Q5. How do I become a Bitfunded Trader?
Our simulated trading challenge consists of 2 steps that you must pass before becoming a Bitfunded Trader: 1. Stage 1: The initial demo phase of the Evaluation Process. To proceed to 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 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. - 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 challenges users can purchase, whether they are of the same type or different types. However, during the 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 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.