If you’re wondering whether or not you can trust Stonley Trading broker, you’re at the right place. We’ll check this allegedly fully automated trading system for you and tell you exactly what to expect.
Stay with us until the end of this Stonley Trading review, and you will better understand all facts. And if you lost your funds, keep reading to learn how to recover them.
| Regulated by: | No regulation |
| Is This Company Safe? | Due to a lack of a license, the company is not safe |
| Known Websites: | stonleytrading.com |
| Have Warnings from: | N/A |
| Registered in: | UK (allegedly) |
| Operating since: | 2024 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | 1:800 |
| Minimum Deposit: | 5,000 EUR |
| Deposit Bonus: | 30-100% |
| Trading Assets: | Forex, indices, shares, cryptocurrencies, bonds |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Since this company is unlikely to return your money – contact your bank, or financial regulator, or simply contact us for professional assistance in recovering your funds. |
Is Stonley Trading Legit or Another Automated Trading Scam?
This is the first question we need to ask ourselves. Is the broker legit or not? To find out, we only need to check one thing. Whether or not this trading firm has a license for its services.
If we were to trust the main website page, the company is owned by Stonley Trading Ltd located in London, UK. Therefore, they need to have an FCA license to conduct the business. As you can guess, we found no company with this name after checking the said register.
As a matter of fact, we found no such company in any register worldwide, from the US CFTC to Australian ASIC. Therefore, we can only conclude that this is yet another online hoax extorting money from inexperienced investors.
Who Are the Victims of Stonley Trading Scam?
Now that we’ve concluded this broker is nothing but a fraud, let’s see where it operates. According to WHOIS database, the domain stonleytrading.com was registered on the 26th of April 2024. Client information is hidden, so we cannot dig deeper to see behind the scenes.
Anyways, we’ve checked some of Stonley Trading’s reviews by users to build a better picture. Namely, the German Trustpilot page contains 34 comments at the time of writing, with an average score of 3.4 stars. While there are plenty of positive comments, you’ll notice they’re short and vague. Meanwhile, the negative ones are detailed and describe the exact user experience.
Besides Germany, our analytical tools show that the broker operates in:
- Switzerland,
- Austria,
- Ukraine.
Regardless of where you come from, if you need assistance recovering your funds from this brokerage firm, don’t hesitate to contact us.
Trading Terms, Fees, and Costs
When it comes to Stonley Trading spreads, we can say they’re pretty hefty. Depending on the account type choice, spreads can range between 0.0 and 4.3 pips. However, for the lowest ones, you’ll need to invest at least 500,000 EUR. Quite a deal, right?
Another proof that this company cannot be regulated in Europe, the UK, or anywhere else is its leverage. While the EEA zone authorities, along with the UK FCA, imposed a leverage limit of 1:30 for retail clients, this broker offers anywhere from 1:25 to 1:800. As an inexperienced trader, you can lose everything you have invested in a blink.
Finally, other fees and costs are not specified, and the brokerage doesn’t mention them in their Terms and Conditions. Therefore, you can expect some hefty prices there.
Stonley Trading Bonuses
Starting with the Gold account, you can get bonuses ranging from 30% to 100%. While this may feel like a good deal, it’s actually not. Unregulated brokers often add various bonus clauses to their legal documents, preventing clients from withdrawing funds. We can only advise you to be cautious when accepting any incentives.
Account Types Choice
Let’s discuss the infamous Stonley Trading account type choice. According to their web page, you can choose from the following:
- Basic – 5,000 EUR
- Bronze – 10,000 EUR
- Silver – 25,000 EUR
- Gold – 75,000 EUR
- Platinum – 150,000 EUR
- Diamond – 300,000 EUR
- VIP – 500,000 EUR
While it may seem as if the minimum deposit stands at 5,000 EUR, that’s often not the case. Many brokers, such as QWEBank.com, will accept anything from 250 EUR onwards. After you’re already hooked, they will sell you account upgrades and various benefits such as bonuses, quicker withdrawals, direct contact with your account manager, educational courses, and so on. As you already know, you’ll get virtually nothing.
Demo Account
Allegedly, there’s Stonley Trading demo account where you can test the platform, EAs, robots, and strategies. However, once we signed up, we got no access to it. While there’s a possibility that you need to ask the company to open it for you, we believe this is just another trick to get your registration details.
Trading Platform
The reason we suspect there’s no demo account is the platform choice. Instead of offering MT4, MT5, cTrader, or any other third-party software, this brokerage opted for a WebTrader. It’s the one easiest to manipulate since broker agents can change the data you see on your screen.
Fraudulent firms often use web-based solutions to manipulate their users into thinking they’re making huge profits or are in deep losses, thus controlling your emotions and impacting your decisions.
Additionally, the firm claims its system is fully automated, with a wide range of robots and EAs, including an Equinix NY4 server, yet they don’t offer a mobile app. Says a lot about their tech abilities.
Trading Assets
If you’re still keen on testing this firm, you can trade in the following markets:
- Forex – EUR/USD, GBP/AUD, CAD/NOK
- Shares – Amazon, Meta, Google
- Indices – S&P500, NASDAQ
- Cryptocurrencies – BTC, ETH, XRP
- Bonds
The company also mentioned merchandise, however, we’re not sure what falls under this category. Seems that whoever made their website didn’t quite understand the topic.
Stonley Trading Withdrawal Policy
As we already mentioned, this firm has no clear withdrawal policy. They claim that withdrawals are fast, yet don’t specify how fast. In addition, we know nothing about the deposit and withdrawal methods they accept.
All in all, payout issues are expected. If you cannot get money out of your Stonley Trading account, don’t hesitate to get in touch.
Key Information to Consider About Stonley Trading
To summarize, Stonley Trading is an online trading brokerage allegedly based in the UK. The company has no authorization from the local or any other authority to provide financial services.
Since there’s no clear withdrawal policy and other legal documents don’t elaborate on the matter, issues are unavoidable. If you experience any, let us know. Our mission is to create a detailed file of all online scammers, warn the public, and help you on your way to financial recovery. We’ll evaluate your case during a free consultation and consider what can be done in your particular case. Sign up today, and let’s start working!
FAQ Section
What is Stonley Trading?
Stonley Trading is an unregulated online trading brokerage allegedly based in the UK.
Is Stonley Trading Legit?
Stonley Trading is not a legitimate trading firm. It has no authorization by the UK FCA or any other financial authority.
Who Owns Stonley Trading?
Stonley Trading is allegedly owned by Stonley Trading Ltd. However, a firm with such a name cannot be found in any business register.
What is Stonley Trading?
Stonley Trading is an unregulated online trading brokerage allegedly based in the UK.
Is Stonley Trading Legit?
Stonley Trading is not a legitimate trading firm. It has no authorization by the UK FCA or any other financial authority.
Who Owns Stonley Trading?
Stonley Trading is allegedly owned by Stonley Trading Ltd. However, a firm with such a name cannot be found in any business register.
