SKY BLOCKASSETS

SKY BLOCKASSETS is a retail CFD broker that operates the website skyblockassets.com. According to its official site, the company claims registration in the Seychelles and Cyprus, with purported licenses from the FSA Seychelles and CySEC. However, FXCanary's regulatory records show no regulators on file for this entity, and the claimed licenses could not be independently verified against public registers. The broker lists a physical address at 11 Grace Avenue, Ste 108, Great Neck, New York 11021, USA, indicating a US presence, but is not registered with any US financial regulator.

The broker was founded on 2025-10-31, making it a relatively new entrant. Given the short operating history and the discrepancy between its claims and our regulatory data, traders should approach with caution. The lack of verifiable regulation is a significant factor in our risk assessment.

FXCanary cross-checked the broker's regulatory statements against official registers. Neither the FSA Seychelles nor CySEC database entries for the claimed registration numbers (709718501 and HE 19818009) could be confirmed as belonging to SKY BLOCKASSETS. The Seychelles FSA number appears to be a business registration number, not a license, and the Cyprus HE number could not be matched to a CIF license. The broker's 'Globally Regulated' claim is unsubstantiated.

As of this review, SKY BLOCKASSETS is not listed on any credible financial regulator's registry. This absence means traders have no recourse to a regulatory ombudsman or compensation scheme should disputes arise. The broker's FXCanary Scam Risk Score of 57/100 reflects this elevated risk.

SKY BLOCKASSETS offers four account tiers: VIP (minimum deposit $10,000), PREMIUM ($5,000), ADVANCED ($500), and BASICS ($100). The VIP and PREMIUM tiers target higher-net-worth individuals, while the BASICS account is more accessible. Maximum leverage is not disclosed in our records, though the broker's website shows leverage up to 1:500 on certain forex pairs, which is high and risky for retail traders.

The account types suggest a tiered service model with potentially different spreads, commissions, or additional perks. However, specific details on spreads per tier, swap rates, or margin requirements were not provided. Traders should verify conditions directly with the broker.

The broker offers a wide range of CFDs on forex, indices, commodities (gold, oil), cryptocurrencies, and share CFDs. The proprietary platform, cTrader, is offered as the primary trading interface, known for its fast execution and analytical tools. cTrader is available across multiple devices. The broker also claims to support MetaTrader? (not explicitly mentioned but implied by 'Web, Windows, MacOS, iPhone, iPad and Android').

Instruments listed include major, minor, and exotic forex pairs, with commission-based pricing on forex. The broker does not specify the number of instruments available, but the range appears competitive. Cryptocurrency trading is mentioned, which may carry additional risks due to volatility and regulatory uncertainty.

SKY BLOCKASSETS promotes 24/7 multilingual customer support and boasts over 100 account managers. The website includes educational resources covering forex and CFD basics, aimed at beginner traders. The broker also offers market analysis tools and signals via Trading Central.

While these features may appeal to new traders, the lack of regulatory oversight means that the quality and reliability of support are not guaranteed. Traders should test responsiveness before committing funds.

The broker may suit traders comfortable with high leverage and unregulated environments, particularly those with smaller capital who can access the BASICS account. The cTrader platform is a plus for traders preferring fast execution. However, the absence of regulation and the broker's short track record are major drawbacks.

Traders seeking investor protection, transparency, and regulatory compliance should look elsewhere. The risk of fraud or mismanagement is elevated given the unverified license claims. FXCanary recommends extreme caution for any trader considering depositing funds with SKY BLOCKASSETS.