Skilling Review 2022

4.7
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80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Skilling are an exciting brand, regulated in Europe and beyond, offering 900+ instruments across 7 asset classes and spreads from 0.2 pips.

Bonus$100 Deposit Bonus (FSA clients only)
InstrumentsCFD, Forex, Stocks, Indices, Commodities, Cryptocurrencies
Demo AccountYes
Min. Deposit100 EUR/USD/GBP or 1000 NOK/SEK
Payment Methods
Min. Trade0.01 Lots or 1 Share
Regulated ByCySEC, FSA
MetaTrader 4Yes
MetaTrader 5No
cTraderYes
OmniTraderNo
AlgoTraderNo
TradingViewYes
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountYes
ECN AccountNo
DMA AccountNo
MAM AccountYes
PAMM AccountYes
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS and Android + browser-based platforms
Margin TradingYes
Volatility IndexYes
Spot TradingYes
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingNo
TournamentsNo
Demo CompetitionsNo
Managed AccountsYes
Market MakerYes
Auto TradingYes - through MT4
Social TradingYes
Copy TradingYes
Islamic AccountYes
Account Currencies
  • USD
  • EUR
  • GBP
  • SEK
  • NOK
Inactivity Fee0
Guaranteed Stop LossNo
Stock Exchanges
  • Australian Securities Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Japan Exchange Group
  • London Stock Exchange
  • Nasdaq
  • New York Stock Exchange
  • SIX Swiss Exchange Trading
Commodities
  • Cocoa
  • Coffee
  • Corn
  • Cotton
  • Gasoline
  • Gold
  • Oil
  • Palladium
  • Platinum
  • Silver
  • Sugar
  • Wheat
CFD TradingTrade a long list of financial assets with leveraged CFDs and tight spreads.
CFD FTSE Spreadfrom 1.5 pts
CFD GBPUSD Spreadfrom 0.2 pips
CFD Oil Spreadfrom 0.4 pips
CFD Stocks Spreadfrom 0.1%
CFD Leverage1:30 (EU), 1:500 (Global)
Forex TradingSkilling offer Standard and Premium accounts with competitive leverage and spreads across a wide range of major, minor and exotic forex pairs.
Forex GBPUSD Spreadfrom 0.2 pips
Forex EURUSD Spreadfrom 0.2 pips
Forex EURGBP Spreadfrom 0.2 pips
Forex Assets73 (platform dependent)
Crypto TradingTrade 57 crypto pairs via leveraged CFDs. Cryptocurrency trading is not available to traders in the UK and China.
Crypto SpreadStarting from 0,001 (BTC is 0,5)
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerYes
Crypto Coins
  • ADA
  • BTC
  • DOGE
  • DOT
  • ETH
  • LTC
  • XRP
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Skilling is a Scandinavian-owned CFD, forex, stock, commodity and crypto broker to global clients. The company offers trading opportunities via the industry-recognized MT4, cTrader and a proprietary browser-based platform, also available on iOS and Android. Our 2022 review looks at the investing apps, live spreads, three account types, social trading services, customer support, and more. Find out whether to open a Skilling.com account and start trading.

About Skilling

Skilling was established in 2016 with a purpose to make trading simple and accessible to all. Today, the fintech broker operates from headquarters in Cyprus with additional offices in Spain and Malta. 70+ employees help provide cutting-edge technology, close to 1000 financial instruments, transparent pricing and ultra-fast execution speeds (under 5ms).

Created with the goal of developing a comprehensive, easy-to-understand trading platform and investing solution for everyone, the Skilling group has a team of dedicated developers, specialists and marketers working to ensure the best possible experience for traders.

The firm also caters to a broad audience, advertising its services as simple enough for beginners while remaining useful for experienced traders. Over 900 instruments are available alongside spreads from 0.2 pips and a social trading service where hundreds of strategies that can be copied.

