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Frequently asked questions

The rules of Bullfy's funding programme, following the official Rules Manual: the framework, the 18 operational articles, the scope of the news restriction and consistency in trading.

Framework & risk management

3 questions

Bullfy promotes responsible, realistic and sustainable trading. Complying with these rules is an essential requirement of the evaluation process and of the continued use of accounts managed by the firm. They have two main goals: to encourage trading habits that are replicable in real market conditions with your own capital, and to protect the integrity of the programme against abusive or manipulative practices, or practices that do not reflect realistic trading.

Strategies must be reasonably replicable in real markets and follow coherent, professional risk management. The following are prohibited, among others: opening positions of disproportionate size relative to the rest of the account's trades; extreme and recurring variations in the usual number of open positions without operational justification; and repeating trading patterns that artificially increase the risk per trade idea, building excessive exposure to the same asset or to highly correlated assets.

The operational rules are mandatory and are set out in articles 1 to 18. They apply both during the evaluation phase and on funded accounts.

Operational rules (articles 1–18)

18 questions

As a general rule, opening, closing or managing trades on the affected instruments is not allowed during the five minutes before and after a high-impact news release (the T ± 5 min window). In those minutes volatility can be extreme; staying out protects your execution, your capital and the fairness of the programme. Reference calendar: Forex Factory. The full, updated rule governs this — see the "High-impact news" section: which assets are affected (Affectation Table), the exact window, and how pending orders and pre-existing TP/SL are treated, including the age-based exceptions for closing (60 minutes for losses, 24 hours for profits or a zero close).

Automated systems, EAs or bots are allowed only if they comply with all the programme rules and do not seek to exploit faults, latency or restricted windows. The use of commercial, mass-market or publicly distributed bots is expressly prohibited.

You must trade exclusively from personal devices, and the IP addresses used must be consistent with the data provided during KYC. VPN use is allowed unless the resulting IP corresponds to a country restricted by the firm. If you change device or location, notify the support team.

Replicating trades is allowed only between accounts registered in the name of the same holder. Copy trading or trade mirroring between different holders is prohibited.

Ultra-short trades and micro-scalping patterns aimed at exploiting latency, anomalous spreads or execution errors are prohibited. An account is classified as "Scalping" if 10% or more of its trades last under 60 seconds, measured over the evaluation period or the previous 30 days. If it is classified as Scalping, a withdrawal cap of 3% of the available balance per rolling 30-day period applies to each of the first four (4) withdrawals processed after the funded account is enabled; the available equity is taken at the moment the withdrawal is requested.

Taking advantage of execution delays, differences between price sources, latency or any technical fault in order to obtain profit without assuming real market risk is prohibited. Such gains do not reflect trading skill: they distort competition, damage the fairness of the programme and can create operational and legal risks.

Opening opposite positions across different accounts in order to circumvent the programme's rules is prohibited. That kind of cross-account hedging can hide losses, transfer profits artificially and undermine the integrity and fairness of the programme. If you need to hedge risk for operational reasons, do it within the same account and document the reason, or contact support to request prior authorisation.

Trading without a defined trading plan is prohibited, as is any trading equivalent to gambling or based on random probability rather than a structured strategy. For example, executing an isolated trade with a volume significantly higher than your usual size, whose contribution to the account's overall result is disproportionate compared with the rest of your trades and inconsistent with the pattern shown in your history.

Sharing accounts, access credentials or devices with third parties is strictly prohibited. Sharing access breaks traceability, enables fraud and disputes, and puts both your funds and the integrity of the programme at risk. Keeping exclusive control of your account protects your performance and your withdrawals.

The maximum permitted risk is up to three per cent (3%) of equity per trade idea or aggregated trading plan. If one idea involves several positions (for example partial entries), the combined risk of all of them may not exceed that 3%. With $10,000 of equity the maximum risk per idea is $300: two partial entries with a combined maximum loss of $250 are within the limit, while several related positions that together could lose $800 are not. A trade idea resets 30 minutes after the last trade of the cycle is closed.

The maximum static drawdown is 10% of the account's initial balance, and the maximum absolute daily drawdown is 5%, calculated on the daily equity. For InstaFunded accounts the limits are 6% of the initial balance as static drawdown and 3% of the daily equity as daily drawdown. Example (standard account, $10,000 initial): static limit = 10% × $10,000 = $1,000 (breached if equity falls to $9,000 or below); if the day's starting equity is $10,500, the daily limit is 5% × $10,500 = $525.

Three (3) trading days are required to pass each phase — including the funded phase — and each of those days must include at least one executed trade. A "trading day" means a day on which you actually placed at least one buy or sell from the assigned account during trading hours. Positions that stay open for more than one day count as a single trading day: the day they were opened.

