Bright Finance Spreads, leverage, minimum deposit Revealed
WikiFX | 2024-11-15 18:27Abstract：Bright Finance is a Forex brokerage registered in the Marshall Islands under the name Capital Letter LTD. Furthermore, there is a second company which figures as an owner, registered in Germany under the name Capital Letter GmbH. Nonetheless, its safe to assume that BrightFinance, irrespective of its legitimacy, does not fall under any regulatory oversight whatsoever.
Note: Bright Finance's official website: https://www.brightfinance.co is currently inaccessible normally.
| Bright FinanceReview Summary | |
| Founded | / |
| Registered Country/Region | Marshall Islands |
| Regulation | Unregulated |
| Market Instruments | Forex pairs, stocks and cryptos |
| Demo Account | / |
| Leverage | / |
| EUR/USD Spread | Around 1 pip |
| Trading Platform | Web-based |
| Min Deposit | $250 |
| Customer Support | Email: support@brightfinance.co |
| Address: Leeds Innovation Center, 103 Clarenton Road, LS2 9DF, Leeds, UK | |
General Information and Regulation
Bright Finance is a Forex brokerage registered in the Marshall Islands under the name Capital Letter LTD. Furthermore, there is a second company which figures as an owner, registered in Germany under the name Capital Letter GmbH. Nonetheless, its safe to assume that BrightFinance, irrespective of its legitimacy, does not fall under any regulatory oversight whatsoever.
Pros and Cons
| Pros | Cons |
| Various trading options | Not regulated |
| Inaccessible website | |
| No MT4/5 supported | |
| High minimum deposit | |
| Unclear trading fees |
What Can I Trade on Bright Finance?
| Tradable Instruments | Supported |
| Forex pairs | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account
Bright Finance offers five account types: Explorer, Basic, Sliver, Gold and Platinum.
Opening the most basic account - Explorer account, requires the minimum deposit amount of $250, which is much higher than most other brokers, who requires only $100, or even no threshold.
| Account type | Min.deposit |
| Explorer | $250 |
| Basic | $2 000 |
| Sliver | $10 000 |
| Gold | $25 000 |
| Platinum | $100 000 |
Spread
BrightFinance says the EUR/USD spread is around 1 pip, which seems attractive. However, since BrightFinance is unregulated, it is unsafe to invest with this broker no matter what its trading conditions is.
Trading Platform
Bright Finance offers a web-based trading platform with charts taken directly from Trading View – an independent, charting web service with historical and real- time market data.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-based | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Bright Finance accepts bank wire transfers and two e-wallets – VLoad and PraxisCashier as payment methods.
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