The company operates through two global entities:

Platforms

Skilling Trader

Skilling’s in-house platform features multiple indicators, including options such as moving average and MACD, allowing for convenient technical analysis. A range of chart styles are also available to suit the visual preference of the investor, plus complete order management with access to previous trades, account balances and brokerage withdrawal history.

One particularly useful feature is being able to analyze historical trading patterns versus other portfolios. By looking at historical data, traders can make better predictions, such as 5, 7 or 10 day forecasts.

When compared to other solutions, investors have faster access to data, more customizable elements, a range of filters and the ‘Explore Markets’ function – helping clients find the right trades quickly.

Thanks to its browser-based format, Skilling’s trading platform is available on every major browser. It also functions on mobile, with specific iOS and Android apps.

skilling broker brokerage account review
Skilling Trader

MetaTrader 4 (MT4)

The popular MT4 platform is available to download on the broker’s website. The WebTrader version is also provided, alongside a mobile app.

MT4 offers 200+ instruments alongside fast execution speeds, Expert Advisors (EAs) for automated trading, plus ample charting tools including 2000 customizable indicators. MetaTrader 4 is the most popular investing platform on the market and will meet the needs of most traders.

skilling.com broker dealer definition and agreement
MetaTrader 4

cTrader

cTrader is a sophisticated platform designed to satisfy the needs of beginners and experienced investors alike. It provides fast entry and execution, advanced charting tools, order types, level II pricing and more. Additionally, it has a user-friendly interface and clients can invest via web browser, mobile phone, or by downloading the software from the broker’s website.

When compared to MT4, cTrader provides three different levels of market depth, whereas MT4 only has one.

Skilling.com user reviews
cTrader

Skilling Copy

This is a copy and social trading service with over 1000 strategies available to users. Copy trading works by allowing newbies to mirror the positions of successful investors. The strategy provider will, in exchange for their effort, take a fee.

The system is web-based and integrated into the cTrader platform with in-depth performance statistics available to help clients research. Users can view the track record of strategy providers as well as their performance results and trading style.

Note: Past performance is not indicative of future results. Skilling Copy is not available to residents of Belgium, Italy and France.

Skilling broker copy trading genius
Skilling Copy

Note, TradingView integration is also possible when you open a live Skilling.com account.

Assets & Markets

Skilling provides access to 900+ global assets including:

While using the Skilling broker, our experts were disappointed to see that bonds are not available. However, there is enough variety for investors looking to increase the versatility of their trading portfolio.

Spreads & Commission

Spreads start from a reasonable 0.7 pips on Standard accounts, while Premium accounts, with a minimum deposit of $5000+ can access spreads from 0.2 pips.

Commissions are not charged on the Standard account, however the Premium option incurs a fee of $35/million dollar volume traded on forex and spots metals.

A full list of fees is provided for all assets on the broker’s website, along with swap rates.

Skilling Leverage

As per ESMA regulations, the maximum leverage is 1:30. As such, forex majors are available at 1:30, forex minors at 1:20, metals at 1:20, major indices at 1:20, minor indices and commodities at 1:10, and shares go up to 1:5. The stop-out level on all accounts is 50%. Global investors trading under the FSA-regulated entity can access leverage up to 1:500.

Note, leverage increases your exposure to the markets, but it also brings risk, so proper risk management is necessary.

Mobile Apps

The broker offers the Skilling Trader, MetaTrader 4 and cTrader platforms on iOS and Android devices. You can find the download links on the official website, or by going directly to the Apple App Store or Google Play.

The applications allow investors to access all features and functionality of the desktop platforms. This includes mobile compatible graph views, one-click trading to open and close positions on the go and historical price analysis. Users can also make deposits and withdrawals and contact the Skilling customer support team.

All mobile apps are free to live account holders.

Deposits & Withdrawals

The minimum deposit is 100 EUR, GBP, USD or 1000 NOK, SEK for Standard Skilling accounts, while Premium accounts have a higher minimum requirement of 5,000 EUR, GBP, USD or 50,000 NOK, SEK.

