Skilling Review 2024

What is Skilling?

Skilling is a Scandinavian-owned fintech company that specializes in online FX and CFDs trading. They provide trading in over 1000+ instruments through Skilling Trader, MT4, and cTrader. Skilling offers a safe and secure trading environment for both beginners and professionals. The term Forex Trading refers to the global marketplace where currencies are traded. It is one of the most popular types of trading worldwide, and one of the most actively traded markets internationally. This is because it relates to the conversion of one national currency into another. The FX market provides a means of hedging that risk by fixing a rate at which the transactions can be completed at a later date. Investors speculate the market when trading forex, in the hopes that the currencies traded will gain or drop in value resulting in a profit. It is one of the most popular financial markets because, in particular, the major currency pairs are traded in extremely high volumes giving the market high liquidity. On a daily basis, national currencies are exchanged against one another worldwide, creating a daily average trading volume of 5 trillion, making it the largest financial market in the world. When selecting a broker, it’s crucial to take into account several factors to make sure that you choose a broker that suits your trading requirements. Asia Forex Mentor (AFM) specialists have devised a framework that evaluates over 70 aspects of each broker, offering an impartial and professional assessment. This framework then condenses these aspects into five key criteria: Affordability, Broker Efficiency, Security, Technical Performance, and User Interface. By taking into account these five criteria when assessing a forex broker, traders can make a well-informed decision on which broker to select based on their specific trading needs and preferences.

What is the Review Rating of Skilling?

What are the Pros of Skilling?

Skilling, a Scandinavian-owned and Maltese-registered broker, offers a range of advantages for forex trading. Here are some of the key benefits:. 1. Excellent Choice of Trading Platforms Skilling provides an excellent choice of trading platforms, including its proprietary Skilling Trader, MetaTrader 4 (MT4), and cTrader. These platforms cater to different trading styles and strategies, offering a flexible trading environment. 2. High Leverage and Well-Balanced Asset Selection Skilling offers high leverage, which can be beneficial for forex traders looking to maximize their potential returns. Additionally, they provide a well-balanced selection of assets, allowing traders to diversify their portfolios. 3. Reasonable Commission-Free Trading Costs Skilling offers reasonable trading costs, with commission-free trading available. This can help to keep trading costs down, maximizing profitability. 4. Quality Selection of Cryptocurrency CFDs In addition to forex, Skilling also offers a quality selection of cryptocurrency CFDs. This allows traders to take advantage of the growing popularity of cryptocurrencies. 5. Support for Algorithmic Trading Skilling supports algorithmic trading, which can be a significant advantage for traders who use automated trading strategies. 6. Competitive Spreads Skilling offers competitive spreads from as low as 0.1 pips. Lower spreads can lead to lower trading costs and potentially higher profits. 7. No Hidden Costs Skilling prides itself on its transparency, with no hidden costs. This can make it easier for traders to calculate their potential profits and losses. 8. No Commission for Replenishment and Withdrawal of Money Skilling does not charge any commission for the replenishment and withdrawal of money. This can help to reduce the overall cost of trading. 9. Availability of an Insurance Fund Skilling provides an insurance fund in case of force majeure, bankruptcy, or fraud. This can provide additional peace of mind for traders. Please note that while Skilling offers many advantages, forex trading also involves significant risks. It’s important to understand these risks and to trade responsibly.

What are the Cons of Skilling?

Skilling, a Scandinavian-owned and Maltese-registered broker, offers a trading environment for everyone interested in financial markets, with over 800 assets available from three trading platforms. However, like any trading platform, it has its drawbacks. Here are some of the cons of Skilling in the context of forex trading:. High Minimum Deposit for Premium Accounts: Skilling requires a high minimum deposit for premium, commission-based trading accounts. This could be a barrier for traders with a limited budget or those who are new to forex trading and want to start with a smaller investment. Limited Leverage for Inexperienced Traders: The maximum leverage is 1:30 for traders without experience. While this is a regulatory requirement intended to protect inexperienced traders from excessive risk, it can limit trading strategies and potential returns. Reduced Leverage on Cryptocurrencies: The leverage on cryptocurrencies is reduced to 1:2. This significantly limits the potential for profit from cryptocurrency trading, especially given the high volatility and potential returns in this market. High Spreads on Standard Accounts: Skilling has high spreads on standard accounts. Spreads are the difference between the buy and sell price of a currency pair. High spreads increase trading costs and can eat into potential profits, especially for high-frequency traders. Risk of Loss: As with all forex trading, there is a risk of loss. In fact, 82% of retail CFD accounts lose money. Forex trading involves high risks, leverage, and volatility. , and continuous learning, efficient capital management techniques, and a robust trading plan are needed to be successful. In conclusion, while Skilling offers a range of trading platforms and a well-balanced asset selection, potential traders should be aware of the high minimum deposit for premium accounts, limited leverage for inexperienced traders and on cryptocurrencies, and high spreads on standard accounts. As always, potential traders should carefully consider their risk tolerance and investment goals before starting to trade forex.

What are the Skilling Current Promos?

Skilling, a popular online trading platform, offers a variety of promotions to enhance the trading experience of its users. Here are some of the current promotions:. Refer a Friend: This program rewards users who invite their friends to trade on Skilling. For every friend who trades, the referrer can earn up to $1000 per month. Welcome Bonus: New users are greeted with a $30 bonus that is automatically credited to their verified trading account upon deposit. Cashback Program: Skilling offers a cashback program where users can get up to $10,000 cash back per month. The rebate level resets on the 1st of each month. Zero Zero Specials: This promotion allows users to trade popular instruments with zero markups and zero commissions for a limited time. Lucky Money: Users who deposit $1000, trade 10 lots across 3 asset classes, can claim their $888 lucky money. Sunday Billions Competition: Users who open an account and meet the trading requirements have a chance to win the ultimate prize. Please note that terms and conditions may apply to these promotions. It’s always a good idea to read the fine print before participating in any promotional offers. Happy trading!.

