STONEBRIDGE Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
Business
License
They told me that they were going to give me back the money I had invested, which was 248 Canadian, and what they stole from my card 1650+970+50 because they told me that I had to complete 3000 so that they could give me back all the money together and what they did was to swindle me out of all the money.
Summary: The Stonebridge review reveals a concerning picture of this brokerage, which has been labeled as a scam by multiple regulatory bodies. Despite claims of competitive trading conditions and a user-friendly platform, the lack of regulation and numerous client complaints raise significant red flags for potential investors.
Note: It is crucial to understand that Stonebridge operates under multiple entities across different regions, which can complicate the regulatory landscape and investor protections. This review aims for fairness and accuracy by considering various sources and perspectives.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 1 |
| User Experience | 3 |
| Overall Experience | 2.5 |
How We Rate Brokers: Our ratings are based on a comprehensive analysis of user feedback, expert opinions, and factual data regarding the broker's offerings.
Stonebridge Ventures, founded in 2023, presents itself as an online trading platform specializing in CFDs and forex trading. The broker claims to provide a user-friendly web-based platform, allowing traders to access a wide range of financial instruments, including forex, cryptocurrencies, stocks, indices, and commodities. However, it is essential to note that Stonebridge is not regulated by any recognized financial authority, which significantly undermines its credibility and trustworthiness.
Regulatory Regions: Stonebridge operates without regulatory oversight, which has led to multiple warnings from financial authorities, including the UKs Financial Conduct Authority (FCA). The FCA has identified Stonebridge as a clone of an authorized firm, effectively marking it as a scam [source: BrokersView].
Deposit/Withdrawal Currencies/Cryptocurrencies: Stonebridge allows deposits through various methods, including credit cards and cryptocurrencies. However, the withdrawal process has been reported to be problematic, with users facing significant delays and issues in accessing their funds.
Minimum Deposit: The minimum deposit required to open an account with Stonebridge is set at $200. This low entry point may attract beginner traders, but it also raises concerns about the broker's overall quality and service level.
Bonuses/Promotions: Stonebridge appears to offer various promotional incentives, but these are often seen as tactics to entice users into depositing more funds without providing genuine value [source: FinanceHandler].
Tradable Asset Classes: Traders can access a variety of assets, including over 200 CFDs across forex, stocks, cryptocurrencies, commodities, and indices. However, the quality of execution and reliability of these offerings has been questioned by users [source: InvestExpertHub].
Costs (Spreads, Fees, Commissions): The spreads offered by Stonebridge are reportedly competitive, starting from 0.2 pips. However, there are numerous hidden fees and charges, including a dormancy fee and withdrawal fees that can add up quickly, leading to dissatisfaction among traders [source: Global Fraud Protection].
Leverage: Stonebridge offers leverage up to 1:400, which can be attractive for experienced traders looking to maximize their potential returns. However, such high leverage also increases the risk of substantial losses, making it unsuitable for inexperienced traders [source: Crypto Frontline].
Allowed Trading Platforms: The trading experience is conducted through a proprietary web-based platform, which has received mixed reviews for its functionality and reliability. Many users have reported technical issues that hinder their trading activities [source: Herald Sheets].
Restricted Regions: Stonebridge does not provide clear information on restricted regions, but its lack of regulation raises concerns for traders in jurisdictions where strict financial oversight is enforced.
Available Customer Service Languages: Customer support is reportedly limited, with many users expressing frustration over the lack of timely responses and assistance. The broker's customer service has been rated poorly, with many complaints regarding withdrawal difficulties and unresponsive support [source: Sitejabber].
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 1 |
| User Experience | 3 |
| Overall Experience | 2.5 |
Account Conditions: The account offerings are limited and lack the variety and benefits typically found in reputable brokers. Users have reported that the higher-tier accounts do not provide sufficient value to justify the high minimum deposits required.
Tools and Resources: While Stonebridge claims to offer various educational resources, many users find these materials lacking in depth and quality. The absence of a demo account further complicates the learning process for new traders.
Customer Service and Support: Feedback indicates that customer support is one of Stonebridge's weakest points. Users have reported long wait times and unhelpful responses, particularly when trying to resolve withdrawal issues.
Trading Setup (Experience): The trading platform, while user-friendly, has been criticized for technical glitches and slow execution speeds, which can significantly affect trading outcomes.
Trustworthiness: The lack of regulation and numerous negative reviews have led to a very low trust rating for Stonebridge. Many users report issues with fund withdrawals and overall dissatisfaction with the service.
User Experience: Overall user experience has been rated poorly, with many traders feeling misled by the broker's promotional claims and facing significant challenges in their trading activities.
In conclusion, the Stonebridge review paints a troubling picture of a brokerage that lacks the necessary regulatory oversight and has received numerous complaints regarding its operations. Potential investors should exercise extreme caution and consider more reputable alternatives before engaging with this broker.
FX Broker Capital Trading Markets Review
