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Contract reading

What Great Bright International legally published, but does not want you to read

Every clause below is published by Great Bright International itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Great Bright International Holdings Limited

sole discretionhidden feedeemed acceptancemarketing contradictionforum waiverkyc freezeprofit voidingunregulatedwithdrawalsaccount closure

Great Bright International says the gold market it belongs to is the only one Hong Kong's government recognises. Its own client agreement says this trading is covered by no financial law at all. That agreement is not on a legal page. It sits inside a tab on the account opening form, in Simplified Chinese. If Great Bright decides your trading was abnormal, it takes all your profit plus 10% of what you deposited, then closes the account. You get two days to dispute a statement and 24 hours to refuse arbitration.

Back to Great Bright International

Contract risk

Money at risk
8.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
7
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
18
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
6
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
7

How the 18 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical7
Warning10
Notice1

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

3 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical10%Profit at risk. Jump to the clause this comes from.All profit plus 10% of deposits taken for abnormal tradingCritical2 daysTime to complain. Jump to the clause this comes from.Two days to dispute a statement or it becomes finalCritical20%Account limit. Jump to the clause this comes from.No margin call, and positions closed at 20% of margin$50Fee you were not shown. Jump to the clause this comes from.Deposits called free while every bank charge falls on you

What the documents say

18 clauses worth knowing about, worst first, each quoted from Great Bright International's own files

01

Great Bright's qualifications page tells you the exchange it belongs to is the only spot gold market Hong Kong's government recognises. Its client agreement tells you the opposite: this trading falls outside Hong Kong's Securities and Futures Ordinance and outside every other law.

Why this matters

No regulator stands behind this account. If Great Bright keeps your profit or stops paying you, no financial watchdog will take your complaint. The agreement sends you to private arbitration instead of a court.

Exhibit 1CriticalRarely seen

(d) 在香港，交易并不受《证券及期货条例》（法例第 571 章）或其他任何法规所规管；
Clause 2.1(d) in 客戶開戶協議書、免責聲明、風險披露聲明
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), ASIC (Australia)

Firms licensed by the FCA or ASIC must say who supervises them and must not present trade body membership as regulatory approval. Great Bright's marketing page calls the exchange government recognised, while its agreement says no financial law reaches this trading.

Great Bright International is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingThe contract itself, not an outside critic, is the thing that says no financial law covers the trading. A document set that claims government recognition on one page and disclaims all regulation on another is unusual.

02

If Great Bright decides your trading was abnormal, it deducts all your profit. It then charges 10% of what you deposited as the cost of that finding, closes your account and pays out the rest.

Why this matters

You can finish a profitable month with less than you paid in. The charge applies even when you lost money, so long as the loss stayed under 10% of your deposit.

Exhibit 2CriticalRarely seen10%

★ 審核周期內的交易單是盈利的，我們會扣除所有盈利并會收取注資金額的10%作爲異常交易産生的成本費用，再將余額發放給客戶并會銷戶
Clause 異常交易 in 交易細則
Read from the broker's site on Open the reference

What it costsYou deposit $10,000 and make $2,000. The $2,000 goes, then $1,000 more goes as the 10% charge, so $9,000 comes back.

Our readingVoiding profit from trading a firm calls abusive is common. Charging a percentage of the money you deposited on top of it, and closing the account either way, is a penalty on the deposit rather than a reversal of the trades.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
FlaggedGreat Bright's trading system marks the account, and it freezes trading and money in or out.三. 處理
1 to 2 monthsThe investigation runs for one to two months while the money stays frozen.三. 處理
5 working daysIf it confirms abnormal trading, you must apply to close the account within five working days.三. 處理
Balance returnedGreat Bright returns the balance with every profit from the abnormal trading removed.三. 處理
10% chargeThe trading rules take a further 10% of what you deposited before paying the rest.異常交易
  • Worse together with Exhibit 3The tests that put you in this category are mechanical, so the penalty can land without anyone deciding you did anything wrong.
  • Worse together with Exhibit 4The investigation freezes money in and out, and no clause anywhere sets a deadline for paying you.
03

Nothing in Great Bright's agreement says how long it has to pay you. You agree in advance not to hold the company responsible for failing to meet your withdrawal request in time.

