SKANESTAS

Overview of SKANESTAS

SKANESTAS, based in Cyprus for 5-10 years, offers a wide array of trading assets including stocks, ETFs, currencies, derivatives, and more.

Its advantages lie in global market access, profit-sharing portfolio management, in-house algorithmic trading development, Direct Electronic Access (DEA), and regulatory compliance under the Cyprus Securities and Exchange Commission (CySEC).

Despite these strengths, limited customer support outside business hours and fewer research tools compared to larger firms pose challenges.

Nevertheless, SKANESTAS is a regulated brokerage, providing traders with various investment opportunities while ensuring adherence to established standards of conduct and investor protection.

Regulatory Status

SKANESTAS operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC), holding a Market Making (MM) license with registration number 251/14.

Being regulated by CySEC ensures that SKANESTAS adheres to established standards and guidelines, providing a level of assurance to traders regarding the platform's credibility and reliability. This regulation status significantly influences traders on the platform by instilling confidence in the integrity of SKANESTAS operations, assuring them of fair practices, investor protection, and adherence to legal and ethical standards.

Pros and Cons

Pros:

• Wide range of financial instruments available for trading: SKANESTAS offers a wide selection of financial instruments including stocks, ETFs, currencies, and derivatives. This extensive range allows investors to diversify their portfolios and explore various investment opportunities across different asset classes.

• Access to various markets: SKANESTAS provides access to multiple markets including local, EU, non-EU Europe, and US markets. This broad market access enables investors to capitalize on global investment opportunities and diversify their portfolios internationally.

• Portfolio management services with profit-sharing model: SKANESTAS offers portfolio management services with a profit-sharing model. This service allows clients to benefit from the expertise of experienced portfolio managers who actively manage their investments.

• In-house development of algorithmic trading strategies: SKANESTAS specializes in the development of algorithmic trading strategies in-house. Leveraging advanced technologies such as machine learning and artificial intelligence, SKANESTAS creates sophisticated algorithms for optimized trading performance.

• Direct Electronic Access (DEA) for clients to utilize their own algorithms: SKANESTAS provides Direct Electronic Access (DEA), allowing clients to utilize their own algorithms for trading. This direct access empowers clients to implement their trading strategies with greater control and efficiency.

• Regulated by the CySEC: SKANESTAS is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring adherence to established standards of conduct and investor protection.

Cons:

• Limited availability of educational resources for novice traders: SKANESTAS offers limited educational resources for novice traders, which may pose challenges for those seeking comprehensive learning materials to improve their trading skills.

• Limited customer support options outside of business hours: SKANESTAS provides limited customer support options outside of business hours, which may inconvenience clients requiring assistance during non-standard hours or time zones.

• Limited research and analysis tools compared to larger brokerage firms: SKANESTAS offers fewer research and analysis tools compared to larger brokerage firms, which may limit the depth of analysis and insights available to traders. This could potentially impact trading decisions and overall performance.

Market Instruments

SKANESTAS provides a wide range of trading assets encompassing various financial instruments.

Stocks, ETFs (Exchange-Traded Funds), ADRs (American Depositary Receipts), and GDRs (Global Depositary Receipts) are available for trading, both on exchanges and over-the-counter (OTC) markets.

Additionally, traders can access a wide array of currencies, including spot trading and derivatives such as SWAPs, futures, options, and forwards.

For investors seeking fixed-income opportunities, SKANESTAS offers bonds and eurobonds through OTC and REPO markets.

The platform also facilitates trading in derivatives, which includes exchange-traded contracts on indexes, shares, commodities, and currencies, as well as OTC forwards and options.

Furthermore, traders can explore structured financial products through OTC channels.

Services

SKANESTAS offers a comprehensive range of services tailored to meet the various needs of investors in the financial markets:

1. Brokerage Services:

• Access to various trading floors and venues including local, EU, non-EU Europe, and US markets.

• Over-the-counter (OTC) trading opportunities for increased market access and flexibility.

1. Portfolio Management:

• Skanestas Investments offers portfolio management services characterized by an experienced team, advanced infrastructure, and personalized approach.

• Profit-sharing model with scaled performance fees based on profits, subject to a hurdle rate and high watermark, ensuring alignment of interests with clients.

1. Algorithmic Trading (AT):

• Algorithmic trading involves executing trade orders using automated and pre-programmed trading instructions.

• Skanestas develops algorithms in-house, leveraging machine learning and artificial intelligence for advanced trading strategies.

• AT is typically available to professional clients and eligible counterparties, enhancing trading efficiency and responsiveness to market conditions.

How to Open an Account？

To open an account with SKANESTAS, follow these concrete steps:

1. Click LOGIN on the homepage of the official website

1. Registration:

1. Fill out the required fields including your name, last name, and email address.

2. Ensure that all mandatory fields are completed accurately to proceed with the registration process.

2. Agreement Number:

1. Enter the agreement number provided to you by SKANESTAS.

2. This agreement number serves as a unique identifier and is essential for account verification.

3. Verification Code:

1. Input the verification code received via email or SMS.

2. This code is necessary to confirm your identity and authenticate your registration.

4. Confirmation:

1. Review the provided information for accuracy.

2. Click “Confirm” or “Submit” to finalize the account opening process.

Customer Support

SKANESTAS offers comprehensive customer support to address user inquiries. Their dedicated team can be reached via phone at +357 25 212 293 or through fax at +357 25 253 640.

For further assistance, users can also reach out via email at info@skanestas.com. Additionally, customers can visit their physical location at 226 Makariou III Avenue, 1st floor, 3030, Limassol, Cyprus.

Conclusion

In conclusion, SKANESTAS presents a compelling option for traders seeking access to a wide range of financial instruments and global markets. Its profit-sharing portfolio management and in-house development of algorithmic trading strategies underscore its efforts to innovation and client success.

FAQs

Question: What financial instruments can I trade with SKANESTAS？

Answer: SKANESTAS offers a wide range of instruments including stocks, ETFs, currencies, derivatives, bonds, eurobonds, and structured financial products.

Question: Is SKANESTAS regulated？

Answer: Yes, SKANESTAS is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with established standards and investor protection.

Question: Does SKANESTAS offer portfolio management services？

Answer: Yes, SKANESTAS provides portfolio management services with a profit-sharing model, allowing clients to benefit from professional management expertise.

Question: Can I utilize my own algorithms for trading with SKANESTAS？

Answer: Yes, SKANESTAS offers Direct Electronic Access (DEA), enabling clients to utilize their own algorithms for trading.

Question: What customer support options are available with SKANESTAS？

Answer: SKANESTAS offers customer support via phone, fax, email, and physical location.