Skyecryptofx Review: a Subtle Scam

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Skyecryptofx Review: a Subtle Scam

Skyecryptofx is a platform that is allegedly trading Binary option, forex and cryptocurrency. They have multiple assets at the disposal of their clients. The entity allegedly wants to ensure their clients get world-class treatment.

The platform state that it only works with regulated brokers in the industry. The trading process is executed t a very high speed. Unfortunately, we find it hard to believe that the broker works with licensed companies.

It is hard to trust an offshore venture that operates anonymously. Additionally, they guarantee that you will acquire the cashback of your investment. Skyecryptofx offers education to its clients. The content is available in the form of video, articles and questions.

Moreover, they also feature the latest market analysis. The broker is a waste of time and resources. It has become a trend for scammers to claim they are offering crypto trading services. It is easy to sign up on this platform.

Unfortunately, the company has multiple red flags that show this is a scam. The charts which they feature are suspicious, and it is clear that this entity does not conduct trading activities. The platform is using information and resource that do not belong to them. Review

Skyecryptofx claims that it is conducting mining activities. Unfortunately, no evidence supports this statement. Information regarding the hardware which the broker uses to mine coins is not disclosed.

Critical data is missing from this entity. Additionally, we do not know how the electricity bills and mining cost is shared among the investors. The broker fake its history in the market. The company claims that it has over 15 years of experience.

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It is trading over 1500 digital currencies and EFTs. Additionally, the entity offers three accounts to their clients. They also have 49 currency pairs. Skyecryptofx appears to be a diverse venture that has multiple assets.

Skyecryptofx Review, Skyecryptofx Platform

Unfortunately, the company has proven to be a scam that will display false information to win over clients. Therefore, we do not recommend investors to invest with them. The entity is unregulated and will not offer you fund safety.

Invest with legit forex trading companies that have a history in trading. There is no single report of clients being scammed. Additionally, they are focused on providing an excellent customer experience. Regulated brokers are the best in the industry.

Withdrawal and Deposit

The company fails to disclose the minimum amount that investors can deposit in their system. It a dire mistake when an entity does not disclose a standard amount that they accept. They end up giving different quotation to various clients.

Additionally, Skyecryptofx is accepting funds via cryptocurrencies. There is no other mode which you can pay within this platform. It is important to note that the digital currencies are anonymous, and you cannot issue a chargeback.

Therefore, you will end up making these scammers rich while your pocket runs dry. Withdrawal requests will be handled within five business days. You can cash your funds using Money Gram, Skrill, Western Union, and Wire Transfer.

We are yet to see a client who has successfully withdrawn funds from this shady firm. Skyecryptofx will steal all your earnings. The red flags are there you need to be extra cautious.

Trading Conditions

The entity claims that it is offering the MT4 platform to its clients. The feature of this software is ideal and can be customized to suit the needs of the traders. The trading speed is fast and has a trader calculator.

Skyecryptofx promises investors leverage of 1:500. The company claim to have various regulation document by various financial watchdogs in the market. It is important to note that there is no financial body in the market that allows such high leverage.

You will find the cap of financial watchdog to be around 1:30 at most. They do not have an MT4 as they have indicated in their platform. The dashboard which the entity present is clear evidence that there is no trading taking place

Regulation Status of Skyecryptofx

The platform brags that it is a legal venture that is regulated by Belize financial watchdog. We took our time to search on the website of this regulatory body to verify this information. Sadly, the broker is not featured on their database.

Therefore, Skyecryptofx is lying about their status to the public. The company is targeting innocent investors without knowledge of the market. The platform will not offer traders fund safety. The company markets itself as an international venture that has offices in the UK, Poland, and Spain.

The platform lacks legal documentation to accept funds from the residence of these countries. The broker is most definitely not working with licensed firms. We do not see anything positive regarding this platform that can make investors entrust their funds with them.

The firm also further states that they have a license from the relevant authorities in these areas. The platform is bluffing, and it will say anything in their favour to attract more clients. There is no info of the corporate which manage the activities of the venture.

Skyecryptofx is a risky venture that is suspicious. Chances of this platform being a scam are high and should not be taken lightly. The only guarantee is that traders and miners will lose funds if they believe the narrative of this scam.

Is Skyecryptofx a Profitable Venture?

The answer to this question is NO. The United States is one of the countries that have strict measures when it comes to investment companies. However, Skyecryptofx brags that it has a regulation document from this country.

This is not the only lie that the platform has presented. Many red flags are evident that this broker is a scam. Moreover, you will not make a profit using this entity. The moment you decide to deposit funds that will be the end of it and you will never be able to cash out.

Skyecryptofx does not follow the law, and they can change their terms of service to suit their needs. The platform is not worth your time, and the best thing to do is to perform thorough research on an entity before giving them the benefit of the doubt.

The company does not have a trading platform for its clients. It brings up the questions if there is trading activity taking place in this dirty scam. Moreover, there is no existing feedback from their clients.

Skyecryptofx state that it has been serving multiple traders for 15 years. Unfortunately, their domain name registration dates set them up, and this is a desperate scheme. Furthermore, the platform does not have Terms and Condition page. You will sign up with them blindly without knowing what you are getting yourself into.

Final Verdict

Avoid Skyecryptofx at all costs. The platform claim it has a license from International Financial Service Commission of Belize which turns out to be another fat lie. The company has no intention of generating funds for their clients.

They are unregulated, and the risks that come with this broker are huge. The platform brags that it a five star rated broker that has won multiple awards in the industry. Moreover, it also claims it has various assets at the disposal of investors.

Unfortunately, investors should not believe anything this scam displays. Skyecryptofx is anonymous and lacks transparency. Invest with legit forex trading companies that are reliable and regulated by the authority your funds will be secure in such entities.

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