Why this matters

Your money can sit unpaid with no date you can point to. Great Bright can also freeze your withdrawals while it looks into suspected arbitrage, until the matter is, in its words, fully resolved.

Exhibit 4CriticalHarder than usual

客户完全理解本公司及相关银行需要时间去处理有关客户之提款，客户很可能不可以实时收到所提取的金额。客户同意不追究本公司由于未能及时满足自身提款要求所引起的所有责任。
Clause 保证金和存取款 in 客戶開戶協議書、免責聲明、風險披露聲明
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must handle a retail client's withdrawal promptly and must not make payment wait on an open ended internal review. Great Bright's agreement sets no deadline and asks you to waive any claim for delay.

Great Bright International is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

04

The margin you pay in is not kept separate from Great Bright's own money. You authorise the company to pledge it, pledge it again, invest it or lend it, to itself or to anyone else. Your property can be pooled with other clients' property.

Why this matters

If Great Bright runs into trouble, the money you paid in may already be pledged or lent out. No compensation scheme is named anywhere in its documents, so there would be nothing to claim from.

Exhibit 6CriticalRarely seen

客户亦授权本公司以单独或者与其他客户的财产一起的形式，将客户作为保证金或担保物的任何财产以进行抵押、再抵押、投资或出借于本公司自身或其他方。
Clause 抵押协定 in 客戶開戶協議書、免責聲明、風險披露聲明
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC or ASIC must hold retail client money in segregated accounts and cannot lend it to themselves. This agreement asks you to authorise exactly that.

Great Bright International is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingRe-pledging a client's collateral and lending it to the firm itself is a device from institutional lending. In a retail gold account it means your margin funds the company that owes it back to you.

  • Worse together with Exhibit 4Money that can be lent out is also money with no deadline for being paid back to you.
05

Every confirmation and statement Great Bright sends counts as correct, final and binding unless you object in writing within two days. Not receiving it does not stop the clock.

Why this matters

Miss the two days and the trade stands, whatever went wrong. Great Bright treats a message as delivered the moment it is sent, whether you saw it or not. It wants your objection in writing, posted to an office address its contact page does not publish.

Exhibit 7CriticalHarder than usual2 days

订单的确认报告（如日结单、月结单等）和客户的帐户报表将被视作正确、终结性，并对客户具有约束力，除非客户在收到本公司网上交易平台或其他方式送达的报告两日之内立即作出反对，并以书面形式确认。
Clause 报表与确认 in 客戶開戶協議書、免責聲明、風險披露聲明
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client months rather than days to raise a complaint, and must point them to an independent scheme that reviews it. Great Bright gives two days and names no scheme.

Great Bright International is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 8A dispute you keep alive past the two days still cannot reach a court, because the account was signed up to arbitration on the day it opened.
06

Great Bright's agreement says it will not send you a margin call, and that it can close your open contracts without your consent. Its trading rules page says your positions go when net value falls to 20% of the margin requirement.

Why this matters

You may find out your position is gone rather than be asked to top up. It can raise the margin requirement at any time without notice. If the account ends below zero, you owe the difference.

Exhibit 11CriticalHarder than usual20%

偉輝國際控股 不会向客户发出追加要求通知（ “ 追加要求通知 ” ）。 偉輝國際控股 可以未经客户同意将客户的持仓合约关闭或平仓。
Clause 12.1 in 客戶開戶協議書、免責聲明、風險披露聲明
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), ESMA (EU)

Firms licensed by the FCA or under ESMA rules must close a retail client's leveraged position at 50% of the required margin, and must not pursue the client for a balance below zero. Great Bright closes at 20% and asks you for the shortfall.

Great Bright International is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Two days to dispute a statement, 24 hours to refuse arbitration

Two days is all Great Bright International gives you to object to a confirmation or statement, after which it is final and binding. Not receiving it does not stop the clock. You have 24 hours from opening the account to refuse arbitration, and refusing means the company will not open it.

Complaint window1 clause flagged

Opening an account signs you up to arbitration in Hong Kong, in English, before a single arbitrator. You have 24 hours from opening to object in writing, and Great Bright says it will then refuse to open the account or cancel it.

Why this matters

You give up the right to take Great Bright to any court. The choice is arbitration or no account, and the window to say no closes after 24 hours.

