Brilliant, officially known as Brilliant Global Financial Limited, was established in 2012. The company is headquartered in Chengdu, China, specifically located at Room 406, 4th Floor, Block A, Ying Chuang Power Building, No. 539 Jincheng Avenue, High-Tech Zone. Brilliant operates as a private entity, providing a range of trading services primarily in the forex and CFD markets.
Over the years, Brilliant has developed a strong reputation in the financial industry, serving a diverse clientele that includes both retail traders and institutional investors. The broker has made significant strides since its inception, with key milestones including the expansion of its product offerings and the establishment of a robust trading platform. Brilliant is known for its commitment to providing quality trading services and has garnered a loyal customer base as a result.
The business model of Brilliant focuses on retail forex trading, offering clients access to various financial instruments, including forex, commodities, indices, and contracts for difference (CFDs). The broker aims to facilitate a seamless trading experience for its users, leveraging technology and market expertise to enhance service delivery.
Brilliant operates under the regulatory framework of the China Financial Futures Exchange (CFFEX), holding a futures license. The license number and specific details regarding the scope of regulation have not been explicitly mentioned in the available sources, but it is crucial for prospective clients to verify these details directly with the broker.
As for the regulatory status, Brilliant is primarily regulated in China, which provides a certain level of oversight. However, the broker's operations in other jurisdictions may not be subject to the same regulatory scrutiny. There are indications of potential concerns regarding the broker's compliance practices, with some sources suggesting a lack of comprehensive regulatory oversight.
Brilliant adheres to a customer fund segregation policy, ensuring that clients' funds are kept separate from the company's operational funds. This practice is designed to protect client assets in the event of financial difficulties faced by the broker. Additionally, Brilliant implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to enhance the security of its operations and prevent fraudulent activities.
Brilliant offers a wide range of trading products, focusing primarily on forex currency pairs. The broker provides access to a variety of major, minor, and exotic currency pairs, catering to the diverse trading preferences of its clients. In addition to forex, Brilliant also offers contracts for difference (CFDs) on various asset classes, including commodities, indices, and precious metals.
The broker's product offerings are regularly updated, and it is committed to expanding its range of instruments to meet the evolving needs of traders. While specific unique products have not been highlighted in the available sources, the comprehensive nature of its offerings positions Brilliant as a competitive player in the forex brokerage market.
Brilliant also provides retail trading services, ensuring that individual traders have access to the necessary tools and resources for effective trading. For institutional clients, Brilliant offers tailored services that may include liquidity provision and white-label solutions, enhancing its appeal to a broader market segment.
Brilliant does not support the widely used MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, which may be a consideration for traders accustomed to these popular trading environments. Instead, the broker has developed its proprietary trading platform, designed to meet the needs of its clients.
The proprietary platform offers a web-based trading experience, enabling users to access their accounts from various devices without the need for software downloads. Additionally, Brilliant provides a mobile application for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go.
Brilliant employs an execution model that combines elements of Electronic Communication Network (ECN) and Straight Through Processing (STP), ensuring efficient trade execution and competitive pricing. The broker's servers are strategically located to enhance trading performance and reduce latency, providing clients with a reliable trading experience.
For traders interested in automated trading, Brilliant offers API access, enabling clients to implement their trading strategies seamlessly.
Brilliant provides several account types to accommodate different trading styles and preferences. The standard account features a minimum deposit requirement, competitive spreads, and no commission on trades, making it accessible for retail traders.
In addition to the standard account, Brilliant offers advanced account types, including VIP and professional accounts, which may come with added benefits such as lower spreads and enhanced support services. Specific details regarding the conditions for these accounts, including minimum deposits and spreads, are not fully disclosed in the available sources.
Brilliant also provides the option for Islamic accounts, catering to traders who require compliance with Sharia law. These accounts typically do not incur overnight fees, aligning with Islamic finance principles.
The broker offers a demo account policy, allowing prospective clients to practice trading without any financial risk. Leverage ratios vary depending on the asset class, with different products offering distinct leverage options to accommodate the varying risk appetites of traders.
Brilliant supports multiple deposit methods, including bank transfers, credit cards, and electronic wallets, providing clients with flexibility in funding their accounts. The minimum deposit requirements differ based on the account type selected, ensuring that traders can choose an option that aligns with their financial capabilities.
Deposit processing times are generally quick, with most transactions being completed within a few hours. However, the broker does not explicitly outline the specific time frames for each deposit method in the available information.
Withdrawal options are similarly diverse, though there may be restrictions based on the chosen method. The processing times for withdrawals can vary, with some methods taking longer than others. Brilliant implements a fee structure for withdrawals, with fees applicable depending on the amount and method used, though specific details regarding these fees are not provided in the sources.
Brilliant offers various customer support channels, including phone, email, and online chat, ensuring that clients can reach out for assistance as needed. The support team is available during specified hours, and the broker aims to respond promptly to inquiries.
The broker provides multilingual support, catering to a diverse clientele and enhancing the overall customer experience. Educational resources are also available, including webinars, tutorials, and e-books, designed to help traders enhance their knowledge and skills in the financial markets.
Brilliant offers market analysis services, providing clients with daily insights, news updates, and research reports to inform their trading decisions. Additionally, the broker offers trading tools such as calculators and economic calendars to assist traders in their analysis and planning.
Brilliant primarily serves clients in Asia, with a strong focus on the Chinese market. The broker has established a presence in various regions, expanding its reach to cater to a growing global clientele. However, specific details regarding regional offices and their distribution are not thoroughly detailed in the available sources.
Certain countries may be restricted from accessing Brilliant's services, particularly those that impose regulatory limitations on foreign brokers. The broker does not explicitly list these countries, so potential clients are advised to verify their eligibility before attempting to open an account.
In summary, Brilliant is a broker that offers a diverse range of trading products and services, supported by a proprietary trading platform and a commitment to customer support. While it has established a reputable presence in the forex market, prospective clients should conduct thorough research to ensure that the broker aligns with their trading needs and regulatory requirements.
FX4362608942
Thailand
I don't get any profit from the broker
Exposure
2020-12-02