Brilliant Global

Overview

Brilliant Global is an unregulated broker based in China, offering trading in gold (XAUUSD) and silver (XAGUSD) with maximum leverages of approximately 200 times for gold and about 120 times for silver. The broker provides the MetaTrader 5 (MT5) trading platform and offers both Real and Demo Accounts. Clients can access educational resources such as a Daily Trading Guide, Gold and Silver Review, Investment Academy, Precious Metal Basics, and tools for exchange rate conversion and currency rate inquiry. While it supports bank transfers for funding, credit card deposits are not supported. Customer support is available through various channels, including online chat, phone, Enterprise QQ, email, and social media. It's important to note that the broker operates without regulatory oversight, and withdrawal fees may apply under specific conditions. Additionally, there is no guarantee of real-time web page funding.

Regulation

Brilliant Global operates as an unregulated broker, meaning it lacks the oversight and regulatory compliance typically associated with established financial institutions. This absence of regulatory scrutiny raises significant concerns regarding the safety and security of clients' investments. Unregulated brokers often operate without the necessary safeguards in place, leaving investors vulnerable to potential fraud, mismanagement of funds, and a lack of recourse in the event of disputes. It is crucial for individuals considering financial transactions with Brilliant Global to exercise caution and conduct thorough due diligence, as there may be limited protections and legal recourse available should issues or disputes arise during their financial dealings with this entity.

Pros and Cons

Brilliant Global operates as an unregulated broker, which raises concerns regarding the safety and security of clients' investments due to the lack of regulatory oversight. While it offers market instruments, including gold and silver, with varying leverage ratios and margin requirements, traders should approach these offerings with caution. The broker provides the MetaTrader 5 (MT5) trading platform, known for its versatility and advanced features. However, the absence of regulatory oversight and the associated risks must be carefully considered. Customer support options are available through various channels, enhancing accessibility. Educational resources, such as daily trading guides and investment academy materials, empower traders with knowledge and skills. Deposit and withdrawal processes are detailed, with various banking options and associated fees.

The pros and cons of Brilliant Global highlight the broker's strengths and areas of concern. While it offers a range of trading opportunities and educational resources, the lack of regulation and associated risks should be carefully evaluated by potential traders.

Market Instruments

Brilliant Global provides a range of market instruments for traders to engage in commodity contract transactions. The primary trading products offered by the broker are gold (XAUUSD) and silver (XAGUSD). These commodities are popular choices among investors seeking exposure to precious metals markets. Let's delve into a detailed description of these market instruments:

Gold (XAUUSD):

• Product Code: XAUUSD

• Number of Positions Held: Traders can hold positions ranging from 0 to 100 lots, 100.01 to 200 lots, and more than 200 lots.

• Fixed Margin: The margin requirements vary based on the number of lots held, with values set at $1,000, $2,000, and $4,000, respectively.

• Contract Unit: 1 lot equals 100 ounces of gold.

• Leverage Ratio: The leverage ratio for gold is about 200 times for positions up to 100 lots and gradually decreases for larger positions.

• Lowest Amplitude: The lowest amplitude is 0.01 for all position ranges.

• Average Spread (Pips): The average spread for gold is 0.5 pips with a maximum rebate of $28 per lot.

• Pending Order Distance: 2.0 pips.

• Overnight Interest: -1.75% for buys and -0.15% for sells.

Silver (XAGUSD):

• Product Code: XAGUSD

• Number of Positions Held: Traders can hold positions ranging from 0 to 20 lots, 20.01 to 40 lots, and more than 40 lots.

• Fixed Margin: The margin requirements vary based on the number of lots held, with values set at $1,000, $2,000, and $4,000, respectively.

• Contract Unit: 1 lot equals 5,000 ounces of silver.

• Leverage Ratio: The leverage ratio for silver is about 120 times for positions up to 20 lots and gradually decreases for larger positions.

• Lowest Amplitude: The lowest amplitude is 0.01 for all position ranges.

• Average Spread (Pips): The average spread for silver is 0.03 pips with a maximum rebate of $28 per lot.

• Pending Order Distance: 0.20 pips.

• Overnight Interest: -1.75% for both buys and sells.

Additionally, the broker provides information about trading hours in both Beijing and UK time zones for both summer and winter seasons, ensuring that traders have access to these markets at various times. It's important for traders to be aware of these trading hours and other margin requirements, especially the forced liquidation margin ratio, to manage their positions effectively and mitigate risks.

Here is a detailed table summarizing the market instruments:

Account Types

Brilliant Global offers traders a diverse range of account types to cater to their specific needs and preferences. The broker has structured its trading accounts into three tiers, each with distinct features and benefits, allowing traders to choose the one that best suits their trading goals and experience levels.

