SkyFx

  • Name:SkyFx
  • Website:http://www.skyfx.com/
  • Location:Cyprus
  • Found in:2011
  • Regulation Authority:CySEC (Cyprus)
Editorial Rating:
3.17
Accept US Traders:
No

SkyFX.com

A subsidiary of TradeMarker and an established financial institution licensed in Cyprus, SkyFX believes that its own fortunes are directly linked to that of its customers. By entwining its own aspirations with its clients’, SkyFX has been forced to create a Forex platform that is both diverse and flexible.

To aid this dual desire, SkyFX has a support team that’s fluent in English, French, German, Italian and Turkish and contactable via a number of mediums, including: email, live chat, phone and Skype. Beyond this traders from across the world, excluding the US, are able to credit their USD accounts with a credit and debit cards, wire transfers, Neteller,  Skrill/Moneybookers,  Moneynet,   AlgoCharge and CashU.

As a final stitch to SkyFX.com’s tapestry, all client funds are segregated in secure accounts. To comply with industry regulations and to offer peace of mind to all customers, these accounts cannot be touched by SkyFX in the event of a financial crisis and they are guaranteed even if the company files for bankruptcy.

SkyFX.com’s Special FX:

All new members at SkyFX will be treated to a 25% or 50% deposit bonus which becomes withdrawal as certain conditions are met. For example, with the 50% bonus, if a client deposits $5,000 and receives $2,500 bonus, they must trade ten lots (a total of $500) in order to withdraw $50 from their profits. (10 lots x 5 = $50).

Beyond this bonus a 90-day protected account is a standout feature of SkyFX.com’s platform. Pitched a traders who can deposit a minimum of $10,000, this promotions offers users three months’ worth of trading without any risk.

For example, if a new member deposited $10,000 and lost $2,000 in two months, then SkyFX would refund this money upon request. The reimbursement would take the form of trading equity; however, once a conditional amount of trades have been completed, in this case 400 lots ($2,000/5 = 400 lots), then the refund can be withdrawn.

Pitching generous rewards at both ends of the trading spectrum certainly makes SkyFX an attractive proposition for both novices and professionals. Indeed, it’s this diversity that breeds a profitable eco-system that’s beneficial for all members of the brokerage.

The Essentials:

SkyFX uses MetaTrader 4 as the trading platform for all its users and alongside this software it offers six different account options: Classic, Protected, FEA, ECN, STP and Islamic (swap free). For those looking to open an account, the following trading conditions are in place at SkyFX:

Minimum account size = $500

Minimum position size = 0.01 lot

Fixed spread on major currency pairs from 3 pips.

Scalping and Expert Advisors are allowed.

Leverage = 1:300

Digits quoted after the comma = 4

Margin call level = 20%

Number of currency pairs available = 48

In addition to the above conditions SkyFX offers the following account features: Hedging, overnight interest rates (swaps), trailing stops, pending orders, one-click trading, EAs, mobile and automated trading. SkyFX also welcomes IBs and affiliates.

Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.