Skyline Trading Ignores Withdrawal Requests, Sparking Dissatisfaction

Client complaints against Skyline Trading continue to surface. The broker, which claims to be regulated in South Africa, repeatedly draws investor dissatisfaction, yet has never addressed their biggest concern—withdrawals.

On November 21, a Skyline Trading client filed a complaint against the broker over a withdrawal issue.

According to the client, he deposited $1,000 into the platform and attempted to withdraw the remaining $888 from his account. Despite repeatedly submitting withdrawal requests to Skyline Trading, his demands were ignored. Although his account balance now shows zero, he has never received any funds.

He stated that the broker only responded with boilerplate replies, offering no assistance and failing to process his withdrawal requests.

In recent months, Skyline Trading has faced multiple client complaints over withdrawal issues.

In August, a BrokersView user directly called Skyline Trading ‘a scammer.’ The client reportedly invested after repeated persuasion by a representative and the promise of ‘100% guarantees,’ yet the trade ultimately failed.

Adding to the frustration, after paying a $3,900 "recovery fee," account manager Ahmed Zyadh disappeared! Even the new account manager, Vishnu, assigned by the broker after the initial failure, later disappeared when subsequent trades failed. Ultimately, this client lost $24,900 on Skyline Trading.

In September, Mohammed, an investor from the UAE, requested a $1,857 withdrawal from Skyline Trading. Even after the promised processing time had passed, the funds were never credited.

Later, the broker suspended Mohammed’s withdrawal request, citing alleged violations of anti-money laundering rules. To resolve the issue, he repeatedly called the representative, Nitin, but his calls went unanswered. Ultimately, Nitin’s promised callback never came, leaving Mohammed’s withdrawal concern unresolved.

More alarmingly, the experiences of these investors may not be isolated cases. Over the past few months, several Skyline Trading clients have lodged complaints against the broker, with nearly all disputes involving withdrawal issues.

BrokersView reminds you

Skyline Trading claims to be regulated by the Mauritius Financial Services Commission (FSC), but the broker's website is not listed on the regulator's official website, indicating potential risk.