On-line since: About the company: HighSky Brokers is a Czech brokerage company that offers several currency pairs and various CFDs for indices and precious metals for trading. Company. Safety of funds HighSky Brokers is regulated by the Czech National Bank (CNB), the central bank of the Czech Republic. The CNB controls the Czech financial markets, including local forex brokers, and establishes certain rules and regulations. All licensed companies must report on their activities to the bank. Regulated by CNB brokers can also offer their financial services in all EU member states in accordance with the MiFID Directive. In addition, funds deposited to regulated brokers are protected by compensation schemes for investors (the Czech Guarantee Fund). Trading conditions This broker offers its clients an opportunity to choose one of the two account types, depending on the used trading platform MT4 or MT5. Both types of accounts offer interest-free trading with variable spreads, leverage up to 1:200, and micro-lots. Those clients who deposit more than $10,000 acquire the Premium status. They can return 4% to their accounts. Minimum deposit HighSky Brokers has not set special requirements for a minimum deposit, so you can open an account with only $1. Spreads The broker does not charge 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, which is above average. That's why, we recommend the MT5 platform, where the average spreads are 1.2 pips. Leverage The maximum leverage is 1:200, which is the average for the market. Leverage is a tool that increases both profit and loss. Thus, higher levels of leverage can multiply the profits of traders with a small deposit but they can also lead to losses that exceed the initial investment. However, if you are willing to take this risk, other brokers offer a leverage of up to 1:1,000. They are also listed in our rating. Trading platforms This broker supports MetaTrader 4 and MetaTrader 5, available both in desktop, browser, and mobile versions. Most traders prefer MT4 as it is convenient, supports automated strategies, offers an extensive testing environment, technical analysis tools, and an extended set of charts. MT5 offers a multifunctional environment that gives almost unlimited opportunities for trading, analyzes movement of prices, and automates the trading process using expert advisors. Support service You can contact specialists by phone, email or visit the office in Prague, the capital of the Czech Republic. Additional services HighSky Brokers offers educational resources which can help traders learn more about different aspects of trading in financial markets. Traders can use the training materials and marketing researches published on the website. The company regularly organizes seminars where traders can learn the secrets of trading from more successful colleagues and share their experience with other investors. Payment methods HighSky Brokers offers its clients the following payment methods: bank transfer and bank cards. The broker does not support popular electronic wallets like Skrill and Neteller. Keep in mind that you can withdraw no less than $100. If the withdrawal amount is less, an additional fee of $10 will be charged. Advantages:
Disadvantages:
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I have got the most horrible trading experiences with HighSky Brokers. I sent a $1k withdrawal request on 15 June 2022 and they did not pay to me this amount. I have already sent more than 10 emails but they did not get any reply from them. Last Monday I made a call to their support they inform me that I cannot withdraw $1k at a time. This is very annoying. I read several reviews on the different websites all of them complained that they are not honest about their withdrawal.
I am using High Sky after testing it for a while. Their spreads are okay. Deposit bonuses also very nice and useful. Anyone who has an issue with them has not had much experience with brokers or serious trading, and probably does not understand the implications of trading with a true regulated broker.
After trading at High Sky for a month, I realized that I made a wrong decision. The broker has terrible trading services. The trading tools are very complicated and sometimes even causes the platform to crash.
This platform is therefore unusable. It is always re-quote when the news fundamental has coming. Bad trading experience. After making a large profit with them, they disabled my trading account by showing hidden rules and took my profit. I don't have a satisfactory experience with High Sky. I found their platform very slow and not user-friendly. They've spent all my money with a very clever and cunning. They are good at lying to traders who are new like me.
I say, High Sky platform's MT4 platform is organized and I can trade easily with their clear graphical chart and advance tools. Their price quotes are live and my trade execution is fast. Also, I can see signals and big news notifications on the platform too. So I can find everything in one place and make a profitable trade easily. Even their Withdrawal request on time. Actually, I am satisfied with the High Sky broker so far.
Opening an account at High Sky is not problem. They have a low minimum initial deposit and and the procedure is easy to follow. However, earning at this broker is a little difficult. Their trading platforms are not always in good condition. In my experience, most of the time, the platform would lag or crash.
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