BrightFunded Review – Is This the Forex Trading Boost You Need?
Have you ever wondered if BrightFunded could be the ticket to kickstart your trading journey? This is a relatively new prop trading firm with a decent website.
Are they truly reliable after all? Let’s cut through the noise and take an honest look at what they offer. Dive into our BrightFunded review for more facts!
|Type of company
|Warnings from Financial Regulators
|No official warnings
|Raadhuisstraat 22, 1016DE, Amsterdam, The Netherlands
|Majority of clients are from
|Netherlands, Turkiye, India, United Kingdom, United States
|Email, chat, and contact form
Company Insights and Safety Measures
We can see that BrightFunded is a new player from The Netherlands. This prop firm invites traders to explore the forex market with their capital. No matter your experience level, they say they’ve got a platform to tackle common trading challenges.
What’s in it for you? BrightFunded prop firm lets you earn tokens through challenges and funded accounts. And this may add an extra edge to your trades. They flaunt the chance to trade with up to $400,000, with room for growth through their scaling plan.
How Does BrightFunded Work?
This one is ranked among the top funding companies for forex enthusiasts. This is something!
The company introduces an online evaluation challenge. The challenge is called Mars ($10,000), and their motto is to reach it before Elon does.
Nail it, and you’re in for a funded account and potential profits. They’ve got a structured evaluation process, promising a share of the profits to help you build a passive income stream.
How Can I Get Started?
This company says that setting sail on your BrightFunded funded account journey is a breeze. Let’s take a look at the process:
- Choose Your Destination: Pick your preferred trading account size from the available options.
- Configure Your Challenge: Fine-tune your chosen account size, check out the pricing details, and get ready to make a move.
- Fill In Your Details and Make Payment: Share your details, seal the deal, and once your payment’s confirmed, your account credentials are on their way to your inbox.
Trading Instruments Offered By BrightFunded
This prop firm opens up a world of possibilities. Apparently, they support 100+ trading instruments and 25+ crypto pairs.
They claim to cover it all—crypto, forex pairs, indices, commodities, and stocks. However, there is a drawback. Namely, specific examples or pairs aren’t listed on their site. In our opinion this simply ruins transparency.
Note: Despite claiming to be located in the UK, STB Markets isn’t regulated by the FCA. If you check their database, you won’t find this company. The broker also offers bonuses and leverage of 1:100, which violates UK regulations.
What Does It Cost to Join BrightFunded?
Joining this trading company comes with different price tags based on the account size you choose. Each account size has a unique price:
- $10,000 account: $95.
- $25,000 account: $195.
- $50,000 account: $295.
- $100,000 account: $495.
- $200,000 account: $975.
Once you’ve made your purchase, you’re ready to dive into your account and kick off the evaluation process. And, the good news? There seem to be no sneaky additional fees after your initial evaluation fee.
The Payout Process
What is there to know about payouts here? This company offers not one but two ways to earn during your trading journey.
First, there’s the agreed profit share. This one allows you to make tangible cash withdrawals and steadily build a passive income. Then there’s the Trade2Earn program.
Tip: Did you know there is a BrightFunded affiliate program? This program offers a 10% commission on every purchase made by a referred trader, not only the first purchase.
What’s the Deal with Trade2Earn?
So, what makes Trade2Earn so special? Trade2Earn is BrightFunded’s nifty rewards program, acknowledging traders for their consistent performance.
We can see that it rewards you based on your trade volume, whether your trades are in the green or not. Namely, tokens come your way in both the challenge and funded account stages.
BrightFunded Reviews – What Are People Saying?
This firm has an impressive 4.5-star rating on Trustpilot from 68 users. It’s a bit surprising for a newcomer, but a confidence boost is always a good sign. Still, we should point out that some users on Reddit and other forums expressed dissatisfaction with this company. They also expressed dissatisfaction with other prop firms in general.
Our advice? Consider firms with a 4.5-star rating or higher, especially when it comes to your finances. This goes without saying!
Tip: What is FP Markets? We can say that this is one of the most popular brokers, founded back in 2005 in Australia. Besides having over 18 years of trading experience, they also follow ASIC and CySEC regulations.
Getting BF Tokens – Easy and Automatic
We should also note that getting BF tokens is a breeze. How can you do it? You can simply trade in your account, and the tokens pop in automatically after each trade.
Once you’ve got a number of them, you can use them for different perks that this company offers. Or, if you’re interested, transfer them straight to your crypto wallet. It’s relatively simple, by all means!
Check out your token balance and manage everything on the dashboard. This entire process is indeed beginner-friendly.
Bonus: Earning Money Trading
Ready to make money through online trading? It’s easier than ever! What’s more, we’re here to guide you through the exciting world of forex and crypto trading. Make sure you reach out to us for a free Zoom consultation!
And don’t miss our exclusive offer! Collaborate with our proprietary trading firm and potentially earn up to $180,000. It’s a fantastic way to get started on your financial journey.
In wrapping up, we can see that this prop firm looks promising on the trading scene. We’ve covered the costs, payout strategies, and what users are saying. Overall, the company is interesting, but they should be more transparent regarding certain details.
As you weigh your options, keep in mind our proprietary trading firm, offering potential earnings of up to $180,000! Navigate wisely, and choose the path that aligns best with your trading goals.
What is BrightFunded?
BrightFunded is a prop firm for forex trading that offers many opportunities.
Is BrightFunded a Legit Firm?
BrightFunded is a fair prop firm based in The Netherlands.
What’s Profit Split With BrightFunded Prop Firm?
According to their support, 80% goes to traders, and 20% goes to them.