BR Stone Forex Review

Read our full BR Stone review to get exact details about their safety, accounts, spreads, platforms, assets, support, and many more. Our unbiased BR Stone opinion allows our readers to decide whether BR Stone is a reliable broker.

BR Stone Forex Broker History

BR Stone is a Forex and CFDs broker that has been around since 2020, making it relatively experienced in its industry. The broker operates with the brand name BR Stone and the company owning this trading name is Barclay Stone Ltd. BR Stone offers a wide range of trading accounts and has relatively high minimum deposit requirements when it comes to the Forex trading industry. It has also incorporated several new payment options lately but the main ones are bank cards and wire transfers. The broker still lacks a live chat plugin on its website which is its second most critical flaw after being unregulated.

BR Stone broker safety

Safety is the single most important thing in online financial trading and BR Stone is not regulated by any authority, which is a critical flaw. While it has some decent experience in its industry, being unregulated can not be ignored as it poses serious threats to traders. Unregulated brokers are usually scams and traders should avoid them at all costs. As a result of this, it is impossible to confirm whether the broker truly employs segregated accounts to keep trader funds in different accounts than its operational funds.

BR Stone provides a negative balance protection policy preventing traders from going into minuses which is an important safety feature.

In the end, the broker is not overseen by any authority which makes it unattractive for traders and they should be cautious.

BR Stone Broker Review of Accounts

When it comes to trading account types, BR Stone has a wide range of different tier accounts. The broker offers basic, standard, silver, gold, platinum, VIP, and Elite trading accounts.

The broker provides limited data about its accounts which is a red flag.

BR Stone Basic accounts offer the following specs:

• Minimum deposit – 250 USD
• Maximum leverage – 1:400
• Spreads from – 1.2 pips
• Negative balance protection – Yes

BR Stone Standard accounts offer the following specs:

• Minimum deposit – 2,500 USD
• Maximum leverage – Unknown
• Spreads from – Unknown
• Negative balance protection – Yes

BR Stone Silver accounts offer the following specs:

• Minimum deposit – 5,000 USD
• Maximum leverage – Unknown
• Spreads from – Unknown
• Negative balance protection – Yes

BR Stone Gold accounts offer the following specs:

• Minimum deposit – 10,000 USD
• Maximum leverage – Unknown
• Spreads from – Unknown
• Negative balance protection – Yes

BR Stone Platinum accounts offer the following specs:

• Minimum deposit – 25,000 USD
• Maximum leverage – Unknown
• Spreads from – Unknown
• Negative balance protection – Yes

BR Stone VIP accounts offer the following specs:

• Minimum deposit – Unknown
• Maximum leverage – Unknown
• Spreads from – Unknown
• Negative balance protection – No

BR Stone Elite accounts offer the following specs:

• Minimum deposit – Unknown
• Maximum leverage – Unknown
• Spreads from – Unknown
• Negative balance protection – No

As we can see, it is very difficult to find out about exact trading conditions, which makes BR Stone unpopular among traders.

BR Stone instruments

BR Stone offers diverse range of trading assets:

• Forex pairs – Majors (EUR/USD, etc.), minor pairs, exptics.
• Commodities – Precious metals and energies.
• Stocks: Popular triple A stocks.
• Indices – Popular indices like US500 and more.
• ETFs – Exchange Traded Funds.
• Digital currencies – BTC, ETH, etc.

The default leverage is up to 1:400 which is more than enough to control considerable reading power.

BR Stone Reviews of Trading Platforms

The broker does a terrible job when it comes to trading platforms. It only offers one web terminal that is developed by the broker itself and lacks advanced features unlike other popular platforms. Mobile trading is available but not recommended with this platform.

BR Stone Forex Review of Extra Features

When it comes to extra features, the broker provides many services depending on the account tier. Higher tiered accounts offer personalized experience such as 1 on 1 webinars and personal account manager together with trading strategies and market analysis, while lower tiered ones offer limited access to trading webinars. The broker claims to be offering a welcome bonus but details are not disclosed.

BR Stone Reviews of Customer Support

BR Stone does not offer live chat which is a red flag. There are only email and phone support channels provided. Traders can use an online form to contact the broker using email. Both the website and support are only provided in English, which is also a downside.

BR Stone Deposit and Withdrawal

The broker only provides details about wire transfers and bank cards when it comes to payment options. Deposits are instant for bank cards while it takes 4-5 business days for wire transfers to be processed for both deposits and withdrawals. Bank card withdrawals are also lengthy and require 2-4 business days to process and come with fees.

BR Stone Review Conclusion – can you trust Hankotrade?

BR Stone is a diverse Forex and CFDs broker with multitude of account types and a broad asset offerings. However, there are serious caveats like lack of regulations, limited platform offerings, and value account details. The absence of live chat is also a major concern together with the broker’s unregulated status. The broker offers a negative balance protection policy and a wide range of assets, but the limitations mentioned above make it very risky to trust this broker with your money.

Overall, traders should approach BR Stone with caution and consider more reliable and transparent regulated alternatives.

FAQs on BR Stone

Is BR Stone a scam?

BR Stone scam is highly likely as the broker is not regulated by any authority and does not provide exact details about its services nor live chat.

What is the BR Stone minimum deposit?

The minimum deposit starts at 250 dollars for the basic trading account, which is not competitive at all.

Is BR Stone a cheap broker?

No, the broker has fees on withdrawals, does not disclose exact spreads, and has high minimum deposit requirements.