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Bright Funded Review 2024

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Bright Funded Review 2024
Infinite Scaling PlanProprietary Trading PlatformTrade2Earn
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Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:BrightFunded
Founded:2022
Headquarter:Netherlands
Min Price:$55
Max Fund:$200,000
Challenges:6
About
BrightFunded is a Dutch prop trading firm offering profit splits up to 100%, over 150 trading instruments, and a custom trading platform. Established in 2022, it has a 4.4 Trustpilot rating. While it offers benefits like infinite funding, users should approach it with caution due to mixed reviews.
Contact
Schoolstraat 2 F, 1054KD, Amsterdam, The Netherlands
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
Wide Range Of Tradable Instruments
Structured Scaling Plan With Potential For 100% Profit Share
Proprietary Trading Platform For A Tailored Experience
Competitive Leverage Options (Up To 1:100 For Forex)
Clear Two-Step Evaluation Process
Cons
Restrictions On News Trading
BrightFunded review
BrightFunded review; key features, specifications, pros and cons

BrightFunded is a prop firm with a profit split up to 100% and an average payout processing time of only 8 hours. This firm, founded in December 2022, offers other benefits, such as 150+ available trading instruments.

If you are interested in starting with a new prop trading firm, read this article to learn about BrightFunded's advantages and disadvantages, considering its various aspects.

BrightFunded Prop Firm Company Overview

BrightFunded is a cutting-edge proprietary trading firm headquartered in the Netherlands, led by CEO Jelle Dijkstra.

What sets BrightFunded apart from many competitors is their commitment to providing a truly customized trading experience.

Instead of relying on third-party platforms like MT4 or MT5, BrightFunded has developed its own proprietary trading platform, tailored specifically to meet the needs of modern traders.

This firm has paid over $3M to its clients as payouts. Currently, it serves more than 10,000 active traders.

BrightFunded Specifications Summary

In the table below, you will see a brief overview of the firm's key specifications and features:

Account Currency

USD, EUR, GBP

Minimum Price

55 EUR

Maximum Leverage

1:100

Maximum Profit Split

100%

Instruments

Forex, Indices, Crypto, Commodities

Assets

+150

Evaluation Steps

2

Withdrawal Methods

Crypto (USDT), Bank Transfer

Maximum Fund Size

Infinite

First Profit Target

8%

Max. Daily Loss

5%

Challenge Time Limit

Unlimited

News Trading

Resricted on Funded Star Accounts

Maximum Total Drawdown

10%

Trading Platforms

Proprietary

Commission Per Round Lot

$3

Trustpilot Score

4.4 out of 5

Payout Frequency

Bi-Weekly

Established Country

Netherlands

Established Year

2022

Benefits & Drawbacks

Let's take a closer look at the advantages and potential drawbacks of trading with BrightFunded in the form of a table:

Drawbacks

Benefits

Restrictions On News Trading

Proprietary Trading Platform For A Tailored Experience

Wide Range Of Tradable Instruments

Competitive Leverage Options (Up To 1:100 For Forex)

Structured Scaling Plan With Potential For 100% Profit Share

Clear Two-Step Evaluation Process

Despite a few limitations, BrightFunded offers a compelling package for traders seeking a structured path to becoming funded traders with significant profit potential.

An Overview of the Funding & Price on the BrightFunded

The company offers a range of account sizes to suit different trader experience levels and risk appetites. Here's an overview of their funding options:

  • Account fundings from $5k to $200k;
  • Pricing and fees range from 55 EUR to 975 EUR.

Registration and Verification Complete Guide

Account opening is the first thing you need to do if you want to get started. Here's a tutorial on the registration and verification process on BrightFunded:

  • Go to the official website and click on "Login/Register";
  • Click on the "Register" hyperlink below the login form;
Brightfunded registration form
Enter your name and email, choose your country, and create a username and a password
  • Fill in the form with your name, username, email address, country, and desired password;
  • Login with your credentials.

Now, you have your account on the BrightFunded. For verification, complete your profile and submit the necessary documents and information.

BrightFunded Prop Firm Evaluation Stages

Brightfunded evaluation
BrightFunded evaluation stages for the 55 EUR challenge

The firm's evaluation process is designed to identify disciplined and profitable traders. In the table below, we will look into the phases in detail.

-

Step 1

The Challenge

Step 2

The Verification

Step 3

The Funded Star

Funding

From $5k to $200k

Trading Period

Unlimited

Min. Trading Days

5 Days

-

Max. Daily Loss

5%

Max. Overall Loss

10%

Profit Target

8%

5%

-

BrightFunded Tokens

Yes

Fee

From 55 EUR to 975 EUR

None

BrightFunded Bonuses And Discount Codes

This firm offers several attractive discount codes to enhance the trading experience. BrightFunded promo codes:

  • 25% off on larger account challenges (25K-200K) plus a free 10K challenge when purchasing a 100K or 200K account with the code BFONE25;
  • You will receive a 12% discount, bi-weekly payouts, and a free account of the same size upon reaching payout on all challenges via the code MATCH.

