Great Bright

Aspect	Information
Registered Country/Area	Hong Kong
Company Name	Great Bright (Operated by Weihui International Holdings Limited)
Regulation	Regulated by CGSE (Chinese Gold and Silver Exchange Society)
Minimum Deposit	Not specified (Varies, contact customer support)
Maximum Leverage	Up to 1:50
Spreads	$0.50 per ounce (London Gold), $0.05 per ounce (London Silver)
Trading Platforms	MetaTrader 4 (MT4)
Tradable Assets	Primarily precious metals, including London Gold and London Silver
Account Types	Real Accounts, Demo Accounts
Demo Account	Available
Customer Support	Phone, Email, Physical Address (Hong Kong)
Payment Methods	Domestic Card Deposit, Hong Kong Bank Deposit/Wire Transfer
Educational Tools	“Trading Classroom” with educational articles

Overview

Great Bright, operated by Weihui International Holdings Limited and headquartered in Hong Kong, is a regulated trading company under the oversight of the Chinese Gold and Silver Exchange Society (CGSE). Offering a variety of trading accounts, including Real and Demo Accounts, Great Bright specializes in precious metals trading, with a primary focus on London Gold and London Silver. Traders can enjoy leverage of up to 1:50, access the widely-used MetaTrader 4 (MT4) platform, and benefit from a “Trading Classroom” offering educational articles. The company provides responsive customer support through phone and email, as well as a physical address in Hong Kong for face-to-face interactions. While certain details like the founding year and specific minimum deposit requirements are not specified, Great Bright aims to offer a comprehensive trading experience for its clients, particularly in the realm of precious metals.

Regulation

Great Bright, a company based in Hong Kong, is subject to regulation by the CGSE, which stands for the Chinese Gold and Silver Exchange Society. Holding a Type B license, Great Bright operates within the confines of this regulatory framework, demonstrating its commitment to compliance with the stringent guidelines and standards set by the Chinese Gold and Silver Exchange Society in the realm of gaming and sports activities in Hong Kong.

Pros and Cons

Great Bright offers a range of services to traders and investors. Great Bright offers regulated and specialized services in precious metals trading. It provides account variety, access to MT4, and flexible leverage options. However, there is room for improvement in terms of expanding educational resources and presenting account information more clearly on their website. Overall, it aims to provide a positive trading experience with transparent fees and responsive customer support.

Pros	Cons
Regulated by CGSE	Limited Asset Variety
Offers both Real and Demo Accounts.	Limited Account Information
Access to MT4	Room to richen its educational part
Flexible Leverage up to 1:50
Solid eductional contents including a “Trading Classroom”
Offers accessible support channels

Market Instruments

Great Bright offers a range of market instruments, primarily focusing on precious metals trading, including London Gold and London Silver.

1. London Gold: Great Bright provides access to London Gold trading, which is a form of precious metal margin trading. It operates as a platform established by various gold companies, enabling traders to engage in online buying and selling transactions with market makers using leverage ratios. London Gold is essentially a spot trading mechanism, where delivery occurs shortly after the transaction or within a few days. This instrument allows investors to profit from price fluctuations in gold, and it offers flexibility with 24-hour trading through electronic platforms.

2. London Silver : Great Bright also facilitates trading in London Silver, another form of precious metal margin trading. Similar to London Gold, London Silver operates as a spot trading instrument, with delivery taking place shortly after the transaction or within a few days. It leverages the principle of capital leverage for contract-based buying and selling. Investors can engage in 24-hour trading across major global markets, including London, Zurich, New York, Chicago, and Hong Kong. Silver, being a scarce metal with both industrial and investment value, offers opportunities for investors to profit from price differentials without the need for physical delivery.

Account Types

Great Bright offers two distinct types of accounts to cater to the needs and preferences of its clients: Real Accounts and Demo Accounts.

1. Real Accounts:

• A Real Account is designed for clients who are ready to trade with actual funds and engage in live trading activities.

• Clients who choose a Real Account can deposit real money into their trading accounts and use it to buy and sell financial instruments such as precious metals like London Gold and London Silver.

