Highstone Capital Pty Ltd is a Forex broker registered in Australia in 2023, primarily providing investors with trading services in Forex, precious metals, energy, indices, and other financial products. According to the official website of Highstone Capital Pty Ltd, it has a registered capital of 10 million USD and is a member of the Australian Financial Services Representatives.
Company Background:
Highstone Capital Pty Ltd is an Australian registered company, established on October 12, 2023. The company operates as a Proprietary Company Limited by Shares and has an Australian Company Number (ACN) of 672115936. Currently, the operational status of the company is "Strike-Off Action In Progress". The domain name for Highstone Capital Pty Ltd's official website was registered on October 16, 2023, and has been registered for less than a year.
Account Registration:
Highstone Capital Pty Ltd offers two types of account registration methods to meet the needs of different investors: real accounts and demo accounts. For investors who wish to engage in actual trading, the registration process for real accounts includes visiting the company's official website, clicking the "Register" button, or entering the registration page through the "Account opening service" option under "Products/Services". On this page, investors need to fill in information including their name, email address, country, ID number, and set a password. After completing these steps, investors can successfully register a real account.
For novice investors or users who wish to familiarize themselves with the trading platform first, Highstone Capital Pty Ltd also offers a registration option for demo accounts. By clicking "Products/Services" on the official website, selecting "Open a free demo account," users are guided to the account login page. Here, by clicking the "haven't registered yet? Sign Up Now" link, users can enter the account registration page and fill in the required information to complete the registration of a demo account.
The account registration page on the Highstone Capital Pty Ltd official website supports multilingual options, including simplified Chinese, English, and Japanese, allowing users with different language backgrounds to conveniently complete the registration process.
Currently, Highstone Capital Pty Ltd is facing issues with the account registration interface being unable to open.
Account Types:
The Highstone Capital Pty Ltd official website does not explicitly provide specific information about its trading account types.
Trading Products:
Highstone Capital Pty Ltd offers financial trading products including a variety of major currency pairs for Forex trading, precious metals (gold and silver), energy commodities (crude oil and natural gas), major stock index CFDs, and popular cryptocurrency CFDs (Bitcoin and Ethereum). These products cover the main areas of the global financial market, providing investors with diversified investment options from traditional to emerging markets.
Margin Ratio:
Highstone Capital Pty Ltd offers a leverage ratio of up to 100:1, allowing its clients to conduct relatively large-scale trades with a smaller amount of capital. Leverage trading is a common tool in the financial market that magnifies the amount invested to increase potential returns while also increasing risk. Under this mechanism, investors can use a small amount of capital to engage in large trades, which is especially common in Forex, precious metals, energy commodities, and other financial product trading.
Trading Hours:
The Highstone Capital Pty Ltd official website does not provide specific trading hours information for the Forex, precious metals, energy, indices covered by its trading products.
Deposits and Withdrawals:
Highstone Capital Pty Ltd offers a variety of deposit and withdrawal methods to meet different needs. For deposits, customers can choose domestic bank transfers, which are usually reflected in the account within 15 minutes, but it's important to note that the transfer fees are borne by the customers. Additionally, the company supports USDT cryptocurrency remittances through the TRC20 network, which involves a fee of 1USDT plus 3%, and enables instant deposits.
For withdrawals, in compliance with anti-money laundering policies, Highstone Capital Pty Ltd requires the withdrawal method to be the same as the deposit method. The company essentially does not charge a fee for bank withdrawals, which are typically processed within 3 working days; while USDT cryptocurrency remittances are usually completed within 15 minutes.
Trading Software:
Highstone Capital Pty Ltd has chosen MetaTrader 4 (MT4) as its trading platform due to its powerful functionality and stability, suited for the global financial markets. However, currently, the broker’s official website does not provide a download link for the MetaTrader 4 software.
Other Services:
Highstone Capital Pty Ltd provides investors with blog and news services, to stay informed about hot events in the financial market and the possible impact of these events on the market. However, according to information on its official website, this service seems to have not been updated for nearly half a year.
Regulatory Status:
Highstone Capital Pty Ltd claims on its official website to be regulated or authorized by the US National Futures Association (NFA) and holds an authorized representative license (AR license) from the Australian Securities and Investments Commission (ASIC).
However, according to the search results on the National Futures Association (NFA) website, the company is not a member of the NFA, nor is it regulated or authorized by the NFA.
Furthermore, the authorized representative license (AR license) held by Highstone Capital Pty Ltd actually belongs to MGF CAPITAL PTY LTD. This type of license provides relatively weak regulatory strength and investor protection. It is reported that MGF CAPITAL PTY LTD seems to have sold authorized representative licenses to more than thirty similar businesses like Highstone Capital Pty Ltd, which have no direct relationship with MGF CAPITAL PTY LTD and only use the purchased licenses for promotional purposes.
Summary:
Highstone Capital Pty Ltd is a newly established Forex broker, currently marked as "Strike-Off Action In Progress" regarding its operational status. The broker lacks any effective regulation, and the information on its official website has been accused of being untrue and involving false advertising. Highstone Capital Pty Ltd is suspected of fraud, and investors are advised to be cautious when choosing the services offered by this broker. Currently, Highstone Capital Pty Ltd is marked as "suspected of fraud" on Traderknows.
