StoneX Trading Review Of 2026

StoneX Trading Summary

StoneX Trading Fees

When deciding on a broker, you can save on costs by choosing a broker with tight spreads. To give you an idea of what the spreads are like with StoneX Trading and how they compare with other Forex brokers, Ross Collins, our Forex expert at CompareForexBrokers tested 20 brokers to see how spreads perform over a 24-hour period. For this exercise, we used 6 major currency pairs and then averaged the spread result. By doing this we hoped to nullify variations in better and worse-performing pairs by each broker.

Overall we found that StoneX Trading performed poorly, a lowly 17th of the 20 brokers. To verify our results we did the test again one week later and the results were similar. With an average spread of 1.79 pips, your cost will be $16.52 per lot you trade. This contrasts significantly with what we found in our IC Markets Review which averages 1.03 pips or $9.63 per lot.

StoneX Trading Account Types (UK)

StoneX Trading UK offers two retail account types plus an elective professional tier:

• Standard CFD account (Web Trader): connects to the StoneX Trading Web Trader, the mobile app and TradingView. No minimum deposit.
• MT4 account: a separate MetaTrader 4 account with its own login. It is not the same account as the Web Trader.
• Professional account (Elective Professional): for traders who meet two of the FCA’s three criteria (a portfolio over €500,000, significant trading activity, or relevant industry experience). Professional clients gain higher leverage but lose retail protections, including negative balance protection, with margin close-out at 50% of the margin requirement.

StoneX Trading charges no commission on forex, indices or commodities, where the cost sits in the spread. Share CFDs carry a commission of 0.08% per side (minimum £10) on UK, EU and Asian shares, and 1.8¢ per share (minimum $10) on US shares. An inactivity fee of £12 per month applies after 12 months of no trading activity.

StoneX Trading does not offer copy trading or social trading. There is no ZuluTrade, Myfxbook AutoTrade, cTrader Copy, DupliTrade or proprietary copy or mirror trading tool on any StoneX Trading platform. If copy trading matters to you, a dedicated copy-trading broker is a better fit.

We tested the Execution Speeds and the account opening process for various forex brokers and scored StoneX Trading 8 out of 15. While a dedicated account manager was automatically assigned, the account opening process took days, and establishing an MT4 account required intervention from the account manager.

Use the calculator below to compare StoneX Trading’s trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency.

StoneX Trading ReviewVisit StoneX Trading

StoneX Trading Leverage Structure

StoneX Trading applies the FCA’s retail leverage caps for UK clients: 30:1 on major forex pairs, 20:1 on minor pairs and major indices, and lower limits on shares and other assets. Elective professional clients can access materially higher leverage. The table below sets retail and professional leverage side by side, so you can see exactly where the two tiers differ before you trade.

Risk Management

CFDs are risky instruments, especially when it comes to using leverage. For this reason, StoneX Trading offers various risk management tools including guaranteed stop-loss orders.

While using a guaranteed stop-loss order will increase your costs due to the premium you will need to pay, it does protect you from losses due to slippage.

This differs from a traditional stop loss which is not a fool-proof risk management strategy as during extreme volatility, slippage may occur resulting in losses exceeding an amount set. This happens when a forex broker can’t achieve the price set in the stop-loss order.

Order Types

Compared to other online CFD providers, we like that StoneX Trading supports multiple order types and has the ability to program your entry and exit points. To get some of these features, you will need to be using the StoneX Trading platform.

The most advanced order types offered by StoneX Trading include:

• One cancels the other (OCO), a complex order that combines a stop order and a limit order at the same time
• Guaranteed stop-loss orders, a very powerful risk metric that guarantees no slippage, but comes with an extra cost
• The standard stop-loss orders, limit orders, and trailing stops can be found on the broker’s platform

Guaranteed Stop Loss Orders (GSLO)

Our team of experts felt the obligation to provide our readers with additional information on the guaranteed stop-loss order.