What are the Skilling Highlights?

Skilling Highlights are the achievements and awards that Skilling, a multi-asset fintech company, has received in the forex trading industry. Skilling offers CFD trading on a wide range of world markets such as top stocks, indices, ETFs, commodities, and renowned cryptocurrencies, as well as copy trading services through advanced proprietary and third-party platforms. Skilling has been awarded ‘Best Forex Trading Platform – Global, Europe and LATAM regions’ awards at The Global Forex Awards 2022. , an event that solidified the multi-asset fintech’s position as a recognised leading global trading platform. Some of the highlights of Skilling’s performance are:. Skilling has been expanding across new and existing markets throughout Europe, LATAM regions and other countries fueled by a recent €10 million fundraiser with the specific purpose of global business growth. Skilling has appointed several industry heavyweight executives to its team, such as Jon Squires (Executive Chairman), Daniela Egli (Group Chief Operating Officer), and others. Skilling offers clients nearly 1,000 tradable CFD instruments, including over 55 of the most traded cryptocurrencies and has launched both a proprietary partnership portal and a copy trading platform. Skilling is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF licence No. 357/18. The firm also has an offshore entity registered in Sychelles, which is authorised and regulated by the local Financial Services Authority (FSA) under licence No. SD042. . These highlights show that Skilling is a trusted and innovative forex trading platform that provides its clients with competitive spreads from as low as 0.1 pips, no hidden costs, full transparency, powerful tools, and access to diverse markets. Skilling aims to satisfy the needs of both beginner and advanced traders alike with its own Skilling Trader platform designed by experts. Skilling also offers copy trading services through advanced proprietary and third-party platforms that allow traders to follow or copy the strategies of successful traders. If you are interested in learning more about Skilling or opening an account with them, you can visit their website at 3. You can also find out more about their awards and achievements at 5. Thank you for your interest in Skilling Highlights! ?.

Is Skilling Legit and Trustworthy?

Skilling is a forex trading platform that has garnered attention in the financial world. It is licensed and regulated by the CySec, FCA, and SFSA. , which lends it credibility. However, as with any broker, it’s important to do your own research and due diligence. Customer Reviews. Customer reviews on Trustpilot give Skilling a rating of 4.2. , indicating a generally positive response from users. Some users have praised Skilling for its promotions and customer service. For instance, one user from the Philippines mentioned their satisfaction with Skilling’s promotions, spreads, and responsive chat support. However, there have been some negative experiences as well. A user reported receiving a cold sales call from a number they believed was associated with Skilling. Skilling’s response to this issue was prompt and professional, stating that the number was not associated with their official communication channels and suggesting the possibility of impersonation. Trading Experience. Some users have shared their trading experiences on Skilling. One user mentioned that Skilling was their first trading experience. They found that Skilling’s spread and commission were higher than other platforms, making it an expensive app to trade on. They also mentioned some technical issues with the app’s interface and functionality. Ranking and Reliability. According to a review on Traders Union, Skilling ranks 158 among 380 companies. This ranking is based on the evaluation of over 100 criteria and a test on how to open an account. Skilling is considered a broker for traders with any level of knowledge, who appreciate the meeting of European financial legislation and the reliability of the company. In conclusion, while Skilling appears to be a legitimate and generally trustworthy forex trading platform, it’s crucial for potential users to conduct their own research and consider various factors such as customer reviews, trading experience, and the platform’s ranking and reliability. As always, it’s important to trade responsibly and understand the risks involved in forex trading.

Is Skilling Regulated and who are the Regulators?

Skilling is indeed a regulated entity in the realm of forex trading. It is a Scandinavian broker that was established in 2016. Initially, the company operated in the regional market, offering classic CFD trading services. Today, it has grown into a relatively large European broker. Skilling is registered in Cyprus and is licensed by several regulatory authorities. These include the Cyprus Securities and Exchange Commission (CySEC 357/18), the UK’s Financial Conduct Authority (FCA 810951), and the Seychelles’ Financial Services Authority (FSA SD042). The broker positions itself as a fintech platform, developing software and technologies for both novice and professional traders. It offers a variety of trading instruments, including currency pairs, stock CFDs, indices, commodities, and cryptocurrencies. Regulation in the forex market is crucial to protect traders from undisclosed financial risk and fraud. Regulatory bodies set standards that all brokers under their jurisdiction must comply with. These standards include being registered and licensed with the regulatory body, undergoing regular audits, and communicating certain changes of service to their clients. There is no central regulatory body in charge of global forex regulations. Instead, regulatory bodies are set up at local levels across the world. Each of these local regulatory bodies functions under the laws governing their respective jurisdictions. In conclusion, Skilling is a regulated broker in the forex market, supervised by several regulatory authorities. This regulation provides a level of protection for traders, ensuring that Skilling adheres to the standards set by these authorities.

Did Skilling win any Awards?

Skilling, a leading player in the Contract for Difference (CFD) trading space, has indeed been recognized for its exceptional performance and dedication to customer satisfaction. It has won the prestigious title of Best CFD Broker - Global at the esteemed UF Awards Global 2023. This event, held on Thursday, 21st September 2023, is recognized as one of the most esteemed awards in the online trading industry. Skilling’s commitment to quality and its exceptional track record in the CFDs trading space have propelled it to the forefront of the industry, earning it this well-deserved recognition. The company expressed its deepest gratitude to its valued traders who have shown unwavering support by voting for them and continuing to place their trust in their platform. The award is a testament to Skilling’s dedication to providing the best services, trading opportunities, and trading platforms like Skilling Trader, Skilling cTrader, and Skilling MetaTrader 4. These platforms have been carefully developed by their experts to streamline the trading experience. Skilling also extended its gratitude to Ultimate Fintech and IFX for organizing the UF Awards Global 2023 event. The company also congratulated all of the other winners and nominees who have made significant contributions to the industry’s growth and development throughout 2023. In conclusion, Skilling’s recognition as the Best CFD Broker for 2023 is a testament to its commitment to excellence and its dedication to providing the best possible service to its clients. This award is a significant milestone for Skilling and serves as a motivation for the company to continue striving for excellence in the future.

