Summit Edge Brokers has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". Summit Edge Brokers 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: summitedgebrokers.com.
I am in a dispute with Summit Edge Brokers 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|Real-time alerts|Demo account available
Cons: Help articles are sometimes vague|Slow to add new assets
I joined Summit Edge Brokers through my accountant's suggestion 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: Two-factor authentication|Great customer service|Comprehensive tools
Cons: Wish they had more educational resources|Withdrawal takes 1-2 business days
I referred a friend to Summit Edge Brokers 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: Detailed reporting|Dedicated account manager|Reliable uptime
Cons: Wish they had more educational resources
After for the past year and a half with Summit Edge Brokers I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Two-factor authentication|Regular platform improvements|Instant funding|Responsive team
Cons: Website design could be more modern|No phone support on weekends
Summit Edge Brokers seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Stable platform|Transparent fees|Wide product range
Cons: Slow to add new assets
Tried to withdraw my funds from Summit Edge Brokers 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: Cannot withdraw funds|Not regulated|Pressure tactics
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. Summit Edge Brokers said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Personal attention|Reliable uptime|Easy withdrawals|Risk management tools
Cons: Charting tools need more indicators
Several red flags with Summit Edge Brokers: (1) They promise unrealistically high returns, (2) They're not registered with Autorité des marchés financiers, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Autorité des marchés financiers|Cannot verify credentials
Opened my account with Summit Edge Brokers after my brother mentioned them and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Risk management tools|Comprehensive tools
Cons: Research section could be deeper