What drawdown structure does Funded7 follow for traders?
💡 Answer
Drawdown Model
Funded7 uses a static (balance-based) drawdown model across all challenge types. The maximum loss limit is fixed from the initial account balance and does not trail with equity. On funded accounts, a High Water Mark applies. Both closed trades and floating P/L are included in calculations.
For detailed drawdown calculations, reset rules, and worked examples, see Funded7 official website.
More FAQs about Funded7
- Can traders use EAs, trade news, hold weekend positions, or copy trades at Funded7, and what strategies are prohibited?
- How do payments and refunds work at Funded7?
- How does Funded7 handle trader withdrawals in terms of payout limits, timing, and payment options?
- How is profit shared between the trader and Funded7 at the maximum level?
- What instruments and markets can traders access at Funded7?
- How much leverage is available at Funded7 for FX, indices, metals, and crypto assets?
- What are the supported trading platforms at Funded7, and who is the broker behind them?
- What are the spread, commission, and slippage conditions for traders at Funded7?
- What trading practices are restricted at Funded7, including rules on martingale and lot size limits?
- What are the main risk control rules enforced by Funded7 during evaluations?
- What types of trading programs can traders choose from at Funded7?
- What type of trading challenges does Funded7 require before funding?
- What is the funding limit at Funded7, and does the firm allow traders to scale their accounts?
- What is Funded7's Trustpilot rating and total review count right now?
- Does Funded7 offer 2-phase, 1-phase, or instant funding programs?
- What should traders know about account limits at Funded7, such as max accounts, merging rules, and lot size limits?
- Does Funded7 enforce identity verification, and when is KYC performed?
- Are traders from all countries allowed at Funded7, or are there restrictions?
Guides Where Funded7 Is Featured
- Prop Firms Offering Crypto Leverage of 1:2 or Higher
- Prop Firms Offering FX Leverage of 1:30 or Higher
- Prop Firms Offering Indices Trading
- Prop Firms Offering Maximum Profit Split of 90% or Higher
- Prop Firms Offering Metals Leverage of 1:10 or Higher
- Prop Firms Offering More Than $500k in Funding
- Prop Firms Offering Profit Split Starting at 75% or Higher
- Prop Firms With At Least 1 Years in Operation
- Prop Firms With cTrader Platform
- Prop Firms with More Than 50 Trustpilot Reviews
- Prop Firms With Trustpilot rating of 3.6 or higher
- Top Prop Firms That Accept Clients From Guinea Bissau
These guides include Funded7 alongside other prop firms, grouped by trading features, platforms, availability, and trader requirements.
Funded7 vs Seacrest Markets vs BrightFunded - Prop Firm Comparison (April 2026)
Side-by-side comparison of Funded7 vs Seacrest Markets vs BrightFunded. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated April 2026.
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Funded7
Funded7 is a Cyprus-based next-generation prop trading firm founded in 2025, offering One-Phase, Two-Phase, Two-Phase NEO, and Instant Funding challenges with account sizes up to $500,000. With trader-friendly rules (no consistency requirements during challenges), static drawdown models, and up to...
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Seacrest Markets
Seacrest Markets (formerly MyFundedFX) is a broker-backed prop evaluation program offering MT5 and Match-Trader simulated challenges with no time limits, up to $400,000 total simulated value across active accounts, 80% profit split on Live Sim accounts (with VIP tiers up...
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BrightFunded
BrightFunded (Bright Global FZCO) is a Dubai-based prop firm offering an unlimited-time, 2-phase evaluation (8% then 5% targets) with 5% daily and 10% max loss limits, trading on cTrader, DXtrade and MT5 with up to 1:100 FX leverage, and Funded...
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|---|---|---|---|
| Overview | |||
| Trustpilot Rating | 3.8 | 3.3 | 0 |
| Trustpilot Reviews | 70 | 1 | 0 |
| Headquarters | Cyprus | South Africa | United Arab Emirates |
| Age (Years) | 1 | N/A | N/A |
| Max Funding | $500,000 | $400,000 | $400,000 |
| Profit Split Start | 80% | 80% | 80% |
| Profit Split Max | 90% | 92.75% | 100% |
| Platforms | MT5 cTrader | mt5 match-trader | MT5 cTrader DXtrade |
| Assets | Forex (43 pairs: 7 Majors 21 Minors 15 Exotics) Indices (14) Precious Metals (Gold Silver Palladium Platinum) Oil (Energy) (USOIL UKOIL) Energies Crypto (BTC ETH LTC SOL BNB BCH XRP) | FX Metals Indices Energy & Commodities Crypto | FX Commodities Indices Crypto |
| Leverage | |||
| FX Leverage | 50 | 30 | 100 |
| Metals Leverage | 10 | 10 | 40 |
| Crypto Leverage | 3 | 2 | 5 |
| Risk & Drawdown Rules | |||
| Max Daily Loss | Maximum Daily LossFunded7 applies different daily loss limits by challenge type: 4% for One-Phase, and 5% for Two-Phase, Two-Phase NEO, and Instant Funding. The daily loss is calculated from the day's starting equity and includes both closed trades and floating P/L. Breaching this limit results in account failure. | Maximum Daily LossDaily loss limits depend on plan: 4% (1-Step), 5% (2-Step), 4% (3-Step). | 5 |
| Max Total Loss | Maximum LossFunded7 applies different overall loss limits: 8% for One-Phase (static from initial balance), 10% for Two-Phase and Two-Phase NEO (static from initial balance), and 6% for Instant Funding (static). All drawdown calculations are balance-based and include floating P/L. Breaching this limit results in account failure. | Maximum Overall Loss6% trailing (1-Step), 8% static (2-Step / 3-Step). | 10 |
