NEONSKY Review: Huge Scam Group Won’t Stop the Attacks

Financial authorities recently exposed a fraudulent scheme, which encompasses almost a hundred faux online trading platforms. Despite the warnings and regulatory actions, the vicious network only seems to grow. 

Read our NEONSKY review and find out how to stay protected and what to do in order to recover funds stolen by these miscreants.

Illicit Operations Revealed

Lack of registration details is an immediate red flag that you simply can’t ignore. If you’re trying to double check your broker of choice, regulatory permits are among the first things to look for. The NEONSKY broker, of course, owns none.

Since the website doesn’t reveal any data related to the company’s history and contacts, we decided to consult the regulatory databases. We found this firm on FMA’s list of unregulated online trading platforms. It is the only trace of this shady entity on the whole internet. Another scam we’ve recently exposed is IKKS Invest, so check out our review of their business and contact our legal advisors for more support on issuing a chargeback.

Faking the Service Life

Attention to detail is very important when it comes to debunking online hoaxes. For instance, the company claims to have been created in 2000. Their neonskyfx.com domain, however, did not exist prior to January 2025.

The con artists are mostly targeting people from these nations:

• Canada
• United Kingdom
• Australia
• Germany

Can’t Choose Your Account

Legitimate trading services usually offer several types of trading accounts, which are divided by technology, market execution type, and billing structure. In this case, there is only a singular type of a live trading account. Despite the advertisements, a demo is not actually available.

Unimpressive Trading App

Personal accounts are created through the main NEONSKY platform, which doubles as a client dashboard. It is a basic WebTrader environment with no outstanding qualities. The software features your basic asset selector, buy/sell, and pending orders. The environment itself is based on TradingView charts. When compared to industry-standard programs like cTrader or MT5, this app falls below any criteria.

However, we need to remember that this lack of features is a design choice, just like with KiaKiaFx. The less information the con artists have to manipulate, the less they have to worry about being found out.

Mobile Apps

There is a proprietary app for Android mobile devices on offer. The app is available through GooglePlay, with only a hundred unique downloads to date. So far, there are no user testimonials or NEONSKY reviews of the app in question.

Apple users are provided an app called AQUA WINGS instead. This time it’s not a trading app at all, but a unit conversion calculator. Available through the AppStore, the program was developed by an unknown studio only a couple of months ago.

The Illusion of Trading

The hoax wouldn’t work as well if the victims didn’t believe they are actually trading on the global markets. To maintain the ruse, the conners have offered several asset groups:

• Forex – EUR/USD, USD/JPY, CHF/GBP
• Cryptocurrencies – BTC; ETH, DOGE
• Commodities – Gold, Wheat, Natural Gas
• Indices – S&P 500, Nasdaq, Nikkei

The app makes it seem like you’re trading and making a fortune, but this is because the market data is edited. In reality, this unlicensed broker does not have actual access to the market.

Important Costs – Omitted

Every trader who is interested in investing on a certain platform would always like to know what are some of the basic costs. Expectedly, due to lack of transparency about all relevant questions, NEONSKY trading fees are also hidden.

The broker dealer claims to provide spreads as low as 0 pips and a leverage of 1:500, but no precise details are given. The same goes for other charges, including withdrawal fees and inactivity costs. 

Even if there are claims about the entire service being completely free, these shouldn’t be believed as this is a nasty money-hungry scheme we’re reviewing.

Refrain From Crypto Transfers

Funding your online trading account with the NEONSKY scam comes with substantial risk. Conducting crypto transactions means exposing your digital coins to risk and, at the same time, making the recovery procedure all the more complicated.

Although this funding method is definitely fast and hassle-free, it doesn’t mean that it’s just as safe. While swindlers can keep their identity concealed, they can efficiently empty your own wallet. At that, you will be charged ridiculous advance fees. Therefore, you can’t count on NEONSKY withdrawal without hidden costs and on your crypto to be safe.

Don’t Trust the Support

The website features a live chat function. Clicking on it, however, leads to a dangerous external site, and your web browser will warn you accordingly.

This is because the people in the support are working in the very boiler room as the agents that dragged you down. Asking them for help is like going to the wolves in hope they will give you a piece of meat.

Start Your Chargeback Today!

Have you tried investing on this unscrupulous site and lost funds to con artists? Please don’t hesitate to contact us as soon as possible. 

Our recovery specialists can help you locate your stolen crypto assets and take all the necessary steps towards regaining control over your funds. In order to book a free consultation, all you have to do is reach out to our chat agents.

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