Skyion Group is based in Norway – a somewhat unusual choice for registering a legal entity, but unfortunately, the firm cannot confirm this. That platform was founded by traders who understand all the needs of clients. Well, let’s take their word for it. Unfortunately, the founding date is not specified, nor are any licenses. What’s wrong with a brokerage organization that hides such important facts about its activity? Let’s try to figure it out in our review, as we need to understand whether the company is safe and profitable or not.
How to Trade
Before starting to trade with Skyion Group, it is necessary to choose one of four types of accounts:
- Standard. Leverage up to 1:50, with no additional services.
- Silver. Leverage up to 1:100.
- Gold. Leverage expanded to 1:200, and includes advanced charts.
- Platinum. Leverage 1:300, swap discount 25%, free VPS, webinars, and assistance from a dedicated personal manager.
Skyion Group provides access to a modern platform adapted for mobile phones. At least, that’s how it is described on the official website. Clients can trade currency pairs, metals, indices, stocks, cryptocurrencies, and commodities.
Skyion Group Vital Info
Before choosing a broker to open an account, it is necessary to study the facts of its activity. One such factor is the period of operation. Unfortunately, Skyion Group does not disclose the exact date of its founding, but we can understand approximately when the platform was launched. The domain registration date of the official website, December 10, 2023, suggests this. It is unlikely to be an old and experienced brokerage intermediary.
The second important fact is regulation. Any broker, including Skyion Group, must obtain a license from financial commissions. However, the company says nothing about licenses, and it is not listed in the Norwegian regulator’s register. Moreover, the legality of the activity as a whole is in question, as the organization is not found in the Norwegian legal entities register. All of this is very suspicious.
I suspect that skyion group is a fraudulent company. It very much looks like a scam: no license, a very young domain, zero reviews on the internet, hidden trading conditions, and so on.
I hardly know any brokers from Norway, but believe my extensive experience, Skyion Group is scamming people for money. There is no such organization in this country, so the specified legal address is definitely fake. How can you trust a company that does not exist? And which deceives you by providing a non-existent address? Obviously, such a broker cannot be trusted with money. The scammers are deceiving you, and you are ready to deposit? That's nonsense. Don't do that.
Find a real intermediary regulated by all financial commissions in Europe. That's where you should trade. Forget about that scam, it doesn't exist, so you shouldn't open an account and deposit money. The activity here is fake – where are you planning to transfer money? Directly to scammers? Save yourself from such nonsense.
So many negative factors about Skyion Group. I agree with them. A friend of mine lost $5,000 here. Moreover, nothing can be done because it is unknown who even created this scam. He did not consult with me, and therefore gave his deposit to some anonymous scammers who tricked him with fake brokerage services.
I wrote them an email to find out the exact size of commissions, spreads, and swaps, because nothing is indicated on their official website. In general, skyiong.com hardly provides any useful information regarding the broker's activity and its trading conditions. I believe this should not be the case. Any company, if it is honest and transparent, will tell the details of cooperation, not hide them.
Moreover, skyion group does not have a license, and the period of operation remains a mystery. Many facts about both the conditions and the company's activity are unknown. It is not normal. Verified and honest platforms do not operate like this. By the way, 10 days have passed, and the support team still hasn't answered me. Apparently, it's also absent here.
It's sad to see such blatant scams stealing money from naive traders. If someone didn't know, Skyion Group is a fraudulent project. It's not the only instance of fraudsters; in fact, there are many such fake sites, I personally have seen more than 10, but in reality, there are hundreds. They are quickly created and also quickly shut down.
Look at the domain registration date, the absence of a license, and then you will understand that you are dealing with a fake pseudo-company.
I took the trouble to check all the registries in Norway, including the financial commission. Skyion Group is not listed there. Therefore, the office address, which is supposedly in Oslo, is actually fake. The platform only appeared in December 2023, but officially it does not exist. In Norway, as I already mentioned, Skyion Group is not registered. So, is it a fake platform? Apparently, yes.
