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Sky-Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://crm.sky-markets.com/Public/register, about the company's legal and temporary regulatory information, the company's address .

Sky-Markets Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

Sky-Markets

Abbreviation

Sky-Markets

Company employee

Customer Service Email Address

CS@SKY-MARKETS.COM

Company Website

https://www.sky-markets.com/en/

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Aspect Information Company Name Sky-Markets Registered Country/Area United Kingdom Founded Year 2-5 years Regulation Unregulated Market Instruments Forex, CFDs, metals, and energy Account Types Standard, Pro, VIP Minimum Deposit $50 Maximum Leverage 1:500 Spreads Starting from 0.5 pips Trading Platforms MetaTrader 4, MetaTrader 5 Demo Account Yes Customer Support Email CS@SKY-MARKETS.COM Deposit & Withdrawal Credit/Debit Cards, E-wallets, Bank Transfers, and Cryptocurrencies Educational Resources Tutorials, Webinars, Articles, and Video Guides Overview of Sky-Markets Sky-Markets, a United Kingdom-based Forex company established within the last 2-5 years, operates in the financial markets with a focus on providing trading services in Forex, CFDs, metals, and energy. Despite being unregulated, Sky-Markets offers a range of account types, including Standard, Pro, and VIP, catering to the diverse needs of traders. To start trading with Sky-Markets, a minimum deposit of $50 is required, providing accessibility to a broad spectrum of traders. The company offers a maximum leverage of 1:500, allowing traders the potential for amplified returns on their investments. With competitive spreads starting from 0.1 pips, Sky-Markets aims to keep transaction costs low. The trading platform is supported on MetaTrader 4 and MetaTrader 5, offering a familiar and user-friendly experience. For those looking to practice without financial risk, a demo account is available. Regulatory Status Sky-Markets functions as an unregulated trading platform, indicating that it operates without being subject to the supervision of any financial regulatory body. Traders and investors need to recognize that the lack of regulatory oversight introduces extra risk. In environments without regulations, clients may find their options for recourse and protection restricted in cases of disputes or unforeseen problems. It is crucial for individuals contemplating involvement with Sky-Markets to exercise caution and thoroughly evaluate their risk tolerance, given the unregulated nature of the broker. Pros and Cons Pros Cons Wide Range of Market Instruments Limited Educational Resources Popular Trading Platforms Higher Minimum Deposit for Pro Account Variety of Account Types Mixed Reviews of Customer Support Fractional Trading Limited Regulation Pros: Wide Range of Market Instruments: Sky-Markets offers a wide range of market instruments to trade, including Forex, CFDs, Metals, and Energies. This gives traders a variety of options to choose from and allows them to diversify their portfolios. Popular Trading Platforms: Sky-Markets offers two of the most popular trading platforms in the industry, MetaTrader 4 and MetaTrader 5. These platforms are known for their user-friendly interface and powerful features. Variety of Account Types: Sky-Markets offers a variety of account types to suit different trading styles and needs. This includes Standard accounts for beginners, Pro accounts for experienced traders, and VIP accounts for high-volume traders. Fractional Trading: Sky-Markets offers fractional trading, which allows traders to purchase a fraction of a share of a stock or other asset. This can be beneficial for traders who have limited funds or who want to diversify their portfolios more effectively. Cons: Limited Educational Resources: Sky-Markets offers a limited number of educational resources compared to some other brokers. This could be a disadvantage for beginners who are looking for more guidance. Higher Minimum Deposit for Pro Account: Sky-Markets' minimum deposit for a Pro account is $500, which is higher than some other brokers. This could be a barrier for some traders. Mixed Reviews of Customer Support: Sky-Markets' customer support has received mixed reviews from traders. Some traders have reported that the support is slow and unresponsive. Limited Regulation: Sky-Markets is not regulated by any major financial authorities. This means that traders' funds and interests may not be as protected as they would be with a regulated broker. Market Instruments Sky-Markets offers a diverse array of market instruments designed to meet the dynamic needs of traders. Among the featured instruments are Forex, CFDs, Metals, and Energies. Forex, or foreign exchange, serves as the cornerstone of Sky-Markets' offerings. This market enables traders to engage in the buying and selling of currencies, providing opportunities to profit from fluctuations in exchange rates. Contracts for Difference (CFDs) form another integral part of Sky-Markets' portfolio. CFDs allow traders to speculate on the price movements of various financial instruments without owning the underlying assets. This flexibility enables traders to potentially profit in both rising and falling markets. Metals, a valuable and enduring asset class, are also part of Sky-Markets' offerings. Traders can explore opportunities in precious metals like gold and silver, capitalizing on their intrinsic value and historical significance in financial markets. Furthermore, Sky-Markets provides access toenergy markets, allowing traders to participate in the trading of commodities such as oil and natural gas. The energy market is known for its global impact and can be influenced by geopolitical events, making it an intriguing option for traders seeking diverse opportunities. In summary, Sky-Markets' market instruments encompass Forex for currency trading, CFDs for versatile financial speculation, Metals for valuable commodities, and Energies for participation in the dynamic energy market. This comprehensive suite of offerings aims to cater to the diverse preferences and strategies of traders in the ever-evolving financial landscape. Account Types Sky-Markets provides 3 different account types including Standard, Pro, and VIP. The maximum leverage of the account is 1:500 provided by Standard where the minimum deposit is $100. Account Type Minimum Deposit Leverage Standard $100 Up to 1:500 Pro $500 Up to 1:200 VIP $10,000 Up to 1:50 How to Open an Account？ Opening an account with Sky-Markets is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved: Choose your account type: Sky-Markets offers three account types, each tailored to different experience levels and trading needs. Visit the Sky-Markets website and click “Open Account.” Fill out the online application form: The form will request your personal information, financial details, and trading experience. Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading. Fund your account: Sky-Markets offers various deposit methods, including bank transfers, credit/debit cards, and e-wallets. Choose your preferred method and follow the instructions to complete the deposit. Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address. Start trading: Once your account is verified, you're ready to explore the Sky-Markets trading platform and start making trades. Leverage Sky-Markets offers up to 1:500 leverage on all account types. Leverage allows traders to control a larger position size with a smaller amount of margin. For example, if you have a leverage of 1:100, you can control a position of $50,000 with a deposit of $100. Leverage can amplify your profits, but it can also amplify your losses. It is important to use leverage wisely and to understand the risks involved. Spreads & Commissions Spreads and Commissions required by Sky-Markets vary on the account types. Spread starts from 0.5 pips and no more than 1.2 pips. Account Type Spreads (EUR/USD) Commissions Standard 1.2 pips None Pro 0.8 pips $0.5 per lot VIP 0.5 pips None Trading Platform Sky-Markets provides traders with a choice of two distinct trading platforms, each tailored to meet diverse trading styles and preferences. MetaTrader 4 (MT4): a widely acknowledged and versatile trading interface. MT4 is renowned for its user-friendly design, advanced charting tools, and extensive customization options. Its popularity among forex traders is attributed to its comprehensive technical analysis capabilities and robust support for automated trading through Expert Advisors (EAs).MetaTrader 5 (MT5): the successor to MT4, introduces advanced features tailored to meet the evolving needs of traders. It supports an expanded range of financial instruments, encompassing stocks, commodities, cryptocurrencies, and more. MT5 offers enhanced charting tools and timeframes for in-depth technical analysis. Traders benefit from an integrated economic calendar and news features to stay informed about market events. With the MQL5 programming language, MT5 allows the development of sophisticated trading algorithms and Expert Advisors, offering greater flexibility in strategy implementation. Deposit & Withdrawal Sky-Markets provides a variety of deposit and withdrawal options, including Credit/Debit Cards, E-wallets, Bank Transfers, and Cryptocurrencies. Cryptocurrencies allow a minimum deposit of $50 with 1% fees. Sky-Markets' fees range from 0% to 25%, and processing times vary from instant to 2-5 business days. Fees Method Deposit Fee Withdrawal Fee Minimum Deposit Minimum Withdrawal Credit/Debit Cards 0% 3% $100 $50 E-wallets (Skrill, Neteller) 3% 2% $100 $50 Bank Transfers 0% $25 $1,000 $250 Cryptocurrencies 1% 1% (network fee may apply) $50 $50 Processing Time Method Deposit Processing Time Withdrawal Processing Time Credit/Debit Cards Instant 3-5 business days E-wallets (Skrill, Neteller) Instant Up to 24 hours Bank Transfers 1-3 business days 3-5 business days Cryptocurrencies Instant Up to 24 hours (network fee processing time may apply) Customer Support Sky-Markets offers Email CS@SKY-MARKETS.COM as its customer support channel, providing users with a convenient and asynchronous means of seeking assistance. While email support may not offer real-time communication, it serves as a valuable and effective channel for users who prefer a more detailed and documented form of interaction with Sky-Markets' customer support team. Educational Resources Sky-Markets provides a comprehensive set of educational resources to support traders in their learning journey. Here's an overview of these resources: Tutorials: Tutorials offered by Sky-Markets are designed as step-by-step guides, providing users with a systematic approach to understanding various aspects of trading. Webinars: Sky-Markets conducts live webinars, offering users the opportunity to participate in interactive sessions hosted by experienced professionals in the field. Articles: Articles provided by Sky-Markets offer in-depth insights into various aspects of trading, market conditions, and financial instruments. Video Guides: Video guides are visual learning resources that leverage the power of multimedia to convey information effectively. Sky-Markets' educational resources, including tutorials, webinars, articles, and video guides, are designed to cater to traders of varying skill levels. Whether traders prefer step-by-step instructions, real-time interactive sessions, in-depth articles, or visual guides, the diverse range of resources ensures that users can choose the learning format that best suits their preferences and needs. Overall, these educational materials are instrumental in empowering traders with the knowledge and skills required to navigate the complexities of financial markets. Conclusion In summary, Sky-Markets provides a variety of market instruments, trading platforms, and account types, offering flexibility to traders. However, there are drawbacks. Limited educational resources may challenge beginners, and a higher minimum deposit for the Pro account could be a barrier for some traders. The absence of regulatory oversight poses a risk to traders' funds and interests. It's important for users to carefully weigh the platform's pros and cons, considering their trading goals, experience, and risk tolerance. Thorough research is crucial for informed decisions in the online trading landscape. FAQs Q1: What financial instruments can I trade on Sky-Markets？ A1: Sky-Markets offers a diverse range of financial instruments, including Forex, CFDs, Metals, and Energies, providing traders with various options for portfolio diversification. Q2: What trading platforms are available on Sky-Markets？ A2: Sky-Markets provides access to two popular and user-friendly trading platforms, MetaTrader 4 and MetaTrader 5, ensuring a familiar and powerful trading experience. Q3: Does Sky-Markets support fractional trading？ A3: Yes, Sky-Markets enables fractional trading, allowing traders to purchase fractions of shares or assets, even with limited funds. This feature facilitates portfolio diversification and investment flexibility. Q4: Is Sky-Markets regulated by financial authorities？ A4: No, Sky-Markets is not regulated by major financial authorities. Traders should be aware of the potential implications of trading with an unregulated broker, including concerns about fund security and regulatory compliance. Q5: Can I use automated trading strategies on Sky-Markets？ A5: Yes, Sky-Markets supports automated trading strategies. The MetaTrader 4 and MetaTrader 5 platforms offered by the broker include features for algorithmic and automated trading through expert advisors (EAs).

