Skilling Review 2025: User-Friendly Forex Broker with Competitive Offerings and commission

Overview

Skilling is an online broker that was established in 2016, offering trading services for forex, CFDs, stocks, indices, commodities, and cryptocurrencies. Headquartered in Cyprus with additional offices in Spain and Malta, Skilling operates globally and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA).

The broker provides access to over 800 trading instruments through its proprietary platform, Skilling Trader, as well as the popular MetaTrader 4 (MT4) and cTrader platforms. Skilling has been recognized for its user-friendly interface and innovative features, receiving the "Best Forex Trading Platform" award at the Global Forex Awards 2022.

With competitive spreads starting from 0.1 pips and a range of account types to suit different trading styles and experience levels, Skilling aims to make trading accessible to everyone. The broker offers extensive educational resources, market analysis tools, and a copy trading service to support both beginner and advanced traders.

While Skilling has gained popularity among traders worldwide, it's essential to note that CFD trading carries a high risk of losing money rapidly due to leverage. As with any financial decision, potential clients should thoroughly research and consider their risk tolerance before investing.

For more information about Skilling's services, regulation, and trading conditions, visit their official website at skilling.com.

Overview Table

Category	Information
Founded	2016
Headquarters	Cyprus
Regulation	Cyprus Securities and Exchange Commission (CySEC), Seychelles Financial Services Authority (FSA)
Trading Platforms	Skilling Trader, MetaTrader 4 (MT4), cTrader
Markets	Forex, CFDs, Stocks, Indices, Commodities, Cryptocurrencies
Minimum Deposit	$100
Account Types	Standard, Premium, MT4
Payment Methods	Credit/Debit Cards, Bank Transfer, E-wallets (Skrill, Neteller)
Customer Support	Live Chat, Email, Phone
Education	Webinars, Tutorials, Market Analysis
Key Features	Competitive Spreads, Copy Trading, Negative Balance Protection

Fact List

• Skilling was founded in 2016 by a group of experienced traders and technology experts.
• The broker is regulated by CySEC in Cyprus and the FSA in Seychelles.
• Skilling offers over 800 trading instruments across forex, CFDs, stocks, indices, commodities, and cryptocurrencies.
• Clients can choose from three trading platforms: Skilling Trader, MetaTrader 4, and cTrader.
• The minimum deposit to open a live account is $100.
• Skilling provides competitive spreads starting from 0.1 pips on its Premium account.
• The broker offers a copy trading service, allowing users to automatically mirror the trades of successful investors.
• Skilling provides negative balance protection for retail clients, limiting their potential losses.
• Educational resources include webinars, tutorials, and daily market analysis.
• Customer support is available via live chat, email, and phone during weekdays.

Skilling Licenses and Regulatory

Skilling operates under a well-defined regulatory framework, holding licenses from respected financial authorities

 

Regulatory Authority	Jurisdiction	License/Reference Number
Cyprus Securities and Exchange Commission (CySEC)	Cyprus, European Economic Area (EEA)	License No. 357/18
Seychelles Financial Services Authority (FSA)	International Operations	License No. SD042
Financial Conduct Authority (FCA)	United Kingdom (UK)	Temporary Permissions Regime (TPR) Reference No. 810951

 

Skilling's multiple regulatory licenses demonstrate its commitment to operating transparently and adhering to industry best practices. By submitting to the authority of reputable regulators, Skilling offers clients a higher level of security and trust compared to unregulated or loosely regulated brokers.

In conclusion, Skilling's regulation by CySEC and the FSA provides a strong foundation for client protection and trust. However, traders should still exercise caution and thoroughly assess their risk tolerance before engaging in leveraged trading.

Trading Instruments

Skilling provides a diverse range of tradable assets, enabling traders to access various financial markets through a single platform. The broker offers over 800 instruments across multiple asset classes, ensuring that clients have ample opportunities to diversify their portfolios and capitalize on market movements.

Asset Class	Details
Forex	70+ currency pairs, including majors, minors, and exotics. Competitive spreads from 0.1 pips on Premium accounts. Popular pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF.
Stocks	CFDs on 700+ global stocks, covering sectors like technology, healthcare, energy, and finance. Includes companies like Apple, Amazon, Facebook, and Tesla.
Indices	23 global indices, including S&P 500, NASDAQ, DAX, FTSE, and Nikkei. Leverage up to 1:20 on major indices.
Commodities	21 commodities, including gold, silver, oil, and natural gas. Competitive spreads with leverage up to 1:20.
Cryptocurrencies	63 cryptocurrency CFDs, including Bitcoin, Ethereum, Litecoin, and Ripple. Leverage up to 1:5 with 24/7 trading.

