At BrightFunded, copy trading is permissible for trades between BrightFunded accounts, evaluation firms, or retail brokerage accounts, provided all such accounts are held by the same person. This enables you to copy trades between any and all accounts you own.
However, copying trades between accounts not owned by the same individual, including those of relatives, family, or friends, is strictly prohibited. This prohibition also applies to Signal Trading (trading based on signals from community groups) as well.
BrightFunded utilizes an advanced detection system that flags accounts showing a high similarity in trade patterns (such as Opening Price, Closing Price, trade size, ratio of trade size, and trade symbols) to others. Upon detection, flagged accounts are subjected to manual inspection. Depending on the findings, consequences can range from:
1. Receiving a cautionary notice with profit deductions and an account reset.
2. If your account is not in profit, the account faces immediate closure without any profit distribution.
Unauthorized activities such as copy-trading, managing accounts on behalf of others, or offering services to help pass Challenges are strictly prohibited. It is required that all traders trade independently.
Non-adherence to these rules may result in either a formal caution or direct termination from the BrightFunded platform, based on the violation's gravity. The aim behind setting these copy-trading rules is to assure fair and ethical trading practices among all participants, thereby preventing misuse of the system. Adherence to these principles allows traders to leverage the benefits of copy trading while upholding the system's integrity.