Sky Gold Market-Some Important Details about This Broker
Abstract：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 | ❌ |
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