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Stone Capital Partners Review - is it scam or safe?

Stone Capital Partners review - Is stonecapital.partners scam or good forex broker?

RATING: 1 / 1 REVIEWS Stone Capital Partners
Stone Capital Partners is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Stone Capital Partners is a unregulated, offshore forex and CFD broker offering four account types with a leverage of up to 1:1000. Unfortunately we have some serious doubts about the broker's credibility, so if you are thinking about opening an account with them be sure to read this review first.

 

Account type Min. deposit Max. leverage Spreads
Silver Account $2 500 1:1000 n/a
Gold Account $10 000 1:1000 n/a
Platinum Account $50 000 1:1000 n/a
Diamond Account $100 000 1:1000 n/a

 

Stone Capital Partners Advantages:

 

Leverage as high as 1:1000

 

One can rarely find a broker offering leverage as high as 1:1000 these days, especially since the European Securities and Markets Authority (ESMA) capped the maximum leverage allowed with forex transactions on the European market at 1:30, following similar moves by the authorities in the US, Japan, Canada and South Korea. Still, if you are tempted by the idea of trading with higher leverage, you may always check our list of brokers regulated in Australia – the only major regulatory hub, where leverage is still not restricted:

 

>>Brokers regulated in Australia<<

 

Various payment methods available

 

Stone Capital Partners accepts payments with a number of credit and debit cards - Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo, as well as bank wire and over 20 digital wallets. 

 

Unfortunately Stone Capital Partners does not bother to tell us which are those e-wallets specifically and also they do not seem to accept bitcoins, so here you may check our list of brokers, accepting bitcoins:

 

>>Forex Brokers Accepting Bitcoin<<

 

Stone Capital Partners Disadvantages:

 

No license

 

Stone Capital Partners are owned and operated by BANIA TECHNOLOGIES ONLINE LTD, which is an offshore company, based in Saint Vincent and the Grenadines, and what is worse, they do not have a license to provide financial services on regulated markets like the EU, the USA, Australia, Japan or Canada. 

 

Have in mind that your funds will be secure only with brokers, holding legit licenses by financial authorities such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC). 

 

The reason – only licensed brokers are accountable for the way the handle your money and besides with EU regulated brokers you will even get the protection of client compensation funds – with CySEC brokers your insurance will cover up to 20 000 EUR, while with FCA brokers – up to 50 000 GBP. Your trading balance will be guaranteed for that amount, even if your broker files for bankruptcy.  Here you may check our list of FCA regulated brokers:

 

>>FCA Regulated Forex Brokers<<

 

Ne demo account available

 

Because Stone Capital Partners does not allow us to open a demo account we can not comment on their trading conditions. So basically we are not sure what are their spreads and what trading instruments are available on their platform. Just have in mind that with a standard account spreads are considered attractive below 1,5 pips. Also, here you may always check our list of brokers offering tighter spreads:

 

>> Lowest spread forex brokers<<

 

Excessive minimum deposit requirement

 

Stone Capital Partners asks for a minimum deposit of at least 2500 USD, which is simply unacceptable. Have in mind that most brokers require a minimum deposit of about 250 USD, while some big well known names like FBS and IG do not have a minimum deposit requirement at all.

 

Minimum trade volume requirements linked to trading bonuses

 

Be aware of any trading bonuses that Stone Capital Partners might offer you, because they are linked to special withdraw conditions, among which to reach a minimum trade volume of at least 30 to 50 times the bonus plus your deposit. On top of that Stone Capital Partners reserves the right to change the bonus conditions whenever they want on their sole discretion.

 

And besides Stone Capital Partners charges 25 USD  withdrawal fee.

 

MetaTrader4 not supported

 

MetaTrader4 is the most widely used trading platform on the market, featuring advanced charting tools, user friendly interface, numerous market indicators and even trading bots, with which you may run automated trading sessions. Unfortunately Stone Capital Partners does not support the platform, so here you may check our list of brokers, which do:

 

>>MT4 Brokers<<

 

Conclusion:

 

We can not recommend you trading with Stone Capital Partners as it is yet another unregulated, offshore broker with pretty shady background and ownership. As usual in such cases we will repeat our advise to choose only form brokers, properly regulated by an official financial authority, such as the FCA in the UK, CySEC in Cyprus or ASIC in Australia.

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Traders` reviews for Stone Capital Partners

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I wouldnt give them any stars or any credibility

They took my money. promised to manage and ensure good return. Instead they offered an enormous return on oil.if I put in 50k USD or 250000 usd. It would have yielded big time but I dont think I would ever have seen any money.

The stopped the account until I committed to the oil but released it when I said no.

I have Never heard from them again after I explained it was too bigger leap for us.

They dont respond to emails and have let the account meander into default now After investing the 2500 usd they put it all on gold and never attempted to manage or secure other trades to counter the decline. Reading through Gold was a crap investment anyway at the time and still isnt moving ahead.

Dont know what others have experienced but I strongly believe they are an outfit with no scruples. I dealt with at least five people who rang and badgered about more money. The bank in New Zealand I asked said it was a classic scammers technique.

I doubt if I will ever hear from them again and I doubt the trade was legitimate..They hyped it up took the money and just let us sink.


I wouldnt give them any stars or any credibility.

Cheers

Ian Grayson 04/09/2019
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