, including Bitcoin, Ethereum, Solana, and THORChain. Leverage: up to 1:10.

Verdict on Markets and Leverage

BrightFunded provides a comprehensive selection of instruments, with leverage levels that suit a range of trading styles. The broad coverage of forex, commodities, and crypto markets ensures ample trading opportunities.

Trading Platforms

BrightFunded provides a proprietary trading platform that is accessible on desktop, mobile, and web applications.

Designed for traders of all levels, the platform offers real-time market data and a seamless interface.

• Accessibility: Available on desktop (Windows/Mac), mobile (iOS/Android), and via a web-based application.
• Features: Real-time market data, user-friendly interface, and compatibility with Expert Advisors (EAs).
• Simulation Environment: Trades are executed in a simulated environment, ensuring risk-free evaluation and funded trading phases.

Trading Rules

BrightFunded has a clear set of trading rules to ensure disciplined and fair trading practices:

• Daily Loss Limit: Maximum drawdown of 5% per day.
• Total Loss Limit: Capped at 10% of the account balance at any time.
• Profit Targets: Phase 1 requires an 8% profit target, while Phase 2 requires 5%.
• Minimum Trading Days: Traders must complete 5 non-consecutive days in each phase.
• Hedging Rules: Allowed within the same account but prohibited across multiple accounts or prop firms.
• News Trading: Restricted in Funded Accounts within 10 minutes of major news events; violations lead to profit deductions.
• Copy Trading: Permitted only for accounts owned by the same trader; prohibited for accounts owned by others or based on external signals.
• Expert Advisors (EAs): Allowed but must adhere to all trading rules, including loss limits.
• Negative Available Margin: Accounts with negative available margin result in auto-closed trades and a soft breach notification.

These rules help maintain fairness and encourage traders to adopt responsible trading practices.

Verdict on Trading Platforms 

BrightFunded’s platform ensures a balance between structure and flexibility. The trading rules, such as relaxed hedging within accounts and unrestricted news trading during evaluation phases, provide freedom for traders to apply diverse strategies.

Payments and Payouts

BrightFunded ensures a smooth and transparent payment experience, offering flexible challenge fee payment options and efficient profit distribution. Traders benefit from clear terms, optional customisation add-ons, and access to their earnings without unnecessary delays or hidden costs.

Challenge Fee Payments

BrightFunded’s challenge fees are straightforward, with no recurring charges or surprises. This one-time fee provides access to the trading evaluation process and BrightFunded’s simulated trading environment.

• One-Time Payment: Challenge fees are a single upfront cost based on the account size selected, with no recurring charges or subscription fees.
• Payment Options: Traders can pay using traditional bank transfers or popular cryptocurrencies, including Bitcoin, Ethereum, and USDC.
• No Hidden Fees: Fees are transparent, covering access to BrightFunded’s simulated trading environment without additional charges.

Profit Payouts

Profit payouts at BrightFunded are designed for efficiency and flexibility. Traders can customise their payout schedule and profit splits to suit their needs, with fast processing and no minimum thresholds.

• Default Payout Structure: Profit splits start at 80% and can scale up to 100% through BrightFunded’s scaling plan.
• Customisation Options: Add-ons like weekly (+25%) or bi-weekly (+15%) payout cycles, and an instant 90% profit split (+20%) provide flexibility for traders.
• Payment Methods: Payouts are processed via crypto wallets (USDC ERC-20) or bank transfers. Payment processors may apply minimal fees outside BrightFunded’s control.
• No Minimum Threshold: Traders can request a payout regardless of profit size, even as low as $0.01.

Verdict on Payments and Payouts 

BrightFunded excels in providing a trader-focused payment and payout system. The single challenge fee avoids unnecessary recurring costs, while crypto and bank payment options enhance flexibility. Profit payouts are transparent, quick, and scalable, with add-ons to suit individual preferences.

Customer Support and Education

BrightFunded prioritises accessible and responsive support alongside educational resources to empower traders at all levels. The firm offers a range of options for connecting with their team and provides essential tools to help traders succeed in their simulated environment.

Customer Support

BrightFunded ensures comprehensive customer support with multiple communication channels available 24/7.

