Overview of Stone Capital Partners:
The foreign exchange CFDs broker has four separate trading accounts. The major attraction of this broker is it’s provided high leverages up to 1000:1. The Stone Capital Partners is operational out of Saint Vincent and the Grenadines. Apart from its country of origin, we have identified several other issues regarding this brokerage supplier. All the possible advantages and disadvantages will be analysed to provide an unbiased and correct Stone Capital Partners review. Let’s get the things started.
About Stone Capital Partners:
The offered four trading accounts are Silver, Gold, Platinum, and Diamond with the requirement of initial finance of USD 2500, USD 10K, USD 50K, and USD 100K accordingly. As said earlier all the four trading accounts provide leverages of 1000:1 but no information of spreads supplied is available on the official website. To deliver an unbiased and correct review we must talk first about the advantages and disadvantages of it.
Leverage ratio as high as 1000:1 is very generous. The offered leverage can make humongous profits within minutes. However, they are prone to maximum losses in the same time frame. For the betterment of traders European Securities and Markets Authority have reduced leverages to 30:1. Taking note of this many tightly regulated markets have followed the suite and reduced the leverage levels. A wide variety of payment methods have been provided by this broker. It includes bank wire transfer, all major credit cards and over 20 electronic wallets. Sadly, payments via bitcoins are not entertained.
Disadvantages of Stone Capital Partners are given below. Bania Technologies Online LTD based in SVG is the manager of the brand. SVG is the highly unregulated territory and brokers operational out of here are mostly fraud. The broker fails to supply a free of a cost demo account. Therefore it is hard to comment on the spreads available at it. As mentioned previously initial financing required to access four trading account is massive. Many legitimate brokers give access to these accounts at a very minimum price. The broker also offers trading bonuses that are entangled with unacceptable terms and conditions such as the need for the specific trading volume. MT, worlds best trading platform is not supplied by the broker.
Is Stone Capital Partner scam or legit?
The Stone Capital Partners are operational from SVG, a hub of scam brokers. The initial investment is aggressive and trading conditions are unclear. Also, MT is not facilitated. Therefore we call it a scam broker 2020.