The maximum leverage allowed by asset class is: Forex 1:30 · Indices 1:30 · XAUUSD (Gold) 1:30 · Commodities excluding gold 1:10 · Shares 1:3 · Cryptocurrencies 1:3. Always check on the platform which leverage applies to the instrument before opening the trade.

The account will be deactivated if at least one (1) trade is not executed during a continuous period of thirty (30) calendar days. No automatic extensions of that period are granted. If you expect to be away for a long time, contact the support team in advance to find out your options.

We do not restrict traders to a specific strategy; however, the strategy applied on the funded account is expected to remain consistent with the one used during the evaluation phase. This consistency helps demonstrate that results are reproducible and based on skill, not on one-off tactical changes. (This rule is expanded in the "Consistency in trading" section, including the rule on assets and the InstaFunded note.)

Switching from manual to automated trading (bots) or vice versa is not allowed, nor is modifying the strategy presented during the evaluation, nor moving to substantially different asset classes or risk profiles, unless authorised beforehand. This guarantees that the evaluated results are reproducible and prevents manoeuvres to "optimise" withdrawals or exploit differences between phases.

Breaching any of the rules may lead to a progressive sanctions regime, which includes, among other measures: a warning, cancellation of profits, withholding of withdrawals, temporary suspension or permanent disqualification from the programme, and possible inclusion in an internal exclusion list. The firm applies these measures proportionally, assessing the seriousness, the repetition and the nature of the breach.

The final interpretation of the rules corresponds exclusively to the firm. Before adopting definitive measures for a possible breach, the trader may submit any explanations, clarifications or justifications they consider appropriate, if the firm requests them or deems it necessary. Note: providing those explanations does not limit or condition the firm's power to adopt the decisions it considers appropriate under these rules.

High-impact news

15 questions

Regulation applicable to all Bullfy accounts.

MAIN RULE. Opening, closing or managing trades on the affected instruments is not allowed during the five minutes before and after a high-impact news event, except for the exceptions expressly set out in this rule.

This rule applies generally to all Bullfy accounts and products. Breaching it results in the immediate removal of the account, regardless of whether the affected trade produces a profit, a loss or a neutral result.

High-impact news events are considered to be all events identified with a red folder in the Forex Factory economic calendar. Forex Factory is the only official source used to apply this rule.

The restricted window is calculated taking the effective publication time of the news as the reference. When several news events overlap, each one keeps its own window and the restriction remains active continuously until the last of them ends.

The restriction begins exactly five minutes before publication and ends exactly five minutes after. Both limits are included.

EXAMPLE. If a news event is published at 14:00:00, the restricted window runs from 13:55:00 to 14:05:00, both instants included. Trading may resume from 14:05:01.

The official time will be the one shown in the MetaTrader trading history. The client is responsible for leaving a sufficient margin and avoiding trading near the time limits.

The restriction applies only to the instruments linked to the relevant currency or event according to the News Affectation Table published by Bullfy. If a news event affects several currencies, all the instruments included for each of them will be added together.

4.1. Manual and automatic openings

Any manual or automatic opening executed within the restricted window is prohibited. The prohibition applies equally to trading carried out through robots, Expert Advisors, copiers or any other automatic system.

4.2. Pending orders placed beforehand

A pending order placed before the window starts may be triggered during the news. This is the only exception to the prohibition on opening within the window.

During the window it is allowed to cancel a pending order that has not yet been triggered. It is also allowed to modify or remove its Stop Loss or Take Profit. It is not allowed to modify the entry price or the volume of the pending order during the window.

If a pending order is triggered within the window, it may be closed fully or partially during that same window provided it meets the required age according to its net result: 60 full minutes for a close at a loss and 24 full hours for a close at a profit or a zero result.

The following rules apply to any close made within the window: manual, automatic, full, partial, by Stop Loss, Take Profit, Break Even or Trailing Stop.

Net result of the closeMinimum required ageOutcome
Net loss60 full minutesAllowed if it meets the age requirement
Net profit24 full hoursAllowed if it meets the age requirement
Net result equal to zero24 full hoursAllowed if it meets the age requirement
Any result without the required ageDoes not complyBreach and account removal

The result is determined by the net of the corresponding execution, once the applicable commissions and swap have been taken into account.

6.1. Trades opened at market

The age is calculated from the effective opening time shown in the MetaTrader history.

6.2. Trades resulting from pending orders

The age is calculated from the moment the pending order was placed. If its entry price is subsequently modified, the count starts again from the time of that modification.

Triggering the pending order within the window does not reset its age. Therefore, it may be closed during that same window if, from its placement or from the last modification of the entry price, it meets the required 60 minutes or 24 hours according to the net result of the close.

6.3. Partial closes

Each partial close is analysed independently and according to its own net result. A previous partial close does not reset the age of the part of the position that remains open.

