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Skyline Markets

Min. Deposit $250
US Clients? No
Platforms SpotOption2

Background

Due to high levels of complaints we have received in regards to Skyline Markets, coupled with their lack of response to complaints, we at (ForexFraud/ ForexTraders) are issuing a strong caution. We no longer feel that Skyline Markets is a viable broker and strongly urge all traders to choose another broker.

There is a new up-and-coming binary options broker in the London market, ready to serve you with the latest technology and payoff ratios to beat the band. The firm is SkyLinemarkets.com, and it opened its doors for business in 2015. Sporting the latest version of the highly popular SpotOption trading platform, this broker has upper payoff echelons that hit close to 90%, one of the broadest educational libraries in the industry, and customer service that is both responsive and informed. A group of ex-bankers, along with support from foreign investors, has set up shop in London, the financial capital of foreign exchange. SkyLine Markets is owned by Capital Markets Services Ltd. and offers binary options, as well as CFD trading. Unfortunately, U.S. clients are not accepted at this time.

SkyLine Markets appeals to both beginners, as well as high rollers, if the account classifications can be used as an indication of the type of customers the firm seeks. There are five categories of membership, starting with “Micro”, where a deposit of $250 will get you started. The next cut off is at $5,000 for “Apprentice”, and the highest rank is ”VIP”, which requires $250,000. All accounts come with a free Demo account, and bonuses and benefits escalate as you move up the chain. As a new firm, SkyLine Markets is not held captive to old legacy software. Their trading platform is intuitive, feature laden, and extremely prompt in order execution, characteristics that veterans of the trading world expect. Yet, beginners can benefit from over 50 video tutorials, ebooks, daily market analysis, and direct one-on-one support, if needed on a “24X7” basis.

The distinguishing feature of this broker, aside from being in London, is that binary payoffs hit 88% more often than not, a high standard in this arena. You may trade classic High/Low, Pairs, Long Term, 60-Second, and One Touch options, the latter offering payoffs as high as 500%, in over 80 asset instruments, ranging from forex pairs, commodities, indices, and stocks. Traditional trading in forex CFDs can also be accommodated, if you prefer a change from the digital, all-or-nothing world. Binary options in the UK still fall under the auspices of the Gambling Commission, but legal discussions suggest that the FCA may soon provide the regulatory oversight that traders demand. In the meantime, this broker does segregate client deposits from operating capital, and capital adequacy is stated as over “3X” what other brokers maintain. The staff at SkyLine Markets wants you to have peace of mind and an enjoyable experience.

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Features at Skyline Markets

The distinguishing features listed by SkyLine Markets on its website are as follows:

  • Founded in 2015, with primary operating office in London;
  • Minimum deposit is $250;
  • Five account categories with free demo account and escalating bonuses and benefits: Micro – $250 to $5,000; Apprentice –  $5,000 to $25,000; Broker –  $25,000 to $50,000; Executive – $50,000 to $250,000; VIP – $250,000 and up;
  • Varied bonus and promotion programs (Trading commitment = 20X (original deposit plus bonus amount) – Commitment must be met before a withdrawal request can be processed);
  • Two free withdrawals per month;
  • U.S. customers not accepted at this time;
  • Classic High/Low, Pairs, 60-Second, Long-Term, and One-Touch options;
  • Payoffs run up to 88% (One Touch can reach 500%);
  • Asset choices include Currency Pairs (20), Commodities (7), Indices (24), and Stocks (30) – By using “Pairs” option type, instrument choices can be expanded;
  • Latest version of the SpotOption trading platform, the industry leader;
  • Comprehensive Education Suite includes more than 50 video tutorials, E-books, and an expanded VOD section covering both the basics of binary options trading, as well as advanced trading techniques;
  • Informative daily market reviews;
  • Customer support available “24x7” via live chat, email and phone.

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Platforms

SkyLine Markets elected to go with the industry leading SpotOption trading platform, using its most up-to-date set of features and indicators. Screens are easy to navigate, with all information immediately at your fingertips. Security is top of the line, as well, utilizing banking level 256-bit SSL encryption techniques to ensure your privacy and to prevent external compromise from the hacking community.

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Deposits and Withdrawals

Registration is free, which gives you access to educational materials and other aspects of this broker’s offering. Deposits may be made via credit cards, debit cards, banking wire transfers, or through Skrill (formerly Moneybookers). Same-day withdrawals are possible, but only if KYC/AML documentation is current and in order and any bonus commitments have been met. Your first two withdrawals each month are free.

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Customer Support

The firm takes pride in having one of the more responsive customer service teams. They may be accessed “24X7” online through the live chat function or by email or direct phone. SkyLine Markets also maintains a Comprehensive Education Suite, comprised of more than 50 video tutorials, E-books, and an expanded VOD section covering both the basics of binary options trading, as well as advanced trading techniques, all supplemented by informative market commentary and analysis. Customer service reps are also prepared to guide your every step to ensure successful trading.

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Skyline Markets - Conclusion

SkyLine Markets is one of the newer entrants in the binary options space, having only entered the arena in 2015, but they have made huge strides in their first year. As a new broker, you will have the benefit of newer technology and features, as well as highly competitive payoff ratios, designed to attract those traders looking for better odds. The firm also provides a broader level of support and educational materials to ensure that you are prepared to take on this exciting trading genre with the best guidance and tools available. If news reports are correct, regulatory oversight from the FCA is not far away, but this broker already adheres to best practices when it comes to client deposit safety, privacy, and order execution. As their motto proudly attests, “Join the SkyLine Markets family, and trade like a professional!”

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