Advanced tools, low spreads, competitive pricing, and robust security measures — it seems like these are serious advantages for a brokerage company. However, these are just words. In reality, a firm must obtain licenses and provide additional guarantees for traders to seriously consider such claims and promises. Welcome to the Stanford Market review, where the company boldly promises these benefits but at the same time shows many signs of fraud.
Key Features
- Company Name: Stanford Market
- Website: https://stanfordmarket.com/
- Available Contacts: [email protected], [email protected], +442045870327
- Foundation: 2024
- Services: CFD Trading
- License: no
- Initial Deposit: $250
From Sign-Up to Payout
Let’s begin the Stanford Market review by examining the official website. Overall, it’s decently designed, but there are some drawbacks. For instance, the lack of important information. The broker reveals very little about itself, forcing users to search for information elsewhere. Additionally, the website has a somewhat generic look, and it’s available only in English. Many illegal brokerage firms are using this exact template. Is this time an exception or not?
The site, stanfordmarket.com, doesn’t leave much of an impression. The company makes several attempts to present itself as a reputable and profitable broker, which comes off as quite ridiculous. So, let’s move straight to the registration process to check out the personal cabinet interface.
The registration process is quick. The client only needs to provide a name, contact information, and password. However, you won’t get any further. After submitting your application, the system politely informs you: “We have received your request, see you soon!” What does this mean? Has the account been created or not? Are managers supposed to call you?
As experience shows, companies with such an approach often turn out to be fraudulent. The broker doesn’t allow free registration and clearly has some ulterior motives. Perhaps there’s a unique scam scheme in play here. Only the scammers and their victims know for sure. However, the fact remains that this is most commonly seen with scam brokers.
Stanford Market explained how they accept money from clients:
- Wire transfer.
- Credit/debit cards.
- Electronic wallets.
- Crypto.
Nothing is mentioned about commissions, though it is known that deposits are free. However, the processing of withdrawal requests takes a very long time — up to 2-5 business days.
Stanford Market also requires verification. It’s a standard process, needing proof of identity and residence. It’s recommended not to send any documents until you’ve fully checked the firm. You should ensure that the company operates legally and securely handles clients’ personal data.
Our Trading Experience With Stanford Market
We were unable to create an account. However, it’s still possible to view the platform with your own eyes, as it’s accessible even if you don’t have a personal cabinet. Although the company promotes its terminal as the best software in the world, it’s not something to take at face value. In the “FAQ” section, it states that in addition to WebTrader, there are versions for both computers and smartphones. However, there are no links provided. Perhaps they’re available only to registered users.
The functionality of the Stanford Market platform is minimal. It’s worse than popular platforms like those developed by MetaQuotes. You won’t be able to connect advisors for automated trading. Traders also can’t create their own indicators and integrate them into the terminal. You’re limited to what’s available within the platform.
Only basic tools for technical and chart analysis are available, along with a few types of charts and different timeframes. Oh, and you can place not only market orders but also limit orders. In short, minimal features and maximum inconvenience.
The Reality Check
Right away, it’s worth noting in this Stanford Market review the absence of key information about the broker: regulation, operational history, offices, and business model. However, the CEO is known — someone named James Thompson. It’s unclear who this person is or what makes him notable. There are no links to his social media profiles, which suggests he could be a fictional figure.
Some details have been uncovered and understood. For example, the phone number, starting with +44, indicates a UK-based registration. Additionally, attentive users might have noticed a mention of the offshore jurisdiction of Saint Vincent and the Grenadines in the user agreement. So, let’s quickly check the registries of these countries. Perhaps the company is registered there.
As it turns out, the company is not registered in either the UK or Saint Vincent and the Grenadines. So, where is the firm registered at all? Apparently, nowhere.
Checking for regulation is pointless. First, the company doesn’t mention licenses at all. Second, we’ve already confirmed that the organization isn’t registered anywhere. Without that, it simply can’t obtain a license in any jurisdiction.
How Long Has Stanford Market Been in the Game?
What about the operational history? The only clue is in the footer, which mentions the year 2011. However, this is just a year that has no connection to the actual existence of the platform.
If you don’t know when the company was founded, you can verify this by checking the domain registration date and the date of the first reviews. Their domain, stanfordmarket.com, was registered in 2024, not 2011. The first reviews, of which there are very few, also appeared in 2024. So, the platform has been in operation for a very short time. Naturally, such a short period is insufficient to build a reputation as a trustworthy broker.
Extra Fraud Indicators
There are already enough signs of fraud, particularly the lack of a license and a legal address. However, other negative factors reinforce the belief that this broker was created as a scam.
First, let’s highlight the business model. At Stanford Market, it’s a 100% B-Book. In simple terms, this business model means that the client is trading against the company. It’s a dealing desk setup, which has no interest in allowing traders to successfully make profits. In that case, the broker would lose money, creating a clear conflict of interest.
The second point is the high spreads. According to the tariff descriptions, the spreads start at 1%. That’s quite a lot. The broker will essentially be draining money from traders. As for commissions, they are not disclosed at all.
The final point is leverage. Any broker under the control of a serious government regulator cannot offer leverage higher than 1:30. However, Stanford Market offers leverage as high as 1:400. Of course, the company doesn’t have a license, which is why it can afford such a luxury.
Is Stanford Market the Right Fit?
This is definitely yet another fraudulent broker that cannot be trusted. All the typical signs of a scam are evident. Moreover, the company can’t provide any guarantees, and it doesn’t have any positive aspects. It’s better not to risk your money because it’s simply not worth it. Find a firm with licenses and a long operational history, rather than a pseudo-broker without a legal address and with terrible conditions.
If you want to guarantee losing your money, go ahead and trade with Stanford Market. I trusted the scammers and handed them $5.5K. I made a big mistake. They easily convinced me to deposit $2K at first, and then another $3.5K. Now they’re ignoring me, and I can’t get my money back. I’m telling you, this is a fraudulent company created by anonymous scammers, and not just one, but several. I advise you to stay far away. Forget about the existence of this site, stanfordmarket.com.