During the window it is allowed to modify or remove the Stop Loss and the Take Profit. However, the client is responsible for ensuring that any close produced as a result of those levels complies with the age and result rules set out above.

The automatic activation or movement of a Stop Loss by Break Even or Trailing Stop does not in itself constitute a breach. However, if it causes the trade to close within the restricted window, that close will only be allowed when one of the provided exceptions is met: that the trade has a minimum age of 60 full minutes if it is closed at a net loss, or 24 full hours if it is closed at a net profit or with a net result equal to zero.

For the purposes of this rule, each trade is analysed individually, even if several trades belong to the same asset, direction or trade idea. One trade may meet the required age and another may not.

A single opening, full close or partial close that breaches this rule is enough to remove the account.

ScenarioVerdictReason
Manual opening at T−2 minBreachAny manual opening within the window is prohibited.
Pending order placed at T−20 min that triggers at T+1 min and closes at T+6 minAllowedThe order was placed before the window and the close happened afterwards.
Pending order placed 25 h earlier that triggers at T+1 min and reaches its TP at T+3 minAllowedThe age is counted from its placement and exceeds the required 24 hours.
Pending order placed 30 min earlier that triggers at T+1 min and reaches its SL at T+3 minBreachIt does not reach the 60 full minutes required for a close at a loss.
Trade opened 70 min earlier; Stop Loss at a net loss at T+1 minAllowedIt exceeds the 60 full minutes required for a close at a loss.
Trade opened 40 min earlier; close at a net loss at T+2 minBreachIt does not reach the 60 full minutes.
Trade opened 25 h earlier; Take Profit at a profit at T+2 minAllowedIt exceeds the 24 full hours.
Trade opened 20 h earlier; close at a profit at T+2 minBreachIt does not reach the 24 full hours.
Trade opened 26 h earlier; partial close at a profit at T+1 minAllowedThe partial exceeds the 24 full hours.
Trailing Stop closes at a loss a trade opened 65 min earlierAllowedThe mechanism does not alter the rule; the 60 minutes are met.
Zero close of a trade opened 20 h earlierBreachCloses with a net result equal to zero require 24 hours.
CONSEQUENCE. Breaching any of these provisions causes the immediate removal of the account. The financial result of the trade neither prevents nor changes the breach.

High-impact news · Forex Factory

WINDOW. From five minutes before to five minutes after the news, both limits included. A news event at 14:00:00 restricts trading from 13:55:00 to 14:05:00. Trading may resume at 14:05:01.
ActionAllowed?Condition
Open manually or through an automatic systemNONever within the window.
Triggering of a prior pending orderYESIt must have been placed before the window.
Modify the entry price or the volume of a pending orderNONot allowed during the window.
Cancel a pending order not yet triggeredYESIt may be cancelled during the window.
Modify or remove SL/TPYESThe client is responsible for any close that occurs.
Close at a net lossYESThe trade must be 60 full minutes old.
Close at a net profitYESThe trade must be 24 full hours old.
Close with a net result equal to zeroYESThe trade must be 24 full hours old.
Close a pending order triggered within the windowDEPENDSAllowed if, from its placement, it meets 60 minutes for losses or 24 hours for a profit or zero close.
Partial closeDEPENDSThe 60-minute or 24-hour limits apply individually.
CheckQuestion the client must ask
1. InstrumentIs it included in the Affectation Table for this news event?
2. ActionAm I going to open, close fully or partially, or modify a pending order?
3. AgeIf I am going to close: does the trade meet 60 minutes if it loses, or 24 hours if it wins or is at zero?
REMEMBER. Each trade is analysed separately and a single breach removes the account. Always check Forex Factory and the News Affectation Table before trading.
PRINCIPLE OF APPLICATION. The restriction does not affect all instruments equally. It applies to the instruments related to the currency of the news event according to the table below.

High-impact news events are considered to be all events identified with a red folder in Forex Factory. The restriction will apply during the time window established in the Trading rule during high-impact news.

1. Affectation table

CurrencyAffected currency pairsAffected commoditiesAffected indices and other instruments
USDAll pairs containing USDGold, silver, WTI crude oil and Brent crude oilAll US indices. All cryptocurrencies quoted against USD.
EURAll pairs containing EURGold, silver, WTI crude oil and Brent crude oilAll indices of countries whose official currency is the euro, and pan-European indices quoted in EUR.
GBPAll pairs containing GBPGold, silver, WTI crude oil and Brent crude oilUK index.
JPYAll pairs containing JPYGold, silver, WTI crude oil and Brent crude oilJapanese index.
AUDAll pairs containing AUDGold, silver, WTI crude oil and Brent crude oilAll Australian indices.
NZDAll pairs containing NZDGold, silver, WTI crude oil and Brent crude oilAll New Zealand indices.
CADAll pairs containing CADGold, silver, WTI crude oil and Brent crude oilAll Canadian indices.
CHFAll pairs containing CHFGold, silver, WTI crude oil and Brent crude oilSwiss index.

