Bright Finance-Overview of Minimum Deposit, Spreads & Leverage

Note: Bright Finance's official website: https://www.brightfinance.co is currently inaccessible normally.

General Information and Regulation

Bright Finance is a Forex brokerage registered in the Marshall Islands under the name Capital Letter LTD. Furthermore, there is a second company which figures as an owner, registered in Germany under the name Capital Letter GmbH. Nonetheless, its safe to assume that BrightFinance, irrespective of its legitimacy, does not fall under any regulatory oversight whatsoever.

Pros and Cons

What Can I Trade on Bright Finance?

Account

Bright Finance offers five account types: Explorer, Basic, Sliver, Gold and Platinum.

Opening the most basic account - Explorer account, requires the minimum deposit amount of $250, which is much higher than most other brokers, who requires only $100, or even no threshold.

Spread

BrightFinance says the EUR/USD spread is around 1 pip, which seems attractive. However, since BrightFinance is unregulated, it is unsafe to invest with this broker no matter what its trading conditions is.

Trading Platform

Bright Finance offers a web-based trading platform with charts taken directly from Trading View – an independent, charting web service with historical and real- time market data.

Deposit and Withdrawal

Bright Finance accepts bank wire transfers and two e-wallets – VLoad and PraxisCashier as payment methods.