SkywardFX Flagged as Unauthorized Broker by Financial Conduct Authority

The UK Financial Conduct Authority (FCA) has issued an official warning regarding SkywardFX, alerting consumers that the entity is operating and promoting financial services without proper authorization. According to the regulatory alert, SkywardFX is targeting individuals within the United Kingdom without holding the required regulatory licenses or permissions. Engaging with an unauthorized broker poses severe financial risks, as investors will not have access to standard investor protection mechanisms. Entity Details Identified by the Regulator: - Firm Name: SkywardFX - Address: Global Forex Trade Center, Business Avenue, UNITED KINGDOM - Email: [email protected] - Website: https://skywardfx.live/ The FCA notes that unauthorized entities often provide false or misleading contact details, including bogus postal addresses, and may update these details regularly to evade detection. Investors who deal with unauthorized firms such as SkywardFX lose access to the Financial Ombudsman Service and will not be covered by the Financial Services Compensation Scheme (FSCS). This means that should the platform collapse, shut down, or refuse withdrawals, investors are unlikely to recover their funds. Consumers are strongly advised to verify any trading platform or broker using the FCA Register before transferring funds or sharing personal financial information. Any interactions with suspicious or unauthorized operators should be reported directly to regulatory authorities.