FXStone Financial: customer reviews of the company’s performance in 2023

• Categories: CFD-Brokers

Reviews about FXStone Financial: why you shouldn’t trust this company

FXStone Financial, like other scam companies, actively attracts newcomers with promises of quick profits. The broker claims to offer high-yield trading opportunities and passive income. However, the negative reputation and lack of trust in the project make one think twice. A comprehensive investigation is needed to expose the scammers.

Features of FXStone Financial

Although the company does not disclose its experience and tenure in financial markets, the following statistics are presented on the platform:

• 165,000+ active accounts,
• 10,000 experienced traders,
• over 1,000 financial instruments,
• 500+ strategies to choose from.

Checking the data through a special whois service revealed that the company’s official website has been active since 2023, confirming the inconsistency of the statistics with real data. Customer reviews also refer to FXStone Financial as a fake.

In contrast to other scammers, the founder of the company is known – Tyler Robert Pearson, who works at RBC Capital Markets. However, he is not connected to FXStone Financial in any way.

The contact information on the platform is fake. Users note the impossibility of contacting customer support. The legal aspects of the company and its licensing are also unclear.

Financial terms and offers

FXStone Financial offers access to various financial instruments, including currency pairs, stocks, and cryptocurrencies. Additionally, the broker provides various services:

• minimum deposit – $250,
• three tariff plans,
• leverage up to 1:10000,
• advanced charts,
• protection against negative balance,
• access to educational materials,
• services of a personal manager when depositing $1000,
• additional bonuses for VIP tariff holders.

The company remains silent on payment methods, and users mention high withdrawal fees without prior notice.

Fraud and scam schemes

FXStone Financial lures newcomers with lucrative offers, but actually simulates successful trades. After depositing the minimum amount, the client falls victim to the manipulations of scammers, who block the account when trying to withdraw money, accusing them of violations and money laundering.

Conclusion

The investigation revealed that FXStone Financial is a dishonest company operating illegally in financial markets. Without the necessary licenses, the broker only simulates trading processes, leading clients to financial losses. Recommendation: avoid dealing with such organizations.