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Sky Trading Fx

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Operating status: SCAM

Website: https://skytradingfx.com/

Broker violations and abnormal records
  • 2023-11-30 The UK FCA issued a warning against Sky Trading Fx

    On 1 December 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Sky Trading Fx was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/sky-trading-fx

    On 1 December 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Sky Trading Fx was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/sky-trading-fx
  • 2023-12-06 BrokersView has Reviewed that Sky Trading Fx is an Unregulated Broker

    Sky Trading Fx claims to hold an AFS licence, issued by the USA Securities & Investments Commission, but there is no regulatory agency in the United States called the Securities & Investments Commission. To operate as this type of broker in the United States, a company must be registered with the Commodity Futures Trading Commission (CFTC) and to be a member of the National Futures Association (NFA). Sky Trading Fx is not listed among the members of the NFA. It is a red flag.

    The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Sky Trading Fx was providing finacial services or products without authorisation.

    The truth is that Sky Trading Fx is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    Sky Trading Fx is a scam.

    Sky Trading Fx claims to hold an AFS licence, issued by the USA Securities & Investments Commission, but there is no regulatory agency in the United States called the Securities & Investments Commission. To operate as this type of broker in the United States, a company must be registered with the Commodity Futures Trading Commission (CFTC) and to be a member of the National Futures Association (NFA). Sky Trading Fx is not listed among the members of the NFA. It is a red flag.The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Sky Trading Fx was providing finacial services or products without authorisation.The truth is that Sky Trading Fx is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Sky Trading Fx is a scam.

Related Complaints

Q&A

Does Sky Trading Fx regulated or not?

Joseph Turan
Guyana
2023-12-13
ANSWER No, Sky Trading Fx is not regulated and appears to be a fraudulent trading platform.Sky Trading Fx claims to possess the AFS license issued by the Securities and Investments Commission. However, it incorrectly states that this authority is in the US. There is no such named financial authority in the US; only Australia has a Securities and Investments Commission (ASIC). This discrepancy significantly raises suspicions that Sky Trading Fx is a fraudulent company. Furthermore, the UK's Financial Conduct Authority (FCA) has issued a warning against Sky Trading Fx, confirming that it is an unauthorized firm in the UK, which further substantiates this entity's illegitimacy.Therefore, by trading with Sky Trading Fx, investors would expose themselves to potential fraud and identity theft. To avoid such risks, it is recommended to steer clear of unlicensed brokers and instead choose those that are fully regulated and have solid reputations.
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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.

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