Having a diverse range of tradable assets is crucial for traders as it allows them to spread risk across different markets and adapt to changing economic conditions. Skilling's extensive offering demonstrates its commitment to providing clients with a comprehensive trading experience and staying attuned to market trends.

Trading Platforms

Skilling offers a range of trading platforms to cater to the diverse needs and preferences of its clients. Whether you're a beginner or an experienced trader, Skilling's platforms provide user-friendly interfaces, advanced features, and reliable performance to support your trading journey.

Trading Platform	Description
Skilling Trader	Proprietary web-based platform with an intuitive interface, real-time quotes, interactive charts, technical indicators, and a trade assistant for beginners.
MetaTrader 4 (MT4)	Popular platform offering advanced charting tools, technical indicators, and automated trading via Expert Advisors (EAs). Known for stability, speed, and customizability.
cTrader	Designed for professional traders with fast execution speeds, advanced order types, and depth of market (DOM) functionality. Offers a clean and customizable interface.
Mobile Trading	Available on iOS and Android, allowing traders to manage accounts and execute trades on the go. Features include real-time quotes, charts, and trade management.
Web-Based Trading	Accessible via web browsers with full functionality for Skilling Trader, MT4, and cTrader. Allows access from any internet-connected device.

Skilling's diverse range of trading platforms caters to the varying levels of experience and trading styles of its clients. By offering popular platforms like MT4 and cTrader alongside its proprietary Skilling Trader, the broker ensures that clients have access to the tools they need to analyze markets, execute trades, and manage their portfolios effectively.

 

Trading Platforms Comparison Table

Feature	Skilling Trader	MetaTrader 4 (MT4)	cTrader
Platform Type	Web-based	Desktop, Web, Mobile	Desktop, Web, Mobile
User Level	Beginner-friendly	All levels	Advanced
Charting	Basic	Advanced	Advanced
Technical Indicators	30+	50+	70+
Order Types	Basic	Advanced	Advanced
Automated Trading	No	Yes (EAs)	Yes (cBots)
Customizability	Limited	High	High
Ease of Use	Very Easy	Moderate	Moderate
Mobile App	Yes	Yes	Yes

Skilling How to Open an Account: A Step-by-Step Guide

Opening an account with Skilling is a straightforward process that can be completed entirely online. Follow these steps to get started:

Step 1: Visit the Skilling website and click on the "Open Account" button in the top right corner of the homepage.

Step 2: Choose your account type (Standard, Premium, or MT4) and select your preferred base currency (USD, EUR, GBP, SEK, or NOK).

Step 3: Fill in your personal information, including your full name, date of birth, country of residence, and contact details (email address and phone number).

Step 4: Provide your employment and financial information, such as your occupation, annual income, and trading experience. This information is required to assess your suitability for trading and to comply with regulatory requirements.

Step 5: Complete the brief questionnaire about your trading knowledge and experience. This helps Skilling determine whether leveraged trading is appropriate for you and enables them to provide relevant educational materials.

Step 6: Upload the required verification documents, which typically include:

• Proof of identity: A valid government-issued ID, such as a passport or driver's license.
• Proof of address: A recent utility bill, bank statement, or official document showing your name and address (issued within the last 3 months).

Step 7: Review and accept the terms and conditions, privacy policy, and risk disclosure statement.

Step 8: Submit your application and wait for Skilling to verify your account. This process usually takes less than 24 hours.

Step 9: Once your account is approved, log in to your Skilling account and make your initial deposit using one of the available payment methods, such as credit/debit card, bank transfer, or e-wallets (Skrill, Neteller).

Step 10: Download the trading platform of your choice (Skilling Trader, MT4, or cTrader) or access the web-based platform to start trading.

Charts and Analysis

Skilling provides a range of tools and resources to support traders in their market analysis and decision-making processes. These features are designed to cater to both beginners and experienced traders, helping them navigate the financial markets more effectively.

