Skilling Guide – Read our In-Depth Skilling Review
Skilling Rating: 4.58 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This Skilling review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Skilling review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the world of trading and brokerage, so many facts will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You'll get adept at all the concepts of broker since you keep trading. For starters, you need to select the ideal broker who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment plan will create hefty returns. Skilling is just one such stage which will take you along with your investment to great heights. It's important that you understand all about Skilling before you trust them with your cash.
Skilling Guide – Quick Summary
Skilling Telephone Number:
Skilling Email Address:
Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042
Number Of Clients:
5,000+ Skilling users and traders
Skilling Facebook Likes:
Skilling Twitter Followers:
Skilling Instagram Followers:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor
|Skilling Telephone Number:|
|Skilling Email Address:|
|Regulated By:||Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042|
|Number Of Clients:||5,000+ Skilling users and traders|
|Skilling Facebook Likes:||0|
|Skilling Twitter Followers:||0|
|Skilling Instagram Followers:||0|
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor
Our entire Skilling Review covers everything you need to know about trading with Skilling. A good broker can multiply your first investments and give you favourable profits. If you want to make profits, you should trade with a broker service that contrasts with your investing objectives.
There is no sure-fire method to guarantee profits; thus, you must carefully assess your broker before you select them. It is a frequent misconception that all agents are the same, but that's not true. Wrong judgment, in the beginning, can put your investments in danger.
Skilling is a broker which has found its way successfully into the brokerage world. In this review, we've tried to collate a number of the important aspects of Skilling. This review can allow you to know whether Skilling is a fantastic fit for your own investments or not. We have attempted to breakdown all the qualities and fees for your convenience.
Skilling Review, Table Of Contents
- Who are Skilling?
- Benefits Of Trading With Skilling
- Everything you should know about trading with Skilling
- Is Skilling Safe To Trade With?
- Skilling Risk Disclaimer
- Pro's & Con's Of Trading With Skilling
- Compare Brokers Similar To Skilling
- Regulation And Licencing In More Detail
- Skilling Awards
- Minimum Deposit Required For A Live Account With Skilling
- Skilling Commission And Fees Explained
- Compare broker fees against Skilling
- Skilling Withdrawal Fees Explained
- Skilling Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Skilling?
- Alternatives To Skilling
- Frequently Asked Questions About Skilling
Who are Skilling?
Skilling is a foreign exchange broker headquartered in Cyprus and provides a variety of instruments for trading. Since its inception in 2016, Skilling has emerged as a top-tier player in the field of online broker. Skilling has a highly competitive and full-featured trading site that's focused on currency, indices, metals, shares, commodities.
Over the past 5 years, Skilling has grown into one of the leading online brokers.
After launching in 2016, their client base has become as big as 5,000+ clients.
Skilling is the favourite of many dealers because of its negative balance protection. Our Skilling review found that they are an superb choice for automated trading solutions. It is most appropriate for investors who are looking for an assortment of assets. Social and automated trading options are the heart at Skilling.
Technology plays a significant role in Skilling. Skilling offers trading on MT4, Web Trader, Tablet & Mobile apps. Skilling is fair, transparent, and a well-regulated agent by the Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042. Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The trader resource section at Skilling is quite enlightening for new dealers since it allows them to get a closer look at the financial markets. Skilling caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to trading.
If you feel that Skilling is not right for you then at the bottom of this Skilling review you wil find a lot of alternatives to Skilling.
Everything you ought to know about trading with Skilling
Skilling is a lively platform that offers various techniques of online trading. These instruments cover the financial markets considerably. Most of the broker platforms provide fewer methods than Skilling
If you want to trade with Skilling, you'll require a minimum deposit of $100. This deposit is mandatory if you would like to start trading with Skilling. This 2021 Skilling review will guide you easily about trading with them.
Skilling is as flexible as any other brokerage platform. Skilling is ideal for traders who want a manageable range of cheap services. The programs supplied by Skilling are third party, white-label offerings. All traders may choose from MT4, Web Trader, Tablet & Mobile apps.
Together with everything, Skilling has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a trade has to be kept available. The brokers offer premium customer service which rewards customers with benefits.
Many unethical brokers attempt to pressurise customers into bigger financing for superior services. Skilling, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the more benefits will become available.
