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StonewallFX

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Operating status: SCAM

Website: https://www.stonewallfx.com/

Broker violations and abnormal records
  • 2023-08-23 BrokersView has reviewed that StonewallFX is an unregulated broker

    The website of StonewallFX is offline, suggest significant issues with the broker's reliability and resources.

    According to BrokersView's records, StonewallFX was only registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). However, it is crucial to note that the SVG FSA has explicitly stated that entities engaging in forex trading and brokerage are not licensed from this jurisidiction. Therefore, StonewallFX remains unsupervised.

    In essence, StonewallFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    StonewallFX is unequivocally a scam.

    The website of StonewallFX is offline, suggest significant issues with the broker's reliability and resources.According to BrokersView's records, StonewallFX was only registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). However, it is crucial to note that the SVG FSA has explicitly stated that entities engaging in forex trading and brokerage are not licensed from this jurisidiction. Therefore, StonewallFX remains unsupervised.In essence, StonewallFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. StonewallFX is unequivocally a scam.

Related Complaints

Q&A

I wanna know the minimum deposit in StonewallFX.

AstorJunior
Ethiopia
2023-05-10
ANSWER StonewallFX is a non-regulated broker we advise against trading with, despite the seemingly attractive deals it offers.Although StonewallFX claims to be owned and operated by H1 Tech Solutions LLC which is registered with Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) under registration number 2554 and we did find records matching this company in the SVG FSA registry, it is important to note that the SVG FSA neither issues forex licenses nor regulates entities engaging in such activities. This means StonewallFX is literally not subject to any valid regulations in forex markets.Regarding your question, we would recommend avoiding dealing with unregulated brokers like StonewallFX. Using unregulated brokers would pose significant risks, such as loss of funds and identity theft. Therefore, we strongly suggest investors stay away from unregulated brokers and opt for fully regulated ones instead.
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1 comments

Ferdinand
So happy with how easy it was to get started with my trading.Helpful team, always happy to answer questions.
2022-07-18
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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