Stonefort claims to be authorized by Capital Market Authority (CMA), UAE. However, while a licence under the stated details does appear in the official UAE CMA register, the registered website domain associated with that licence does not match the website currently used by Stonefort. This mismatch raises serious doubts about whether Stonefort is genuinely operating under the claimed authorization. Moreover, Stonefort does not provide any additional verifiable licensing information or clarification regarding this discrepancy. Until the firm can demonstrate that its current website and operations are explicitly covered by a valid licence, we assess Stonefort as likely unlicensed or potentially fraudulent. Therefore, Stonefort appears to be a scam.