Company Summary
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 | ❌ |
| 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.
FAQs
Is Bright Point a good for beginners?
No, though Bright Point offers free educational resources for traders, it lacks regulation.
Is it safe to trade with Bright Point?
No, we don't advise any traders trade with unregulated brokers.
Does Bright Point offer commission-free trading?
No, Bright Point's Pro account is still generating low commissions.
