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SkyTrade

WikiFX | 2024-12-04 17:31

Abstract:SkyTrade, founded within the past year and headquartered in China, offers a range of trading opportunities across various assets including Forex, cryptocurrencies, commodities, and stocks. Operating without specific regulatory oversight, the platform provides both live and demo account options with no minimum deposit or maximum leverage requirements. Trading is commission-free, facilitated through their proprietary website and app. While lacking formal education resources or bonuses, SkyTrade supports customer inquiries via email and phone, emphasizing accessibility and straightforward trading services.

SkyTrade Review Summary
Founded2023
Registered Country/RegionCanada
RegulationUnregulated
Market InstrumentsForex, Indices, Futures, Stocks, Cryptocurrency, Commodities, Silver, Gold, Crude Oil, Crypto Futures, TWT Trading
Demo Account✅
LeverageUp to 1:500
Spread/
Trading PlatformWeb Platform, Windows Application, Mobile App (iOS and Android)
Min Deposit/
Customer Supportinfo@skytrade.co
+91 8108693064
Online chat

SkyTrade Information

SkyTrade, which was established in 2023, offers a wide range of tradable goods, such as FX, indices, commodities, and cryptocurrencies. It allows trading on desktop programs, mobile apps, and web platforms and is accessible to traders of all ability levels.

SkyTrade Information

Pros and Cons

Pros Cons
Wide range of tradable instrumentsUnregulated
Demo account availableNo detailed information about spreads or fees
Multiple trading platforms

Is SkyTrade Legit?

SkyTrade is not regulated in Canada, where it was registered. Furthermore, it is neither licensed by the UK Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission.

Is SkyTrade Legit?

On September 9, 2023, GoDaddy.com, LLC registered skytrade.co. The last update occurred on August 8, 2024, and it will finish on September 9, 2025. The current domain status includes ClientTransferProhibited.

Is SkyTrade Legit?

What Can I Trade on SkyTrade?

In several marketplaces, SkyTrade provides a range of tradable products.

Tradable Instruments Supported
Forex✔
Indices✔
Futures✔
Stocks✔
Cryptocurrency✔
Multi-Commodity Exchange✔
Commodity Trading✔
Silver Trading✔
Crude Oil✔
Gold Trading✔
Crypto Futures✔
Crypto Exchange✔
TWT Trading✔
Crypto Bitcoin✔
Crypto Ethereum✔

Leverage

SkyTrade offers leverage up to 1:500, boosting traders' potential with little funds. This high leverage allows inexperienced and professional traders to gain financial market exposure.

Leverage

Trading Platform

Trading PlatformSupported Available Devices Suitable for what kind of traders
Web Platform✔Web BrowsersEasy-access trading for beginners and experts
Windows Application✔Desktop (Windows)Desktop traders seeking security and stability
Mobile App✔iOS and Android (via Play Store/App Store)Mobile traders
Trading Platform

Deposit and Withdrawal

The broker does not specify any fees for deposits or withdrawals. The payment methods including Net Banking and QR Code.

MethodMin. AmountFeesProcessing Time
Net BankingNot mentionedNot mentionedInstant (Deposit)
QR CodeNot mentionedNot mentionedInstant (Deposit)
Deposit and Withdrawal

BrokerDealer

Related broker

No Regulation
Skytrade
Company name:SkyTrade
Score
1.43
Website:https://skytrade.co/
2-5 years | Suspicious Regulatory License | Self-developed | Suspicious biz area
Score
1.43

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