HIGHSKY

About company:

HighSky Brokers is a Czech Forex broker offering trading in multiple currency pairs and various CFDs on indices and precious metals.

 

Company. Security of funds

HighSky Brokers is regulated by the Czech National Bank (CNB). This Central Bank of the Czech Republic, which controls the Czech financial markets, including Forex brokers in the country, sets out certain rules and regulations. Licensed companies must report on their activities.

 

Regulated brokers CNB can also offer their financial services in all EU Member States in accordance with the MiFID Directive.

 

In addition, funds deposited to clients of regulated brokers are protected by investor compensation schemes (Czech Guarantee Fund).

 

Trading conditions

This broker provides its clients with the opportunity to choose one of two types of accounts, depending on the trading platform used - MT4 or MT5. Both account types offer interest-free trading with variable spreads, leverage up to 1: 200 and the ability to use micro lots.

 

Those clients who make a deposit of more than $ 10,000 are assigned premium status. They can return 4% to their account.

 

Minimum initial deposit

HighSky Brokers has not set a minimum deposit requirement, so you can open an account with just $ 1.

 

Spreads

This broker does not charge any commission fees, and according to the information on the website, its typical spreads on the MT4 platform are 1.8 pips for the EUR / USD pair, which is above average. This is why we would recommend the MT5 platform where the average spreads are 1.2 pips.

 

Leverage

The maximum leverage with this broker is 1: 200, which is the average for Forex. Leverage is a tool that increases both profits and losses. Thus, higher leverage levels can multiply traders' profits on a small deposit, but they can also lead to losses in excess of the initial investment. However, if you are willing to accept this risk, other brokers offer up to 1: 1000 leverage. You can find them in our ranking.

 

Trading platforms

This broker supports MetaTrader4 and MetaTrader5, available in both desktop, web and mobile versions.

 

MT4 is preferred by most traders as it is easy to trade, supports automated strategies, offers an extensive testing environment, technical analysis tools, and an extended set of charts.

 

MT5 offers a feature-rich environment that provides virtually unlimited trading opportunities, analyzes price movements and automates the trading process with the help of expert advisors.

 

Support service

You can contact specialists by phone, e-mail or directly at the office, which is located in the capital of the Czech Republic - Prague.

 

additional services

HighSky Brokers offers educational resources where traders can learn more about the various aspects of trading in the financial markets using the educational materials and market research published on the website.

 

The company regularly holds seminars where traders can learn the secrets of trading more successful colleagues and share their experience with other investors.

 

Ways of payment

HighSky Brokers offers its clients the following payment methods: bank transfer and credit / debit cards. Popular e-wallets such as Skrill and Neteller are not offered by the broker.

 

Keep in mind that you can withdraw at least $ 100. If you withdraw less, an additional $ 10 fee will be charged.

 

Pros:

 

regulated broker; low minimum deposit; selection of trading platforms; commission trade.

 

Minuses:

 

no ECN environment; no PAMM accounts; does not offer e-wallets.