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SkyFx.com Cyprus Based Forex Trading Broker Review

Below is a Forex review of online forex broker SkyFx.com. SkyFx.com broker is based in Cyprus. Below is a list of the most common review questions that traders ask about this online forex broker.

SkyFx is owned by Trademarker Ltd.

 

Forex Broker reviews - Forex Reviews of SkyFx.com

 

 

Where is SkyFx.com currency broker based

SkyFx is based in Cyprus, its address is:

 

80 Spyrou Kyprianou,

Agathokleous house, Office 102,

4043 Germasogia-Limassol,

Cyprus.

 

Is SkyFx.com a licensed and regulated Forex broker

Review details of the license, registration and regulation of this FX broker can be found on the brokers’ website.

 

SkyFx is regulated by Cyprus Securities and Exchange Commission, CySEC, License Number 151/11.

 

What is the execution method of SkyFx.com

SkyFx provides two execution methods:

 

Market Maker Dealing desk execution of orders

ECN, Electronic Communication Instant Execution of orders

 

What are the broker spreads of SkyFx.com

The Forex broker spreads are:

 

 

Spreads

Currency

Spread

EURUSD

3 pips

GBPUSD

4 pips

USDJPY

3 pips

USDCHF

4 pips

 

 

Spreads may vary depending on account type and market volatility. ECN accounts may include paying of commissions on top of spreads.

 

Financial Instruments Provided For Trading

Currencies

Indices

Commodities

Stocks

Bonds

Futures

CFDs

 

What are the account types of SkyFx.com online broker

  • Micro Account
  • Classic Account
  • Protected Account
  • FEA Account – Fast Execution Account
  • ECN Account

 

Does SkyFx.com broker have Islamic Forex Trading Accounts

SkyFx does not provide swap free Islamic Accounts.

 

What are the terms for demo trading accounts for SkyFx.com

$50,000 dollars demo trading account is provided by SkyFx for practice currency Trading

 

How is the withdraw and deposit process of SkyFx.com

Bank wire Debit Card and Credit card money transfer methods are provided for deposit and withdraw of funds.

 

 

What is the minimum account opening capital for SkyFx.com

$100 is the minimum account opening deposit

  • Micro Account - $100
  • Classic Account – 1,000

 

Does SkyFx.com give an account opening deposit bonus

No, SkyFx does not give an account opening deposit bonus

 

What is the security and reliability of SkyFx.com

What is the Forex broker ratings for SkyFx.com security and reliability

 

SkyFx is regulated by Cyprus Securities and Exchange Commission and has a good rating for security and reliability of deposited funds.

 

SkyFx is a member of Investor Compensation Fund that guarantees trader deposits up to a maximum of €20,000 Euros.

 

SkyFx also keeps client funds in segregated bank accounts

 

Does SkyFx.com accept scalping

SkyFx allows scalping trading on their ECN accounts

 

Does SkyFx.com give free education to forex traders

This broker provides learn currency trading education for learn trading online.

 

SkyFx provides a learn forex education section where currency traders can learn FX trading through forex trading courses for beginner forex traders and metatrader4 platform tutorial guide and Technical analysis technical tutorials.

 

What are the trading platforms of SkyFx.com currency broker

Metatrader4

WebTrader

Android Trader

iPhone Trader

 

Is SkyFx.com a MetaTrader 4 Forex broker

SkyFx.com provides MetaTrader 4 software which is the best Forex trading platform according to reviews.

 

The broker provides This trading platform MetaTrader 4 can be downloaded from the broker’s website.

 

 

Does SkyFx.com allow automated forex trading

The  brokers’ policy for automated forex trading is:

 

SkyFx allows Expert Advisors automated forex trading on their metatrader4 platform on the ECN Accounts. SkyFx also provides ZuluTrade platform that is purely an automated forex trading platform software that traders can use to execute trade transactions automatically.

 

What are SkyFx.com broker website sections

The website sections of this trade broker are:

 

Forex Trading Accounts Section: where traders will find information about accounts such as demo account, practice account and live accounts provided by this currency broker. Traders wanting to start trading can open an account from this section.

 

Contact Section: there is a section of contacts for this fx trading broker, where an fx trader can contact this online broker.

 

Platforms Section: this section provides platforms where a trader can choose one for trading online.

 

Daily Market analysis section: for updates on daily economic events and daily market outlook analysis.

 

Pip calculator, Economic calendar and world interest rates on the resources section.

 

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