1. What is Minimum Holding Time?
At BrightFunded, we do not enforce a minimum holding time on trades. However, tick scalping is not allowed. We also recommend avoiding the closure of too many trades in very short periods of time.
2. What kind of DD Style BrightFunded offer?
The Drawdown (DD) style we use is Balance-Based. The Daily loss is automatically resets between 11:30 PM CET and 11:59 PM CET, during the rollover period.
3. Is Stop Loss mandatory?
No, using a Stop Loss is not mandatory at BrightFunded. However, it is a highly recommended risk management tool that helps protect your capital by limiting potential losses.
4. Can I use Copy Trading?
Yes, copy trading is allowed only between accounts owned by the same person. This includes BrightFunded accounts, evaluation firm accounts, or retail brokerage accounts, as long as all accounts are under your name.
5. Is my country restricted to buy a challenge?
You are eligible to buy a challenge unless you reside in one of the following restricted countries: Cuba, Iran, North Korea, Syria, or Vietnam.
6. How long does it take to receive a payout?
Once requested, payouts are processed by our finance team within 1 day.
7. How many challenges can I buy?
There is no limit to the number of challenges you can purchase.
However, please note that during the Funded Phase, the maximum total capital you can hold is $400,000. If you pass additional Phase 2 accounts that exceed this limit, those accounts will be placed on hold until one of your funded accounts is breached.
8. What are Market Rollover Spreads?
In the forex market, rollover time (usually between 11:00 PM and 12:00 AM CET) marks the end of one trading day and the beginning of the next.
During this period, market liquidity drops significantly as major institutions reset their positions. As a result, spreads (the difference between the bid and ask prices) often widen sharply. These wider spreads can cause unexpected losses.
9. Can I register as a company?
Yes, at BrightFunded you can register as a company. To do so, simply complete your initial registration as an individual, using your company address. Once your account is created, you can add your business information in the Profile section.
10. Can I use someone else's card to purchase an account?
Yes, it is possible to use someone else’s card to purchase an account, as long as you have their explicit permission. However, the payment providers may reject the transaction if they detect that the buyer's name does not match the cardholder's. This is part of their security measures to prevent fraud.
Still, if you have the cardholder’s consent, you can try to complete the purchase. In many cases, the transaction will be approved without any issues.