Website Doubt, Trust Gone: Investor Funds Trapped in Skyline Trading

BrokersView user @Josusteve recently filed a complaint against the forex trading platform Skyline Trading, accusing the company of “scammer” and demanding compensation for his losses.

According to the user, since June this year, he has received persistent phone calls and text messages from Skyline Trading representatives urging him to invest in the platform. For nearly a month, the user repeatedly said he had no interest in participating, but the callers continued to persuade and tell him the purported success of investing through Skyline Trading.

He eventually accepted the offer, first depositing $1,000 with Skyline Trading and subsequently investing additional funds. His account manager, Ahmed Zyadh, assured him that his investment was “100% guaranteed”. However, the trades failed. At Ahmed’s demand, the investor made a further payment of $3,900 labeled as a “recovery payment.” Once the funds were transferred, however, Ahmed ceased all communication.

Soon after, the complainant received a call from another Skyline Trading employee, Jishnu, who calmed him down and arranged for a new account manager, Vishnu.

To make up for his previous losses, the investor deposited another $2,000. Under Jishnu's further persuasion, he invested another $3,000 in gold and did make some profit in line with the assurances given. When the client attempted to withdraw his earnings, he discovered that the platform restricted the withdrawal amount to less than what he had rightfully earned.

Jishnu then advised him to invest $5,000 in natural gas. After the funds were transferred, both Jishnu and Vishnu became unreachable, mirroring the disappearance of the first account manager.

Eventually, the trades were canceled due to insufficient account balance. As of now, the client's financial losses on Skyline Trading have reached $24,900.

Except for @Josusteve, users @Hashina and @Rupert James have also suffered similar troubles with Skyline Trading.

According to Hashina, she deposited $3,000 into her Skyline Trading account and executed trades under the guidance of her account manager, Jishnu. Initially, her investments yielded the promised profits. However, to her shock, the funds in her account mysteriously vanished the day after the profits were generated.

Hashina grew suspicious that Jishnu may have accessed her account, especially after he inquired whether she had changed the system’s default password, just moments after she had done so. Following the unexplained disappearance of her funds, Jishnu assured her he would help recover the losses. However, before fulfilling that promise, he cut off all communication.

_{Hashina traded under the guidance of Jishnu}

James, an investor from the United Arab Emirates, said he had invested a large amount of money in Skyline Trading and had been actively trading. However, his withdrawal requests had been “pending” for a long time, and even the internal transfers had been restricted.

_{Trader James asks Skyline Trading to process his withdrawal}

BrokersView reminds you

Skyline Trading claims to be regulated by the Financial Services Commission (FSC) of Mauritius, but there is no information about its website on the regulator's portal.