Payment methods supported by Skilling include bank transfer, Visa or Mastercard debit and credit cards, plus e-payment options such as Skrill, FasaPay, Klarna, Swish, WebMoney and Neteller. Note, the firm does not currently support cryptocurrency payments.

In general, deposits and withdrawals are free, but the broker reserves the right to charge a fee of up to 2.9% for transactions using Neteller and Skrill. Third party charges may apply for other payment methods.

Most deposits are processed instantly while withdrawals take one working day. The exception to this is bank wire transfers which can take 2-7 business days.

Demo Account

The online broker also provides a demo account. The practice account is equipped with a virtual balance of $10,000 and allows potential customers to get a feel for what real investing with Skilling is like.

This account is risk-free and provides a safe virtual location for testing strategies, improving knowledge and introducing newcomers to exactly how trading works.

Skilling.com demo account reviews
Demo Profile

The demo account is available for 90 days following registration. Interested potential customers can sign up via the website, and can easily upgrade from a demo profile to a Standard account by completing account verification.

Deals & Promotions

Due to the regulatory measures laid out by the CySEC, brokers cannot offer bonuses or promotional offers to new customers in EU / EEA countries. Nonetheless, global clients trading under the FSA can benefit from occasional financial incentives. This includes a $100 deposit bonus for all new profiles.

Skilling.com focuses on providing transparency in its payments, functionality and design. The selection of third-party tools and copy trading functionality is also a plus versus competitors.

Regulation & Licensing

Skilling Ltd is fully regulated and authorized by the Cyprus Securities and Exchange Commission (CySEC), license number 357/18. Global clients should trade under the alternative entity, regulated by the the Financial Services Authority (FSA) in Seychelles, license number SD042.

Both entities provide negative balance protection and client funds are kept in segregated accounts. Offshore authority’s including the FSA may not provide access to investor compensation schemes. Overall, our experts are comfortable that Skilling.com is a legitimate trading brokerage and not a scam.

Note, negative balance protection may not be offered to Elective Professional Clients under the CySEC-regulated entity. 

Additional Features

Skilling offers several useful extras:

Note, Skilling’s broker and trading guides can be accessed upon login. However, the majority of blog articles are available to anyone.

Account Types

Our experts found that Skilling offers three live accounts:

Several account variations are also provided: Corporate (Entity), Swap-Free/Islamic, and MAM / PAMM (Multi Account Manager / Percentage Allocation Management Module – for FSA registered traders only).

How To Get Started

New users can sign up and start trading in a few simple steps:

  1. Register for an account using the registration link (the sign-up form takes a few minutes)
  2. Verify your ID (upload your documents or register with BankID)
  3. Make a deposit using the list of supported payment options
  4. Download the platform you wish to use or open the web browser
  5. On the web platform, for example, select an asset from the menu in the top left
  6. An order window will appear where you can filter the trade parameters, including execution type, position size, plus stop loss and take profit levels
Guide to trading on Skilling
How To Place A Trade

Benefits

While using Skilling, several advantages stood out:

Drawbacks

When we used Skilling.com, we also found several downsides:

Trading Hours

Skilling’s trading platforms are available 24 hours a day, 7 days a week. However, keep in mind that certain markets are only opened at specific times. A full list is provided on the official website.

Customer Support

Contacting Skilling is easy, with readily available details and customer support lines open every weekday. The team can be contacted via instant web chat, WhatsApp, Telegram, Line, or through the help desk portal. Alternatively, the following details are provided:

The broker is present on social media channels including Twitter, Facebook and Instagram.

Safety & Security

The brand conforms to regulatory requirements surrounding client account segregation. This means investors’ funds are kept separate from the company’s capital. In addition, Skilling.com holds an Investor Compensation Fund (ICF) membership.

Skilling’s online trading platforms are protected through a Secure Socket Layer (SSL), ensuring all customer and broker data is fully encrypted before transmission via the internet. This means customers are also kept safer from cybercrime and fraud in regards to both their trades and deposited money.

