About Skylark FX
Company Background
Skylark FX is a retail forex and CFD brokerage registered in the United Kingdom. The company was founded on September 19, 2022, and lists its registered address at 71-75 Shelton Street, London, WC2H9JQ. Its official website is scfxmarket.com.
Despite its UK registration, Skylark FX does not hold any known regulatory license from the Financial Conduct Authority (FCA) or any other major financial regulator. This lack of oversight is a significant factor for traders to consider.
Account Tiers
Skylark FX offers five distinct account types, catering to different trader profiles. The Micro account has a flexible minimum deposit ranging from $100 to $5,000, while the Active and Mega accounts each require a $1,000 deposit. The Extreme account also starts at $1,000, and the VIP account requires a substantial $10,000 minimum.
Each account tier comes with a different maximum leverage, from 1:500 on the Micro account down to 1:100 on the VIP account. This structure allows traders to choose a risk level that suits their strategy.
Trading Instruments
Our records do not specify the full list of trading instruments offered by Skylark FX. The broker’s website may provide details on available forex pairs, indices, commodities, or cryptocurrencies. Traders should verify instrument availability before opening an account.
Given the lack of published instrument data, potential clients are advised to contact the broker directly for a comprehensive list of tradeable assets.
Regulatory Status
Skylark FX is registered as a company in the United Kingdom, but it is not authorized or regulated by the Financial Conduct Authority (FCA) or any other recognized regulatory body. This means traders do not have access to UK investor protection schemes such as the Financial Services Compensation Scheme (FSCS).
The absence of regulation significantly increases the risk for clients. FXCanary’s risk assessment gives Skylark FX a Scam Risk Score of 85 out of 100, indicating a severe level of risk.
Target Audience
Skylark FX appears to target a broad spectrum of retail traders, from beginners to high-net-worth individuals. The low entry point of the Micro account ($100) may appeal to novice traders, while the high-leverage options (up to 1:500) could attract experienced speculators.
However, the broker’s unregulated status means it is best suited only for those traders who fully understand the risks and are willing to forgo regulatory protections.
Risk Considerations
Trading with Skylark FX carries considerable risk due to the lack of regulatory oversight. Investors have no recourse to a financial ombudsman or compensation scheme in case of disputes or broker insolvency.
Additionally, the high leverage offered (up to 1:500) can amplify both gains and losses, making it unsuitable for risk-averse traders. Due diligence is strongly recommended before committing funds.
Overview compiled by FXCanary from regulatory records and public data. full Skylark FX review