Skyline Markets Broker Review

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Skyline Markets Review

Skyline Markets

Broker Skyline Markets
US Traders Accepted
Company Name Capital Markets Services Limited
Headquarters Marshall Islands
Regulation No
Bonus Type Welcome bonus
Bonus Size 100%
Max Payout 88%
Out-of-Money Reward 10%
Trading Platform SpotOption
Early Closure
Deposit Options Credit/debit cards, wire transfer, Skrill, WebMoney, UnionPay, iDEAL, EntroPay, Ukash
Deposit Currencies US dollar, euro, British pound
Minimum Deposit $250
Minimum Trade $25
Maximum Trade $10,00.
Online Since 2020
Trading Instruments Stocks, currencies, commodities, indices
Number of Trading Instruments 81
Binary Option Types High/Low, Pairs, Long Term, 60 Seconds, One Touch, FX/CFD
Customer Support Types Live chat, telephone, email, web form, paper mail
Education Offered FAQ, Skyline TV
Tools Offered Market reviews, trading signals, VIP payouts, Double Up, Rollover, Buy Me Out
Commission Two free withdrawals each month; $30 fee for each thereafter. $100 minimum withdrawal threshold.
Languages English
Demo Account Yes (upon deposit)

Skyline Markets seems to be a scam broker. Proceed with caution! The review below is presented for archiving purposes.

Skyline Markets is a binary options broker based in the Marshall Islands and owned and operated by a company called Capital Markets Services Limited. The website is only available in English, and the broker is unregulated. Nonetheless, they do not accept customers from the USA. For the time being, Skyline Markets appears to be a fairly run-of-the-mill SpotOption white label broker. If you are an international trader, you may wish to consider registering, but there are also better choices available to you.

Opening an Account on Skyline Markets

When you go to open your account on Skyline Markets, you will have the option of choosing one of the following account tiers:

  • Micro Account: $250-$5,000. 25% welcome bonus
  • Apprentice Account: $5,000-$25,000. 35% welcome bonus
  • Broker Account: $25,000-$50,000. 50% welcome bonus
  • Executive Account: $50,000-$250,000. 75% welcome bonus
  • VIP Account: $250,000+. 100% welcome bonus

As you can see, the company is quite generous with bonuses. The rollover requirement is 20x. This is actually a bit lower than the 30-40x which is common.

On the accounts page, you can quickly and easily browse through the different tiers and see what special features are offered at each tier (this page is set up quite nicely). At the Micro level and every tier above, you get access to a demo account, which is a great feature since it lets you practice trading without risking real money.

Most of the bonuses do not kick in however until you deposit at least $25,000 for a Broker account. At that point, you also get same-day withdrawals, a dedicated 24/7 broker support, daily market reviews, and membership in the VIP mentorship program.

This program offers a number of benefits. Your senior broker is available to you around the clock, and will meet with you once a month to analyze where you might be able to improve your returns. You get access to higher payouts and also get free trading signals to help you plan your trades.

Unfortunately, this is about the full extent of the trading tools and features offered by Skyline Markets. The educational section offers something called “Skyline TV” to logged in customers — likely a set of videos. But aside from that, there is not a whole lot in the way of training features.

Skyline Markets does run some other promotions from time to time. Right now for example when you open an account, you can get a free iPhone 7. This has the feel of a gimmick, though it is still a nice benefit. Somewhat ironically, no iOS or Android trading apps are available for this broker, though the mobile-responsive site does allow you to trade on your smartphone or tablet.

Withdrawals on Skyline Markets

There are fees for withdrawing on Skyline Markets, but if you plan ahead, you should be able to avoid them. Your first two withdrawals of the month are free; subsequent withdrawals incur a $30 fee. The minimum threshold is set at $100, which is pretty typical.

Trading on Skyline Markets

As mentioned previously, Skyline Markets uses SpotOption, which is by far the most popular binary options platform in existence. If you have traded binary options on other websites, chances are good you did it on SpotOption. If so, you already know your way around the platform on Skyline Markets. If not, you can easily figure out how to trade on this intuitive platform in a matter of minutes.

The minimum trade size on Skyline Markets is $25, and the maximum is $10,000. This is quite a high ceiling, but the minimum is a bit higher than I like to see (many other sites allow you to stake just $10 on High/Low trades, or even less). So if you have a very small account, Skyline Markets may not be the best for managing your money, but it certainly gives you room to grow.

In total, there are 81 stocks, commodities, indices, and currencies available to trade on Skyline Markets. Trade types include High/Low, Pairs, Long Term, 60 Seconds, One Touch and FX/CFD. This is an ample amount of diversity, which gives you plenty of opportunities. While not explicitly mentioned on the site, Skyline Markets does apparently offer Double Up, Rollover and Early Close.

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Skyline Markets Customer Service

Skyline Markets offers customer service through the usual channels: live chat, telephone, web form, email, and paper mail. I did try to find an agent to chat with during standard market hours on a weekday to no avail. When I opened the live chat window, it simply directed me to fill out a form to submit my question. So this does not give me a great impression about the availability of customer service.

Conclusion: Skyline Markets Is Very Average

Skyline Markets has some good features, but the impression I get from the website as a whole is one of “absence.” Some of the content on the site is poorly organized, and navigation is less than intuitive. I had to dig around to find answers to basic questions. And as just stated, customer service was not at the live chat desk, though they should have been.

They do offer a demo account at every account tier though, which is great, and there are plenty of assets to trade and many trade types available.

Bonuses are generous, but educational and trading tools and features could be better. Withdrawal fees and minimums are acceptable; while I would rather there were no fees and a lower threshold, I have seen much more restrictive fees and thresholds elsewhere.

