Brileniom-D Review: Falling Short of Expectations
Brileniom-D is a relatively new online brokerage claiming to offer a competitive and innovative trading experience. However, a closer examination reveals significant shortcomings, particularly in terms of transparency, trading conditions, and educational resources. In this review, weâll explore why Brileniom-D may not be the best choice for most traders.
Key Information About the Broker
Brileniom-Dâs website promotes impressive statistics, including:
- 35,868 active users
- $789,960,109 in assets under management
- $4,677,725,338 daily trading volume
The broker claims to have been offering its services since 2017. However, upon investigating its domain through a WHOIS lookup, we found that brileniomd.com has only been active since 2018, contradicting its stated history.
What About Legal Documentation?
Brileniom-D fails to provide scanned copies of its registration and license documents for verification. The websiteâs “Licenses” section claims regulation in multiple jurisdictions, including the UK, UAE, Australia, and Cyprus, and displays a single license number purportedly issued by CySEC.
Verifying this claim was straightforward, as the CySEC registry is publicly accessible. The results, as shown in the attached screenshot, suggest otherwise.
Trading Conditions
Brileniom-D advertises convenient trading options and a wide range of assets, including forex pairs, stocks, and cryptocurrencies. The broker boasts instant execution, an intuitive platform, and efficient risk management. However, client reviews reveal a starkly different reality:
- Manipulated platform: Many investors allege that the platform is rigged to ensure losses.
- No demo account: Traders are forced to select one of three account types and deposit funds immediately.
- Account features:
- Minimum deposit starting at $1,000
- Leverage up to 1:100, exceeding the limits set by European regulators by over three times
- Instant order execution (as claimed)
- Additional perks such as zero swaps, insurance, PAMM services, and personal account managers depending on the account type
The broker provides no details about payment methods or associated fees. According to former clientsâ reviews, withdrawing funds from the platform is virtually impossible.
Client Reviews
Client reviews paint a concerning picture. Complaints highlight:
- Inaccessible funds
- Manipulative trading tactics
- A lack of support and communication
- False promises regarding platform features
Summary
Overall, Brileniom-D fails to deliver on the promises highlighted in its marketing efforts. From limited trading tools to an unreliable platform and subpar educational resources, the broker does not provide a trustworthy trading experience.
The lack of regulatory clarity, high fees, and persistent technical issues further compound the risks. Traders are advised to consider more reputable brokers that offer transparency, robust platforms, and genuine support for client education.
I have heard from friends that you can make a lot of money trading currencies and stocks. But I did not dare to try it myself until I came across the broker Brileniom-D. And they made a good impression and I fell for it. Idiot! I transferred thousand dollars to this broker, and it turned out to be fictitious. Almost left me without a livelihood, good thing lawyers helped!