Skilling
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Pros and Cons
- Wide range of trading assets
- User-friendly platforms
- Competitive spreads
- Excellent customer support
- Comprehensive educational resources
- No MT5 support
- Relatively new broker
- Limited offline support
- Some geographic restrictions
- Withdrawal processing time
Introduction
Selecting the right broker is a pivotal decision for traders, whether they are novices or seasoned professionals.
A broker acts as the intermediary between the trader and the financial markets, facilitating the buying and selling of financial instruments such as stocks, forex, commodities, and cryptocurrencies.
This comprehensive review delves into Skilling, a rapidly growing online broker that has garnered attention for its robust trading platforms and user-friendly approach.
Create a Free AccountCompany Overview
Background
Founded in 2016, Skilling was created with the vision of making trading accessible and straightforward for everyone.
The company is headquartered in Cyprus and has additional offices in London and Spain.
It operates under the regulation of several reputable financial authorities, ensuring a secure trading environment for its clients.
Regulation and Security
Regulation is a cornerstone of a broker’s credibility, and this company is no exception.
It is regulated by multiple financial authorities, providing an added layer of security and trust for its clients.
These regulations ensure that the company adheres to strict financial standards and practices.
Regulatory Bodies:
- CySEC (Cyprus Securities and Exchange Commission): Skilling’s operations in Europe are regulated by CySEC, ensuring compliance with European financial laws and directives.
- FCA (Financial Conduct Authority): Their operations in the UK are overseen by the FCA, known for its rigorous regulatory standards.
- FSA (Seychelles Financial Services Authority): This body regulates its global operations, providing oversight and ensuring compliance with international financial standards.
These regulatory bodies mandate that it maintains segregated client accounts, undergoes regular audits, and provides transparent reporting.
Additionally, it offers negative balance protection, ensuring that clients cannot lose more than their deposited funds.
Trading Platforms
Skilling provides three main trading platforms to cater to various trading styles and preferences: MetaTrader 4 (MT4), cTrader, and Skilling Trader.
MetaTrader 4 (MT4)
MT4 is one of the most popular trading platforms globally, known for its user-friendly interface and robust functionality.
It offers a wide range of features suitable for both novice and advanced traders.
Key Features of MT4:
- Advanced Charting Tools: Includes multiple chart types, timeframes, and technical indicators.
- Automated Trading: Supports Expert Advisors (EA) for algorithmic trading.
- Customizable Interface: Allows traders to personalize their trading environment.
- Comprehensive Analysis Tools: Provides tools for both technical and fundamental analysis.
cTrader
cTrader is another powerful platform that caters primarily to more experienced traders.
It offers a clean interface and advanced trading capabilities.
Key Features of cTrader:
- Level II Pricing: Provides more detailed market depth information.
- Advanced Order Types: Includes advanced order types such as market, limit, stop, and stop-limit orders.
- Custom Indicators and Bots: Allows for custom technical indicators and trading bots.
- Copy Trading: Supports cTrader Copy for social trading.
Skilling Trader (Proprietary Platform)
Skilling Trader is the broker’s proprietary platform designed to offer an intuitive and seamless trading experience.
It is suitable for traders of all levels.
Key Features:
- User-Friendly Interface: Designed for simplicity and ease of use.
- Integrated Trading Tools: Includes various trading tools and resources directly within the platform.
- Web and Mobile Access: Accessible via web browsers and mobile apps for trading on the go.
- Educational Resources: Built-in educational materials and tutorials for traders.
Account Types and Opening
Skilling offers several account types to meet the diverse needs of its clients.
These accounts are designed to cater to different trading styles, experience levels, and capital requirements.
Standard Account
The Standard Account is ideal for beginner traders.
It requires a minimum deposit of $100 and offers access to all trading instruments and platforms.
Key Features:
- Leverage: Up to 1:500
- Spreads: Variable, starting from 0.7 pips
- Commission: None
- Minimum Deposit: $100
- Negative Balance Protection: Yes
Premium Account
The Premium Account is designed for more experienced traders who trade larger volumes.
It offers lower spreads in exchange for a higher minimum deposit.
