RedStone-Pro offers trading CFDs on various assets. Judging by the age of the domain, this company was founded in 2023. The firm has three offices in Sweden, the United Kingdom, and Australia. However, it is unknown where exactly the company is registered: there are no documents indicating this available from the company. We also could not find a license to provide brokerage services. What is your opinion, should we trade here or better choose another broker?
Trading Conditions
Trading takes place on a proprietary web platform that can be adapted for mobile phones. It is possible to trade CFDs on the following assets: currencies, cryptocurrencies, stocks, indices, and commodities. There are over 500 different instruments available in total. The company also offers trading using ETF packages, in which case a fixed return is guaranteed.
The minimum deposit is $250, and a free demo account can be created to test the functionality. RedStone-Pro offers the following trading accounts:
- Standard
- Pro
- Gold
- VIP
Depending on the level, clients can receive support from an account manager or analyst. The leverage can be up to 1:500, and spreads start at 0 points. VIP clients have access to a personal business plan.
So, I decided to go for the ETF package. They guaranteed a fixed income, but it never materialized. Only later did they tell me that all the promises of fixed profits were nonsense because it's impossible to accurately predict asset price growth... Overall, I would advise against trading here. That's all I can say to you.
People, ALWAYS check three things: the broker's duration of operation, registration, and license. If there are issues with any of these, then it's definitely not a place to trade.