Sky-Markets broker review

Is Sky-Markets safe or scam

Rating Index

How to login to Sky-Markets?

sky-markets Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a sky-markets Account Registering for a sky-markets account is a straightforward process that allows you to access the trading platform and its various financ

Sky-Markets Forex Broker - Comprehensive Information Guide

1. Broker Overview

　　Sky-Markets is a forex brokerage firm that has been operational for approximately 2 to 5 years. The company is registered in the United Kingdom, with its main offices located in Hong Kong and additional addresses in the UK. As a private entity, Sky-Markets provides trading services primarily to retail clients, focusing on various financial instruments including forex, CFDs, metals, and energy.

　　The firm's development has been marked by its establishment in a competitive trading environment, aiming to cater to the diverse needs of traders seeking various market opportunities. Despite its relatively short existence, Sky-Markets has positioned itself as a player in the online trading landscape, offering multiple account types and trading platforms. However, it operates without any regulatory oversight, which raises concerns about its legitimacy and the safety of client funds.

　　Sky-Markets follows a retail trading business model, providing individual traders with access to the forex market and other financial instruments. The broker aims to facilitate trading by offering a user-friendly platform and a range of educational resources, although the depth of these resources has been criticized.

2. Regulatory and Compliance Information

　　Sky-Markets operates as an unregulated broker, meaning it does not hold a license from any major financial regulatory authority. This lack of regulation is a significant concern for potential clients, as it implies that the broker is not subject to the same oversight and accountability that regulated firms must adhere to.

　　The following are key points regarding its regulatory status:

Regulatory Bodies: Sky-Markets does not have any licenses from recognized regulatory bodies such as the Financial Conduct Authority (FCA) in the UK or the Securities and Futures Commission (SFC) in Hong Kong.
Licensing Information: No valid regulatory information has been provided, raising red flags about the broker's operational legitimacy.
Client Fund Protection: There are no clear policies regarding the segregation of client funds, which typically protects traders' deposits in regulated environments.
Compensation Fund Participation: Sky-Markets does not participate in any investor compensation schemes that would offer protection to clients in the event of the broker's insolvency.
KYC and AML Compliance: The broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is unclear, further complicating the security of client funds.

　　Given these factors, potential clients should exercise extreme caution when considering trading with Sky-Markets.

