Home -
SkyTrade -

Score

1.21 /10
Danger

SkyTrade

Canada

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://skytrade.co

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index4.71

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2025-02-07
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

SkyTrade · Company summary
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

User Reviews

More

User comment

1

Comments

Write a review

Adeosun
more than one year
Skytrade is a big surprise, with vast product offerings to trade, no commissions... But one thing confused me: this broker said they offer 24/7 support, but that's not true. I asked for some help during the weekend, but no one responded to me.
Skytrade is a big surprise, with vast product offerings to trade, no commissions... But one thing confused me: this broker said they offer 24/7 support, but that's not true. I asked for some help during the weekend, but no one responded to me.
Translate to English
2024-07-22 11:36
Reply
0
0