Forex Sky Alliance Markets Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

Sky Alliance Markets Trading Conditions

Registered Region Australia

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@skyalliancemarket.com

Contact Number N/A

Website www.skyalliancemarket.com

Balanced Review

Pros & Cons

Pros

Diverse range of trading instruments including Forex, commodities, indices, and cryptocurrencies
Access to the popular MetaTrader 4 (MT4) trading platform
Multiple account types catering to different trader profiles
Demo accounts available for practice without financial risk
Educational resources and market insights for traders

Cons

Not regulated by any recognized financial authority
Absence of fund protection measures for client assets
Reports of difficulty in processing withdrawal requests
Limited educational resources for traders
Only email support with no live chat or phone options

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Sky Alliance Markets	DBG Markets	IC Markets Global	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Australia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Sky Alliance Markets Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Standard Account	Beginners and casual traders	Access to a wide range of trading instruments	Minimum deposit of $100
ECN Account	Experienced traders	Tighter spreads and faster execution	Minimum deposit of $1,000
Swap-free Standard Account	Traders adhering to Islamic finance	No overnight swap charges	Minimum deposit of $100
Swap-free ECN Account	Experienced Islamic traders	No overnight swap charges with direct market access	Minimum deposit of $1,000
Demo Account	New traders	Practice trading without financial risk	Simulates live market conditions

Account Opening Process

To open an account with Sky Alliance Markets, potential clients must complete several steps. First, they need to provide personal information, including name, contact details, and date of birth. Following that, employment and financial information must be submitted to assess suitability for trading. Identity verification is required, necessitating the submission of a valid ID and proof of address. After these steps, traders can create their accounts, and there is flexibility to upgrade to a professional account in the future if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	1.0	$0 (Standard Account)	Standard spreads for major currencies
Forex (Minor Pairs)	TBD	$3.5 per lot (ECN)	Tighter spreads for minor pairs
CFDs (Stocks, Indices)	TBD	$3.5 per lot (ECN)	Competitive pricing for stocks and indices
Commodities (Gold, Oil)	TBD	$3.5 per lot (ECN)	Varies based on market conditions
Cryptocurrencies (BTC, ETH)	TBD	$0	Variable based on market volatility

Other Fees

Sky Alliance Markets may charge several fees related to trading activities. These may include deposit and withdrawal fees, although no specific amounts are provided. Inactivity fees may apply if accounts remain dormant for an extended period. Additionally, overnight interest (swap rates) may affect positions held overnight. Currency conversion fees might also apply when trading in different currencies, depending on the account’s base currency.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Sky Alliance Markets User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Alice Johnson

Sydney

★ ★ ★ ★ ★

I had high hopes for Sky Alliance Markets, but my experience has been disappointing. I tried to withdraw my funds multiple times, but each request was rejected without any explanation. It’s frustrating trying to get in touch with their support team, as they only respond to emails and take forever to reply. I wouldn’t recommend this broker to anyone looking to trade seriously.

Mark Thompson

Melbourne

★ ★ ★ ★ ★

Sky Alliance Markets has been a nightmare for me. I deposited money with the expectation of smooth trading, but when it came time to withdraw my profits, I faced numerous issues. My requests were denied without proper reasons, and their customer support was unhelpful. It feels like I have lost control of my own funds. I caution others to stay away from this broker.

Emma White

Brisbane

★ ★ ★ ★ ★

I’ve been trading with Sky Alliance Markets for a few months now, and overall, I am quite satisfied. The MT4 platform is user-friendly, and I’ve had no issues executing trades quickly. The variety of trading instruments is impressive, which allows me to diversify my portfolio. I did have a minor issue with a withdrawal, but it was resolved eventually. Overall, a solid choice for traders.

David Lee

Perth

★ ★ ★ ★ ★

Sky Alliance Markets has exceeded my expectations! The trading execution is lightning-fast, and I appreciate the variety of assets available. The demo account was a great way for me to practice before diving in with real money. Plus, I’ve found their educational resources quite helpful. I would definitely recommend them to anyone looking for a reliable trading platform.

Australia Market