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Rating Index
Pros
Offers access to a variety of financial instruments, including forex, CFDs, commodities, and indices.
Customer support is reported to be responsive and helpful, providing a positive experience for traders.
Execution speed is noted to be fast, which can enhance trading efficiency.
Cons
The broker is unregulated, raising concerns about the safety and security of client funds.
Lacks established trading platforms like MetaTrader 4 or 5, which are popular among traders for their features.
No insurance for clients, which could expose traders to higher risks in case of issues with the brokerage.
SKY BROKING broker Accounts
Sky Broking Account Type
Sky Broking offers a variety of trading accounts to cater to different investor needs. The main types of accounts include:
- Regular Trading Account:
- Designed for general investors.
- Offers access to a wide range of financial instruments including stocks, commodities, and mutual funds.
- Basic Services Demat Account (BSDA):
- Tailored for smaller investors with lower fees.
- Ideal for those who do not trade frequently and want to minimize costs.
- NRI Trading Account:
- Available for Non-Resident Indians (NRIs) to facilitate trading in Indian markets.
- Options for repatriable and non-repatriable accounts based on the investor's needs.
- Commodity Trading Account:
- Specifically for trading in commodities on exchanges like MCX.
- Offers specialized features for commodity traders.
- Visit the Sky Broking Website:
- Go to the official website Sky Broking.
- Choose Account Type:
- Select the type of account you wish to open (Regular, BSDA, NRI, etc.).
- Fill Out the Application Form:
- Complete the account opening form with your personal details.
- Document Submission:
- Provide necessary documents such as:
- Identity proof (Aadhaar, PAN card, etc.)
- Address proof (Utility bill, passport, etc.)
- Bank account proof (Cancelled cheque, bank statement).
- KYC Verification:
- Complete the Know Your Customer (KYC) process, which may include uploading documents and a video verification.
- Digital Signature:
- Sign the application digitally using Aadhaar OTP for a paperless process.
- Account Activation:
- Once your documents are verified, you will receive your account details via email.
- You can start trading on the same day after account activation.
- Support:
- For any queries or assistance, you can contact Sky Brokings customer service.
Sky Broking Broker Account Opening Process
Opening an account with Sky Broking is a straightforward process that can be completed online. Heres a step-by-step guide:
This seamless process ensures that you can quickly start your trading journey with Sky Broking.
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SKY BROKING accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .