Skilling Review

Alyaziah Hayat | March 24, 2022

Skilling is a regulated 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 along with the powerful and professional cTrader platform. They also have the widely used MetaTrader 4 platform available. The broker offers a variety of account types with a minimum required deposits of 100 Euro and competitive spreads starting from 0.1 pips.

Broker Pros / Cons
  • Regulated trading broker
  • Intuitive & powerful trading platforms
  • Multiple account types & funding options
  • Over 800 financial instruments
  • Limited educational resources
  • Not the lowest spreads
  • No US clients

Summary

Headquartered in Cyprus, Skilling is a Scandinavian-owned online trading broker that aims to make trading simple and accessible to everyone in a transparent and secure environment. The broker provides traders with multiple sophisticated trading platforms – Skilling Trader and cTrader – for trading 800+ instruments across multiple markets, including forex, shares, indices, commodities, and cryptocurrencies.

Skilling Broker Features

Skilling Broker Features

The broker offers rapid order execution speeds (within 0.05 seconds) and competitive spreads that start from just 0.1 pips. Clients have a choice of multiple account types with a required minimum deposit of 100 Euro, and there are no hidden charges, with all charges clearly displayed in your account currency.

Skilling Broker Advantages

Skilling Broker Advantages

Regulation

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 (FSA). Skilling Ltd is authorized to operate via its UK Branch by the Financial Conduct Authority (FCA), under Reference Number (FRN) 810951.

Skilling allows traders from different parts of the world to open an account with them if their countries of residence permit online trading with international brokers. The broker does not accept US clients.

Platforms

Skilling provides traders with a variety of intuitive and powerful trading platforms for trading the various offered instruments. The trading platforms include their proprietary Skilling Trader and the sophisticated cTrader/MetaTrader 4 trading platforms.

Skilling Trader

This is the broker’s proprietary trading platform. It is a user-friendly and intuitive trading platform with multiple chart display options, offering access to trade over 800 financial instruments with ultra-fast order executions (within 0.05 seconds).

Skilling Skilling Trader Platform

Skilling Skilling Trader Platform

The Skilling Trader platform includes an economic calendar that keeps traders up to date on the latest events in the global markets and their expected impact. It also has multiple indicators and drawing tools that enable traders to keep track of their trades, price movements, and important market moments.

Other unique features of the Skilling Trade platform are the Skilling Trade Assistant and the Skilling Academy: they are designed for improving the overall trading experience of both novice and experienced traders. The Skilling Trade platform offers full web and mobile support, hence clients can trade on multiple platforms, such as desktop, web, and the Skilling mobile trading app.

Skilling Mobile Trading App

Skilling Mobile Trading App

Skilling cTrader

The cTrader platform is a more expansive trading platform that is geared towards professional retail traders and institutional clients that are looking for a versatile trading solution. cTrader is an intuitive and easy-to-use platform with advanced order capabilities and customization features. Designed by traders for traders, the platform features a user-friendly interface that can be customized with different preset and detachable charts. It also allows you to fill orders with advanced cTrader features.

cTrader makes it possible for traders to write their own script by letting them code in C#. Clients can easily access all cTrader features from any popular web browser, such as Chrome, Safari, Firefox, and Edge, and trade on any device without any download required. They can also download the cTrader app on their iOS or Android devices from the respective app stores.

Skilling cTrader Platform

Skilling cTrader Platform

The Skilling cTrader platform has the following features:

  • Real time price quotes
  • Full market depth
  • Detailed trade analysis
  • Large range of indicators
  • Multiple charts view
  • Advanced order protection
  • Trailing stop loss
  • Algo trading
  • Ability to create price alerts

Skilling MetaTrader 4

The broker also offers the Forex & CFD trading platform that established itself as one of the industry standards for many years, MetaTrader 4. The trading platform is packed with an extensive selection of indicators, charting tools and customisation options. Some of the key MetaTrader 4 features include:

  • Real time price quotes from the market watch window
  • Multiple order types
  • Multiple chart types
  • 50+ technical indicators for market analysis
  • Algorithmic Trading with EAs
  • Full customisation
  • Desktop & mobile support
  • Ultrafast order execution
  • 200+ instruments to trade
Skilling MetaTrader 4 Platform

Skilling MetaTrader 4 Platform

Tools

The Skilling website contains no standalone trading tools, but the Skilling Trader and Skilling cTrader platforms have a vast array of built-in trading tools, which are developed to satisfy the trading needs of traders of all experience levels.

Education

TheSkilling website has no educational materials, but there is a help center on the website that contains some basic information about the broker’s commissions, leverage, and how to make deposits and withdrawals.