• 24/7 Availability: Support is accessible via email, live chat, and WhatsApp at all hours to assist with inquiries.
• Multiple Contact Methods: Traders can reach BrightFunded through email at support@brightfunded.com, live chat on their website, or WhatsApp for direct communication.
• Centralised Office Support: The firm operates from its office in Amsterdam, further ensuring a reliable customer support infrastructure.

Educational Resources

BrightFunded provides essential resources to help traders understand their systems and trading strategies within the simulated environment.

• Comprehensive FAQ: An extensive FAQ section covers trading rules, payment methods, and platform features, addressing common queries in detail.
• Trading Platform Guides: BrightFunded offers both written and video guides to help traders maximise the platform’s features and capabilities.
• Simulated Environment: Traders are equipped with demo accounts using fictitious funds, allowing them to practise strategies risk-free while gaining real-world trading experience.

Verdict on Support and Education

BrightFunded delivers strong customer support and practical educational tools to assist traders at every stage of their journey. The availability of 24/7 support across multiple channels ensures quick resolution of queries, while the detailed FAQ and platform guides provide a solid foundation for trading in a simulated environment.

BrightFunded Trust and Community

BrightFunded aims to foster trust and community engagement through transparency, responsive customer interaction, and active online platforms. With high customer satisfaction ratings and a vibrant trading community, it supports traders at all levels.

Trustpilot Score

BrightFunded holds an excellent TrustPilot score of 4.6 out of 5 stars, with 86% of users awarding 5 stars. The firm receives frequent praise for its rapid payout process, clear and transparent policies, and highly responsive customer service.

Many prop traders specifically highlight the speed at which payouts are processed, often within hours, and the company’s proactive approach to resolving issues, including direct involvement from the CEO in complex cases.

However, a small number of reviews raise concerns regarding account terminations linked to trading styles. These situations underline BrightFunded’s strict adherence to its trading policies, which, while ensuring fairness and risk management, can sometimes lead to disputes.

Trading Community

BrightFunded’s active community is centered on its Discord server, featuring over 16,000 members. The server includes:

• Educational Channels: Trade ideas, market insights, and self-development discussions.
• Verification & Support: Direct communication with staff for account verification and problem resolution.
• Games & Networking: Social channels like poker chats and fantasy leagues to foster trader connections.

Social media extends this engagement, with 29.6K followers on Twitter and over 6,000 Instagram followers, providing trading tips, updates, and promotional offers.

Verdict on Trust and Community

BrightFunded’s high Trustpilot score and proactive customer engagement build a solid foundation of trust. The vibrant trading community on Discord and social platforms enhances the experience by fostering collaboration and support.

How to Sign Up to BrightFunded

Getting started with BrightFunded is a straightforward process designed to help traders begin their journey toward funded accounts. Follow these steps to complete your registration and begin trading:

1. Create an Account: Visit the BrightFunded website and click “Sign Up.” Enter your details, including your email address and password, to register. Verify your email to activate your account.
2. Choose Your Challenge: Browse the available account sizes and select the challenge that fits your trading goals. Fees and evaluation criteria will be outlined for each option.
3. Make Fee Payment: Pay the one-time challenge fee using the available payment methods, such as crypto or bank transfer. Be sure to select any add-ons, such as faster payouts or a higher profit split, during this step.
4. Start Prop Trading: Once payment is confirmed, access your challenge account via the BrightFunded trading platform. Begin trading within the provided evaluation framework to meet the profit targets and trading rules.

After completing the evaluation phases, you’ll transition to a funded account where you can start earning payouts.

Final Verdict on BrightFunded

BrightFunded strikes a balance between flexibility and structure, making it a strong option for aspiring prop traders. The three-phase challenge process, coupled with customizable add-ons like faster payouts and higher profit splits, allows traders to tailor their experience to individual needs. The scaling plan stands out, offering the potential for long-term account growth and up to 100% profit splits for consistent performers.

The proprietary trading platform is user-friendly, although the lack of MT4/MT5 and specific spread data may be a drawback for some traders. Fast payouts, transparent fees, and the Trade2Earn loyalty program add significant value, rewarding both performance and activity. While BrightFunded enforces strict trading rules, its proactive approach to issue resolution and commitment to trader support solidify its position as a reliable choice for those looking to advance in prop trading.