SKY Forex Broker

Note: SKY' official website: https://www.skyprimefx.com/ is currently inaccessible normally. SKY Review Summary Founded2021 Registered Country/RegionSaint Vincent and the Grenadines RegulationUnregulated Market InstrumentsStocks/Equities, Futures, Indices, Precious Metals, Commodities, Forex Demo Account✅ LeverageUp to 1:500 EUR/ USD SpreadFrom 0.5 pips Trading PlatformsMT4 Minimum Deposit$10 Customer SupportPhone and email SKY, founded in 2021 and registered in Saint Vincent and the Grenadines, offers trading in a variety of markets. The platform primarily supports MT4 and provides two account types. But there are problems of its recent establishment and lack of regulation.Pros and Cons ProsCons Acceptable minimum depositNot regulated MT4 providedInaccessible website Limited ways to fundIs SKY Legit? SKY is not regulated. Besides, as of now, their website is not available. The domain skyprimefx.com was registered on November 17, 2021. Its status is clientTransferProhibited, which means that the domain cannot be transferred to another registrar without the current registrars approval. This status is often used to protect the domain from unauthorized transfers.What Can I Trade on SKY? SKY trade Stocks/Equities, Futures, Indices, Precious Metals, Commodities, and Forex. Tradable InstrumentsSupported Forex✔ Commodities✔ Indices✔ Cryptocurrencies❌ Stocks❌ Precious Metals✔ Bonds✔ Futures✔Account Type SKY offers two kinds of live accounts: ECN and PRIME accounts with minimum deposit of $10.Leverage SKY offers two types of accounts with varying leverage options. For those trading with an ECN account, the maximum leverage is set at 1:200. On the other hand, SKYs PRIME accounts come with a significantly higher leverage of 1:500.SKY Fees ECN Accounts: These accounts offer trading with spreads starting from 0.5 pips, but come with a commission fee of $7 per lot traded. PRIME Accounts: These accounts feature spreads starting from 1.0 pips, but without any commission fees.Trading Platform SKY claims it offers MT4 to trade. MT4 is a leading and widely-acclaimed trading platform, to facilitate efficient trading experiences.Deposit and Withdrawal SKY makes deposit and withdrawal through Bank Transfer.Customer Service You can contact SKY via phone and email. Contact OptionsDetails Phone+44 203-828-2469 / +1 416-907-9059 / +61 272574019 / +34 930301892 Emailsupport@traderpowers.com Contact Form❌ Online Chat❌ Social Media❌ Supported LanguageEnglish Website Language❌ Physical Addressfirst floor, first St. Vincent Ltd Building James Street, Kingstown, St. Vincent and the GrenadinesThe Bottom Line SKY offers forex services through MT4 trading platform with two kinds of live accounts. But it lacks regulation and currently has an inaccessible website.FAQs Is SKY safe? No. It has no regulation. Is SKY a good for beginners? No. It does not provide a rather safe trading condition so that beginners are easier to be scammed. Is SKY good for day trading? No.