Brisk Markets review 2023: 5 things you should know about briskmarkets.com

Beware! Brisk Markets is an offshore broker! Your investment may be at risk.

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Brisk Markets claims you can trust its services, as it’s offering a transparent and safe trading environment. We can hardly believe that however. These words seem to be full of hot air, just because Brisk Markets is not regulated or authorized by any financial authority and this puts its credibility under serious question. On top of that this offshore firm also provides very risky leverage so it could be quite tricky if you decide to invest here. Also note, that this broker requires some personal documents to be uploaded before you can actually see its trading software, payment methods or anything in general in your profile. For this reason we don’t recommend opening an account here, as you don’t really know what’s the truth behind these bold claims. For more details on Brisk Markets and what to watch out for, keep reading the full review.

Brisk Markets  Regulation and safety of funds

When you take a look at Brisk Markets’ website you probably are going to believe in its credibility – there’s detailed information, as well as some bold claims for “transparency, safety and honesty”. There is no data about this firm’s regulation or license though and that’s the first worrisome fact. The main detail however stays hidden at the bottom of the homepage – there with small letters it is stated that this broker is based in St. Vincent and the Grenadines. Well, an inexperienced trader probably won’t understand the importance of this fact, so here’s what it’s all about. St. Vincent and the Grenadines is widely known as the scam heaven, just because this offshore destination doesn’t regulate or authorize forex brokerage activities in general. That’s why so many firms wish to be located there – this way they are not obligated to follow any rules and are not supervised by any financial authority. You understand how risky it could be to deal with such a broker. The local Financial Services Authority (FSA) states the same by posting an important notice on its website. Take a look:

So at this point it’s crystal clear that Brisk Markets is certainly not licensed and this brings its credibility down to zero.

The silly part is that this broker confidently states how important it is “that you can trust your broker to always keep their promises to manage your funds safely”. But how can you trust a broker without a legit forex license or a jurisdiction that oversees its activities? We definitely don’t recommend taking its words for granted. Instead it’s of utmost importance to find a broker with proven reputation and authorization. For this reason, we don’t think that dealing with Brisk Markets is a good idea, no matter what trading conditions it offers.

Brisk Markets Trading software

Brisk Markets claims to offer the gold-standard MetaTrader 5, which can be downloaded both in desktop or mobile or to be opened through the WebTerminal. Unfortunately we couldn’t see the software itself. After we registered, it turned out that we had to upload several personal documents before actually getting access to our profile, including the platform.

Still, we tried to download MT5 and this broker really seems to offer this software, even though we couldn’t log in. But no matter what platform this firm provides, don’t forget that it’s unregulated and unreliable. Better look for a legitimate broker, who offers MT4 or MT5 anyway.

Brisk Markets Trading instruments

Brisk Markets claims to offer more than 200 trading instruments which include forex, commodities, shares and indices. No cryptocurrencies are mentioned though, so this list seems rather narrow. What’s more, since we couldn’t see the software, we can’t confirm the above statement. Don’t waste your time here – there are a lot of reputable brokers offering a wider range of assets.

Brisk Markets Spreads and cost of trading

Brisk Markets claims to provide three account types – Classic, Premium and Elite. Take a look at some more details about them:

On its homepage Brisk Markets promises tight spreads from 0.2 pips for EURUSD, 0.5 pips for GBPUSD and 0.7 pips for USDJPY. However we couldn’t see its trading platform, so we are not completely sure if this statement is true or not. Apart from that this broker also claims that there are no commissions for its Classic account, but it’s not mentioned the spread which relates to this account. The commissions for the Premium and Elite accounts are said to be 3.5 USD and 2.5 USD respectively. This way you may stumble across high spreads with zero commission or tight spreads with high commission – each way it’s not favorable for you.

Brisk Markets Maximum leverage

The maximum leverage this broker offers is said to be 1:500 for all of its accounts. This amount however is too risky as we have explained already. Don’t risk losing your hard-earned cash by investing with such shady brokers and disadvantageous trading conditions. Still, if you want to try and trade with higher leverage, we suggest choosing some of the offshore subsidiaries of reputable forex brokers.

Brisk Markets Deposit and withdrawal methods

Unfortunately, we couldn’t see this broker’s actual payment methods, as we didn’t gain access to our profile. Still, there is some data on its website, take a look:

Here you can see that Brisk Markets claims to accept Visa, Mastercard, Neteller and Skrill. There’s detailed information about each payment method’s processing time and minimum deposit. The interesting part however happens to be the fact that this broker requires a minimum withdrawal amount – 25 USD for all payment options, which is a red flag for sure. Apart from that, Brisk Markets claims that there are zero funding and withdrawal fees.

Brisk Markets Minimum deposit

The minimum deposit with this broker is said to be 100 USD, which is a standard amount to be honest. Unfortunately this firm is not to be trusted, so trading here is a waste of money. In addition, most legitimate brokers usually offer much lower minimum deposit – around 10 or even 5 USD.

Brisk Markets Withdrawal requirements

As we already pointed out, Brisk Markets claims that there are no withdrawal fees, however we encourage you to take such words with a grain of salt. A lot of the unregulated, scam firms usually require around 20% withdrawal fee. Apart from that, we remind once again, that Brisk Markets has set a minimum withdrawal amount of 25 USD. And even though this sum may not seem quite a lot, note that reputable brokers don’t usually require a minimum withdrawal amount, so this is yet another red light for scam.

We strongly recommend to stay vigilant and not invest even a red cent with unregulated brokers like this one!