Brilliabake Review: Brilliabake.com an Ugly Scam

Brilliabake is an offshore company purporting to be operating from a reputable region. You cannot rely on a venture that provides false information to generate passive income for you. Who knows what else the scheme is also hiding? Moreover, the entity claims it is successful but fails to verify its trading results. 

The entity accepts clients from all over the world. There are set rules governing investment schemes. Unfortunately, you will be dealing with an illegitimate venture. They only care about their greedy needs. Their sole intention is to defraud naive traders. 

You will not find expert traders falling to the plot of anonymous individuals. At least get to know the people handling your funds. It is essential to deal with professionals. It is also impossible to sue people you don’t know. Novice traders exploring online opportunities tend to fall victim due to a lack of knowledge. 

Ensure you trade with regulated forex trading ventures. These are brokers protecting their clients from negative account balances. Additionally, you can earn passive income while enjoying the top-notch security of funds.

Brilliabake.com Review

Brilliabake has similar traits to other shady schemes. Nonetheless, they claim to bring new opportunities to the market. We expected they would shed more light on the methodology and strategy being deployed. If it is an innovative technology, the entity has not embraced tech in its trading activities. 

The entity deals with indices, EFTs, shares, energies, and metals. These are volatile products. Their prices keep shifting. You will need excellent trading skills to thrive in the industry. It is illogic to think you will enter the market and start making mind-blowing returns. 

Brilliabake praises its interface that executes trades at lightning speed. Investors can allegedly also customize their charts. They also assure clients of professional guidance. There are allegedly numerous assets you can trade using their platform. It is impossible to diversify as it minimizes your risks. 

The scheme states it is not mandatory to have trading skills. Clients can copy the strategy of expert clients. Our primary concern is that you will be dealing with anonymous people. Therefore, it is impossible to verify they are indeed qualified traders involved. The scammers can mislead you by making you trade on a loss, and you won’t have to blame them for your loss. 

Trading Conditions of Brilliabake

Brilliabake is offering a trading platform that many brokers do not use. Mobius software is a web-based interface compatible with both desktops and phones. It has indicators and customizable charts, but still, it is incomparable to the MetaTrader software. 

Moreover, you should note that when offshore ventures have a trading platform, it does not mean they are trading. Scammers are fond of manipulating the market price. They will therefore offer a primary trading interface to meet their needs. 

Brilliabake leverage ranges from 1:100 to 1:500. It might seem like a profitable opportunity. However, if the market price is not in your favor, you may suffer huge losses. The venture has a spread of 0.5 pips. The tight cap does not mean this is what you shall get. Scammers are not generous, and the scheme may be carrying hidden commissions. Other trading terms are not featured on the website. 

Withdrawal and Deposit

Brilliabake is accepting money via BTC. Legit schemes will have various options like wire transfer, Mastercard, Webmoney, Visa, Skrill, and Neteller, among others. When you hit the deposit button with crypto payment, it is impossible to issue a chargeback. Scammers can remain anonymous.

The venture does not set the minimum amount clients can deposit. Investors will have to contact the entity directly. This is another red flag, and a legit entity must display a minimal acceptable deposit. This will help to avoid any surprises. 

Brilliabake displays its minimum withdrawal amount as $10. There is also a fee of $30/25 for every request. It appears the scheme is offering bonuses. Unfortunately, they do not disclose the actual amount that has to pay.

Regulation Status of Brilliabake

A company collecting money from members of the public ought to have a license. Brilliabake claims are operating from the United Kingdom. However, this turns out to be another lie. The Financial Conduct Authority (FCA) does not have this entity’s name on its database. Therefore, the scheme does not observe the set rules of the financial body. 

The problem with offshore schemes is they tend to do whatever they please without facing charges. The entity is also not transparent. A legit entity must submit the people’s name handling traders’ funds. The watchdog will access whether they are fit to run an organization. It is also easy to trace them down if they break the law. 

Unfortunately, scammers remain anonymous to limit the possibility of being identified. Brilliabake does not report its transactional report to the authority. Therefore, the scheme can manipulate prices. You may think you are winning while you are only losing funds. 

They also do not provide negative account balance protection. Hence, clients can lose more money than what they initially deposited. Financial watchdogs require investment schemes to have working capital. The money is kept safe in separate accounts of traders. It proves the venture can withstand the volatility. Additionally, the brokers handle the withdrawal process swiftly.

Unregulated companies do not process the withdrawal process in time. They are only in business to defraud clients. Your safety should be your main priority. Legit platforms do not change their terms and conditions without notice. They also look after the well-being of their customers. 

Customer Support and Contact Details

Brilliabake is a broker operating behind the shadows. The entity does not reveal its actual location. They would not trust you with such information. If the authority knew where the con artists were operating, they would put them behind closed doors. 

The phone number available has a UK code. This does not mean the scheme originates from the country. Ponzi schemes use fake numbers to appear transparent. They will abandon the numbers after investors open their eyes and start coming after their money. 

Investing with a genuine company gives you peace of mind. You are assured that your issue shall be resolved in time. Watch out and only deal with authentic ventures. Moreover, you should not provide your proof of address and identity to anonymous people. Who knows what they may do with your data. 

Final Verdict

Brilliabake is a nasty investment venture. You should not engage with them. The entity is proudly in the market without having a license. They are only looking after their well-being. The broker fails to provide its contact details. There is also no security of funds. They will eventually exit the market. 

Here is a list of genuine forex trading companies in th market. The schemes are transparent and operate as per the law. They also have ideal trading conditions. The withdrawal process is done in time. No surprises are awaiting you.

Are the trading conditions of Brilliabake favorable?

No, the scheme exposes traders to severe risks.

Does Brilliabake have a license?

Unfortunately, this is an illegal scheme

Can Investor earn the advertised returns?

The only thing you can get from Brilliabake is huge losses.