Bullish4ex offers four account types:
- 1-Step: a single-phase challenge with one profit target (9%).
- 2-Step: a two-phase evaluation with a separate Phase 1 (6%) and Phase 2 (5%) profit target.
- Instant: a funded-style account with no challenge phase. You are evaluated live while trading.
- Flex: a one-phase evaluation (4% target) that costs $9 to start. You pay an activation fee only if you pass.
Once you successfully complete a 1-Step or 2-Step challenge, your account moves to the Funded Stage.
Instant accounts are already funded from day one and progress through their own requirements to unlock withdrawal eligibility.
Flex accounts move to a Flex funded account once you pass and pay the activation fee. See the Flex article in Challenge Requirements.
Challenge versus Funded rules
Some rules are relaxed during the challenge and stricter on Funded and Instant accounts:
| Rule | Challenge (1-Step / 2-Step) | Funded (1-Step / 2-Step) | Instant |
|---|---|---|---|
| Maximum Daily Drawdown | 4% | 4% | 3% |
| Maximum Loss | 6% | 6% | 6% |
| News trading | Unrestricted | 10-minute restricted window | 10-minute restricted window |
| EAs and bots | Allowed (no HFT) | Allowed (no HFT) | Allowed (no HFT) |
| Hedging inside one account | Allowed | Allowed | Allowed |
| 1% Per-Trade Risk Rule | Does not apply | Applies | Applies |
| Trade layering | Does not apply | 10 minutes between trade opens | 10 minutes between trade opens, max 2 layers |
ACCOUNT SIZES
Key points
- 1-Step, 2-Step and Flex are available from $5,000 to $200,000.
- Instant is available for $10,000, $25,000, $50,000, $100,000 and $200,000 only.
- All fees are one-time payments. Flex is a $9 setup fee plus an activation fee that is charged only after you pass.