SkyRocketFX is another forex broker that plays fast and loose as regards to the information it provides. In the review below, we take an in-depth look at the features skyrocket-fx.com. allegedly offers. This review basically answer the questions: is SkyRocketFX legit? Is Skyrocket FX reliable? The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about skyrocket-fx.com.
Table of Contents
SkyRocketFX Trading Platform
SkyRocketFX claims to be a California based online investment platform with a sole focuse on crypto currency and forex trading.
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Skyrocket FX Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea how a broker might work.
After checking, we discovered that this broker has five account types
Skyrocket FX Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
The payment section only provides a bitcoin address for funding. We do not advise you to send any funds to them as transactions with bitcoin are hard if not impossible to trace or reverse.
Check out our recent review on Krenton Finance broker to see a similar trend.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume to be eligible for withdrawal. They do this to stop traders from making a withdrawal.
Is Skyrocket FX Licensed?
Licensing is another important part because we can trust a regulated broker to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it regulates said brokerage.
This broker claims to be an investment company based and headquartered in california, US. The problem with this claim is that they make no mention of regulation through out their website. There is no company name or any corporate information whatsoever
To Know if a body licensed a broker. Traders should check regulatory bodies such as the FCA in the UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy, and many others.
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Minimum Trade Deposit $100
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
In fact checking this broker, we found that many of its claims were false or unverifiable. We can’t confirm their location, and also, there is a lack of transparency in depositing funds and even a foggier and non-explained process of withdrawing. We don’t advise you to invest with this broker, any attempts to do so we lead to loss of your funds.
Losing money can be terrible. It can constantly cause despair and misery,which is precisely what occurred to me,to say the least. Everything seemed authentic until I realized I had been duped after investing $150,000 in cryptocurrency in an online investment racket.After some time I came across a review about Scott Wilfred and how they assist victims of fraud in recovering their lost funds, I had been depressed for days. I was hesitant at first but then decided to give them a try. After several procedures I was able to get my money back within a couple of days. Please be cautious and take care to understand the investments you are making. Anyone else who is a victim can contact Scott Wilfred through his email address
Email: ([email protected])