• This type of account is suitable for experienced traders, investors, and individuals who are interested in participating in the financial markets with real capital.

• Real Accounts come with all the features and functionalities required for actual trading, including access to real-time market data, execution of real trades, and the opportunity to profit or incur losses based on market movements.

1. Demo Accounts:

• A Demo Account, also known as a practice or simulation account, is intended for clients who want to familiarize themselves with the trading platform, test strategies, and practice trading without risking real money.

• Great Bright provides clients with virtual funds in their Demo Accounts, allowing them to simulate real market conditions and trade various financial instruments in a risk-free environment.

• It serves as an excellent learning and training tool for novice traders who want to gain confidence and experience in trading before transitioning to a Real Account.

• Demo Accounts provide access to the same trading platform features as Real Accounts but with virtual funds, making it an ideal starting point for those new to trading.

Leverage

Great Bright offers a maximum trading leverage of up to 1:50. Leverage is a financial tool that allows traders to control a larger position size with a relatively smaller amount of capital. In the case of 1:50 leverage, for every $1 in the trader's account, they can control a position worth up to $50 in the market. While leverage can amplify potential profits, it also significantly increases the potential for losses. Traders should use leverage cautiously and be aware of the risks associated with it, as higher leverage ratios like 1:50 require strict margin requirements and can lead to substantial losses if market movements go against the trader's position.

Trading fees

The trading fees for the commodities trading of local spot gold (LLG) and local spot silver (LLS) are outlined as follows:

Contract Unit (Per Lot):

• Local Spot Gold (LLG): 100 ounces

• Local Spot Silver (LLS): 5,000 ounces

Spread (Per Ounce):

• Local Spot Gold (LLG): $0.50

• Local Spot Silver (LLS): $0.05

Initial Margin (Per Lot):

• Both LLG and LLS require an initial margin of $2,500 per lot.

Minimum Trading Quantity (Per Lot):

• The minimum trading quantity for a single trade is 0.05 lots of the contract.

Maximum Trading Quantity (Per Lot):

• The maximum trading quantity for a single trade is 20 lots of the contract.

Commission (Per Lot):

• A commission fee of $50 is charged per lot traded.

Daily Interest Charges:

• For LLG, a daily interest charge of $5 is applicable.

• For LLS, a daily interest charge of $10 is applicable.

Daily Storage Fee (Per Lot):

• There is no daily storage fee specified for these commodities.

Lock Margin (Per Lot):

• A lock margin of $625 per lot (equivalent to a set of 1250 lots) is required.

These trading fees and charges are important considerations for traders engaging in commodity trading of local spot gold and silver. It's crucial for traders to understand these costs as they can impact their overall trading profitability and risk management strategies. Additionally, traders should be aware of any additional fees or charges that may apply based on their broker's policies and the specific terms of their trading accounts.

Deposit & Withdrawal

Deposit Process:

Customers can deposit funds into their trading accounts through the following methods, with reference to the deposit process:

1. Domestic Card Deposit: Customers can make deposits using domestic cards.

2. Hong Kong Bank Deposit/Wire Transfer: Customers have the option to deposit funds into their trading accounts via Hong Kong bank deposits or wire transfers.

For deposits made through methods other than domestic card deposits, customers are required to submit proof of the transaction, including a screenshot of the remittance form or confirmation, via email, fax, or online submission to the customer service department. Once the deposit is verified, the funds will be credited to the customer's trading account within 10 minutes. It's important to note that third-party deposits are not accepted.

Withdrawal Process:

Customers can submit withdrawal requests using the following methods, with reference to the withdrawal process:

1. Online Withdrawal Request: Customers can submit withdrawal requests online.

2. In-Person: Withdrawals can be requested in person.

3. Mail/Email/QQ: Customers can also submit withdrawal requests through mail, email, or QQ.

Withdrawal requests made before 4:30 PM each day will be processed on the same day. However, requests submitted after this time will be processed on the next working day. If the withdrawal amount exceeds $50, administrative fees required for the transfer may be deducted from the withdrawal amount. It's essential for customers to be aware of potential charges associated with their withdrawal requests and to follow the specified procedures for a smooth withdrawal process.