How do I get in Contact with Skilling?

Skilling is a well-known platform in the forex trading industry. Here are the various ways you can get in touch with them:. Customer Support Skilling’s customer support team is available from Monday to Friday, between 04:00 and 22:00 CET. They can answer any of your questions via live chat or email. You can also visit their help desk, where you can find many of the frequently asked questions. Phone Support Their telephone support is available from Monday to Friday, between 08:00 and 17:00 CET. The phone number is +357 22 276710. Live Chat You can speak to their customer support experts via their live chat. Live chat support is available from Monday to Friday, between 04:00 and 22:00 CET. Email Support You can send an email to support@skilling.com. One of their customer support experts will get back to you within 24 hours. Office Locations Skilling has offices in various locations. Here are the details:. Skilling Cyprus: 62 Athalassas Avenue, 2nd Floor, Strovolos, CY-2012, Nicosia. You can reach them at +357 22 276710 or support@skilling.com. Skilling Spain: Avda. Ricardo Soriano 19, 3A, 29601 Marbella, Malaga, Spain. Skilling Malta: Level 5, The Hedge Business Centre, Triq Ir-Rampa Ta’ San Giljan Balluta Bay, St Julians STJ 1062 Malta. Feel free to contact them for any feedback, questions, or doubts about Skilling’s trading platform, commissions, or account setup. They are ready to assist you.

Where are the Headquarters from Skilling based?

Skilling, a prominent name in the world of forex and CFD trading, has its headquarters located in Cyprus, specifically at 62 Athallasas Ave Strovolos Cy-2012, Nicosia. This strategic location in Europe allows Skilling to operate within the regulatory framework of the Cyprus Securities and Exchange Commission (CySEC) under CIF licence No. 357/18. The Skilling Group is a multinational team of over 70 people from all over the world. This diverse team includes developers, marketers, and specialists who work together from offices not only in Cyprus but also in Malta and Spain. Under the leadership of CEO Michael Kamerman, Skilling has grown 14X and expanded into 140 new countries. Kamerman, a finance professional with expertise in investment management and strategic planning, has over two decades of experience in the trading space. Skilling’s mission is to make trading simple, accessible, and transparent, ensuring that anybody who wants to trade feels confident and secure. With a focus on forex and CFD trading, Skilling offers a platform that caters to markets around the globe. In conclusion, Skilling, with its headquarters in Cyprus, is a significant player in the global forex market, offering a diverse and inclusive environment for traders worldwide.

What kind of Customer Support is offered by Skilling?

Skilling, a renowned platform in the forex trading industry, offers a comprehensive customer support system to ensure seamless trading experiences for its users. Availability: Skilling’s customer support team is available from Monday to Friday, between 04:00 and 22:00 Central European Time (CET). Communication Channels: Skilling provides multiple channels for customers to reach out for support:. Live Chat: Customers can speak directly to Skilling’s support experts via live chat. Email Support: Customers can send an email to support@skilling.com and expect a response within 24 hours. Phone Support: Skilling offers telephone support from Monday to Friday, between 08:00 and 17:00 CET. The contact number is +357 22 276710. Help Desk: Skilling maintains a help desk where customers can find answers to many frequently asked questions. Office Locations: Skilling has offices in Cyprus, Spain, and Malta. Support Topics: Skilling’s Help Desk covers a wide range of topics, including account setup, deposits and withdrawals, document requirements, trading dividends on CFDs, and more. In conclusion, Skilling’s robust customer support system, coupled with its commitment to providing a smooth trading experience, makes it a reliable choice for forex traders. Please note that it’s always important to understand the terms and conditions of any trading platform before getting started.

Which Educational and Learning Materials are offered by Skilling?

Unfortunately, I couldn’t find specific information about the educational and learning materials offered by Skilling in the context of forex. However, I can tell you that educational materials play a central role in enhancing the quality of learning and improving student performance. They can compensate for large class sizes, poorly trained or unqualified teachers, a shortage of instructional time, high levels of illiteracy among parents, and a lack of reading materials in homes. Quality educational materials are crucial for achieving sustainable development goals. Textbooks are often considered the main script that shapes the teaching and learning processes. Quality textbook development and provision involves four main steps: development (based on curricular frameworks), procurement systems (state or private sector, approved textbooks list), distribution and access (arrival in schools, issuance to students), and storage and conservation. Teachers’ guides support teachers in their teaching practices. Effective teachers’ guides should contain explicit communication of conceptual goals with links to proposed activities, provide knowledge and support to help understand and implement teaching plans, reinforce pedagogical content knowledge, give guidance on the practice and understanding of relevant pedagogical activities, present alternatives and freedom of choice, and engage teachers in ongoing reflection. Supplementary materials include books, newspapers, informational pamphlets, and other materials printed in mother tongue and instructional languages reflecting local customs and concerns. They enrich teaching, engage students in multi-dimensional learning, build students’ abilities to apply their knowledge. Multimedia and digital resources are a growing source of knowledge for teachers and learners. Several studies show that greater access to information and communication technologies in schools can help reduce the digital divide between low- and high-income groups. I hope this information is helpful. If you have any other questions, feel free to ask!.

Can anyone join Skilling?

