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Score
Ireland
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Score
Regulatory Index0.00
Business Index5.58
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
Bright Point
Company Abbreviation
Bright Point
Platform registered country and region
Ireland
Company website
Company summary
Pyramid scheme complaint
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Bright Point is a beginner-friendly broker that offers free education to customers. However, it has no valid regulations currently.
Pros | Cons |
Free education | No regulation |
Multiple trading assets | Limited ways to contact |
Low commissions |
Bright Point is not regulated in Ireland. It is owned and operated by NameSilo, LLC., whose company number is 13596866.
Bright Point offers 200+ trading instruments, 5 base currencies, including forex, indices, commodities, shares, bonds, metals and energies.
Tradable Instruments | Supported |
Forex | ✔ |
Indices | ✔ |
Commodities | ✔ |
Shares | ✔ |
Bonds | ✔ |
Metals | ✔ |
Energies | ✔ |
Cryptocurrencies | ❌ |
Bright Point offers 3 account types: Classic, Elite and Pro.
For those who are new, the Classic account is accessible.
Experienced individuals are well-suited to the Elite account.
The Pro account is a good choice for those who are aggressive.
Account Type | Minimum Deposit | Maximum Leverage |
Classic | $100 | 500:1 |
Elite | $100,000 | 500:1 |
Pro | $100,000 | 500:1 |
Account Type | Spread |
Classic | Market spreads |
Elite | 25% lower spreads |
Pro | From 0 pips |
Trading Platform | Supported | Available Devices | Suitable for |
BrightPointif's partner trading platform | ✔ | Web | All customers |
Contact Options | Details |
Phone | ❌ |
support@BrightPointif.com | |
Support Ticket System | ❌ |
Online Chat | 5/24 |
Social Media | ❌ |
Supported Language | English |
Website Language | English |
Physical Address | ❌ |
In conclusion, though Bright Point offers many services like various trading assets, free resources, and low commissions, inadequate customer support and lack of regulation can lead to many potential risks that make customers feel duped. So, traders need to be careful when choosing brokers.
Is Bright Point a good for beginners?
No, though Bright Point offers free educational resources for traders, it lacks regulation.
Is it safe to trade with Bright Point?
No, we don't advise any traders trade with unregulated brokers.
Does Bright Point offer commission-free trading?
No, Bright Point's Pro account is still generating low commissions.
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