Stone Lion Forex Broker keeps up-to-date with the latest trading account information, including STANDARD, PRO maximum leverage of 400:1, trading varieties, and more
Rating Index
Pros
Some users may find certain trading features appealing, such as the availability of multiple trading instruments and platforms.
The broker may offer competitive leverage options for experienced traders looking to maximize their trading potential.
Some traders might appreciate the educational resources provided for beginners to help them understand the trading process.
Cons
The Monetary Authority of Singapore (MAS) has issued warnings regarding Stone Lion, indicating potential licensing issues and lack of transparency.
Numerous customer complaints highlight problems with withdrawals, suggesting difficulties in accessing funds after trading.
There are reports of misleading statements and practices that could indicate a lack of integrity in their operations, raising concerns about their legitimacy as a broker.
Stone Lion broker Accounts
STANDARD
PRO
Stone Lion Account Type
Stone Lion offers various types of brokerage accounts, including self-directed accounts that allow traders to engage in a wide range of trading activities. However, it is essential to note that Stone Lion has been flagged by the Monetary Authority of Singapore (MAS) for potential fraud, which raises concerns about the legitimacy of their account offerings. Therefore, it is advisable to seek regulated brokers with a good reputation instead.
Stone Lion Broker Account Opening Process
Although specific details about the account opening process for Stone Lion are limited due to warnings regarding the broker, a typical procedure for opening a brokerage account generally includes the following steps:
Select a Broker: Ensure that you choose a reputable broker. Given the warnings against Stone Lion, this step is crucial.
Apply Online: Complete the online application form, which usually requires personal and financial information, including trading experience and income details.
Compliance Review: The broker's compliance team will review your application. Additional documentation may be requested.
Approval/Denial: Your application will be either approved or denied, typically within a few business days.
Fund Your Account: Once approved, you will need to deposit funds into your account to start trading. Common methods include bank transfers and checks.
It is critical to exercise caution and conduct thorough research before opening an account with any broker, especially those flagged for potential scams.
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