BR Stone Forex broker review — Everything you need to know

BR Stone is the company’s trade name, which is a financial broker offering FX and CFDs trading services. The company behind the website is Barclay Stone Ltd. The broker is unregulated, meaning it has no licenses. The company was launched in 2020. Let’s comprehensively analyze the broker and its services to define its safety, accounts, platforms, assets, spreads, support, and more.

BR Stone Safety

BR Stone or Barclay Stone Ltd is not regulated by any authority worldwide, which is a serious downside. The broker has been around since 2020, which gives it more than enough time to acquire at least a license. As a result, we can not confirm the broker employs segregated bank accounts to ensure its operational funds are on different accounts.

These are serious flaws and coupled with some warnings from Polish authorities, we get a pretty ugly picture of the BR Stone’s safety.

Although the broker offers negative balance protection policies for all of its accounts, it is not enough for safety.

Overall, the broker seems very risky and unreliable in its current state.

BR Stone Overview of the website

The website of BR Stone is well-designed and responsive as it quickly responds to all clicks of a user. Some menus are easy to navigate and the interface is not overcrowded by colors and items, which is advantageous.

However, the broker does not disclose some of the critical details such as spreads for example, which is a serious downside as a trader has to contact the support to get info about important conditions.

Overall, the website needs to contain all important details about the broker’s services, otherwise, it is satisfactory.

BR Stone Accounts Reviewed

BR Stone excels in providing a plethora of different trading account types. There are basic, standard, silver, gold, platinum, VIP, and Elite trading accounts. The broker does not provide details about spreads and leverage, which is a red flag. It only indicates that it has expensive offerings.

BR Stone Basic Account

This account is for general trading purposes and it has the lowest minimum deposit requirement. The minimum deposit is 250 dollars. The maximum leverage should be around 1:400 and spreads are not disclosed. We assume it should be beyond 1.2 pips and no commissions are charged. This account, just like all others, offers a negative balance protection. The services shared by all account types include educational centers, market reviews, signals, and zero swap accounts.

BR Stone Standard Account

The standard trading account has a 2,500 dollars minimum deposit requirement and the broker does not disclose exact spreads for this account either, which is also a downside. This account also allows 1 free withdrawal, unlike the basic account that charges commissions for withdrawals.

BR Stone Silver Account

The silver account has a minimum deposit requirement of at least 5,000 dollars and the broker claims to be offering silver spreads. However, the broker does not provide exact details about spreads and commissions on this account, which is a drawback. This account also has a dedicated account manager to assist traders.

BR Stone Gold Account

The Gold account requires at least 10,000 dollars to start trading and offers extra features in addition to features offered just like previous account tiers. On this account, traders can get cashback and individual strategies. The account manager is also available and users can benefit from various discounts.

BR Stone Platinum Account

The platinum account is an even higher tier account than gold and it requires at least 25,000 dollars offering lower spreads which are not disclosed clearly. This account offers all features provided by previous tiers of accounts and adds several features of its own. The main benefit is 1 on 1 assistance from the broker, which might be useful for managing trades and investments.

BR Stone VIP Account

The VIP account is the next tier after platinum and it does not disclose exact terms like minimum deposit and spreads. The account is custom-tailored to a client’s needs, which is flexible but the absence of any details is a downside.

BR Stone Elite Account

The elite account is the highest tier offered by BR Stone Broker. This account is for exclusive clients only and traders should contact the broker’s management to check if they are eligible for this account. There are no details given like minimum deposit, leverage, or spreads, which is a drawback.

Overall, the account experience does not seem attractive to this broker as it does not disclose exact conditions like spreads and commissions.

Deposit and withdrawal options at BR Stone

Deposits and withdrawals at BR Stone are limited only to bank cards and wire transfers, which is disadvantageous. The broker promises quick processing times but in reality, the withdrawals take 2-4 business days, which is not fast. Deposits are instant using bank cards and there are no fees charged from the broker’s side, however, withdrawals are charged from 0%

to 3,5% on cards and 35 euros on wire transfers.

BR Stone Assets — What can you trade?

Despite the broker’s unattractiveness when it comes to trading accounts, there are plenty of different trading assets offered. These assets include Forex pairs (majors, minors, exotics), commodities (metals and energies), indices, cryptos, ETFs, and stocks.

Trading platforms of BR Stone

The broker offers an in-house developed trading terminal which is web-based. It allows traders to access all the asset classes in one platform, which is flexible. However, it is far inferior to popular advanced platforms like MT4 & 5, which is a serious drawback.

Education at BR Stone

The broker does not offer educational resources. There are webinars but their availability depends on the trading account tier selected, which is disadvantageous. Novices can only attend webinars for free.

BR Stone Customer Support

The brokers fall short when it comes to customer support experience as well. There is no live chat available, which is a huge disadvantage. Traders can use phone support and email options only. The broker is not multilingual either as both website and support are only available in the English language.

Is BR Stone your broker? Final verdict

Overall, BR Stone Broker is an unregulated entity which makes it a super risky broker. Although there are multiple different accounts, the broker does not disclose the exact spreads or any details except for minimum deposit requirements. Starting from 250 dollars, the minimum deposit is not attractive either. The platform is a custom web platform and the broker does not offer any advanced trading software, which is also a huge drawback.

Overall, BR Stone is not a broker to be excited about and it is risky to start doing business with them.

FAQs on BR Stone broker

Where is BR Stone based?

The broker does not disclose details about its address as it is not regulated, which is a huge red flag.

Can you withdraw from BR Stone?

We can not confirm that the broker allows profit withdrawals. It claims 2-4 business days of withdrawal processing times.