BrokersView
Search
Download
English
Sign In

SKY FINANCE GROUP

Save
Sky Finance Group Review - A Global, Multi-Asset Broker

Operating status: SCAM

Website: https://skyfinancegp.com/en/

Broker violations and abnormal records
  • 2022-03-02 BrokersView has reviewed that Sky Finance Group is an Unregulated Forex Broker

    Sky Finance Group claims its foundation in 2016 and has won awards in 2017 and 2018. However, this statement sounds more like false advertising of its reputation as this broker's domain was just created in late 2021. 

    Besides, this broker claims to be authorized and supervised by the US National Futures Association (NFA) with registration number 0537664. We indeed found a matching result in NFA's registry, however, Sky Finance Group is not overseen by the regulator as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) admitted as a "retail forex exchange dealer." Obviously, Sky Finance Group doesn't satisfy these conditions. That means, this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is a scam.

    Sky Finance Group claims its foundation in 2016 and has won awards in 2017 and 2018. However, this statement sounds more like false advertising of its reputation as this broker's domain was just created in late 2021. Besides, this broker claims to be authorized and supervised by the US National Futures Association (NFA) with registration number 0537664. We indeed found a matching result in NFA's registry, however, Sky Finance Group is not overseen by the regulator as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) admitted as a "retail forex exchange dealer." Obviously, Sky Finance Group doesn't satisfy these conditions. That means, this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is a scam.
  • 2022-07-07 BrokersView has found that Sky Finance Group is not working

    On 8 Jul 2022, BrokersView found the domain https://skyfinancegp.com/en/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    On 8 Jul 2022, BrokersView found the domain https://skyfinancegp.com/en/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

I'm looking for new broker to start trading. A friend of mine suggested SKY FINANCE GROUP. However, I've never heard of this broker before. Would you suggest it as a safe broker?

Lebohang
South Africa
2022-03-06
ANSWER Sky Finance Group is an unauthorized broker and should be avoided at all events. Sky Finance Group claims its foundation in 2016 and has won awards in 2017 and 2018. However, this statement sounds more like false advertising of its reputation as this broker's domain was just created in late 2021. Besides, this broker claims to be authorized and supervised by the US National Futures Association (NFA) with registration number 0537664. We indeed found a matching result in NFA's registry, however, Sky Finance Group is not overseen by the regulator since it is not an approved member of NFA. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) be admitted as a "retail forex exchange dealer." Obviously, Sky Finance Group doesn't satisfy these conditions. That means, this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is thoroughly a scam. We would recommend traders to stay away from unregulated brokers like Sky Finance Group and trade with licensed brokers.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.