Key Features:
- Leverage: Up to 1:500
- Spreads: Variable, starting from 0.2 pips
- Commission: $35 per million traded
- Minimum Deposit: $5,000
- Negative Balance Protection: Yes
Demo Account
For those new to trading or looking to test the broker’s platforms, a free demo account is available.
This account provides virtual funds for risk-free trading in real market conditions.
Key Features:
- Virtual Funds: $10,000
- Access to All Platforms: Yes
- Real-Time Data: Yes
- No Expiry: Unlimited usage
Islamic Account
Skilling also offers Islamic accounts for traders who adhere to Sharia law.
These accounts are swap-free, meaning they do not incur interest on overnight positions.
Key Features:
- Leverage: Up to 1:500
- Spreads: Variable, starting from 0.7 pips
- Commission: None
- Minimum Deposit: $100
- Negative Balance Protection: Yes
- Swap-Free: Yes
Account Opening Process
Opening an account is a straightforward process.
Prospective clients need to complete an online application form, provide proof of identity (such as a passport or driver’s license), and proof of address (such as a utility bill or bank statement).
Once the documents are verified, the account is typically approved within 24 hours.
Table: Account Types Comparison
| Feature | Standard Account | Premium Account | Islamic Account |
|---|---|---|---|
| Minimum Deposit | $100 | $5,000 | $100 |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 |
| Spreads | From 0.7 pips | From 0.2 pips | From 0.7 pips |
| Commission | None | $35 per million | None |
| Negative Balance Protection | Yes | Yes | Yes |
| Swap-Free | No | No | Yes |
| Platforms | MT4, cTrader, Skilling Trader | MT4, cTrader, Skilling Trader | MT4, cTrader, Skilling Trader |
Trading Instruments
Skilling offers a wide range of trading instruments across multiple asset classes, providing ample opportunities for diversification and strategy implementation.
Forex
Forex trading is one of the primary offerings, with over 70 currency pairs available, including major, minor, and exotic pairs.
Key Details:
- Spreads: Starting from 0.2 pips
- Leverage: Up to 1:500
- Execution Speed: Fast and reliable
- Currency Pairs: Major, minor, and exotic pairs
Indices
Traders can access more than 50 global indices, allowing them to speculate on the performance of entire markets.
Key Points:
- Major Indices: S&P 500, NASDAQ 100, FTSE 100, DAX 30, etc.
- Leverage: Up to 1:200
- Spreads: Competitive spreads starting from 1 pip
Skilling provides access to a broad range of shares from major global markets, enabling traders to invest in individual companies.
Key Features:
- Global Markets: US, UK, European, and Asian shares
- Leverage: Up to 1:10
- Spreads: Variable spreads based on market conditions
Commodities
Commodity trading is available for those interested in trading physical assets such as gold, silver, oil, and agricultural products.
Key Features:
- Metals: Gold, silver, platinum
- Energies: Crude oil, natural gas
- Agricultural Products: Wheat, coffee, sugar
- Leverage: Up to 1:100
- Spreads: Starting from 0.3 pips
Cryptocurrencies
For traders looking to take advantage of the volatility and growth potential in the digital asset market, cryptocurrency trading is available.
Key Points:
- Major Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple
- Leverage: Up to 1:5
- Spreads: Competitive spreads based on market conditions
Table: Trading Instruments
| Instrument | Examples | Leverage | Spreads |
|---|---|---|---|
| Forex | EUR/USD, GBP/USD, USD/JPY | Up to 1:500 | From 0.2 pips |
| Indices | S&P 500, NASDAQ 100, FTSE 100 | Up to 1:200 | From 1 pip |
| Shares | Apple, Google, Amazon | Up to 1:10 | Variable |
| Commodities | Gold, Silver, Oil | Up to 1:100 | From 0.3 pips |
| Cryptocurrencies | Bitcoin, Ethereum, Ripple | Up to 1:5 | Competitive |
Fees and Commissions
Understanding the fee structure of a broker is essential as it directly impacts trading profitability.
Skilling is transparent with its fees, ensuring traders are aware of the costs involved.
Spread and Commission Structure
The fee structure varies based on the account type and trading instrument.
Standard Account:
- Spreads: Variable, starting from 0.7 pips
- Commission: None
Premium Account:
- Spreads: Variable, starting from 0.2 pips
- Commission: $35 per million traded
Non-Trading Fees
In addition to trading fees, Skilling imposes certain non-trading fees that traders should be aware of.
