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 However, its credential identified as number 751019 is no longer valid.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.
ICE Futures U.S. recently announced the settlement of charges against StoneX Financial Inc. related to potential violations of the Exchange Rule, which prohibits trade practices such as wash sales and prearranged trades. These charges were connected to an incident that occurred on April 27, 2023, where an employee of StoneX allegedly placed opposing buy and sell orders in the Cocoa Futures spread market.
The Labuan Financial Services Authority (LFSA) has introduced new restrictions on locally regulated forex and contracts for differences (CFDs) brokers, limiting their offerings to currency-related instruments such as spot FX and CFDs on foreign exchange.
The Italian financial services regulator, Consob, has taken decisive action against four new websites that were found to be illegally offering unauthorized financial services.
Gold has surged to a record high of $2,625.89 an ounce, driven by trader expectations ahead of significant U.S. economic data that could signal whether last week’s 50-basis-point interest rate reduction by the Federal Reserve is the start of a series of aggressive cuts. This latest increase marks a 0.2% rise, eclipsing the previous record set just days ago.