SkyTrade
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 | |
| Founded | 2023 |
| Registered Country/Region | Canada |
| Regulation | Unregulated |
| Market Instruments | Forex, Indices, Futures, Stocks, Cryptocurrency, Commodities, Silver, Gold, Crude Oil, Crypto Futures, TWT Trading |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | / |
| Trading Platform | Web Platform, Windows Application, Mobile App (iOS and Android) |
| Min Deposit | / |
| Customer Support | info@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.
Pros and Cons
| Pros | Cons |
| Wide range of tradable instruments | Unregulated |
| Demo account available | No 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.
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.
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.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| Web Platform | ✔ | Web Browsers | Easy-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 |
Deposit and Withdrawal
The broker does not specify any fees for deposits or withdrawals. The payment methods including Net Banking and QR Code.
| Method | Min. Amount | Fees | Processing Time |
| Net Banking | Not mentioned | Not mentioned | Instant (Deposit) |
| QR Code | Not mentioned | Not mentioned | Instant (Deposit) |
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