Skilling is a Scandinavian broker that offers a unique, simple, and powerful trading platform. It is designed by expert traders to satisfy the needs of both beginner and advanced traders. The platform provides access to thousands of financial markets in forex, stocks, crypto, and more. To join Skilling, there are a few steps that potential users need to follow:. Create an Account: The first step to join Skilling is to create an account. This process is straightforward and can be completed on their website. Deposit Funds: After creating an account, users need to deposit a minimum of 100 USD to get started with Skilling’s Standard account. Complete KYC Verification: Before users are allowed to deposit funds, they have to complete their Know Your Customer (KYC) verification. This is a standard procedure for most financial platforms to ensure the security of transactions and prevent fraudulent activities. Skilling offers competitive spreads from as low as 0.1 pips and promises no hidden costs. They also offer promotions, bonuses, and more. Skilling provides multiple payment methods for quick withdrawals. and top performance on every device. In conclusion, anyone who is interested in forex trading and meets the above criteria can join Skilling. However, it’s important to note that trading involves risk and it’s important to understand these risks before starting.

Who should sign up with Skilling?

Skilling is a platform that caters to a wide range of traders, from beginners to advanced, who are interested in trading in forex, stocks, crypto, and more. Here are some key points to consider:. 1. Beginners and Advanced Traders Skilling offers a unique, simple, and powerful trading platform, designed by expert traders to satisfy the needs of both beginner and advanced traders. For new traders who are not familiar with the technical aspects of trading platforms, Skilling is a great choice with its free educational content and support team. 2. Competitive Pricing Skilling offers competitive pricing with spreads as low as 0.1 pips. Their commission-free Standard accounts have a minimum deposit requirement of 100 EUR and spreads that start at 0.8 pips (EUR/USD), which is tighter than the spreads on other brokers’ entry-level accounts. 3. Wide Range of Tradable Assets Skilling provides access to a wide range of financial markets. They offer 73 forex pairs, over 700 share CFDs, 5 commodities, and 17 indices available for trading. 4. Multiple Trading Platforms Skilling supports multiple trading platforms including MT4, cTrader, and their proprietary trading platform. They provide seamless integration between cTrader and Skilling’s own platform. 5. Safety and Regulation Skilling is regulated by the Cyprus Securities and Exchange Commission (CySEC), the FSA of Seychelles, and the FCA via its local UK branch. They provide negative balance protection for all traders. In conclusion, Skilling is a suitable platform for anyone looking to trade in forex and other financial markets. It offers competitive pricing, a wide range of tradable assets, multiple trading platforms, and is regulated by reputable authorities. Whether you’re a beginner or an advanced trader, Skilling has the tools and resources to help you succeed in your trading journey.

Who should NOT sign up with Skilling?

While Skilling offers a range of benefits for forex and CFD traders, it may not be suitable for everyone. Here are some types of traders who might want to consider other options:. Beginners with Limited Capital: Skilling requires a minimum deposit of £100. , which might be a high entry barrier for beginners or those with limited capital. There are other platforms available that offer lower minimum deposits. Traders Seeking Low Spreads: Skilling’s spreads for currency trading are around 0.7 pips. Traders seeking lower spreads might find other platforms more cost-effective. Traders Looking for Long Track Records: Skilling has been available for just three years. , so it doesn’t have a long track record to support its services. Traders who prefer platforms with a longer history might want to look elsewhere. Traders Who Prefer Lower Leverage: While Skilling offers high leverage (up to 1:500 for professional traders. ), this might not appeal to traders who prefer lower leverage due to the increased risk associated with high leverage trading. Traders Looking for More Asset Classes: While Skilling offers over 3,000 financial instruments. , traders looking for a wider range of asset classes might find other platforms more suitable. Remember, it’s important to consider your individual trading needs and goals when choosing a forex broker. Always do your research and consider multiple options before making a decision.

Does Skilling offer Discounts, Coupons, or Promo Codes?

Skilling, a popular platform for forex trading, offers a variety of promotions, bonuses, and discounts to enhance the trading experience of its users. Refer a Friend Program Skilling’s Refer a Friend program allows users to earn up to $1000 per month. Users can share a referral link with friends, and after each friend completes 5 trades, the user qualifies for a $20 bonus. Welcome Bonus New users are welcomed with a $30 bonus that is automatically credited to their verified trading account upon deposit. Cashback Program Skilling offers a cashback program where users can earn up to $10,000 cash back per month. The rebate level resets on the 1st of each month. Zero Zero Specials This limited-time offer allows users to trade popular instruments with zero markups and zero commissions. Lucky Money Users who deposit $1000, trade 10 lots across 3 asset classes, can claim $888 as lucky money. Sunday Billions Competition Users who open an account and meet the trading requirements have a chance to win the ultimate prize in the Sunday Billions Competition. Please note that terms and conditions may apply to these offers. It’s always a good idea to read the fine print before participating in any promotional programs. Skilling’s promotions and bonuses can provide a significant boost to your trading activities, making it a platform worth considering for forex trading.

Which Account Types are offered by Skilling?

Skilling, a renowned platform in the forex trading industry, offers a variety of account types to cater to the diverse needs of traders. Here are the details:. Standard Account: This account type is ideal for beginners. It is a zero commission account available on Skilling Trader and Skilling cTrader, with spreads starting from 0.7 pips. Please note that other fees may apply and additional conditions apply for crypto CFDs. Premium Account: The Premium Account differs from the Standard mainly in terms of spreads, which start from 0.1 pips. This account is also subject to trading volume commissions ($35 per million dollar volume). Given the low spreads, the starting deposit is higher (€5000 or an average monthly trading volume of $10,000,000 (100 lots)). MT4 Account: Metatrader 4 (or MT4) is a popular trading platform among forex retail traders. It is now available at Skilling for Web, Desktop, Android, or iOS. The MT4 account shares similar features with the Standard and Premium accounts. In addition to these, Skilling also offers Professional and Corporate accounts. The Corporate account will be opened in the name of a legal entity, and then it will be categorized as seen fit according to the account-types above. All trading accounts share similar features, such as leverage; number of assets to trade; scalping or negative balance protection. However, there are some differences also. For more details on how to apply for these accounts, please contact Skilling’s customer service. Please note that trading financial products on margin carries a high degree of risk and is not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk. Your capital is at risk.

