BillionStone

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 However, its credential identified as number 751019 is no longer valid.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

BillionStone's 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 platform's 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.