Does Funded7 use a specific drawdown type for funded accounts?
💡 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
- Does Funded7 allow automated trading, news trading, weekend positions, and copy trading, and what strategies are restricted?
- Which payment methods does Funded7 offer, and what is the refund policy?
- What should traders know about payouts at Funded7, including minimum amount, payout schedule, and payout methods?
- What is the highest profit split percentage available at Funded7?
- What asset classes does Funded7 support for trading?
- What are the maximum leverage limits at Funded7 across forex, indices, metals, and cryptocurrencies?
- Which trading platforms does Funded7 offer, and which broker executes the trades?
- How are spreads, commissions, and slippage managed at Funded7?
- Does Funded7 prohibit certain trading strategies, permit martingale systems, or impose lot size limits?
- Does Funded7 apply any consistency or risk-based trading rules?
- Which evaluation or funding programs are available at Funded7?
- How do the challenges work at Funded7 for traders seeking funding?
- How much maximum funding can traders receive from Funded7, and does the firm provide a scaling plan?
- What is Funded7's Trustpilot rating and total review count right now?
- Which evaluation models does Funded7 offer?
- How does Funded7 handle multiple accounts, account merging, and lot size limits for traders?
- What are the KYC requirements at Funded7, and at what stage is verification completed?
- What countries are not supported by Funded7?
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 Trustpilot rating of 3.0 or higher
- Top Prop Firms That Accept Clients From Gabon
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 (September 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 September 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 | 3.1 | 3.3 | 0 |
| Trustpilot Reviews | 49 | 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 |
Funded7
Seacrest Markets
BrightFunded