Stanford Markets has been flagged by British Columbia Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My withdrawal from Stanford Markets was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for a few weeks now of being strung along.
Pros: Professional team|Responsive team|Easy withdrawals|Fast execution
Cons: No phone support on weekends
I have been trying to close my account with Stanford Markets for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Social trading features|Reliable uptime|Stable platform|Responsive team
Cons: Limited ETF selection
KYC with Stanford Markets is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Detailed reporting|Low minimum deposit|Fast deposits
Cons: Help articles are sometimes vague|Mobile app could be improved