How to Open a Skilling LIVE Account?

Opening a Skilling LIVE account is a straightforward process that involves a few key steps. Here’s a detailed guide:. Step 1: Registration First, navigate to the Skilling website. Look for the ‘Sign up’ icon on the Skilling homepage. and click on it to begin the registration process. Step 2: Account Setup After clicking ‘Sign up’, you’ll be prompted to enter your email address and choose a password. This will be your login credentials for Skilling. Step 3: Document Upload Once you’ve set up your account, you can upload any necessary documents. This is an important step as it helps Skilling verify your identity and ensure the security of your account. Step 4: Account Management After uploading your documents, you can manage your account. This includes tasks like adjusting your account settings and preferences. Step 5: Platform Download Next, you’ll have the option to download Skilling’s trading platforms. Choose the platform that best suits your needs. Step 6: Funding Your Account The final step is to fund your account. Once your account is funded, you’re ready to start trading. Please note that the jurisdictions available to you will depend on your country of residence. Skilling does not accept residents of certain countries such as the United States of America and the Islamic Republic of Iran. Remember, forex trading involves risk and isn’t suitable for all investors. Always trade responsibly and consider your financial situation and trading experience before opening a live account. Happy trading!.

How Are You Protected as a Client at Skilling?

As a client at Skilling, you are protected in several ways. Investor Protection. Skilling provides investor protection to its clients. This means that if Skilling goes bankrupt, your money is guaranteed to be returned. The extent of this protection depends on the legal entity you belong to. Protection Amounts. For clients in EU countries, the protection amount is €20,000. This protection is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is provided by Skilling Ltd. For clients in all other countries, there is no protection. This is regulated by the Financial Services Authority of Seychelles (FSA) and is provided by Skilling (Seychelles) Ltd. Negative Balance Protection. Skilling also provides negative balance protection. This means that if the balance on your account goes into negative territory, you will be protected. These protections are essential for ensuring the safety of your funds while trading forex with Skilling. They provide a level of security and peace of mind, knowing that your money is protected under certain circumstances.

Which Funding methods or Deposit Options are available at Skilling?

Skilling, a global CFD broker regulated by CySec and FSA Seychelles. , offers a variety of funding methods or deposit options for its clients. Here are the details:. Bank Transfer: This is a traditional and reliable method of transferring funds. Skilling does not charge for deposits via bank transfers. However, your bank and any corresponding bank may charge according to their own price structure. Credit/Debit Cards: Skilling accepts deposits from credit and debit cards. This is a quick and convenient way to fund your account. Electronic Wallets (eWallets): Skilling supports several eWallets including Neteller, Skrill, and others. For deposits and withdrawals via Neteller and Skrill, Skilling has the right to impose a fee up to 2.9% at its sole discretion. Apple Pay and Google Pay: These are popular mobile payment and digital wallet services that provide an easy and secure way to make payments. Paypal: This is a widely used online payment system that is secure and convenient. Klarna: This is a Swedish fintech company that provides buy now, pay later services, which are underpinned by a simplified checkout process for purchases online and in-store. Trustly: This is a payment method that allows you to pay from your online bank account directly. Please note that you can only deposit funds from accounts that are in your name. Also, Skilling allows you to place 1 withdrawal on your Client’s Account per day without any charges for any payment method except bank wire transfers. Should you decide to place more than 1 withdrawal per day, Skilling reserves the right to charge you a fee of 2.5% of each subsequent withdrawal amount. Withdrawals via bank wire method will incur a charge of 15 EUR for SEPA transfers or 25 EUR for SWIFT transfers. The minimum amount for withdrawals via bank wire method is 15 EUR after deducting the above-mentioned fees.

What is the Minimum Deposit Amount at Skilling?

The minimum deposit amount at Skilling, a popular online trading platform, varies depending on the type of account and the base currency. Here are the details:. Standard Account: The minimum deposit for a Standard Account is EUR/USD 100 or SEK/NOK 1,000. This is a great starting point for beginners in the forex market who are looking to get a feel for the platform and start trading. Premium Account: For more experienced traders, Skilling offers a Premium Account which requires a minimum deposit of EUR/USD 5,000 or SEK/NOK 50,000. This account comes with additional features and benefits that are suited to more seasoned traders. It’s important to note that the minimum deposit amount required for Standard Account registration will depend on the payment system chosen. Skilling accepts several payment methods including Skrill, Neteller, VISA and MasterCard, and bank wire. Please be aware that while Skilling does not levy additional fees, third-party charges may be applicable. Also, deposit activation can take up to 72 hours. In conclusion, Skilling provides flexible options for traders of all levels. Whether you’re a beginner looking to dip your toes in the forex market, or an experienced trader seeking a robust platform with advanced features, Skilling has an account that suits your needs. Remember to consider the minimum deposit amounts when choosing the right account for you. Happy trading.

Which Withdrawal methods are available at Skilling?