While the GSLO order comes as a handy solution to minimize losses, forex traders need to be aware that it can only be used under certain parameters. The GSLO order can be used as follows:

• Only available for 12,000 instruments and doesn’t include the full range of assets offered by StoneX Trading
• There is a minimum price distance within which the GSLO order can be placed
• There is a premium charged only when the GSLO order is triggered and traders can make changes to the GSLO without paying extra fees. However, this is only activated should the order be turned on.

Margin Call and Margin Close Out System

To help prevent negative balance protection from needing to be activated, a margin call system is also used. When your margin indicator level drops below 100%, you will be notified by email to top up your account balance or close some trading positions. This means you need enough balance in your account across open and closed positions to cover your required margin to hold your position.

Should your required margin fall below 50% a margin, closeout will be activated. At this point, the broker will automatically exit some trading position till the threshold is no longer crossed.

Trading Platforms

StoneX Trading UK gives you four ways to trade: its proprietary StoneX Trading Web Trader (web, desktop and mobile), the StoneX Trading mobile App, MetaTrader 4 (MT4), and TradingView. All four are available to UK CFD account holders.

MetaTrader 4

Like with most forex brokers, we can confirm that StoneX Trading uses MetaTrader 4 (MT4) as its basic trading software. MT4 is the dominant platform used in the forex market and is available on both Windows and Mac devices.

Website browsers

StoneX Trading WebTrader

On StoneX Trading, the standard MT4 platform is upgraded with variable forex pricing and access to all of StoneX Trading’s market analytics. These upgrades, on top of an already well-proven system, give this version of the MT4 platform versatile function while keeping it relatively user-friendly.

MetaTrader 4 WebTrader

The standard MT4 platform is also available for traders to use on their web browsers using WebTrader.

Mobile

Both StoneX Trading Mobile and the MT4 mobile app are ideally suited for traders who are on the move, providing stop-loss orders, watchlists functionality, and Reuters news integration.

TradingView

We like that StoneX Trading integrates with TradingView, a powerful charting platform, and social network which offers traders access to a wealth of tools and information including strategy testers, indicators, and more. We note, that this integration is available to all UK CFD account holders.

Is StoneX Trading Safe?

StoneX Trading has a trust score of 9.5/10, from its regulation, reputation, and reviews.

1. Regulation

StoneX Trading is regulated by the Financial Conduct Authority (FCA), the United Kingdom’s tier-1 regulator, under firm reference 446717. The FCA holds brokers to strict standards designed to protect client money and ensure fair, transparent conduct. Requirements include:

• Good Business continuity and disaster recovery
• Top risk management practices
• Monitoring and oversight of its electronic trading systems (i.e. trading platforms)
• Information security (so your information is secure)
• Anti-money laundering
• An established customer complaint process

StoneX Financial Ltd (Companies House number 05616586), trading as StoneX Trading, is authorised and regulated by the FCA under firm reference 446717. Its registered office is at 1st Floor, Moor House, 120 London Wall, London EC2Y 5ET. The business is part of StoneX Group Inc, a Nasdaq-listed Fortune 100 company.

StoneX Trading and Forex.com: Same Entity, Different Brand

You should know that StoneX Trading UK and Forex.com UK are operated by the same FCA-regulated entity, StoneX Financial Ltd (firm reference 446717). Both brands sit under Nasdaq-listed StoneX Group. The underlying entity is identical, but the two brands target slightly different audiences and offer similar, though not identical, products.

City Index’s UK business relaunched as StoneX Trading, with StoneX announcing the change on 9 September 2026 and retiring the City Index UK brand on 12 September 2026. It is the same firm behind the new name: StoneX Financial Ltd, FCA firm reference 446717, which the FCA register lists with StoneX Trading as a trading name. StoneX says your platforms, accounts and support did not change with the name, and the UK site still offers Web Trader, MT4, TradingView and spread betting. Outside the UK, City Index Australia rebranded to Forex.com in August 2025 and City Index Singapore moved to Forex.com in April 2025, so if you are looking at the broker from outside the UK you will most likely be onboarded to Forex.com. We review StoneX Trading and Forex.com as two separate brokers because they run on different platforms, account structures and pricing, even though the regulated entity is shared.

