SkyFX

SkyFX offers traders the most advanced technologies available today in the online trading world. From their leading trading platforms, including Metatrader4, Web Trader and Mobile Applications for iPhone, Android and for almost any web-enabled device, to their many account types- including their promoted VIP Account- with low spreads and discounts on major commodity spreads.

Overview

SkyFX is another great broker that is well-known among traders, because of its flexible trading platforms, long list of tradable assets, excellent customer support and helpful features. The company was established back in 2011 and its headquarters are situated in Cyprus, so it isn't a surprise that the broker is regulated by the CySEC. Although SkyFX is a fairly new name in the world of online trading, the company quickly established itself as one of the quickest growing brokers, so their services are used by thousands of people.

Platforms & Features

If you'd like to use SkyFX's services, then you better know what trading platforms will be available to you. Currently, SkyFX use MetaTrader 4, WebTrader, iPhone MT4, Android MT4 and Mobile HD for iPad. As you can see, the people standing behind this broker have made sure that their clients won't lack any options when it comes to choosing a trading platform. Of course, the rich number of trading platforms is just one of the advantages of SkyFX. This company's clients can take advantage of helpful tools and features such as a pip calculator, economic calendar and a great educational program that is strongly recommended by experts.

Trading Assets

If you decide to register an account with SkyFX, then you'll definitely be pleasantly surprised by the number of assets available. SkyFX allow the trader to work with currencies, commodities, indices, bonds and shares, and the best part is that all of these assets enjoy very low spreads. The major currency pairs are included as well as the most traded commodities such as Gold, Silver, Crude Oil, etc.

Reliability

In the beginning of our review we mentioned that SkyFX is a licensed and regulated broker, so you can rest assured that you won't become a victim of fraud. There aren't any major complaints about this broker's services, so we think it is safe to say that SkyFX value their customers and do their best to satisfy the needs of every client.

The minimum amount of money that can be deposited is $500 and you can use either a credit card, wire transfer or Western Union to deposit/withdraw money. SkyFX have taken example for other major brokers and they've introduced several account types based on the amount of money you invest. Basically, you can have a Micro, Protected, FEA or ECN account.

Bonus Offers

Newly registered clients receive a 50% bonus on their first deposit. Therefore, if you deposit $500, you'll receive $250 as a bonus. Keep in mind that this money isn't available for withdrawal immediately and there are special requirements which must be met in order to withdraw your bonus.

Deposit Methods

Withdrawal Methods

Minimum Deposit

$100

Supported Languages

  • English
  • French
  • Turkish

Regulators

  • CySEC (Cyprus)

Account Currencies

  • USD - United States Dollar
  • EUR - Euro

Platforms

  • SkyFX Mobile for iPhone
  • SkyFX Mobile for Android
  • SkyFX WebTrader
  • MetaTrader 4

Spreads

EUR/USD3.00
GBP/USD4.00
USD/JPY3.00
USD/CHF4.00
AUD/USD4.00
EUR/CHF4.00

Leverage

Currencies300:1
Stocks10:1
Commodities100:1

Additional Properties

Demo AccountsYes
HedgingNo
ScalpingYes
Retirement AccountsNo
US PlayersNo
Arabic PlayersNo