Markets

Skilling offers over 800 financial instruments across different asset classes such as:

  • Forex: The broker offers over 70 different forex currency pairs to choose from including major, minor, and exotics.
  • Shares: There is a good number of shares to choose from, including the big-name companies like Amazon and Facebook, as well as Alibaba and Netflix, to name a few.
  • Indices: The broker has a good variety of indices to choose from, such as the S&P500, Germany 30, UK100, Spain 35, and many more.
  • Commodities: Skilling provides competitive trading conditions for trading Gold, Silver, Crude Oil (WTI), Natural Gas, and Crude Oil Brent.
  • Cryptocurrencies: Traders get access to trade various cryptocurrencies including Bitcoin, BitcoinCash, Ripple, Ethereum, and Litecoin.

Accounts

The broker provides clients with a variety of different accounts which depend on their experience, trading styles, and capital. The accounts give traders access to trade forex currency pairs, cryptos, indices, commodities, and equities with a stop out level of 50%. The account types include:

Standard Account

The Standard Account requires an initial deposit of 100 Euros. It charges no commission on trades, whereas leverage of up to 1:30 is available. This account type is available on both the Skilling Trader and Skilling cTrader trading platforms and has spreads starting from 0.7 pips. It offers negative balance protection along with other competitive trading conditions.

Premium Account

With an initial opening balance of 5,000 Euros, the Premium Account is aimed towards the more seasoned traders. It has a low spread starting from 0.1 pips, while the leverage is capped at 1:30. The Premium Account is available on the Skilling Trader and Skilling cTrader trading platforms. It offers access to trade over 800 financial instruments whilst the commission is from $35/mln.

Professional Account

Those who qualify as professional clients can apply for the professional accounts which gives increased leverage of up to 1:30 for certain instruments and a reduction on current margin rates, allowing you to trade with more leverage, as opposed to the limitations imposed by ESMA on retail clients.

To qualify as a professional client requires meeting 2 out of the 3 following guidelines, 1) Have a portfolio of greater than $500k (not including property or cash) 2) Have a verified history of placing significant sized positions (down to broker discretion) 3) Have worked in the capacity of a professional position related to derivatives / speculation / trading. Match any two of these requirements to qualify as a professional client.

It is important to note that some beneifits and protections are removed should you qualify for a professional account as you are then classified as professional trader under ESMA regulation.

Demo Accounts

There are risk-free demo trading accounts, which are preloaded with virtual funds for practice purposes. The demo account is recommended for traders who wish to test out the broker’s platforms and practice their strategies before opening a real live trading account.

Skilling Trading Account Types

Skilling Trading Account Types

Support

The broker provides traders with a knowledgeable customer support team, who are polite and prompt in response. They are on hand to respond to traders’ general, technical, and account-based inquiries. Their telephone support is available from Monday to Friday, between 08:00 and 17:00 hours CET. You can speak to the customer support experts via the live chat which is available from Monday to Friday, between 08:00 and 21:00 hours CET. Alternatively, traders can send an email, and one of the customer support experts will get back to you within 24 hours.

Funding

The broker provides clients with a wide range of account funding and withdrawal options that includes:

  • Bank Wire Transfer
  • Credit/Debit Cards including Visa and MasterCard
  • Online Payment Processors such as Trustly, Neteller, Skrill, Klarna, and Swish.

The broker does not charge any fees for deposits regardless of the payment method. However, you might be charged by your bank or the payment service provider. Skilling also states that it does not accept payments from any third parties due to its Anti-money Laundering Regulations. The same applies for withdrawals, the broker can only send money back to the depositing person. Some payment methods may not be available to specific countries, while the transaction processing time may vary, depending on the payment method used.

Skilling Funding & Withdrawal Options

Skilling Funding & Withdrawal Options

Signup

Opening a live trading account with the broker is straightforward and easy and involves three simple steps. Firstly, click on the ‘sign up’ icon on the broker’s website and fill the form accordingly whilst supplying the required relevant information. The account opening form is displayed as follows.

Skilling Sign-up Form

Skilling Sign-up Form

Next, verify your identity by uploading your documents or by registering with Bank ID. Finally, once your trading account has been created and approved, you can fund it and start trading online when you feel ready to do so.

Compare

Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
Founded200619742007
RegulatedASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSAFCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFFASIC, CySEC, FSA, SCB
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker

Conclusion

Skilling is a regulated online trading broker that offers over 800 financial instruments across multiple asset classes for trading online via the proprietary Skilling Trader and the sophisticated cTrader/MetaTrader platforms. The broker offers a good choice of trading account types, as well as multiple account funding and withdrawal methods.

However, they are lacking in educational materials for clients. The brokers spreads also do not start from 0 pips as they do with many other ECN/STP brokers.

Skilling Logo

Min $100 Deposit

Skilling is a regulated online trading broker that offers over 800 financial instruments across multiple asset classes including Forex, Stocks, Commodities & Cryptocurrencies. They have a variety of trading platforms, account types, funding options & competitive trading conditions.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Alyaziah Hayat
I had previously been forex trading for about 2 years and I now mainly focus on writing forex-related content. I also deal with cryptocurrencies and other financial assets in this industry. I've dealt with several brokers, assets, EA robots, and everything that this industry has to offer.

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