Barclay Stone is a forex and CFD broker that has been the subject of a number of negative reviews and warnings. The Financial Commission, an independent dispute resolution body for the financial services industry, added Barclay Stone to its Warning List in July 2021. The Commission said it had received complaints from traders about Barclay Stone, and that it had concerns about the company’s business practices.
In addition, a number of online reviewers have accused Barclay Stone of being a scam. They allege that the company makes it difficult for traders to withdraw their money, and that it uses unfair trading practices.
Barclay Stone review – Table of Content
Barclay Stone regulation
Barclay Stone is not regulated by any major financial authority. This means that there is no government agency responsible for overseeing the company’s activities and ensuring they comply with financial regulations. This lack of regulation raises concerns about the safety of your funds and the fairness of their trading practices.
Barclay Stone’s regulation
- Not regulated by any major financial authority: This means there’s no government oversight of their activities.
- Added to the Financial Commission’s Warning List in July 2021: The Financial Commission, an independent dispute resolution body, raised concerns about Barclay Stone’s business practices and received complaints from traders.
- Negative online reviews: Some online reviewers have accused Barclay Stone of being a scam, alleging difficulty withdrawing money and unfair trading practices.
Due to the lack of regulation and the negative reviews, it’s generally not recommended to use Barclay Stone as a broker. It’s important to choose a broker that is regulated by a reputable financial authority, such as the Financial Conduct Authority (FCA) in the UK, the Securities and Exchange Commission (SEC) in the US, or the Australian Securities and Investments Commission (ASIC) in Australia. These regulators have strict rules in place to protect investors and ensure fair trading practices.
Here are some resources where you can learn more about forex and CFD broker regulations:
- Financial Conduct Authority (FCA): https://www.fca.org.uk/
- Securities and Exchange Commission (SEC): https://www.sec.gov/
- Australian Securities and Investments Commission (ASIC): https://asic.gov.au/
- Mobile trader
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Conclusion – Barclay Stone review
Here are some of the red flags associated with Barclay Stone:
- They are not regulated by a top-tier regulator. This means that there is no oversight of their activities and that they are not required to meet strict financial standards.
- They have been added to the Financial Commission’s Warning List. This means that the Financial Commission has received complaints about Barclay Stone and that they are concerned about their activities.
- There are a number of negative reviews of Barclay Stone online. These reviews allege that Barclay Stone is a scam and that they have difficulty withdrawing their money.
If you are considering trading with Barclay Stone, it is important to be aware of these red flags. It is also important to do your own research before making any investment decisions.