Skilling is a CySEC and FSA-regulated broker. This registered broker is a market leader for traders seeking access to over 800 assets, including Forex, Shares, Indices, Commodities, and others. Skilling provides competitive spreads beginning at 0.1 pip, and its platforms include the proprietary Skilling Trader, as well as cTrader and MetaTrader 4.
Its customer service complements its straightforward, user-friendly trading experience. There is a full “Help Centre” with FAQs and contact information for the broker. It is simple to open a Skilling account. You join up, then go through an ID verification procedure before you can start trading.
Skilling accepts several payment options, including Visa, Mastercard, Neteller, AstroPay, Skrill, and others. Traders who want to sample Skilling before trading with real money will appreciate the broker’s free demo account, which allows you to test Skilling before committing. This review will go through the primary aspects of Skilling.
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Skilling Pros & Cons
| ✅ Regulated by CySEC and FSA, ensuring a high level of security and protection for traders | ⚠️ Limited educational resources compared to some other brokers |
| ✅ Offers over 800 instruments for trading, including Forex, shares, indices, and commodities | ⚠️ Limited availability in some countries, including the United States and Canada |
| ✅ Competitive spreads starting at 0.1 pips | ⚠️ No 24/7 customer support, with support available only during limited hours |
| ✅ Intuitive and user-friendly trading platforms, including Skilling Trader, cTrader, and MetaTrader 4 | |
| ✅ Wide range of payment methods, including Visa, Mastercard, Neteller, Skrill, and more | |
| ✅ Free demo account available for traders to try out Skilling before committing to a live account |
Account Options
It’s worth noting that Skilling’s maximum forex leverage is 30:1, as per regulatory requirements by CySEC and the FSA. Here are the complete account options for Skilling:
Account Types:
- Retail Account
- Professional Account
Retail Account:
- Minimum Deposit: 100USD/EUR/GBP or 1,000 SEK/NOK
- Leverage: Up to 30:1
- Spread Type: Variable
- Commission: None
- Tradable Assets: Over 800 instruments, including Forex, Shares, Indices, Commodities, and more.
- Platforms: Skilling Trader, MetaTrader 4, cTrader
- Demo Account: Yes
- Hedging: Yes
- Scalping: Yes
- Negative Balance Protection: Yes
- Islamic Account: Yes, available upon request
- Customer Support: 24/5
Professional Account:
- Minimum Deposit: 10,000 USD/EUR/GBP or 100,000 SEK/NOK
- Leverage: Up to 500:1 (depending on the asset)
- Spread Type: Variable
- Commission: None
- Tradable Assets: Over 800 instruments, including Forex, Shares, Indices, Commodities, and more.
- Platforms: Skilling Trader, MetaTrader 4, cTrader
- Demo Account: Yes
- Hedging: Yes
- Scalping: Yes
- Negative Balance Protection: Yes
- Islamic Account: Yes, available upon request
- Customer Support: 24/5
Regulation and Security
Skilling is a regulated broker, licensed by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA). These regulatory bodies ensure that the broker operates within strict guidelines to ensure the safety of traders’ funds and personal information.
Skilling also utilizes advanced security measures to protect traders’ personal information and funds. The broker uses SSL encryption to protect sensitive data, and client funds are kept in segregated accounts with trusted financial institutions.
Conclusion on Skilling Broker
In conclusion, Skilling is a well-regulated broker that offers traders a wide range of trading instruments and platforms to choose from. The broker has competitive spreads, low minimum deposit requirements, and a variety of payment methods. Additionally, Skilling offers a user-friendly trading experience and a responsive customer support team. However, it is worth noting that Skilling does not accept traders from the USA, and their maximum leverage is limited to 30:1. Overall, Skilling is a great option for traders who are looking for a reliable and trustworthy broker with a solid track record in the industry.
