Note: SKY's Official Website: Https://www.skyprimefx.com/is Currently Unavailable.
Founded In 2021, SKY Is Registered In Saint Vincent And The Grenadines And Offers Trading In Multiple Markets. The Platform Primarily Supports MT4 And Offers Two Account Types. However, Its Recent Establishment And Lack Of Supervision Have Been Problematic.
Pros And Cons
Pros
Acceptable Minimum Deposit
Offer MT4
Pros
Unregulated
Unaccessible Website
Limited Funding Methods
Is SKY Legal?
SKY Is Not Regulated. Also, As Of Now, Their Website Is Not Available.
What Can Be Traded In SKY?
SKY Can Trade Stocks/equity, Futures, Indices, Precious Metals, Commodities And Foreign Exchange.
Account Types
SKY Offers Two Real Account Types: ECN And PRIME, With A Minimum Deposit Of 10 Dollars.
Leverage
SKY Offers Accounts With Two Different Leverage Options. For Users Who Trade With ECN Accounts, The Maximum Leverage Is Set At 1:200. SKY's PRIME Account, On The Other Hand, Offers A Higher Leverage Ratio, Up To 1:500.
Fees
ECN Accounts: These Accounts Offer Trading Spreads Starting From 0.5 Pips, But There Is A $7 Commission Fee For Each Lot Traded.
PRIME Accounts: These Accounts Offer Trading Spreads Starting From 1.0 Pips, But Do Not Charge Any Commission Processing Fees.
Trading Platform
SKY Claims To Offer MT4 For Trading. MT4 Is A Leading And Widely Acclaimed Trading Platform That Offers An Efficient Trading Experience.
Deposit And Withdrawal
SKY Makes Deposits And Withdrawals Via Bank Transfers.
