Status has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". Status is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: status.com, statustips.com.
I referred a friend to Status after seeing their ad online. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Demo account available|Smooth onboarding|Social trading features
Cons: Spreads widen during volatile periods
What really bothers me about Status is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a podcast recommendation and I fell for the polished exterior. Never again.
Pros: Full transparency|Segregated accounts
Cons: Limited social trading features|Charting tools need more indicators
Status 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: Easy withdrawals|Personal attention|Intuitive for beginners|Good mobile app
Cons: Wait times can be long during peak hours|No crypto staking
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. Status said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Clear documentation|Economic calendar|Reliable uptime
Cons: Desktop app not available on Linux|Charting tools need more indicators
After seeing ads for Status online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Autorité des marchés financiers. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Not registered with regulators|Unrealistic promises
I was contacted by Status through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Lost entire investment|Reported to authorities|Unresponsive
Status changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Segregated accounts|Responsive team|Fast execution
Cons: Some tools only available on higher tiers
The only good thing about Status is that they remind you why regulation matters. I found them from a review site like this one. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Wide product range|Great customer service|Low minimum deposit|Multiple order types
Cons: Inactivity fee applies after 12 months