Brisk Liquidity Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this Brisk Liquidity Review.
Brisk Liquidity Review
Brisk Liquidity offers two basic account types, but the information provided on its trading conditions is rather limited and controversial. As we get it, the Standard account is commission-free, while the Active Trader involves some commission.
In addition, the broker offers Islamic (swap-free) accounts, as well as MAM and PAMM services.
Brisk Liquidity Advanatges:
MT4 available
We always consider the availability of this platform as an advantage, as it is the most popular in the forex industry and most traders prefer it. The MT4 is easy to use and perfectly equipped trading terminal, providing some of the best charting packages, wide range of automated strategies (Expert Advisors) and technical analysis indicators, customization options, etc.
Many payment methods supported
Clients of Brisk Liquidity are able to use Bank Wire, Credit/Debit cards, Skrill, Local Bank Deposit, Neteller, Bpay, Union Pay and more as payment methods.
Related to Pepperstone?
Pepperstone is one of the most prominent Australian forex brokers and by going through Brisk Liquidity`s website, we get the impression that the two are related in some way. Nonetheless, we are not sure, as it is not explicitly stated that Brisk Liquidity is an introducing broker of Pepperstone or something of the kind. If this were true, this adds a layer of credibility to Brisk Liquidity.
Brisk Liquidity disadvantages:
Not regulated
Brisk Liquidity is operated by Brisk Liquidity Limited, a company registered in New Zealand, which, however is not regulated. It is part of the Brisk Group.
Although the broker claims to be regulated in Australia, our check on the website of the Australian Securities and Investment Commission returned no results. If Brisk Liquidity is an introducing broker of Pepperstone, it probably operates on the basis of the license of the latter. This, however, remains unclear.
Unclear and controversial info on trading conditions
Unlike most credible brokers, Brisk Liquidity does not specify in a clear manner important details regarding its offering. One section of its website says that the broker requires at least $50 as a start, and in another – $200 AUD. Similar is the situation with the maximum leverage levels provided. Such lack of transparency in terms of a broker’s pricing policy makes us suspicious.
Unrealistic Spreads on demo MT4
The spreads offered by Brisk Liquidity seem really good both on its website and on its demo MT4 platform- 0.3 pips on EUR/USD and no commission. However, if the same spreads are offered to live account holders, there is no way for this broker to be profitable. So, the demo trading conditions are probably very different from live ones, in order to appear attractive to potential clients.
Most forex brokers, including Pepperstone, offer spreads on EUR/USD within the range of 1.0 – 1.5 pips.
Brisk Liquidity claims to offer tight spreads, ECN execution, Negative balance protection and a lot of other perks. We don’t really believe this, unless Brisk Liquidity is an introducing broker of Pepperstone. However, it claims to offer Pepperstone’s MT4, but when we downloaded it, it turned out it is a solution owned by Brisk Liquidity Limited.
As we have mentioned above, this company is part of the Brisk Group and is not licensed by any financial authority. Instead, it is simply registered in New Zealand.
So, the situation with this broker is rather confusing, so we would advise you to select among well-known brokers with clear trading conditions and solid regulation. If you are based in New Zealand and Australia and would rather invest with a broker with local presence and license, it is bes for you to choose among companies regulated by the Australian Securities and Investment Commission.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
Brisk Liquidity Review Conclusion
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