The Northern Markets has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". The Northern Markets 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: thenorthernmarkets.com.
If you are reading this considering The Northern Markets - run. I wish I had read more negative reviews after attending a webinar they hosted. I thought the positive ones were real. Maybe some are. My experience over for over three years has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Intuitive for beginners|Competitive fees|Demo account available|Fast execution
Cons: Charting tools need more indicators
KYC with The Northern 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: Customizable dashboard|Copy trading available|Dedicated account manager|Good analytical tools
Cons: Minimum deposit could be lower
After seeing ads for The Northern Markets 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: Unauthorized firm|Found in IOSCO warnings database
The spread at The Northern Markets is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a friend recommended them and initially thought the platform was good - until I started trading seriously.
Pros: Reliable uptime|Multiple order types|Excellent charting|Low minimum deposit
Cons: Onboarding videos are outdated|No phone support on weekends
After using The Northern Markets for the past six months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Portfolio tracking tools|Low minimum deposit|Regular updates|Full transparency
Cons: Limited ETF selection
I joined The Northern Markets through a financial advisor 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 deposits|Easy to use platform|Transparent fees
Cons: Limited ETF selection|Slow to add new assets
I invested $3,500 with The Northern Markets after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Autorité des marchés financiers.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns
The Northern Markets locked my account without warning and demanded documents I had already submitted. for about eight months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Stable platform|Market news feed
Cons: No crypto staking
I invested $10,000 with The Northern Markets after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Autorité des marchés financiers.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I looked into The Northern Markets and found they appear in the regulatory warnings database. Autorité des marchés financiers has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Pros: Information is publicly available for verification
Cons: Appears in regulatory warnings database|Uncertain regulatory status