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What are the current criteria for the evaluation process?
What are the current criteria for the evaluation process?
Updated over a week ago

The evaluation process at BrightFunded is based on a series of criteria designed to assess your trading skills, discipline, and consistency. Here are the main requirements that you will need to meet:

1. Trading Period: This is the maximum number of calendar days you have to get through the phase.

2. Minimum Trading Days: You must trade for at least 5 days during the Challenge as well as the Verification. These do not need to be consecutive.

3. Maximum Daily Loss: This is the maximum allowed loss in a single day. If you exceed this limit, the account will be terminated. For each phase, this is 5% from the initial balance. The maximum allowed daily loss resets every day between 11:30 PM CET and 11:59 PM CET (rollover). During this period you cannot trade. If your equity falls below the Daily Breach Level, your account will be considered breached.

4. Maximum Loss: This is the absolute maximum loss allowed on your account. If your account balance hits this level at any point, the account will be terminated. For each phase, this is 10%.

5. Profit Target: You must reach a set profit target within the trading period. For the Challenge phase this is 8%, for the Evaluation 5%.

After passing the Verification stage, and our review of your trading, you're set to become a BrightFunded Trader. To finalize your contract for your BrightFunded Account, we'll require an ID document (passport, national ID card, or driving license) to complete your identification process.

Note that BrightFunded does not offer services to individuals below 18 years of age, those listed on sanction lists, persons with criminal records related to financial crime or terrorism, and persons previously excluded due to a breach of the BrightFunded Account Agreement. If any of the aforementioned conditions are detected after the conclusion of a BrightFunded account.

For a comprehensive understanding of the rules, please visit our Trading Objectives section on the homepage.

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