| Drawdown Type | Drawdown ModelFunded7 uses a static (balance-based) drawdown model across all challenge types. The maximum loss limit is fixed from the initial account balance and does not trail with equity. On funded accounts, a High Water Mark applies. Both closed trades and floating P/L are included in calculations. | Equity-based (Trailing on 1-Step; Static on 2-Step/3-Step) | Drawdown ModelBrightFunded’s drawdown approach uses an end-of-day (EOD) high-watermark logic for daily risk: the daily permitted loss is always 5% of the challenge size, and the next day’s breach level is set using the highest balance or equity recorded at the end of the prior day. The daily loss resets during the rollover window (roughly 23:30–23:59 CET).Across the evaluation phases, the account must also respect a 10% maximum loss limit; breaching either the daily or max-loss thresholds invalidates the account. |
| Payouts | |||
| Payout Frequency | Payout FrequencyFunded7 traders are eligible for payouts every 7 days from the last withdrawal or account creation date. First payout can be requested after 7 days of funded trading.Note: There is a maximum monthly payout cap of $10,000 per client. Two-Phase NEO accounts can scale this to $12,000 (1.2x) upon reaching the cap. | Payouts every 14 days (VIP tiers faster). | Payout FrequencyOn Funded Star accounts, BrightFunded allows the first reward split request 30 days after the first trade. After the first payout, reward splits can be requested bi-weekly (every 14 days). Optional add-ons at checkout can enable weekly payouts (every 7 days) and/or an instant 90% profit split upgrade. |
| Days to First Payout | 7 | 14 | 30 |
| Payout Processing Time | Payout ProcessingPayout requests are processed within 1 business day. Withdrawals automatically close all open trades, and the account enters read-only mode until processing is complete. | Processing 12–72 hours. | Payout ProcessingBrightFunded states that payouts are typically processed by the finance team within about 1 day after a request is submitted, with final receipt time depending on the payment rail and compliance checks. |
| Payout Methods | Revolut Instant Crypto (ETH/USDC) Bank Transfer | Crypto RiseWorks | Crypto (USDC – ERC-20) Bank Transfer |
| Payments | |||
| Payment Methods | Credit Card PayPal Crypto | Credit/Debit Card Crypto Apple Pay | Credit/Debit Card Crypto |
| Trading Permissions | |||
| News Trading | News trading is allowed at Funded7. Traders can trade before, during, and after high-impact news releases for all challenge types and funded accounts. However, Funded7 advises trading news responsibly — excessive risk-taking around major releases that breaches daily or total loss limits will still result in account failure. | News trading restricted on Live Sim (±3 minutes). | News trading is permitted, but traders remain responsible for respecting all drawdown rules; spreads and slippage can widen materially during high-impact releases. Tick-scalping and any attempts to exploit pricing/data-feed errors are prohibited. |
| Weekend Trades | Weekend holding is fully allowed at Funded7. Traders can hold positions over the weekend without restrictions for all challenge types and funded accounts. There are no requirements to close positions before market close. | Weekend trading allowed. | BrightFunded allows holding positions over the weekend. Traders should account for gap risk and liquidity changes at the weekly reopen; a swap-free add-on can remove swap fees for overnight/weekend holds when purchased. |
| Copy Trading | Copy trading is strictly prohibited at Funded7. This includes automated copy trading services, 'pass my challenge' schemes, signal services, copy-trade platforms, and any trading that results in identical entries across multiple accounts. Reverse copy trading is also banned. | Copy trading allowed for own strategies only. | Copy trading is allowed only between accounts owned by the same person (BrightFunded accounts, other evaluation firms, or personal brokerage accounts). Copying between different individuals, signal-group trading, or account management services are prohibited and can lead to profit deductions, resets, or closure. |
| EA Allowed | EAs are allowed at Funded7, provided the strategy is legitimate and does not exploit system mechanics. However, the following are prohibited: ready-made EAs that result in identical entries for all users, EAs that overload servers with excessive requests, and any automated trading that bypasses the purpose of skill evaluation. | EAs allowed on MT5 only. | Expert Advisors (EAs) are allowed, provided all activity remains compliant with BrightFunded’s daily/maximum loss rules and non-authorized-practices policies. |
| KYC & Restrictions | |||
| KYC Required | No | Yes | Yes |
| KYC Stage | Funded7 requires KYC verification before the first payout. Documents are submitted via email to support. Required documents typically include government-issued ID and proof of address. KYC is not required to purchase a challenge or start trading – only when requesting the first withdrawal. | KYC required at Live Sim stage. | KYC is required to activate a Funded Star account after passing Phase 2, and BrightFunded uses SumSub for identity verification (typically government-issued ID plus proof of address). Activation also includes a security check by the risk team before the trader contract is issued. |
| Restricted Countries | Afghanistan Belarus Cuba Cyprus North Korea Iran Iraq Myanmar Russian Federation Syria Yemen Crimea Donetsk Palestine Palestinian Territory United States Vatican City | Cuba Iran Lebanon Syria North Korea Libya Russia Sudan Somalia South Sudan Vietnam United Arab Emirates Hong Kong Belarus Myanmar Central African Republic Democratic Republic of Congo Congo Ethiopia Nicaragua Venezuela Yemen Philippines Kenya Algeria Morocco United States | Cuba Iran North Korea Syria Vietnam |