Feature	Description
Charts & Technical Analysis	Skilling Trader, MT4, and cTrader provide advanced charting tools, including candlestick, bar, and line charts. Supports technical indicators like moving averages, MACD, RSI, and Bollinger Bands, along with drawing tools such as trend lines, Fibonacci levels, and support/resistance levels.
Economic Calendar	Provides real-time updates on market-moving events like central bank decisions, GDP releases, and employment reports. Traders can filter events by currency, importance, and time frame.
Market News & Analysis	Daily market insights via blog and video updates. Covers forex, stocks, indices, commodities, and cryptocurrencies, helping traders stay informed about key market trends.
Educational Resources	Includes trading guides, video tutorials, webinars, and a detailed FAQ section. Covers topics such as forex trading, technical analysis, risk management, and platform tutorials. Suitable for all experience levels.
Comparison to Industry Standards	Skilling's charting tools, market analysis, and educational materials are competitive with well-established brokers, providing traders with essential tools for informed decision-making.

Overall, Skilling's commitment to providing a diverse suite of tools and resources demonstrates its dedication to supporting its clients' trading success. By continually investing in the development and improvement of these resources, Skilling aims to empower traders to navigate the financial markets with confidence.

Skilling Account Types

Skilling offers three main account types to cater to the diverse needs and preferences of traders. Each account type comes with unique features, trading conditions, and benefits, allowing traders to choose the most suitable option based on their experience, trading style, and capital.

Standard Account

The Standard Account is ideal for beginner traders who are looking for a cost-effective way to start their trading journey. Key features include:

• Minimum deposit: $100 / €100 / £100 / 1,000 SEK / 1,000 NOK
• Spreads starting from 0.7 pips
• No commissions
• Leverage up to 1:30
• Access to Skilling Trader and cTrader platforms
• Negative balance protection

Premium Account

The Premium Account is designed for more experienced traders who seek tighter spreads and advanced trading features. Characteristics of the Premium Account include:

• Minimum deposit: $5,000 / €5,000 / £5,000 / 50,000 SEK / 50,000 NOK
• Spreads starting from 0.1 pips
• Commission of $35 per million traded on forex and spot metals
• Leverage up to 1:30
• Access to Skilling Trader and cTrader platforms
• Dedicated account manager
• Negative balance protection

MT4 Account

The MT4 Account is tailored for traders who prefer the familiarity and advanced features of the MetaTrader 4 platform. This account type offers:

• Minimum deposit: $100 / €100 / £100 / 1,000 SEK / 1,000 NOK
• Spreads starting from 0.7 pips
• No commissions
• Leverage up to 1:30
• Access to the MT4 platform
• Negative balance protection

Demo Account

In addition to the live trading accounts, Skilling provides a demo account that allows traders to practice trading strategies and familiarize themselves with the platforms in a risk-free environment. The demo account features:

• Virtual balance of $10,000
• Access to all trading platforms (Skilling Trader, cTrader, and MT4)
• Real-time market data and trading conditions
• No expiration date
• Easy transition to a live account

By offering a range of account types, Skilling ensures that traders can select an account that aligns with their trading objectives, experience level, and capital. The variety of options demonstrates Skilling's commitment to providing a flexible and inclusive trading environment for all types of traders.

• Standard Account
• Premium Account
• MT4 Account
• Demo Account

Account Types Comparison Table

Feature	Standard Account	Premium Account	MT4 Account
Minimum Deposit	$100 / €100 / £100 / 1,000 SEK / 1,000 NOK	$5,000 / €5,000 / £5,000 / 50,000 SEK / 50,000 NOK	$100 / €100 / £100 / 1,000 SEK / 1,000 NOK
Spreads	Starting from 0.7 pips	Starting from 0.1 pips	Starting from 0.7 pips
Commissions	No	$35 per million traded on forex and spot metals	No
Leverage	Up to 1:30	Up to 1:30	Up to 1:30
Platforms	Skilling Trader, cTrader	Skilling Trader, cTrader	MetaTrader 4 (MT4)
Negative Balance Protection	Yes	Yes	Yes

