Brightfunded account types and differences provide a large number of account types to accommodate different traders with diverse capital needs and skill levels. Under the direction of CEO Jelle Dijkstra, BrightFunded is a proprietary trading firm with headquarters in the Netherlands that provides traders with a special chance to access funded trading accounts via a methodical assessment procedure. The firm sets itself apart by offering a wide variety of trading products and a specially designed trading platform that can accommodate traders with different degrees of expertise and investment capacity. This article will examine brightfunded account types and differences.
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Account Size Offerings
BrightFunded offers six different account sizes across multiple currencies (USD, EUR, and GBP):
Account Size: $5,000
- Price (EUR): ā¬55
- Designed For: Entry-level traders
Account Size: $10,000
- Price (EUR): ā¬95
- Designed For: Emerging traders
$25,000: Account Size
- Price (EUR): ā¬195
- Designed For: Intermediate traders
Account Size: $50,000
- Price (EUR): ā¬295
- Designed For: Advanced traders
Account Size: $100,000
- Price (EUR): ā¬495
- Designed For: Professional traders
$200,000: Account Size
- Price (EUR): ā¬975
- Designed For: Experienced traders
Unified Challenge Framework
BrightFunded uses the same two-step review procedure for all account types, regardless of the differences in account sizes:
Phase 1: The ChallengeĀ
- Profit Goal: 8% of the total amount in the account
- Maximum Daily Loss: 5%
- Five days are the minimum trading days.
- Maximum Days of Trading: Unlimited
Phase 2: The Verification
- 5% of the account balance is the profit target.
- 10% is the maximum total drawdown.
Features Across All Account Types
- Profit Split: Always 80/20 in the traderās favor.
Leverage option varies depending on the trading instrument;
- Forex: 1:100
- Commodities & Gold: 1:40Ā
- Indices: 1:20
- Cryptocurrency 1:5
Variety of Trading Instruments
A wide variety of trading instruments are accessible through each account type:
- Cryptocurrencies: Solana, Ethereum, and Bitcoin
- Forex Currency Pairs: Include major, minor, and exotic currencies.
- Indices: NASDAQ, S&P 500
- Commodities: Agricultural goods, gold, and silver
Distinctive Platform Features
- Available on Desktop, Android, and iOS versionsĀ
- Custom-built trading platform
- Smooth transaction execution and monitoring of performance
- No third party platforms such as MT4 or MT5
Methodology for Risk ManagementĀ
BrightFunded employs strong risk management for all account sizes:
- Maximum Daily Loss: 5%
- Maximum Overall Drawdown: 10%.
- Balance-based Drawdown Reset
- No requirement for a mandatory stop-loss
Additional Trading Considerations
Permitted Trading Practices:Ā
- Expert advisors (EAs) permitted.
- Copy trading (with current platform limitations)
- News trading is permitted with specific restrictions.
Payout Structure:Ā
- First 30 Days: Initial payout
- Subsequent payouts: Every 14 days
Opportunities for Scaling
Traders with funded star accounts can benefit from a scaling plan that allows capital increase every four months, providing long-term growth potential.
Pricing and Accessibility
With entry points as low as ā¬55 for the $5,000 account, the tiered pricing scheme guarantees that traders may choose an account size that corresponds with their trading capital and risk tolerance.
In conclusion
BrightFunded provides a full-featured prop trading system that is trader-friendly, transparent, and offers a variety of account kinds. The firm offers scalable opportunities across a variety of account sizes and trading products, regardless of your level of experience.Ā
Frequently Asked Questions
1. What Is Brightfunded Profit Split?
- BrightFunded offers a 80/20 profit split, where the trader gets 80% and the firm gets 20%.
2. What Withdrawal Options Are Available In Brightfunded?
Traders can withdraw profits through:
- Bank Transfer (via Wise)
- Cryptocurrency (USDT)
3. What Makes BrightFunded Different From Other Prop Firms?
- Prop trading platform
- No third-party platforms such as; MT4 or MT5
- Transparent two-step evaluation process
- Flexible trading conditions
- Diverse account sizes to suit different trader levels
4. What Account Sizes Does BrightFunded Offer?
BrightFunded provides six account sizes:
- $5,000
- $10,000
- $25,000
- $50,000
- $100,000
- $200,000
