Stanford Financial Review: Stanford-financial.com a Shady Broker

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Stanford Financial Review
  • Fund Safety
  • Customer Service
  • Withdrawal of Funds
0.5

Summary

Stanford Financial promises advanced trading tools, exceptional customer service, robust security measures and low spreads. Notably however, these details are vague. The broker has not specified how they will offer the exceptional services and hence it’s hard to evaluate their quality of service. 

Stanford Financial promises you the chance to trade the world markets. You may be tempted to think this is a genuine broker but it is not. There are numerous honest and trustworthy crypto brokers today but this is not among them. In recent years, the number of online scammers in the forex trading industry has risen. It therefore behooves all stakeholders to take the necessary protective measures.        Stanford Financial Review: Stanford-financial.com Scam

To avoid forex scammers, it is essential to conduct thorough research before investing in any trading program. Avoid firms that promise unrealistic returns or use high-pressure tactics to persuade you to invest. Additionally, be wary of any unsolicited offers or communications you receive related to forex trading.

About

The broker promises advanced trading tools, exceptional customer service, robust security measures and low spreads. Notably however, these details are vague. The broker has not specified how they will offer the exceptional services and hence it’s hard to evaluate their quality of service. 

There are five account types. However, we noted that they haven’t indicated the parameters such as spread and commission charges. Without these, it’s hard to establish the reliability of this broker. We also noted that the firm has a referral program where you earn a 10% commission on every cash deposit your referred friend makes. This was a red flag.  

Founders and Team

Transparency is the cornerstone upon which trust is built between traders and brokers. One crucial aspect of transparency is the disclosure of a broker’s company founders and current team. When a broker like Stanford Financial fails to reveal this information, it raises serious red flags.

Transparency in the forex industry goes beyond simply providing information about a broker’s operations. It extends to the people behind the company – the founders and team members who shape its values, policies, and practices. Revealing them demonstrates a commitment to accountability and integrity. 

Stanford Financial Contact Details

You can reach this broker via email or phone number. However, we did not get a physical address. This was a red flag. Email and phone number are often insufficient in providing traders with quick and reliable means of communication. They’re inefficient for urgent matters. Including alternative contact details, such as instant messaging apps or live chat services, allows traders to reach brokers quickly and receive timely responses to their inquiries or concerns.

Providing multiple contact options demonstrates a broker’s commitment to customer service. Traders can choose the method that is most convenient for them, ensuring a seamless and personalized support experience. Including additional contact details can also enhance the security of trading accounts. Traders can use alternative contact methods to verify the legitimacy of communications from brokers.

Regulation

Judging by the phone number they have provided, the broker is based in the United Kingdom. One of the most critical factors for traders to consider is the broker’s regulatory environment. Among the most respected and stringent regulatory bodies in the world is the Financial Conduct Authority (FCA) in the UK.

This independent financial oversight body is responsible for regulating forex brokers. It ensures they operate in a fairly and transparently. Their regulatory framework is designed to promote market integrity, protect consumers, and maintain the stability of the financial system. FCA-regulated brokers are required to segregate client funds.

Although the FCA offers these benefits not all brokers apply for registration. This is because they don’t want to be scrutinized. When we searched the FCA’s online registry, we didn’t find the name Stanford Financial.           

Stanford Financial Trading Conditions

The lowest minimum deposit is $200 for the Basic account. The leverage can go up to 1:400. Under the FCA regulations, this would be above the required 1:30. Thus, this broker cannot be under the FCA’s regulation.    

Final Verdict

Stanford Financial is not a regulated broker and hence you should not trust them. Beware of scam brokers who offer welcome bonuses and have referral programs. Their goal is to make money and disappear soon. Instead, trade with the many honest and transparent crypto brokers who are focused on integrity and customer service.       

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