Skycapital.cc Review: Sky Capital Scam? - Topedgefx.com

Skycapital.cc Review: Sky Capital Scam?

Skycapital.cc is a broker that offers “cutting-edge” investments.

With their 3 account types, traders can start with a minimum of $250, $2,500 or $20,000 respectively.

Trading can be done across instruments such as Forex, Commodities, indices, Equities, Future and FX Options.

Leverage starts at 1:200 for the 3 account types.

However, if traders would like ECN trading conditions, Sky Capital insists that they should fund their account with at least $25,000.

A Skycapital.cc ECN account comes with leverage of up to 1:100. Spreads are floating.

For the VIP account, minimum deposit is $100,000. Spreads are adjustable.

And of course Sky Capital broker also wants to take care of traders of the Islamic faith by creating an account that complies with sharia law.

Leverage for this account is 1:200. Spreads are +10 EURUSD. No swap fees.

Deposit bonus is from 30% all the way to 100%.

Deposits and withdrawals can be done by MasterCard, Visa, Bitcoin, Neteller, Skrill and Piastrix.

skycapital broker review
Skycapital broker

Sky Capital is operated by Geiko Holdings Ltd and they’re based in St. Vincent and Grenadines.

This is according to their marketing materials.

Is SkyCapital.cc broker legit?

Sky Capital operates from an offshore location where brokers are notorious for stealing funds of their investors.

The reason they convince traders to deposit funds with them is because the brokers often have more attractive features than even the most popular and well-regulated brokers.

This broker attracts new traders using education, auto trading and signals services.

Furthermore, SkyCapital.cc has the legendary MT4 trading platform but it appears that the broker is heavily marketing their in-house Status Webtrader software.

Should you trade with SkyCapital.cc broker?

I fear for those who intend to make a deposit with the broker.

Their website is attractive and persuasive.

This is the norm in this industry as attractive broker websites can be found in nearly all offshore brokers websites like Fox Markets.

I wouldn’t invest with an off shore broker that does not hold any valid Forex brokerage license.

That would be like throwing your money away. No matter how attract their features are, this would still be a toll order.

Conclusion

This broker is owned by a company that owns multiple other entities, some of which are dubious.

Therefore, Sky Capital does not qualify in the least of safe brokers to trade with.

Very soon, the FCA will announce on their website that this broker is potentially a scam.

They’ve not built any reputation yet. But you can see that their website is already asking for a big deposit.

This is a trend commonly followed by scam brokers. Stay away from SkyCapital.cc.

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