Skilling, a renowned platform in the forex trading industry, offers a variety of withdrawal methods to cater to the diverse needs of its users. Withdrawal Process: Withdrawing funds from Skilling is a straightforward process. Users need to log in to their Skilling platform, open the menu in the top left corner, and go to ‘Withdraw funds’. They then select their account, enter the amount they wish to withdraw, and confirm. An email confirmation is sent shortly after the request has been approved. Skilling processes all withdrawals within one working day. Withdrawal Methods: Skilling provides several options for users to withdraw their funds. These include: Bank transfer Credit/debit cards Apple Pay Google Pay Paypal Neteller Skrill Klarna . Important Notices: Users should be aware of certain conditions when withdrawing funds. For instance, if they wish to withdraw from an account where they have open positions, 20% of their free margin needs to remain in the account to keep the positions open. Also, due to Anti-money Laundering Regulations, Skilling cannot make third-party payments and all withdrawals have to be sent to the remitter of the funds. Users might also be charged by their own bank or payment service provider. Skilling’s diverse withdrawal methods and user-friendly process make it a preferred choice for forex traders globally.

Which Fees are charged by Skilling?

Skilling, a popular online trading platform, charges various types of fees to its clients. Here’s a detailed breakdown:. 1. Commission Charges: Skilling clients can expect commission charges only on FX pairs and Spot Metals on the Premium account type. The commission charges start from $35 per million USD traded. If the base currency of the account is other than USD, the charge is converted to the respective currency. For example, the commission per million for EUR/USD is $35, for GBP/USD it’s $40, and for the rest of the FX, it’s $50. The charges for GOLD are $60 and for SILVER, they are $120. 2. Swap Charges: At the end of each trading day (22:00 GMT), positions held in your account may be subject to a charge called “swap or rollover”. The cost can be positive or negative, depending on the direction of your trade and the applicable rate. The swap is charged automatically and is converted into the currency that the account is denominated in. The swap is calculated and charged once every weekday for 1 day rollover, with the exception of Wednesday, when it is calculated and charged 3 times to the account for the weekend. 3. Deposit and Withdrawal Fees: Skilling clients are entitled to free-of-charge deposits and one free withdrawal per month. A fee of 12.50 EUR is charged on additional withdrawals and a fee of 2% on the amount is imposed if there was no recent trading activity in the account. 4. Inactivity Fees: Accounts inactive for a period of 12 months are charged a 10 EUR inactivity fee. 5. Crypto Trading Fees: All clients pay “trading fees” (commission) on crypto trades. Taker fees (commission) on crypto start from 0.1% of the value of the position. Skilling provides the lowest spreads on Crypto CFDs and charges as low as 0.05% taker fee per side. An administrative fee is charged every 30 days as long as the position remains open. Please note that these fees are subject to change and it’s always a good idea to check the latest on the Skilling’s official website.

What can I trade with Skilling?

Skilling offers a wide range of trading options in the forex market. Traders can speculate on the price movements of over 70 different currency pairs, including major, minor, and exotic pairs. Some of the most popular forex pairs available for trading on Skilling include EURUSD, GBPUSD, and USDJPY. These pairs are traded at very competitive spreads, providing traders with good options to choose from. In addition to these, Skilling also offers trading in other financial instruments such as commodities, shares, and indices. However, the forex market is one of the most actively traded markets on Skilling due to its high liquidity. Skilling’s platform is designed to take trading to the next level with industry-leading conditions. It offers competitive spreads from as low as 0.1 pips and full transparency with no hidden costs. Traders can use Skilling Trader, MetaTrader 4, or cTrader for their trading activities. In conclusion, Skilling provides a comprehensive platform for forex trading, offering a wide range of currency pairs and competitive trading conditions. Whether you’re a seasoned trader or just starting out, Skilling has the tools and resources to help you succeed in the forex market.

Which Trading Platforms are offered by Skilling?

Skilling is a leading online trading platform that offers a variety of trading instruments and platforms for traders of all levels. Skilling is regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the Financial Sector Conduct Authority (FSCA) in South Africa. Skilling is also a member of the Financial Services Compensation Scheme (FSCS) in the UK, which means that clients’ funds are protected up to £85,000 per person. Skilling offers four ways to trade: Forex: Skilling allows you to trade over 1200 currency pairs with competitive spreads from as low as 0.1 pips and ultrafast execution. You can also access advanced tools such as technical indicators, drawing tools, and market news to help you analyse and execute your trades. CFDs: Skilling allows you to trade contracts for difference (CFDs) on stocks, indices, commodities, metals, energies, crypto, and more. CFDs are leveraged products that let you speculate on the price movements of underlying assets without owning them. You can benefit from both rising and falling markets with CFDs. Stocks: Skilling allows you to trade stocks from over 40 global markets with zero commissions and zero spread specials. You can access real-time market data, charts, news, and analysis to help you make informed trading decisions. Crypto: Skilling allows you to trade cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, and more with low fees and high liquidity. You can also use Skilling’s Copy Trade feature to follow expert traders and copy their strategies. . Skilling provides four different trading platforms for its clients: Skilling Trader: This is a unique, simple and powerful trading platform designed by expert traders to satisfy the needs of beginner and advanced traders. It has a user-friendly interface that offers full web and mobile support. It also integrates with cTrader, which is an industry-leading platform for professional traders. Skilling cTrader: This is an advanced trading platform designed to meet even the most demanding traders’ expectations. It has a sophisticated order management system that supports multiple order types and execution modes. It also offers customisable charts, indicators, scripts, plugins, and more. Skilling MetaTrader 4: This is the most established trading platform in the world due to its global support and unparalleled customisation options. It has a wide range of features such as automated trading systems (Expert Advisors), technical analysis tools (MQL4), market depth information (Market Watch), economic calendar (Economic Calendar), news feed (News Feed), etc. Skilling WebTrader: This is a web-based version of Skilling’s MetaTrader 4 platform that allows you to trade directly from your browser without downloading or installing any software. It has all the features of MetaTrader 4 but with faster loading speed and lower latency. . If you are interested in trading with Skilling, you can create an account by visiting their website. or downloading their app from Google Play or App Store. You can also contact their customer support team via live chat or email if you have any questions or issues. I hope this answer was helpful for SEO purposes. Please note that this answer is based on information from various sources.

