stonefort

Stonefort Securities Limited is a forex and CFD broker founded on August 26, 2024, with its registered office in Mauritius at The Gardens, Ground Floor, Bagatelle Office Park, Bagatelle, Moka 80832. Despite its Mauritian registration, the broker actively targets the UAE market and is listed as operating from the United Arab Emirates. As a relatively new entrant, Stonefort seeks to attract traders with a blend of competitive trading conditions and a regulated framework.

Stonefort is regulated by the Financial Services Commission (FSC) of Mauritius under a Securities Trading License (EP) with number GB24202921. The FSC is a well-known offshore regulator, though it does not offer the same level of investor protection as top-tier bodies like the FCA or CySEC. The broker also emphasizes its accreditation by the UAE's Securities and Commodities Authority (SCA), which is prominently noted in positive user reviews. This dual regulatory claim provides a degree of reassurance for traders in the Middle East and North Africa region.

Stonefort offers three distinct account types to accommodate different trading styles and budgets. The Starter account requires a minimum deposit of just $50 and offers leverage up to 1:1000, with spreads starting from 1.3 pips. The Advanced account, with a $3,000 minimum, reduces spreads to 1.0 pips and caps leverage at 1:500. For high-volume traders, the Elite account demands $10,000 and provides spreads as low as 0.1 pips with leverage up to 1:200. All accounts grant access to the same suite of instruments, and no commission fees are disclosed on the provided data.

The broker provides a broad selection of tradable assets spanning six categories: precious metals, stocks, indices, currency pairs, commodities, and cryptocurrency. This diversity allows traders to speculate on global markets from a single platform. However, the specific number of instruments within each category is not detailed, and the broker does not list individual stocks or indices. The inclusion of crypto is notable for traders interested in digital assets.

Stonefort supports multiple deposit methods (six in total) and two withdrawal methods, though the exact payment options are not specified in the provided data. User reviews frequently praise the speed of withdrawals, with some reporting funds credited within three days or even instantly. The broker’s focus on fast payouts is a key selling point, though one complaint highlights potential delays or restrictions on large profit withdrawals.

Customer support is a strong point for Stonefort, with 19 of 22 mentions being positive. Traders describe the team as responsive, active, and helpful, particularly for new traders. The broker also offers dedicated account management for certain account tiers, which is highlighted as a unique advantage. The negative feedback is limited to one instance where support allegedly failed to explain withdrawal policies clearly.

Stonefort presents itself as a cost-effective and user-friendly broker for retail traders, particularly those based in the UAE. Its low minimum deposit, competitive spreads, and positive user sentiment make it a viable option for beginners. However, potential clients should weigh the risks of a new broker with offshore regulation and consider the isolated but serious withdrawal complaint. Overall, Stonefort offers a modern trading experience with caveats around history and oversight.