ANSWER Sky Gold Market is not a regulated or licensed broker for traders even though it states offers that look good to be true.Sky Gold Market claims it has launched its business since 2016. But when we checked its domain, we found it was newly created on 21st Aug 2022. So how could it start its business in 2016? It is a red flag here.Besides, Sky Gold Market claims to be globally licensed and regulated while presenting no details of its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. Sky Gold Market only shows its company address in Seychelles, but we did not find any match results to this broker in the Seychelles financial regulator Seychelles Financial Services Authority (Seychelles FSA).The truth is, Sky Gold Market is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Sky Gold Market and trade with licensed brokers.
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