Exhibit 8CriticalHarder than usual1 days

客户选择不同意本仲裁协议条款，客户于本公司开立账户 24 小时内以书面形式通知本公司。否则，将视作完全接受本仲裁协议条款。若客户向本公司表示不同意本仲裁协议条款，本公司将会拒绝开立或取消该账户。
Clause 仲裁协议 in 客戶開戶協議書、免責聲明、風險披露聲明
Read from the broker's site on Open the reference

The website and the contract do not describe the same firm

Four statements on Great Bright International's own pages do not survive its own agreement. The qualifications page calls the exchange the only spot gold market Hong Kong's government recognises, while clause 2.1(d) says no financial law covers this trading. The profile page calls funding fee free and the help centre puts the cost of starting at $100.

Claims and contract2 clauses flagged

Great Bright's privacy page promises it will not sell or rent your name and personal data to anyone. The agreement you sign lets it pass your data to recipients in any country, whether or not it is paid for doing so.

Why this matters

Your name, identity number, bank details and trading history can go to debt collectors, credit agencies, telecom firms and social media companies. Opening the account counts as your consent.

Exhibit 14WarningHarder than usual

為了保障客戶的非公開性資料的安全，保護客戶的私隱。偉輝國際不會將客戶的姓名和個人資料銷售或租借予任何人
Quoted in https://gbih.com.hk/privacy-policy/
Read from the broker's site on Open the reference

Great Bright's help centre says you only need enough to trade, and puts that at $100. Its trading rules set the base margin at $2,500 a lot, with the smallest trade at 0.05 lots.

Why this matters

A deposit sized on the help centre answer can leave you unable to open the trade you came for. The rules cancel market and limit orders outright when the margin in the account is short.

Exhibit 16WarningHarder than usual$2500

基本保證金 每手2500美元
Clause 商品交易細則 in 交易細則
Read from the broker's site on Open the reference

What it costsOne lot of local spot gold is 100 ounces. The $0.50 an ounce spread costs $50 and the commission adds $50, so a single lot starts $100 down.

Great Bright can change what it charges you without telling you

Great Bright International can adjust its commissions and charges without notice, and keep rebates it receives from other parties. Its fee list names charges for statements, idle accounts and cancelled orders, with no amount published for any of them. Withdrawals above $50 have the banks' fees taken out of the amount you asked for.

Cost disclosure2 clauses flagged

Great Bright can adjust its commissions and charges without telling you first. It can also take fees, discounts and rebates from other parties for its own use. The same clause lets it keep money that was payable to you.

Why this matters

Your cost of trading is whatever Great Bright decides it is on the day. The contract lists charges for statements, idle accounts and cancelled orders, and publishes no amount for any of them.

Exhibit 5WarningHarder than usual

客户将支付因本公司所提供的服务产生的手续费、代理经纪人佣金和其他特别服务之所有费用（包括但不限于溢价和折价，报表费，闲置帐户费，指令取消费，转账费和其他费用）
Clause 费用 in 客戶開戶協議書、免責聲明、風險披露聲明
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must show a retail client the costs and charges before they trade, and must not keep a payment from a third party for themselves. This contract allows both.

Great Bright International is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Great Bright's company profile says funding your account carries no handling fee. The agreement makes you bear every cost of a deposit or a withdrawal, including bank fees and the exchange rate spread.

Why this matters

Withdraw more than $50 and the banks' charges come out of what you asked for. No page on the site says how much they are. Great Bright converts Hong Kong dollars at a fixed 7.8, in both directions.

Exhibit 15WarningHarder than usual$50

客户有权随时通知本公司提取指定的可用现金结余，客户同意任何汇款及转款过程涉及的费用，包括银行手续费、汇率差价及所有有关费用均由客户承担。
Clause 保证金和存取款 in 客戶開戶協議書、免責聲明、風險披露聲明
Read from the broker's site on Open the reference

Great Bright sets the rules of the account and can change them

Two different tests on Great Bright International's pages decide when your trading counts as abnormal, and the list of tests is expressly not complete. Clause 12.1 says it will not send you a margin call before closing your positions. It can amend any term and give notice by posting it on a website that is not its own.

Broker discretion2 clauses flagged

Great Bright's abnormal trading page flags your account when 40% of your trades close inside five minutes. Its trading rules page flags one at 30% of orders held under three minutes. The policy page also says the four tests it lists are not all of them.