Real Account:

The Real Account is designed for traders who wish to engage in live trading with real capital. It provides access to the full suite of trading products, including gold (XAUUSD) and silver (XAGUSD). This account type offers varying levels of leverage, allowing traders to manage their risk exposure according to their comfort level and experience. The fixed margin requirements differ based on the number of positions held, ensuring flexibility in account management. Traders can also benefit from competitive average spreads and overnight interest rates. With the Real Account, traders can experience the thrill of real financial markets while applying their trading strategies and risk management techniques.

Demo Account:

For those who are new to trading or wish to test their strategies in a risk-free environment, Brilliant Global offers the Demo Account. This account type simulates live market conditions and allows traders to practice trading with virtual funds. It serves as an invaluable learning tool, providing a hands-on experience without the risk of losing real capital. Traders can explore various trading products, familiarize themselves with the platform, and refine their trading strategies. The Demo Account is an ideal starting point for beginners and a valuable resource for experienced traders looking to fine-tune their approaches before transitioning to a Real Account.

Leverage

Brilliant Global offers traders the opportunity to use leverage in their trading activities, with a maximum trading leverage of approximately 200 times for gold (XAUUSD) and about 120 times for silver (XAGUSD). Leverage allows traders to control larger positions with a smaller capital outlay, potentially amplifying both gains and losses. However, it's important to exercise caution and employ effective risk management strategies when using high leverage, as it can lead to significant and rapid losses. Traders should thoroughly understand leverage before utilizing it in their trades and be aware of the specific leverage policies and margin requirements set by the broker.

Spreads & Commissions

Brilliant Global's spreads and commissions are variable, and they depend on the specific trading accounts and instruments traders choose. The broker offers competitive average spreads, such as 0.5 pips for gold (XAUUSD) and 0.03 pips for silver (XAGUSD), with the possibility of maximum rebates of up to $28 per lot. However, it's important to note that spreads may vary based on market conditions and account types. Additionally, the broker does not explicitly mention commissions in the provided information, indicating that they might not charge explicit commissions on trades, but instead incorporates costs into the spreads. Traders should carefully review the broker's official documentation and account details to understand the exact pricing structure associated with their chosen account type and trading instruments.

Deposit & Withdrawal

Deposit:

• Accepted Accounts: Royal Global Financial allows customers to use their personal bank accounts for deposits, ensuring transaction security.

• Third-Party Account Restrictions: The company reserves the right to verify and reject deposits made from third-party accounts. If a customer uses an account other than their own, a 6% deduction from the deposited amount may be applied as operating expenses, with the balance returned to the original bank account.

• Credit Card Funding: Currently, the company does not support credit card funding and disclaims responsibility for any unsuccessful funding attempts or resulting losses.

• MT5 Accounts: For MT5 accounts, after verifying receipt of funds, the company handles capital injections on behalf of the customer.

• Handling Fees: Customers are responsible for any handling fees incurred during bank transfers.

• Web Page Funding: Due to potential internet connectivity issues, the company cannot guarantee real-time web page funding.

Withdrawal:

• Processing Time: Royal Global Financial processes withdrawal requests within two hours of receipt.

• Arrival Times (Chinese Mainland): Withdrawals can be received 24/7 at specific banks, including China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, and China Merchants Bank. Other banks in mainland China allow withdrawals 24 hours a day.

• Billing Reminder Services: The company offers free billing reminder and notification SMS services to customers in mainland China.

• Arrival Times (Outside Chinese Mainland): Withdrawals outside mainland China are processed on the next working day, with arrival times depending on the bank's processing speed.

• Bank Information Binding: Before the first withdrawal, customers must bind their bank information by uploading a valid ID and bank card image through the user center. The company will not accept withdrawal applications without completed bank information binding.

• Withdrawal Currency: The withdrawal currency depends on the location of the withdrawal bank, with RMB for mainland China and USD for other countries or regions. Exchange rates are calculated based on daily rates published on the official website.

• Withdrawal Fees: Withdrawal fees vary based on withdrawal amount and conditions. Discounts are offered for withdrawals of US$50 or more, while withdrawals under US$50 incur a uniform fee of US$3. A 6% withdrawal fee applies under specific conditions, such as low transaction volume or no trading activity after the last deposit.

• Payment Processing: The speed of bank payment processing may vary due to third-party factors, and delays beyond 2 hours are possible. Customers agree not to hold Royal Global Financial responsible for delays.

• Rights to Interpret Fees: Royal Global Financial retains the right to interpret and decide on deposit and withdrawal fees.

For inquiries, customers can contact 24-hour professional online customer service or the Royal Global hotline.

Trading Platforms

MetaTrader 5 (MT5) is a versatile and user-friendly trading platform known for its advanced features. It offers multi-asset trading, advanced charting tools, automated trading with Expert Advisors (EAs), mobile accessibility, and real-time financial news. MT5 is ideal for traders of all levels, allowing customization, backtesting of strategies, and one-click trading. Its security measures protect sensitive data, while the platform's marketplace and community enable traders to share insights and access additional tools. Overall, MT5 is a powerful choice for traders across various asset classes.

