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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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