3. Trading Products and Services

　　Sky-Markets offers a diverse range of trading products designed to meet the needs of various traders. The following outlines the key offerings:

Forex Pairs: The broker provides access to a selection of forex pairs, including major, minor, and exotic currencies. The exact number of available pairs is not specified, but they typically include popular options like EUR/USD, GBP/USD, and USD/JPY.
CFD Products: Sky-Markets offers Contracts for Difference (CFDs) across several asset classes, including:
Indices: Major global indices such as the S&P 500 and FTSE 100.
Commodities: Precious metals like gold and silver, as well as energy products such as oil and natural gas.
Stocks: A selection of equities from various markets, although specific stocks are not detailed.
Cryptocurrencies: Some offerings in the cryptocurrency space may be available, but details are limited.
Unique Trading Features: The broker claims to support fractional trading, allowing traders to invest in fractions of shares, which can be beneficial for those with limited capital.
Product Updates: Information regarding the frequency of product updates and the introduction of new instruments is not explicitly provided.

　　Sky-Markets aims to cater to both novice and experienced traders by offering a variety of trading services, although the lack of regulatory oversight may deter some potential clients.

4. Trading Platforms and Technology

　　Sky-Markets supports two of the most popular trading platforms in the industry:

MetaTrader 4 (MT4): Known for its user-friendly interface and extensive charting capabilities, MT4 is widely favored by forex traders. It offers advanced technical analysis tools and supports automated trading through Expert Advisors (EAs).
MetaTrader 5 (MT5): This platform serves as the successor to MT4, introducing additional features and capabilities. MT5 supports a broader range of financial instruments, including stocks and commodities, and offers enhanced charting tools, an integrated economic calendar, and advanced trading functionalities.

　　The broker does not mention any proprietary trading platforms or web-based trading options. Additionally, mobile trading applications for iOS and Android are not specified in the available information.

　　The execution model employed by Sky-Markets is also not clearly defined, leaving potential clients uncertain about how their trades will be handled. The server location is noted to be in Hong Kong, which may affect trading latency for some users.

5. Account Types and Trading Conditions

　　Sky-Markets offers three different account types, catering to various trading needs:

　　Standard Account:
　　Minimum Deposit: $100
　　Leverage: Up to 1:500
　　Spreads: Starting from 1.2 pips
　　Commissions: None
　　Pro Account:
　　Minimum Deposit: $500
　　Leverage: Up to 1:200
　　Spreads: Starting from 0.8 pips
　　Commissions: $0.5 per lot
　　VIP Account:
　　Minimum Deposit: $10,000
　　Leverage: Up to 1:50
　　Spreads: Starting from 0.5 pips
　　Commissions: None

　　Sky-Markets also offers a demo account for new traders to practice without financial risk. The minimum trade size and overnight fees are not explicitly detailed in the available information, which may be a concern for potential traders.

6. Fund Management

　　Sky-Markets provides various deposit and withdrawal methods, which include:

　　Deposit Methods:
　　Credit/Debit Cards: Accepted with a minimum deposit of $100.
　　E-Wallets: Options like Skrill and Neteller, with a minimum deposit of $100.
　　Bank Transfers: Minimum deposit of $1,000.
　　Cryptocurrencies: Minimum deposit of $50, subject to a 1% fee.
　　Withdrawal Methods:
　　Processing Times: Vary from instant for e-wallets to 3-5 business days for bank transfers.
　　Withdrawal Fees: Up to 3% for credit/debit card withdrawals and $25 for bank transfers.

　　The deposit processing times are generally instant for credit cards and e-wallets, while bank transfers may take longer. However, the lack of clarity regarding fees and withdrawal limits raises concerns about the overall transparency of the fund management process.

7. Customer Support and Educational Resources

　　Sky-Markets offers customer support primarily through email, with the contact address being cs@sky-markets.com. While email support is a common practice, it may not provide the immediacy that some traders seek. The operational hours and specific time zone coverage are not detailed.

　　The broker claims to offer educational resources, including:

Tutorials: Step-by-step guides for traders.
Webinars: Live sessions led by experienced professionals.
Articles: In-depth insights into market conditions and trading strategies.
Video Guides: Multimedia resources designed to enhance understanding.

　　However, the overall quality and quantity of these educational materials have been noted as limited, particularly for beginners seeking comprehensive trading guidance.

8. Regional Coverage and Restrictions

　　Sky-Markets primarily serves clients in the United Kingdom and Hong Kong, but the specific regions covered and the locations of any additional offices are not clearly defined. There is also no detailed information provided regarding countries or regions from which the broker does not accept clients, which could be crucial for potential traders.

　　In summary, while Sky-Markets offers a range of trading products and services, the lack of regulation, transparency in operations, and mixed reviews regarding customer support may pose significant risks to traders considering this broker. Potential clients are encouraged to conduct thorough research and carefully assess their risk tolerance before engaging with the Sky-Markets broker.

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