BR Stone Forex Broker provides real users with 1 positive reviews, 1 neutral reviews and * exposure review!
Business
License
I focus more on gold and some major currency pairs so trading using Barclay Stone was great it has decent spreads and its great to use especially on gold.
Payment methods are too limited, only VISA and Bank Transfer accepted. They said that withdrawals through bank transfer needs up to 7 days. In my opinion, this is too slow. I’d better to find other better brokers.
Summary: The Br Stone brokerage has garnered mixed reviews, with some users praising its educational resources and competitive spreads, while others raise concerns about its unregulated status and withdrawal issues. Key features include a variety of account types and trading platforms, but potential clients should be cautious due to the lack of regulatory oversight.
Note: It's important to highlight that Br Stone operates under different entities in various regions, which may impact user experience and regulatory compliance. This review aims to provide a balanced view based on multiple sources for fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service and Support | 5 |
| Trading Setup/Experience | 6 |
| Trustworthiness | 3 |
| User Experience | 5 |
| Regulatory Compliance | 2 |
How We Rate Brokers: Ratings are based on user feedback, expert opinions, and factual data regarding services provided.
Founded in 2020, Br Stone is a forex and CFD broker that claims to offer a wide range of trading services. The broker provides access to multiple trading platforms, including MetaTrader 5 (MT5), and advertises over 1,000 tradable assets, including forex, stocks, commodities, indices, and cryptocurrencies. However, it is crucial to note that Br Stone lacks regulation from any recognized financial authority, which raises significant concerns about its legitimacy and the safety of client funds.
Br Stone operates without any valid regulatory oversight, with multiple sources indicating it has been blacklisted by financial regulators such as the Polish Financial Supervision Authority (KNF). The lack of regulation is a significant red flag, as it implies that users may not have recourse in cases of fraud or mismanagement of funds. As noted in various reviews, unregulated brokers often face scrutiny for their practices, making it essential for traders to exercise caution when dealing with such entities.
Br Stone accepts deposits and withdrawals via credit/debit cards (Visa, Mastercard) and bank transfers, with a minimum deposit requirement of $250. However, users have reported delays in withdrawal processing, which can take anywhere from two to seven business days, depending on the method used. Additionally, some users have expressed frustration over hidden fees and commissions during withdrawal, which can reach up to 3.5% for card transactions and a fixed fee of $35 for bank transfers.
Br Stone offers several account types, including Basic, Standard, Silver, Gold, Platinum, VIP, and Elite, with minimum deposits ranging from $250 to $25,000. Each account type comes with varying levels of benefits, including trading signals, educational resources, and personalized account management. However, the lack of a demo account option is a notable drawback, as it prevents potential clients from testing the platform before committing real funds.
The spreads offered by Br Stone are competitive, particularly for major currency pairs, with some reports indicating spreads as low as 1.2 pips for the EUR/USD pair. However, the absence of transparency regarding commissions and fees is concerning, as many users have reported unexpected charges that were not clearly communicated upfront.
Br Stone claims to provide access to a wide array of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies. This diversity can be appealing for traders looking to diversify their portfolios. However, the actual execution of trades and the range of available instruments may vary, especially considering the broker's unregulated status.
Customer service at Br Stone has received mixed reviews, with some users praising the availability of support and the responsiveness of account managers. However, others have reported delays in receiving assistance, particularly during peak trading hours. The absence of a transparent customer support structure can be a significant issue for traders who require immediate help.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service and Support | 5 |
| Trading Setup/Experience | 6 |
| Trustworthiness | 3 |
| User Experience | 5 |
| Regulatory Compliance | 2 |
Account Conditions (6/10): Br Stone offers a variety of account types tailored to different trader needs, but the lack of a demo account is a significant drawback. Users can start trading with a minimum deposit of $250, but the tiered structure may lead to confusion regarding benefits.
Tools and Resources (7/10): The broker provides educational materials, including webinars and trading signals, which are beneficial for novice traders. However, the effectiveness of these resources can vary based on user experience.
Customer Service and Support (5/10): While some users have found the support team helpful, others have reported delays and inefficiencies, particularly during high-demand periods.
Trading Setup/Experience (6/10): Users have noted that the trading platform is user-friendly, but the lack of regulatory oversight raises concerns about the safety of trading on this platform.
Trustworthiness (3/10): The absence of regulation and the blacklisting by financial authorities significantly undermine the trustworthiness of Br Stone.
User Experience (5/10): While some users have had positive experiences with the trading platform, the overall sentiment is mixed, particularly regarding withdrawal issues and customer support.
Regulatory Compliance (2/10): With no valid regulatory oversight, Br Stone poses a high risk to traders, making it essential to approach with caution.
In conclusion, while Br Stone offers a variety of trading options and educational resources, potential clients should be wary of its unregulated status and the mixed user experiences reported. As always, thorough research and caution are advised when selecting a brokerage for trading.
FX Broker Capital Trading Markets Review
