Best Skrill Brokers 2023
Skrill is a digital wallet accepted by many online brokers. The number of users is constantly increasing due to its speed, simplicity and security. Other advantages include its acceptance of all major currencies and its ability to handle large deposits. Trading with Skrill brokers also benefits forex traders because of its low fees when transferring large amounts of currency. Alternatively, crypto investors can use the platform to move digital currencies, including Bitcoin.
In this guide, we list the top brokers that accept Skrill deposits in 2023. We also run through the pros and cons of the payment solution, from fees and support to customer security.
Skrill Brokers
These are the 10 best brokers that accept Skrill deposits and withdrawals:
#1 - Forex.com
Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
"Forex.com is an excellent broker for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score."
- DayTrading Review Team
- Instruments: Forex, Spot Metals
- Regulator: NFA, CFTC
- Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
- Min. Deposit: $100
- Min. Trade: 0.01 Lots
- Leverage: 1:50
Payment Methods
Forex.com accepts these 8 payment methods for deposits and withdrawals:
- ACH Transfer
- Credit Card
- Debit Card
- Mastercard
- Neteller
- Skrill
- Visa
- Wire Transfer
Forex Trading
Forex.com is a leading FX broker. The brand offers a wide range of currency pairs and some of the lowest fees in the industry. Spreads on the EUR/USD come in as low as 0.0 with a $7 commission per $100k.
Stocks Trading
Forex.com offers access to thousands of US, EU and UK stocks, with spreads of just 1 point. Speculate on household names as well as new IPOs. US stocks are available from just 1.8 cents per share.
Pros
- VPS hosting for automated strategies
- Respected and trusted broker overseen by tier-one regulators including the US SEC
- Fast execution speed of less than 1 second
Cons
- No copy trading platform
- $15 monthly inactivity fee
- Investment offering varies between countries
#2 - Pocket Option
Founded in 2017, Pocket Option is a binary options broker offering up/down contracts on forex, stocks and cryptocurrencies. With over 100,000 active users and a global reach, the brand has proven popular with budding traders. Pocket Option also supports dozens of payment methods and has a low minimum trade of just $1.
"We recommend Pocket Option for aspiring binary options traders looking for copy trading services and a low minimum investment."
- DayTrading Review Team
- Instruments: Binary Options, Currencies, Commodities, Stocks, Indices
- Regulator: IFMRRC
- Platforms: MT5
- Min. Deposit: $50
- Min. Trade: $1
Payment Methods
Pocket Option accepts these 23 payment methods for deposits and withdrawals:
- ADVcash
- Bitcoin Payments
- Cashu
- Credit Card
- Debit Card
- Doku Wallet
- Ethereum Payments
- FasaPay
- GlobePay
- JCB Card
- Maestro
- Mastercard
- Neteller
- PayRedeem
- Perfect Money
- QIWI
- Skrill
- Sofort
- Visa
- WebMoney
- Western Union
- Wire Transfer
- Yandex Money
Forex Trading
Binary and OTC options can be purchased on over 40 foreign exchange pairs. Typical payouts are also decent at 81% and users can trade forex binary options in just a couple of clicks.
Stocks Trading
Trade 30 of the most popular American multinational stocks including Microsoft and Google. Payouts on big brands come in at a decent 92% while indices are available up to 67%.
Crypto Trading
Pocket Option supports major cryptocurrencies on a beginner-friendly app. Over 10 leading cryptocurrencies are available with very high leverage up to 1:1000.
Pros
- Cashback and achievements
- 92% payouts on binaries
- Clients accepted from over 95 countries
Cons
- No MT4 trading platform
- IFMRRC is not a reputable regulator
- Only one account type is available
#3 - Videforex
Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.
"Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts are also higher than most alternatives climbing to 98%."
- DayTrading Review Team
- Instruments: Binary Options, CFDs, Forex, Indices, Commodities, Crypto
- Platforms: TradingView
- Min. Deposit: $250
- Min. Trade: $0.01
- Leverage: 1:500
Payment Methods
Videforex accepts these 8 payment methods for deposits and withdrawals:
- Bitcoin Payments
- Credit Card
- Ethereum Payments
- Mastercard
- Neteller
- Perfect Money
- Skrill
- Visa
CFD Trading
Videforex CFDs are available on forex, indices, cryptocurrencies and commodities with up to 1:500 leverage and tight spreads from near zero. CFDs incur a commission fee of 1%–2.5% and up to 5% for leveraged trades.
Forex Trading
Trade 35 major, minor and exotic forex pairs through CFDs with floating spreads from 0.1 pips. Alternatively, binary options allow you to speculate on rising and falling prices with a fixed stake and payout.
Stocks Trading
Trade binary options and CFDs on global stocks from US, European, Russian and Asian exchanges, as well as 37 indices covering a wide range of global markets. The access to stocks trumps many binary options brokers.
Crypto Trading
Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs. The range of digital currencies is fairly narrow vs alternatives but major tokens like Bitcoin are available.
Pros
- You can enter positions with just ¢0.01
- Withdrawals are usually processed within one hour
- The firm facilitates day trading and binary options for global customers
Cons
- No MetaTrader 4 integration
- The broker isn’t overseen by a trusted regulatory agency
- US clients aren’t accepted due to legal restrictions
#4 - CEX.IO
CEX.IO is one-stop-shop for crypto investors where you can buy and sell popular digital tokens, speculate on prices with margin trading and earn rewards through staking. Since it launched in 2013, more than five million traders have deposited over $7.5 billion. CEX.IO is registered with the FinCEN in the US and the GFSC in the EU.
