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Warning
HK SFC
2022-08-17
Sanction
HK SFC
2014-07-29
Regulated
Score
7.08 /10
Good
BRIGHT
15-20 yearsRegulated in Hong Kong
Dealing in futures contracts
Medium potential risk
Influence
B
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index6.54
Business Index9.12
Risk Management Index8.90
Software Index5.89
License Index6.58
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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WikiFX Risk Alerts
Previous Detection :
2024-11-10
- Global regulators have disclosed 4 pieces of information about this broker, please be aware of the risks!
WikiFX Verification
| 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.
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