Skilling (Skilling.com) is a CFDs and Forex fraudulent broker that must be exposed. This broker claims to deal with CFDs, Forex and Crypto Currency. All newbie traders and Forex investors are warned not to sign up. Complaints have been sent to us by users who have lost money with this broker. Note that we feel it’s our duty to protect all investors from fraudulent brokers. Here’s the truth about Skilling.
What scammers are good at is come up with claims and promises that are hard to refuse. Another thing that scammers take advantage of is the fact that we all need to make an extra buck. They claim that they can easily make this happen and all investors have to do is sign up. Folks, don’t be enticed by this broker as we will reveal all their dirty secrets. This review is meant to open your eyes from fraudulent Forex brokers.
These scammers have come up with an eye-catching website that’s easy to look at. And the reason we are up against this broker is the fact they are stealing from investors. Some of the claims that they have include giving users a platform to trade in one place. They also claim to trade in stocks that have been listed in NSE and SSE. Read this review to find out the whole truth regarding this scam broker.
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Disclaimer at the bottom of the page claims that this broker is owned by Skilling LTD. This company previously went by the name of Finovel Cyprus LTD. They fail to disclose the reason why they changed names. We strongly believe that the latter was also a scam brokerage firm and thus they changed names. Changing of names is not a big problem as to the reason why they did it, they got caught.
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Another disturbing detail as to why this broker is suspicious is that they fail to mention the real owners. Who is the CEO or CFO of Skilling LTD? Why have this broker failed to mention at least the name of one person behind this company? The real reason why they don’t mention the names is to avoid backlash from victims and authorities. These scammers know that we will check social media platforms to validate owners of brokerage firms.
Skilling is not licensed or regulated by any authority body that we know. What these scammers have done is post fake claims to make the brokerage appear legit. These brokers claim to be licensed and regulated by the Cyprus Securities Exchange. Folks, this is simply a ploy to try and make people sign up with them. If they have been licensed, where are the registration documents?
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Claims of having a license number are also not true. They have simply posted a random number to fool unsuspecting Forex investors. Licensing number they have used is No. 357/W which is a random number. CySEC does not use this kind of algorithm to license and register brokerage firms. What this means is that we are dealing with an unregulated and unlicensed broker. Opening an account with them is begging to lose money.
Skilling offers users two account types to choose from. These accounts are Standard and Pro Premium. With a standard account type, users get maximum leverage of 30:1 with Micro lots. Minimum deposit required to trade with a standard account is $50. Folks, this is simply way too low considering the industry accepted minimum deposit of $250. And this is clear proof that we are dealing with low end scammers.
Pro Premium account holders also get the same maximum leverage of 30:1. These account holders also get a commission on Forex of about 0.004% on nominal value traded. Minimum required deposit to trade with this account is $50, 000. These two accounts are similar in every way except depository requirements.
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What Skilling got right was covering how users can easily deposit with their platform. With this brokerage firm, you can make deposits using various channels available for users. These include Visa, MasterCard, Neteller, and Skrill. This is not a reason to sign up with Skilling, there’s more than meets the eye with this broker. After you deposit that’s when all hell breaks loose. Continue reading this review to find out more.
Withdrawals are what the biggest red flag with Skilling is. Completing withdrawals has been a problem all users have faced with this broker. Complaints we received all had one thing in common, no user was able to withdraw money. How comes users cannot withdraw money with this broker? A reason that this broker is giving members is that they have failed to reach the acceptable trading volume. This is simply a ploy to keep members’ funds.
Funds are never safe with an unlicensed and unregulated broker. What this means is that security of funds is not guaranteed with this brokerage firm. What we found out will without a doubt shock you. This broker does not disclose their depository bank. Where are they keeping money deposited by members?
Did you know that users maybe depositing money straight to the owner’s personal bank account? This broker is pooling funds in one account which is a dangerous practice. Segregation of funds is not being adhered to with Skilling. Another major red flag with this broker is that they don’t participate in a compensatory scheme.
Another problem that we spotted with Skilling is that they don’t have a live chat support team. This means that users don’t have a one on one conversation with brokers. What users get instead is a bot which is not reliable. This means users are not a priority to this broker.
Skilling is riddled with fake claims that are simply not going to help anyone. One claim that is not true is that they offer a trade assistant? How do they do this when you can’t even get a live chat support? This is simply a professional scam outfit.
Evidence clearly shows that we are dealing with a broker who simply wants to get people to sign up. Make sure you ignore all their claims and empty promises to sign up with them. Only way to stay safe is marking all their emails as Spam. Also, never click on any links sent by them as they contain malicious information. This brokerage firm is also a front for hackers to steal personal data and Credit card information.
Concrete evidence leaves us with no other option but to add Skilling on our Forex broker blacklist. Make sure you warn your friends and relatives from signing up with this broker. All things said and done, we hope that the site will be brought down.
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We wish you all the best in your Forex trading.
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