GENERAL INFORMATION
Stanford FX is a company that is only accepting inventors that have been invited to the scheme. You need to use a promotion code. The scheme is definitely using murky means to get victims. If their entity is genuine, they would not be having problems accepting everyone and setting such limitations.
The scheme is allegedly dealing with forex, cryptocurrency, commodities, and indices assets. The country of origin of this scheme remains a big mystery. Without knowing where the venture originates from is a big red flag. No advantage awaits you in this entity, only disappointments.
The minimum deposit that Stanford FX set is also above the standard market. $500 is a lot considering the venture offers a basic trading platform. The assets that the scheme deals with are very volatile. Therefore, you need to acquire the necessary skills to generate returns.
The entity will contact you via cold call or by sending emails. It is a technique that has been in use for a long time. The con artists are compelling, and even without knowing, you can become their victim. Investors need to be extra careful.
The broker is new in the market. They do not have anything to prove the venture is trading. Stanford FX is not the kind of venture that will help you make profits in the market. The venture does not even care to provide legal documentation if you choose to trade with them. That is a blind move.
Traders are unaware of what they are signing up for. It is not a mistake for the entity to lack Terms and Conditions. Such bogus firms inflict hidden charges on investors. You cannot sue them since the venture is operating discreetly. The only thing that can save you from this exposed entity is to avoid them.
Stanford FX is a company that is on the Financial Conduct Authority (FCA) blacklist. The entity has been targeting investors of the UK without meeting the requirements. The venture is a dangerous Ponzi scheme that you should avoid. For an investment entity to operate legally in the united kingdom, it must deposit at least 730K EUR.
The broker will not compensate you once they leave the market. The entity does not have a fund protection policy. They do not report their daily investment activity to a regulatory body. Therefore, the firm may be misusing traders money. It would help if you focused on trading with a legit entity.
ACCOUNT AND LEVERAGE
The venture advertises leverage of 1:500. The spread ranges from 1 pip to 0 pips. Their leverage is above the limit of the FCA. Therefore, this proves that the firm is operating illegally in the United Kingdom.
Stanford FX has three trading accounts, Bronze, Silver, and Gold. The Bronze package provides leverage of 1:300. There is no technical analysis or training in this account. The spread starts from 1 pip, and they also have margin trade.
For Bronze, the minimum deposit is $500, for silver, the entity accepts $1000. The leverage is 1:400, and there is phone trading. The Gold plan is the most expensive with minimum depositof $2500, but it does not provide technical analysis but training. Avoid these trading accounts. The entity is bogus, and it will not generate passive income for investors.
TRADING INSTRUMENTS
This broker is allegedly dealing with forex, cryptocurrency, commodities, and indices assets. Which are also the most popular trading instruments.
TRADING PLATFORM
Stanford FX claims that it has MT4 trading software. However, upon checking it out, we found that it does not belong to them. The scheme is using another brokers platform which validates this is a shady firm.
DEPOSIT AND WITHDRAWAL METHOD
The Broker features several payment methods. Among them are; Payeer, Credit cards, PayBis, Debit cards, Wire Transfers, Bitnovo, and Binance. The least amount acceptable in the firm is $500. It will take 2 to 5 days for Stanford FX to process traders withdrawal requests.
CUSTOMER SERVICE
The entity is allegedly located in London, UK. It shamelessly features a fake address. This is not the exact location of the venture. The only reason Stanford FX avail this data is for transparency purposes. They have several phone numbers displayed on the website.
Offshore entities tend to ignore their customers. Once you give them access to your funds, that is it. The scheme will not pick up your phone, and the email will also go unresponded. Invest with a transparent entity that provides its actual office address. The one that understands the importance of hiring qualified support.