Furthermore, I want to draw your attention to the hidden conditions. It's absolutely unknown whether the conditions are favorable or not because we do not know them. It's better not to take the risk.
I want to warn everyone, IT’S A SCAM! Don't fall for the trickery and fake platform. Then you will be safe. You won't lose your money.
Even reaching out to the scammers is impossible… the fraudsters simply appropriate your money for themselves… in your personal account, you have drawn numbers on your balance… they are fake… and in reality, you don’t have money, you gave it to the creators of the Skyion Group scam…
My story of cooperation with the broker is more sad than joyful. I did not like trading with Skyion Group. The managers seem to be absent, they do not help or give advice. Although this is a usual practice for any brokerage company. Moreover, the spreads constantly jump. It seems you start trading – everything's okay, adequate spreads, but over time, it suddenly becomes 2-3 times higher, and because of this, the position closes at a stop-loss. It's simply impossible to trade profitably this way. And I also want to complain about the platform, which works poorly here. It's also too primitive and is only suitable for opening and closing positions. I did all the analysis of the charts on tradingview. And here I just opened trades. In general, I don't recommend it, although some may like it.
Three weeks ago, I found myself in a fraudulent trap called Skyion Group. Why is this firm a scam? It's very simple! These scoundrels won't let me withdraw money. I deposited $2000, then lost $500 due to unfavorable conditions on their platform. I wanted to get back the remaining $1500 because I knew that there was no point in trading further, it was senseless. But there's a problem with withdrawing money because it doesn't work. The scammers are silent, not allowing me to withdraw funds. So you should know about this scam to avoid getting into it like I did. If I could turn back time, I would definitely not trust such fraudsters and criminals!
To understand the situation. Spreads from 5 points and more. The trading terminal is complete trash, with huge commissions. Few instruments. Not profitable! Also, very long order execution. Sometimes I had to wait 5-10 seconds.
Say good by to your cash. I did and a little more than you.
I feel ashamed that I got sucked in but hey I might have helped the Ukraine army with their funding drive. At least I did read that companies, if you want to call them that, are setup to accomplish this task.
And I really do not support that which is going on over there.
Can you tell me how long the withdrawal process takes at Skyion Group? The thing is, it's been over a week since I submitted a request, but the company has taken no action. I even wrote to them several times, but there was no response. What can be done in such a situation?
There is zero doubt Skyion is a scam. The internet advertising which is holey untrue and designed to rope in its clients exists till this moment in time. They use a BNN journalist as the front person and to legitimize the con.
They bring you in with a minimum $350 investment making you believe that it makes money for you instantly without a whole lot of screen time. Not long after another individual contacts you with a great trade upcoming and they proceed to encourage more investment dollars be added to the account. Keep in mind that these people disguise their phone numbers on call display sometimes as other legitimate companies.
Although their platform allows you to make money you quickly realize that trying to get it out is a huge tangled mess that involves opening a crypto account with one company and then opening a crypto wallet with another company. In my case opening a crypto account was a perilous chore. It seemed my advanced age was a factor in the process so consequently never happened. To top it off the security questions you were to answer, to open the account, were in fact lies to some that were encouraged by Skyion. Another factor that plays into your potential loses are the swap fees. That was never explained fully and once you are into trading, BTC for example, they are hundreds of dollars per day and thousands going over a weekend. When you enquire about those hefty fees they encourage you once again to deposit more money in order to elevate your standard account to a silver account which in turn decreases the swap fees.
I gave up when the adviser I was dealing with disappeared. His replacement once again needed my life story and was again encouraging me to 'develop' my account with more cash injections. I told him to go fuck himself.
I kissed off the money and left a bad BTC trade to consume, by swap, the account to zero. Never got one dime from them after numerous promises. Its amazing that you can put cash in but they will not provide cash out. It would be so easy but you realize its a scam when you have to jump through the cryto hoops to get anything, IF YOU ARE LUCKY.