However, we are not sure if these codes work.

These promotions provide traders with significant cost savings and additional opportunities to succeed. Be sure to check BrightFunded's website or authorized partners for the latest offers and expiration dates.

Trading Platforms Used via BrightFunded

Brightfunded trading platforms
BrightFunded trading platform features and specifics

Unlike many prop firms that use third-party platforms, this firm has developed its proprietary trading platform. This custom-built solution offers several advantages:

  • Tailored user experience designed specifically for BrightFunded traders
  • Seamless integration with the company's evaluation process and scaling plan
  • Direct market access with raw spreads and low commissions
  • Real-time market data provided by reliable data feed providers

You can access the platform through the links below:

Tradable Instruments and Symbols

BrightFunded offers more than 150 instruments and crypto pairs overall. These assets consist of:

  • Cryptocurrencies: Access to popular and emerging crypto pairs
  • Forex: Major, minor, and exotic symbols
  • Indices: Global stock market indices
  • Commodities: Both hard commodities (e.g., metals) and soft commodities (e.g., agricultural products)

This wide selection of instruments and flexible leverage options allows traders to diversify their strategies and manage risk according to their preferences.

Payment Options and Methods Overview

According to the FAQ section on the official website, BrightFunded provides payouts via these 2 options:

  • Crypto (USDT)
  • Bank transfers

Also, you can pay for challenges using these methods:

  • Credit/debit cards
  • Crypto
  • E-payment platforms

Commission & Costs

Based on our investigations on the platform and the website, BrightFunded provides trading with these fees:

  • Currency Pairs: $3 per round lot
  • Indices: $0 (zero commission)
  • Cryptocurrencies: 0.024% per volume
  • Commodities: 0.0010% per volume

These rates are generally in line with industry standards and allow traders to maintain profitable strategies across various instrument types.

The zero commission on indices is particularly attractive for traders focusing on these markets.

Educational Resources on BrightFunded

The company tries to provide some resources for educating traders, but it does not have a dedicated section for this purpose. Education on BrightFunded:

  • Blog articles about trading systems, psychology, etc.
  • YouTube channel with educational videos and content

Trust Reviews on Trustpilot

Brightfunded on trustpilot
BrightFunded has earned an overall good score on Trustpilot

BrightFunded has received mixed reviews on Trustpilot, with an overall rating of 4.4 out of 5 stars. Positive reviews often highlight the following:

  • Reliable and timely payouts
  • Responsive customer support
  • User-friendly trading platform

However, some negative reviews mention:

  • Issues with withdrawals
  • Concerns about account closures

It's worth noting that BrightFunded actively responds to negative reviews, addressing concerns and providing clarifications where necessary.

Customer Support and Services – Contact Info & Schedule

BrightFunded prop firm offers typical methods for support services. In the list below, we will discuss each:

  • Email: support@brightfunded.com
  • Live Chat: Available via the official website
  • Discord: https://discord.com/invite/fKzFHQKD4s

The firm states that they offer 24/7 services through the methods listed above.

Social Media Channels and Pages

BrightFunded hold a place on several social media platforms. This helps users to keep up with the latest updates in an easier way. BrightFunded Social Pages:

  • Discord: https://discord.com/invite/fKzFHQKD4s
  • Telegram: https://t.me/brightfunded
  • Instagram: https://www.instagram.com/brightfunded
  • YouTube: https://www.youtube.com/@BrightFunded
  • X (Formerly Twitter): https://x.com/brightfunded
  • Linkedin: https://www.linkedin.com/company/brightfunded

Expert Suggestions

BrightFunded is a Dutch prop trading firm operating since 2022. It offers attractive benefits such as profit split up to 100% and an infinite funding through scaling.

However, there's nothing for sure about the credibility of this firm, and there has been some negative reviews of it. Therefore, proceed with caution and conduct your own research before paying for the challenges.

FAQs

How long does it take to become a funded trader with BrightFunded?

The timeframe varies, but traders can potentially complete both challenge phases in as little as 10 trading days.

Can I use Expert Advisors (EAs) with BrightFunded?

Yes, the firm allows the use of EAs on their proprietary platform.

Is BrightFunded regulated?

The company operates as a prop trading firm and is not regulated as a broker. However, they use regulated brokers for order execution.

What is the first profit target on BrightFunded?

The 1st profit target in trading with the prop firm is set at 8%.

What's the maximum profit split in BrightFunded?

It provides up to a 100% profit share in the challenges.

How much is the minimum price on challenges in BrightFunded?

You can start by paying 55 EUR to the prop firm.

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