Skilling accounts are available all over the world and provides outstanding service wherever they have clients. There are a few countries where Skilling accounts are not available. Traders in the following countries cannot open or use a Skilling account:
BR, KR, IR, IQ, SY, JP, US
Is Skilling Safe To Trade With?
Established in 2016, Skilling has been in operation for 5 years, they are headquarted in Cyprus.
Skilling is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042. These bodies have rules that mandate that trading platforms have steps in place to maintain investor's resources procured. This usually means that Skilling users do not need to be worried about their money as it's segregated and safely kept in banks that are established. SSL encryption secures every user's private information as well.
You are able to make use of a choice for Two Factor Authentications (2FA) with Skilling for heightened security. An SMS with the confirmation code will be sent to your mobile phone. You will be required to enter this code to log into your account.
Another concern with financial brokers is in respect to security might be manipulation of trading. This is highly disadvantageous to users on those platforms. However, this is more widespread in the example of Market Maker brokers who compete with customers on the platform.
Skilling Risk Disclaimer
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor
Pro's & Con's Of Trading With Skilling
Every online trading platform has some pros and cons Skilling review would be complete without having a balanced approach. This Skilling review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Skilling is trusted by 5,000+ clients
- Skilling offers Negative Balance Protection
- Skilling has low minimum deposit requirements
- Skilling doesn't charge withdrawal fees
- Skilling doesn't charge inactivity fees
- Skilling doesn't charge deposit fees
- Skilling doesn't charge CFD fees
- Skilling offers social trading
- Skilling offer trading on MT4, Web Trader, Tablet & Mobile apps
- Skilling offer 100 trading instruments
- Skilling trades major forex pairs
- Skilling trades minor forex pairs
- Skilling trades exotic forex pairs
- Skilling offers trading on cryptocurrencies
- Skilling can communicate in English, and Chinese
- Skilling does not offer Guaranteed Stop Loss
- Skilling doesn't offer copy trading
- Skilling doesn't offer trailing stop
Skilling Review - Compare Brokers Similar To Skilling
|Skilling||Advanced Global Markets||Nabtrade||TopForex|
|Rating||4.58 / 10||4.62 / 10||4.18 / 10||6.16 / 10|
|Regulated By||Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042||Cyprus Securities and Exchange Commission (CySEC)||Unregulated||Cyprus Securities and Exchange Commission (CySEC)|
|Find Out More|
|Risk Warning||CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor||Your capital is at risk||Your capital is at risk||Losses can exceed deposits|
Skilling Review - Regulation And Licencing In More Detail
Skilling is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042.
Skilling, as a company, has a strong collection of rules for ensuring honest trading onto its own platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, client data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Skilling Review - AwardsAt the time of writing this Skilling review, and despite Skilling’s impressive offering, the company has surprisingly not garnered any other awards to date.
Skilling Trading Platforms
Skilling are a professional brokerage that has been trading for over 5 years. They offer a large range of options in their client accounts.
Below we take the main parts of any reputable online trading platform and compare Skilling against Advanced Global Markets, Nabtrade, and TopForex
Skilling Review - Minimum Deposit Required
The minimum deposit that you need to get started on Skilling is $100. This is an adequate amount for those just starting out. You can create more complex deposits as you go along. But, ensure that you know how to make the most of your money before investing in larger amounts.
Skilling Review - Commission And Fees Explained
Skilling is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an internet broker is not necessarily affected by the number of clients they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily 3 types of penalties for this objective.
The first sort of fees to keep an eye out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In these instances, you're spending a spread, financing speed, or a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are people who are billed when you hold a leveraged position for longer than daily.
Apart from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake in your accounts. They're billed for things like depositing money, not investing for long periods, or withdrawals.
Generally, Skilling does not charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who often trade, such as weekly or daily trading.
But, non-trading fees charged by Skilling are comparatively lower. As a result, you are billed more for non-trading actions on your trading accounts, such as withdrawal and deposits. These are not about the purchase and sale of assets.
This Skilling review breaks down every one of the applicable non-trading charges for you in detail.
Compare broker fees against Skilling
Skilling Review - Withdrawal Fees ExplainedSkilling doesn't charge withdrawal fees
Withdrawal of cash is possible at any time from your Skilling account. It's possible to draw up sums to the sum of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don't always need to have any cash in your accounts.
Moreover, the withdrawn money will be transferred directly to the account you use to make deposits. Therefore, if you used a credit card for deposits, the withdrawn cash is going to be sent into the card. Skilling will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you're opting to withdraw in.