Why this matters

You cannot know in advance which test applies to you. Closing a run of quick trades in a fast market can put you in the category that costs all your profit.

Exhibit 3WarningRarely seen40%

其中40%或以上的交易皆少於5分鐘內完成的。
Clause 二. 定義 in 偉輝關於“異常交易”的立場、定義和處理方法
Read from the broker's site on Open the reference

Our readingThe tests do not ask whether you did anything wrong. They count how fast you closed and how small your profits were, and the page says the four listed tests are not the full list, which the company adjusts from time to time.

Great Bright can amend, cancel or replace any term of your agreement whenever it decides to. Notice of the change is a posting on gold9188.com, a website that is not Great Bright's. The agreement tells you to check it from time to time.

Why this matters

A term you relied on can be replaced without an email to you. The address the contract names is not the site you opened your account on, so a change can appear where you would never look.

Exhibit 17WarningHarder than usual

客户同意本公司可不时酌情决定修订、取消、或更替本协议之任何条款或增补任何新条款，本公司会把这些修改或变更在本公司网站 www. gold9188.com 公布来通知客户。
Clause 协议修改 in 客戶開戶協議書、免責聲明、風險披露聲明
Read from the broker's site on Open the reference
  • Worse together with Exhibit 3The abnormal trading rules are also adjusted from time to time, so the test that costs you your profit can move along with the rest of the terms.

Great Bright can pass your agreement to anyone it likes

Great Bright International can transfer all or part of your agreement to any person without asking you. Hong Kong law governs it and Hong Kong arbitration settles it, which is ordinary for a Hong Kong firm. The Chinese text prevails, while the arbitration runs in English.

Who holds the contract1 clause flagged

Your agreement can be transferred, in whole or in part, to any person without asking you. Great Bright can also pass its duties under it to any third party it thinks suitable.

Why this matters

The company you checked before depositing may not be the company that owes you the money later. Hong Kong law and Hong Kong arbitration still apply, and the Chinese text of the contract is the one that counts.

Exhibit 10WarningHarder than usual

本公司可在未经客户事先同意或批准的情况下，将本协议之全部或部分之权利或义务授予任何人。
Clause 权利转让 in 客戶開戶協議書、免責聲明、風險披露聲明
Read from the broker's site on Open the reference

Great Bright can ask for your tax return at any point

Great Bright International can inspect your account and where your assets came from, check your credit and ask for your latest tax return. The agreement sets no limit on what else it may ask for. Failing to provide it is one of the events that let the company close out your positions.

Document demands1 clause flagged

Great Bright can inspect your account and where your assets came from. It can check your credit and ask for your latest tax return and proof of income.

Why this matters

Documents can be demanded after months of trading, not only at the start. Failing to provide them is listed among the events that let Great Bright close out your positions.

Exhibit 13WarningHarder than usual

viii. 客户必须清楚，本公司有权要求巡查客户的账户和资产来源。
Clause 客户声明与保证 in 客戶開戶協議書、免責聲明、風險披露聲明
Read from the broker's site on Open the reference

Your margin can be lent to the firm that owes it to you

Great Bright International's pledge clause lets it pledge, re-pledge, invest or lend your margin, to itself or to anyone else, pooled with other clients' property. The same agreement says it may be the counterparty in many of your trades. Its dealing room sets the price, and the website quotes are reference prices only.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Whose money1 clause flagged

Great Bright's agreement says it may be the counterparty in many of your trades, and its dealing room staff set the price. The quotes on its website are described as reference prices only.

Why this matters

Your loss can be its gain, and it need not account to you for what it makes trading the same product. You also agree in advance that you may not get the best price.

Exhibit 9WarningHarder than usual

为客户进行交易的公司 偉輝國際控股 有限公司在很多交易中可能是客户交易的对手。
Clause 客户告鉴 in 客戶開戶協議書、免責聲明、風險披露聲明
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Acting as the counterparty is ordinary for a gold dealer, and Great Bright discloses it. Firms licensed by the FCA or CySEC must still take all sufficient steps to get a retail client the best result. This agreement asks you to accept that the best price may not be obtained.

Great Bright International is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

An idle account fee exists with no amount attached

Great Bright International's fee list includes a charge for an idle account. No document on its site says how long an account must sit idle, or how much the charge is. Nothing requires the company to warn you first.

