Skilling Broker Review 2024

Skilling offers Standard and Premium as the primary account types, with the Standard requiring a minimum deposit of 100 EUR and the Premium requiring 5,000 EUR.

It also offers copy trading through Skilling Copy, and traders have access to platforms like Skilling Trader, MetaTrader 4 (MT4), and Skilling cTrader.

Company Information and Regulation

Skilling is a Scandinavian forex and CFD broker that was founded in 2016. According to the data provided by the "Crunchbase" website, this company is currently located in Nicosia, Cyprus. Additional information on Skilling:

• Legal Name: Skilling (Seychelles) Ltd
• Regulation: Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority of Seychelles (FSA), and Financial Conduct Authority (FCA)

Summary of Key Specifics

To give you a quick overview of what Skilling has to offer, here's a table summarizing the key specifics of this broker:

Account Types (Specifics & Comparison)

Skilling offers 2 main account types to meet the needs of traders with different mindsets and experience levels. Let's break them down in the table below:

Also, this broker provides a demo account for trading without the risk of losing funds.

Pros and Cons

Like any broker, Skilling has its strengths and weaknesses. Here's a balanced look at the pros and cons:

Registration & Verification Tutorial

Getting started with Skilling is similar to opening an account with other brokers. Here's a step-by-step guide to help you sign up:

• Visit the website and click on the "Sign Up" or "Get Started" button;
• Enter your email and create a password. Alternatively, sign up with your Google, Facebook, or Apple account;
• Select your country from the list;
• Enter your full name, and fill in your birth date;
• Fill out the fields and answer the questions regarding your residential address, identity, financial details, etc.

After this process, your account will be created. For verification, upload the images of the necessary documents on the website.

Skilling Forex Broker Trading Platforms

Usually, brokers provide access to various trading platforms for more convenience. Skilling offers 3 platforms to suit different trader preferences. In the next sections, we will have an overview of each.

Skilling Trader

This is the proprietary platform designed by the broker itself. Features:

• User-friendly interface ideal for beginners
• Advanced charting tools and technical indicators
• One-click trading and customizable workspace

Download the platform for your device through these links:

• iOS
• Android

Skilling cTrader

It’s a popular third-party platform known for its advanced features. Specifics:

• Customizable interface with detachable charts
• Advanced order types and risk management tools
• Suitable for both novice and experienced traders

Skilling MetaTrader 4 (MT4)

MetaTrader 4 is ideal for traders who prefer a familiar, time-tested platform. Key Points:

• Industry-standard platform with a loyal user base
• Extensive library of technical indicators and expert advisors
• Advanced charting capabilities and automated trading options

How Is The Spreads and Commissions Structure in Skilling?

Trading costs are so critical when it comes to calculating the net profit. Skilling offers affordable pricing across its account types. Here's a breakdown of the spreads and commissions in trading:

Regarding other operations, there are no costs for inactive accounts or in withdrawals and deposits.

How to Deposit and Withdraw on Skilling

This broker offers a diverse range of deposit and withdrawal methods, which is broader than that of most other brokers. In the list below, we will mention some of the important ones:

• Neteller
• Skrill
• Credit/Debit Cards (VISA, Mastercard)
• Bank Wire Transfer
• UnionPay
• Fasapay
• AstroPay
• Trustly
• Swish

You can choose a method that suits you best based on your region and preferences.

Copy Trading & Investment Options Offered on Skilling

The brokerage offers a robust copy trading feature through its Skilling Copy platform. This innovative tool allows traders to:

• Follow and copy 400+ successful strategies
• Diversify their portfolio by copying multiple traders
• Adjust allocation and risk settings for each copied trader
• View detailed performance metrics and trading history

While copy trading can be an excellent way for beginners to get started or for busy individuals to participate in the markets, it's important to remember that past performance doesn't guarantee future results.

Bonuses and Promotions for Clients

As of the latest update, Skilling does not offer any bonuses or promotions. This is in line with stricter regulatory requirements, particularly from CySEC, which has placed restrictions on bonus offerings by forex brokers.

Support Contact Methods and Working Schedule

The way a client contacts the broker's support team can have a significant impact on the process of solving the problem. Skilling provides 4 popular channels for customer support:

• Live Chat: Available directly from the website
• Email: support@skilling.com
• Phone Call: +357 22 276710
• Support Ticket System: Available through the client portal

Unfortunately, the company dose not provide its customer services 24/7. Based on the information available on the website, the team answers to your questions from Monday to Friday, between 06:00-22:00 CET.

List of Restricted Countries; Can I Trade On Skilling?

Skilling, while available in many countries worldwide, does have restrictions on where it can offer its services. Here's a list of some key restricted countries:

• United States
• Japan
• Canada
• Australia
• New Zealand
• Iran
• North Korea
• Syria
• Cuba
• Sudan

If you're unsure about your eligibility to open an account with Skilling, it's best to reach out to their customer support team for clarification before attempting to register.

Trust Scores & Evaluations

Skilling has received generally positive scores from traders on review platforms, including the "Trustpilot", as evidenced by its ratings on popular review platforms:

• Trustpilot: 4.3/5 stars, based on more than 300 reviews, with +80% being 5-star
• ForexPeaceArmy: 3.7/5 stars, only 3 ratings, not reliable enough

According to the reviews, there's a generally positive sentiment towards Skilling's platforms and trading conditions. However, it's important to approach online reviews with a balanced perspective. While they provide valuable insights into user experiences, not all traders have the same point of view.

Conclusion and Final Words

Skilling provides competitive trading conditions like leverage ranging from 1:30 to 1:200.

Commissions start from $0, and the broker supports Neteller, Skrill, Credit/Debit Cards, Bank Wire Transfer, and many others as deposit and withdrawal methods.

However, Skilling’s services are restricted in countries like the United States, Japan, Canada, Australia, and New Zealand.

Skilling with a 4.3/5 rating on Trustpilot adds to its reliability.