skylinefx.co has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: skylinefx.co.
Where do I even begin with skylinefx.co? for close to eighteen months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Fast support response|Clear documentation|Market news feed|Multi-currency support
Cons: Inactivity fee applies after 12 months
I am in a dispute with skylinefx.co over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Professional team|Comprehensive tools
Cons: Slow to add new assets
The spread at skylinefx.co is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a forum discussion and initially thought the platform was good - until I started trading seriously.
Pros: Easy to use platform|Copy trading available|Real-time alerts
Cons: Help articles are sometimes vague|Could offer more webinars
I lost a significant amount because skylinefx.co 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: Regular updates|Regular platform improvements
Cons: Inactivity fee applies after 12 months|Search feature is basic
After for just over a year with skylinefx.co, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Good analytical tools|Regular platform improvements|Personal attention
Cons: Website design could be more modern|Wait times can be long during peak hours
Do not believe the bonus offer from skylinefx.co. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited from a blog post comparing services and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Multi-device support|Dividend tracking|Multi-currency support|Reliable uptime
Cons: Website design could be more modern
I signed up with skylinefx.co through word of mouth in my investment club and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Instant funding|Reliable uptime|Demo account available|Tax reports included
Cons: Research section could be deeper|No phone support on weekends
I found skylinefx.co while looking for alternatives to my previous provider and the initial impression was positive. But for about three months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Comprehensive tools|Fast execution|Risk management tools|Segregated accounts
Cons: No phone support on weekends|Account statements could be more detailed
skylinefx.co offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Detailed reporting|Risk management tools
Cons: Search feature is basic
What really bothers me about skylinefx.co is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them when my bank disappointed me and I searched for alternatives and I fell for the polished exterior. Never again.
Pros: Competitive fees|No hidden fees
Cons: Limited social trading features|Wish they had more educational resources