Score
Marshall Islands
|
5-10 years
| https://www.brightfinance.co
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
Marshall Islands
brightfinance.co United StatesNote: Bright Finance's official website: https://www.brightfinance.co is currently inaccessible normally.
| Bright FinanceReview Summary | |
| Founded | / |
| Registered Country/Region | Marshall Islands |
| Regulation | Unregulated |
| Market Instruments | Forex pairs, stocks and cryptos |
| Demo Account | / |
| Leverage | / |
| EUR/USD Spread | Around 1 pip |
| Trading Platform | Web-based |
| Min Deposit | $250 |
| Customer Support | Email: support@brightfinance.co |
| Address: Leeds Innovation Center, 103 Clarenton Road, LS2 9DF, Leeds, UK | |
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 | Cons |
| Various trading options | Not regulated |
| Inaccessible website | |
| No MT4/5 supported | |
| High minimum deposit | |
| Unclear trading fees |
| Tradable Instruments | Supported |
| Forex pairs | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
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.
| Account type | Min.deposit |
| Explorer | $250 |
| Basic | $2 000 |
| Sliver | $10 000 |
| Gold | $25 000 |
| Platinum | $100 000 |
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.
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.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-based | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Bright Finance accepts bank wire transfers and two e-wallets – VLoad and PraxisCashier as payment methods.
Warning regarding unregulated entities
Country/Region
Disclosure time
2025-08-14
Disclose broker
List of the KNF's public warnings
Country/Region
Disclosure time
2024-04-18
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Warning regarding unregulated entities
Country/Region
Disclosure time
2021-01-08
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Blacklists of unauthorized companies and websites: Forex.
Country/Region
Disclosure time
2020-06-04
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