ALERT |Skylark Fx Review: Is it Legit or a Scam

Skylark Logo
2
Rated 2 out of 5
Scam Company
2 out of 5 stars (based on 3 reviews)

SKYLARK FX MARKET INVESTIGATION HIGHLIGHTS

Item Description Website Information
COMPANY NAME:
Skylark FX
COMPANY ADMIN:
Unknown
REGULATION:
Unregulated
HEADQUARTERS
71-75 Shelton Street, London, Greater London, UK, WC2H9JQ
OPINION ON SOCIAL MEDIA AND REVIEW SITES:
Negative
PRIMARY PHONE NUMBER:
+44742606343 (UK)
CONTACT EMAIL:
support@scfxmarket.com
WEBSITE URL:
https://www.scfxmarket.com/
WEBSITE IP:
184.168.99.250
IP COUNTRY:
Singapore
DOMAIN CREATION DATE:
2022-07-20
HOSTING:
GoDaddy.com LLC

Disclaimer: The information on this document was based on information gathered during the website investigation period. Please note that the information provided might be outdated because there might have been changes on the investigated website (i.e. website had been suspended or website had changed owners and changed its content).

What Is Skylark FX About

About Skylark

Skylark FX offers many forex trading choices.

According to the website, they provide ECN and micro-accounts. They began by offering traders better service, cheaper spreads, and faster execution, which we still do today. They want to be the world’s largest online forex service.

What Is Skylark FX Offering To The Clients?

They provide 5 different account types, each with a unique set of advantages.

For micro accounts, the minimum deposit is $100, while for VIP accounts, it is $10,000. These accounts are shown in the tables below.

Skylark Offers

Is Skylark FX Legit Or A Scam?

As previously indicated, Skylark FX Market is blacklisted, indicating that it is a known scam.

Brokers who have warnings next to their names, are unregulated, and offer illegal trading and financial services are known as scammers. Avoiding Skylark FX Market is important, and we can confirm that if you deposit with this fake brokerage, you will lose money.

Is Skylark FX Licensed?

SkyLark FX is allegedly offering financial products or services in the UK without a license, according to a notice from the United Kingdom Financial Conduct Authority (UK FCA).

According to SkyLark FX, it was founded in Saint Vincent & the Grenadines. This is why we looked for Saint Vincent and the Grenadines Financial Services Authority (SVG FSA), but we were unable to find anything. This indicates that SkyLark FX is not listed in SVG. Additionally, SVG FSA does not license or regulate forex brokers. Therefore, being registered does not automatically imply having the right to offer financial services.

Additionally, SkyLark FX claims to be subject to UK Financial Conduct Authority regulation (UK FCA). We looked via UK FCA, but all we could find was a warning

FCA Source

Is Skylark FX a Scam? There are no regulations overseeing SkyLark FX. It is risky to allow this broker to hold or handle investors’ money, and there is no legal safeguard for that money. As a result, it is a scam.

Is Skylark FX Legit ? On the website, there is a lot of information about their terms & conditions that are missing. The terms and conditions give the business legal support and safeguard investors legally, however, we discovered that the website is lacking any such documents. This would increase concerns that the site is not legit.

Similar Or Duplicate Sites Detected

We discovered that Skylark FX doesn’t have any similar websites.

Skylark FX Opinions On Review Sites, Social Media, And Contact Information

Based on reviews found on other websites like Scam Advisor, there has been a mixed response to Skylark FX.

Some websites consider it to be legitimate, while others consider it to be a scam. Even though the rating is high, there are still indications that the website is a scam, in our opinion.

Scam Doctor

The owner of the website is utilizing a paid service to conceal their identity on WHOIS.

The website has little traffic or is not popular. Moreover, the website was registered recently. No social media presence was given, only a phone number. Lastly, the email address entered is invalid and not receiving email.

Comparing Skylark FX Market to Well-Established Companies

The trading condition is not favorable.

We make this claim since the MT5 distribution only offers 10 currency pairs for trading, not including the most well-liked EUR/USD combination! Since EUR/USD is the cheapest and most popular currency pair, a broker that doesn’t offer it should not even be a consideration!

However, the AUD/USD pair has the lowest spread (0.9 pips), which is a typical difference and a sign of cheap trading expenses, with an average spread of roughly 2 pips. Having said that, we should inform you that Skylark FX Market is a well-known scam, rendering the generally reasonable pricing for trading meaningless.

However, Binance offers more than 65 tradable coins to customers in the United States. As a result, cryptocurrency investors and traders have several options. Trades can keep more of their profits thanks to the platform’s cheap costs. Among the trading options offered by Binance are spot trading, margin trading, and peer-to-peer trading.

How To Get Your Money Back If You Were Scammed By Skylark Fx?

Accepting Money

We hope that our Skylark Fx Review has helped in your decision regarding whether or not to conduct business with this specific dealer. 

You shouldn’t be concerned if you lost money while using skylark fx. You should first and foremost get in touch with the law enforcement agency, your local government, and any other organizations that are concerned with fraud prevention. To help you reduce the amount of money you lose, stop using your cards right away and phone your bank to let them know what’s happening.

Your options are restricted if you made the deposit using cryptocurrencies; on the other hand, if you used a credit or debit card, you can ask for a chargeback. The good news is that assistance is available upon request.

Ez Chargeback has successfully connected clients with businesses that have helped unfortunate investors recover thousands of dollars for them. They are accessible day or night. If you tell others about your situation, they may be able to assist you and warn others about the scam.

EZChargeback only partners with the most trustworthy and capable scam recovery organizations.

Once you consult with us, we will be able to help you solve your problem and refer you to the top asset recovery firms that will get your money back!

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