Skyllex Review

Skyllex Details

Skyllex is an online trading broker owned by Skyllex PTY LTD. The company is located at Exchange Centre, 20 Bridge St Sydney NSW 2000, Australia.

To contact Skyllex, their support team can be reached via phone at N/A or by email at info@skyllex.com.

Their website can be found at : skyllex.com

It is essential to exercise caution and conduct deep research before engaging with any online trading platform, including Skyllex.

To help you make an educated decision, consider checking out our in-depth reviews of two other companies we have recently examined: AssetsTrade and Elite Traders.

Is Skyllex Legit or a Scam?

When researching an online broker, the first and most important step should always be to find out if they have a regulatory license from a financial institution. This will tell you whether they are regulated by a central authority or if you are dealing with an offshore and/or unregulated investment company.

Unfortunately, Skyllex is not regulated or authorized to operate by any major regulatory authority, which means it will be a difficult process to withdraw from this company if they decide to ignore your request or suspend your account for trivial reasons.

If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.

Read more about this topic in our dedicated article: Financial Regulation Authorities.