Brighter Trade was a Forex and Crypto CFD Brokerage Firm that opened in 2018.
Brighter Trade Reviews
The first thing you will notice when doing a review of this new broker Brighter Trade, is that they are running on the TraderSoft software for Forex and Crypto Currency CFD trading. Available on the Brighter Trade’s trading software is more than 500 underlying financial assets for CFD trading, including Stocks, Forex, Commodities, Market Indexes and Crypto Currency pairs.
The minimum deposit required for a new trading account is $250. They give you three account types to choose from. Leverage for most accounts is 100:1, and goes up to 200:1.
Brighter Trade is a Scam
What makes this broker a potential scam is their inactivity fees that they charge. If you do not place a trade for a month, you will be charged.
- 1st month of account in-activity – a fee of 49 USD shall be deducted from the account balance
- 2nd month of account in-activity – a fee of 99 USD shall be deducted from the account balance
So basically, if you deposited $250, and want to wait and see, you will have no money left in your account in three months.
If you have a complaint or a problem making a withdrawal, read this.
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Brighter Trade Has No License
When investors research, and read reviews about Forex brokers, they are always looking to see if their broker is licensed and regulated. Most investors in England choose to use a broker that is regulated by the FCA.
Brighter Trade is owned by an Estonian company, which has a currency exchange license. Registration code: 14397082, License Number FVR000058. They are not authorized to manage your investments.
They are owned and operated by Ingoten OU which is located at: Harju maakond, Tallinn, Kesklinna linnaosa, Roosikrantsi tn 2-K367, 10119, Estonia. Their main contact phone number is: +44 144 638 2070, and can be reached via email at: [email protected] Official Website is: https://brightertrade.com/.
Investors who are interested in using a licensed and regulated Forex / Crypto broker can find one here.
Who are The Best Forex Brokers Today? Look Here.
Compare Brighter Trade Brokers
It is very common for investors to have multiple trading accounts at different brokers. Here are a couple of today’s most popular brokers:
ForTrade is a Forex broker licensed and authorised by FCA in United Kingdom, see here. Try a Free Demo of their custom trading platform, register here.