Skyion Group Review – Understanding Regulation Is The Key To Safety

In general, brokerages from Norway are quite rare. The ones we know of are mostly legitimate. But now, we have Skyion Group, which presents itself as a legitimate firm based in Oslo. With Norwegian standards and strict laws, registering a scamming company would be quite bald.

Yet, with brokers, you never know. Their shamelessness has no boundaries. Therefore, make sure to read this Skyion Group review carefully if you want to trade safely.

Broker status:	Unregulated Broker
Regulated by:	No regulations
Operating Status:	Active FX and CFD trading scam
Known Websites:	https://skyiong.com/
Blacklisted by:	N/A
Owner:	Skyion Group
Headquarters Country:	Norway
Foundation Year:	2023
Online Trading Platforms:	WebTrader
Mobile Trading:	Available
Minimum Deposit:	N/A
Deposit Bonus:	Available
CFD Trading Option:	Yes, you can trade CFDs
Crypto Asset Trading:	Yes – BTC, ETH, XRM
Available Trading Instruments:	Forex, stocks, cryptos, commodities, indices, futures
Maximum Leverage:	1:300
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are not accepted
Global Fraud Protection Experts’ Verdict:	There are numerous reasons why not to trust this brokerage but the key one is a lack of regulations. With this in mind, only problems are expected. When that happens, don’t waste time and contact our refund team for free first consultation as soon as possible.

Is Skyion Group Legit or a Scam?

All European-based brokerages are quite easy to investigate. You have to check the company’s legal information, look for their registration and license details, and voila, you have the answers. In this case, the primary regulator for this company should be Norway’s Finanstilsynet. Unfortunately, their database has no records of Skyion Group being licensed.

That wouldn’t be such a big problem if the company had FCA, BaFin, ASIC, or IIROC licenses. Yet, they don’t. Before you even start, you already know what to expect. Only a bunch of lies. So, how are Skyion Group reviews positive?

Traders Experience With Skyion Group

As can be seen, the Trustpilot platform has only 10 comments about this brokerage. Surprisingly, 100% positive ones. Mostly, comments are coming from customers based in the UK and Canada. Yet, for both these countries’ customers, they should have a license. So, those comments are fake either way.

We also suggest you read our tips from the Tradex4u review to understand how to recognize such scamming tricks. In both cases, if you have a negative experience, you can talk with our experts for refund advice.

How Does Skyion Group Work?

The company has been misleading traders in numerous ways. Firstly, they are telling traders that crypto transfers are safe with them. But they are not. Secondly, they are misleading investors to believe they will have a dedicated mobile app. And yet, those don’t exist. In addition to all of that, there are shady bonus and withdrawal policies.

All these facts are clear signs that you won’t see any of your money back in a regular way. Instead, we suggest you talk to our experts and explore alternative methods.

Who Are Skyion Group Victims?

Since the company’s reviews are obviously fake, we’ll have to rely on other metrics. For example, the website traffic. It appears that most of the visitors and, logically, victims come from:

• Canada
• Ukraine

Also, the company’s phone numbers indicate they want to look legit to UK and Canadian traders. So, if you are coming from any of these countries, don’t hesitate to contact us for a chargeback consultation.

What Are Trading Platforms Available?

According to the presentation, all traders should have desktop, mobile, and WebTrader options available on Skyion Group accounts. Indeed, download options are available for its proprietary platform.

Thus, without regulation, can we trust it? Absolutely not, no matter what features they offer. Nevertheless, one of the main advanced features is the EAs.

Is the Skyion Group Mobile Trading App Available?

Indeed, the Skyion Group platform is available for download on mobile devices. Yet, it’s in the form of an APK file that you have to download from the company’s website. Fairly, not the most convenient option.

Instead, you should opt for cTrader or MetaTrader, which are available in trusted stores.

What Financial Instruments Does The Platform Include?

Skyion Group trading might be quite interesting with their wide range of available assets. However, without adequate licensing, it’s hard to trust any of the market data. Anyways, the options are:

• Forex – USD/JPY, AUD/SGD
• Indices – FTSE100, CAC40
• Shares – Boeing, IBM
• Commodities – natural gas, gold
• Cryptos – ETH, BTC
• Futures

Account Types Offered by Skyion Group

Luckily for all traders, Skyion Group broker exposes its shady activities through the account types. The minimum deposit requirement is not revealed. Yet, nobody has access to a free VPS or exclusive webinars. Advanced charting options and a dedicated account manager are only available for certain accounts.

In any case, you may choose between:

• Standart
• Silver
• Gold
• Platinum

Can a Trader Use a Skyion Group Demo Account?

One of the key issues with this company is a lack of useful options like demo accounts. Unfortunately, you have to register with them and throw some money away to test them out.

Instead, you might opt for a tier 1 licensed broker and trade freely on a demo account without any limitations. To understand why those features are crucial, read our STG Markets review.

Skyion Group Fees, Spreads, Leverage and Commission

As mentioned, account types reveal the dark truth. This company, as Europe-based, can’t offer leverage higher than 1:30. If they were legit, of course. However, they offer a leverage of up to 1:300. Besides, there’s no negative balance protection. It’s practically a debt recipe.

On top of that, the company doesn’t disclose its fees, commissions, and spreads transparently. With this in mind, you can expect shameless manipulation there unless you change your mind about depositing with them.

Is the Skyion Group Welcome Bonus Available?

If, for some reason, you deposit money with this broker, be sure you won’t get it out, primarily because of the company’s bonus policy. Don’t worry; they will find a way to give you extra funds.

Still, you have to reach minimum trading volume to get any of the bonuses and profits generated with it. Quite a big one. It’s a bonus amount divided by four, and you get the number of lots you have to trade.

Is Skyion Group Withdrawal Possible?

Skyion Group withdrawal is a topic in itself. Firstly, there’s quite an unclear policy revealing they process withdrawal requests within the first 30 days of the account being opened. After that, they are not processing any? That’s highly possible.

Anyway, the company allegedly doesn’t charge any withdrawal fees, and the minimum withdrawal amount through the card is $50. But with quite a poorly written policy, you can expect various tricks that will prevent you from getting your money back.

What Should I Do If I Have a Skyion Group Problem?

Any issues that occur with Skyion Group scam broker should be shared online. This way, you can help other traders avoid the same pitfalls. Also, you should report it to the local regulator and help get the warnings issued faster.

Ultimately, everyone has one goal. That’s to get their money back. We’ve been through the same, and we know the drill. That’s why our refund specialists offer a consultation first. It’s completely free, and if you like what you hear, you can choose to continue. If not, it’s still your call. So, book your meeting now, and don’t let these swindlers get away with your money.