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Skanestas, a forex and CFD broker based in Cyprus, has been gaining attention in the trading community. Overall, the reviews indicate a mixed perception of the broker, with some users praising its services while others express concerns about its regulatory status and customer support. Key features include its regulatory oversight by the Cyprus Securities and Exchange Commission (CySEC) and a focus on portfolio management services.
Note: It is essential to consider that Skanestas operates under different regulatory entities, which may affect the trading experience across regions. The following review aims to provide a fair and accurate assessment based on various sources.
Category | Rating (out of 10) |
---|---|
Account Conditions | 6 |
Tools and Resources | 7 |
Customer Service and Support | 5 |
Trading Setup (Experience) | 6 |
Trustworthiness | 6 |
User Experience | 5 |
We evaluate brokers based on user feedback, expert opinions, and regulatory information.
Founded in 2014, Skanestas Investments Limited is a licensed European investment firm located in Limassol, Cyprus. The broker specializes in providing traditional brokerage and portfolio management services. The trading platform is proprietary, and unlike many competitors, Skanestas does not offer popular platforms like MT4 or MT5. Clients can access various asset classes, including forex, CFDs, commodities, and indices. Skanestas is regulated by CySEC, which provides a level of assurance to clients regarding its operational integrity.
Skanestas is primarily regulated by the Cyprus Securities and Exchange Commission (CySEC), which allows it to operate within the European Union. However, some reviews suggest that the regulatory framework might not be as robust as that of brokers in other jurisdictions, raising concerns about the safety of client funds.
The broker supports multiple currencies for deposits and withdrawals, although specific details on cryptocurrency support were not prominently mentioned in the reviews. Users should check with Skanestas directly for the most current information regarding accepted currencies.
The minimum deposit required to open an account with Skanestas is not clearly stated across all sources. Some reviews indicate that the absence of multiple account types may limit options for traders looking to start with smaller amounts.
Skanestas appears to have a minimal promotional structure, focusing instead on its core services. This is consistent with the trend among regulated brokers, which often limit bonuses to encourage responsible trading practices.
Skanestas offers a range of tradable assets, including forex, CFDs on commodities, indices, and ETFs. This diversity allows traders to engage in various market segments, but the absence of a comprehensive trading platform like MT4 or MT5 may limit some users' trading strategies.
The cost structure at Skanestas includes spreads and commissions that are reportedly competitive. However, specific details on these costs were not universally available, making it essential for potential clients to inquire about the latest fee schedule directly.
Skanestas provides leverage options that vary based on the asset class. While high leverage can amplify returns, it also increases risk, and traders should be cautious and fully understand the implications before utilizing it.
Skanestas exclusively uses its proprietary trading platform, which may not appeal to traders familiar with established platforms like MT4 or MT5. This could be a drawback for users who prefer the features and community support found in more widely-used platforms.
While Skanestas operates primarily in Europe, specific restrictions may apply to clients from certain regions. It is advisable for traders to verify their eligibility to open an account based on their geographical location.
Customer support at Skanestas is available in multiple languages, although specific language offerings were not detailed in the reviews. Users have noted varying experiences with the responsiveness and effectiveness of customer service.
Category | Rating (out of 10) |
---|---|
Account Conditions | 6 |
Tools and Resources | 7 |
Customer Service and Support | 5 |
Trading Setup (Experience) | 6 |
Trustworthiness | 6 |
User Experience | 5 |
Account Conditions: Skanestas does not offer various account types, which limits flexibility for traders with different capital levels. This lack of options may deter some users.
Tools and Resources: The broker provides educational resources and market analysis, which are beneficial for traders looking to enhance their skills. However, the depth of these resources could be improved.
Customer Service and Support: Feedback on customer service is mixed, with some users reporting delays in response times. A more robust support system could enhance user experience.
Trading Setup: The proprietary platform may not cater to all trading styles, particularly for those who prefer advanced features found in platforms like MT4 or MT5.
Trustworthiness: While Skanestas is regulated by CySEC, some reviews highlight concerns regarding its reliability and user complaints about withdrawal issues. This warrants caution from potential clients.
User Experience: Overall user experience appears to be average, with room for improvement in customer support and platform functionality.
In conclusion, Skanestas presents a mixed bag for traders in 2025. While it offers a regulated environment and a range of tradable assets, potential clients should carefully consider the limitations in account types, platform features, and customer service before committing to this broker.