Forex Skyline Broker Review Trading

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

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 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

Skyline Trading Conditions

Registered Region New Zealand

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email cs@sky9co.com

Contact Number N/A

Website www.sky9co.com

Balanced Review

Pros & Cons

Pros

Offers a range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
Utilizes the popular MetaTrader 4 trading platform
Provides a demo account for practice trading
Accessible customer support via email
Minimum deposit requirement of $50

Cons

Not regulated by any recognized financial authority
Limited transparency regarding trading instruments
No direct contact options for customer support
Potential difficulties in fund withdrawals reported by users
Lack of educational resources for traders

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Skyline	TIGER BROKERS	FXBTG	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	New Zealand	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	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Skyline Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and casual traders	Access to major and minor currency pairs	Suitable for small-capital practice
Professional Account	Experienced traders	Potentially lower spreads and advanced trading tools	Requires trading volume qualifications
Demo Account	New traders	Practice trading without real capital	No financial risk involved

Account Opening Process

To open an account with Skyline, traders need to complete several steps. The process begins with the submission of personal information, followed by employment and financial information. It is essential to verify identity by providing documents such as a government-issued ID and proof of address. The account opening process is designed to be straightforward, and traders should note that there is flexibility to upgrade to a professional account later, should their trading experience and volume increase.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	Varies	Tight spreads available
Forex (Minor Pairs)	Varies	Varies	Competitive pricing
CFDs (Stocks)	Varies	Varies	Market-dependent
CFDs (Indices)	Varies	Varies	Market-dependent
CFDs (Commodities)	Varies	Varies	Market-dependent
Cryptos (BTC, ETH)	Varies	Varies	Dependent on market conditions

Other Fees

Traders should be aware of additional costs associated with trading at Skyline. These may include deposit and withdrawal fees, inactivity fees, and potential platform usage fees. Overnight interest, commonly referred to as swap rates, might apply for positions held overnight, and currency conversion fees could be incurred when trading in different currencies.

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

Skyline User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

Auckland

★ ★ ★ ★ ★

I have been trying to withdraw my funds for weeks now, and the customer support is almost non-existent. I only get vague responses and no real help. Very frustrating experience.

Emily Johnson

Wellington

★ ★ ★ ★ ★

Skyline’s platform is quite user-friendly, especially the MetaTrader 4 interface. I’ve had a decent experience overall, just wish the customer support was a bit faster in responding to queries.

Michael Brown

Christchurch

★ ★ ★ ★ ★

I attempted to withdraw my balance but was met with numerous delays and excuses. It feels like I’ve been scammed. I would not recommend Skyline to anyone.

Sophia Davis

Hamilton

★ ★ ★ ★ ★

I’ve been trading with Skyline for a while now and really appreciate the variety of instruments they offer. The demo account feature is great for new traders to practice without any financial risk.

New Zealand Market