Is stonehavenmarkets.com a Scam?

At FXCanary, our safety evaluation begins with a two-pronged inquiry: first, does the broker hold genuine, verifiable licences from top-tier regulators? And second, what real-world client protections are actually in place — things like segregated accounts, compensation schemes, and negative-balance protection? We cross-check every claim against official registries and industry databases, and we factor in the broker’s track record of user feedback.

We distil these findings into a Scam Risk Score — a numerical snapshot of the likelihood that a trader will encounter foul play. For stonehavenmarkets.com, that score is 55 out of 100, which falls squarely into our 'Elevated Risk' category. This isn’t a verdict of guilt, but it is a flashing amber light that demands a closer, sceptical look at the broker’s credentials. Our role is not to market or to alarm, but to present the evidence as we find it, so you can make an informed decision.

The stonehavenmarkets.com website makes bold promises. On its 'Regulation and Licensing' page, it states the brand operates under a Seychelles Financial Services Authority (FSA) licence and is also a Cyprus Investment Firm (CIF) licensed by CySEC. Meanwhile, a buried FAQ page claims it is 'registered in the UK under the company registration number #08683932.' To any retail trader, this reads like a fortress of oversight.

Yet when we try to verify these claims, the fortress turns out to be a hall of mirrors. Our internal records — fed directly from regulatory registries and direct checks — list no active licences for stonehavenmarkets.com whatsoever. We ran the provided Seychelles registration number (709718501) and the Cyprus company ID (HE 19818009) through industry databases; neither returned a match for an operational investment firm using this trading name. In our experience, a legitimate broker’s authorisations do not evaporate from public records — this discrepancy is the first and loudest alarm bell.

It is possible that the website is a clone, borrowing the appearance of a genuine company, or that it is simply fabricating its regulatory status. Whichever the case, the gulf between what is claimed and what can be confirmed is dangerously wide.

Even if the Seychelles licence were real — which we could not verify — traders need to understand what it actually offers. The Seychelles FSA is an offshore regulator known for a far less demanding framework than its European or Australian counterparts. Brokers here are required to segregate client funds, but there is no mandatory investor compensation scheme to bail out customers if the firm goes under.

In practice, recovering money from an insolvent Seychelles-regulated broker can be a protracted, uncertain legal battle. High leverage — often 1:500 or more — is common, which amplifies both gains and losses. For retail traders, the absence of a statutory safety net makes such a jurisdiction a poor substitute for the layers of protection found in, say, the UK or Australia.

A genuine CySEC licence, by contrast, would be a meaningful sign of safety. MiFID II imposes strict rules: client fund segregation at top-tier banks, participation in the Investor Compensation Fund (up to €20,000 per client), mandatory negative balance protection, and leverage caps on CFDs. These are tangible protections that have real teeth.

Our investigation, however, found no trace of a CySEC licence linked to stonehavenmarkets.com. The company number HE 19818009 does not appear in CySEC’s public register under this trading name. We are therefore forced to treat the CySEC claim as unsubstantiated. In the worst case, it could be a calculated fabrication designed to lure traders seeking the gold standard of EU regulation.

A tactic we see all too often among questionable brokers is the impersonation of a real, registered company. The UK company number #08683932 mentioned in the FAQ corresponds to a genuine business — but that entity holds no authorisation from the Financial Conduct Authority (FCA) to provide financial services. The website leans on the phrase 'registered in the UK' to borrow the credibility of Britain’s business environment, while quietly omitting the word 'regulated.'

This is a classic red flag. Clone firms often recycle dormant or unrelated company numbers to create a veneer of legitimacy. We suspect that stonehavenmarkets.com is either a clone or an entirely unauthorised operation using borrowed credentials. The fact that its claimed regulators do not corroborate its story makes the clone theory the most plausible explanation.

We scoured forums, social media, and complaint boards for independent user feedback about stonehavenmarkets.com — and found nothing. For a broker that claims to be globally regulated and serving a diverse client base, this silence is deafening. Even the best-run brokers attract occasional criticism; absolute silence often signals that the operation has either never gained traction or is deliberately designed to avoid public discussion.

In our editorial experience, a missing digital footprint can be as telling as a flood of complaints. It suggests that few, if any, real retail traders have used the platform long enough to share their experience. Until a credible body of user reviews appears, we treat this void as a safety risk in its own right.

If you are still considering opening an account with stonehavenmarkets.com, we urge you to perform these critical due-diligence checks before depositing a cent:

• Verify directly with regulators: Visit the FSA Seychelles and CySEC websites and search their public registers using the licence numbers the broker provides. If nothing comes up, that ends the conversation.
• Check the domain’s history: A recently registered domain, especially one less than a year old, combined with grand regulatory claims, is a hallmark of a setup designed to disappear quickly.
• Ask for proof of segregation: Request a sample bank letter showing a segregated client account held at a tier-1 bank. Legitimate firms can and will produce this.
• Start with a minimal deposit: If you proceed despite the red flags, never deposit more than you can afford to lose entirely — treat it as a sunk cost until you have successfully made a withdrawal.

Our editorial team has examined every scrap of available evidence, and the cracks are impossible to ignore. The regulatory claims do not withstand scrutiny; the contradictory company registrations point to a probable clone; and the absence of user feedback only deepens our unease. The Elevated Scam Risk Score of 55/100 is not an indictment, but it is a stark warning that the safeguards a trader would normally expect are simply not there.

We cannot label stonehavenmarkets.com an outright scam on the basis of the limited data at hand. But the overwhelming indicators suggest that trusting this broker with your money is a high-risk gamble. Until verifiable proof of genuine, active regulatory status emerges, our recommendation is to avoid this entity entirely and seek a broker with a transparent, ironclad regulatory footprint.