In this honest Skilling review, our expert reviewers will take you through every important detail of this CFD forex broker, whether it’s the license, commissions, or trading platforms or financial instruments.
Skilling is currently operating in the foreign exchange market, yet it also offers you trading instruments from other markets, including stocks and cryptocurrencies.
Alongside a lucrative leverage rate, as well as very affordable commission charges, Skilling’s trading ventures are also overseen by two immediate regulators from Cyprus and FSA Seychelles. Additionally, the British regulator FCA also authorizes the broker’s activities within its borders.
Table of Contents
Skilling Pros & Cons
- CFD broker with Scandinavian ownership
- $100 Welcome Bonus under FSA License
- High leverage up to 1:500 (under FSA License)
- Platforms: MT4, cTrader, TradingView, Skilling Trader
- Leverage 1:30 under CySEC license for European traders
- Competitive forex spreads starting from 0.1 pip
- CFDs on Forex, Shares, Indices, Cryptocurrencies
- CySEC, FSA licenses; FCA authorization
- Limited educational material
- Only CFDs
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Is Skilling safe and legit?
Skilling is considered as a safe CFD broker with a high quality score.
Two top tier 1 regulators:
- CySEC Cyprus License nbr. 357/18
- Financial Conduct Authority UK (FCA) license under Reference Number (FRN) 810951
One Tier 3 regulator
- FSA Seychelles License nbr. SD042.
Last but not the least as a CySEC regulated broker it complies with strict European Financial Regulatory framework MiFID II which forces brokers to use segreagated funds, negative balance protection, moderate leverage and broker bancruptcy insurance up to 20,000€ per trader.
Skilling Account Types
When trading with Skilling Forex broker, you get to choose between two retail accounts: Standard and Premium. Let’s see what advantages these accounts come with:
You can get started with Skilling’s Standard account for just a 100 USD minimum deposit. And as shown in our review of Skilling forex broker, trading opportunities are still abounding, even though this is just a base account.
For example, it includes all three trading platforms – MetaTrader 4, cTrader, and Skilling Trader, as well as goes all the way up to 1:500 on leverage, not to mention negative balance protection and the ability to do scalping.
With Skilling’s Premium account, you can truly take your trading game to the next level. This account comes with a 5,000 USD deposit requirement and goes as low as 0.1 pips on spreads.
Similarly to the Standard account, the Premium account allows you to trade all available instruments, be it currencies, stocks, indices, or cryptocurrencies. And, what’s more, you can even open positions for the micro lot (1,000 currency units).
Skilling Trading Platforms and Tools
All the trading processes are powered by three main platforms at Skilling. These are: MetaTrader 4, cTrader, and Skilling Trader.
Being in the trading market for over 16 years now, MetaTrader 4 is already an industry standard. Within our Skilling broker review, it proves to be an even more enhanced platform.
MT4 at Skilling offers you:
- Algorithmic trading using its Expert Advisors
- Industry-leading order execution speeds
- A diverse selection of technical indicators
- Customizable trading
cTrader is no less sophisticated platform than MT4. In fact, there are areas where it excels over its competitor.
Skilling’s cTrader platform offers you:
- 800+ instruments to trade
- Complete charting package
- A more modernistic design
- No commissions or hidden fees
Skilling Trader is the broker’s proprietary trading platform that directly competes with MT4 and cTrader. It packs impressive trading functionality, whether it’s a simplistic interface, full-fledged trading assistant, or the ability to trade on both desktop and mobile devices.
Broker has recently announced that they are now able to connect your trading account with TradingView.
During this review, we discovered an extensive collection of research tools and materials that help you maximize your potential in the market.
Among these tools, the primary ones are technical indicators. Using dozens of different indicators, whether it’s moving averages or oscillators, you can conduct a thorough technical analysis and predict the upcoming price changes more or less accurately.
In addition to that, Skilling’s platforms support a variety of charts, timeframes, and automated trading scripts.
Financial Assets Covered
As noted earlier, Skilling is a forex trading brokerage. However, it also supports many other financial markets. In total, there are 5 different asset classes you can choose from, namely:
- Currency pairs
Not only does Skilling boast with its multitude of trading instruments but it also pairs them with lucrative trading terms and conditions.
The maximum leverage you can get with currencies goes up to 1:500, whereas the minimum spread starts from 0.1 pips.
Deposits and Withdrawals
As we have found in our review of Skilling forex broker, there are multiple payment methods available on its website. All deposits are executed instantly, whereas withdrawals take a maximum of 1 day.
Plus, all transactions are commission-free.
Skilling Deposit/Withdrawal Methods
Here is the list of depositing methods for European clients:
- Visa, Mastercard
- Google Pay, Apple Pay
- Skrill, Neteller
Here is the list of depositing methods for non-Europe clients:
- Skrill, Neteller
Account Base Currencies
When setting up the Skilling account, you can choose the following base currencies:
In terms of contacting the broker and getting detailed information about certain trading features, Skilling offers you a number of different options on its website, namely:
- Phone call support
- Email support
- Live chat
As it was demonstrated in our in-depth review, this broker differentiates itself with sturdy licenses from the CySEC and FSA, as well as the authorization from the FCA.
Skilling broker also offers you hundreds of trading instruments with lucrative terms and conditions. Therefore, whether you’re a beginner or an experienced trader, we recommend you to trade with Skilling.