Skilling Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions which run through your mind when open an account with Skilling. An inactivity fee is an amount charged to registered traders who haven't engaged in buying or selling for a while. The period regarded as inactive is determined by the agent.
The inactivity fee differs from 1 broker to another and isn't standardized. If a dealers account doesn't have a buying or selling trade, it's claimed by the broker as an inactivity charge. The traders need to pay this commission under conditions and terms they had consented while enrolling.
Skilling doesn't charge inactivity fees so you are free to use your account as needed
Even if no charges have been indicated by Skilling, it's best for you to close the account if you are inactive. Inactivity fees aren't just charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you've chosen. The inactivity fee is exposed to a lot of conditions and needs to be disclosed clearly by the agent beforehand.
Skilling Review - Deposit Fees Explained
When you transfer money into your trading account from your bank account, a deposit fee can be billed by the broker. Most agents don't charge too much money for this particular operation.
Skilling doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the Skilling trading platform is easy. You simply need to finish a single-user profile survey to begin depositing money into your trading account. You'll need to give an identity proof and proof of residency to deposit large sums.
Skilling Review - Compare Broker Deposit Methods
What Can You Trade With Skilling?
Note: Skilling offers many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered can differ depending on the country of residence of the client.
Skilling has a wide variety of over 100 instruments available for you to trade with.
If trading currency pairs is of interest to you then Skilling offer over 50 forex pairs.
Compare Skilling, Advanced Global Markets, Nabtrade & TopForex below.
Reviewing The Skilling Mobile App
Note: Skilling's mobile app has many functions and is being constantly improved. The table below was accurate at the time of writing this Skilling review.
Understand the capabilities of the mobile apps of Skilling, Advanced Global Markets, Nabtrade & TopForex below.
Alternatives To Skilling
If, after studying this Skilling review, they don't meet your needs check out these Skilling alternatives.
We've scoured the web to find the best alternatives to Skilling. Click the links below to find out more.
Frequently Asked Questions about Skilling
Can I try Skilling before I buy?
Yes, you can most definitely try Skilling before you buy. Skilling offers demo accounts for the ease of new traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register to get a demo account on Skilling, you will set out with a decent amount of virtual currency. It is to establish a feeling of safety and confidence in you until you choose to spend your own money.
With this virtual Skillingdemo account, you can experiment at all, to whatever period you desire. You can also open positions, test different trading approaches, and more.
Skilling specifies on its official site which you can exchange real time stocks in a demo account.
Is Skilling safe?
You can drop all of your worries since we believe that Skilling is completely safe to use. It's in compliance with the principles of Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042.
Nevertheless, Skilling does not provide assured stop-loss protection.
Why does Skilling ask for my passport?
The reason that Skilling asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Skilling has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Skilling must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Skilling?
The process to start trading withSkilling is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Skilling website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Skilling is $100. You should have a good understanding of the details of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Skilling.
The best way to kickstart your trading career with Skilling is to open a demo account facility before risking any real money
What funding methods do Skilling accept?
There are multiple ways to finance your account with Skilling. The process is effortless and quick, with various payment methods in your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to keep in mind that PayPal is not available in every country. The currencies Skilling
Is my money safe with Skilling?
Yes, your cash is safe and secure with Skilling. As you already know, Skilling works with proper conformation to. It has established plenty of measures to protect all of its investors.
Skilling protects its clients' personal and sensitive data under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you wish to further safeguard your account, it is possible to enable Two-Step Verification as well. It takes an SMS affirmation that you get your account.
Is Skilling trading good?
Yes, trading via Skilling is a pleasant and decent experience indeed. It is an excellent and intuitive platform with useful features for your ease. In addition, you can also gain access to a vast selection of educational resources and assistive substance to kickstart your trading experience.
If you remain skeptical, it is possible to start a eToro demo account and evaluate the credibility of the platform for yourself.
Which Countries does Skilling support?
Skilling operates around the globe. However, due to regulations there are some countries that Skilling cannot accept clients resident in BR, KR, IR, IQ, SY, JP, US
Is Skilling legit?
Skilling is a legit company headquarted in Cyprus since 2016. They are regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042. Skilling is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Skilling a good broker?
Skilling is a great broker, and its users may vouch for this. The highlight of this platform is its fast order execution on transactions.
