Sky Gold Market-Some Important Details about This Broker
Abstract： 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.
| Sky Gold Market Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Seychelles |
| Regulation | No regulation |
| Market Instruments | Forex, futures, indices, shares, metals, energies, and cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | Typical 1 pip (Beginner account) |
| Trading Platform | WebTrader, Trader7 |
| Minimum Deposit | $250 |
| Customer Support | Contact form |
| Phone: (+1) 251 418 4454 | |
| Email: support@skygoldmarket.com | |
| Address: F26 First Floor, Eden Plaza, Eden Island, Seychelles | |
Sky 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 Cons
| Pros | Cons |
| Various trading instruments | No regulation |
| Offer four account types | High minimum deposit ($250) |
| No MT4/MT5 | |
| Unclear funding methods |
Is 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 Instruments | Supported |
| Forex | ✔ |
| Futures | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type & Fees
Seychelles offers four account types: Beginner, Intermediate, Advanced, and VIP.
| Account Type | Beginner | Intermediate | Advanced | VIP |
| Minimum Deposit | $250 | $20,000 | $50,000 | $100,000 |
| Maximum Leverage | 1:500 | 1:300 | 1:100 | |
| Typical Spread | 1 pip | 0.1 pips | 0.7 pips | 0.1 pips |
| Commission on FX | 0 | $3.50 USD/EUR per 100,000 | 0 | $2.50 USD/EUR per 100,000 |
| Max Trade Size | 5 lots | 40 lots | Unlimited lots | |
| Available Instruments | FX, Indices, Commodities, Metals, Crypto, Actions | FX, Indices, Commodities, Metals | ||
Leverage
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 Platform | Supported | Available Devices | Suitable for |
| WebTrader | ✔ | Web | / |
| Trader7 | ✔ | Windows, macOS, iOS, Android | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
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