So right now, Skyline Markets appears to be exceedingly average. They are neither the best nor the worst broker I have seen. They do not appear to have gone out of their way to stand out from other SpotOption brokers in any way, good or bad. I would say the inclusion of a demo account at every tier does put them subtly ahead of many of their competitors, but there are many other binary sites which offer a lot more in terms of resources and service.

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Skyline Markets Broker Review 2020

This broker is closed.

In this review, we will discover information about the brand new broker that recently came up on the binary market. Skyline Markets has opened its door to all kinds of traders where they will find various trading features and superb trading platform. Read more about Skyline Markets in our broker review.

Skyline Markets Special Features

Trading with this broker starts with five trading accounts where every trader will find what he needs. Minimum deposit with Skyline Markets is $250 which is considered as the industry average. The minimum investment is $25 and maximum bonus traders can receive is +$250,000. Skyline Markets provides 88% of maximum returns.

Skyline Markets Micro Account starts with $250 deposit. This account is the best solution for traders without trading experience because they can use Skyline Markets demo account before real trading. No matter which trading account they register with, traders have 24/7 customer support available. If traders register with this account, they will be offered with 25% of welcome bonus

Skyline Markets Apprentice Account accepts deposits from $5,000 to $25,000. Trading with this account allows traders to accept 35% welcome bonus.

Skyline Markets Broker Account includes same day withdrawal approvals and it starts with $25,000 deposit. Skyline Markets Apprentice clients are supported with a dedicated broker that is available 24/7. The welcome bonus is 50% and traders get insight into daily market reviews. Apprentice clients are members of VIP membership program.

Skyline Markets Executive Account starts with $50,000 and includes all features from previous Skyline Markets trading accounts. Additionally, the Executive account offers 75% of welcome bonus and includes traders with money management services for a better overview for their investments.

Skyline Markets VIP Account is designed for clients who invest over $250,000 of deposit. Skyline Markets VIP clients can enjoy 100% welcome bonus and all benefits that are mentioned in the Executive account.

After analysis of all trading accounts, we can say that Skyline Markets offers high welcome bonuses and traders will like it. It is important to note that before accepting any bonus, the trader should check bonus policy.

Every broker has different bonus policy and calculations for turnovers vary. In Skyline Markets case, turnover is calculated like this: initial deposit + bonus percentage X 20. When comparing with the industry average, turnover is slightly lower.

We like the fact that Skyline Markets offers demo account that is most important for those without trading experience. Demo account helps traders learn about trading platform, its features and test trading before real trading starts. Demo account can be useful for experienced traders because they can place trades without fear of losing their investments. Demo account provides virtual money.

Skyline Markets Trading Software

Based on latest SpotOption version, Skyline Markets has managed to become a member of the most popular trading platform on the market. Traders are offered to choose between multiple trading assets from all four major groups of stocks, indices, commodities and currency pairs. Skyline Markets doesn’t support mobile platform and this is one of the negative facts we have found with this broker.

Besides it is being run on the reputable platform, Skyline Markets offers a big variety of trading options:

  • One Touch
  • High/Low
  • 60 seconds
  • Long Term
  • Pair Options

There is plenty of possibilities for those who prefer short and long term trading.

Besides various trading options, Skyline Markets has some additional services that will be interesting for traders who want to increase their success rates. Double up, Roll over and Buy me out will activate Skyline Markets platform and diversify your trades. Double up option allows traders to make a quick new position for a certain trade that has good performance.

Roll over allows traders to roll SmartOption next to available expiry time. If a trader thinks a trade will bring unsuccessful trade, he can increase a SmartOption length and try to increase his chances to succeed. Buy me out gives traders the opportunity to sell certain trade to other traders.

Skyline Markets platform is well designed and even beginners will find it easy to navigate with. The platform is web based, and traders can use it in different internet browsers. As we have found out, Skyline Markets will soon release an android and iOS app that will allow mobile trading.

Traders can enjoy trading with multiple expiry times: 60 seconds, 2 minutes, 5 minutes, 15 minutes, 30 minutes, 1 hr, 24 hr, 30 days.

Tip: Trade with reputable and regulated brokers on FX-Advisor.

Skyline Markets Support Information

The trading platform is available in three languages: English, Arabic and German. Skyline Markets website is available only in English, which can be a problem if traders are not good with it. Customer support is available through live chat, email, and phone which we consider as full customer service. Traders can reach Skyline Markets on [email protected]kylinemarkets.com.

Besides good customer support which we have tested and rated as excellent, Skyline Markets provides various educational videos, e-books, and tutorials that are available, but only for registered users. Skyline Markets welcomed another service that we found very useful – 1 on 1 coaching. Traders are welcome to use Skyline Markets market news and analysis.

All these features will empower traders knowledge and help them become more successful in their trading career with Skyline Markets. We want to point out that Skyline Markets provides free signals for their clients.

Skyline Markets Banking and Company Information

Skyline Markets is owned by a company named Capital Markets Services Limited. They are pretty new on the binary market, but until today, they have shown they are capable of providing binary services and satisfying demands of their clients.

Minimum withdrawal is $50 and traders can use multiple payment methods for both depositing and withdraw their funds. Skyline Markets support: Visa, Moneybookers/Skrill, Bank Wire and MasterCard.

Those who prefer using credit cards will process their withdrawals in just 2 or 3 working days. If traders use bank wire, that period is about five days, and withdrawing with Skrill will take up to seven days. Before making the first withdrawal, traders have to verify their account and send requested documents to Skyline Markets. To protect traders accounts Skyline Markets uses SSL technology to encrypt user private information.

There are some countries that are not supported with this broker. (Afganistan, Indonesia, Pakistan, USA, Brazil, Russia, France, Colombia etc). Check the list of not accepted countries on Skyline Markets official website.

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    Binarium

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