Skobrex Review – Hidden Legal Information, Fees and Platform

The Skobrex crypto exchange is one of those expecting you to trust them by word. Yet, they are hiding their ownership and address details. If you think about it, that’s not a sign of a reliable firm.

On top of that, the company offers quite attractive but also dangerous crypto investing services. Practically including all the signs of a scam. But to avoid jumping to conclusions, read our Skobrex review first.

Broker status:	Unregulated
Regulated by:	No regulations
Operating Status:	Active crypto trading scam
Known Websites:	https://Skobrex.com/
Blacklisted by:	N/A
Owner:	N/A
Headquarters Country:	N/A
Foundation Year:	2023
Online Trading Platforms:	Web trader
Mobile Trading:	Not available
Minimum Deposit:	N/A
Deposit Bonus:	N/A
CFD Trading Option:	No
Crypto Asset Trading:	Yes – BTC, ETH, LTC
Available Trading Instruments:	Cryptos
Maximum Leverage:	N/A
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	With an absolutely anonymous approach and hidden fees, this company is not considered trusted. Most importantly, they are misleading traders to believe they are legit. If you fell for their tricks, get in touch with our refund experts for advice.

Is Skobrex Legit or a Scam?

When the company is hiding legal information, it’s hard to believe they are legitimate. But there’s an easy way to find out. All crypto exchanges nowadays should get Digital Asset Service Provider licenses or financial regulations, preferably from trusted entities like FCA, ASIC, or BaFin.

But very quickly, the Skobrex scam was exposed since they don’t have any. Therefore, all the security and protection they might offer can’t be trusted.

How Does Skobrex Work?

One of the ways this company is getting traders’ attention is Skobrex TikTok promotion. Once they grab your interest, they will try extorting some money. But first, they are offering something free to get the contact details.

All in all, everything with the Skobrex crypto investment firm is about manipulation. Therefore, you have to take extra measures to protect your personal information and pockets. For this reason, we suggest you read our Cylwex.com review and see how to do that. But you can also contact our specialists for more tips and also refund advice.

Who Are Skobrex Victims?

Skobrex victims are mainly coming from strictly regulated countries. Since they created this domain recently, it’s just a matter of time before they get completely exposed. Anyway, most of their victims come from:

• United States
• Germany
• Portugal
• Greece

If you think this company tricked you anyhow, feel free to share it with us. Ultimately, we can offer you a solution and adequate refund advice.

What Are Trading Platforms Available?

According to the company, their platform reaches $137 billion quarterly. But with such a high trading volume, anyone would expect top-notch software and mobile apps.

Instead, this firm only offers a web-based platform. Quite a mediocre choice for such results. This tells you all of those are fake numbers. Same as the ones presented to trader in their dashboard.

Is the Skobrex Mobile Trading App Available?

As mentioned, the company doesn’t offer iOS and Android apps. With this in mind, you know that you can’t expect any transparency with the Skobrex exchange. Not to mention trusted security measures.

With very fast development in the trading world, traders prefer trading on the go. That’s why you should read our Skytorex review and see how to recognize trusted apps.

What Financial Instruments Does The Platform Include?

As it seems, the Skobrex exchange doesn’t offer to purchase cryptos. Instead, they offer trading crypto pairs. Traders can choose between  26 coins traded against USDT. Other pairs include trading against ETH, BTC, and BUSD. If we exclude these four, traders can trade:

• LTC
• SOL
• ZEC
• NEO
• ATOM and a few more.

Account Types Offered by Skobrex

In general, legitimate crypto exchanges offer various trading levels for customers. The ones with higher trading volume have better trading conditions. This is reasonable, knowing there are many other exchanges they could choose.

With this company, traders can only choose regular accounts and, with unclear conditions, step up with Skobrex’s promotion to Premium. The requirements to start with any of these remain unknown.

Can a Trader Use a Skobrex Demo Account?

Even though access to the platform is available, the demo account is not. Thus, it’s very clear the company doesn’t offer any advanced tools or features. Instead, we suggest you opt for licensed exchanges or brokerages.

Skobrex Fees, Spreads, Leverage and Commission

Another suspicious detail about this company is its trading costs. In fact, they only reveal what are maker and taker fees. Nothing more. These are fixed for regular and premium users.

The regular fee is 0.2%, while the one for VIP members is 0.14%. But once you see that regulated exchanges have way lower fees than that, you realize there’s nothing to look for here.

Is the Skobrex Welcome Bonus Available?

On the positive side, bonus offers are not available with this company. Otherwise, they would have another way to scam their clients. But whenever you get any bonus credit, make sure to read the small print or policy. Primarily to avoid any withdrawal issues in the future.

Is Skobrex Withdrawal Possible?

After all the facts revealed in this Skobrex review, you understand why withdrawals are practically impossible. Also, the company is charging a 1% deposit and withdrawal fee.

In addition to that, they can charge 10% of collection-related costs if a trader fails to pay a fee. Moreover, they charge a 10% tax for the first withdrawal. But you should keep in mind that taxes are paid to the government and not the company.

What Should I Do If I Have a Skobrex Problem?

Any problems that occur with any investment firm should be presented to authorities. Otherwise, you can’t prevent them to continue their work. But very often, frustrated and scammed clients just look for a way to get their funds back. This is understandable.

Yet, every case is different, and you can approach each one in different ways to solve the problem. For detailed guidance, we suggest you book a free first consultation with our experts. Get in touch now and start your refund process today!