Negative Balance Protection

Skilling's Negative Balance Protection Policy: Skilling offers negative balance protection to all retail clients as part of their commitment to responsible trading and client fund protection. Under this policy, if a trader's account balance falls into negative territory, Skilling will absorb the loss and reset the account balance to zero. This means that traders cannot owe money to Skilling as a result of trading losses. It's important to note that negative balance protection does not apply to professional clients or elective professional clients. These clients are assumed to have a higher level of trading experience and knowledge, and they accept the increased risks associated with their professional status. Terms and Conditions: While Skilling's negative balance protection provides a valuable safety net for retail traders, it's crucial to understand the terms and conditions associated with this policy:

1. Negative balance protection applies only to trading-related losses. It does not cover losses due to technical issues, platform malfunctions, or other non-trading related events.
2. Traders must maintain sufficient margin in their accounts to support their open positions. If a trader's account balance falls below the required margin level, Skilling reserves the right to close out some or all of the open positions to protect the trader's account from further losses.
3. Skilling may, at its discretion, waive the negative balance protection in cases where the trader is found to have abused the policy or engaged in fraudulent activity.

Importance of Risk Management: While negative balance protection provides a valuable layer of security, it should not be relied upon as the sole means of risk management. Traders should always employ sound risk management techniques, such as setting appropriate stop-loss orders, maintaining reasonable leverage levels, and diversifying their trading portfolio.

Skilling Deposits and Withdrawals

Skilling offers a range of convenient deposit and withdrawal methods to ensure that traders can easily manage their funds. The broker aims to provide a seamless and secure experience for clients when processing transactions.

Deposit Methods

Method	Processing Time	Fees	Minimum Deposit
Credit/Debit Cards (Visa, Mastercard)	Instant	No fees	Varies by account type
Bank Transfer	2-5 business days	No fees	Varies by account type
Skrill	Instant	No fees from Skilling (Skrill fees may apply)	Varies by account type
Neteller	Instant	No fees from Skilling (Neteller fees may apply)	Varies by account type

Minimum Deposit by Account Type

Account Type	Minimum Deposit
Standard Account	$100 / €100 / £100 / 1,000 SEK / 1,000 NOK
Premium Account	$5,000 / €5,000 / £5,000 / 50,000 SEK / 50,000 NOK
MT4 Account	$100 / €100 / £100 / 1,000 SEK / 1,000 NOK

Withdrawal Methods

Method	Processing Time	Fees	Minimum Withdrawal
Credit/Debit Cards (Visa, Mastercard)	1-3 business days	No fees	$50 / €50 / £50 / 500 SEK / 500 NOK
Bank Transfer	2-5 business days	No fees	$50 / €50 / £50 / 500 SEK / 500 NOK
Skrill	1-3 business days	No fees from Skilling (Skrill fees may apply)	$50 / €50 / £50 / 500 SEK / 500 NOK
Neteller	1-3 business days	No fees from Skilling (Neteller fees may apply)	$50 / €50 / £50 / 500 SEK / 500 NOK

Deposit and Withdrawal Policies

• Verification Required: Clients must verify their identity and address before processing withdrawals.
• Required Documents: Proof of identity (passport or government-issued ID) and proof of address (utility bill or bank statement).
• Maximum Limits: No maximum deposit or withdrawal limits, but larger deposits may require additional verification checks.

Support Service for Customer

Reliable customer support is a crucial aspect of a positive trading experience. Traders should have access to knowledgeable and responsive support teams to address their queries, concerns, and technical issues promptly. Skilling recognizes the importance of customer support and offers several channels through which traders can reach out for assistance.

Support Channels

Support Languages: Skilling's customer support is available in several languages to cater to their international clientele. These include:

• English
• German
• Spanish
• French
• Italian
• Portuguese
• Romanian
• Swedish
• Norwegian
• Thai
• Vietnamese
• Chinese

 

Support Channel	Details	Response Time
Live Chat	Available on the Skilling website for real-time support.	1-2 minutes
Email	Traders can send inquiries to support@skilling.com.	24 hours
Phone	International: +44 208 080 6555 Cyprus: +357 2227 6710	1-2 minutes
Social Media	Available on Facebook, Twitter, and Instagram for support.	Varies

Support Hours: Monday to Friday, 8:00 AM - 10:00 PM (CET). Note: Skilling does not offer 24/7 support but provides extended hours to accommodate different time zones. Skilling strives to provide prompt and efficient support to their clients, ensuring that queries are addressed within the shortest possible time frame. Unique Features: One of the standout features of Skilling's customer support is their multilingual assistance. By offering support in 12 languages, Skilling caters to a diverse global clientele, ensuring that traders can communicate their queries and concerns in their preferred language.

