The company claims to be regulated in 15 countries, including the UK, Singapore, and Denmark. In addition, the web resource contains a scanned copy of a license allegedly issued by the British supervisory authority FCA. Finally, the intermediary claims that clients’ funds are kept in segregated accounts. However, this brokerage organization is not listed on the FCA’s public register.
Does this platform offer complete safety, legality, and the opportunity to earn money for everyone, as its owners write? You will find out from our Skylar Trade review, in which we will check important aspects of the broker.
How to Trade
The brokerage firm offers traders to work on an unknown terminal that has “won many awards”. The advantages of the broker do not end there. The list of its features includes:
- More than 65,000 instruments.
- 4 types of trading plans.
- Minimum deposits from 250 to 1.2 million euros.
- Bonuses and affiliate program.
You can trade futures, bonds, ETFs, and other assets. The broker specifies commissions for each product.
Additional services include trading signals, managed portfolios, and educational materials. Active traders get access to international experts.
Skylar Trade Vital Info
The broker reports the operation of its service for more than 5 years, which is indirectly confirmed by a copy of the FCA license, the date of issue of which is October 2019. In addition, the firm indicates such figures as 820 thousand satisfied clients, daily transactions worth over 20 billion euros, etc. However, this beautiful picture of a successful business is not confirmed by financial reports or other official documents. Besides, the domain was created only in January 2024, which contradicts the claims about the company’s long operation and its success statistics.
The location of the company’s headquarters, which is allegedly registered in Australia, is also not disclosed by the owners of the platform. According to the Terms of Use, its operations are governed by the laws of the UK. Note that in the copy of the British license posted on the site, the company Skylar Consulting Ltd appears, which is in the UK registry, but its connection with the hero of our review is not traceable. Moreover, this company is not on the FCA register.
I decided to fund my account, sent money, and it never arrived. Then followed long and tedious proceedings with technical support, with the security department of the broker, with my bank. I had to make a lot of certificates and write a lot of letters. The money arrived to my skylar trade account three weeks later! The administrators did not remove the commission as an apology, but I was outraged by the very fact of such a bad service! I believe that a broker should not enter the market so unprepared. I will be forced to part with this company.
Good thing I have a sad experience with brokers and I check the sites for their credibility every time. Skylar-platform.com is scamming its customers with a fake license and in fact your money will not be protected here. If you don't believe me then go to the FCA website and check, you will see that this intermediary does not have a license
I was one of those fooled by this fake company. I “gave” them $1,600, having succumbed to the persuasions of the broker's representatives. I must admit that Skylar trade professionally fools its clients, they competently “work” with distrustful traders. A chatty manager convinced me to open an account on this platform, he told me about the high percentage of profitability and small commission and promised a big profit... I was inspired by the fact that trading was immediately successful... And then, when I decided that it's time to “see in real life” the money I earned, the login to my account was blocked immediately after I made a withdrawal request. The manager and technical support do not contact me, my e-mails are ignored by the broker. I lost any hope to get my money back :( as three weeks have already passed.
I did not get any pleasure from cooperating with this organization! I expected to find a reliable trading terminal, honest service policy, and reasonable commissions for a $20,000 deposit at Skylar trade, but instead, I got the complete opposite. I thought that with such a large investment I deserved a more attentive attitude from the broker, but it was just an illusion!! You should agree that clients deserve respect, especially if they are willing to invest generously in the company. However, I never managed to make a profit here as the software is unstable and the commissions for each order made eat up any possible profits. I advise managers to be more responsible and caring towards clients, otherwise the reputation of this company will only deteriorate.
To summarize my story: I could not withdraw the profit I made here in 4 months and my deposit, so I ended up losing about €6.7k.
Bypass SKYLAR TRADE!!! This broker will not help to solve your financial problems, but will bring them even more!!! I wanted to make money and actually lost about $6,900.
