Skifor has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Skifor changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: API access|Tax reports included|Automated trading options
Cons: Inactivity fee applies after 12 months
Skifor advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Good analytical tools|Smooth onboarding|Quick verification|Economic calendar
Cons: Inactivity fee applies after 12 months|Minimum deposit could be lower
I had a dispute with Skifor and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Great customer service|Portfolio tracking tools|Dividend tracking|High security standards
Cons: Cannot customize dashboard fully
Do not be fooled by the professional-looking website. Behind the scenes, Skifor is disorganized and incompetent. I found them after a family member had a good experience and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Instant funding|Copy trading available|Low minimum deposit
Cons: No crypto staking|Cannot customize dashboard fully
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Skifor has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Not registered with regulators|Unrealistic promises
My card was charged twice by Skifor on the same day. I had to dispute it with my bank. Skifor then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Automated trading options|Multiple order types|Good analytical tools|Social trading features
Cons: Charting tools need more indicators
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Skifor is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
My withdrawal from Skifor was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for just over a year of being strung along.
Pros: Excellent charting|Quick verification|Dedicated account manager|Reliable uptime
Cons: Could offer more webinars|Email notifications too frequent
I lost a significant amount because Skifor did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Fast deposits|Responsive team|Social trading features
Cons: Account statements could be more detailed
The reporting at Skifor is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Multiple order types|Personal attention|Segregated accounts
Cons: Wait times can be long during peak hours|Cannot customize dashboard fully