Brighter trade -Overview of Minimum Deposit, Leverage, Spreads

General Information

Market Instruments

Brighter trade advertises that it offers a wide range of trading instruments in financial markets, including forex, CFDs on commodities, indices, stocks, precious metals like silver and gold, cryptocurrencies of Bitcoin, Ethereum and others.

Account Types

There are four live trading accounts offered by Brighter trade, namely Self Manage, Gold, Platinum and VIP (Invitation Only). Opening a Self Founded in April 2018, Brighter trade is allegedly an Estonia-based forex brokerage that provides its clients with a web-based trading platform, flexible leverage up to 400:1, floating spreads on a variety of tradable assets, as well as a choice of four different account types.Manage account requires the minimum initial deposit amount of €250, while the other three account types with the much higher minimum initial capital requirements of €10,000 and €50,000 respectively, as well as the VIP account about which no specified information is given directly.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Self Manage can experience the leverage of 100:1, the Gold account with leverage of 200:1, the Platinum account with a leverage as high as 300:1, while the VIP account can enjoy the maximum leverage of up to 400:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Through the demo web-based platform provided by Brighter trade, we found that the spread for EUR/USD pair was floating around 3.0 pips.

Trading Platform Available

When it comes to trading platforms available,Brighter trade gives traders a web-based platform called Tradersoft, available for desktop, the Web and mobile devices. It offers a complete charting package, many analysis tools, indicators, real market prices and other standard features. While compared to the industry-standard MetaTrader4 and MetaTrader5, it seems to lack the MQL programming language.

Deposit & Withdrawal

Brighter trade accepts deposits and withdrawals via Visa, Mastercard, Maestro and wire transfer. The minimum deposit requirement is $250 and the minimum withdrawal amount is $100. Also, the broker charges a withdrawal fee of 10%.

Customer Support

Brighter trades customer support can be reached by telephone: +4930255555708, email: support@brightertrade.com. Headquarters: Harju maakond, Tallinn, Kesklinnalinnaosa, Roosikrantsitn, Estonia.