Is Scam? | Safety and Reliability



  • Total customer assets of $5 billion
  • Regulated by FCA
  • Listed on NASDAQ stock exchange
  • Over 20 years of trading experience
  • No negative balance protection

Introduction is a forex and CFD broker that’s originally owned by StoneX Group. It’s founded in 2001 in New York, USA. and have customers from over 140 countries around the world. is also regulated by top-tier financial authorities, including FCA, the Financial Conduct Authority in the UK. The broker has over 4,500 trading instruments including forex, CFDs and commodities. With a minimum deposit of $100, becomes one of the best choices to start trading with.

Is Regulated?

The broker is regulated by many financial authorities like:

  • FCA: the FInancial Conduct Authority in the UK.
  • CIMA: Cayman Islands Monetary Authority
  • FSA: Financial Services Authority in Japan
  • CFTC: Commodity Futures Trading Commission
  • NFA: National Futures Association in the USA.
  • IIROC: Investment Industry Regulatory Organization of Canada
  • ASIC: Australian Services and Investments Commission

Is a Scam? has over $5 billion of total customer assets in 2020. It also has a long track record since its foundation in 2001, NYC. It has survived different financial disasters since then. The parent company, StoneX Group is also listed on NASDAQ stock exchange to gain much safety. Awards

Since its foundation in 2001, was awards like:

  • 2021:
  • Best Education in the Online Personal Wealth Awards
  • Best Forex Platform in the ADVFN International Financial Awards
  • 2020:
  • Best Forex Trading Platform in the London Trader Show
  • Best Forex Provider of the year in the London Trader Show
  • Best CFD FX Provider in the Online Personal Wealth Awards
  • Best Trading Analysis Provider in the Online Personal Wealth Awards
  • Best Mobile Platform/App in the UK Leverage Trading Report Awards
  • Best Brokerage (Forex) in the Benzinga Global Fintech Awards
  • 2019:
  • Best Forex Service Provider in the Shares Awards
  • 2018:
  • Best Forex Fundamental Analysis Provider in the UK Forex Awards

Client Protection has client protection amounts to protect its customers in case anything goes wrong as the table shows below. Legal Entities Table


Protection amount


Broker’s Legal Entity




StoneX Financial Ltd.


No protection


StoneX Financial Co. Ltd.


No protection




GAIN Capital Group LLC


CAD 1,000,000


GAIN Capital – Canada Limited

Other Countries

No protection


GAIN Global Markets Inc.

Negative Balance Protection also has a negative balance protection for the EU customers to protect their account balances from going negative.

Two-step Verification provides a two-step verification method for safer login.


  1. How long does it take to verify my account?
  • It takes about 1 to 2 business days to verify your account.
  1. Does allow bot trading?
  • Yes, it does.
  1. Does allow scalping?
  • Yes we allow scalping but if you are going to request a lot of quotes and not act on them the system will put you on the bottom of the list and you will receive lesser priority.
  1. Does allow hedging?
  • Since it is regulated by the NFA, you cannot use this broker to take on hedging positions in the same trading account if you are based in the U.S.
  1. Where is my money held?
  • Your money is held with top-tier banks and ensures that your money remains segregated from the assets of the bank
  1. Does accept payments from third parties?
  • No, as the name(s) on the trading account must be an exact match with the name(s) on the account of the other financial institution.
  1. Can my balance go negative?
  • While’s margin requirements, closeout levels and real-time margin system are designed to limit your trading losses, you do risk incurring losses greater than your account balance, especially during periods of extreme market volatility.


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