Stanford Equity is a Forex / Crypto CFD broker that is neither licensed nor regulated. They are a very new company, that only opened in October 2020.
For complaints or problems making a withdrawal, read this.
Stanford Equity Review
Our review of the trading platform offered at broker Stanford Equity shows, that they are using the FronTrader CFD trading app. Investors will find the full spectrum of underlying assets available for CFD trading. They make available trading on; Crypto Currency, Forex, Commodities, Market Indexes, Stocks and Metals. Maximum leverage is as high as 100:1 for Forex pairs, and as low as 2:1 on Crypto Currency pairs.
Stanford Equity also offers you a mobile trading app for Android. Officially they offer a zero spread, but also charge a 3% commission. New trading accounts can be funded with Credit Card, via CoinTandem or MT5Apps. If you are interested in using MT4 trading apps, then you will need to find another broker listed here.
You can see the screenshot of their web-based CFD trading platform below.
Is Stanford Equity a Legit Broker?
No, Stanford Equity is not a licensed or regulated broker.
Stanford-Equity does not disclose their corporate ownership or address. They claim in their Terms and Conditions page, that they follow the laws of Cyprus, but fail to have a license there. The published phone number is: +61721114214. Customer support email address is: [email protected], and the official website is at: https://Stanford-Equity.com/.
The way Scam Broker Investigator reviews a new online broker to see if they are legit or a scam, is by checking for a valid brokerage firm license. On our website you will find reviews of more than 800 brokers and trading apps. We always check the government financial regulators; FSCA South Africa, ASIC Australia and FCA United Kingdom, to see if a firm is licensed.
By investing with a licensed and regulated broker, this ensures you, that your funds are kept in segregated accounts, and are secure in the event that the broker disappears.
Crypto Trading Apps
Many new investors just like you, have seen “money managers” flaunting their wealth on Facebook and Instagram. Now there are traders contacted people via WhatsApp and Tinder.
Before investing with a Crypto or Forex trader, you should know that these people are usually frauds! They are setup as “Introducing Brokers”, and they are looking to profit from your trading volume. Look at the ASIC or FCA regulated brokers, and you’ll see that none of them offer investment advice.
Educate yourself first about how financial markets work, and then explore the “copy trading” features at regulated brokers like AvaTrade.
Compare Licensed Brokers
Day traders like you have many options when it comes to a licensed CFD broker to use. Most people will start their search by comparing the popular brokers.
ForTrade is a popular broker worldwide, primarily because they are licensed & regulated in Australia, see here.
Try a Free Demo Account on their website ForTrade.com.
If you are already trading / investing with Stanford Equity, please share your personal experience, in the comments section below.