SkyCapital is an unregulated,unlicensed and offshore CFD broker that opened in October 2019. Their main website is at: https://SkyCapital.cc/.
SkyCapital Broker Review – SkyCapital.cc is a SCAM. Do not trust this broker!
For withdrawal problems or complaints, read this.
SkyCapital Broker Review
Investors at SkyCapital are offer a choice of trading platforms, either the Status web-based CFD trading app, or the Forex industry standard MT4 desktop trading platform. Mobile trading can be done with the default MT4 Android & Apple apps from MQL5.
A wide range of underlying assets are available for CFD trading including; Forex Major Pairs, Forex Minor Pairs, Exotic Forex Pairs, Crypto, Metals, Commodities, Indices, and World Shares. Margin rates on $EURUSD was 100:1 and the spread was 4 pips. Minimum deposit for a basic trading account at SkyCapital is $250, and they use XPayz.net as their payment processor.
Like most people, we end up at SkyCapital when we signed up for an algorithm trading app that someone emailed us. You should take a few minutes to learn how real investors use trading signals, see here.
Is SkyCapital a Licensed Broker?
No, SkyCapital is not a licensed or regulated brokerage firm.
Owned and Operated by: Geiko Holdings Ltd, they are located at: Suite 305, Griffith Corporate Center, 1510, Beachmont Kingstown, St. Vincent and Grenadines. Contact phone number is: +442080898145, and the customer support email address is: [email protected]. Further research found that this broker also has a website located at: https://www.skyfinancialservices.co/.
The way that the Scam Broker Investigator reviews a new Forex or Crypto broker to see if they are a scam or a legitimate broker, is by checking for a valid license from any of the government financial regulators. All online brokers must be licensed, by the local government regulator. Using a local licensed broker, ensures that you will not have problems withdrawing your profits.
Compare Licensed Brokers
New investors seeking a new CFD broker have plenty of companies to choose from. Many experienced professional traders have a few trading accounts at different firms, which they use depending on the trading conditions.
Pepperstone is a popular broker, that is licensed by the FCA and ASIC. Pepperstone has the tightest spreads on Crypto & Forex!
Choose from the cTrader, MT5 or MT4 CFD trading platforms, see here. Get a Free Trading Account, signup here.
Existing clients of SkyCapital are invited to share their experience using this broker with other investors, in the comments section below.