Sky Alliance Markets

General Information & Regulation

Sky Alliance Markets is an online trading broker owned by Sky Alliance Markets Pty Ltd, headquartered in Sydney, Australia. Sky Alliance Markets is currently holds a general financial license authorized by the Australia Securities and Investments Commission (Registration number 2924640).

Market Instruments

SKY Alliance Markets is offering a large selection of currency pairs – well over 50, as well as CFDs on indices, commodities, precious metals and a few crypto coins, Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.

Minimum Deposit

SKY Alliance Markets provides traders with a choice of three account types, the Standard account and the ECN account, including an swap-free one. The minimum deposit for both account is $500, relatively higher than sector standards. Many other brokers, actually, requires a minimum deposit of $100 to $200.

Sky Alliance Leverage

SkyAllianceMarkets offers the trading leverage as high as 1:500. Bear in mind, however, that higher leverage greatly increases the risk for trading positions, so investors should use it with caution.

Spreads & Commission

SkyAllianceMarkets do not tell traders specific spreads in the Standard account, only stating that there is no commission fees for this account. The spreads in the ECN account are as low as 0 pips, with a commission of $3.5 per side per lot.

Trading Platforms

SkyAllianceMarkets offers MetaTrader4 – a classic trading platform, allowing traders to run automated trading sessions. The platform gives traders access to a huge library of market indicators, customizable trading robots, and an excellent pack of advanced charting tools.

Deposits & Withdrawals

SkyAllianceMarkets says to accept payments with a wire transfer, Skrill, Neteller and NganLuong.vn. what a big problem is this broker does not seem to support credit card.