Customer Support

Royal Global Financial offers a range of customer support options to assist traders with their inquiries and needs:

• Online Support: Traders can access professional customer support online through the “Click to Chat” feature, ensuring quick and convenient assistance.

• Phone: The company provides a dedicated phone line at 4001209311 for direct phone support, allowing traders to speak with customer service representatives.

• Enterprise QQ: Traders can reach out using Enterprise QQ at 800822551 for real-time communication and support.

• Email Support: For written inquiries and assistance, traders can contact customer support via email at cs@bibfxtrade.net.

• Social Media: Royal Global Financial maintains a presence on platforms like Weibo, where traders can stay updated with the latest company news and announcements.

These multiple channels ensure that traders can easily reach out to the customer support team for any questions or assistance they may require regarding the company's services, trading platform, or account-related matters. Royal Global Financial is committed to providing accessible and responsive customer support to enhance the trading experience for its clients.

Educational Resources

Royal Global Financial offers a comprehensive suite of educational resources designed to empower traders with knowledge and insights to enhance their trading skills and decision-making. These resources include:

1. Daily Trading Guide: Traders can access a valuable daily trading guide that provides up-to-date market analysis, trade ideas, and key insights into current market conditions. This guide assists traders in making informed decisions and staying updated on potential trading opportunities.

2. Gold and Silver Review: Royal Global Financial provides in-depth reviews and analysis of the gold and silver markets. These reviews offer a thorough examination of precious metal trends, factors influencing prices, and potential trading strategies. Traders can use this information to gain a deeper understanding of these markets.

3. Investment Academy: The Investment Academy is a valuable learning hub that covers a wide range of topics related to trading and investing. It offers educational materials, tutorials, and resources for traders of all levels. Whether you're a beginner looking to grasp the basics or an experienced trader seeking advanced strategies, the Investment Academy caters to diverse learning needs.

4. Precious Metal Basics: For those interested in precious metals trading, Royal Global Financial provides a foundation in precious metal basics. This educational content explains the fundamentals of trading gold and silver, including their unique characteristics, market dynamics, and factors that influence their prices.

5. Exchange Rate Conversion: Understanding exchange rates is crucial for forex traders. The platform offers tools and resources to help traders grasp exchange rate conversion. This knowledge empowers traders to calculate currency conversions accurately, an essential skill in global financial markets.

6. Global Currency Exchange Rate Inquiry: Traders can access real-time global currency exchange rate information, allowing them to stay informed about currency valuations and make informed trading decisions based on the latest market data.

These educational resources collectively provide traders with the knowledge and skills necessary to navigate the financial markets effectively. Whether traders are interested in daily market insights, precious metals trading, or gaining a deeper understanding of exchange rates, Royal Global Financial's educational offerings cater to traders of all backgrounds and experience levels.

Summary

Brilliant Global operates as an unregulated broker, which raises concerns regarding the safety and security of clients' investments due to the lack of regulatory oversight. The broker offers market instruments, including gold and silver, with varying leverage ratios and margin requirements. Traders can choose from a range of account types, including Real and Demo Accounts, each catering to different trading needs and experience levels. The broker provides the MetaTrader 5 (MT5) trading platform, known for its versatility and advanced features. Customer support options are available through online chat, phone, Enterprise QQ, email, and social media. Educational resources, such as daily trading guides, gold and silver reviews, and an Investment Academy, are offered to enhance traders' knowledge and skills. Deposit and withdrawal processes are detailed, with various banking options and associated fees. In summary, while Brilliant Global offers diverse trading opportunities, traders should exercise caution due to its unregulated status and carefully consider the associated risks.

FAQs

Q: Is Brilliant Global a regulated broker？

A: No, Brilliant Global operates as an unregulated broker, which means it lacks the oversight and regulatory compliance typically associated with established financial institutions.

Q: What market instruments can I trade with Brilliant Global？

A: Brilliant Global offers gold (XAUUSD) and silver (XAGUSD) as primary trading products, allowing you to engage in commodity contract transactions in these precious metals.

Q: What account types are available at Brilliant Global？

A: Brilliant Global offers Real Accounts for live trading with real capital and Demo Accounts for risk-free practice. These accounts cater to traders of varying experience levels.

Q: What is the maximum leverage offered by Brilliant Global？

A: Brilliant Global provides a maximum trading leverage of approximately 200 times for gold (XAUUSD) and about 120 times for silver (XAGUSD).

Q: How can I contact Brilliant Global's customer support？

A: You can reach Brilliant Global's customer support through online chat, phone (4001209311), Enterprise QQ (800822551), email (cs@bibfxtrade.net), and social media platforms.