This broker is closed.
SkyLine Markets are a new addition to binary options market. They stated operating in 2015 and are owned by Capital Market Services Limited.
South African traders can deposit in USD, EUR and GBP, however for those interested in depositing in their local currency the procedure is to get in touch with SkyLine Market customer support in order to further discuss this issue.
Minimum deposit with this broker is set at $250 which is an average amount in binary options industry.
With SkyLine Markets it is possible to achieve returns of 88%. They also offer several different bonuses and a trading turnover of 20x is a necessary requirement before the bonus can be withdrawn. Max.bonus is $10,000.
Minimum investment per trade is $25.
As of yet SkyLine Markets are not regulated and they do not accept USA traders.
However, due to their reputation as a reliable broker we decided to compile our SkyLine Markets broker review and offer South African traders more useful info on this broker.
SkyLine Markets Demo Account
In our SkyLine Broker review we managed to discover they use the latest version of SpotOption trading software which is one of the most prominent names when it comes to software in binary options trading.
Their trading platform is modern, well-organized and user-friendly which will enable South African traders to find their way around it easy and efficient.
Currently, the only language available on the platform is English.
Our SkyLine Markets broker review has also found that they offer various trading options and expiry times.
Trading options include:
- Pairs
- Long Term
- Call/Put
- 60 Seconds
- One Touch
- FX/CFD
Their expiry times range from 1 minute all the way to 2 -3 months which enables traders to choose the expiry times they find best suited to their trading style.
SkyLine Markets also have numerous underlying asset (over 80) divided into four types: currencies, stocks, commodities and indices. Asset Index can be found in the Trade section so traders can browse and study the full list of underlying asset for each asset type.
Bearing in mind that SkyLine Markets have been present on the market for a relatively brief period we were pleasantly surprised they already made sure to provide their registered trades with both web-based and mobile-based platform.
Mobile trading apps have become very popular lately since they allow traders to trade binary options regardless of their location which saves valuable time which makes them a great trading tool.
Another benefit of using mobile trading app lies in the fact that traders can take advantage of any and all trading opportunities that appear on the market since mobile app enables continuous market following.
Another great benefit of trading with SkyLine Markets is the opportunity to use their demo account. Demo account is a valuable trading feature which can be of great use to both novice and experienced traders.
In the first case it provides newbie traders with safe trading environment while they are still trying to connect all the dots and find their way around the trading process.
For experienced traders the opportunity to use the demo can be useful if they want to test a certain strategy or different trading options and expiry times. SkyLine Markets demo account is available to all active traders’ accounts and is accessible on request so South African traders interested in using demo account should contact SkyLine Markets customer support.
In compiling our SkyLine Markets review we have also discovered their extensive Education Centre which can also be located in their Trade section.
The Education Centre is impressive and it offers comprehensive information and instruction on all key binary option trading elements. Therefore, South African traders can find detailed instruction how to trade each option offered by SkyLine Markets.
There is also SkyLine TV but this part is available only to registered and logged in users.
Furthermore, there is a detailed FAQ part in Help section which provides further details about general info concerning this broker but it also provides specific info on account types, banking as well as security and compliance.
Tip: Consider IQ Option South Africa instead – the best regulated broker for South African traders with a minimum deposit of only $10!
SkyLine Markets Account Types
This section in our SkyLine Markets review is dedicated to various account types they have for their traders. There are five different account types in total and each offers a specific set of features to traders and each has a determined minimum deposit.
SkyLine Markets Micro Account
- Minimum Deposit from $250 – $5,000
- 24/7 customer service
- Event trading
- 25% Welcome bonus
- Demo Account
SkyLine Markets Apprentice Account
- Minimum Deposit $5,000 – $25,000
- Event Trading
- 35% Welcome Bonus
- Demo Account
SkyLine Markets Broker Account
- Minimum Deposit from $25,000 – $50,000
- Demo Account
- Event Trading
- 24/7 Customer Support
- Same Day Withdrawals
- Dedicated 24/7 Broker available
- 50% Welcome Bonus
- Market Reviews – daily
- VIP Mentorship Program
SkyLine Markets Executive Account
- Minimum Deposit from $50,000 – $250,000
- Demo Account
- Same Day Withdrawals
- 75% Welcome Bonus
- Market Reviews – daily
- Money Management Services
- VIP Mentorship Program
- 24/7 Customer Service
- Event Trading
- Dedicated 24/7 Broker
SkyLine Markets VIP Account
- Minimum Deposit $250,000+
- Demo Account
- 24/7 Customer Service
- 24/7 Dedicated Broker
- Same Day Withdrawals
- 100% Welcome Bonus
- VIP Mentorship Program
- Market Reviews – daily
- Services for Money Management
- Event Trading
SkyLine Markets Scam
As an important part of any binary options broker, we also took a look at their customer support services in our SkyLine Markets broker review and we discovered that South African traders can use email, live chat and phone to get in touch.
Blue Live Chat icon is located on the right-hand side and it is the fastest way for traders to get information they need. Call Us and Email icons can be found on the left-hand side fort those traders who prefer those means of communication.
SkyLine Markets customer support service is available 24/7.
We shall round up our SkyLine Markets broker review with useful information on their banking policy.
First of all, South African traders should know that this broker took all the necessary precaution measures when it comes to providing adequate security on their trading platform so they use 256 Bit SSL security which encrypts all data and they keep all client funds segregated. We did not receive any complaints about SkyLine Markets scam.
Available payment methods with this broker includes:
- Bank wire transfer
- Credit/debit cards: Diners, MasterCard, Visa, American Express, CartaSi, JCB, Laser, Visa Electron, Bleue and Maestro
- E-wallets: Skrill, Webmoney, Ukash, iDeal, entropay and China Union Pay
In order to make a withdrawal, traders are required to comply with KYC policy which means they have to submit documents (copy of passport or ID, utility bill as a proof of address, credit card copy) that prove their identity in order to prevent fraud, money laundering or identity theft.
Minimum withdrawal at SkyLine Markets is set at $100 and it takes approximately 3 business days for the request to be processed with additional 3-7 business days for funds to be visible in traders’ account.
SkyLine Markets does not charge a withdrawal fee for credit card withdrawals. Other withdrawal methods have 2 free withdrawals per month while every consequent withdrawal in a month is charged $30.
Traders who have VIP, Broker and Executive accounts with this broker have same day withdrawal approval.
