BrightFunded vs Competitors: What Makes Them One of the Best Prop Firms?

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The right prop trading firm can make or break a trading career. You may have heard of big names such as BrightFunded, FTMO, and Topstep, but what could set BrightFunded apart? So, let’s do an analysis and see why BrightFunded can be the best choice for traders.

Exploring What Sets BrightFunded Apart from Other Prop Firms

First up, The Evaluation Process

prop firms with high profit split

BrightFunded maintains a simple and fair process using two phases for evaluation: Challenge and Verification. The Challenge phase is where traders have an 8% profit target within a  daily loss limit of 5% and overall loss limit of 10%. Verification has a target of 5%, with the same loss rules. It allows the traders to progress at their own pace and after being funded there are no profit targets or deadlines to follow — just consistent loss limits to adhere to. And it’s affordable too, with fees starting at only €55 for a $5,000 account.

FTMO also features a two-phase evaluation, but you have to work a little harder. In both phases, to clear the second phase of the challenge under Normal Mode, traders will have to hit a 10% profit target per phase. Aggressive Mode enables you to shoot for higher targets, but it also increases more risk as it operates with higher daily and overall drawdown limits. Fees are higher, €155 for a €10,000 account. Also successful traders can scale up $2 million.

Topstep, on the other hand, charges a monthly fee  starting at $165 for a $50,000 account.  Their two-step evaluation comes with a 6% profit target, a 2% daily loss limit, and a trailing drawdown of 3-4%. There’s no time pressure, but if you don’t pass, you’ll need to pay another month’s fee to try again.

When it comes to the evaluation process, BrightFunded wins with its low fees, flexible timeline, and straightforward rules.

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Now, Let’s Talk About Profit Splits and Payouts

evaluation process

BrightFunded provides traders with an excellent starting point, offering an 80/20 profit split. As your account size grows, the split improves to 90/10, and eventually, traders can keep 100% of their profits while scaling their account by 90%. What sets BrightFunded apart is their fast payout system—funds are processed within 4 hours, with payout options including crypto or bank transfers, ensuring traders receive their earnings quickly and hassle-free.

With FTMO, you can receive a profit split of up to 90%, however they only pay out once monthly. They do periodically boost account balances for repeat customers, but for others, the double-whammy of a one-time challenge fee can feel quite intimidating.

Topstep keeps it simple with weekly payouts, meaning after 30 winning trading days you can walk away with 100% of what you earned. In the Express Funded Account, you can apply for up to $5,000 or 50% of your balance after only five successful days (Net PNL of $200 per day). As for the Live Funded Account, it’s pretty much the same too—you will be able to request for up to 50% of your balance (after 5 days of winning), also with a $200 Net PNL minimum.

When it comes to flexibility and speed, BrightFunded’s scalable profit split and fast payouts make it a clear leader among the best prop firms.

What About The Instruments Available for Trading?

prop trading instruments

BrightFunded has a wide selection of instruments, including cryptocurrencies, forex rates (major, minor, and exotic), indices, and hard/soft commodities. That diversity allows for nice range in market exploration and a diversification in strategy. 

FTMO offers a similar instrument offering including forex, indices and commodities, making it quite competitive for traders looking for variety.

Topstep, however, focuses almost entirely on futures, with instruments from well-known exchanges like CME and NYMEX. While their futures offering is solid, it lacks the broader coverage found at BrightFunded and FTMO.

For traders who want a broader selection of markets, BrightFunded stands out with its inclusion of cryptocurrencies and other instruments, securing its place among the best prop firms.

Let’s Move On to Trading Rules and Flexibility

flexible trading rules

BrightFunded promotes a flexible trading environment, where multiple strategies are allowed as long as the rules are respected. While overleverage, hedging, and exploiting service errors are prohibited, there is enough room for traders to test their skills. News trading is allowed during the Challenge phase, though restrictions apply in the funded stage to avoid major market disruptions. Even Expert Advisors (EAs) are welcome, provided they stick to the guidelines.

FTMO is also flexible with trading strategies (algorithmic and EAs are allowed), but some practices such as overleveraging are prohibited. News trading allowed but restrictions after evaluation, similar to BrightFunded.

Topstep places many more restrictions than FTMO does: No weekend trading, no overnights with news, stricter drawdown and daily loss limits. News trading is discouraged, especially after passing the evaluation.

For traders seeking freedom and flexibility, BrightFunded offers a more accommodating approach.

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Finally, Let’s Talk About Customer Support and Reputation

prop firms with responsive customer support

BrightFunded shines with a 4.6-star rating on Trustpilot, backed by 309 reviews. Traders frequently praise their fast, responsive customer support, reliable payouts, and low spreads.

FTMO has a good reputation too but sometimes customers might point out the customer support speed. Even so, it is still a well-known brand in the industry.

Topstep, while reliable overall,  its slower customer support response times have been criticized, which can be frustrating for traders who need quick assistance.

With its excellent reputation and fast support, BrightFunded easily outshines its competitors in this area and is regarded as one of the best prop firms.

So, What’s The Final Verdict?

BrightFunded is all about affordability, flexibility and speed when compared to FTMO and Topstep. Its low fees, scalable profit splits and speedy payouts make it an appealing option for traders of all levels. Combine that with its wide range of instruments and top-notch customer support, and you can see why BrightFunded is one of the top best prop firms out there.

If you’re looking for a firm that balances risk and reward while giving you the tools to succeed, BrightFunded is the top choice among the best prop firms.

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Best reviews

Offers seasoned traders the opportunity to manage up to $10 million with a high leverage option, rewarding successful traders with up to 90% profit share.

Fast processing time for payouts, with a 48-hour guarantee.

BrightFunded operates on a 2-step evaluation model to identify skilled traders.

Provides fast-tracked access to live funds for confident and experienced traders.

Up to 95% profit split for top-performing trader.

Gold Funded offers a single-phase challenge with no time limits, providing traders the flexibility to achieve their trading objectives at their own pace.

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