Reported as a scam / unregulated
Why Sky Gold Market is on the register
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 under valid regulation by any regulators to do forex. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.