Sky Gold Market

Sky Gold Market is a forex and CFD brokerage registered in Seychelles, founded on August 26, 2022. The company operates from a registered address at F26 First Floor, Eden Plaza, Eden Island, Seychelles. As of the time of this review, Sky Gold Market holds no known regulatory licenses from any financial authority. This lack of oversight places the broker in a high-risk category for traders who prioritize regulatory protection.

The broker offers four distinct account tiers tailored to different capital levels: Beginner ($250 minimum deposit), Intermediate ($20,000), Advanced ($50,000), and VIP ($100,000). Maximum leverage ranges from 1:100 on the VIP account to 1:500 on the Beginner account, which is notably high. Spreads and commissions vary by account type, with the Beginner account featuring a typical spread of 1 pip and no commission, while the Intermediate account offers a tighter spread of 0.1 pips but charges a commission of $3.50 per 100,000 units traded.

Sky Gold Market provides access to over 70 currency pairs, 12 indices, 5 commodities, as well as metals, cryptocurrencies, and equities (referred to as 'Actions'). The broker offers two proprietary platforms: Trader7 and WebTrader, both of which are available for desktop and mobile devices. Trader7 is marketed as a comprehensive platform with advanced charting and automated trading capabilities, while WebTrader allows browser-based trading without software installation.

Potential clients should be aware that Sky Gold Market is an unregulated broker. While the website claims to be a 'regulated broker,' no verifiable license information is provided. The high leverage offered, particularly on the Beginner account (1:500), amplifies both potential gains and losses. The minimum deposit of $250 is relatively low, but the intermediate and higher tiers require substantial capital, which may be at risk given the absence of regulatory safeguards.