BrightFunded

News-Trading Rules

1. Evaluation Phases (Phase 1 & 2):
• There are no restrictions; news trading and news-based strategies are fully allowed.

2. Funded Account:
• Trading is prohibited during a 10-minute window: 5 minutes before and 5 minutes after high-impact news.
• Prohibited execution: manually opening or closing positions, or triggering pending orders, including stop loss (SL) and take profit (TP).
• Penalty: This is treated as a soft breach. Profits generated during the restricted period are deducted, while losses are not reimbursed.

3. Swing-trade exception (48 hours):
• If a position was opened 48 hours or more before the news and its take profit is triggered during the restricted window, the profit will not be deducted and the trade is exempt.

4. Important Notes:
• Positions opened before the event may be held, but triggering SL or TP within the 10-minute window is considered a breach.
• Restrictions apply only to currencies or instruments directly affected by the event (targeted instruments). Other instruments may be traded normally.

Summary:
On the funded account, do not execute or close positions within 5 minutes before or after high-impact news unless the trade has been open for at least 48 hours.

Payout policy for all account types

The first payout is available after one month.
Subsequent payouts are available every two weeks.
You receive 80% of your profits.

Checkout Add-ons
You can add bi-weekly payouts.
You can add weekly payouts.
You can add a 90% profit split.
You can add a 100% profit split.

Overnight and weekend holding is allowed on all accounts.

How to Scale Your Funded Account Without a Cap

1- Scaling Eligibility Requirements:
Your account is evaluated over 4 consecutive months, and the following requirements must be met:
• Profitability: Record a profit in at least two of the 4 months, with total profit of no less than 10%.
• Payouts: Complete at least two payouts (2 Payouts) during the evaluation period.
• Account Balance: At the time of the scaling request, the account balance must be at or above the original capital.

2- Upgrade Benefits:
• Capital Increase: The account size increases by 30% of its original value during each scaling cycle.
• No Cap: You may continue scaling indefinitely as long as the requirements are met.
• Additional Reward: Starting from the third upgrade, the trader receives a 100% profit split.

3- Important Notes:
• Scaling is not automatic. You must contact the support team and request the upgrade after meeting all requirements.
• If the requirements are not met within the 4-month period, the evaluation counter resets and a new 4-month period begins.

Summary:
Achieve 10% profit and complete two payouts within 4 months → receive a 30% capital increase and continue scaling until you reach a 100% profit split.

How to Merge Accounts

1- Account sizes eligible for merging:
Merging is allowed only to reach account sizes officially offered by the firm:
• Two 5K accounts → one 10K funded account.
• Two 25K accounts → one 50K funded account.
• Two 50K accounts → one 100K funded account.
• Two 100K accounts → one 200K funded account.
(Note: Two 10K accounts cannot be merged because the firm does not offer a 20K account.)

2- Basic Eligibility Requirements:
• Funded Stage Only: Merging is available exclusively for accounts that have reached the funded stage.
• Matching Add-Ons: Accounts must have exactly the same features and platform. For example, an account with a 90% profit split cannot be merged with one offering 80%.
• Clean Accounts: The merge must be requested before any trade is placed on the new accounts, or immediately after receiving a payout and before trading resumes.

3- Important Notes:
• A maximum of two accounts may be merged at one time.
• The merge is final and cannot be reversed or split into separate accounts later.

Summary:
Make sure your funded accounts are clean and have identical features, then request a merge to reach a larger account size officially supported by the firm.

If the account remains without any trade for 30 days, it will be permanently closed.

Copy Trading Rules

1- What Is Allowed:
• Copy trading is allowed only between accounts owned by the same person, including other BrightFunded accounts, accounts with other evaluation firms, or personal brokerage accounts.

2- Strictly Prohibited:
• Copying trades from accounts you do not own, including accounts owned by relatives, friends, or family members.
• Signal Trading: Trading based on signals from external groups is prohibited.
• Account Management: Managing other people's accounts or offering challenge-passing services is strictly prohibited.

