About melostone
Company Overview
Melostone is a New Zealand-registered entity operating under the name melostone and the domain melostonetrade.com. It was founded on 25 February 2022 and is headquartered at 65 Shadbolt Lane, Rolleston, Rolleston, 7614, NZ.
According to public registration records, the company does not hold any financial services licence or regulatory authorisation from a recognised supervisory authority. This absence of regulation is a significant factor for traders to consider.
Account Types
Melostone offers two account tiers: a Classic account with a minimum deposit of $100 and a Platinum account with a minimum deposit of $10,000. Maximum leverage is not disclosed for either account type.
The significant gap between the minimum deposits suggests a target audience ranging from retail traders to high-net-worth individuals, though the lack of leverage details makes it difficult to assess risk exposure.
Regulatory Status
Our records indicate that Melostone is not regulated by any major financial authority such as the FMA, FCA, ASIC, or CySEC. The company's registration in New Zealand does not imply oversight by the Financial Markets Authority (FMA) unless specifically licensed.
Traders should exercise extreme caution when dealing with unregulated brokers, as there is no external dispute resolution or investor compensation scheme available.
Available Instruments
No specific financial instruments are listed on the official website or in our known data. It is unclear whether Melostone offers forex, CFDs, commodities, indices, or other asset classes.
The lack of transparency on tradable instruments is a red flag, as reputable brokers typically provide clear lists of available markets.
Risk Considerations
With a FXCanary Scam Risk Score of 52/100 (Elevated), Melostone presents a higher-than-average risk for traders. The primary concerns are the absence of regulation, limited public information, and high minimum deposit requirements for the Platinum account.
We recommend that traders verify any claims made by the broker independently and consider only dealing with regulated entities for capital protection.
Overview compiled by FXCanary from regulatory records and public data. full melostone review