Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighHolds a verified but low-tier Mauritius Investment Dealer licence; carries a deregistered New Zealand registration and no top-tier oversight or compensation scheme.
Identity & transparency
4/10 · ModerateLegal name and registered Mauritius address match the regulator's register, but the identity is muddled across New Zealand and Mauritius and no licence-verify link is published.
Withdrawals & conduct
4/10 · ModerateOne isolated, unspecific fund-access complaint (withdrawal method mismatch); no broad or dated pattern found.
Reputation
5/10 · ModerateThin footprint: no Trustpilot profile, no Forex Peace Army reviews, a mix of affiliate pages and one recovery-site alert; no regulator warning naming the broker.
Website claims
6/10 · HighCurrent Mauritius claim is true, but the operation has implied New Zealand/FMA regulation it no longer holds and marketing inflates the founding year to 2010/16 years.
Operational history
6/10 · HighVerifiable licensed operation since 2021 with brand roots to about 2014, but with a regulatory gap and a main domain parked until around 2024.
Who they are
A quick desk file on the company behind the brand.
- Brand: BrightWin (BrightWin Securities and Finance)
- Legal entity: BRIGHTWIN S AND F LTD (Mauritius); formerly Brightwin Securities and Finance Limited (New Zealand)
- Registered: 3 Emerald House, Trianon, Quatre Bornes 72257, Mauritius (confirmed on the Mauritius regulator's register)
- Website: brightwinfinance.com (brightwinsecurities.com redirects to it)
- Only genuine licence: Financial Services Commission Mauritius, Investment Dealer (Full Service Dealer excluding Underwriting), since 5 July 2021
- Offers: Forex, commodities, indices, equities and CFDs on MetaTrader 5
- Not accepted: UAE residents and US based retail clients
- Age claim: Affiliate pages say 'since 2010' and '16 years'; the verifiable licensed operation dates to 2021 and the brand to about 2014
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Financial Services Commission, Mauritius
Found by our investigation (1) — the broker does not list these on its own site
Financial Markets Authority / Financial Service Providers Register, New Zealand
Found by us — not listed by the broker
Why we reached this verdict
How the evidence adds up.
We rate this broker high risk because its real protection for clients is thin, and parts of its regulatory story do not hold up.
- The Mauritius licence is real, but weak. We searched the Financial Services Commission of Mauritius online public register and found BRIGHTWIN S AND F LTD listed with an Investment Dealer (Full Service Dealer) licence dated 5 July 2021. The name and the registered address match the website. This is genuine offshore regulation, but Mauritius is a low-tier regulator with no retail compensation scheme.
- The New Zealand credential is dead. The New Zealand Financial Service Providers Register shows Brightwin Securities and Finance Limited (FSP341066) was deregistered on 24 October 2018. It was only ever registered as a financial-adviser employer and a money-transfer service, never as a forex or derivatives provider. Any suggestion of being 'regulated by the FMA' is misleading.
- Marketing overstates the history. Third-party pages describe the firm as founded in 2010 with 16 years of operation. Both of its domains were registered in November 2013 and the main site sat empty until about 2024. The licensed Mauritius entity dates to 2021.
- Thin, mixed reputation. There is no Trustpilot profile for the domain and no Forex Peace Army reviews. We found one unresolved withdrawal complaint (a client could not withdraw via the method used to deposit).
- The company website does not link its licence to the regulator's register, and it displays a Global Business Licence number (GB21026313) rather than its dealer licence reference.
The age figure here should be read as an upper bound. Both domains date to 2013, but the current licensed entity dates only to 2021 and the site was parked for years, so we could not date the operating company from a corporate registry.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The Financial Services Commission of Mauritius online public register lists BRIGHTWIN S AND F LTD with an Investment Dealer (Full Service Dealer excluding Underwriting) licence dated 05/07/2021, registered address 3 Emerald House, Trianon, Quatre Bornes 72257, matching the website.
E2The New Zealand Financial Service Providers Register shows Brightwin Securities and Finance Limited (FSP341066, NZBN 9429041017210) was deregistered on 24 October 2018 and was only registered for financial-adviser-employer and money-transfer services, never for forex or derivatives.
E3Both brightwinfinance.com and brightwinsecurities.com were registered on 13 November 2013; archive snapshots of brightwinfinance.com in 2018 to 2021 were empty and broker content only appears from mid-2024.
E4brightwinsecurities.com currently redirects to www.brightwinfinance.com, confirming the New Zealand era brand and the Mauritius site are the same operation.
ModerateLive redirect checkE5No regulator warning list names BrightWin or brightwinfinance.com. The FCA 'Bright Finance' warning names a different firm at brightfinance.co in Leeds, United Kingdom, with no reference to BrightWin.
ModerateFCA warning (Bright Finance)E6A third-party broker review reports a client who deposited via Skrill could not find a matching withdrawal option and got no response to repeated emails; the domain has no Trustpilot profile and no Forex Peace Army reviews.
E7An affiliate review page dated August 2026 describes the firm as founded in 2010 with 16 years of operation and headquartered in New Zealand, claims not supported by the 2013 domain dates or the 2021 Mauritius licence.