1. All these requirements include negative balance protection for retail clients, so you cannot lose more than you deposit with StoneX Trading.
2. StoneX Group also owns Forex.com, which is operated by the same UK entity and offers similar products to StoneX Trading.
3. StoneX Trading does not operate in Canada or the USA. Clients in those countries are served by Forex.com instead.
4. The FCA requires brokers to join the Financial Services Compensation Scheme (FSCS). Should StoneX Financial Ltd, the FCA-regulated entity behind StoneX Trading (FRN 446717), go into liquidation, clients onboarded under that entity may be compensated up to £85,000 for eligible investment claims.

2. Reputation

The broker was founded in 1983 in London as City Index and now trades as StoneX Trading. Measured under the City Index name before the rename, the brand drew 6,600 monthly Google searches, ranking 55th among the 67 brokers we analysed. Similarweb data for February 2026 showed a similar position, with the City Index website 49th among broker websites on 149,789 global visits.

Like FOREX.com, StoneX Trading is operated by StoneX Group Inc. (NASDAQ: SNEX), a Fortune 100 company with a 100+ year track record. StoneX is ranked #66 in the 2024 Fortune 500 list of the largest United States corporations by total revenue. StoneX serves more than 54,000 commercial, institutional, and payments clients, along with more than 400,000 active retail accounts across more than 180 countries.

Despite its relatively modest search visibility, StoneX Trading has established a significant operational footprint, serving over 1 million customers globally and employing approximately 800 staff members.

Country, 10 rows.

Country	2026 Monthly Searches	Rank
United Kingdom	3,600	1st
India	880	2nd
Australia	390	3rd
United States	210	4th
South Africa	140	5th
Thailand	140	6th
Singapore	110	7th
Germany	90	8th
Indonesia	50	9th
United Arab Emirates	50	10th

3. Reviews

StoneX Trading has a TrustPilot score of 4.2 out of 5 from 391 reviews.

What other review sites say about StoneX Trading

These are ratings of StoneX Trading from other platforms, read on the date shown and expressed on each platform's scale, so you can weigh them against our own score.

Platform	Rating	Volume	Read on
Trustpilot	4.4 / 5	390	Sep 10, 2026

StoneX Trading holds a Trustpilot rating of 4.4 out of 5 from 390 reviews, checked Sep 10, 2026.

Our score is based on published criteria and is not influenced by these third-party ratings.

Our score for StoneX Trading is set against every other broker on Broker Reviews: Forex, CFDs and Trading Platforms.

Deposit and Withdrawal

Funding your StoneX Trading account is straightforward, and the broker does not charge deposit or withdrawal fees. UK clients can fund an account using the following methods:

• Debit and credit cards (Visa, Mastercard): free
• PayPal: free
• Apple Pay: free
• Bank transfer (BACS, Faster Payments): free
• CHAPS same-day transfer: free from StoneX Trading, though your own bank may charge around £25

StoneX Trading does not charge any fees for deposits or withdrawals. Your bank or payment provider may apply its own charges, particularly for same-day or international transfers.

There is no minimum deposit. You can open and fund an account from £0, although StoneX Trading suggests around £100 to give you room to manage risk. Accounts can be held in GBP, EUR or USD.

It is worth checking the latest funding details on the official StoneX Trading site before making a transfer, as accepted methods can change over time.