Deposit and Withdrawal Fees:
- Deposit Fee: None
- Withdrawal Fee: None
Inactivity Fee:
- There is no inactivity fee.
Currency Conversion Fee:
- A currency conversion fee of 0.5% applies to trades on instruments denominated in a currency different from the account currency.
Table: Fees and Commissions
| Fee Type | Standard Account | Premium Account | Islamic Account |
|---|---|---|---|
| Spreads | From 0.7 pips | From 0.2 pips | From 0.7 pips |
| Commission | None | $35 per million | None |
| Deposit Fee | None | None | None |
| Withdrawal Fee | None | None | None |
| Inactivity Fee | 0$ | 0$ | 0$ |
| Currency Conversion Fee | 0.5% | 0.5% | 0.5% |
Customer Support
Customer support is a vital aspect, and the company provides robust customer support to ensure that traders’ queries and issues are resolved promptly.
Contact Methods
The broker offers multiple channels for customer support:
- Email: support@skilling.com
- Phone: +44 208 080 6555
- Live Chat: Available on the website and trading platforms
- Help Center: Comprehensive FAQ and support articles
Availability
Customer support is available 24/5, aligning with global market hours.
The support team is known for its responsiveness and professionalism, providing timely assistance to traders.
Table: Customer Support Availability
| Support Channel | Availability |
|---|---|
| 24/5 | |
| Phone | 24/5 |
| Live Chat | 24/5 |
| Help Center | 24/7 |
Educational Resources
Skilling is committed to empowering traders with knowledge and skills.
The broker offers plenty of educational resources to help traders improve their trading strategies and market understanding.
Webinars and Seminars
Regular webinars and seminars are conducted by market experts.
These sessions cover various topics, including market analysis, trading strategies, and platform tutorials.
Video Tutorials
A library of video tutorials provides step-by-step guides on using the trading platforms, understanding market concepts, and executing trades.
Articles and E-books
The broker offers a range of articles and e-books on trading basics, technical analysis, fundamental analysis, and risk management.
These resources are designed to cater to traders of all levels.
Demo Account
The demo account is an invaluable educational tool, allowing traders to practice trading in a risk-free environment.
It helps new traders familiarize themselves with the platforms and experienced traders to test new strategies.
User Experience
User experience is a critical factor that can significantly impact a trader’s efficiency and satisfaction.
This broker excels in providing a seamless and intuitive user experience across its platforms.
Platform Interface
All three trading platforms—MT4, cTrader, and Skilling Trader—are designed with user experience in mind.
- MT4: Known for its user-friendly interface and comprehensive features, MT4 is a favorite among traders worldwide.
- cTrader: Offers a clean and modern interface with advanced trading tools, making it suitable for experienced traders.
- Skilling Trader: The proprietary platform is intuitive and easy to navigate, making it ideal for traders of all levels.
Mobile Trading
The broker provides mobile trading apps for both iOS and Android devices.
These apps allow traders to manage their accounts, execute trades, and monitor the markets on the go.
The mobile apps are well-designed, offering a similar user experience to the desktop platforms.
Their website is well-organized and easy to navigate.
Information is presented clearly, and all relevant sections—such as account types, fees, trading instruments, and support—are easily accessible.
Reliability and Execution
Reliability and execution speed are crucial factors that affect trading outcomes.
Skilling has invested in robust technology to ensure fast and reliable trade execution.
Execution Speed
The broker boasts fast execution speeds, reducing the likelihood of slippage and ensuring that traders can capitalize on market opportunities effectively.
The company’s servers are located close to major liquidity providers, further enhancing execution quality.
Downtime and Maintenance
Skilling has a strong track record of minimal downtime and scheduled maintenance.
Regular updates and maintenance are conducted to ensure platform stability and performance, with minimal disruption to trading activities.
Data Security
Advanced security measures are employed to protect client data and funds.
These measures include SSL encryption, two-factor authentication (2FA), and regular security audits.
Client funds are held in segregated accounts with top-tier banks, providing an additional layer of security.
