Read our Stonewall Fx review to see if we recommend this broker for trading. Just to clear doubts, this is a stonewallfx.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Stonewall Fx is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Stonewall Fx in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Stonewall Fx Review Conclusions
Making the Stonewall Fx review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Stonewall Fx review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
I would like to please share my experience to hopefully stop others falling for these total scammers. Unfortunately we didn’t read the reviews and fell for the lies and false promises.
These parasites need closing down and the individuals named and shamed . Consistent false promises when trying to withdraw funds and Benjamin Brown being the latest crook I dealt with. Avoid at all costs.
I have been a victim to them.. they have taken all my money
Do you know any information about their identity please ?
They took all my savings through cryptocurrency
I am completely lost
I would appreciate your help to find them
They are totally anonymus
Those scammers have taken all my money
I would appreciate it if you know any details about them please…they are totally anonymous…they have to be caught , they cant keep robbing people of their hard earned money … they are merciless
Avoid at all costs, all you will get is lie after lie. These individuals are only after your money, and you will never get any money back!!!! You will be fed all the jargon on why but trust me nothing ever materialises. Please Please do not give them the time of day and happy to name and shame all of them. Charlie Bishop and Benjamin Brown as starters.
Please name them all , do you know their real names and identity ?
They announce fake names
Following my negative review on Trustpilot, I think it is only fair you have an understanding of the systems StonewallFX and their scammers use.
We have nearly $5.5k in our account (supposedly, and this can be proved with a screenshot.) Seemingly StonewallFX cannot just transfer this money to you, you have to open a crypto wallet, which we did, and we used Coinbase. Once opened you have to ‘liquidate’ your account with £1k, which they promise will be returned to you with the rest of your funds.
We did this, but were then told we needed to spend another £2k, once again ‘liquidating’ our account, which we didn’t do. We negotiated another £400, with a ‘guarantee’ in writing from Benjamin Brown, that this would give us access to at least some of our funds! Yes a guarantee in writing!!
They will talk about an Atomic wallet, will create fake tokens called ‘Ethereum Tokens’ and they are worth nothing, seemingly anyone can make up tokens. They will go off to discuss the offers with their financial department and the Miners, and rabbit on about all sorts of rubbish.
And that is what it is, utter rubbish, his written guarantee is the same as his principals and morals, they are all non-existent. He now has the cheek to tell us how much he trades daily and how we will all laugh at this once the deal is done.
Your money disappears once it is transferred into another crypto account, and assume it is his/theirs, seemingly crypto addresses are non-traceable, and I believe this is where they get your money, never to be seen again
The deal, according to him (in writing) should already be done, but it isn’t. We are very fortunate we can live with this loss, however, I can understand those who maybe can’t and who get drawn into the crypto world. DO NOT trust this person or this company and stay away.
Do not invest any money with this company, they are disgusting scammers. They will take your money, show you extraordinarily high returns, and then will not give you these “returns” when you request to withdraw them. They have taken all my money, and are still attempting to play mind games with me and promising me to return my money if I keep investing. The worst thing is they are offshore so it is very difficult to hold them accountable, and they’re also committing identity theft by using other people’s photos and fake names. Please consider this a serious warning. The people behind this scam are psychopaths who will drain you for all you are worth with no remorse, and continue to feel offended when you call them scammers.
(1/5)
Beware of these scammers who take your initial investment, promise false profits, and demand additional funds to retrieve your earnings. Unfortunately, your money will never be returned. Please exercise caution and conduct thorough research. None of the individuals they claim to be affiliated with their company are genuine employees.
To those responsible for perpetrating this scheme, may you never prosper. May this ill-gotten money bring you misfortune rather than success. May you experience the same pain you inflicted on your victims. May you never see one happy day with the money you stole
(1/5)
Nathan Williams, Mike MuntelL and Donna Reed (not sure these are their real names) from Papaya fx and Stonewall fx scam trading companies would send you fake cryptocurrency if you ask for withdrawal of part of your money, instead of real cryptocurrency. They wouldn’t pay gas fees for the blockchain to process your withdrawal. In my case, the transaction remained pending for hours and hours, then it was dropped out. Nathan Williams would tell you then that he doesn’t hold any responsibility for that, as the money was sent from their wallet. He is a liar. The money went back to their wallet after it got dropped up; a professional gang of thieves.
(1/5)
Papaya fx and Stonewall fx will never accept any money from you with bank transfers to real bank accounts, whatever you do. They would ask you to transfer your money only to cryptocurrency. They don’t want to be traceable or held accountable. This is how they steal your hardly earned money over the years.
Beware Papaya fx scammers. They are the daughter company of Stonewall fx, very famous for negative reviews with a meticulously organized fraud scheme. The trading director of the company, Nathan Williams would allure you with every possible way for sky high unrealistic profits. He will show you their fake platform with your presumed profits on it.
Nathan Williams would send you an email confirming the terms of your deal which would sound ideal and favorable for you. Of course, this agreement will never materialize. He has the talent and the patience to whatsapp you with detailed optimistic, rosy and well phrased messages for months and months until he sucks every penny out of your pocket and the pockets of your family members. He stole 340 thousand USD from my brother.
(1/5)
Beware Papaya fx scammers. They are the daughter company of Stonewall fx, very famous for negative reviews with a meticulously organized fraud scheme. The trading director of the company, Nathan Williams would allure you with every possible way for sky high unrealistic profits. He will show you their fake platform with your presumed profits on it.
Nathan Williams would send you an email confirming the terms of your deal which would sound ideal and favorable for you. Of course, this agreement will never materialize. He has the talent and the patience to whatsapp you with detailed optimistic, rosy and well phrased messages for months and months until he sucks every penny out of your pocket and the pockets of your family members. He stole 340 thousand USD from my brother.All the money vanished and I never saw a penny back.
(1/5)
When you try to withdraw any of your money back from Papaya fx or Stonewall fx, they would send you fake cryptocurrency which is worth nothing. The transaction will be dropped out by the blockchain. If you complain afterwards to the scammers, they would deny it and claim they sent real cryptocurrency. Whether Nathan Williams, Mike Muntell, Andrew or their imaginary finance department with fake names like Donna Reed, they would blame you for any falsified excuse. You can’t do anything about it because neither them nor the cryptocurrency swamp are regulated. They stole from me 820 thousand USD this way.
(1/5)