Key terms, as published

• Challenge fee: $79 to $1,499 — Terms of Use §9, modified 24 March 2026. The homepage prices the same one-step $150,000 tier at $1,399.
• Account sizes: $5,000 to $150,000 in the terms; the homepage adds a $2,500 tier at $129 and a timed product from $50, neither defined there.
• Profit split: 80:20 (§18a) — but §7(c) of the same document says traders keep “up to NINETY PERCENT (90%)”.
• Targets and limits: 10% profit target one-step, 8% then 5% two-step; maximum drawdown 6% and 10%/8%, fixed against the initial balance, not trailing; daily loss limit 4% and 5% (§9).
• Minimum trading days: 5. Leverage to 1:5. Trading fee 0.04% of position size on open and again on close (FAQ).
• Payout processing: 24 hours, 4 days, or 14 days, depending on which page you read.

The same paragraph gives two payout deadlines

Section 18(b) of Bitfunded’s Terms of Use is one paragraph long, and carries two payout commitments in consecutive sentences.

“Users can request payouts at their discretion, and BitFUNDED is committed to processing these requests within a fourteen (14) day timeframe,” reads the first. The second: “BitFUNDED prides itself on the swift processing of payouts, ensuring traders receive their earnings within 4 days timeframe.”

Fourteen days and four days, in the same clause of the same binding agreement, with no hierarchy between them.

The homepage supplies a third figure, under step 03, “Get Paid”: “After reaching your Profit Split Day, your payout is processed within 24 hours.” The current FAQ, modified 9 June 2026, sides with the shop window. Nothing says which prevails.

What Bitfunded publishes about payouts, and what it does not

Payout frequency is stated three ways too. Terms §18(a): “a maximum of three payouts every 30 days using the same Challenge ID.” The current FAQ: “up to two (2) payouts every 30 days.” Both FAQ pages also still carry an older line — “Withdrawals of performance-based rewards can be requested monthly.”

The point at which the fee comes back has moved too. The Refund and Cancellation Policy ties it to the first payout: users “are eligible for a full refund of the challenge fee once they reach their first profit split day.” Terms §9(a) agrees. The June 2026 FAQ does not: “The challenge fee is refunded along with your third payout.” On a $999 entry, one successful cycle against three.

What could not be verified matters as much. Bitfunded publishes no audited payout data and no aggregate total. Its leaderboard lists first names against figures — “Alnoor K. $16,678”, “David D $38,192” — with no dates or verification method. We corroborated none. We could not establish a pass rate, a payout-denial rate, or the total paid out.

Independent reports are mixed. Bitfunded holds a TrustScore of 4.4 from 182 Trustpilot reviews, on a profile it has claimed and pays for: 82% five stars, 8% one. Named reviewers do confirm payment — “I have got 4 payout in past 45 days” (R Gautham, 20 August 2026); “I can confirm that I have received a payout from this company exactly as promised” (Chris Gee, 26 August 2026).

Read the score with care. Craig Orrell, one star, updated 10 July 2026: “If a customer writes a negative review bitfunded will offer free challenges to remove it. I accepted 2 free challenges in hopes they would stop with the cheating tactics but here I am writing my 3rd negative review and I refuse to take this one down.” A second reviewer, Huang, says the firm’s head of support asked him to “remove or update” his review once his payout was processed.

Two profit-split numbers, one contract

Terms §7(c) tells traders reaching the live stage they “are entitled to retain up to NINETY PERCENT (90%) of the profits earned from their trading activities.” Eleven sections later, §18(a): “BitFUNDED offers an initial profit split ratio of 80:20 in favour of the traders.” The §9 tables say 80% at every tier; §14(e) refers to “the Trader’s entitled 80%”.

The reconciliation once existed. The older FAQ page — still the one the navigation links to — ties 90:10 to a scaling programme requiring “at least 10% net demo profit in four consecutive months”. The newer FAQ deletes it; §7(c) was never amended. Two FAQ pages are live at once, contradicting each other, and the homepage links the stale one — as at Plutus Trade Base and PineX Capital.

The rules that void the payout

Bitfunded’s marketing says there are none: “Over 100+ crypto pairs are available, with no restrictions on trading style or strategy. You can trade during weekends, news events, or however you prefer.”

Terms §14(d) lists them. No position may stay open beyond ten consecutive calendar days — trades that exceed it “may have the associated profits removed from payout eligibility”. No more than ten trades open at once. Committing “more than 65%” of capital to one idea is defined by the firm as gambling, and “may result in the denial of profits or disqualification from funded status”. The catch-all, §13(c)(vi), bars trading “in ways that contradict standard financial market practices or could harm BitFUNDED.”

