Skilling vs FXCM

Skilling vs FXCM Comparison Table 2023
Skilling	FXCM
Review 4.7	Review 3.5
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
Skilling is a multi-asset broker founded in 2016 and based in Cyprus. The brand offers hundreds of 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. Sign up and start trading in three easy steps.	FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM is a popular choice. The broker is also FCA regulated and authorized in Australia and South Africa.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% 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.
Comment by Reviewer
"Skilling is a top pick for beginners looking for user-friendly platforms, copy trading features and educational resources to learn as you invest."	"FXCM is a top pick for traders deploying automated trading strategies, with four powerful platforms, strategy backtesting and algo trading through APIs. The broker is also great for active traders, with discounted spreads and low to zero commissions on popular assets."
Pros
Full suite of investments including stocks, indices, forex, commodities and cryptocurrencies Good range of payment methods for global traders Trusted and licensed by the CySEC and FSA Multiple account currencies and low deposit Intuitive copy trading solution MT4 platform integration Highly rated broker Demo account	A choice for 4 powerful platforms including MT4, Capitalise.AI and the broker's proprietary solution Premium support and custom solutions in the Active Trader professional account Excellent trading tools including a market scanner, forex signals and access to reputable research site, eFXplus Strong selection of educational materials including a new trader guide, market outlook reports and free webinars Impressive global regulatory status with 4 reputable licenses with the FCA, ASIC, CySEC and FSCA A range of funding methods including bank cards, Apple Pay and PayPal, with instant processing times
Cons
Limited market research Fairly new brand	Live chat support is unreliable Not the widest range of assets or trading vehicles
Awards
Best Forex Trading Platform - Global Forex Awards 2022
Instruments
Offers CFD’s in Forex, CFD’s in Stocks, CFD’s in Indices, CFD’s in Commodities and CFD’s in Cryptocurrencies	Stocks, Spreadbetting, CFD, Forex, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$100	$50
Trading Platforms
MT4 cTrader TradingView AutoChartist	MT4 TradingView eSignal
Payment Methods
Apple Pay Klarna Mastercard Neteller PayPal Skrill Trustly Visa Wire Transfer	Apple Pay Credit Card Debit Card Google Wallet Klarna PayPal POLi Wire Transfer
Minimum Trade
0.01 Lots	Variable
Regulator
CySEC, FSA	FCA, CySEC, ASIC.
Margin Trading
Yes	Yes
STP Account
Yes	No
ECN Account
No	No
DMA Account
No	No
MAM Account
Yes	Yes
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	Yes
Market Maker
Yes	Yes
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android + Web App	iOS and Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
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.	FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time.
Social Trading
Yes	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
2.5% withdrawal charge if you request funds with no trading activity
Islamic Account
Yes	No
Account Currencies
USD EUR GBP SEK NOK	USD EUR GBP CAD AUD ZAR CHF
Stock Exchanges
Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq Nasdaq Nordic & Baltics National Stock Exchange Of India New York Stock Exchange S&P 500 SIX Swiss Exchange	Euronext IBEX 35 Russell 2000
Commodities
Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Natural Gas Nickel Oil Palladium Platinum Silver Soybeans Sugar Wheat Zinc	Cannabis Gold Oil Silver
CFD Trading
Take positions on hundreds of CFDs covering stocks, indices, forex and commodities. Get competitive pricing and ultra-fast execution while leverage can boost your purchasing power and potential returns.	Trade a range of CFD instruments on one of FXCM's multi-asset platforms with fast execution and zero/positive slippage. Daily market analysis can also be used to inform trading decisions.
Leverage
1:30 (EU), 1:200 (Pro), 1:500 (Global)	1:30
FTSE Spread
From 1.5	1.18 pts var*
GBPUSD Spread
From 0.1	0.5 pips*
Oil Spread
From 0.4	0.05 (var)*
Stocks Spread
From 0.1%	0.2% Var*
Forex Trading
Skilling offers Standard and Premium accounts with competitive leverage and spreads across a wide range of major, minor and exotic forex pairs. Over 70 currencies are available, providing more trading opportunities than most competitors.	Access over 40 currency pairs with no commissions and low spreads from 0.78 pips for EUR/USD. Forex can also be traded 24/5 on a choice of reliable platforms.
GBPUSD Spread
0.1	0.5 pips var*
EURUSD Spread
0.1	0.2 pips var*
EURGBP Spread
0.1	0.5 pips var*
Assets
70+	40
Currency Indices
	JPY
Cryptocurrency
Trade 50+ crypto pairs via leveraged CFDs. The list of tokens is longer than many rivals and the broker offers a secure trading environment. Cryptocurrency trading is not available to traders in China.	Trade some of world's most popular digital coins with zero commission and leverage up to 1:4. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade.
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 BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
Yes	No

Review	Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% 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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