Wikilix
Licence record

BRIGHT: SFC licence ADH427

Issuing authority
Securities and Futures Commission
Jurisdiction
Hong Kong

This is Wikilix's record of a licence issued by Securities and Futures Commission. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Sep 7, 2026

Licence Verification Record

Securities and Futures Commission ADH427

Recorded from the firm's own disclosure. Not yet checked against the register.

Holder
Bright Smart Futures & Commodities Company Limited
Issuing authority
Securities and Futures Commission
Jurisdiction
Hong Kong

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/bright/licenses/securities-and-futures-commission/adh427Fields on file 1 / 11

Open BRIGHTAll BRIGHT licencesAbout SFC
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 1
Jurisdiction
Hong Kong
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
ADH427
The authority

About SFC

Securities and Futures Commission is the authority that issued this licence, and the jurisdiction it applies in is Hong Kong.

Full name
Securities and Futures Commission
Jurisdiction
Hong Kong
Strength
Tier 1The strictest regimes: high capital requirements, segregated client money and a compensation scheme.
Established
1989
Oversight
A government or statutory body
Firms we track under it
189 firms
Regulates
forex, Stocks, Derivatives, Securities, Futures
Licences it issues
Type 3 Leveraged FX, Type 1 Dealing in Securities
Typical cost of a licence
HKD 500000+
Public register
Searchable by the public
Transparency
High
Protection

What this licence protects

SFC's own rules for the firms it authorises.

  • No compensation schemeNo mandatory insurance (but strict fund segregation)
  • Client money kept separate
  • Negative balance protection
  • Complaints routeSFC Complaints / FDRC
  • Maximum leverage1:13
This describes the authority's regime, not how BRIGHT applies it.
The holder

Who holds this licence

The licence above is recorded against BRIGHT. Wikilix holds no separate company records for this holder, so we cannot say which legal company the register issued it to.

Broker
Bright Smart Futures & Commodities Company Limited
Based in
Hong Kong
Wikilix score
49.5the firm’s overall score, not a rating of this licence
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
Yes, Bright Smart does not accept clients from certain prohibited countries including the USA, North Korea, Iran, and other sanctioned countries. This restriction aligns with regulatory compliance and international sanctions.
Bright Smart is authorized to offer trading in various regulated financial instruments including forex, stocks, derivatives, securities, and futures. These instruments are subject to the broker's regulatory framework under the Hong Kong SFC.
According to WIKILIX data, Bright Smart offers a maximum leverage of up to 100. This leverage level applies to their trading accounts but specific leverage conditions may vary depending on the instrument and regulatory requirements.
Yes, Bright Smart requires client identification for deposits, especially for telegraphic transfers, and verification of deposit proofs for bank transfers. Withdrawal instructions must be submitted electronically or by phone before 1:00 pm on a trading day for same-day processing.
Bright Smart provides access to the MetaTrader 4 trading platform, which is available on desktop and supports various operating systems. MetaTrader 4 is known for advanced charting, automated trading via Expert Advisors, and reliable execution for Forex and CFDs trading.
Bright Smart Futures & Commodities Company Limited is regulated by the Securities and Futures Commission (SFC) in Hong Kong. The SFC is a government-regulated authority with high transparency and strict fund segregation rules, although there is no mandatory client fund insurance. This regulation aims to protect investors and ensure compliance with financial laws.
Licence ADH427 was issued by Securities and Futures Commission (SFC), the financial authority for Hong Kong.
BRIGHT holds this SFC licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the SFC register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates SFC tier 1 — the strictest band, with high capital requirements, segregated client money and a compensation scheme.
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