3- Detection and Penalty System:
• The firm uses an advanced system to detect significant similarities in entry points, exits, and lot sizes across different accounts.
• When a violation is detected, penalties may include:
   - Formal warning, profit deduction, and account reset.
   - Immediate account closure without paying any profits if the violation is repeated or considered serious.

4- Purpose of the Rules:
• The objective is to ensure that participants trade independently and fairly, and to prevent any attempt to exploit the system or manipulate results through coordinated copying.

Summary:
You may copy trades only between your own personal accounts. Any similarity with accounts owned by others may trigger a manual review and could result in losing your account.

1- Is It Allowed?
• Yes, it is fully allowed. The firm understands the need for mobility and flexibility, so you may use a VPN, VPS, or different IP addresses while travelling.

2- Core Requirement:
• The account owner must be the only person who accesses the evaluation or funded account and executes trades.

3- Warning:
• No person other than the original owner may access the account, regardless of whether a VPN is used.

Summary:
As long as you are personally placing the trades, you are free to change your IP address or use your preferred private-connection tools.

National ID, passport, or driving licence.
Proof of address (bank statement, water bill, or electricity bill).
Selfie photo.

Are EAs Allowed?

1- General Position:
• Yes, it is fully allowed. The firm permits the use of Expert Advisors as part of the trader's toolkit.

2- Conditions of Use:
• The EA must comply with every trading rule, including daily and maximum drawdown limits.
• When using a third-party EA, be aware that other traders may use the same system, which can create similar trading patterns across accounts.

3- Important Technical Notes:
• Platform Compatibility: Automated trading and API connections are not supported on DXtrade.
• Responsibility: The firm is not responsible for technical errors, execution failures, or unexpected behavior caused by your EA.
• Recommendation: Thoroughly test the EA and confirm that it is compatible with the platform environment before relying on it.

4- Monitoring and Risk:
• Although an EA executes trades automatically, it must be monitored continuously to ensure it performs as expected and does not expose the account to unmanaged risk.

Summary:
EAs are allowed, except on DXtrade, but you remain fully responsible for monitoring the EA and complying with all risk-management rules.

Prohibited Conduct Rules

1- Platform and data manipulation:
• Exploiting Errors: Exploiting any technical malfunction or price-feed delay to obtain unfair profits is prohibited.
• External Data: Using slow or incompatible external data sources in an attempt to anticipate price movements is prohibited.
• High-Frequency Trading (HFT): Bots that execute orders at superhuman speed or rely on latency to exploit micro-movements are prohibited.

2- Hedging & Coordination:
• Hedging Rule: Opening opposite positions (long and short) on the same instrument or highly correlated instruments across multiple accounts is prohibited.
• Coordinated Manipulation: Coordinating with other traders to open opposite positions in order to reduce risk and pass one of the accounts by gaming the system is prohibited.

3- Prohibited Abusive Strategies:
• Grid Trading: Placing buy and sell orders at predefined intervals is prohibited due to its high risk and lack of independent analytical decision-making.
• Arbitrage: Exploiting price differences between brokers.
• Tick Scalping: Entering and exiting within a few seconds to capture extremely small profits using oversized lot sizes.
• News Trading: Subject to specific restrictions; review the firm's news-trading policy to avoid exploiting abnormal price gaps.

4- Risk-Abuse Practices:
• Excessive Leverage: Using the maximum available leverage on every trade in an unsustainable manner.
• Overexposure: Opening oversized positions on correlated assets, such as going long both EUR/USD and GBP/USD, thereby concentrating risk in one direction.
• One-Sided Betting: Continuing to add to losing positions (averaging down) against a clear market trend.
• Account Rolling: Deliberately closing losing accounts before the evaluation ends to avoid tracking actual performance.

5- Use of AI and Software:
• Any AI system designed to predict market movement in advance or scan massive amounts of data to create an unfair advantage beyond human trading skill is prohibited.

Summary:
The firm's objective is to evaluate human skill and discipline. Any activity based on technical loopholes, manipulation across multiple accounts, or irresponsible risk-taking will result in immediate account closure and exclusion from future evaluations.