Skilled Funded Traders has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to AnyCoin Capital. We’ve received over 3 complaints against Skilled Funded Traders.
Skilled Funded Traders, lead by CEO Omar Agag, debuts in the US proprietary trading sector, claiming innovation and profitability. However, it is being criticized for its poor service, unclear evaluation processes, and high fraud risk. The firm’s restricted trading options and unrealistic profit expectations stand in stark contrast to its risk-management claims. Furthermore, its lack of regulation and transparent leadership raises questions about its legality and integrity, cautioning prospective traders.
Get Your Money Back From These Scammers!
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Key Takeaways
Is Skilled Funded Traders Regulated? Do They Have a License?
Skilled Funded Traders, led by CEO Omar Agag, has lately risen on the proprietary trading market, quickly establishing a considerable presence in the United States. While it portrays itself as a beacon of innovation and profitable prospects for traders, a closer look shows a wide range of issues, including subpar customer service, dubious evaluations, and suspicions of high fraud.
Unlike the large choice of trading instruments and leverage options stated, Skilled Funded Traders provides a limited selection that fails to meet the different needs of traders. While leverage options vary, they frequently expose traders to undue risk, which contradicts risk management best practices.
The firm’s two-step review method, far from being flexible, establishes unrealistic profit expectations that place unnecessary pressure on traders. The inflexible structure of the evaluation procedure ignores the intricacies of trading methods, making it difficult for expert traders to exhibit their abilities effectively.
Despite promises of cutting-edge technology and a welcoming community, many traders criticize antiquated platforms and a lack of true community support.
The heavily publicized Discord communities and Trustpilot ratings appear to be manipulated, casting doubt on the validity of trader contentment.
The passionate ownership narrative championed by Omar Agag, Paladin, and Riz Iqbal conceals a lack of real trading experience and a string of unfulfilled promises. Their journey from traders to founders does not inspire trust, as the firm’s operations remain cloaked in mystery and inconsistency.
While the company offers rich funding opportunities, many traders become ensnared in a web of stringent requirements and capped funding, limiting their ability to scale their trading techniques efficiently.The firm’s risk management strategy is, at best, shallow. The lack of effective risk controls and rules exposes traders to enormous financial risks, contradicting the firm’s claims that trader safety is a top priority.
The performance-based reward mechanism, while appearing to coincide with trader success, frequently works against traders due to ambiguous calculations and delayed payments. This arrangement generates a conflict of interest by emphasizing business profits over trader earnings.
The simulated trading environment fails to effectively mirror real-market conditions, giving traders a false sense of security. This disparity becomes apparent when traders go to live markets, resulting in unanticipated losses.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Skilled Funded Traders is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Skilled Funded Traders, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Skilled Funded Traders
The promised access to professional-grade tools and platforms falls short, with traders reporting out-of-date software and limited resources. This absence of appropriate tools impedes traders’ ability to implement successful strategies and remain competitive in the markets.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers actually stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Skilled Funded Traders Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that in order to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, the customer support won’t resolve your issues and become increasingly unavailable.
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Skilled Funded Traders Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Skilled Funded Traders tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Skilled Funded Traders reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews that are posted by temporary accounts (profiles which only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Skilled Funded Traders, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Skilled Funded Traders enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Skilled Funded Traders reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Skilled Funded Traders.
You should always look out for consumer complaints. In the case of Skilled Funded Traders, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees and charges
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Skilled Funded Traders? You can share your complaint in the comment section or submit an anonymous tip.
Is Skilled Funded Traders Legit Or Scam?
This critical analysis of Skilled Funded Traders reveals a corporation that fails to deliver on its promises, with restricted offerings, opaque operations, and a lack of actual assistance for traders. The attractive story created by the firm’s leadership does not hold up under investigation, implying that new traders should exercise care and undertake extensive study before joining.
The proprietary trading market provides numerous prospects, but Skilled Funded Traders may not be the shining example of innovation it claims to be.
Skilled Funded Traders is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Skilled Funded Traders can run away with your money without any prior notice. You should be extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Skilled Funded Traders?
All the evidence suggests that Skilled Funded Traders is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Skilled Funded Traders a scam?
Can I withdraw money from Skilled Funded Traders?
Where is Skilled Funded Traders Located?
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How The Skilled Funded Traders Online Scam Works
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