StoneX Forex Broker

StoneX Review SummaryFounded1997Registered Country/RegionUnited StatesRegulationNo regulationMarket InstrumentsForex, futures, optionsDemo Account✅Spread/Leverage/Trading PlatformStoneX Futures Trader, iBroker AppMin Deposit/Customer SupportTel: 312-706-7693 (Local/Intl); 800-811-6953 (Toll-Free)Email: GFSupport@StoneX.comAddress: 230 S LaSalle St #10-500, Chicago, IL 60604StoneX Information As a part of StoneX Group Inc (NASDAQ:SNEX), StoneX offers trading services in forex, futures and options. It implements fund segregation to protect customer assets. It offers a free demo account for practicing and 4 live accounts for clients to choose from. Trades are executed on StoneX Futures Trader and the iBroker mobile App. However, there is no active regulatory information displayed on the StoneX platform.Pros and ConsPros Cons Demo accounts availableNo regulationMultiple account typesLimited tradable asset classesLimited info on trading conditionsNo MT4/5Unknown payment methodslnactivity/withdrawal fees chargesIs StoneX Legit? The most important factor in measuring the safety of a brokerage platform is whether it is formally regulated. StoneX is an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Investors should choose StoneX with caution.What Can I Trade on StoneX?Tradable Instruments Supported Forex✔Futures ✔Options✔Commodities❌Indices❌Stocks❌Cryptocurrencies❌Bonds❌ETFs❌Account Type Except for demo accounts for practicing before commiting real money, StoneX offers four different types of live accounts target different client groups, namely Individual and Joint Accounts, Trust Accounts, Corporate Accounts, and Retirement Accounts.Trading Platform StoneX offers two powerful trading platforms, StoneX Futures Trader and IBROKER Mobile.Trading PlatformSupported Available Devices Suitable for StoneX Futures Trader✔Desktop/IBROKER Mobile✔iPhone, iPad, Android, Web/MT4❌/BeginnersMT5❌/Experienced traders StoneX Futures Trader provides advanced features like real-time quotes, customizable charts, and a variety of order types, risk management, automation, and allocation blocks streamline trading. While IBROKER Mobile allows users to trade on the go, offering real-time market data, alerts, and a fully customizable trading interface. The app is downloadable on iPhone, iPad, Android phones and can be accessed through the web.Fees StoneX charges several fees:Telephone order fees: $25/per orderCheck fees: first check request is free, each additional check requested in the same month will be $5; domestic delivery fees is $35 for overnight checkWire fees for deposit: ❌Wire fees for withdrawals: USD 25 for domestic wires, USD 35 for international wiresInactivity fees: $15 per month for inactive accounts for 3 months