Dormant accounts1 clause flagged

The fee list in Great Bright's agreement includes a charge for an idle account. No document on the site says how long an account must sit idle, or how much the charge is.

Why this matters

A balance you leave alone can shrink by an amount you cannot look up. Nothing in the contract makes Great Bright warn you before it starts.

Exhibit 12WarningHarder than usual

所有这些费用将在发生时，或在本公司根据其绝对酌情权决定下由客户支付。客户同意本公司从其账户中冻结上述费用。
Clause 费用 in 客戶開戶協議書、免責聲明、風險披露聲明
Read from the broker's site on Open the reference
  • Same clause as Exhibit 5The same fee clause also lets the company change any of these charges without notice, so an unnamed fee can also become a bigger one.

A Hong Kong company whose own agreement says no law covers the trading

Great Bright International Holdings Limited is a Hong Kong company, and the agreement gives its address as Room 1006, Wing Fu Building in Central. Clause 2.1(d) says this trading falls outside Hong Kong's Securities and Futures Ordinance and every other law. No document names a compensation scheme or says client money is kept separate.

Counterparty1 clause flagged

Your contract is with Great Bright International Holdings Limited, a company set up under Hong Kong law. The agreement gives its registered address as Room 1006, Wing Fu Building, 22 to 24 Wing Kut Street, Central.

Why this matters

No compensation scheme is named in any document, so there is no fund to claim from if the money is not there. Great Bright's own agreement says no financial law covers this trading.

Exhibit 18NoticeStandard wording

(1) 偉輝國際控股 有限公司（ “ 偉輝國際控股 ” ），注册地址位于香港中环永吉街22-24号永富大厦1006室；
Clause 本协定由下列协定方订立 in 客戶開戶協議書、免責聲明、風險披露聲明
Read from the broker's site on Open the reference
  • Same clause as Exhibit 1The clause that identifies the counterparty sits in the same agreement as the one saying no statute covers the trading.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The page selling the account calls the market government recognised, while the contract says no financial law reaches it.

Said in public, in Chinese

香港黃金交易所是香港唯一政府認可的現貨黃金交易市場 (前身是香港金銀業貿業場)，成立於1910年，距今有一百多年的歷史。

Word for word in English: The Hong Kong Gold Exchange is the only spot gold trading market recognised by the government in Hong Kong (formerly the Hong Kong Chinese Gold and Silver Exchange Society), established in 1910, with more than a hundred years of history.

Qualifications page, under the company's own credentials heading

In the contract · clause 2.1(d)

(d) 在香港，交易并不受《证券及期货条例》（法例第 571 章）或其他任何法规所规管；

02

The policy page sets the trigger at 40% of trades inside five minutes, the trading rules page at 30% inside three.

Said in public, in Chinese

其中40%或以上的交易皆少於5分鐘內完成的。

Word for word in English: Where 40% or more of the trades are completed within less than 5 minutes.

Abnormal trading page, the firm's own definition section

In the contract · clause 異常交易

2、如當中有30%的訂單持倉時間低於3分鐘，或屬於3分鐘內建立的鎖倉訂單，賬戶會被判定為交易異常

03

The trading rules page promises a top up request at 50%, while clause 12.1 says no such notice will be sent.

Said in public, in Chinese

當交易帳號內的淨值低於保證金50%或以下，客戶將被要求追加預付款至基本預付款比例。

Word for word in English: When the net value in the trading account falls to 50% of the margin or below, the client will be asked to top up to the basic prepayment ratio.

Trading rules page, forced liquidation section

In the contract · clause 12.1

偉輝國際控股 不会向客户发出追加要求通知（ “ 追加要求通知 ” ）。 偉輝國際控股 可以未经客户同意将客户的持仓合约关闭或平仓。

04

The profile page calls deposits and withdrawals entirely safe, while the agreement lets the firm lend your margin to itself.

Said in public, in Chinese

用戶中心採用國際級網絡保安SSL加密機制，確保資金存取安全無虞

Word for word in English: The user centre uses international grade SSL network security encryption, ensuring that deposits and withdrawals are entirely safe.

Company profile page, under its secure deposits and withdrawals heading

In the contract · clause 抵押协定

客户亦授权本公司以单独或者与其他客户的财产一起的形式，将客户作为保证金或担保物的任何财产以进行抵押、再抵押、投资或出借于本公司自身或其他方。

05

The profile page says funding carries no handling fee, while the agreement puts every bank fee and the exchange spread on you.

