Sky Gold Market-Some Important Details about This Broker

Sky Gold Market | 2024-12-30 15:44

摘要：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 that’s why WikiFX has given it a very low score of 1.08/10. Please be aware of the risk.

Sky Gold MarketReview Summary
Founded	2016
Registered Country/Region	Seychelles
Regulation	No regulation
Market Instruments	Forex CFDs, Futures CFDs, Spot Energies CFDs, Spot Metals CFDs, Indices CFDs, Cryptocurrencies
Demo Account	❌
Leverage	Up to 1:500
Spread	1 (Beginner Account)
Trading Platform	Sky Gold Market Webtrader, Trader 7
Min Deposit	$250
Customer Support	Phone: (+1) 251 418 4454
	Email: support@skygoldmarket.com
	Physical Address: F26 First Floor, Eden Plaza, Eden Island, Seychelles

Sky Gold Market Information

Sky Gold Market, incorporated in Seychelles in 2016, Trading instruments offered include Forex CFDs, Futures CFDs, Spot Energies CFDs, Spot Metals CFDs, Indices CFDs, Cryptocurrencies. It offers 4 kinds of accounts and 2 kinds of trading platforms. Currently, the Sky Gold Market is not regulated.

Pros and Cons

Pros	Cons
4 account types	No regulation
Some accounts are commission-free	Demo accounts are not available
	No payment method information

Is Sky Gold Market Legit?

The Sky Gold Market is currently unregulated. Its website, according to a check, is registered in 2023.

What Can I Trade on Sky Gold Market?

Sky Gold Market allows you to trade CFDs on 70+ forex pairs, futures CFDs, CFDs on popular indices from Europe, Asia and the Americas, spot metals CFDs, as well as spot energy CFDs such as Brent crude, WTI and natural gas, as well as cryptocurrencies. Including Bitcoin, Ethereum and Litecoin.

Tradable Instruments	Supported
Forex CFDs	✔
Futures CFDs	✔
Spot Energies CFDs	✔
Spot Metals CFDs	✔
Indices CFDs	✔
Cryptocurrencies	✔
Stocks	❌
Bonds	❌
ETF	❌

Account Types

Sky Gold Market offers 4 account types: Beginner, Intermediate, Advanced and VIP.

Among them, the minimum deposit requires $250, and the maximum leverage is 1:500.

Account Types	Beginner	Intermediate	Advanced	VIP
Min Deposit	$250 USD	$20k USD	$50k USD	$100k USD
Forex Pairs	71 pairs	71 pairs	71 pairs	71 pairs
Indices	12	12	12	12
Commodities	5	5	5	5
Trading Platforms	Trader7, iOS, Android	Trader7, iOS, Android	Trader7, iOS, Android	Trader7, iOS, Android
Trading Model	STP	STP	STP	STP
Max Leverage	1:500	1:300	1:300	1:100
Min Trade Size	0.01	0.01	0.01	0.1
Max Trade Size	5 lots	40 lots	40 lots	Unlimited lots
Typical Spread	1	0.1	0.7	0.1
Swaps	Yes	Yes	Yes	Yes
Requotes	None	None	None	None
Commission on FX	No	3.50USD/EUR per 100,000	No	2.50USD/EUR per 100,000
Execution Type	Market Execution	Market Execution	Market Execution	Market Execution
Available Instruments	FX, Indices, Commodities, Metals, Crypto, Actions	FX, Indices, Commodities, Metals	FX, Indices, Commodities, Metals	FX, Indices, Commodities, Metals

Sky Gold Market Fees

The spread of the four accounts ranges from 0.1 to 1, and none is exempt from swaps. Neither Beginner nor Advanced will receive a forex commission, Intermediate will receive a forex commission of 3.50USD/EUR per 100,000, and VIP will receive a Forex commission of 2.50USD/EUR per 100,000.

Trading Platform

Sky Gold Market offers trading platforms such as Sky Gold Market Webtrader and Trader 7, which can be used on the web or desktop, mobile and tablet.

Trading Platform	Supported	Available Devices	Suitable for
Sky Gold Market Webtrader	✔	Web	All traders
Trader 7	✔	Desktop, Mobile	All traders
MT4	❌
MT5	❌