SKY OPTION

SKY OPTION is a forex and CFD broker that was registered in the United Kingdom on March 22, 2024. Its registered address is at Kemp House Building, 152 – 160 City Road, London EC1V 2NX. The broker operates under the domain skyoption.net and targets retail traders seeking access to leveraged trading instruments.

According to official records, SKY OPTION does not hold any regulatory licence from any financial authority. The broker is registered as a company in the UK but lacks authorisation from the Financial Conduct Authority (FCA) or any other recognised regulator. This means traders are not protected by any compensation scheme or regulatory oversight.

SKY OPTION offers three account types: Elite, ECN, and Standard. All accounts require a minimum deposit ranging from $100 to $2,000. The Elite account provides a maximum leverage of 1:200, while the ECN and Standard accounts offer leverage up to 1:500. These high leverage ratios indicate a focus on experienced traders willing to take higher risks.

Our records do not specify the trading platforms or instruments offered by SKY OPTION. The broker's official website may provide details on supported assets, but independent verification is limited due to lack of publicly available information. Traders are advised to confirm platform and instrument availability directly with the broker.

Information regarding deposit and withdrawal methods, fees, and processing times is not available in the public domain. Similarly, customer support channels have not been independently verified. The broker maintains a presence on social media platforms including Facebook, Instagram, LinkedIn, and Twitter, which may serve as contact points.

SKY OPTION has been assigned a severe scam risk score of 75/100 by FXCanary's risk assessment framework. The absence of regulatory oversight, combined with high leverage offerings, presents significant financial risk. Traders should exercise extreme caution and conduct thorough due diligence before engaging with this broker.