Brainstorm Market Review - Is It Safe or Scam? - WikiFX

Brainstorm Market was founded in 2024 and is registered in Saint Lucia but remains unregulated. It offers around 250 trading instruments on the advanced MT5 platform. The broker provides flexible leverage from 1:100 to 1:1000. There's no commission, and it starts with a spread as low as 0 pips, yet lacks details on funding methods and minimum deposits.

Pros and Cons

Is Brainstorm Market Legit?

Brainstorm Market is not regulated. Besides, it was registered on September 12, 2024. As of now, its status is “client transfer prohibited”.

What Can I Trade on Brainstorm Market?

Brainstorm Market offers around 250 instruments such as FX, CFDs, cryptos, and commodities tradings. There's no ETFs trading or bonds trading. But overall, you still have a good mix of investment options.

Account Type

Brainstorm Market offers two kind of accounts :the FX Standard account and the Raw Spread account on their MT5 trading platform. However, there is no information related to their minimum deposit requirements.

Leverage

Brainstorm Market offers leverage from 1:100 to 1:1,000. This flexible leverage allows traders to adjust their trading strategies. However, high leverage such as 1:1,000 can lead to substantial gains, but it also comes with extremely high risks

Brainstorm Market Fees

Brainstorm Market begins as low as a spread of 0 pips. Besides, it claims that it does no charge commission for their traders.

Trading Platform

Brainstorm Market supports MT5 trading platform. MT5 is a well - known online platform, it's the latest iteration of the MetaTrader platform. It stands out for its innovative features and high-end functionality.