Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Skadeva Pros & Cons
- Regulated operations and encrypted client data
- Minimum trade is 0.01 lots
- More than 160 instruments, including over 40 currency pairs
- Negative balance protection for all clients
- Multiple account types and a demo account with $100,000 in virtual funds
- Educational resources for beginners and advanced traders
- 24/7 customer support through multiple channels
- Withdrawals usually take 8 to 10 business days
- An inactivity fee is charged
- No access to popular Forex platforms such as MetaTrader or cTrader
TU Expert Verdict
Skadeva carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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Skadeva User Reviews
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5-star
3%
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4-star
9%
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3-star
82%
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2-star
6%
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1-star
0%
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Is Skadeva Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria3.7 /10Skadeva has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.7.3 /10Skadeva offers the following account options: Demo, Standard.
Skadeva covers the core account types, making it convenient for traders with different preferences and strategies.
- Standard account with balanced trading conditions
- Low minimum deposit
- Demo account
- No VIP account option
- No Swap Free account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4.5 /10Skadeva received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.8 /10Skadeva offers a limited selection of trading assets compared to the market average. The platform supports 160 assets in total, including 45 Forex pairs.
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Trading Account Opening
We successfully registered an account with Skadeva in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Skadeva is $250.Score:We evaluated Trading Account Opening at Skadeva by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at Skadeva by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria7.1 /10
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FAQs
What does Skadeva’s regulation and safety score indicate about its overall risk level?
Skadeva has a safety score of 3.7/10, which corresponds to a low security level in the Traders Union assessment. It is regulated by the Mwali International Services Authority (MISA) in The Comoros, a Tier-3 regulator, and offers negative balance protection and KYC verification, but it is not Tier-1 regulated, has no specified investor compensation fund, and has a track record of less than 8 years, which may increase risks compared to more established, higher-tier jurisdictions.
How are Skadeva’s account types structured and what trading conditions do they offer?
Skadeva provides several live account tiers—Classic, Silver, Gold, Platinum, and VIP—along with a demo account funded with $100,000 in virtual balance. These accounts differ mainly in EUR/USD spreads and swap conditions, with spreads starting from 2.5 pips on Classic and Silver accounts and narrowing to 0.9 pips on the VIP account, while the broker does not offer Cent, Micro, Swap Free, or managed account options.
What do Skadeva user reviews and feedback scores reveal about client satisfaction?
Skadeva has a user satisfaction score of 6.2/10 based on 33 reviews, with the majority (82%) being 3-star ratings and smaller portions of 4- and 5-star reviews. According to user reviews, this distribution suggests a generally mixed experience, with many clients viewing the service as average rather than strongly positive or negative.
Which markets and instruments can traders access with Skadeva, according to available reviews and information?
Skadeva offers 160 tradable assets, including 45 currency pairs, as well as stocks, stock indices, commodity futures, and cryptocurrencies. The selection is described as limited compared to the market average, and there are no options, bonds, ETFs, copy trading, PAMM investing, or managed account products mentioned in this section.
What do reviews and client feedback say about Skadeva’s customer support channels and responsiveness?
Skadeva’s customer support is described as generally reliable, with 24/7 availability via live chat, email, phone, website feedback form, and social media channels such as Facebook, X, and Instagram. Based on user feedback in testing, responses in live chat were mostly fast and clear, although occasional delays and some room for improvement in speed and consistency are noted.
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