Prohibited Countries

Skilling is prohibited from offering its services in the following countries and regions:

• United States of America
• Canada
• Japan
• Australia
• Belgium
• North Korea
• Iran
• Cuba
• Sudan
• Syria

Consequences of Trading from Prohibited Countries: Attempting to trade with Skilling from a prohibited country can result in several consequences:

1. Account Termination: If Skilling discovers that a client is trading from a prohibited country, the broker reserves the right to terminate the client's account immediately.
2. Funds Forfeiture: In some cases, clients from prohibited countries may forfeit their account balances if they are found to be in violation of Skilling's terms of service.
3. Legal Consequences: Trading with Skilling from a prohibited country may violate local laws and regulations, potentially resulting in legal consequences for the client.

It is crucial for traders to ensure that they are eligible to open an account with Skilling before attempting to do so. By checking the list of prohibited countries and understanding the potential consequences of trading from these regions, traders can avoid any complications or legal issues.

Special Offers for Customers

As Skilling is regulated by the Cyprus Securities and Exchange Commission (CySEC), they are subject to the European Securities and Markets Authority (ESMA) regulations, which prohibit the offering of bonuses or other incentives to retail traders in order to protect consumers. This is a common restriction among European regulated brokers.

While Skilling may have offered promotions in the past (Refer to a Friend) or may offer them in the future, there are no active special offers listed on their website or in other reputable sources at this time.

It's important to note that the absence of special offers does not necessarily detract from the overall quality of a broker. Traders should evaluate brokers based on factors such as regulation, trading conditions, platforms, customer support, and educational resources to determine which broker best suits their needs.

Conclusion

In this comprehensive review, I have thoroughly examined Skilling, a global online broker, to assess its safety, reliability, and overall reputation. By analyzing various aspects of Skilling's operations, including regulatory compliance, geographical jurisdictions, customer support, and more, I have gained valuable insights into their trustworthiness and dependability as a broker.

 

One of the most crucial factors in determining a broker's safety is their regulatory compliance. Skilling is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA). While CySEC is a well-respected regulatory body in Europe, it's important to note that Skilling's Seychelles entity may not provide the same level of oversight and protection as its European counterpart. Nonetheless, Skilling's adherence to regulatory requirements and their commitment to transparency and fair trading practices are commendable.

Skilling's geographical reach is extensive, with clients from over 100 countries able to access their services. However, it's essential to be aware of the restricted countries, such as the United States, Canada, and Japan, where Skilling is prohibited from operating due to regulatory constraints. Traders from these countries will need to seek alternative brokers.

In terms of trading platforms, Skilling offers a range of options, including their proprietary Skilling Trader, MetaTrader 4 (MT4), and cTrader. These platforms cater to traders of all experience levels and provide a user-friendly interface, advanced charting tools, and a wide array of technical indicators. Skilling's commitment to offering reliable and technologically advanced trading platforms is evident.

Customer support is another area where Skilling shines. They offer multiple channels for clients to seek assistance, including live chat, email, and phone support in various languages. While their customer support is not available 24/7, their extended hours and prompt response times ensure that traders can receive the help they need in a timely manner.

One aspect where Skilling falls short compared to some competitors is the lack of current special offers or promotions. As a CySEC-regulated broker, Skilling is subject to ESMA regulations that restrict the offering of bonuses and other incentives to retail clients. While this may be disappointing for some traders, it is ultimately a measure put in place to protect consumers and ensure fair trading practices.

Overall, Skilling presents itself as a reliable and trustworthy broker that prioritizes the needs of its clients. Their strong regulatory compliance, wide range of tradable assets, user-friendly platforms, and excellent customer support make them a compelling choice for traders seeking a safe and transparent trading environment.

However, as with any financial decision, it's crucial for traders to conduct their own research and consider their individual trading needs and risk tolerance before choosing a broker. While Skilling has many positive attributes, traders should be aware of the potential limitations, such as the lack of 24/7 customer support and the absence of current promotional offers.

In conclusion, Skilling is a solid choice for traders seeking a regulated, user-friendly, and reliable broker. Their commitment to providing a safe and transparent trading environment, coupled with their advanced trading platforms and excellent customer support, makes them a strong contender in the competitive world of online brokers.

Skilling FAQs