Thestreetp. has been flagged by The Dutch Authority for the Financial Markets for "Fraud and Other Types of Misconduct". The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from Thestreetp.. This company is a suspected boiler room, a form of online investment fraud. Thestreetp. has approached persons without being asked, to offer them investment proposals. A boiler roo... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: https://www.thestreetp.com/.
I lost a significant amount because Thestreetp. did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Fast support response|Fast deposits|Multi-device support|Easy to use platform
Cons: Account statements could be more detailed
Several red flags with Thestreetp.: (1) They promise unrealistically high returns, (2) They're not registered with The Dutch Authority for the Financial Markets, (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.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
The platform itself is okay, but the customer service at Thestreetp. is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Regular updates|Multiple order types|Fast execution|Social trading features
Cons: No live chat on mobile|Desktop app not available on Linux
Thestreetp. 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: Helpful community forum|Customizable dashboard
Cons: No integrated tax optimization
For anyone considering Thestreetp., please be aware that this company has been flagged by The Dutch Authority for the Financial Markets. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
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. Thestreetp. said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Dedicated account manager|Economic calendar|Regular platform improvements
Cons: Search feature is basic|Onboarding videos are outdated
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Thestreetp. is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Cannot withdraw funds|Not regulated|Pressure tactics