SkyFx Review

Is SkyFx a scam or legit broker? Read SkyFx Review

SkyFx is an offshore or unreliable broker which is not regulated by any reputed regulation authority in its region. This broker offers trading and investment services in many countries without having a license from any regulatory authority in its country like CySec, ASIC, FCA, CNMV, etc. The broker got many Complaints and negative SkyFx reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with this broker.

 Website – https://skyfx.co.uk/

 Address – 2-4 Great Eastern St, Hackney, London EC2A 3NW, United Kingdom

 Warned By – Not Recommended By Review Website Like Report Scam

SkyFx Trader is a non-regulated trading firm. Investors face significant risk, as there will be no remedy if the business collapses or a client is defrauded. Additionally, as no legal broker or investment firm may offer their services without a current license, you should consider it a warning sign.

Some people became victims when they unintentionally gave scammers their contact information, and the con artists managed to persuade them to send substantial quantities of money. Before making any transactions, investors are urged to conduct a comprehensive study of any forex company.

We have looked up the contact information for the firm’s officials but to no avail. It implies that such criminals are very anonymous. They can steal your money at any time and vanish completely.

You should steer clear of investing firms without a physical presence or obvious ownership information. Based on our observations of this firm, we can confidently conclude that doing business with them will probably end in a financial loss.

Possible scam activities of SkyFx

Forex trading scams, Binary OPtions trading scams, Cryptocurrency trading scams and other investment trading scams are harder to spot. But there are some signs.

Here are some of the very possible reasons why we have flagged this broker as a scam broker in this SkyFx review.

• The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
• The broker makes continuous calls to the traders and urges them to invest higher and higher amounts.
• The broker may have made a number of false claims through its website.
• The broker promises returns that are too good to be true.
• The risk warnings may not be disclosed on their webpage or would be hidden.
• The broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes the name and website URL without any notice to existing traders.
• The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are havens for scam brokers.
• This broker provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals, and ultimately you are not able to make a withdrawal.

Negative SkyFx Reviews and Complaints

SkyFx has got many negative reviews and traders who traded with this broker have raised many complaints against it. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed this broker in the list of scam brokers 2023.

Example of Negative SkyFx Review

After Searching internet you will find many negative SkyFx Reviews. Users have frustrations and feel cheated after trading with this broker. ReportScam does not recommend traders to trade with this broker and your funds may not be safe with this broker and SkyFx reviews are negative. Instead we recommend looking for regulated and reputed brokers who can really help in growing your investments.