If positive reviews are posted on the official website of a brokerage company, it does not necessarily mean that it can be trusted, as such comments can be easily fabricated. Stanford Market provides brokerage services, offering access to CFDs, but does so without any license. Even the stated CEO’s name does not provide full guarantees that traders will not be deceived or defrauded. The platform appears more like a scam rather than a reputable intermediary.
Brief Overview
- š„Official Website: stanfordmarket.com
- āļøContact Address: Saint Vincent and the Grenadines
- šCustomer Support: [email protected], [email protected], +442045870327
- šLicensing and Accreditation: no
- ā³Track Record: 2024
- š§°Specialization: brokerage service
- š¤Terms of Cooperation: $200, 1:400
- š°Additional Services: no
Stanfordmarket.com Examination
The official website is filled with images of luxury and expensive items, such as pictures of expensive cars, skyscrapers, stylish people in suits, penthouses, and oceanfront villas. This is intended to create the impression that trading opens the door to all these riches, which is not actually the case. Stanford Market has created a typical brokerage website with a standard structure: a top panel with main sections, a homepage highlighting benefits and client opportunities, and a bottom section with risk warnings and legal documents presented not as separate files but as scans.
In the company description section, you can find the name of the CEO, but little else that would benefit traders, as other data such as founding date, licenses, and office address are conspicuously absent. Trading conditions are also only partially disclosed. Therefore, Stanford Market has provided only superficial information about itself. This raises the question: what purpose does this abundance of information on the website serve? It appears to be nothing more than meaningless text, designed to fill the website and create the appearance of a serious and reputable broker.
Company Contacts
Users have several options to contact Stanford Market managers. For instance, they can call the hotline number provided or email one of the two specified email addresses. The phone number is listed as British, but there is no visible indication of a UK office address. It’s also worth noting the absence of an online chat option and social media accounts.
Key Conditions
The firm positions itself as a CFD broker, meaning trading here is limited to CFDs, with spot and futures contracts not available. The type of order execution is not specified, but it appears to be a dealing desk model, where client orders are not passed on but handled internally by the platform. This raises concerns as the company may have a vested interest in its clients’ losses, which is a significant drawback for the broker.
Another red flag is the range of account types and their tariff plans. These are structured such that each subsequent account type requires larger minimum investments but supposedly offers more opportunities and favorable conditions. Such an approach is often seen with fraudulent brokers.
Stanford Market offers five types of accounts, starting with a minimum deposit of $200. There is no cent account option available, so trading below $200 is not possible. The leverage ranges from 1:30 to 1:400 depending on the account type, which also violates regulatory requirements, though the broker appears unconcerned as it lacks proper licenses. Commissions are not specified, but the spreads are excessively high, starting from 1%. To reduce spreads significantly, one would need to invest $100,000 or more. Therefore, calling this company advantageous would be inaccurate. And there is an additional service:
- Education materials on cryptocurrencies.
- Market overviews.
- Dedicated personal manager.
- Live events.
- VIP service.
Exposing Stanford Market
Before opening a brokerage account, it’s always crucial to thoroughly vet the firm. It should have a license, disclose all legal information including its founding date, and provide other necessary details. However, this broker has done none of these.
Firstly, Stanford Market has not disclosed its founding date. Despite the footer of their website displaying years from 2011 to 2024, this appears deceptive since the domain stanfordmarket.com was registered on May 31, 2024, very recently. It’s clear now why the broker hides its establishment date, because it’s very short.
Secondly, no office address is provided, although the terms of service mention jurisdiction in St. Vincent and the Grenadines. However, this is merely mentioned and the information seems copied from elsewhere, likely unrelated to Stanford Market. Additionally, attention is drawn to a UK phone number, implying a presence there, but there’s no such broker registered in the UK, neither as a legal entity nor with an FCA license. This strongly suggests the phone number is fake.
Thirdly, there’s no mention of regulatory oversight. This aspect is completely ignored. If the firm truly held licenses, it would prominently display them, as regulated brokers do. The absence of any mention of regulation indicates there isn’t any.
Lastly, the 100% B-Book business model raises conflicts of interest between traders and the platform. Under this model, only one party can profit ā either users or the broker. It’s evident the broker would be the one profiting.
What Reviews Do Users Leave?
Finding reviews about Stanford Market proved challenging, as this name is used by many other organizations, including those unrelated to trading and investments. However, some comments were located. In total, there are only a few dozen, which confirms Stanford Market’s short lifespan. Most of these reviews are positive, which is highly suspicious. The catch is that they are fake. The firm commissions and publishes fake positive testimonials not only on its own site but on other platforms as well. This is how fraudsters advertise their fake organization, since they cannot legally advertise it.
Conclusions
As this Stanford Market review sets out to demonstrate, there are compelling arguments against trading on this platform. It operates illegally without licenses, has a very short operational history, offers no reliability guarantees, and its trading conditions are entirely unsuitable for serious trading. It’s advisable not to risk depositing funds here.
Pros/Cons
- None.
- No license to operate.
- The period of work is several months.
- High spreads, commissions are unknown.
- Few reviews on the Internet. Positive comments are fake.
Can anyone say what makes Stanford Market a good broker? In truth, no one can. It’s either scammers outright lying to your face, and that’s the whole story. This broker is simply a fraudulent project created solely to scam people by offering fake brokerage services.
The fact that this is a fake speaks volumes. Would a reputable and trustworthy intermediary lack legal information, licenses, and other vital aspects of their business? Unlikely. Any serious and reputable broker would certainly disclose their licenses. This is a fake and a scam, remember that.
I haven’t seen anything good here. What unique trading advantages? Why is this firm better than other brokers? What is its advantage? I don’t know if they engage in fraud, but it looks very suspicious. Also, a 1% spread is quite high. They don’t talk about licenses, and there are very few reviews. Perhaps someone is willing to take the risk, but not me.