EXPERT
SCORE
Matthew Roberts embarked on his journey in the financial industry over two decades ago, starting out as a meticulous accountant at a prestigious firm. His dedication to accuracy and transparency earned him recognition early in his career, leading to several commendations for excellence in financial reporting.
Driven by a passion for fairness and integrity in financial markets, Matthew’s career trajectory evolved as he delved into risk management and regulatory compliance.
When John retired, he founded traderhelpbook.com. His initiative stems from firsthand experiences witnessing the challenges traders face due to misinformation and deceitful practices. Matthew ‘s leadership is marked by a commitment to empowering traders with reliable information and tools, ensuring they can navigate the complex world of finance safely and confidently.
Some Forex/CFD brokers try to convince traders that they are trustworthy because they operate in different regions of the world and hold licenses from regulators in several countries. In our Stonefort Partners review today, we are looking at one such platform. According to information on its official websites, it claims to offer comfortable trading conditions for almost every client. However, users who are aware of how many scam projects appear daily no longer believe such statements without proof. That’s why we decided to check for ourselves: are we dealing with yet another fraudulent scheme or with a company that can actually be trusted? Let’s take a look at the results.
Our first encounter with the broker came in the form of an invitation to join its affiliate program. Representatives of Stonefort Partners contacted us and insisted that it would be almost impossible to find better trading conditions and partner offers elsewhere. Practically every other sentence they emphasized that Stonefort Securities — the company that provides brokerage services — is not just a platform but a whole group of companies operating honestly, transparently, and most importantly, legally. We didn’t doubt them much, but out of habit, we decided to verify the official information.
And there is plenty of such information on the Stonefort Securities and Stonefort Partners websites. To start with, the broker claims to be represented by four companies:
It looks solid, and, more importantly, provides enough data for proper verification. We started with the UAE entity, since Stonefort Partners claims that this is where it all began.
The records of the local financial regulator SCA UAE confirm that a company with the given name is indeed registered in Dubai and obtained a license on July 3, 2024. On the surface, this seems quite impressive, but according to the document, the authorization only covers Financial Consultations, Introduction, and Promotions. This has nothing to do with the provision of brokerage services. To be fair, the company does not really hide this fact. Whether users notice it or not is clearly not their concern.
The Mauritius regulator’s database also contains a record of this firm. Its license was issued on June 10, 2024, granting it the right to conduct all market operations except underwriting.
Verification also confirmed the registrations in Saint Lucia and Saint Vincent and the Grenadines. Of course, there are no licenses in these jurisdictions. The first regulator does not require brokers to obtain permits unless they provide services in the Eastern Caribbean region. The second does not regulate or license Forex/CFD brokers at all — it merely registers them as financial service entities within the country.
It is also worth noting that the addresses listed on the companies’ websites do match those in their registration documents and licenses. However, these same addresses are also used by other firms, which raises doubts about whether Stonefort actually maintains physical offices.
This allows us to assume that the project owners might have simply picked a few firms with similar names (since registry information is publicly available). We were even surprised that there were only four listed, not twenty. After all, according to OpenCorporates, there are at least 30 active companies with similar names worldwide. Each of them could easily pass a registration check, and some would even show licenses — though not always relevant to brokerage. But as with Stonefort Securities LLC in Dubai, that doesn’t seem to bother anyone.
These questions didn’t arise by accident. We compared the companies’ history with data from other sources, and the picture didn’t add up. For instance, the domain stonefortsecurities.com, where the broker’s main website operates, was registered on December 9, 2023, according to Whois records.
However, based on Web Archive snapshots, until July 2024 the site displayed nothing but a “Coming soon” notice. A full-fledged website only appeared after the registration of the Dubai and Mauritius entities. Interestingly, the Mauritius company was registered earlier than the one in the UAE, contradicting the claims made by Stonefort Partners.
As for the domain stonefortpartners.com, it was registered in December 2024. Frankly, we struggle to see why it was even needed. The registrations in Saint Lucia and Saint Vincent and the Grenadines in 2025 also raise questions. They gave the broker nothing: no credible licenses, no wider audience. It is precisely this lack of purpose that makes us doubt whether these companies truly belong to the same project.
