About Sky-Markets
Company Overview
Sky-Markets is an online broker that purports to offer trading services, but presents significant red flags for potential users. According to the known facts, the broker was founded on 1 March 2021 and is registered in Hong Kong, though it lists addresses in both the United Kingdom and Hong Kong. No specific company name is disclosed on its website, which is a critical omission for establishing legal accountability.
Regulatory Status
Sky-Markets does not hold any financial regulatory licence from a recognised authority. The absence of regulation means traders have no recourse to a compensation scheme or independent oversight in the event of disputes or misconduct. This is a major risk factor, as unregulated brokers operate outside the safeguards expected in the forex industry.
Risk Assessment
Our records indicate a Scam Risk Score of 75 out of 100, categorising Sky-Markets as a severe threat. The broker's unwillingness to identify the operating company, combined with its unregulated status, strongly suggests it is not a legitimate trading platform. Traders are advised to exercise extreme caution and to avoid depositing funds.
Overview compiled by FXCanary from regulatory records and public data. full Sky-Markets review