Overall, Skilling is considered low-risk, with an overall Trust Score of 90 out of 100. They are licensed by two Tier-1 Regulators (highly trusted), zero Tier-2 Regulators (trusted), zero Tier-3 Regulators (average risk), and one Tier-4 Regulator (high risk). The broker offers four retail accounts: Standard, Premium, MT4, and MT4 Premium Account. 

Skilling Review – 13 key points quick overview:

1. ☑️Overview
2. ☑️At a Glance
3. ☑️Skilling Account Types
4. ☑️How To Open a Skilling Account
5. ☑️Deposit & Withdrawal Options
6. ☑️Trading Instruments & Products
7. ☑️Trading Platforms and Software
8. ☑️Skilling Spreads and Fees
9. ☑️Leverage and Margin
10. ☑️Educational Resources
11. ☑️Skilling Pros & Cons
12. ☑️Security Measures
13. ☑️Conclusion

Overview

Skilling, founded in 2016, is a Scandinavian technology company that simplifies trading processes through its user-friendly platform. Following this focus on accessibility, the broker introduced advanced cTrader and its unique Skilling Trader in 2019, catering to all levels of traders.  

The broker is regulated by the FCA (UK), CySEC (Cyprus), and FSA (Seychelles), ensuring secure standards and protecting customer funds. Furthermore, Skilling’s commitment to innovation and providing a high-quality trading experience has led to its growth and expansion into new areas.

Furthermore, Skilling’s partnership with Spotware allows it to offer both advanced platforms and the addition of MetaTrader 4, ensuring a pleasant trading environment for all traders. 

Can Skilling provide insights into industry trends?

The broker provides seminars and articles on various subjects, including market trends, to assist traders in making educated choices.

How does Skilling maintain transparency in its operations?

The broker maintains transparency by publishing a thorough breakdown of expenditures on its website, which enables traders to understand and predict costs.

At a Glance

Skilling Account Types 

Skilling Standard Account 

The Standard Account is a commission-free trading platform for beginners, available on both the Trader and Skilling cTrader platforms. It offers competitive spreads starting at 0.7 pips and covers various financial markets.  

However, trading crypto CFDs may require additional requirements. The minimum deposit requirement varies by country, providing global accessibility. 

Skilling Premium Account 

Overall, the Premium Account is designed for experienced traders with smaller spreads and a $30 trading volume commission.  

It requires a minimum deposit of €5,000 or an average monthly trading volume of $10,000,000. Operating on the same platforms as the Standard account offers an improved trading environment while maintaining the same leverage and stop-out settings. 

Skilling MT4 Account 

The MT4 Account is a trading platform designed specifically for the MT4 platform, offering spreads at 0.7 pips and no fee. 

In addition to offering various currency pairings, indices, and commodities, it also offers a starting deposit similar to the Standard account. Furthermore, it provides high leverage and micro lot trading capabilities, making it suitable for traders of all skill levels.

Skilling MT4 Premium Account 

Overall, the MT4 Premium Account is a premium trading option for professional MT4 platform users, offering low spreads and a $30 fee per million transactions. In addition, it requires a €5,000 deposit and offers limited financial products like currency pairings and commodities.

This account is ideal for experienced traders seeking optimal trading conditions and the most efficient MT4 platform. In addition, it offers a wide range of features and benefits that can help traders achieve their financial goals.

Demo Account 

Additionally, the Demo Account is a risk-free tool for traders to refine their strategies. It offers a simulated trading environment with 10,000 units of virtual capital, allowing users to experiment with different strategies, leverage, and risk/reward ratios.  

In addition to being available on the web, Android, and iOS devices, it provides a trustworthy platform experience.

Does Skilling provide customized accounts for MT4 users?

Yes, the broker offers MT4 and MT4 Premium accounts designed exclusively for traders who prefer the MetaTrader 4 platform, which includes competitive spreads and extensive trading tools.

What benefits do premium accounts have over standard accounts?

Premium accounts include narrower spreads and a $30 trading volume charge, which suits experienced traders seeking the best trading conditions and efficiency.

How To Open a Skilling Account 

To register an account, follow these steps: 

Step 1 – Click on the Sign-up option.

Go to the website at https://skilling.com/row/en/ and click the “Start Trading” button. 

Step 2 – Complete the form.

Enter a valid email address and set up a strong password for your account. Complete the online application form, including correct personal information such as your full name, date of birth, and address. 

Skilling Deposit & Withdrawal Options 

Deposits Methods:

Bank Wire 

✅Log into your account and navigate to the “Deposit” area. 

✅Select “Bank Wire Transfer” to obtain Skilling’s bank information. 

✅Initiate the transfer from your bank account using the reference information supplied. Funds are normally sent to your account within a few business days. 

Credit or Debit Card 

✅In the “Deposit” section of your account, choose “Credit/Debit Card”. 

✅Enter your card information (number, expiry date, and CVC) and the deposit amount. 

✅To complete the transaction, follow your card issuer’s on-screen instructions. Deposits are normally credited immediately to your account. 