What we can state with certainty, however, is that Stonefort’s owners are not opposed to using scam-like methods to build a reputation. Otherwise, how could one explain the fact that out of 14 Trustpilot reviews, nearly all praise the platform excessively? At the same time, experts at WikiFX give the broker a rather low score of 3.05 out of 10 and warn traders to be cautious.
The broker’s trading conditions also raise concerns — particularly the maximum leverage of 1:500. It is offered to all traders except those labeled as “elite.” Company staff are certainly aware that with such leverage, the level of risk — especially for beginners — becomes unacceptable, and the likelihood of losing the entire deposit in the first few trades approaches 100%. Perhaps this is exactly what the broker is aiming for?
Stonefort offers clients trading with leverage up to 1:500. We constantly emphasize that higher leverage provides not only the potential for higher returns but also multiplies the risks. Unfortunately, the main audience of offshore brokers tends to be beginners in trading, who lack the necessary knowledge to properly manage and reduce these risks.
Let us briefly remind you that extremely high leverage (and 1:500 certainly falls into this category) means:
The official website of Stonefort Securities looks quite presentable. The designers chose a dark background to add solidity, structured the page layout with meaningful blocks, and added thematic images. Stonefort Partners is designed in a similar style, with the only change being the main color scheme.
However, the very necessity of creating a second website raises certain questions. Why take the affiliate program content to a separate domain at all? Especially when it is already described in detail on the main site, and all actions of all clients (including affiliate program participants) are managed within a single personal account. Could it be that the owners are preparing a “backup site” in case the main domain is blocked? Is there any reason to expect this?
Our opinion is that instead of developing a second (and still little-known) website, the company’s team should have worked on improving the content of the main one. Yes, the design looks fine, but the content leaves much to be desired:
One could point out many other weaknesses in the content. However, the key issue we want to highlight for traders is the lack of essential information. Yes, additional tools such as an economic calendar or market sentiment indicators are useful, and quality educational materials are certainly a plus. But when a broker does not disclose payment details or explain its commission structure, clients should be alarmed: this usually means the company has something to hide. And no extra features can mask or compensate for this.
As we already mentioned, Stonefort does not provide contract specifications. In general, the broker seems to have serious problems with publishing trading conditions and other critical information. Even on the account types page, there is far less detail than traders would reasonably expect.
As we can see, the company offers clients three types of trading accounts:
On the first two accounts, no trading commissions are charged, while the Margin Call/Stop Out levels are set at 40%/20%. On the Elite account, these protective thresholds are slightly higher at 70%/50%.
Clearly, the information provided is far from complete. Without contract specifications, a trader cannot properly evaluate spreads on the chosen trading instruments (only minimum values are shown, usually for EUR/USD). Nothing at all is said about swaps, which makes it impossible to calculate total costs (spreads + commissions + swaps). Without this, it’s unrealistic to assess the potential profitability of trading.
Another important detail: on Elite accounts the conditions are much better than on the two lower tiers. This is a common tactic among scammers: they lure clients with accounts that require a small initial deposit but come with unprofitable conditions, while the more favorable terms are only available with a much larger deposit. Naturally, clients who suffer losses are persuaded that trading is “safer and more profitable” if they increase their balance. Of course, the fact that such schemes benefit only the broker is never mentioned.
Stonefort seems to apply this same approach. But why would a regulated broker need to use such tactics? We have no answer.
The project owners clearly made an effort to make their customer support appear comprehensive. As mentioned earlier, company details and addresses are repeated almost on every page. In addition, the Support page includes:
On virtually every page, clients can contact company representatives via live chat or WhatsApp. On top of that, the footer contains links to Stonefort’s official social media channels and groups. In short, the company tries to project an image of being fully accessible to clients.
However, things are not as good as they seem. All four of the “official” addresses listed are also used by dozens of other companies. It is clear they are virtual offices rented for company registration in those jurisdictions. We have no problem with this practice — provided the broker also maintains at least one physical office. Unfortunately, in this case, we could not find any.
The company’s social media presence is also underwhelming. For example, since February 2024, Stonefort has posted just 90 times on X (Twitter) and gained a mere 26 followers. On YouTube, over nearly 8 months, they uploaded about 50 videos but attracted only 64 subscribers. This level of activity falls far short of what real regulated brokers demonstrate and reflects the very limited public interest in the company.