SkyFx Forex

Company TradeMarker (Cyprus) Ltd
Established in 2011
Online since 2012
International Offices Cyprus
Payment Methods Credit Cards, Debit Cards, Wire Transfer
Demo Accounts & Platforms Meta Trader 4
Account currencies United States Dollar
Regulated & Registered by CySec
Are US Traders allowed? No
Bonus? (detailed)
Languages in which website is available? English
Languages in which Support is available? English, Turkish, French, German
Different Support methods? Call Back, Email, Forum, Live Chat, Office, Phone, Skype, Web Form
Types of Account (micro standard executive islamic) Classic
Minimum deposit in accounts $500
Minimum position size 0.01 Lot
Type of Spread? Fixed
Minimum spread on EUR/USD, pips 3 Pips
Is Scalping Allowed? Allowed
Types of Trading Instruments (GOLD; CFD, etc. and the leverage) Forex- 1:300, Stocks – 1:4, Indexes- 1:100, Soft Commodities- 1:100, Bonds – 1:4
Real Trading platforms Meta Trader 4
Digits after the dot in quotes 4
Margin call level 20%
Stop-out level -
Total Number of currency pairs 48
Any Bonus offers Yes
Affiliate program Available? Yes
Facility of Overnight interest rates (swaps) Yes
Do they have Trailing stop? Yes
Do they have Pending orders? Yes
Mobile trading allowed? Yes
Browser-based platform present? Yes

skySkyFX forex was founded by professional trader’s team, entrepreneurs from retail and financial experts in the year 2011 and they started online trading in 2012. They have their office only in Cyprus. The only payment options they have is the credit cards, debit cards and wire transfer. However, these services have been found to be very effective and the traders do not face any problem in depositing the fund or making a withdrawal. The account currencies allowed is United States Dollar and they offer 48 currency pairs to the traders to trade in. These currency pairs have all the major and exotic pairs. The company is regulated by CySec , a government regulating authority of Cyprus. They do not entertain traders from United States to trade from their account. However, their customer support service is available in English, French, Turkish and German.

They also have a demo account which helps traders know the forex market better and is available free of cost. The demo trading platform is Meta Trader 4 which is also a trading platform available for real trading. When demo and real trading accounts both have the same trading platform it becomes easy for the trader to know the features of the platform and the strategies to be followed while live trading. The customer support service is also excellent and is available via call back, email, live chat, office, phone, Skype and web form. They offer classic account to their traders and the minimum amount required to open an account with them is $500 and minimum position size for the trade is 0.01 Lot. They also allow scalping and the use of Expert Advisor for smooth trading. Other than forex they also offer trading in stocks, indexes, soft commodities and bonds. The highest leverage offered to them is 1:300.

The reviews are the only medium which can give you a peek into the real services of the company. There are thousands of happy customers of SkyFX forex. This is one of the few companies that has been able to make a mark in the forex market in a very short span of time. The users like the low spread which help them earn better profit. The account managers as per the reviews are very helpful and help manage the account very well. Many traders like the fact that they allow the use of Expert Advisor which help them trade smoothly and successfully. The company offers trading instruments like stocks, indexes, soft commodities and bonds other than forex for trading and is liked by many traders. They like their bonus offers as well. Hedging and scalping is also allowed by the company and is liked by many traders who like these features. They also have Islamic accounts for the Muslim traders who follow Islamic laws. Some of the cons listed is that the website is in only one language, payment options should be more and number of account currencies can be more. The average rating given to them by the users is 7.0 out of 10.

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