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.
I joined Sequoia Capital Markets through a podcast recommendation and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Fast support response|Smooth onboarding
Cons: Limited demo account features
Sequoia Capital Markets advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Clear documentation|Good mobile app
Cons: Slow to add new assets
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Sequoia Capital Markets said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Two-factor authentication|Easy to use platform|Portfolio tracking tools
Cons: Inactivity fee applies after 12 months
Do not believe the bonus offer from Sequoia Capital Markets. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited while looking for alternatives to my previous provider and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Great customer service|Risk management tools
Cons: Limited social trading features
After spending since I opened my account last year trying to make Sequoia Capital Markets work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Professional team|Stable platform|Dedicated account manager
Cons: Account statements could be more detailed|Live chat only during business hours
The mobile app from Sequoia Capital Markets is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Real-time alerts|Demo account available|Transparent fees|Clear documentation
Cons: No phone support on weekends|Wish they had more educational resources
I trusted Sequoia Capital Markets with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Responsive team|Wide product range|Fast support response|Fast deposits
Cons: Limited social trading features|No integrated tax optimization
I opened an account with Sequoia Capital Markets for the past six months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: High security standards|Detailed reporting|Quick verification|Intuitive for beginners
Cons: Limited social trading features|Onboarding videos are outdated
I found Sequoia Capital Markets from a blog post comparing services and the initial impression was positive. But for roughly four months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Social trading features|Two-factor authentication
Cons: Wait times can be long during peak hours
Sequoia Capital Markets offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Good analytical tools|Personal attention|Full transparency
Cons: No dark mode on mobile|Minimum deposit could be lower