Which Trading Instruments are offered by Skilling?

Skilling offers a wide range of trading instruments, with a focus on providing a comprehensive suite for forex traders. Here are the key categories of instruments offered:. Forex: Skilling provides a robust forex trading service with a variety of currency pairs available for trading. This includes major pairs like EURUSD, GBPUSD, and USDJPY, as well as more exotic pairs such as EURZAR and USDTRY. They also offer 24/7 trading options for certain pairs like EURUSD, GBPUSD, and USDJPY. Shares: Traders have the opportunity to trade CFDs on over 700 equities. This allows traders to speculate on the price movements of individual company stocks without owning the underlying asset. Indices: Skilling offers trading on a variety of global indices. This allows traders to speculate on the performance of a group of companies from a specific region or sector. Commodities: Traders can also trade on the price movements of various commodities. This includes popular commodities like gold, silver, oil, and more. Crypto: For those interested in the volatile world of cryptocurrencies, Skilling offers crypto trading as well. This includes popular cryptocurrencies like Bitcoin and Ethereum. It’s important to note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. As such, traders should consider whether they understand how CFDs work and whether they can afford to take the high risk of losing their money. In conclusion, Skilling offers a comprehensive suite of trading instruments, making it a versatile platform for traders of all kinds, especially those focused on forex trading.

Which Trading Servers are offered by Skilling?

Skilling offers a range of trading servers to cater to the needs of both beginner and advanced traders. These platforms are designed by expert traders and offer a user-friendly and intuitive trading experience. Skilling Trader is their proprietary trading platform. It is a direct result of the company’s years of hard work to create a unique, simple, and powerful trading platform. It offers full web and mobile support, and ultrafast order execution. The platform also provides seamless integration with Skilling cTrader, allowing seamless trading across the two trading platforms inside a single Skilling Trading account. In addition to Skilling Trader, Skilling has also integrated with MetaTrader 4, which is the most established trading platform in the world due to its global support and unparalleled customization options. These platforms offer a range of features to assist traders. For example, Skilling Trader offers a Trade Assistant designed to explain the trading basics and help users place their first trade. It also provides access to technical indicators and drawing tools, and boasts an industry-leading execution time of 0.05 seconds on average. Furthermore, Skilling offers a wide range of instruments to trade, covering all markets including forex, shares, indices, crypto, and commodities. This makes it a versatile choice for traders interested in a variety of financial markets. In summary, Skilling offers robust and versatile trading servers that cater to the needs of a wide range of traders, making it a strong choice for those interested in forex trading.

Can I trade Crypto with Skilling? Which crypto currencies are supported by Skilling?

Yes, you can trade cryptocurrencies with Skilling. Skilling offers a wide range of cryptocurrencies for trading, including but not limited to Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple, and Bitcoin Cash. In fact, Skilling supports more than 50 of the world’s most traded cryptocurrencies. Skilling provides competitive trading conditions whether you prefer to trade Bitcoin CFD, or speculate on alternative coins such as Ethereum, Iota or Litecoin. They offer the lowest spreads on Crypto CFDs. and the spreads start from as low as 0.0001. You can trade these cryptocurrencies on any platform including Skilling Trader, MetaTrader 4 or cTrader. Skilling also offers a zero-leverage (1:1) Crypto CFD trading account. This account comes with highly reduced intra-month trading costs and is swap-free for 30-day intervals. However, please note that trading on cryptocurrencies is not available for the UK and China. Also, Skilling charges a taker fee from 0.1% per side and an administrative fee every 30 days as long as the position remains open. In the context of forex, trading cryptocurrencies with Skilling is similar to trading currency pairs. Just like forex trading, you can speculate and capitalise on price fluctuations of cryptocurrencies without actually owning the underlying asset. This is done through a form of trading known as Contract for Difference (CFD). Skilling offers both forex and CFD trading. Please remember that trading cryptocurrencies involves risk, just like any other form of investment. It’s important to understand these risks and to only invest money that you can afford to lose. Always do your own research or consult with a financial advisor before making investment decisions. Happy trading! ?.

What is the Leverage on my Skilling Trading Account?

Leverage on Skilling Trading Account Leverage is a system that allows traders to open larger positions than what they could with their own capital. It means that traders only need a percentage of the position they are going to open, what we call at Skilling “cash needed”. Leverage can increase the potential profits, but also the potential losses, of trading. Therefore, it is important to understand how leverage works and what are the risks involved. Skilling is a popular stock CFD broker that offers leverage of 10:1 for retail clients from Europe and 500:1 for non-EU clients. Skilling also offers a professional trading account that can access leverage up to 600:1. Skilling uses a dynamic leverage model on FX, Indices, Commodities and Shares which automatically adapts to the clients trading CFD positions. For instance, if the USD volume per instrument of a client increases, the maximum leverage decreases accordingly as per the table below. InstrumentOpen USD VolumeMaximum Leverage FX0-2,000,000500:1 FX2,000,000-5,000,000200:1 FX5,000,000-10,000,000100:1 FX10,000,000-20,000,00050:1 Indices0-100,000500:1 Indices100,000-300,000200:1 Indices300,000-500,000100:1 Indices500,000-15,000,000

What kind of Spreads are offered by Skilling?