 Cryptocurrency  

✅Go to your account’s “Deposit” section and pick “Cryptocurrency.” 

✅Select your selected cryptocurrency. 

✅Scan the QR code or copy the wallet address given. 

✅Start the transfer from your external crypto wallet, ensuring you enter the proper address. Deposit timeframes might vary based on the cryptocurrency’s network. 

 e-Wallets or Payment Gateways 

✅In the “Deposit” area of your account, choose your favourite e-wallet/gateway. 

✅Enter the deposit amount and your e-wallet credentials. 

✅You will be sent to the e-wallet provider to complete the transaction. Funds are normally sent to your account shortly after approval. 

Withdrawal Method:

Bank Wire 

✅Navigate to your Skilling account’s “Withdrawal” section and choose “Bank Wire Transfer.” 

✅Provide proper bank account information (IBAN, SWIFT, or BIC). 

✅Enter the desired withdrawal amount and submit your request. Withdrawals made via bank transfer could take several business days to process. 

 Credit or Debit Cards 

✅In the “Withdrawal” column, choose “Credit/Debit Card.” 

✅You may only be able to withdraw funds to the card you used to make the deposit. 

✅Enter the desired withdrawal amount and submit your request. Processing timeframes might range from a few hours to several business days. 

Cryptocurrency 

✅In the “Withdrawal” column, pick “Cryptocurrency” and your preferred currency. 

✅Carefully enter your external wallet address. 

✅Enter the desired withdrawal amount and submit your request. The processing and network confirmation periods for crypto withdrawals might vary. 

e-Wallets or Payment Gateways 

✅Select your e-wallet/gateway from your account’s “Withdrawal” section. 

✅Enter the withdrawal amount and your e-wallet login credentials. 

✅Submit your request. E-wallet withdrawals are often processed quicker than conventional options. 

Does Skilling have any deposit or withdrawal limits?

The broker does not enforce hard deposit or withdrawal limitations, enabling traders to move funds according to their trading requirements and preferences.

How long does it take Skilling to process withdrawals?

Skilling’s withdrawal processing timeframes normally vary from a few hours to several business days, depending on the method used and any extra verification procedures.

Trading Instruments & Products 

The broker offers the following trading instruments and products: 

➡️Forex – Overall, Skilling provides trading in 73 currency pairings, which include major, minor, and exotic currencies. 

➡️Shares – Skilling offers more than 760 shares, giving you access to some of the world’s biggest stock markets. 

➡️Indices – Additionally, Skilling provides 18 indices, offering traders access to worldwide markets via a single instrument. 

➡️Commodities – Six commodities are accessible for trade, including valuable energy and metal assets. 

➡️Soft Commodities include agricultural items such as wheat, coffee, sugar, and cotton. Overall, trading soft commodities enables traders to bet on things directly affected by weather conditions, seasonal fluctuations, and swings in customer demand. 

Can I trade soft commodities using Skilling?

Yes, Skilling enables trading in soft commodities such as wheat, coffee, sugar, and cotton, allowing traders to profit from price changes caused by weather and market demand.

Is there a limit on the amount of shares available for trading with Skilling?

The broker provides access to over 760 shares, giving traders sufficient possibilities to trade some of the world’s top stock exchanges with little constraints on the amount of shares accessible.

Skilling Trading Platforms and Software 

Skilling Trader 

They are a unique trading platform designed by skilled traders, making it accessible for both beginners and advanced traders. It offers a user-friendly layout, intuitive features, and complete web and mobile capabilities.

With lightning-fast order execution, this translates to traders being able to capitalize on market opportunities quickly and effectively.

cTrader 

Overall, Skilling’s partnership with cTrader fruitfully combines a sophisticated trading experience with various instruments, quick entry, customization options, and extensive indicators.

As a result, the straightforward interface and commission-free approach increase its popularity, providing transparency and cost-effectiveness to traders. 

MetaTrader 4 

Overall, the MT4 interface offers customers the benefits of MT4, a popular trading platform with automated trading, expert advisors, and technical indicators, enabling confident financial market navigation for professionals and amateurs. 

Skilling Copy 

Additionally, Skilling Copy is a new trading platform that allows traders to replicate the strategies of experienced investors. This empowers them to evaluate those investors’ performance data and track records.

It prioritizes risk management by featuring Equity Stop Loss, in addition to the ability to start, halt, and stop duplicating transactions, ultimately optimizing their investment potential.

Can I use Skill Trader on my desktop?

Yes, Trader is available on desktop devices via web browsers, giving traders a user-friendly and feature-rich platform for executing trades and studying market trends.

Does Skilling support automated trading?

Yes, the broker provides automated trading via its MetaTrader 4 platform, which enables traders to use expert advisors and automated trading methods to execute trades based on established criteria.

Skilling Spreads and Fees 

Spreads 

The broker offers competitive spreads for Standard and Premium accounts, starting at 0.7 pips for Standard and 0.1 pips for Premium. Additionally, it provides clear pricing structures, ensuring traders are informed about charges.

