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Note: Since this brokers official site (https://www.skycapitalfx.com/) is not accessible at the time of writing this introduction, only a cursory understanding can be obtained from the Internet.
Sky Capital FX is allegedly a Britain forex broker that provides its clients with up to 1:500 leverage, variable spreads on different kinds of trading assets and a choice of four account types.
From the name of Sky Capital FX, we can easily know this broker may offer trading on forex, yet we cannot confirm it. Other more detailed information about market instruments are not available on the Internet.
There are four live trading accounts offered by Sky Capital FX, namely Standard, Gold, VIP and Platinum. The minimum initial deposit to start a Standard account is $100, while the other three accounts require much higher initial capital, $500, $5,000, and $10,000 respectively.
The maximum leverage ratio is influenced by what account types traders are holding. Clients on the Standard or Gold account enjoy the maximum leverage up to 1:500, while the VIP account with the leverage as high as 1:300, and the Platinum account with the leverage of 1:100. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Different account types enjoy different minimum spreads. For instance, the spreads in the Standard account starts from 1.2 pips, the Gold or VIP account from 1 pips, while the Platinum account enjoy raw spreads.
Sky Capital FX‘s customer support can be reached through telephone: +442080896133, email: email@example.com. However, this broker doesn’t disclose other more direct contact information like company address while most brokers offer.
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Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.