Brisk Markets Review – Operating Without a Forex License

Brisk Markets claims to be a top-tier Forex/CFD brokerage firm. It operates offshore – registered in Saint Vincent and the Grenadines (SVG) and regulated in Seychelles by the Financial Services Authority (FSA). That’s bad news.

To learn why this platform is highly suspicious, read our full Brisk Markets review. We offer professional fund recovery services to those who’ve fallen victim to cyber fraud.

Broker status:	Offshore Broker
Regulated by:	FSA Seychelles
Operating Status:	Potential Forex Trading Scam
Known Websites:	briskmarkets.com
Blacklisted as a Scam by:	N/A
Owner:	Brisk Markets Limited, Brisk Markets LLC
Headquarters Country:	Seychelles, SVG
Website Active Since:	2022-09-21
Online Trading Platforms:	MT5
Mobile Trading:	Available
Minimum Deposit:	250 USD
Deposit Bonus:	N/A
CFD Trading Option:	Yes, you can trade CFDs
Crypto Asset Trading:	No
Available Trading Instruments:	Forex, Indices, Commodities, Stocks
Maximum Leverage:	1:500
Islamic Account:	Unavailable
Free Demo Account:	Available
Accepts US clients:	Yes
Global Fraud Protection Experts’ Verdict:	Better Find a Regulated Brokerage Firm for Trading

Is Brisk Markets Regulated?

The answer is yes, but there’s a catch – Brisk Markets operates offshore. The firm is registered in SVG and Seychelles and regulated under the latter’s laws. Offshore jurisdictions are known as tax havens with lax laws and loose regulations. SVG, for instance, doesn’t even have Forex laws in force.

Seychelles FSA is not a reputable financial market watchdog, meaning that trusting Brisk Markets carries a significant risk. Your funds are less secure than they would have been under more rigid jurisdictions. Read our Hightechex review to learn why that can be an issue.

For a safe trading experience, we recommend you opt for a transparent company that is appropriately regulated by more reputable financial authorities such as the FCA (UK), BaFin (Germany), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc.

Why Financial Market Regulations Matter

Brokerage firms that apply for a regulatory license under esteemed financial jurisdictions such as the EEA must maintain a significant operating capital of at least 730,000 EUR.

Furthermore, they must provide users with negative balance protection, a segregated account in a top-tier bank, a safe leverage cap (1:30), and a compensation scheme contract worth up to 20,000 EUR.

Trader Reviews – Sharing Experiences

We found several Brisk Markets reviews on forums such as ForexPeaceArmy and WikiFX. The users, albeit scarce, praise the platform for its efficiency. However, a Reddit thread about the firm concisely explains why it’s potentially dangerous.

Our suggestions? Read all the feedback to understand clearly how the business works. Check online forums to determine which providers are honest and which are deceitful. This way, you can see what others have experienced and spot any red flags. Always check regulatory warning lists for imposters like Seikum.

Who Are Brisk Markets’ Users?

According to WHOIS, the briskmarkets.com website domain was created on September 21, 2022. Since then, the broker has mainly been providing services to traders and investors from the following countries:

• UAE
• Cyprus
• Kuwait
• Egypt
• Israel

Brisk Markets seems particularly interested in the Middle Eastern market. The provider likely seeks to attract traders from that region with promises of high leverage – 1:500. In contrast, in EEA countries like Cyprus, retail clients are limited to 1:30 for trading.

Nevertheless, the firm is not authorized to operate in these countries’ markets, as their regulators require special permits.

Which Trading Platform Is Available?

The website promotes the Brisk Markets social trading platform, promising access to various strategies created by experienced traders, portfolio diversity, successful strategy and insights, and expert analysis by pro inventors.

In addition, the actual Brisk Markets platform is MetaTrader 5, an advanced software that caters to beginners and pros alike. It supports sophisticated features such as automated trading, live market reports, API integration, swift order execution, multiple timeframes, etc. Both platforms are available through the Brisk Markets app on Android and iOS mobile devices.

Brisk Markets account types

Account Type	Classic	Premium	Elite
Minimum Deposit	250 USD	2,500 USD	25,000 USD
Maximum Leverage	1:500	1:500	1:500
Spreads	From 1.2 pips	From 0.4 pips	From 0 pips
Commissions	Zero	$3.5 per side	$2.5 per side

Trading Conditions – Leverage, Spreads, Commissions

The maximum leverage cap is 1:500, which is incredibly high. Trading with so much leverage is risky; you may reap huge profits but suffer a financial avalanche. To reiterate, European regulators impose a safe leverage cap 1:30 for non-professional clients.

The account prices seem reasonable. The spreads and commissions are decent and competitive as well. On top of that, there’s a Brisk Markets demo account, which offers trading simulations with virtual funds. If still interested, use the Brisk Markets login page to open a risk-free account and check if the platform is fishy before investing real money.

Deposit and Withdrawal Process

The website lists several payment methods for depositing and withdrawing funds:

• Credit/debit cards
• Bank transfers
• E-wallets
• Crypto

If you have Brisk Markets withdrawal issues and cannot recover your money, consider alternative refund methods. Depending on how you made the deposit, you might need to request a chargeback or recall at your bank.

For MasterCard or Visa credit/debit cards, you can ask your bank for a chargeback within 120 days. For wire transfers, you need to move quickly and contact your bank to recall the transaction before it’s completed. E-wallet refunds require contacting the issuing company and laying out your case.

Recovering cryptocurrency is challenging and requires specialized software and expert help. Fusion Forensics Limited, an advanced program that MasterCard uses to help victims of cyber fraud recover their assets, can help. We’re here to help you with each step.

What Should I Do If I Have Issues With Brisk Markets?

Brisk Markets is an offshore trading brand operating from SVG and Seychelles—the business targets mainly Middle Eastern traders and investors. The platform comes with high leverage, tight spreads, and low commissions. However, we cannot neglect its questionable regulatory status.

The verdict? We do not recommend paying for these services because the firm is not operating under proper regulations. Our analysis stressed the importance of rules and the benefits of trading on platforms supervised by recognized financial market watchdogs.

If you have issues with Brisk Markets, please book a free consultation with Fusion Forensics Limited. Our team of experts can assist you in the fund recovery process and get your money back as soon as possible.

Book your free consultation today and get your money back.