Stonecapitals invites you to the world of trading, but we would not recommend rushing to accept this offer. Wait for us to determine whether it’s a scam or not. You can review the results in our brief overview.
- Stonecapitals General Information
- Registration and Client Portal Review
- Stonecapitals Trading Conditions
- Account Types Review
- Trading Platform
- Stonecapitals — Deposit and Withdrawal of Funds
- Additional Options
- Is Stonecapitals a Scam?
- Legal Information and License
- Stonecapitals.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Stonecapitals General Information
Registration and Client Portal Review
Stonecapitals, in terms of appearance, looks decent at first glance. If you didn’t know that there are dozens of similar template websites on the internet, it might seem interesting. The color scheme is pleasant, and the menu layout is convenient. However, these are essentially the only positives. This is because there is a severely limited amount of information available about the company. Moreover, even the trading conditions are not fully described. Additionally, the website is strangely translated into only English, Russian, and Polish languages.
Stonecapitals offers a simple registration process. Here, you’ll need to provide your first and last name, contact details, and create a password. That’s it – no further information is required, and the broker immediately grants access to the client portal. However, it’s worth noting that this is not necessarily a good practice because proper verification procedures are essential for confirming the identity of clients and ensuring their financial security. By omitting these steps, Stonecapitals might expose itself and its clients to potential security and legal risks.
Stonecapitals offers a rather minimalist client portal. Within it, we didn’t find anything exceptional; it mainly provides standard features. Here’s a brief description of these features:
- Dashboard. The main page, where you can get an overview of your account, including balance, open positions, and transaction history.
- Trading terminal. Access to various trading assets and instruments, where you can place buy and sell orders.
- Account management. This section allows you to manage your personal information, including contact details and password changes.
- Deposits and withdrawals. Provides options to fund your account or request withdrawals, as well as a history of financial transactions.
In essence, the client portal lacks the advanced tools and features that some other brokers might provide, making it a rather basic platform for traders.
Stonecapitals Trading Conditions
We finally come to the most interesting part – let’s explore what Stonecapitals has to offer. Is it worth entering the world of trading with this broker?
Account Types Review
At Stonecapitals, there are four types of accounts: Solo, Trial Premium, Premium, and Black. The minimum deposits for these accounts are 250 euros, 750 euros, 3,000 euros, and an unknown amount for the Black account. However, the descriptions of these accounts are quite limited. For instance, it is advisable not to open starter accounts for several reasons. Firstly, it is not convenient to trade on these accounts due to restrictions on trading instruments, and only the Black account provides access to all instruments. Additionally, premium accounts offer expedited withdrawals and order processing, while others have to wait.
The disadvantage of order processing in a queue, rather than instantly, is that it can lead to delays in executing trades, especially during high market volatility.
Stonecapitals’ WebTrader receives negative reviews from traders, and it’s evident that its quality is questionable. The platform has faced criticism for several reasons.
Firstly, traders have expressed concerns about the limited functionality of WebTrader. It lacks the robust features and tools that more established trading platforms typically offer. This deficiency can seriously hamper traders who rely on advanced features to make informed decisions.
Moreover, the number of available indicators and analytical tools is significantly restricted compared to industry standards. This limitation may leave traders feeling handicapped when it comes to conducting comprehensive technical analysis and developing sound trading strategies.
In addition, WebTrader often falls short of traders’ expectations when it comes to execution speed and efficiency. Slow order processing can lead to slippage, which can result in unfavorable trade execution, particularly during periods of high market volatility.
Stonecapitals — Deposit and Withdrawal of Funds
Stonecapitals offers a variety of deposit methods, as indicated on their official website. However, the options available in the client portal may be slightly more limited. Nevertheless, there are still several choices for clients looking to fund their trading accounts. These options include credit card deposits, bank transfers, and even cryptocurrency transactions.
When it comes to withdrawing funds, the process is less straightforward. In the client portal, there’s no direct option to execute a withdrawal yourself. Instead, you would need to submit a withdrawal request, and from there, you’d have to wait for a company representative to contact you.
Stonecapitals requires its clients to undergo a verification process, which is a standard procedure for many financial service providers. During this process, you will be asked to provide various documents and information to confirm your identity and address. This usually includes submitting a copy of your identification document (such as a passport or driver’s license), proof of residence (like a utility bill or bank statement), and potentially other documents as requested by the broker.
Stonecapitals offers a range of additional services and bonuses to its clients. Among these bonuses is a 15% bonus applied to your initial deposit. Furthermore, there’s a 10% bonus if you transfer from another broker to Stonecapitals, and an additional 10% bonus for successfully referring new clients to the platform. These bonuses aim to provide extra value to different types of clients and encourage new sign-ups. However, it’s essential to carefully review the terms and conditions of these bonuses as they may come with certain requirements or limitations.
Is Stonecapitals a Scam?
Now, it’s time to address a critical aspect of our review: verifying the legitimacy of this company. Stay with us as we delve into this crucial evaluation to uncover the truth.
Legal Information and License
On the broker’s website, you’ll find information in only three languages: English, Polish, and Russian. Interestingly, the contact details, including the phone number, are in Polish. One might assume that Stonecapitals operates in the jurisdiction of Poland. However, their user agreement states that all relationships with traders are regulated solely by the laws of Saint Vincent and the Grenadines. This is a questionable jurisdiction, as brokers operating there should provide a license from the jurisdiction in which they intend to operate. But on the Stonecapitals website, we couldn’t find any mention of licenses. Furthermore, a search in the registry of Saint Vincent and the Grenadines yielded no results for the company’s name.
Stonecapitals.com Domain Info
Another concerning factor that raises suspicions about Stonecapitals being a fraudulent broker is the registration date of its domain. The website was created on October 3, 2023. Clearly, this indicates that there isn’t a long track record or established history with this broker, which makes it difficult to trust the legitimacy of their services.
The contact information provided by Stonecapitals consists of a phone number and an email address. However, an intriguing discovery is that the phone number listed on their website actually belongs to an entirely different broker, Orlentrend. This raises significant questions about the authenticity of the contact details provided by Stonecapitals.
It appears that the connection between Stonecapitals and Orlentrend is not a mere coincidence. In fact, Stonecapitals and Orlentrend are one and the same. If you examine their websites, you’ll find no other distinctions aside from the names. These scammers seem to employ the tactic of creating clones and initiating a new project as soon as the previous one collapses.
Pros and Cons
- User-friendly website.
- Lack of regulation.
- Scant information.
- The website is available in only three languages (English, Polish, and Russian), which may not be suitable for traders from other regions.
- There is a lack of clarity about account types and trading conditions, making it difficult for potential traders to make informed decisions.
- Dubious background.
- Recent domain creation.
Frequently Asked Questions (FAQ)
Stonecapitals offers trading services in the financial markets. Traders can access various assets and trading instruments through their platform.
Stonecapitals requires a minimum deposit of 250 euros, according to their trading conditions. Traders are urged to exercise extreme caution when considering this investment, given the suspicious nature of the broker.
Stonecapitals is unequivocally not safe. The presence of cloned websites and the absence of proper regulation indicate that it may be involved in fraudulent activities.