Generic names: The table uses generic names and categories. The restriction applies regardless of the specific name or symbol the instrument has on the platform.

Currency pairs: A news event affects any pair containing the indicated currency, regardless of whether it appears as the base currency or the quote currency.

Indices: The reference to a category of indices comprises any instrument offered by Bullfy that replicates or has as its underlying an index belonging to that geographic category.

Commodities: The affectation comprises exclusively gold, silver, WTI crude oil and Brent crude oil. Any other commodity is outside this table unless Bullfy expressly incorporates it.

Cryptocurrencies: USD news affects cryptocurrencies quoted against the US dollar. Cryptocurrencies quoted exclusively against another currency or against another cryptocurrency are not affected by USD news.

News associated with several currencies: When an event appears associated with more than one currency, all the instruments affected by each of them will be added together.

Overlapping news: If several news events coincide or overlap, each one keeps its own affectation table and its own time window.

3.1. Currency pairs, indices and cryptocurrencies

NewsInstrumentAffected?Reason
USDBTC quoted against USDYesUSD is the counterparty currency.
USDUS indexYesAll US indices are included.
USDEUR/GBP pairNoThe pair does not contain USD.
EURUK indexNoIt is linked to GBP and the United Kingdom does not belong to the eurozone.
EURSwiss indexNoIt is linked to CHF and Switzerland does not belong to the eurozone.
EURUS indexNoIt is not a European index.
CHFEUR/CHF pairYesThe pair contains CHF.
CHFSwiss indexYesIt is the index directly linked to CHF.
CHFJapanese indexNoIt is not a Swiss index.
AUDAustralian indexYesAll Australian indices are included.
NZDNew Zealand indexYesAll New Zealand indices are included.
CADCanadian indexYesAll Canadian indices are included.

3.2. Commodities

NewsInstrumentAffected?Reason
CADWTI crude oilYesWTI crude oil is affected by all the currencies included in the table.
NZDGoldYesGold is affected by all the currencies included in the table.
GBPSilverYesSilver is affected by all the currencies included in the table.
JPYBrent crude oilYesBrent crude oil is affected by all the currencies included in the table.
EURCopperNoCopper is not among the affected commodities.
CHFNatural gasNoNatural gas is not among the affected commodities.
REMEMBER. Before trading during a high-impact news event, the client must check both the currency of the news and all the instruments included in its affectation row.

Consistency in trading

5 questions

Bullfy does not force traders to use a specific strategy: you can trade your own system, as long as you respect the programme's rules. However, the trading carried out on the funded account must remain consistent with the trading demonstrated during the evaluation phases — the funded account must be a reasonable continuation of the way you traded to pass the evaluation, especially regarding assets traded, trading style, risk management, position sizing, trading frequency and the general behaviour of the strategy.

No. On the funded account you may not trade assets that were not previously traded during the evaluation phases. Doing so breaches the consistency rule and leads to the account being removed. This applies even if it is a single trade, and even if the rest of your trading is consistent: the evaluation validates one specific way of trading, so if an asset was not traded during that phase, Bullfy cannot consider that trading on it has been evaluated.

Breach — trading only XAUUSD in phases 1 and 2, then trading NASDAQ, DAX or BTCUSD once funded. Breach — trading mainly EURUSD and GBPUSD during the evaluation and then placing one or more trades on USDJPY, never traded before. Breach — going from a few selective trades a day with wide stops and hours of holding, to dozens of trades in minutes with a far more aggressive approach, even with the same assets. Breach — going from moderate lot sizes and controlled exposure to much larger positions and clearly higher risk. Compliant — trading EURUSD, GBPUSD and XAUUSD in phases 1 and 2 and continuing with those same assets, with similar risk management and a reasonably similar style. Compliant — continuing with the same assets and an intraday strategy, with a similar trade frequency and proportional risk management, even without repeating exactly the same entries, times or durations.

No. Markets change and your trading can adapt, but that adaptation must stay within the same trading line demonstrated during the evaluation. It is not allowed to use the funded account to trade assets that were not previously evaluated, to change the trading style radically, or to take on clearly higher risk than the one demonstrated in earlier phases. Breaching the consistency rule means the account is removed.

On InstaFunded accounts there is an additional operational expectation: no single trade or trade idea should represent a disproportionate part of a withdrawal amount. As an operational reference, no idea is expected to contribute more than 30% of the requested withdrawal. For example, if you request $1,000 the reference is 30% × $1,000 = $300; if one idea contributes more than that, the request may require additional documentation or operational review.

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