Skyrise Community Bank (skyrisescommunityb.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 61480048385
Addresses: Level 12 50 Carrington Street Sydney NSW 2000 Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: skyrisescommunityb.com.
Skyrise Community Bank (skyrisescommunityb.com) 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: Segregated accounts|Good mobile app
Cons: Wait times can be long during peak hours
Do not believe the bonus offer from Skyrise Community Bank (skyrisescommunityb.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a friend recommended them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: API access|Fast deposits|Comprehensive tools
Cons: Withdrawal takes 1-2 business days|No crypto staking
I gave Skyrise Community Bank (skyrisescommunityb.com) a fair chance. After for about three months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Detailed reporting|Demo account available|Multi-device support|High security standards
Cons: Wish they had more educational resources|Limited social trading features
Skyrise Community Bank (skyrisescommunityb.com) 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: Transparent fees|Stable platform
Cons: Charting tools need more indicators
After spending since last summer trying to make Skyrise Community Bank (skyrisescommunityb.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: API access|Educational resources|Real-time alerts
Cons: Currency conversion fee exists|Cannot customize dashboard fully
The hidden fees at Skyrise Community Bank (skyrisescommunityb.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Market news feed|Segregated accounts|Dividend tracking|Stable platform
Cons: No integrated tax optimization|Could offer more webinars
Skyrise Community Bank (skyrisescommunityb.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Clear documentation|Dedicated account manager
Cons: None so far
The onboarding at Skyrise Community Bank (skyrisescommunityb.com) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Clear documentation|Segregated accounts|Real-time alerts|Dedicated account manager
Cons: No phone support on weekends|Currency conversion fee exists
Skyrise Community Bank (skyrisescommunityb.com) 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: Professional team|Multiple order types|Stable platform|Tax reports included
Cons: Slow to add new assets|Spreads widen during volatile periods
The spread at Skyrise Community Bank (skyrisescommunityb.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after seeing their ad online and initially thought the platform was good - until I started trading seriously.
Pros: Helpful community forum|Personal attention|Real-time alerts
Cons: Email notifications too frequent