ModerateAffiliate broker reviewE8The website footer states BRIGHTWIN S AND F LTD is authorised and regulated by the FSC Mauritius with 'License Number GB21026313', which is a Global Business Licence number rather than the separate Investment Dealer licence confirmed on the register.
ModerateBrightWin website footer
The other side
The strongest case in this broker’s favour.
In fairness to BrightWin, several points weigh in its favour.
- It holds a real, in-force offshore licence that we confirmed on the regulator's own register, with a matching legal name and registered address. That is more than many suspect brokers can show.
- The brand and its domains have existed since 2013 to 2014, so this is not a brand-new throwaway operation.
- No regulator anywhere has published a warning naming this broker or its domains.
- It is not impersonating a famous firm. It uses its own name and its own licence, so it is not a clone.
- The one withdrawal complaint we found is isolated and lacks amounts or dates, and could reflect a policy of returning funds to the original payment method rather than theft.
What would change this
What we would need to see to revise the verdict.
Our view would move in either direction on specific evidence.
- Toward safer: the firm publishing a working link from its licence number straight to the Mauritius register, a clean multi-year record of paid withdrawals on independent platforms, and dropping any New Zealand or FMA references.
- Toward scam: a regulator warning naming brightwinfinance.com, a cluster of specific, dated withdrawal-refusal complaints across two or more platforms, any demand for an extra fee or tax before releasing funds, or evidence the Mauritius licence has been surrendered or cancelled.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
FSC Mauritius Online Public Register
Search 'brightwin' to see the Investment Dealer licence held by BRIGHTWIN S AND F LTD.
New Zealand Financial Service Providers Register
Search 'Brightwin' to see FSP341066, deregistered in October 2018.
FCA Warning List
No entry for BrightWin; the separate 'Bright Finance' warning is a different UK firm.
BrightWin website
The broker's own site and its stated regulatory details.
Frequently asked questions
Quick answers about this broker’s safety.
Is BrightWin a scam?
We did not find proof of a scam. BrightWin holds a genuine but low-tier Mauritius investment dealer licence. However it is a high-risk offshore broker with weak client protection and a lapsed New Zealand registration, so caution is warranted.
Is BrightWin regulated?
Yes, but only lightly. BRIGHTWIN S AND F LTD holds an Investment Dealer licence from the Financial Services Commission of Mauritius, confirmed on the regulator's register since July 2021. Mauritius is a weak offshore regulator with no retail compensation fund.
Is BrightWin regulated in New Zealand by the FMA?
No. Its New Zealand registration (FSP341066) was deregistered in October 2018, and it was only ever a financial-adviser and money-transfer registration, not a forex licence. Any FMA or New Zealand claim should be treated as misleading.
Can I withdraw my money from BrightWin?
We found one unresolved complaint where a client could not withdraw using the same method as the deposit. There is no broad pattern of theft on record, but the thin footprint means withdrawal reliability is unproven. Test small withdrawals early.
Is my money safe with BrightWin?
Your money carries meaningful risk. Offshore Mauritius supervision offers limited protection and there is no compensation scheme, so recovering funds in a dispute would be hard.
Who owns BrightWin?
The operating entity is BRIGHTWIN S AND F LTD, registered in Mauritius, with AAcapital International Limited listed as its management company on the regulator's register. It previously operated as Brightwin Securities and Finance Limited in New Zealand.
How old is BrightWin?
The brand's domains were registered in 2013 and the New Zealand company dates to about 2014, but the current licensed Mauritius entity dates to 2021 and the main website was inactive until around 2024. Claims of 'since 2010' are not supported.
What is the Mauritius FSC licence worth?
It is a real dealing licence but from a low-tier offshore regulator. It confirms the company is authorised to deal, but it provides much weaker consumer protection than a licence from the FCA, ASIC or similar top-tier authorities.
Is BrightWin a clone of another broker?
No. It uses its own company name and its own licence, and it is not impersonating a well-known regulated firm. Note that a differently named firm, Bright Finance (brightfinance.co), is a separate company that carries an FCA warning.
What should I check before depositing with BrightWin?
Confirm the licence directly on the Mauritius FSC register, ignore any New Zealand or FMA claim, read the withdrawal and refund terms, test a small withdrawal, and never pay extra fees or taxes to release your funds.
What do I do if I was scammed by BrightWin?
Gather all records, request a formal withdrawal in writing, and complain to the Financial Services Commission of Mauritius. Be cautious of 'fund recovery' services that appear in search results, as many are themselves scams charging upfront fees.
What we recommend
The practical takeaway from everything above.
Treat this broker with caution and understand what its licence really covers.
- If you deposit, assume the only oversight is a low-tier Mauritius regulator with no compensation scheme, so recovery would be difficult if something goes wrong.
- Do not rely on any New Zealand or FMA claim. That registration was cancelled in 2018 and was never a forex licence.
- Test withdrawals early and keep small, and save all deposit and withdrawal records.
- Verify the licence yourself on the Mauritius FSC register before funding, and be wary of any request for extra payments to release money.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 23, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.