BRIGHT Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-04 14:02

Abstract：BRIGHT, founded in 1994, is a brokerage registered in Hong Kong. The trading instruments it provides cover Stocks, Futures, Options, Forex,Stock. It provides 3 types of accounts and MT4 platform. It is regulated by SFC.

BRIGHTReview Summary
Founded	1994
Registered Country/Region	Hong Kong
Regulation	SFC
Market Instruments	Stocks, Futures, Options, Forex
Account Type	Individual Account, Joint Account, Corporate Account
Trading Platform	MT4 Margin WebTrader
Min Deposit	$100
Deposit/Withdrawal Methods	Electronic Wire, Sales Hotline, Branches
Customer Support	Phone: (852)25301788

BRIGHT Information

　　BRIGHT, founded in 1994, is a brokerage registered in Hong Kong. The trading instruments it provides cover Stocks, Futures, Options, Forex,Stock. It provides 3 types of accounts and MT4 platform. It is regulated by SFC.

Pros and Cons

Pros	Cons
Regulated by SFC	Low maximum leverage
Wide range of trading instruments	Reliable internet connection
MT4 trading platform supported

Is BRIGHT Legit?

　　BRIGHT is regulated by The Securities and Futures Commission (SFC).

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
Hong Kong	SFC	Bright Smart Futures & Commodities Company Limited	No Sharing	ADH427	Regulated

What Can I Trade on BRIGHT?

　　BRIGHT offers traders the opportunity to trade stocks, futures, options, forex.

Tradable Instruments	Supported
Forex	✔
Futures	✔
Stocks	✔
Options	✔
Indices	❌
Futures	❌

Account Types

　　BRIGHT offers 3 different types of accounts to traders - Individual Account, Joint Account, Corporate Account.

Account Type	Individual	Joint	Corporate
Suitable for	Individual traders	Partnerships or family members	Corporate entities
Features	Many instruments available	Collective management	Meet the unique needs of corporate clients

BRIGHT Fees

　　BRIGHT fees contain commission, government and other related charges, account overdue interest charge and other fees.

Fee structure
Commission	Electronic system transaction:take the higher of the two:0.01%,a minimum of 50 RMB		Telephone transaction commission:take the higher of the two:0.15%,a minimum of 150 RMB
Government and other related charges	Transaction fee 0.0085%	Stamp Duty take the higher of the two: 0.1%, a minimum of 1 HKD	Stock transaction fee: 0.006%(more than 5HKD/5RMB/$0.65, less than 200HKD/200RMB/$26)	Italian companies listed in Hong Kong: withholding Italian financial transaction tax 0.2%
Account overdue interest charge	Hong Kong Account: 3%-4%	Dollar Account: 4.78%	RMB Account: 6.50%	Cash Account:HKD:10.625%RMB:10.625%Dollar: 10.625%
Other fees	0.8-300HKD

Trading Platform

　　BRIGHT's trading platform is MT4 Margin WebTrader, which supports traders on PC.

Trading Platform	Supported	Available Devices	Suitable for
MT4 Margin WebTrader	✔	Web	Beginner
MT5	❌

Deposit and Withdrawal

Deposit Method	Requirement	Features
eDDA	Must have a Hong Kong bank account	Available for deposit and trading at any time
FPS	Have an e-banking account	Not supported by ICBC Asia
Bank Transfer	Supported by:The Hongkong and Shanghai Banking Corporation Limited, Hang Seng Bank LimitedOCBC Wing Hang Bank Limited, Bank of China (Hong Kong) Limited, Industrial and Commercial Bank of China (Asia) Limited, The Bank of East Asia, Limited

　　BRIGHT offers 2 withdrawal methods: Notify the company of the withdrawal through electronic channels, Call Customer Service: (+852)25 301 788 for withdrawal instructions.

　　The client needs to place a withdrawal instruction through the Company's withdrawal channels on or before 1:00 pm on the same day (trading day from Monday to Friday), and the Company will deposit the funds to the client's bank account registered with the Company on the same day. All overdue withdrawal instructions will be processed on the next business day, please take note.