Reported as a scam / unregulated
Why SKY FINANCE GROUP is on the register
Sky Finance Group claims its foundation in 2016 and has won awards in 2017 and 2018. However, this statement sounds more like false advertising of its reputation as this broker’s domain was just created in late 2021. Besides, this broker claims to be authorized and supervised by the US National Futures Association (NFA) with registration number 0537664. We indeed found a matching result in NFA’s registry, however, Sky Finance Group is not overseen by the regulator as it is not an approved member of the regulator. As a forex trader, you must bear in mind that if a broker claims to be eligible to solicit US customers in forex activities, it must: 1) be accredited as an approved Forex Dealer Member of NFA; 2) admitted as a “retail forex exchange dealer.” Obviously, Sky Finance Group doesn’t satisfy these conditions. That means, this broker is merely a registered firm rather than a regulated one and is not qualified to carry out such services. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.