Bright Point

Bright Point | 2024-09-14 10:17

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

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

Pros and Cons

Pros	Cons
Free education	No regulation
Multiple trading assets	Limited 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.

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	$100	500:1
Elite	$100,000	500:1
Pro	$100,000	500:1

Bright Point Spreads

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

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
BrightPointif's partner trading platform	✔	Web	All customers

Customer Service

Contact Options	Details
Phone	❌
Email	support@BrightPointif.com
Support Ticket System	❌
Online Chat	5/24
Social Media	❌
Supported Language	English
Website Language	English
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.