About Skycap Market
Company Overview
Skycap Market is a forex and CFD broker registered in the United Kingdom, with a registered address at 71-75 Shelton Street, London, WC2H9JQ. The company was founded on October 23, 2023, making it a relatively new entrant to the online trading space.
The broker operates the website skycapmarket.com, which is available in English. According to our records, Skycap Market does not hold any known regulatory licenses from major financial authorities. The absence of regulation is a significant factor for traders to consider.
Regulatory Status
As of the time of this review, Skycap Market is not listed on any public register of regulated financial services providers in the UK or elsewhere. The company's registered address in London does not automatically imply authorization by the Financial Conduct Authority (FCA).
Given the lack of oversight from a reputable regulator, traders should be aware that they may not have access to standard investor protections such as negative balance protection, compensation schemes, or dispute resolution services.
Account Types
Skycap Market offers five distinct account tiers to accommodate different trading styles and capital levels. The account types, minimum deposits, and maximum leverage are as follows: VIP account ($8,000, unlimited leverage), ECN account ($1,000, 1:600), MICRO account ($200, 1:400), Standard Cent ($500, 1:500), and Standard account ($500, 1:500).
The wide range of minimum deposits, from $200 to $8,000, suggests the broker aims to attract both retail traders with modest budgets and high-net-worth individuals seeking high leverage.
Trading Instruments
According to our records, Skycap Market provides access to forex, metals, energies, stocks, indices, and agricultural commodities. This variety allows traders to diversify across traditional and alternative asset classes.
The broker does not disclose the number of instruments or specific trading platforms on its website, based on the available information. Prospective clients may need to contact the broker for detailed product specifications.
Location and Contact
Skycap Market's registered office is at 71-75 Shelton Street, London, WC2H9JQ, United Kingdom. The website provides a UK phone number (+442038851802) and a WhatsApp contact link for client support.
The broker also lists pages for 'Media center', 'Team Pro', and 'Blog', indicating an effort to build an online presence, though the depth of these resources is not fully known.
Target Audience
Based on the account offerings, Skycap Market appears to target a broad range of retail traders, from beginners (with the low-deposit MICRO account) to experienced traders (with the high-leverage VIP account). The inclusion of unlimited leverage on the VIP account particularly appeals to traders seeking maximum exposure.
However, due to the lack of regulation, the broker may not be suitable for conservative traders or those who prioritize regulatory oversight.
Overview compiled by FXCanary from regulatory records and public data. full Skycap Market review