BrightFunded
CEO
Director
Established
Country
Broker
Platforms
TrustPilot
Instruments
- 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 agricultu
Leverage
- Forex(FX) - 1:100
- Gold & Commodities - 1:40
- Indices - 1:20
- Crypto - 1:5
Demo Account
Payout Stats
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Top 10 all-time payouts
Statistics not available!
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BrightFunded
Rules
While there are some well-known common rules, such as restrictions on the use of Expert Advisors (EAs), High-Frequency Trading (HFT), latency arbitrage, and any trading activity that exploits platform inefficiencies, there are also firm-specific rules that traders need to consider.
Through extensive research into the terms and conditions of all listed prop trading firms, we have identified some major key rules that you should be aware of before joining any of these funded programs.
To maintain a fair and secure trading environment, BrightFunded has established specific rules and guidelines, including certain prohibited practices. Below is an overview of the most pertinent information:
1. Prohibited Trading Practices
To ensure market integrity, BrightFunded prohibits the following behaviors:
- Exploiting Service Errors: Taking advantage of service errors, such as delays in price display or updates, is strictly prohibited.
- Use of Unauthorized Software: Employing software, artificial intelligence, ultra-high-speed trading, or mass data entry methods that could abuse the system or provide an unfair advantage is not allowed.
- Prohibited Hedging Practices: Hedging the same financial instrument across different trading accounts is strictly prohibited. If detected, a first-time violation will result in a soft breach, including a warning and closure of all trades. A second violation will lead to permanent account closure. Hedging within the same account is permitted.
- Unauthorized Copy Trading: Copy trading is allowed only between accounts owned by the same individual. Copying trades between accounts not owned by the same person, including those of relatives or friends, is strictly prohibited. Violations can lead to profit deductions, account resets, or account closure.
2. News Trading Policy
BrightFunded's guidelines for trading around news events are as follows:
- Phase 1 and Phase 2: Traders can trade around news events freely, with no restrictions.
- Funded Star Account: Trading within a 10-minute window surrounding significant news releases—defined as 5 minutes before and 5 minutes after the event—is prohibited. Violations will result in a deduction of the profit made on that particular trade. Executed trades during this period that lead to a loss won't be compensated. This is considered a soft breach and will not result in account termination.
3. Risk Management Guidelines
BrightFunded advises traders to adhere to prudent risk management practices:
- Negative Available Margin: If your available margin falls below zero, resulting in a negative available margin, this will constitute a soft breach of your account.
Adhering to these rules and guidelines is essential for maintaining your account's standing with BrightFunded. Engaging in prohibited practices can lead to actions ranging from warnings to the termination of the account and cessation of cooperation. For the most detailed and up-to-date information, please refer to BrightFunded's official Terms & Conditions and Help Center.
Are we missing a rule?
Breach Rule Update:
Negative Available Margin or Hedging Between Different Accounts,If your account is found with a Negative Available Margin or Hedging Between Different Accounts, you will receive a Soft Breach instead of a Hard Breach. Only the trades that caused the breach will be closed, enabling you to resume trading on the affected accounts without disruption.
NOTE: If a Negative Available Margin is detected, the relevant account will always be subject to a Soft Breach. However, if Hedging Between Different Accounts is detected, a Soft Breach will be issued only once. After this initial Soft Breach, the relevant accounts will be subject to a Hard Breach.Effective Tuesday, August 13, 2024
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See what people say about us
Unique idea which brings the transparency to a new level, I’m fully supporting it and would love to see how they will verify payouts numbers.
Chart Nomads built something exceptional. I am confident the whole industry will benefit out of their platform.
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I definitely love the website and all the features it has and most people should definitely check it out and use it for them self. It has great information that traders always can use.
As a funded trader, I can vouch for ChartNomads. Their verified reviews and rule updates make them my go-to for everything in prop trading.
A MUST need Tool for every Prop Trader. Beginner Friendly and packed with details to find the best fit for the clients needs. Can’t recommend this enough!
A MUST need Tool for every Prop Trader. Beginner Friendly and packed with details to find the best fit for the clients needs. Can’t recommend this enough!
I definitely love the website and all the features it has and most people should definitely check it out and use it for them self. It has great information that traders always can use.
As a funded trader, I can vouch for ChartNomads. Their verified reviews and rule updates make them my go-to for everything in prop trading.
Unique idea which brings the transparency to a new level, I’m fully supporting it and would love to see how they will verify payouts numbers.
Chart Nomads provides an incredible service to the prop trading community. I respect the deep and unbiased analysis on the most important topics.
Love the effort Chart Nomads have put to bring this unique ,overall great product with unique features, setting new standards for the space! Try it out and wont be disappointed!
Chart Nomads built something exceptional. I am confident the whole industry will benefit out of their platform.
See what people say about us
A MUST need Tool for every Prop Trader. Beginner Friendly and packed with details to find the best fit for the clients needs. Can’t recommend this enough!
I definitely love the website and all the features it has and most people should definitely check it out and use it for them self. It has great information that traders always can use.
As a funded trader, I can vouch for ChartNomads. Their verified reviews and rule updates make them my go-to for everything in prop trading.
Unique idea which brings the transparency to a new level, I’m fully supporting it and would love to see how they will verify payouts numbers.
Chart Nomads provides an incredible service to the prop trading community. I respect the deep and unbiased analysis on the most important topics.
Love the effort Chart Nomads have put to bring this unique ,overall great product with unique features, setting new standards for the space! Try it out and wont be disappointed!
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