Said in public, in Chinese

24小時靈活注資，不限次數及金額，注資免手續費，進一步降低成本。

Word for word in English: 24 hour flexible funding, with no limit on the number of times or the amount, funding free of handling fees, further reducing costs.

Company profile page, under its secure deposits and withdrawals heading

In the contract · clause 保证金和存取款

客户同意当本公司作出追补资金之要求时，客户须立即并迅速以本公司所要求的存款方式满足所有保证金催促通知的要求，而任何存款过程涉及的费用，包括银行手续费、汇率差价及所有有关费用均由客户承担。

06

The privacy page rules out selling or renting your data, while the agreement allows transfers abroad whether or not the firm is paid.

Said in public, in Chinese

偉輝國際不會將客戶的姓名和個人資料銷售或租借予任何人

Word for word in English: Great Bright International will not sell or rent clients' names and personal data to anyone.

Privacy policy page, closing line

In the contract · clause 私隐政策声明 个人资料的披露及转移

个人资料可能会被处理、保存、披露、使用、转移至位于任何国家或香港以外任何地方且 偉輝國際控股 认为合适的接受方以用作本声明列出的任何用途，不论 偉輝國際控股 会否收取报酬。

07

The help centre puts the money needed to trade at $100, while the trading rules set the margin for one lot at $2,500.

Said in public, in Chinese

開立賬戶沒有最低存款要求，現貨黃金/白銀只需要在買賣時存入足夠資金(100美元)就可以，開立賬戶也不需要收取任何費用。

Word for word in English: There is no minimum deposit to open an account. For spot gold and silver you only need to deposit enough funds (100 US dollars) when you trade, and opening an account carries no fee.

Help centre answer on the minimum deposit and fees

In the contract · clause 商品交易細則

基本保證金 每手2500美元

The documents this reading is based on

6 files, all published by Great Bright International. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Great Bright International publishes.

How this reading was done

Every clause above was read out of a document Great Bright International publishes itself

This reading was published on .

Documents
6 of 6downloaded from the broker's site, and 6 read in full
Pages opened
25pages walked to find those documents, footer links included
Older copies
1earlier versions downloaded
Marketing pages
3public pages set against what the contract says
Languages
ZH-HANS vs ZH-HANTthe language it advertises in, against the language it contracts in

Who the contract is with

Great Bright International Holdings Limited

The agreement names Great Bright International Holdings Limited as the company you contract with, set up under Hong Kong law. It gives the registered address as Room 1006, Wing Fu Building, 22 to 24 Wing Kut Street, Central. The qualifications page claims membership number 95 of the Hong Kong gold exchange, and the company profile calls it a Class B membership, while the agreement itself says no financial law covers this trading. The same profile page credits the 24 hour customer service team to a different company, and the agreement points you at that company's website for changes to your terms.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Great Bright publishes the whole client agreement, the disclaimer and the risk disclosure on its own site, with no login and no file to download. The risk disclosure is unusually direct: it says losses can run past your deposit, and that the firm may be the counterparty to your trades. The trading rules page prints the commission, the spread, the daily interest and the margin for one lot in a plain table, which many brokers never do. The agreement also refuses third party deposits, gives either side seven business days to end it, and reimburses interest or late charges where the company's own error misdirected a payment.

Great Bright publishes no legal page. Everything quoted here comes from four places on its own site: the privacy policy page, the trading rules page, the abnormal trading page, and the account opening page whose tabs hold the client agreement, the disclaimer and the risk disclosure. We read all of them end to end, and the agreement prints itself twice. The deposit and withdrawal rules quoted here come from the help centre answers, because the page the menu offers for the funds process carries no terms at all, only the site header and footer. Only the privacy policy has an earlier copy to compare with, and it is word for word what it said in February 2026. Great Bright's client login area did not open while we were reading, so we could not check whether further terms sit behind it. The agreement exists in Chinese only, and it says the Chinese text prevails.

How to check any of this yourself

Every quote above links to the Great Bright International file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Great Bright International publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Great Bright International on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 30, 2026.

If you represent Great Bright International and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Great Bright International. Whether its licence is real and current is a separate check on the broker profile.

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