The intermediary provides very good trading conditions and a quality terminal. The company's employees are as friendly to beginners as possible, which makes this service attractive for those who are just starting their way in trading. However, there are a few drawbacks. For example, there are high commissions, and the withdrawal process sometimes takes a few days, but you don't have to worry, as the money will end up in your pocket anyway. Overall, SKYLAR TRADE is not a bad option for those who are looking to trade on the market with a variety of assets. Meanwhile, you should consider the mentioned disadvantages when deciding to open an account on this platform.
Do not work with these crooks! Absolutely not! This company lies about itself in absolutely everything! Scammers write about themselves all very beautifully on the site, but in fact, there are zero benefits! The platform works very slowly, the terminal freezes constantly and disconnects. Developers make some updates that are not announced in advance, but just put you in front of the fact, disrupting deals.
I saw that this is a scam, there is a good start and then you have to pay huge amounts for services. In the end I deposited €750 and withdrew nothing. Don't believe such scumbags...
I would like to share with you my story of cooperation with skylar trade, perhaps it will be a lesson to someone or will save you from the financial losses that I had. I would like to note that everything started in a standard way: I registered and made a deposit. I didn't even realize that it could be some scammers. Trading went very well at first, I made profitable deals, all orders were executed quickly and I was satisfied. I started to notice the red flags only on the second week of trading, when my account began to write off money for unknown fees, but I did not pay much attention to it, and then I began to be confused by the fact that the trading platform started to slow down and authorization in my personal account too. When I made a request for withdrawal of funds, then finally everything went to hell - here the broker dropped the mask of a decent company. The administration zeroed out my deposit and limited my access to the account. At the time of the withdrawal request, I had about 38,450 dollars on my account, 25,000 of which were my investments. I'm not going to leave that kind of money to the broker, and I'm now looking for methods to withdraw my funds, but unfortunately, I won't be able to get back the lost time.
I regret believing in this SCAM!!! Skylar trade representatives were very nice to me and I was charmed by their promises. However, they changed the trading rules after two weeks and asked that I deposit another $2,000. I explained that I didn't have that kind of money. The managers became aggressive, they threatened to block my account and soon carried out their threats.
I should have been vigilant and attentive when researching the platform, even at the registration stage, while I had my money in my bank account. It turned out to be a fake broker that has deprived many traders of funds due to scams. When I deposited 11,000 dollars into my account, I had no idea that I was facing such scoundrels. On the contrary, I wanted to invest more and I tried to make money. Skylar trade gave me a few days to work with the minimum deposit amount, and then started to persuade me to deposit more money to trade on BETTER conditions. But as soon as I refused to deposit money, my account was immediately blocked. Now my money is left with these scammers and no one can help me. It was a cruel lesson, but now I realize that I need to be more careful and check the reputation of the broker before depositing any funds.
The terminal is very unstable. I understand that the broker is young and it has been on the market for a short time. However, guys, if your platform is so poorly developed and the whole system is not thought out to the end, why did you even start working with clients? There are some malfunctions all the time on skylar-platform.com, logging in to my personal account is not always done the first time. Sorry, but I don't recommend it.
This broker provides very valuable educational courses! I have used educational services from reputable brokerages before, but trust me they were not as informative as here. If you have worked with other brokers before, you will definitely realize what a high level of service Skylar Trade has! It will be immediately clear to you that this firm receives liquidity directly from major financial institutions :) Here the quotes are clearly updated and the terminal works perfectly. I am very satisfied with this platform!
I am satisfied with the results of my trading at skylar-platform.com. I do not earn a lot, but it is stable and I can increase my income several times if I fulfill certain conditions of the broker concerning the deposit amount. However, I earn money here in a quiet environment and I am glad that Skylar Trade is not a scam, nowadays it is very rare. The minimum starting deposit here is only €250 and leverage is up to 1:2000! Of course, there is a lot of risk, but the profit is also possible huge. In a month of sluggish trading, I earned an amount equal to the initial deposit. And imagine how much you can earn if you work harder :) Of course, you will have to decide for yourself - whether to trade on this platform or not, but my advice to all traders - try to start trading here and you will definitely enjoy it!