You'll find the clean design of this platform along with the commendable features a pleasure to work with.
Is Skilling a trustworthy broker?
Yes, Skilling is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 5,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Skilling?
The minimum deposit to open a live account with Skilling is $100
How long do Skilling withdrawals take?
Normally, withdrawal of money from Skilling is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Skilling to show in your bank account.
Are Skilling regulated?
Skilling are regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042
Is Skilling a market leading broker?
Skilling is currently one of the business leaders. It has over 5,000+ registered users and over 5 years of expertise on its own record. They're among the world's leading trading platforms and also a dominant figure in the Fintech revolution.
It simplifies this standing to its unbelievable platform and broad range of tools plus resources so you can invest in capital markets.
Is Skilling a con?
No, Skilling is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042 and must adhere to their rules. Thus, it is safe to say that Skilling is not a scam.
Can you make money with Skilling?
Through Skilling, many traders earn a lot of money. But typically, through consistent trading, you also can make between 2% - 10% profit a month.
This may seem like a little number, but within the year, this adds to a significant amount of gains. Even though Skilling provide you all the tools to earn money, they can't guarantee you will gain.
Does Skilling have fees?
Yes. To begin trading with Skilling, you need to deposit $100. Particular commissions while trading additionally apply. Any processing fees from your bank might have to be incurred by you.
When was Skilling founded?
Skilling was founded in 2016 in Cyprus. Skilling is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042.
How many people use Skilling?
Skilling is a worldwide recognised broker with 5,000+ clients.
Where is the Skilling head office?
Skilling has its head office in Cyprus
Does Skilling offer negative balance protection?
Yes, Skilling has Negative Balance Protection. It's specially offered when the industry volatility keeps clients from allowing their account go into the red. In such a scenario, Skilling provides the ability to reset a clients account balance to zero.
You are able to go through the critical stipulations on Skilling's site to understand their policies better.
Does Skilling offer guaranteed stop loss?Skilling regrettably, does not provide guaranteed stop loss. Skilling gives a chance for its dealers to close their trade at their specified price. Apart from that, Skilling does not provide guaranteed stop loss.
Does Skilling allow scalping?Yes, Skilling do permit scalping. Several traders throughout the world choose Skilling for their services that are trading. They offer trading on MT4, Web Trader, Tablet & Mobile apps which let this.
Does Skilling allow hedging?
Yes, Skilling does allow hedging.
Can you trade energies with Skilling?
No, unfortunately you cannot trade energy stock with Skilling
Can you trade agricultural shares with Skilling?
No, unfortunately you cannot trade agricultural stock with Skilling
Can you trade cryptocurrency with Skilling?
Yes, you can trade cryptocurrency with Skilling
Can you trade metals with Skilling?
No, unfortunately you cannot trade metals with Skilling
Can you trade UK Shares with Skilling?
No, unfortunately you cannot trade UK shares with Skilling
Can you trade US Shares with Skilling?
No, unfortunately you cannot trade US shares with Skilling
Can you trade Japanese Shares with Skilling?
No, unfortunately you cannot trade Japanese shares with Skilling
Can you trade German Shares with Skilling?
No, unfortunately you cannot trade German shares with Skilling
Does Skilling accept bank transfers?
Yes, Skilling accepts bank transfers for depositing money.
Does Skilling accept credit cards?
Yes, Skilling accepts credit cards for depositing money.
Does Skilling accept PayPal?
No, Skilling does not accept PayPal.
Does Skilling accept Skrill?
No, Skilling does not accept Skrill.
Does Skilling accept Payoneer?
Yes, Skilling accepts Payoneer for depositing money.
Does Skilling accept Neteller?
No, Skilling does not accept Neteller.
Does Skilling offer Live Chat customer support?
Yes, Skilling offers customer support through live chat.
Does Skilling offer phone customer support?
Yes, Skilling offers customer support over the telephone.
Does Skilling offer email customer support?
Yes, Skilling offers customer support through email.
What languages can Skilling communicate in?
Skilling has the ability to communicate and support customers who speak: English, and Chinese
Does Skilling have a wikipedia page?
No, Skilling does not have an official wikipedia page.
Does Skilling offer demo accounts?
Yes, Skilling offers virtual portfolio accounts so you can test your trading strategies before risking any real money. Newbie traders can open a demo account in order to better understand the aspects of Forex trading and test out some of the company’s features before signing up for a live account.