Commissions 

Overall, Premium and MT4 Premium account holders may, to provide excellent trading services at low costs, pay a $30 commission per million USD exchanged.

Overnight Fees 

Overall, the broker charges rollover fees to overnight holdings at the end of each trading day. These fees are determined by interest rate differentials between currency pairings, indexes, or shares.

These fees, whether positive or negative depending on transaction direction and rates, can be anticipated and controlled through Skilling’s transparent approach, ultimately enhancing the trading experience.

Deposit and Withdrawal Fees 

The broker offers various payment options without fees for deposit and withdrawal operations but may charge up to 2.9% for Neteller and Skrill deposits and withdrawals to maintain transparency and fairness. 

Inactivity Fees 

Because the broker does not impose inactivity fees, traders can participate in the markets at their own speed without the burden of extra expenses.

Currency Conversion Fees 

The broker charges a 0.7% currency conversion fee for traders trading in other currencies, further ensuring smoother conversions and a hassle-free trading experience.

This open approach, reflecting Skilling’s commitment to its diverse clientele, further demonstrates its dedication to offering a hassle-free trading experience.

Are there any hidden costs while trading on Skilling?

No, Skilling’s pricing structure is transparent, with no hidden fees linked with trading, guaranteeing that traders understand the costs and expenditures spent throughout their trading activity.

Does Skilling charge fees for all trading transactions?

The broker applies commissions to particular account categories, such as the Premium and MT4 Premium accounts, where traders may pay a $30 fee per million USD traded, assuring competitive pricing and appropriate compensation for the broker’s services.

Leverage and Margin 

Overall, the broker offers a dynamic leverage strategy for various asset classes and client account types, with margin requirements varying based on asset class and client account type.

Key currency pairings require a margin of 0.10%, while small currency pairs and gold require a margin of 0.50%.  

Stocks have a 10% margin requirement due to their inherent volatility. Skilling’s margin call and stop-out facilities automatically monitor customers’ available collateral, ensuring a safer trading environment.  

Furthermore, clients can offer cash or non-cash collateral margins, and the broker can change margin requirements at any time. 

Does Skilling provide margin call and stop-out services?

Yes, the broker offers margin call and stop-out facilities to monitor clients’ available collateral, automatically closing positions if margin requirements are unmet, ensuring risk management, and protecting traders from excessive losses.

Can I provide non-cash collateral as a margin with Skilling?

Yes, the broker lets traders submit non-cash collateral as a margin, giving them more flexibility in fulfilling margin requirements and allocating funds for trading activity.

Educational Resources 

The broker offers the following educational resources: 

➡️Study Hub – Skilling’s Study Hub is a comprehensive learning platform offering a wide range of trade courses to educate beginners and experienced traders. 

➡️Lessons – Overall, the Study Hub is a comprehensive learning platform offering a wide range of trade courses to educate beginners and experienced traders. 

➡️Articles – In addition, the broker offers a range of trading and market analysis articles, thereby enhancing traders’ comprehension of market patterns, trading tactics, and financial instruments.

➡️Webinars – Additionally, the broker offers interactive events on various subjects, including market trends, trading methods, and platform instructions. 

➡️Tutorials – Overall, the Tutorials provide practical assistance for utilizing the trading platforms. These courses are intended to assist traders in using the platforms effectively, using all available features and capabilities. 

Does Skilling offer live trading webinars for traders?

Yes, Skilling regularly hosts live trading webinars for traders, covering various topics such as market analysis, trading strategies, and platform tutorials.

Can traders interact with instructors during Skilling’s educational webinars?

Yes, Skilling’s educational webinars allow traders to interact with instructors and fellow participants through live chat and Q&A sessions.

Skilling Pros & Cons 

Security Measures 

Skilling is a trading platform prioritizing security measures to protect users’ funds and personal information. It adheres to regulatory requirements, such as client fund segregation, which separates customer funds from the company’s operating funds.  

Additionally, the broker prioritizes security by employing modern encryption technologies to secure data transfer between clients’ devices and servers, reducing the risk of unauthorized interception.

The platform also offers secure login methods, such as two-factor authentication (2FA), which requires a second verification form and a password. This ensures the platform’s safety and integrity. 

Does Skilling do frequent security audits and assessments?

Yes, Skilling does frequent security audits and assessments to identify and resolve any vulnerabilities and hazards.

Does Skilling utilize encryption technology to ensure safe data transfer?

Yes, Skilling uses cutting-edge encryption technology to secure data transit between customers’ devices and servers, lowering the danger of illegal interception and protecting critical information from possible threats.

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Conclusion 

Overall, Skilling is a reputable FX and CFD broker with a user-friendly interface and diverse trading products. It is regulated by the FCA, CySEC, and FSA Seychelles, ensuring traders’ security and confidence.

Additionally, Skilling offers numerous trading platforms, instructional materials, and customer service options. However, our findings show that Skilling has lower competitive trading costs for certain assets and a technical platform that may not suit all trading styles.  

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