Is SkyShell Trading A Good Broker or a Scam?
The FCA has mentioned SkyShell Trading as a potential scam broker. They are said not to have a license, and SkyShell Trading doesn’t show any proof of one. In addition, SkyShell Trading encourages people to believe they can make huge gains from their investment, which isn’t something that can really be guaranteed, given market volatility. We don’t have an idea of who really runs SkyShell Trading and they seem to be a clone broker and have taken a name similar to a licensed broker.
We Have Some Concerns with SkyShell Trading
There is also a bait and switch tactic used by SkyShell Trading. They encourage new clients to sign up for free, but after seven days, they charge 30% of all earnings as a “tax” when no such taxes are on the books. This is a deceptive practice and people are only aware of it if they read the fine print. Creating huge fees to discourage withdrawals is a common tactic used by fraudulent brokers and we find it very suspicious.
SkyShell Trading Red Flags
- No license
- False guarantees
- No transparency
- Negative reviews
Lost Money to SkyShell Trading? Talk to Us!
ReportScamOnline experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid SkyShell Trading and instead find a reliable and licensed broker. If you have lost money to this broker, contact us and we will launch an investigation that will bolster your claim.