Q1: What is BitFunded?

Bitfunded is a proprietary trading firm that offers simulated trading challenges. Successful traders are rewarded with demo funded accounts, allowing them to trade with Bitfunded’s demo capital and earn performance-based rewards based on their simulated trading results.

Q2: How do I join BitFunded?

To join Bitfunded, select the challenge level that suits your experience and pay the associated challenge fee. Once registered, you can start trading within the simulated environment according to the challenge rules.

Q3: What trading pairs can I trade on Bitfunded?

Bitfunded supports trading across a wide range of crypto-based trading pairs in a simulated environment. The specific pairs available for the trading practices are listed on our platform and are regularly updated to reflect the latest market trends.

Q4: Why should I join BitFunded?

Traders deserve the opportunity to practice and refine their skills using demo funded accounts. Bitfunded provides an educational and simulated trading experience, allowing traders to develop risk management skills and trading discipline while working towards their financial goals in a virtual trading environment.

Q5: How do I become an BitFunded Trader?

Our simulated trading challenge consists of 2 steps that you must pass before become an Bitfunded Trader:

1. Stage 1: is the initial demo phase of the Evaluation Process. To proceed to the Stage 2, you must demonstrate both your trading expertise and adherence to our set Trading Objectives.

2. Stage 2: The second and final step towards becoming a Bitfunded Trader. This step is very similar to Stage 1 but with a lower requirement for appreciation of the demo capital. The purpose of Stage 2 is to confirm that the results obtained in Stage 1 were not merely coincidental.

3. Bitfunded Trader: If you successfully complete the entire evaluation process, you will become a Bitfunded Trader with a Bitfunded Simulated Trading Account of up to 100,000 USDT. Trade consistently on our platform and earn rewards based on your simulated trading performance.

Q6: What are the different challenge levels offered by BitFunded?

Bitfunded offers five simulated trading challenge levels: Base, Starter, Intermediate, Advanced, and Expert. Each level has its own virtual account balance, challenge fee, and profit targets.

Q7: What are the rules for trading in a Trading Challenge?

To successfully complete each step of our evaluation process, keep the following rules in mind:

– Each challenge level has a set Profit Target. You must achieve the Profit Target with no open positions, in order to clear each objective.

– You can trade for as many days as you need to reach your account’s goal. However, you must actively trade for at least 5 days. If you reach your Profit Target in less than 5 days, you must continue trading until you have completed at least 5 trading days.

– Each challenge level has a Maximum Daily Loss and Maximum Loss. Exceeding any maximum drawdown limit will result in immediate disqualification from the challenge. Traders are encouraged to manage their risks carefully within the simulated environment.

Q8: What happens if I exceed the maximum loss limit or the daily loss limit?

Exceeding the maximum loss limit will result in immediate disqualification from the challenge. If you exceed the daily loss limit, all your trades will be automatically closed, and you will be disqualified from the simulated trading challenge.

Q9: What is the settlement time and when does it occur?

The settlement time reset refers to the moment when the trading platform transitions from one day to the next. This means that the daily loss limit resets at this time and that trades taken from that moment will count as a new trading day. This occurs at 00:00 UTC+8.

Q10: Can I participate in multiple challenges at the same time?

There is no limitation on the number of simulated trading challenges a user can purchase, whether they are

of the same type or different types. However, during the Bitfunded Trader Stage, only one ongoing challenge per level is permitted at a time.

Q11: What payment methods are allowed?

You can pay for a Trading Challenge via digital tokens (USDT) or credit card (Stripe). We start processing your Bitfunded Challenge Account as soon as we receive the payment. You will receive your trading challenge notification by email.

Q12: I have successfully passed my Stage 1, now what?

After you meet all the Profit Target objectives in your Stage 1, you will no longer need to trade on that account. After approximately 2 business days, we will send your new simulated trading account login credentials for Stage 2.

Q13: How is the Reward determined?

The default payout ratio for all Bitfunded Traders is set to 80:20, with 80% of the rewards based on simulated trading results going to the trader and 20% to Bitfunded. However, if you meet the conditions of our Incentive Scaling Program, the payout ratio can increase up to 90:10.

Q14: How and when can I withdraw my rewards?

Withdrawals of performance-based rewards can be requested monthly. Rewards are transferred through digital tokens (USDT), subject to Bitfunded’s withdrawal terms.

Q15: How do I qualify for the Incentive Scalling Program?

As a Bitfunded Trader, you have the opportunity to increase your virtual account balance and payout ratio up to 90:10 if you meet the conditions of our Incentive Scaling Program.

• Generate at least 10% net demo profit in four consecutive months (an average of at least 2.5% net demo profit per month).

• Process at least 2 withdrawals within four months.

• Your account balance must be above the initial virtual balance at the time of scale-up.

Q16: Where can I find more information about the trading challenges?

Detailed information about each challenge, including rules, objectives, and FAQs, is available on the BitFunded platform under the specific challenge section.

Q17: How does an BitFunded Account work from the technical side?

All trading on Bitfunded takes place on our simulated platform. Although all trades are simulated, market data is real and provided by some of our partner exchanges.

In a separate process, Bitfunded also trades on real accounts with its own capital, utilizing, among other things, data from simulated trades executed by Bitfunded Traders. This execution occurs without any impact on Bitfunded Traders and their simulated trading experience.

In a separate process, BitFunded also trades on real accounts on its own behalf and with its own capital with real financial means, utilizing, among other things, data from simulated trades executed by our BitFunded Traders. This execution occurs without any impact on BitFunded Traders and their simulated trading.

Q18: Who can I contact for support or to resolve a dispute?

For support or to address any concerns, please contact our dedicated support team through the contact form on our website or email us directly at support@bitfunded.com