Sky Alliance is an Australian Forex broker established in 2005, providing investors with foreign exchange, commodities, futures and index trading services. In addition, a query on the Australian Securities and Investments Commission (ASIC) website shows that the company is regulated or authorised by the Australian Securities and Investments Commission (ASIC). The company's affiliate, Sky Alliance Markets Pty Ltd, holds the company's Authorised Representative licence (AR Licence) with the Australian Securities and Investments Commission (ASIC).
Company background:
According to the official website of Sky Alliance, the company and its affiliate Sky Alliance Markets Pty Ltd are incorporated in Australia. A search on the Australian Securities and Investments Commission (ASIC) website showed that the incorporation information of the company and its affiliates was genuine. The company and its affiliates all hold an ABN number in the Australian Business Register (ABN Lookup). In addition, the domain name registration information of the website queried by Whois shows that the company's official website domain name was registered on November 12, 2021, and the domain name registration time has been more than 2 years ago.
Account Registration:
According to the official website of Sky Alliance, the company provides investors with registration links for real accounts and demo accounts. The way to register a real account is: Click "LIVE ACCOUNT" on the top of the homepage of the official website of Sky Alliance, or "Start Trading" on the left of the homepage of the official website of Sky Alliance to enter the account registration page, and select or fill in the language preference, registered account type, name, country, Email, phone number and other information as required. Click Next to enter the "Account Details" page, and select or fill in the trading platform, account currency, trading account type, password, title, date of birth, gender, ID information, residential address and city and other information on the page, you can complete the real account registration. The registration method for the demo account is: Click "DEMO ACCOUNT" at the top of the home page of the official website of Sky Alliance, or "TRY DEMO ACCOUNT" on the left of the home page of the official website of Sky Alliance to enter the account registration page. After you select or fill in your name, language, phone, Email, trading platform, account currency, account preference, account type and other information as required, you can complete the demo account registration. In addition, the Sky Alliance official website account registration page supports simplified Chinese and English.
Account Type:
According to the official website of Sky Alliance, the company provides investors with four different types of trading accounts: Standard Account, ECN Account, Swap-Free Standard Account and Swap-Free ECN Account. In addition, the official website of Sky Alliance also provides the differences between these four accounts in terms of minimum deposit amount, spread, commission, etc.
Trading Products:
According to the official website of Sky Alliance, the company provides trading services for investors in foreign exchange, commodities, futures and indexes. In addition, Sky Alliance not only provides specific trading products covered by foreign exchange, commodities, futures and indexes on its official website, but also provides information about the minimum trading unit, maximum trading unit, margin (leverage) ratio, and forced closing ratio of specific trading products. However, the Sky Alliance website does not provide information on commissions, spreads and overnight interest for specific trading products.
Margin ratio:
Sky Alliance not only shows on the homepage of its official website that it offers investors up to 400: The margin (leverage) ratio of 1, and the maximum margin (leverage) ratio of different types of accounts are provided in the "Account Type", and the margin (leverage) ratio information of Forex, commodities, futures, and specific trading products covered by the index is also displayed in the "Trading products".
Trading Hours:
In the "Trading Products" section, Sky Alliance provides trading hours information for specific trading products covered by Forex, commodities, futures and indices.
Deposits and Withdrawals:
According to the official website of Sky Alliance, the company provides investors with deposits and withdrawals by UnionPay, bank wire transfer, VISA, Mastercard, Neteller, Skrill and other methods or channels. In addition, the official website of Sky Alliance also provides deposit and withdrawal currencies supported by different deposit and withdrawal channels or methods, as well as deposit and withdrawal time. However, the official website of Sky Alliance does not provide deposit and withdrawal fees for different deposit and withdrawal channels or methods.
Trading Software:
According to the official website of Sky Alliance, the company offers investors MetaTrader4 (MT4) two types of trading software. Sky Alliance offers MT4 trading software for PC (Winodws/MacOS), mobile (IOS/Android) and Pad.
Other services:
According to the official website of Sky Alliance, the company provides investors with MAM/PAMM account management, copy trading, market news, economic calendar, market insights, analysis articles and other services. MAM/PAMM Account management allows investors to manage the trading of multiple sub-accounts from one main account. Copy trading allows investors to use or take charge of someone else's investment strategy or trading method. The economic calendar can help investors understand the economic data or financial events that have happened or are about to happen in the financial markets.
Regulatory information:
Sky Alliance website information shows that the company is regulated or authorised by the Australian Securities and Investments Commission (ASIC), the company's affiliate Sky Alliance Markets Pty Ltd holds an Authorised Representative licence (AR licence) from the Australian Securities and Investments Commission (ASIC). A search on the Australian Securities and Investments Commission's (ASIC) website shows that the company and its associate, Sky Alliance Markets Pty Ltd, are regulated or authorised by the Australian Securities and Investments Commission (ASIC). As well as holding an Authorised Representative Licence (AR Licence) from the Australian Securities and Investments Commission (ASIC).
Summary:
Sky Alliance is a normal broker. This is despite the fact that the company's affiliate, Sky Alliance Markets Pty Ltd, holds an Authorised Representative licence (AR licence) with weak regulatory or investor protection. However, the official website of Sky Alliance shows that the company and its affiliated company Sky Alliance Markets Pty Ltd are registered in Australia, and the query result of the website of the Australian Securities and Investments Commission (ASIC) shows that the information of the company and its affiliated companies are true. The company and its affiliates all hold an ABN number in the Australian Business Register (ABN Lookup). More importantly, a query on the Australian Securities and Investments Commission's (ASIC) website revealed that the company and its associate, Sky Alliance Markets Pty Ltd, are regulated or authorised by the Australian Securities and Investments Commission (ASIC). As well as holding an Authorised Representative Licence (AR Licence) from the Australian Securities and Investments Commission (ASIC). According to this, Sky Alliance is a normal broker. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
