Skilling.com vs Tastyworks

Skilling vs tastytrade Comparison Table 2024
Skilling tastytrade
4.7
3

Skilling is a multi-asset broker founded in 2016 and based in Cyprus. The brand offers hundreds of day trading instruments with competitive spreads from 0.1 pips and beginner-friendly platforms. Skilling are also regulated in Europe and beyond with a transparent pricing structure. You can sign up and start trading in three easy steps.

tastytrade is an award-winning brokerage, launched in 2017. The brand specializes in futures, options and stock trading with US and Australian regulatory oversight. The proprietary trading interface, designed by the creators of Thinkorswim, is powerful with plenty of integrated tools to suit active traders.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.
Promotions

Skilling: Deposit $100 & Get A $30 Welcome Bonus

Comment by Reviewer
"Skilling maintains its position as a top pick for beginners looking for a competitive zero commission account with direct access to a copy trading feature. It will also serve experienced strategy providers looking to earn commissions, or anyone looking to trade forex during extended hours." "tastytrade is a good choice for investors looking for low-cost, multi-asset trading opportunities. Experienced traders in particular will appreciate the comprehensive analysis tools and advanced trading technology."
Pros
  • The Skilling Copy solution is accessible directly from the cTrader web terminal, making it easy for strategy providers to manage their portfolios
  • Excellent third-party charting platforms are available for serious day traders, with dozens of technical indicators and advanced order types
  • Skilling continues to strengthen its investment offering recently introducing weekend forex trading on 7 currency pairs
  • The broker offers smooth account funding with a good range of payment methods with zero deposit fees
  • The broker has a solid global reputation and is regulated by top-tier authorities including the CySEC
  • The €100 deposit and zero commissions in the Standard account are accessible for beginners
  • Transparent pricing model including a $1 commission on stocks and ETF options, with maximum limits per leg for some assets
  • Wide range of asset classes including options, futures, stocks, ETFs and indices with the majority available to trade 24/5
  • Good choice of account types suitable for various investment goals including IRAs and individual/joint trading accounts
  • Powerful proprietary platform with detailed insights, real-time trading videos, and order adjustment features
  • Excellent regulatory oversight from FINRA, NFA and ASIC with SIPC insurance for US clients
Cons
  • Skilling trails alternatives like IG when it comes to research tools that can help day traders make informed decisions
  • You can only access shares in the Skilling Trader platform and fewer instruments are available overall in the MT4 accounts
  • Less suitable for beginners with no demo account and basic educational resources
  • Narrow range of instruments with no forex trading
  • No credit/debit card payments
  • USD base currency only
  • No 529 plan
Awards
  • Best Forex Trading Platform - Global Forex Awards 2022
Instruments
Forex, CFDs, Stocks, Indices, Commodities and Cryptos Stocks, ETFs, Cryptos, Futures, Options
Demo Account
Yes No
Minimum Deposit
$0
Trading Platforms
  • Skilling Trader
  • MT4
  • cTrader
  • TradingView
  • Own
Payment Methods
Minimum Trade
0.01 Lots
Regulator
CySEC SEC, FINRA
Margin Trading
Yes Yes
STP Account
Yes No
ECN Account
No No
DMA Account
No No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Android App Rating
4.2
iOS App Rating
5
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
Copy trading is available through Skilling Copy. 800+ strategies can be mirrored on the award-winning platform. Strategy providers can also use the service to generate an additional revenue stream.
Social Trading
Yes No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • SEK
  • NOK
Stock Exchanges
Commodities
CFD Trading
Skilling offers 800+ CFDs covering stocks, indices, forex and commodities. The powerful charting platforms facilitate ultra-fast execution times of 0.05 seconds and seasoned algo traders can execute complex CFD strategies using cTrader's C# programming language. CFD trading not offered
FTSE Spread
22
GBPUSD Spread
0.6
Oil Spread
0.4
Stocks Spread
1.0
Forex Trading
Skilling offers Standard and Premium accounts with competitive leverage and low spreads from 0.1 pips across a wide range of major, minor and exotic forex pairs. A huge selection of over 70 currency pairs are available, including 7 pairs that can be traded on the weekend. Forex trading not offered
GBPUSD Spread
0.6
EURUSD Spread
0.4
EURGBP Spread
0.6
Assets
70+
Cryptocurrency
You can trade 50+ crypto pairs via leveraged CFDs. The list of tokens is longer than many rivals, including Vantage with only 30+, and you can get started easily with just $100. tastytrade offers a small selection of cryptocurrencies, available to trade as long positions only. This includes Bitcoin, Ethereum, Litecoin and Dogecoin. But with a narrow suite of digital currencies, it isn't the best pick for high-volume crypto traders.
Spread
BTC 0.5 Variable
Coins
  • ACM
  • APE
  • AVE
  • ATM
  • AVA
  • AXS
  • BTC
  • BAR
  • BNB
  • BTC
  • BSV
  • XBN
  • ADA
  • CHZ
  • ATOM
  • CRO
  • DASH
  • MANA
  • DOGE
  • EOS
  • ETH
  • ENJ
  • XET
  • ETC
  • FTM
  • ONE
  • HT
  • IOTA
  • JUVE
  • LTC
  • LNK
  • XLC
  • XMR
  • NEO
  • OMG
  • PSG
  • CAKE
  • DOT
  • MATIC
  • QTUM
  • XRP
  • ASR
  • SAND
  • SHIB
  • SOL
  • XLM
  • SNX
  • XTZ
  • THT
  • TRX
  • UNI
  • VET
  • WAVE
  • ZRP
  • ZEC
  • YFI
  • BTC
  • ETH
  • LTC
  • DOGE
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
Yes No
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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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