Two mechanics bite at withdrawal. Cumulative profit of $10,000 triggers mandatory KYC, and failure to supply documents “may result in delayed or denied payouts”. A first breach found in post-withdrawal review costs half the money: “a 50% penalty will be applied to the profit withdrawable from the Trader’s entitled 80% as a first warning.”

That clause is not theoretical. A one-star Trustpilot reviewer posting as “customer” wrote on 26 August 2026: “Two of my accounts were given a 50% payout penalty, with the explanation that only certain trades had both Stop Loss and Take Profit prices set, and that this could constitute excessive risk-taking.” His complaint is the missing rule, not the penalty: “I cannot find a clearly published rule stating that every trade must have both a hard SL and hard TP.”

How the published terms compare with two rival crypto desks

Published figure	Bitfunded	HyroTrader	Crypto Fund Trader
Headline profit split	80% (§18a); 90% (§7c)	80%, scaling to 90%	Up to 90% via an add-on costing 20% of the fee
Stated payout processing time	24 hours, 4 days or 14 days	Within 12 hours	About 8 hours, up to 48 business hours
Minimum trading days before a payout	5	5	15, or every 30 calendar days
Maximum account size	$150,000	$200,000	$300,000
Conflicting figures for payout speed	3	1	1

Competitor figures from hyrotrader.com and the Crypto Fund Trader FAQ, retrieved 3 September 2026. Our HyroTrader review covers the execution model. The table ranks nothing: it measures whether a firm gives one answer to when a trader gets paid.

Tronovix LTD, and the two Bitfundeds

Terms §1(a) names the operator: “BitFUNDED (“BitFUNDED” or the company Tronovix LTD), a legally recognised limited Liability proprietary trading firm in the United Arab Emirates (UAE).” Governing law is the Emirate of Ras Al Khaimah, disputes going to the RAK Arbitration Centre.

We searched the UK Companies House register for “Tronovix”, “Bitfunded” and “Bit Funded” across companies, officers and disqualified officers. All returned “No results found”.

In Ras Al Khaimah there is nothing to search. RAK ICC, the registrar for companies of this type, operates no public company-name search at all: its tools run to document verification by reference number and a directory of licensed agents, with name checks handled exclusively through those agents. RAKEZ publishes no register either, and the DIFC and ADGM registers blocked our queries. So §1(a) cannot be verified by anyone outside the firm — nor disproved. No registration or licence number appears anywhere on bitfunded.com.

No warning list names the firm. We searched IOSCO’s I-SCAN database, which aggregates alerts from the FCA, CySEC, ASIC and other members, for “Bitfunded” and “Tronovix”, and read the CFTC RED List in full. Neither returned a match.

Against that, the About Us page: “our headquarters are located in the United Arab Emirates, the epicenter of financial innovation. This allows us to have solid regulation backing us.” No regulator or licence is named. The terms point the other way — §3 says the services “should not be regarded as investment services” — and the FAQ confirms accounts are simulated. This is an unregulated commercial contract; the difference is the marketing.

The same page says Bitfunded operates “in partnership with CoinW”. CoinW’s own announcement feed does not mention Bitfunded; the prop firm it publicly names as its partner is PropW, in a post dated 2 April 2025.

Note also that bitfunded.io is separately live and is a different business — “BitFunded — The BTC Scalping Prop Firm”, a pre-launch Dubai waitlist page credited to a trader posting as Scottie Scalps. Registration records settle which is which: bitfunded.com dates from 8 August 2023, the .io only from 18 May 2026.

Frequently asked questions

How long does a Bitfunded payout actually take?
There is no single published answer. The homepage and current FAQ say 24 hours on working days; the Terms of Use say 14 days in one sentence and 4 days in the next. Since the terms bind and contain both, the deadline cannot be established from what is published.

Is the profit split 80% or 90%?
The challenge tables, §18(a) and §14(e) say 80%; §7(c) says up to 90%. The older FAQ ties 90:10 to a scaling programme the current FAQ has removed. Assume 80%, and treat 90% as unconfirmed.

When is the challenge fee refunded?
The Refund Policy and Terms §9(a) say at the first profit split day; the current FAQ says with the third payout. The documents are unreconciled, so treat the fee as at risk until it is in hand.

Is Bitfunded regulated?
No licence, regulator or authorisation number is named anywhere on the site, and its own terms say the services are not investment services. The “solid regulation backing us” claim is unsupported by anything the firm publishes.

All figures were read off Bitfunded’s live pages on 3 September 2026; our wider coverage of contract drift is in the Hyperticks review.

This review is independent editorial analysis and is not financial, investment, or trading advice, and is not an endorsement or solicitation. The Industry Spread has no affiliate or referral relationship with the firms covered. Proprietary trading challenges carry a fee that is generally non-refundable, most participants do not reach a funded account, and funded capital is the firm’s capital, not the trader’s. Terms change frequently — always verify current rules directly with the firm before paying any fee.