Scam or Legit? An Honest Review of Sky Markets' Forex Services
Sky Markets is an online trading platform accused of being a scam broker for numerous traders. This review will explore the claims made against SkyMarkets and why you should avoid doing business with this broker.
Is Sky Markets a Licensed Broker?
One of the giant red flags associated with SkyMarkets is that it is an unlicensed broker. The company claims to be based in the UK but does not have a license from the Financial Conduct Authority (FCA). This lack of regulation should be a significant cause for concern for any trader.
Why Should You Not Trust an Unlicensed Broker?
Unlicensed brokers are not subject to the exact regulatory requirements as licensed brokers. This means that they can operate without any oversight or accountability, making it easier for them to engage in fraudulent activities. Unlicensed brokers are also more likely to disappear with your funds, leaving you with no recourse for recovering your money.
Can Sky Markets Be Trusted?
Since Sky Markets is an unlicensed broker, it is difficult to trust the company. There have been numerous reports of traders losing their investments and being unable to withdraw their funds from the platform. This lack of transparency and accountability is a significant concern.
What Do Traders think About Sky Markets?
Traders with experience with Sky Markets have reported various issues, including difficulty withdrawing funds, unresponsive customer service, and manipulation of trades. Many traders have also noted that the company uses aggressive marketing tactics to attract new clients.
Scammed by Sky Markets? – Talk To Our Experts
If you have been scammed by Sky Markets or any other unlicensed broker, seeking help from experts who can guide you through recovery is vital. Our team of experts can provide you with the advice and support you need to take action against fraudulent brokers and recover your funds.
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