Sky Gold Market Forex Broker

Sky Gold Market Review SummaryFounded2022Registered Country/RegionSeychellesRegulationNo regulationMarket InstrumentsForex, futures, indices, shares, metals, energies, and cryptocurrenciesDemo Account/LeverageUp to 1:500SpreadTypical 1 pip (Beginner account)Trading PlatformWebTrader, Trader7Minimum Deposit$250Customer SupportContact formPhone: (+1) 251 418 4454Email: support@skygoldmarket.comAddress: F26 First Floor, Eden Plaza, Eden Island, SeychellesSky Gold Market Information Sky Gold Market was founded in 2022 and registered in Seychelles. It offers seven types of trading instruments: forex, futures, indices, shares, metals, energies, and cryptocurrencies with leverage up to 1:500 on WebTrader and Trader7 platforms. However, it is unregulated, and the minimum deposit is as high as $250.Pros and ConsProsConsVarious trading instrumentsNo regulationOffer four account typesHigh minimum deposit ($250)No MT4/MT5Unclear funding methodsIs Sky Gold Market Legit? Sky Gold Market is unregulated. Please be aware of the risk! Its domain skygoldmarket.com was registered on August 21, 2022, and will expire on August 21, 2026.What Can I Trade on Sky Gold Market? Sky Gold Market offers a total of seven trading instruments: forex, futures, indices, shares, metals, energies, and cryptocurrencies.Tradable InstrumentsSupportedForex✔Futures✔Indices✔Shares✔Metals✔Energies✔Cryptocurrencies✔Bonds❌Options❌ETFs❌Account Type & Fees Seychelles offers four account types: Beginner, Intermediate, Advanced, and VIP.Account TypeBeginnerIntermediateAdvancedVIPMinimum Deposit$250$20,000$50,000$100,000Maximum Leverage1:5001:3001:100Typical Spread1 pip0.1 pips0.7 pips0.1 pipsCommission on FX0$3.50 USD/EUR per 100,0000$2.50 USD/EUR per 100,000Max Trade Size5 lots40 lotsUnlimited lotsAvailable InstrumentsFX, Indices, Commodities, Metals, Crypto, ActionsFX, Indices, Commodities, MetalsLeverage Sky Gold Market offers leverage up to 1:500, with the highest leverage available for the Beginner account, while the leverage for the Advanced account is lower, at 1:100. Note that higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial.Trading Platform Sky Gold Market offers two main trading platforms: WebTrader and Trader7.Trading PlatformSupportedAvailable DevicesSuitable forWebTrader✔Web/Trader7✔Windows, macOS, iOS, Android/MT4❌/BeginnersMT5❌/Experienced traders