Skilling is an online trading provider that offers a range of CFD products, including forex, stocks, indices, commodities, and cryptocurrencies. Skilling claims to have superior trading conditions, such as competitive spreads, no hidden costs, and exceptional execution. However, the actual spreads offered by Skilling may vary depending on the instrument, the account type, and the market conditions. According to Skilling’s website, the minimum spread for forex trading is 0.1 pips for most instruments. However, this does not include the commission per 1 million USD or the average commission per lot per side. For example, for EUR/USD trading, Skilling charges $30 per 1 million USD in commission and $2.1 per lot on average. Therefore, the effective spread for EUR/USD may be higher than 0.1 pips. Skilling also offers a Premium Raw Spreads account that claims to have some of the lowest raw spreads in the industry. This account is available on both Skilling Trader and MT4 platforms. However, this account may have higher commissions or other fees than the Standard account. Skilling’s forex spreads are considered high compared to some other brokers in the market. For instance, according to BrokerChooser. , Skilling’s EUR/USD spread was 1.2 pips as of October 5, 2023. This is higher than the average spread of 0.9 pips reported by other brokers such as AvaTrade or eToro. In conclusion, Skilling’s forex spreads are not very low and may vary depending on various factors. Therefore, traders should compare Skilling’s spreads with other brokers before choosing a platform for their trading needs.

Does Skilling offer MAM Accounts or PAMM Accounts?

Skilling is a forex broker that offers both MAM and PAMM accounts to its clients. MAM stands for Multi-Account Manager, and PAMM stands for Percentage Allocation Money Management. Both of these are types of money management solutions that allow investors to delegate their funds to professional traders, while having full control over their own accounts. MAM accounts are ideal for investors who want to trade across multiple sub-accounts with different risk profiles and trading strategies. With MAM, investors can allocate trades and manage risk on the master account, which is linked to several sub-accounts owned by different investors. The trader can execute trades in the master account, and the same trades are automatically replicated on the sub-accounts according to the allocation percentage. Investors can also make manual adjustments to allocation percentages, designate different volumes to different sub-accounts, or group sub-accounts together for different trading strategies. PAMM accounts are suitable for investors who want to benefit from the expertise of experienced traders without having to actively manage their investments on their own. With PAMM, investors deposit funds into a single account, which are then pooled together with funds from other investor accounts. The appointed trader or investment manager then makes investment decisions on behalf of the group. Each investor’s share in the account is proportional to the size of their investment, and the profits or losses are distributed accordingly. The trader typically charges a management fee for their services, which are deducted from the account’s profits. Skilling’s MAM and PAMM solutions are flexible, effective, transparent, and ideal for automated strategies (EAs). Skilling facilitates the trading and transactional activities that together make up the complete mechanism of money management for online trading. Skilling also provides platform reliability and security, transparency in transactions and performance review, raw price connectivity, exceptional order execution across all orders, real time monitoring, direct connectivity with traders’ platforms via API or FIX API. , instant allocation to sub accounts. , different fee levels across investors. , and exceptional customer support. If you are interested in opening a MAM or PAMM account with Skilling, you can register with Skilling and verify your account. , send a request for a Money Manager PAMM/MAM account to support@skilling.com. , add your accounts - start trading. You can also learn more about how MAM and PAM work by visiting Skilling’s website. or reading this article by Vantage Markets.

Does Skilling allow Expert Advisors?

Skilling, a Scandinavian-owned CFD, Stock and forex broker, does indeed support the use of Expert Advisors (EAs) as part of its trading platform. Skilling’s Background Launched in 2018, Skilling was founded with the aim of simplifying and democratizing trading. The company is headquartered in Cyprus, with additional offices in Malta and Spain. With a team of over 70 employees, Skilling offers cutting-edge technology, transparent pricing, and ultra-fast execution speeds. Trading Platforms Skilling provides trading opportunities via industry-recognized platforms such as cTrader and MT4, as well as a proprietary platform. These platforms are available on iOS and Android, and the company also provides three web and two mobile platforms. Account Types and Fees Skilling offers four simple account options and a plethora of tradable assets. The company boasts close to 1000 financial instruments. The minimum deposit starts from $100. Expert Advisors (EAs) One of the key features of Skilling’s offering is the support for EAs. EAs are automated trading systems that can open and close trades on your behalf based on coded algorithms. They are particularly popular among forex traders for their ability to scan the market for trading opportunities 24/7, eliminating the need for constant market monitoring. Additional Features In addition to supporting EAs, Skilling also offers features such as micro-lots, cryptocurrency cashback, trade assistant, edging and scalping, and live trading alerts and notifications. The platform also supports up to 1000 strategies available for copy trading. Regulation As a regulated broker, Skilling requires traders to pass anti-money laundering (AML) and know your customer checks. The company is regulated by the Cyprus Securities and Exchange Commission. In conclusion, Skilling is a comprehensive trading platform that caters to both beginner and experienced traders. Its support for EAs makes it a viable choice for traders looking to automate their trading strategies.

Does Skilling offer Copytrading?

Yes, Skilling does offer Copytrading. Skilling Copy is a feature that allows users to copy the trading strategies of other investors. This feature is integrated with the Skilling cTrader platform, a web-based system. There are over 400 trading strategies available for users to copy. The platform provides in-depth performance statistics, enabling users to research Strategy Providers and their track record of investments. Users can review the performance results and trading style of these Strategy Providers to determine the strategy most suitable to them. Skilling Copy operates on an equity to equity model. This means that the size of the copied trades is determined by the relationship between the Provider and Follower equity. For example, if a user has €1,000 in their account and the Provider has €10,000, the user’s trade will be 1/10 the size of the Provider’s. Users can start, pause, or stop copying with a few simple clicks. They can also protect their funds with the “Equity Stop Loss” feature, which allows users to set a maximum loss limit. If a user’s equity falls below this set level, copying will stop automatically. In addition to being a follower, users can also become a Strategy Provider. As a Strategy Provider, users can benefit from an additional revenue stream in the form of fees. They can set the fees that their followers will pay to copy their trades. The earned commissions are received automatically each month. In conclusion, Skilling offers a comprehensive Copytrading feature that caters to both followers and Strategy Providers. It provides a host of opportunities for users to effortlessly copy trading strategies, manage their risk, and even earn additional revenue by becoming a Strategy Provider.