Skilling Verdict

Skilling is a good all-round broker that offers access to 900+ global assets and spreads from 0.2 pips. Tight regulation by the CySEC and the FSA further adds to its appeal. However, the brand is best suited to beginners, owing to its user-friendly web platform and copy trading solution. Alongside these, the selection of educational materials will help new investors get started.

Accepted Countries

Skilling accepts traders from Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Skilling from United States, Japan, Canada, New Zealand, Australia.

Compare Skilling

Compare Skilling with similar brokers that accept traders from your location. Among available brokers these are the most similar to Skilling:

  1. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.
  2. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  3. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, and energy, as well as stock indices. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  4. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.

Skilling Comparison Table

Compare Skilling With Similar Brokers
Skilling eToro IG Group InstaForex LQDFX
Rating 4.7 4.7 4.4
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit 100 EUR/USD/GBP or 1000 NOK/SEK $10 £250 €200 to €50,000 (depending on account type) $20
Minimum Trade 0.01 Lots or 1 Share $10 0.1 lots 0.01 Lots 0.01 lots
Regulators CySEC, FSA FCA, CySEC, ASIC, FSA FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin CySEC
Bonus $100 Deposit Bonus (FSA clients only) 100% deposit bonus up to $20,000
Education Yes Yes Yes No Yes
Platforms MT4, cTrader MT4 MT4, MT5 MT4
Leverage 1:30 (EU), 1:500 (Global) 1:30 EU 1:30 1:30 for retail clients, 1:500 for professional 1:100 – 1:500
Payment Methods 14 14 6 10 8
Detailed Comparison Skilling vs eToro Skilling vs IG Group Skilling vs InstaForex Skilling vs LQDFX
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Review
eToro
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IG Group
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InstaForex
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LQDFX
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Compare Trading Instruments

Compare Skilling Trading Instruments
Skilling eToro IG Group InstaForex LQDFX
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No Yes Yes No Yes
Silver Yes Yes Yes Yes Yes
Corn Yes Yes No No No
Crypto Yes Yes Yes Yes Yes
Futures No No Yes No No
Options No No Yes No No
ETFs Yes Yes Yes Yes No
Bonds No No Yes No No
Warrants No No No No No
Spreadbetting No No Yes No No
Volatility Index Yes Yes Yes No No

Skilling vs Other Brokers

Compare Skilling with any other broker by selecting the other broker below.

Skilling vs

The most popular Skilling comparisons:

  1. Skilling.com vs eToro
  2. Skilling.com vs Oanda

FAQ

How Does Skilling Broker Get Paid?

Skilling’s business model (STP and market maker) means it makes most of its money through spreads and commissions. This is in line with competitors and importantly, the brokerage still offers low-cost trading opportunities. Spreads start from 0.2 pips while commissions come in at $35 per million traded on forex and spot metals.

Does Skilling Broker Have Certification?

Yes, the company is regulated by the Cyprus Securities & Exchange Commission (CySEC) and the Financial Services Authority (FSA) in the Seychelles.

Does Skilling Broker Have The Lowest Fees?

The firm has some of the lowest spreads and fees in the industry alongside a multitude of free deposits and withdrawal options. See our list of top brokers with low fees to see how Skilling compares to other big brokerages.

Where Can I Find More Skilling Broker Information?

You can check the official website for the latest updates. Alternatively, head to their social media channels for news on promotions, platform upgrades and new investing tools.

Does Skilling Broker Have Contract For Difference (CFD) Trading?

Yes – Skilling offers CFDs on 900+ instruments including forex, stocks, indices, plus hard and soft commodities. Clients can start trading CFDs with a €100 minimum deposit. Leverage is capped to 1:30 for EU clients while global traders can access leverage up to 1:500.

Skilling are an exciting brand, regulated in Europe and beyond, offering 900+ instruments across 7 asset classes and spreads from 0.2 pips.
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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