Product Range

StoneX Trading offers a broad range of CFD instruments for UK traders. Its product range includes:

• Forex: over 80 currency pairs, including majors, minors and exotics.
• Indices: global indices such as the UK 100, Germany 40 and Wall Street.
• Shares: CFDs on thousands of global shares, allowing diversification across markets and sectors.
• Commodities: metals, energies and agricultural products including gold, silver and oil.
• Cryptocurrencies: not available to UK retail clients. The FCA banned crypto-derivatives for retail traders on 6 January 2021. Elective professional clients may access crypto CFDs at up to 20:1 leverage.

StoneX Trading also provides research tools, including economic calendars, market analysis and live news feeds, to help you make informed trading decisions.

CFDs let you speculate on price movements without owning the underlying asset. One of the main advantages of trading CFDs with StoneX Trading is the ability to go long or short, so you can potentially profit from both rising and falling markets. This is particularly useful in volatile conditions, and StoneX Trading gives you access to a wide range of markets across forex, indices, commodities and shares so you can diversify your positions.

New traders can also benefit from the broker’s educational resources, which include guides, webinars and tutorials aimed at building trading knowledge and confidence.

Customer Support

We especially like that forex traders using StoneX Trading have multiple ways to reach out to the company’s support staff when they need to, including:

• Live chat assistance
• Email support
• Direct phone support

In addition to these methods, traders can also find the answers to a range of frequently asked questions in the FAQ section of the brokerage’s website.

This set of common questions will provide answers and solutions for most issues. When more rigorous support is needed, however, StoneX Trading’s staff is there to help.

Customer Support is available 24/5 ready to answer all your inquiries directly on their website.

Research and Education

StoneX Trading Academy

When it comes to trading education, we think this is a big strong point for StoneX Trading. When you open an account you gain access to an impressive educational trading academy.

StoneX Trading offers retail investors and professional traders hundreds of lessons available at their fingertips. The educational material encompasses a broad range of topics from lessons on how CFDs work and a trading strategy course that is valued at over $5,000.

You can learn to trade with the StoneX Trading Academy and have access to the following types of educational material:

• Understand how CFDs work course
• Technical analysis and fundamental analysis guides
• Trading strategy guides
• StoneX Trading research tool guide
• Expert news and analysis
• Free webinars
• Earnings Report
• Economic calendar

The global research team at StoneX Trading has been awarded multiple times for their level of professionalism. The market analyses that can be found on StoneX Trading are constantly featured in mainstream media (MSM) publications including The Guardian, The Telegraph, BBC, and Sky News.

The weekly forex outlooks and forecasts published every Monday morning at 10.00 am is another insightful tool that will prepare forex traders for the week ahead.

Trader Development Program

StoneX Trading clients can also join the exclusive trader development program if they want to learn from an ex-Goldman Sachs professional trader. The program is run by Tony Sycamore from TECHFX TRADERS, who has over 20 years of trading experience.

The trading strategy course is divided into three main sections and is intended to accelerate the learning curve of a novice trader.

The first section provides an introduction to the forex market and outlines key concepts. This is followed by a dedicated section on the basics of fundamental and technical analysis. The final section focuses on teaching advanced concepts including trading strategies.

To access the trading strategy course, forex traders need to open an account with StoneX Trading and make a minimum deposit.

Final Verdict on StoneX Trading

Overall, we think that StoneX Trading is a solid forex broker which offers robust customer support channels, plenty of insightful educational materials, and a wide range of financial markets.

Being regulated by the FCA in the United Kingdom is a big plus for security, and the backing it receives from Nasdaq-listed parent StoneX, adds further weight to this view.

When it comes to leverage, StoneX Trading’s offering is fairly muted compared to other leading forex brokers. Additionally, its spreads are somewhat uncompetitive.

While we think StoneX Trading offers a lot of benefits to traders, we view these two factors as major disadvantages.

If you’re looking for a low-cost broker, then IC Markets may be more suited to you.

StoneX Trading, formerly City Index, is a UK-only brand, with the former City Index businesses in Australia and Singapore consolidated into Forex.com during 2025.