Sequoia Capital Markets has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Sequoia Capital Markets found at www.sequoiacm.net and/or www.sequoiacm.com is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Sequoia Capital Markets has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Market news feed|Helpful community forum|Dividend tracking|Fast support response
Cons: Onboarding videos are outdated|Alert system is basic
If you are reading this considering Sequoia Capital Markets - run. I wish I had read more negative reviews when my bank disappointed me and I searched for alternatives. I thought the positive ones were real. Maybe some are. My experience over for a few weeks now has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Reliable uptime|Good mobile app|Instant funding
Cons: Nothing significant
I had high hopes for Sequoia Capital Markets after a trusted YouTuber reviewed them, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Risk management tools|Stable platform|API access|Fast execution
Cons: None so far|Wait times can be long during peak hours
The spread at Sequoia Capital Markets is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them while looking for alternatives to my previous provider and initially thought the platform was good - until I started trading seriously.
Pros: Real-time alerts|Good analytical tools|Good mobile app|Customizable dashboard
Cons: Account statements could be more detailed
I am in a dispute with Sequoia Capital Markets over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Intuitive for beginners|Full transparency
Cons: Would like more payment methods
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Sequoia Capital Markets has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
I closed a profitable position at Sequoia Capital Markets and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Real-time alerts|Instant funding|Multiple order types
Cons: Withdrawal takes 1-2 business days|Slow to add new assets
I gave Sequoia Capital Markets a fair chance. After for about three months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Portfolio tracking tools|Full transparency
Cons: Website design could be more modern
Tried to withdraw my funds from Sequoia Capital Markets and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
After for over three years with Sequoia Capital Markets, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Detailed reporting|High security standards
Cons: Desktop app not available on Linux