StoneX (FC Stone) Review
StoneX Merchant Solutions is the business payments arm of StoneX Group. It moves cross border payments for companies, not retail forex trades.
Min Deposit
N/A
Spreads From
N/A
Max Leverage
N/A
Platforms
4
Pros
- Backed by StoneX Group, a large NASDAQ listed financial services firm
- Moves payments in more than 140 currencies across over 180 countries
- SWIFT accredited service bureau with 385 plus correspondent banking links
- Group roots trace back to 1924, giving it a century of market history
- Partners with Treasury Intelligence Solutions for corporate FX tools
Cons
- Built for business and institutional payments, not individual retail traders
- No public retail pricing, since quotes are negotiated per corporate client
- Licensing sits across several StoneX entities, which can confuse newcomers
- Signing up requires a business relationship, not a simple online account
StoneX Group Inc. traces back to 1924, when Saul Stone started a commodities trading firm that grew into FCStone, then INTL FCStone, before the group took the StoneX name in July 2020. Its Merchant Solutions, or Global Payments, unit sits inside this large, NASDAQ listed financial services group.
This unit helps companies, financial institutions, nonprofits and government bodies send cross border payments in more than 140 currencies to over 180 countries, using 385 plus correspondent banks as a SWIFT accredited service bureau. Since 2023 it has partnered with Treasury Intelligence Solutions on FX tools for corporate treasury teams.
Payments run through separately licensed entities such as StoneX Payment Services Ltd, which holds US state money transmitter licenses including Florida and Georgia, while the group's futures arm, StoneX Financial Inc, is CFTC registered and an NFA member. As a business to business service, it has no retail minimum deposit or leverage to quote.
Regulators
Platforms
- NFA (USA)
- CFTC (USA)
- FCA (UK)
- ASIC (Australia)
- CySEC (Cyprus)
