Headquartered in Cyprus, Skilling is a Scandinavian-owned online trading broker that offers over 800 financial instruments across different asset classes, such as forex, shares, indices, commodities, and cryptocurrencies. They provide clients with their user-friendly and intuitive Skilling Trading platform and the powerful and professional cTrader platform. The broker offers a variety of account types, with a minimum required deposit of €100 and competitive spreads starting from 0.1 pips.
Skilling Review Introduction
In this Skilling review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Skilling.
Skilling Platforms & Tools
Skilling provides traders with a variety of intuitive and powerful trading platforms for trading the various offered instruments. They include:
This is the broker’s proprietary trading platform; it is a user-friendly and intuitive trading platform that offers access to trade over 800 financial instruments with ultra-fast order executions within 0.05 seconds. The platform has a wide range of built-in tools such as an economic calendar, multiple indicators, and drawing tools. It also features the Trade Assistant and the Skilling Academy; they help to improve clients’ trading experience.
The Skilling Trader platform offers full web and mobile support, thus allowing clients to trade on multiple platforms: desktop, web, and the Skilling mobile trading app.
This is a more expansive trading platform that offers versatile trading solutions to professional retail traders and institutional clients. It is intuitive and easy to use, with advanced order capabilities and customization features. Clients can easily access all cTrader features from any web browser, without needing to download any additional software. They can also download the cTrader app on their iOC or Android devices from the respective app stores.
FXOpen Research & Education
The Skilling website has no educational materials, but there is a help center that contains some basic information about the broker’s commissions, leverage, and how to make deposits and withdrawals.
Skilling Trading Accounts
The broker provides clients with a variety of different accounts which depend on their experience, trading styles, and capital. They are available on the Skilling Trader and the Skilling cTrader trading platforms. The account types include:
- Standard Account: The Standard Account has a required minimum deposit of €100, leverage of up to 1:200 is available for professional clients and 1:30 for retail clients, and spreads starting from 0.7 pips. It offers access to trade over 800 financial instruments whilst charging a commission of $35/million per trade.
- Professional Account: Only professional clients are eligible to use this account type. It gives increased leverage of up to 1:200 for certain instruments and a reduction on current margin rates, allowing you to trade with more leverage, as opposed to the limitations of ESMA on retail clients.
Demo Accounts that are preloaded with virtual funds are available for practice purposes. They are recommended for traders who wish to test out the broker’s platforms and practice their trading strategies before going live.
Skilling Account Funding
The broker provides clients with a wide range of account funding and withdrawal options, including bank wire transfer, credit/debit cards (Visa and MasterCard,), and online payment processors, such as Trustly, Neteller, Skrill, Klarna, and Swish.
Third-party deposits and withdrawals are not accepted. The broker does not charge fees for deposits, while the transaction processing time may vary, depending on the payment provider.
Skilling Customer Service
The broker provides traders with a knowledgeable customer support team. They can be reached via Telephone from Monday to Friday, between 08:00 and 17:00 hours. You can also reach them via email and Live Chat.
Skilling Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF license no. 357/18. They are also regulated by the Seychelles Financial Service authority. Skilling Ltd is authorized to operate via its UK branch by the Financial Conduct Authority (FCA), under reference number (FRN) 810951.
Skilling Review Summary
Skilling is a regulated online trading broker that offers over 800 financial instruments across multiple asset classes. They have a variety of trading platforms, account types, funding options, and competitive trading conditions.
It is worth mentioning that some of the trading products and services in this Skilling review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Skilling broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.