SkyTrust Capital has been flagged by Financial Conduct Authority for "Registered/Licensed entity impersonators". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I am in a dispute with SkyTrust Capital 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: No hidden fees|Educational resources|Competitive fees|Reliable uptime
Cons: Search feature is basic|Account statements could be more detailed
The only good thing about SkyTrust Capital is that they remind you why regulation matters. I found them after reading several online reviews. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Instant funding|Fast execution
Cons: Limited social trading features
I closed a profitable position at SkyTrust Capital and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Multi-currency support|Multiple order types
Cons: Charting tools need more indicators