Stonewell Finance has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 0046 8525 00210, fax 0046 8506 36201
Addresses: Solna Standvag 78 Stockholm Sweden This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.stonewellfinance.com.
I referred a friend to Stonewell Finance through my accountant's suggestion. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Segregated accounts|Risk management tools|Personal attention|Real-time alerts
Cons: Nothing significant|No crypto staking
The hidden fees at Stonewell Finance are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Personal attention|No hidden fees|Dividend tracking|Social trading features
Cons: Live chat only during business hours
If you are reading this considering Stonewell Finance - run. I wish I had read more negative reviews through a financial advisor. I thought the positive ones were real. Maybe some are. My experience over for just over a year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Competitive fees|Low minimum deposit
Cons: Account statements could be more detailed|Some tools only available on higher tiers
The mobile app from Stonewell Finance is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Competitive fees|Segregated accounts|Clean UI
Cons: Email notifications too frequent|Some tools only available on higher tiers
The reporting at Stonewell Finance is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Copy trading available|Helpful community forum
Cons: Onboarding videos are outdated
Stonewell Finance has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Competitive fees|Dedicated account manager|Real-time alerts
Cons: Would like more payment methods|Charting tools need more indicators
I joined Stonewell Finance from a blog post comparing services and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Stable platform|Transparent fees
Cons: Research section could be deeper|Wish they had more educational resources
The so-called education at Stonewell Finance is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for a few weeks now thinking they would help me learn.
Pros: Low minimum deposit|Real-time alerts|Instant funding|Good mobile app
Cons: No integrated tax optimization|Withdrawal takes 1-2 business days
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Stonewell Finance recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Great customer service|Fast deposits
Cons: Inactivity fee applies after 12 months|Minimum deposit could be lower