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Sky Gold Market

Seychelles|2-5 years|
Suspicious Scope of Business|High potential risk|

https://skygoldmarket.com

Website

Rating Index

Contact

+1 251 418 4454
support@skygoldmarket.com
https://skygoldmarket.com
F26 First Floor, Eden Plaza, Eden Island, Seychelles

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+1 251 418 4454

Broker Information

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Company Name

Sky Gold Market

Company Abbreviation

Sky Gold Market

Platform registered country and region

Seychelles

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-05-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

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Sky Gold Market · Company Summary

Basic Information
Registered Countries Seychelles
Regulation No License
Minimum Deposit $250
Maximum Leverage 1:500
Minimum Spread From 0.1 pips
Trading Platform Webtrader, trader 7
Trading Assets Shares, Indices, Metals, Energies, Futures, Cryptocurrencies, Forex, Commodities
Payment Methods N/A
Customer Support Email support only

General Information

Sky Gold Market is a forex broker registered in Seychelles, providing access to a massive financial market, such as Shares, Indices, Metals, Energies, Futures, Commodities. With the Sky Gold Market platform, four types of tiered trading accounts are available, with the lowest required opening deposit starting at $250, and traders can employ a maximum leverage of 1:500 on their positions.

When it comes to regulation, this broker frustrates us a lot, as it is not subject to any regulation, and thats why WikiFX has given it a very low score of 1.08/10. Please be aware of the risk.

wikifx

Account Types

Four types of tiered trading accounts are provided to suit both retail and professional traders trading needs. The account type is determined by the minimum deposit, $250 to open a Beginner account, $20,000 to open an Intermediate account, $50,000 to open an Advanced account, and $100,000 to open a VIP account.

Honestly, the minimum deposit required by each trading account is crazily high, and this is not what a genuine broker would do. Please take extra vigilance before putting down your money here.

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account-types
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account-types

Spreads & Commissions

Trading accounts set the commissions and spreads. The Beginner account offers typical spreads from 1 pips, with no commission on forex trading. The Intermediate accounts provides spreads from 0.1 pips, with a commission of 3.5 USD/EUR per standard lot. The advanced account also provides a zero-commission trading environment, offering spread starting from 0.7 pips, and lastly, the VIP account, offers spreads from 0.1 pips, with a commission of 2.5 USD/EUR per 100,000.

Leverage

Each trading account offers different leverage ratio, flexible leverage options ranging from 1:100 to 1:500. Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size.

Trading Platform

Sky Gold Marke gives clients two trading platform options: a Webtrader and a Trader 7, with the industry leading MT4 or MT5 trading platform not supported.

Customer Support

If clients have any trading-related questions, they have no choice but drop this broker a line through the email: support@skygoldmarket.com. No other contact channels are available, which is disappointing.

Company Address: F26 First Floor, Eden Plaza, Eden Island, Seychelles

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
High leverage up to 1:500 No regulation
Competitive spreads and commissions charged No MT4 or MT5 trading platform
Wide selection of trading assets Poor customer support
No clear info about withdrawal policy

Frequently Asked Questions

IsSky Gold Marke regulated?

No, Sky Gold Marke is not subject to any regulation.

What is the maximum leverage provided by Sky Gold Marke

The maximum trading leverage that traders can use on the Sky Gold Marke platform is up to 1:500.

Does SkGold Marke offer demo account?

Unfortunately, demo accounts are not available on the Sky Gold Marke platform.

User Reviews

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3

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【于
more than one year
This is the most powerful trading platform I ever used, and it allows you to analyze trading, apply strategies, and trade in one place. It offers real-time trading and charting. It has various tools for charting and many in-depth features for you to understand the chart setups. Great experience.
2023-02-21 15:46
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0
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FX1111234134
more than one year
Terrible trading experience I have to say, they added slippage to my order, I wanted to quit, but they didn’t allow. I have to go on, end up with losing a big sum. **** it!
2022-12-06 14:30
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0
0
FX1111234134
more than one year
Some guys from this company called me crazily these days to induce me to make deposits here. I won’t be so stupid. Guys, beware, it is an illegal platform.
2022-12-06 14:22
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