Skylark Capital Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://skylarkcapitalmarkets.com/, about the company's legal and temporary regulatory information, the company's address .
Skylark Capital Markets is a global brokerage firm based in the United Kingdom, having been established between 5 to 10 years ago. The company operates from its headquarters located at 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ. Skylark Capital Markets is a private entity, which means it is not publicly traded on any stock exchange.
The primary market served by Skylark Capital Markets includes retail forex traders and institutional clients, providing a diverse range of trading instruments. The firm specializes in forex trading, precious metals, and Contracts for Difference (CFDs), catering to a wide array of clients with varying trading needs. Over the years, Skylark Capital Markets has aimed to establish itself as a reputable player in the forex brokerage industry, although it currently faces scrutiny due to its lack of regulation.
The business model of Skylark Capital Markets revolves around offering trading services to both retail and institutional clients. It provides various account types, including ECN accounts, VIP accounts, gold accounts, and standard accounts, designed to meet the diverse needs of its clientele. However, the company has faced challenges, particularly in terms of transparency and regulatory compliance, which are crucial for building trust in the financial services sector.
Skylark Capital Markets is currently unregulated, which raises significant concerns regarding its operational legitimacy. The firm has not obtained licenses from any major financial regulatory authorities, such as the Financial Conduct Authority (FCA) in the UK. This lack of regulation means that there is no oversight to protect clients' funds or ensure compliance with industry standards.
The absence of a valid regulatory number further highlights the risks associated with trading through this broker. Clients should be aware that engaging with an unregulated broker like Skylark Capital Markets exposes them to potential fraud and financial loss, as there are no legal protections in place. The company does not provide information about customer fund segregation policies or participation in investor compensation schemes, which are standard practices among regulated brokers.
Furthermore, Skylark Capital Markets does not appear to have implemented adequate Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are essential for ensuring the integrity of financial transactions and protecting against illicit activities.
Skylark Capital Markets offers a diverse range of trading products, primarily focusing on forex, precious metals, and CFDs. The broker provides access to numerous currency pairs, allowing traders to capitalize on fluctuations in the foreign exchange market. Some of the major currency pairs available for trading include EUR/USD, GBP/USD, and USD/JPY.
In addition to forex trading, Skylark Capital Markets offers CFDs on various assets, including indices, commodities, and stocks. This enables traders to speculate on price movements without owning the underlying assets, providing flexibility in trading strategies. However, specific details regarding the number of available CFDs and the frequency of product updates are not disclosed.
For retail traders, Skylark Capital Markets aims to provide a user-friendly trading experience, although the lack of transparency regarding its offerings may deter potential clients. Institutional clients may also find services tailored to their needs, but again, detailed information is not readily available.
Skylark Capital Markets supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are popular among traders for their advanced charting tools and automated trading capabilities. These platforms provide users with real-time market data, enabling them to make informed trading decisions.
While the broker claims to offer a proprietary trading platform, specific details regarding its features and functionalities are not provided. Additionally, there is no mention of a web-based trading platform, which may limit accessibility for some traders.
Mobile trading applications are crucial for modern traders, and Skylark Capital Markets appears to support both iOS and Android devices, allowing clients to trade on the go. The execution model employed by the broker is not specified, raising questions about the efficiency of trade execution and the potential for slippage.
The broker's technological infrastructure, including server locations and security measures, is also not detailed, leaving clients uncertain about the reliability and security of the trading environment.
Skylark Capital Markets offers various account types designed to meet the needs of different traders. The standard account typically requires a minimum deposit, but specific details regarding the deposit amounts, spreads, and commissions are not disclosed.
For more experienced traders, advanced account types such as VIP and professional accounts may be available, though the criteria for these accounts are not clearly outlined. The broker also claims to offer Islamic accounts, catering to traders seeking Sharia-compliant trading options.
The leverage offered by Skylark Capital Markets can reach up to 1:200, allowing traders to control larger positions with a smaller amount of capital. However, the associated risks of high leverage should be carefully considered, as it can amplify both gains and losses.
Details regarding minimum trading volumes and overnight fees are not provided, which may pose challenges for traders seeking to understand the full cost of trading with this broker.
Skylark Capital Markets supports various deposit methods, including bank transfers, credit cards, and potentially electronic wallets. However, specific details regarding the minimum deposit requirements for different account types are not available.
The processing time for deposits is not disclosed, nor are there any details regarding deposit fees. For withdrawals, the broker does not provide clear information on available methods or any associated limitations. Clients should be cautious, as unregulated brokers often impose high withdrawal fees or may complicate the withdrawal process.
The withdrawal processing time is also not specified, which may lead to uncertainty for clients attempting to access their funds. Transparency regarding withdrawal fees is lacking, and potential clients should be aware of the risks involved in depositing funds with an unregulated broker.
Skylark Capital Markets offers several customer support channels, including phone and email, to assist clients with their inquiries. However, the availability of online chat support or social media engagement is not mentioned, which may limit the accessibility of assistance.
The broker's service hours and time zone coverage are also unspecified, raising concerns about the responsiveness of customer support. Additionally, it is unclear whether Skylark Capital Markets provides multilingual support, which could be a valuable resource for its diverse client base.
In terms of educational resources, the broker claims to offer webinars, tutorials, and market analysis to help traders enhance their skills. However, specific details regarding the types of educational materials available and their frequency are not provided, leaving potential clients uncertain about the level of support they can expect.
Skylark Capital Markets primarily serves clients in the United Kingdom and potentially other regions, but specific details on its operational reach are not clearly defined. The lack of transparency regarding regional offices and their distribution may deter potential clients from engaging with the broker.
Certain countries and regions may be restricted from accessing Skylark Capital Markets' services, but the broker does not provide a comprehensive list of these limitations. Understanding these restrictions is crucial for potential clients to ensure compliance with local regulations.
In conclusion, while Skylark Capital Markets presents itself as a global brokerage firm with various trading products and services, the lack of regulation, transparency, and detailed information raises significant concerns. Potential clients should exercise caution and conduct thorough research before engaging with this broker. It is advisable to consider regulated alternatives that prioritize client security and compliance with industry standards.
FX3310681772
India
The owner of this company are fraud brothers Mahender Singh and Sushil have a police complaint in Delhi-NCR they cheated their clients as well as employees. check this news https://navbharattimes.indiatimes.com/state/uttar-pradesh/noida/forex-trading-fraud-entire-family-is-involved-in-100-crore-fraud/articleshow/71484195.cmsMahender singh & sushil kumar did a scam of 100cr. INR. Mahender singh's wife Rajesh is also include in this scamyour money is not safe in their hands. They both are fraud and cheater. I invested my hard earned money they promised to give me 5% monthly return on 150000 Rs. deposite. but after 2 months they did'nt pay me intrest and principal.their office was in Noida sector 18 after that mahender moved to Dubai and start doing fraud.they have created many website in between nov-18 - jan 19Please do not invest your hard earned money in their company otherwise you'll lost all of it. I am here to beware ppeople so that they can not cheat anyone again
Exposure
2020-08-21