Stone Edge Capital Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this Stone Edge Capital Review.
Stone Edge Capital Review
Stone Edge Capital offers its clients a single account type with variable spreads, leverage up to 1:50, and the option to trade in micro lots on the broker’s Stone Edge platform. Besides, the services provided by Stone Edge Capital are on a commission basis.
The Company. Security of Funds
Stone Edge Capital Ltd.
Stone Edge Capital offers trading in a number of currency pairs, precious metals, CFDs on stocks, commodities, bonds and indices ETFs, Futures, Contract Options and other potentially lucrative assets on its Stone Edge platform (powered by Sirix).
Stone Edge Capital is the trading name of Stone Edge Capital Ltd., a Cypriot Investment Firm (CIF) licensed by Cyprus Securities and Exchange Commission (CySEC) in 2016.
CIFs are required to hold at least €730 000 as a proof of their financial stability and to keep client funds in segregated accounts, as well as to report to the Commission on a regular basis.
Furthermore, all licensed brokers are members of the Investor Compensation Fund, which may cover a maximum of 20,000 EUR per person in the event of broker insolvency.
Besides, as Cyprus is part of the European MiFID regulations, all CySEC regulated are free to operate in all EU Member States.
Spreads & Commissions
Stone Edge Capital offers competitive variable spreads, averaged 0.5 pips for the EUR/USD pair. Besides, a commission of $2 (per side) applies, so trading costs with this broker are below 1 pip for standard lot on average, which is an attractive offer (0.5 pips + 2 x $2 = 0.9 pips approximately).
Most brokers usually offer spreads (& commission) within the range of 1.0 – 1.5 pips for this pair. For more information, you may look up real-time spreads of 15 leading brokers here.
The maximum leverage level offered by Stone Edge Capital is 1:50, which is a low ratio, yet it is in line with the latest recommendations of CySEC. The regulator recently proposed the default leverage provided by Cypriot brokerages to be 1:50.
Nonetheless, many Cyprus-based brokers still offer high leverage levels – for example, XM and FXTM both provide leverage up to 1:500.
If you are looking for the most widely used forex trading platform – the MetaTrader4 (MT4), you will not find it with this broker. Instead, it supports its in-house Stone Edge platform (powered by Sirix). It is available as a desktop version and mobile applications.
Stone Edge Capital’s desktop platform. Click for larger image.
Methods of Payment
Stone Edge Capital supports a small range of payment methods – credit/debit cards & bank wire transfer. Popular e-wallets like Skrill and Neteller are not available with this broker.
Stone Edge Capital is a newly-established Cypriot forex broker, offering trading in wide range of financial instruments. Its website still lacks some important features and information, such as minimum initial deposit required, and demo accounts.
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
Stone Edge Capital Review Conclusion
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