Score
BillionStone
New Zealand|5-10 years| http://billionstonefx.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：Scale Capital Limited
License No.：751019
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
New Zealand
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Website
billionstonefx.com
Server Location
Hong Kong
Website Domain Name
billionstonefx.com
Server IP
156.230.91.87
Company Summary
Note: You can't access BillionStone's official website: https://billionstonefx.com/ right now.
BillionStone Information
Established in 2019, BillionStone is a suspected cloned regulatory broker in New Zealand. The company offers the MetaTrader 4 (MT4) platform for trading.
Is BillionStone Legit？
Scale Capital Limited was a Straight Through Processing(STP) previously regulated by the Financial Conduct Authority (FCA) in the UK. However, its credential identified as number 751019 is no longer valid.
 | The Financial Conduct Authority (FCA) |
| Current Status | Suspicious Clone |
| Regulated by | United Kingdom |
| License Type | Straight Through Processing(STP) |
| License No. | 751019 |
| Licensed Institution | Scale Capital Limited |
Downsides of BillionStone
- Unavailable Website
BillionStones official website cannot be accessed at present. This raises concerns about reliability and accessibility.
- Lack of Transparency
Investor understanding regarding what BillionStone remains limited due to insufficient information concerning this platforms operations and dependability.
- Regulatory Concerns
Investors are unsure if BillionStone follows any rules, which makes them think twice about how safe the money is and if they can trust the company.
- Withdrawal Difficulty
A user on WikiFX left a report on using the application where he cited many challenges in the process of withdrawal of funds. This concern was still unsolved after one week and more with the request still pending.
Conclusion
Using a non-regulated platform like BillionStone can lead to security issues. For that reason, investors are advised to select regulated brokers that ensure transparency in their operations as well as legal compliance with the law when it comes to investments. Look out for platforms monitored by recognized regulatory bodies because they are much safer trading bases.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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