Sky Financial Services is an offshore company that is offering Forex services to investors. The company is not transparent, and they will steal your money without having mercy. When you visit their website, you cannot suspect them to be a scam.
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The company markets itself as the leading Forex trading service provider in the market. However, trustworthy ventures do not have such characteristics as the one this scam has displayed. The entity is using for the instrument to enter the market. The registration process of this company is tiresome and slow. Some of the links do not even open, and you have to be patient.
The entity is a trading asset like indices, Forex, futures, commodities, Forex, and CFDs. Once you register, you will receive their investment plans. The minimum amount that you can deposit in this entity is $250. They are offering a leverage of 1:200.
Scammers are very sweet with words, and they will make you believe anything is luring you into their doorstep. They will make you deposit money by promising a life-changing deal. Once you take the offer, you will never be able to withdraw your earning. If you try contacting them, they will ignore your calls and share your contact with other fraudsters in the industry.
The company is offering educational services to their customers. They also claim that they have auto trading software to assist you to execute read easily. Their signals will help clients to identify ideal opportunities in the market.
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Sky Financial Services is accepting investors from all over the world. It does not matter what qualification you have; you can try out the entity. Unfortunately, the company has proven not to be reputable, and its business is not legit.
The firm guarantees investors that they are going to make real cash after joining the venture. Their FAQ page has a broken link that did not open. If they are a serious Investment firm, they should avail of all the necessary information.
Moreover, Sky Financial Services does not feature their team or founder. The entity is being anonymously run, which is a red flag. They should show us the qualification that they have to win our trust unless there do not have the expert team that they are bragging about.
The company is based in the United Kingdom. The majority of the Ponzi schemes in the market will lie about their location to win the trust of the investors. The company is an offshore venture that you should avoid.
You can’t reach them using a telephone, email, or live support. However, the entity does not display the information to the public. Therefore, we could not reach them to inquire about their legitimacy.
The corporate that oversees the operation of Sky Financial Services is KBS Markets LTD. This entity is based on Marshall Island, and as we all know, this area does not regulate forex trading. Therefore, when the company is associated with such entities, we do not recommend them to the public.
Moreover, Sky Financial Services claim that the FCA regulates them, and this is the financial regulatory body of the UK, and we visited their website to verify the statement of this entity. However, we found that the number that the company features isn’t registered, but it belongs to a different entity than the one we are reviewing today.
The platform that is registered by the FCA is the Skyfinancial.co.uk. They are almost identical but very different ventures that are not connected. Investors might be confused when such information is displayed; we always advise investors to double-check the fact to avoid becoming a victim of a Ponzi scheme.
Scammers will use any information to confuse investors. They will even display false information as long as they manage to win your trust. Fraudsters are very tactical thieves that have perfected their skills of robbing innocent individuals. Regulated companies offer fund safety to their customers.
Those who are looking for a legit Investment company in the market will never lose money; they will enjoy compensation in case an entity faces bankruptcy. Moreover, these firms also safeguard investors’ accounts in reputable financial institutions.
Available Trading Platform
Sky Financial Services claim that they are using the MT5 trading platform. The MetaTrader interface is ideal for traders and has multiple advantages. The interface has trading signals which you can customize for yourself, financial calendar, among other features. We advise investors to settle with entities that offer either of the mt4 or the mt5 interface.
We tried out the website to see if they are indeed offering this platform. The entity is trading various currency pairs in the market, including the EURUSD pair. They are offering a leverage of 1:200 and a spread of 0.6 pips. High leverage is ideal, and you can get a big win with legit companies. However, it is also important to note that if you lose, the losses can also be equivalent.
Withdrawal and Deposits
Sky Financial Services is accepting funds via VISA and MasterCard. We advise investors if they want to invest in Forex to use the credit or debit card option because you can issue a change back if an entity is a scam. The company is charging a 10% withdrawal fee on every amount that you are cashing out.
The least amount of money that you can withdraw is $250. Investors might also be subjected to a transaction fee of $50. We do not know why this company is charging a lot of money to its customers. There are better entities that process withdrawal free of charge. Once you request to cash out your money, the process can take an average of two to five business days.
Sky Financial Services have unfavorable conditions, and investors should be able to cash out whenever they please. Therefore, this company should either take an approximate of today’s to handle the request. The company is offering a bonus and land deposit fund to their clients.
The majority of the investors might be tempted to take this deal. However, you should note that they are terms and conditions that you have to comply with for you to cash out. In the case of this entity, we do not advise investors except the office. To withdraw your bonus, you must meet at least the trading volume of 25times of the money that you cash in as well as the amount of compensation.
It will be tough to attain this requirement, and it would be better not to engage with the company. When it comes to the safety of your money, you should be very cautious with the entities that you engage with. Trustworthy investment entities will not provide shady bonuses to their client or have and realistic requirements.
Sky Financial Services is a company that we would urge investors to stay away from. Their operation is not transparent, and the firm lacks credibility. You should look for another alternative in the industry to eliminate the possibility of losing funds.
The entity lacks trading history as it has not been in the market for over a year. The possibility of the venture exiting the industry is very high. Invest with legit Forex trading software that can verify their performance.
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