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.