SkyShell Trading is a UK-based internet trading broker that is owned by Sky Shell Trading (this is a clone company that will be discussed below). Their phone number is +447868740261, and their email address is support@skyshelltrading.com. You may access their website at skyshelltrading.com (not active at this time).
Is SkyShell Trading a Licensed Broker?
SkyShell Trading advertises itself as being regulated and would love to be. According to reports, the business is situated in the UK and operates there with an FCA license under the name Sky Blue Wealth Management Ltd.
Additionally, despite the fact that this business is legitimate and subject to FCA regulation, it is unrelated to broker Skyshell Trading.
According to rumors, Skyshell Trading is legal and is governed by the FCA. But if you look a little closer, you’ll see that Skyshell Trading is actually a clone company that operates without any sort of license and may have a location anywhere in the world.
Why Should Not You Trust an Unlicensed Broker?
When a broker is unregulated or is regulated by a body that is not in your country, you have little to no legal remedy if your money is stolen. If there is theft, complaints can only be filed if the broker has a license from the regulatory body in your country.
Can SkyShell Trading Be Trusted?
No, after being a clone company and not regulated by any real organization, this platform cannot be trusted. It is advised not to invest any funds using this platform or don’t respond to any calls or emails from their side. If you received any response such as this, please contact with authority to report it.
Warnings From Financial Regulators
Skyshell Trading is one of the numerous fraud brokers that have been banned by the Financial Conduct Authority, the UK’s regulatory organization that governs financial markets (FCA). The broker was identified by the FCA as being a duplicate of Sky Blue Wealth Management Ltd. in more detail.
What Do Traders Think Of SkyShell Trading?
After doing some research on online trading forums and social media sites like Facebook, Twitter, and Instagram, a common thread of people’ dissatisfaction with SkyShell Trading developed. According to this customer feedback, SkyShell Trading does not seem to be a reliable broker, hence extra caution should be exercised before making an investment using their brokerage platform.
Platform Offered by SkyShell Trading
We have searched all around for the Skyshell Trading platform so that we can determine what rights the clients have. But none appears to exist. You will be given the opportunity to invest in a financial product that closely resembles binary options and promises rewards, but you won’t get MT4, MT5, or even a WebTrader.
In essence, having a broker account without a platform is useless and pointless.
Country Serving by SkyShell Trading
As you might have guessed, the Skyshell Trading fraud mostly affects British nationals. Others won’t fare much better, though, as this company lacks a license and provided no accurate information on the owner or the terms of any trades.
SkyShell Trading Range of Trading Markets
Skyshell Trading positions itself as a cloud broker that allows investing in cryptocurrencies. Commodities, stocks, and cryptocurrencies are the three primary trading instruments.
We’re unaware of how the process works because there isn’t a real platform.
Minimum Deposit and Withdrawal Terms of SkyShell Trading
We are dumbfounded after reviewing the broker’s Terms and Conditions. The $100 minimum deposit required by Skyshell Trading is for a package that is good for seven days.
In addition, the corporation will charge you an additional 10% principle tax if your withdrawals total more than $15,000. Not to add that everyone is eligible for a 100% Skyshell Trading bonus, but you must refund it immediately from your first profit.
Beware of InstaForex scam with offshore entities. Furthermore, you should beware of Antrush and FxSway scams.
Ways to Make a Deposit
There is only a limited number of cryptocurrencies, including Bitcoin, Ethereum, and Tether, that may be used to finance your Skyshell Trading account.
Victim of SkyShell Trading Scam? Report Your Story To Us.
If you are a victim of SkyShell Trading scam, report your story to us. We will evaluate your story and will contact you to let you know the ways how to get your lost money.
