Abstract:Established in 2019, BillionStone is a suspected cloned regulatory dealer in New Zealand. The company offers the MetaTrader 4 (MT4) platform for trading.
Note: You can't access BillionStone's official website: https://billionstonefx.com/ right now.
Established in 2019, BillionStone is a suspected cloned regulatory broker in New Zealand. The company offers the MetaTrader 4 (MT4) platform for trading.
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 However, its credential identified as number 751019 is no longer valid.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 |
BillionStones official website cannot be accessed at present. This raises concerns about reliability and accessibility.
Investor understanding regarding what BillionStone remains limited due to insufficient information concerning this platforms operations and dependability.
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.
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.
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.
Saxo Bank closes its Hong Kong and Shanghai offices, shifting focus to Singapore as geopolitical and business changes impact its strategy in the Asia-Pacific.
This article outlines he most recent list of unlicensed brokers flagged by the FCA from September 23 to 27.
The Cyprus Securities and Exchange Commission (CySEC) has introduced a new investor protection campaign aimed at addressing the growing impact of social media and financial influencers, or "finfluencers," on investment decisions.
In the fast-paced world of online trading, selecting a trustworthy broker is essential. AIFactor, an alleged scam broker, has recently raised red flags among investors due to its suspicious activities and lack of transparency.