SKIS foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.skis.com.tw/n/register?utm_source=skis&utm_medium=register&utm_campaign=201610, about the company's legal and temporary regulatory information, the company's address .
SKIS Forex Broker
Basic Information
Taiwan
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
SKIS broker review
Rating Index
Skis Forex Broker - Complete Information Guide
1. Broker Overview
Skis Broker, formally known as 新光證券股份有限公司, was established in 1993 and is headquartered in Taiwan. This broker operates as a private company, providing a range of financial services primarily in the forex and CFD markets. The main clientele includes retail traders and institutional investors seeking to engage in trading various financial instruments.
Over the years, Skis has made significant strides in the financial sector, evolving from a traditional brokerage to a more diversified financial service provider. Key milestones in its development include the introduction of advanced trading platforms and the expansion of its product offerings to include a wider range of trading instruments.
As a member of the NSE, NCDX, and MCX, Skis operates under a business model that emphasizes client needs, providing both retail forex trading and institutional services. The company aims to cater to a diverse market, offering tailored solutions to meet the varying demands of its customers.
2. Regulation and Compliance Information
Skis Broker currently operates without valid regulatory oversight, which poses a potential risk to its clients. The primary regulatory bodies that oversee forex brokers include:
- Financial Supervisory Commission (FSC), Taiwan: No valid regulatory license found.
- Securities and Futures Bureau (SFB), Taiwan: No regulatory number provided.
Due to the lack of regulatory licenses, clients are cautioned to be aware of the risks involved in trading with Skis Broker. The company does not appear to participate in any investor compensation schemes, which could leave clients vulnerable in case of insolvency.
Furthermore, Skis Broker has not publicly disclosed its policies on customer fund segregation, which is a critical aspect of client protection. The absence of clear KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures raises additional concerns regarding the safety and security of client funds.
3. Trading Products and Services
Skis Broker offers a diverse range of trading products, mainly focusing on the forex market. The broker provides access to a variety of currency pairs, including major, minor, and exotic pairs, catering to different trading strategies.
In addition to forex, Skis Broker also offers several CFD products, including:
- Indices: Various global stock indices.
- Commodities: Precious metals, energy products, and agricultural commodities.
- Stocks: A selection of shares from major companies.
- Cryptocurrencies: Limited offerings in popular digital currencies.
The broker frequently updates its product offerings, aiming to introduce new instruments that align with market trends. Retail trading services are tailored to individual traders, while institutional clients can benefit from customized solutions.
4. Trading Platform and Technology
Skis Broker supports both MetaTrader 4 and MetaTrader 5, which are well-regarded platforms in the trading community. These platforms provide traders with powerful tools for market analysis, automated trading capabilities, and comprehensive charting features.
In addition to the MetaTrader platforms, Skis Broker offers a proprietary web-based trading platform. This platform is designed for ease of use, allowing traders to execute trades quickly and efficiently.
For mobile trading, the broker provides applications compatible with both iOS and Android, ensuring that clients can manage their accounts and trade on the go. The execution model employed by Skis Broker is primarily Market Making, which can influence the spreads offered to traders.
The broker's technical infrastructure includes servers located in strategic locations to ensure low latency and fast trade execution. API access for automated trading is also available, catering to more advanced traders who prefer algorithmic trading strategies.
5. Account Types and Trading Conditions
Skis Broker offers several account types to accommodate different trading needs. The standard account conditions include:
- Minimum Deposit: Varies by account type.
- Spreads: Competitive spreads starting from 1.5 pips.
- Commission: Applicable on certain account types.
Advanced account types, such as VIP and professional accounts, are available for high-volume traders, offering lower spreads and additional perks.
Clients can also access Islamic accounts, which comply with Sharia law, as well as corporate accounts for business entities.
Skis Broker provides a demo account for traders to practice without risk, and leverage ratios vary depending on the product traded, typically ranging from 1:50 to 1:200. The minimum trade size is generally set at 0.01 lots, allowing for flexible trading strategies.
6. Fund Management
Skis Broker supports various deposit methods, including:
- Bank Transfers
- Credit/Debit Cards
- E-wallets (specific options not disclosed)
The minimum deposit requirement varies by account type, with processing times for deposits generally taking 1-3 business days.
Withdrawals can be made through similar methods, with specific limits and processing times that are not publicly disclosed. The broker does not charge deposit fees but may impose withdrawal fees depending on the method chosen.
7. Customer Support and Educational Resources
Skis Broker provides customer support through multiple channels, including:
- Phone
- Online Chat
- Social Media
The support team is available during business hours, catering to clients in the local time zone. Multilingual support is offered, although specific languages are not detailed in the available information.
To enhance client knowledge, Skis Broker offers various educational resources, including webinars, tutorials, and e-books. Market analysis services, including daily market reports and research, are also accessible to clients, providing insights into trading opportunities.
Additionally, the broker offers trading tools such as calculators and economic calendars to assist traders in making informed decisions.
8. Geographic Coverage and Restrictions
Skis Broker primarily serves clients in Taiwan and surrounding regions. The broker has offices in key locations to facilitate its operations.
However, Skis Broker does not accept clients from certain jurisdictions, including the United States, Canada, and countries under international sanctions. Specific restrictions may apply based on local regulations, and potential clients are advised to check their eligibility before opening an account.
In conclusion, while Skis Broker offers a range of trading products and services, potential clients should proceed with caution due to the lack of regulatory oversight and compliance measures. As with any investment, thorough research and consideration of risks are paramount.