Skyline Markets was founded a few months ago and incorporated in the Marshall Islands with a goal of providing a quality trading experience for binary options and forex traders. As a new broker, it is not yet regulated by any of the major regulators. In the short period of its existence, Skyline Markets have gained a reputation for providing trader education through its Skyline TV Channel and other sources of trading resources and information.
PLATFORM AND TRADE TYPES
The trading platform used by Skyline Markets is the Spot option trading platform. It is completely web based and can be assessed both on computers and on mobile browsers. The company is working on a mobile app. The Spot option trading platform is a popular point and click interface that most experienced traders would already be used to and new traders would have no problems adapting to the platform.
The company offers the following binary options trade types:
⦁ One Touch: This is a situation where the traders purchase or sell an asset when the markets are closed and bet on whether the asset’s price would reach a predetermined price at any time during the trading period.
⦁ High/Low: Like all reputable binary options trading providers, Skyline Markets offers this traditional trade type where a trader purchases a call option to take advantage of increase in the current strike price or purchases a put option if he feels the future price would be less than current strike price.
⦁ Pair Trading: Pair Trading allows you to predict the relative performance of two assets and make profits if your predictions are correct.
⦁ 60 seconds: This is a short term trading option with an expiry time of 1 minute.
⦁ Ladder: Skyline Markets offers Ladder trading options which a trader can use to secure profits and roll over as the price reaches predetermined price levels.
⦁ Long term: Traders who prefer longer time frames are not left out.
SKYLINE MARKETS DEPOSITS AND WITHDRAWALS
Deposit options include Bank Wire, Credit/Debit Cards, Skrill, Webmoney, Ukash and UnionPay. The minimum deposit is $200.
The minimum withdrawal amount is $100 and can be done using the same deposit methods. Most withdrawals go through within 24 hours.
BONUSES AND PROMOTIONS
Skyline Markets is currently offering a 150 % bonus on all initial deposits. If you deposit the $200 minimum, you would get $500 in your account. However, you would need to trade 20 times the bonus amount in trading before withdrawal.
Skyline offers customer support through phone, email and live chat.
Phone Number: +44-20-3769-6655
PROS AND CONS
⦁ Fast withdrawals
⦁ Huge Bonus for Initial Deposits
⦁ Personalized Customer Support
⦁ Relatively new broker
⦁ Not currently regulated
Skyline Markets appear to be a great binary options platform as they offer services backed by state of the art technology. However, as a new binary options platform, reservations are in order. Perhaps once the company can get license and regulatory approval, a full recommendation would be in order.