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Bright Point -

Score

1.31 /10
Danger

Bright Point

Ireland

2-5 years

Suspicious Regulatory License

High potential risk

https://brightpointif.com

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Score

Regulatory Index0.00

Business Index5.49

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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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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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-10
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Bright Point · Company summary

Bright Point is a beginner-friendly broker that offers free education to customers. However, it has no valid regulations currently.

Bright Point's homepage

Pros and Cons

Pros Cons
Free educationNo regulation
Multiple trading assetsLimited ways to contact
Low commissions

Is Bright Point Legit?

Bright Point is not regulated in Ireland. It is owned and operated by NameSilo, LLC., whose company number is 13596866.

No license
Domain information

What Can I Trade on Bright Point?

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❌

Account Type & Leverage

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 $100500:1
Elite $100,000500:1
Pro $100,000500:1

Account comparison

Bright Point Spreads

Account Type Spread
Classic Market spreads
Elite 25% lower spreads
Pro From 0 pips

Trading Platform

Trading PlatformSupported Available Devices Suitable for
BrightPointif's partner trading platform✔WebAll customers

Customer Service

Contact Options Details
Phone❌
Emailsupport@BrightPointif.com
Support Ticket System❌
Online Chat5/24
Social Media❌
Supported LanguageEnglish
Website LanguageEnglish
Physical Address❌

The Bottom Line

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.

FAQs

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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dejat琳
more than one year
I tried its trial account for a week, and the result turned out to be not that good as I expected. So, I moved. I have to say that its trial account can only use leverage up to 1:3, which is way too limited to increase my trading flexibility.
I tried its trial account for a week, and the result turned out to be not that good as I expected. So, I moved. I have to say that its trial account can only use leverage up to 1:3, which is way too limited to increase my trading flexibility.
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2023-03-13 12:06
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