Both the deposit and withdrawal processes are crucial aspects of managing a trading account, and it's important for customers to adhere to the outlined procedures to ensure the timely and secure transfer of funds in and out of their accounts.

Trading Platforms

Great Bright provides its clients with access to the popular MetaTrader 4 (MT4) trading platform. MT4 is a widely recognized and respected platform in the financial industry known for its robust features, user-friendly interface, and comprehensive tools for trading various financial instruments, including forex, commodities, and indices. With MT4, Great Bright's clients can benefit from real-time market data, advanced charting capabilities, automated trading through expert advisors (EAs), and a range of technical indicators for informed decision-making. The platform offers flexibility, customization options, and compatibility with various devices, making it a valuable tool for traders of all levels of experience seeking to participate in the dynamic world of online trading.

Customer Support

Great Bright, operated by Weihui International Holdings Limited, offers accessible and responsive customer support for clients with inquiries or concerns regarding their services and products. Clients can reach out to the customer support team through various channels:

1. Physical Address: Customers can visit the company's office at Room 8, 14th Floor, Tower B, Po Yip Building, 62-70 Texaco Road, Tsuen Wan, New Territories, Hong Kong. This provides an option for face-to-face interaction and support.

2. Phone: The provided phone number, +852 27855305, allows clients to make direct inquiries and receive assistance over the phone.

3. Email: The email address, support@gbih.com.hk, serves as an electronic communication channel for clients to send queries or requests for assistance.

Additionally, the company encourages clients to submit their opinions, comments, and questions through their website. This feedback channel ensures that clients have a convenient way to express their concerns or provide feedback about Great Bright's products and services.

Educational Resources

Great Bright's comprehensive offering extends to a dedicated “Trading Classroom” section, where clients can access a wealth of educational resources. In this section, traders can find a range of informative articles and materials designed to help them learn the intricacies of trading. Whether it's gaining insights into market analysis, understanding trading strategies, or exploring risk management techniques, the Trading Classroom serves as a valuable resource hub for traders of all levels. By providing access to educational content, Great Bright demonstrates its commitment to equipping its clients with the knowledge and tools necessary to make informed trading decisions and navigate the financial markets effectively.

Summary

Great Bright, a Hong Kong-based company regulated by the Chinese Gold and Silver Exchange Society (CGSE), offers valuable services to traders and investors. Holding a Type B license, it operates within a regulated framework, ensuring compliance with industry standards in Hong Kong. The broker provides an array of market instruments, with a primary focus on precious metals trading, including London Gold and London Silver. Clients can choose between Real and Demo accounts to suit their trading needs and experience levels. Leverage of up to 1:50 is available, enabling traders to control larger positions with a relatively small capital investment. The trading fees for commodities are transparently outlined, and deposit and withdrawal processes are convenient. Great Bright also offers the popular MetaTrader 4 (MT4) platform for trading various financial instruments. With accessible customer support and a dedicated “Trading Classroom,” the company aims to empower clients with knowledge and resources for successful trading.

FAQs

Q1: What is the minimum deposit requirement for opening a Real Account with Great Bright？

A1: The minimum deposit requirement for a Real Account with Great Bright varies, and clients are advised to contact customer support or refer to the official website for the most up-to-date information.

Q2: Can I trade London Gold and London Silver 24 hours a day？

A2: Yes, you can trade London Gold and London Silver 24 hours a day through Great Bright's platform, allowing flexibility in your trading activities.

Q3: Is there a demo account available for practicing trading strategies without risking real money？

A3: Yes, Great Bright offers Demo Accounts, providing traders with virtual funds to practice and test trading strategies in a risk-free environment.

Q4: How long does it take to process withdrawal requests with Great Bright？

A4: Withdrawal requests submitted before 4:30 PM are processed on the same day, while those submitted after this time are processed on the next working day.

Q5: Does Great Bright charge any daily storage fees for trading commodities like local spot gold and silver？

A5: No, there are no daily storage fees specified for trading commodities such as local spot gold and silver with Great Bright.