Table: Reliability and Execution
| Feature | Description |
|---|---|
| Execution Speed | Fast execution with minimal slippage |
| Server Location | Close to major liquidity providers |
| Downtime | Minimal with regular maintenance |
| Data Security | SSL encryption, 2FA, regular security audits |
| Fund Security | Segregated accounts with top-tier banks |
Trading Tools and Features
Many trading tools and features are offered, designed to enhance the trading experience and provide traders with the necessary resources to make informed decisions.
Charting and Analysis Tools
All trading platforms come equipped with advanced charting and analysis tools.
Traders can access a wide range of technical indicators, drawing tools, and chart types to conduct thorough market analysis.
Economic Calendar
An economic calendar highlights important economic events and releases.
This tool helps traders stay informed about market-moving events and make timely trading decisions.
Market News and Analysis
Real-time market news and analysis are provided, offering insights into market trends and developments.
This information is crucial for traders looking to stay ahead of the market and capitalize on trading opportunities.
Trading Signals
Skilling provides trading signals to help traders identify potential trading opportunities.
These signals are generated by experienced analysts and can be accessed directly from the trading platforms.
Copy Trading
For traders interested in social trading, copy trading is available through the cTrader platform.
This feature allows traders to copy the trades of experienced traders, potentially enhancing their trading performance.
Table: Trading Tools and Features
| Tool/Feature | Description |
|---|---|
| Charting Tools | Advanced charting with multiple indicators |
| Economic Calendar | Highlights of key economic events |
| Market News | Real-time news and market analysis |
| Trading Signals | Analyst-generated signals for potential trades |
| Copy Trading | Social trading through cTrader platform |
Promotions and Bonuses
Skilling occasionally offers promotions and bonuses to attract new clients and reward existing ones.
These promotions can vary and are subject to its terms and conditions.
Welcome Bonus
A welcome bonus is sometimes offered to new clients, providing them with additional trading funds when they make their first deposit.
This bonus can help new traders get started with a larger trading balance.
Referral Program
The referral program rewards clients who refer new traders to the platform.
Both the referrer and the referee can receive bonuses, subject to the program’s terms and conditions.
Trading Competitions
The company occasionally hosts trading competitions, allowing traders to compete for prizes based on their trading performance.
These competitions provide an exciting way for traders to test their skills and win rewards.
Table: Promotions and Bonuses
| Promotion Type | Description |
|---|---|
| Welcome Bonus | Additional funds for new clients’ first deposit |
| Referral Program | Bonuses for referring new traders |
| Trading Competitions | Prizes for top-performing traders in competitions |
Conclusion
Skilling is a reliable and user-friendly broker that offers a wide range of trading instruments, competitive fees, and advanced trading platforms.
The broker’s commitment to regulation and security ensures a safe trading environment, while its robust customer support and educational resources provide valuable assistance to traders of all levels.
The diverse account types cater to different trading needs, and the proprietary platform, Skilling Trader, offers a seamless trading experience.
Transparency in fees and commissions, coupled with fast execution speeds and advanced trading tools, make it an attractive choice for both novice and experienced traders.
While it does not offer the MetaTrader 5 (MT5) platform, its support for MT4, cTrader, and Skilling Trader provides ample options for traders.
Additionally, the mobile trading apps ensure that traders can manage their accounts and execute trades on the go.
Overall, it stands out as a reliable and well-rounded broker, suitable for traders looking for a secure and efficient trading experience.
Whether you are just starting your trading journey or are an experienced trader seeking a new broker, Skilling offers the tools and resources needed to succeed in the financial markets.
Visit official website: www.skilling.comFAQ
What is the minimum deposit required to open an account?
The minimum deposit required to open an account is $100.
Is Skilling regulated?
Yes, it is regulated by CySEC, FCA, and FSA.
What payment methods are accepted?
Skilling accepts Bank Transfer, Credit/Debit Cards, PayPal, Skrill, and Neteller.
Does Skilling offer a demo account?
Yes, it offers a demo account for traders to practice and familiarize themselves with the platform.
What is the average cost for trading EUR/USD?
The average cost for trading EUR/USD is 0.2 pips.
Does Skilling offer an Islamic account?
Yes, it offers an Islamic account option.
Are there any deposit or withdrawal fees?
No, there are no deposit or withdrawal fees.
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Article written, edited and reviewed by
Last updated: October 17, 2025