"CEX.IO will serve a range of crypto investors looking to buy, sell, trade, hold and earn. The tiered pricing structure will appeal to active traders while rookie investors will enjoy the straightforward platform interface and excellent education."
- DayTrading Review Team
- Instruments: Crypto
- Regulator: GFSC
- Platforms: TradingView
- Min. Deposit: $20
- Min. Trade: $1
Payment Methods
CEX.IO accepts these 12 payment methods for deposits and withdrawals:
- Apple Pay
- Bitcoin Payments
- Credit Card
- Debit Card
- Google Wallet
- Mastercard
- Neteller
- PayPal
- Skrill
- Swift
- Visa
- Wire Transfer
Crypto Trading
CEX.IO offers hundreds of popular cryptocurrencies including big names like Bitcoin, Ethereum and Litecoin. The trading platform is well-designed with sophisticated charting and analysis tools. Traders can also reduce their monthly volumes through the tiered pricing structure.
Pros
- Wide range of payment methods including PayPal
- 200+ cryptocurrencies including Bitcoin
- High quality educational materials through the University
Cons
- Cluttered interface on Exchange Plus
- High deposit and withdrawal fees
- A maintenance fee applies after 12 months of no activity
#5 - ForexChief
ForexChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.
"ForexChief will prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The large welcome bonus and low starting deposit will also appeal to new traders."
- DayTrading Review Team
- Instruments: CFDs, Forex, Metals, Commodities, Stocks, Indices
- Regulator: VFSC
- Platforms: MT4, MT5
- Min. Deposit: $10
- Min. Trade: 0.01 Lots
- Leverage: 1:1000
Payment Methods
ForexChief accepts these 12 payment methods for deposits and withdrawals:
- ADVcash
- Bitcoin Payments
- Credit Card
- Debit Card
- Ethereum Payments
- FasaPay
- Neteller
- Perfect Money
- Skrill
- UnionPay
- WebMoney
- Wire Transfer
CFD Trading
ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals. A clear pricing schedule is available to clients with no hidden charges. Traders can also access very high leverage up to 1:1000.
Forex Trading
ForexChief supports spot foreign exchange trading on all account types for 40+ major, minor and exotic currency pairs on the leading MT4 and MT5 platforms. Spreads are tight starting from zero and there are no dealers or requotes.
Stocks Trading
ForexChief offers 100 US company stocks CFDs for MT4 DirectFX and Classic+ account holders. Investors can speculate on the price of some of the world's largest companies, including Apple and Coca Cola. Spreads start from 5.
Crypto Trading
ForexChief supports crypto trading with five major digital currencies paired against the US dollar. Traders can bet on rising and falling prices with leveraged CFDs and market-leading trading software.
Pros
- Turnover rebates for active traders
- Low margin rates
- Copy trading solution with signals
Cons
- Weak regulatory oversight
- Limited market research
- Withdrawal fees on several payment methods
#6 - Axofa
Axofa is a forex and CFD broker registered in St Vincent and the Grenadines. The broker offers three account types with access to forex, commodities and indices. With ECN processing, low minimum deposits and no commissions, Axofa could be an attractive option, although the broker does not hold a reputable license.
"Axofa could be a good option for clients looking for social trading features alongside the MT5 platform, and are willing to trade with an offshore brand."
- DayTrading Review Team
- Instruments: Forex, CFDs, Stocks, Indices, Commodities
- Regulator: SVGFSA
- Platforms: MT5
- Min. Deposit: $1
- Min. Trade: 0.01 Lots
- Leverage: 1:1000
Payment Methods
Axofa accepts these 8 payment methods for deposits and withdrawals:
- Bitcoin Payments
- Credit Card
- Debit Card
- Mastercard
- Neteller
- Skrill
- Visa
- Wire Transfer
CFD Trading
CFDs are available on popular asset classes with a competitive $1 minimum deposit. The broker offers very high, unrestricted leverage of 1:1000, which will amplify both profits and losses.
Forex Trading
Axofa offers 50+ forex pairs with raw spreads and low commissions. On the downside, the broker is not particularly transparent when it comes to their account conditions and fees.
Stocks Trading
A decent selection of 100+ popular international stocks are available. Traders can also test out their strategies in the free MT5 demo account, though the conditions are more limited vs other brokers.
Pros
- Negative balance protection
- Low starting deposit of $1 for beginners
- Access to high leverage up to 1:1000
Cons
- Unregulated broker
- Limited verifiable information about the broker’s owners and background
- Lack of transparency around pricing
#7 - Scope Markets
Scope Markets offers day trading and investing in multiple spot and CFD instruments. The group of brokers is regulated in several locations, including Belize, Kenya and South Africa. Users get competitive trading conditions, a range of payment methods, strong support and can get started in a few straightforward steps.
"Scope Markets will appeal to traders seeking highly leveraged CFDs and spot investment products on the powerful MetaTrader 5 platform. The Scope Markets Group stands out for its range of trading tools and educational materials."
- DayTrading Review Team
- Instruments: Forex, Stocks, Commodities etc.
- Regulator: CMA, FSC, FSCA
- Platforms: MT4, MT5
- Min. Deposit: $50
- Min. Trade: 0.01 lots
- Leverage: 1:2000 (location dependent)
Payment Methods
Scope Markets accepts these 8 payment methods for deposits and withdrawals:
- Credit Card
- Debit Card
- M-Pesa
- Mastercard
- Neteller
- Skrill
- Visa
- Wire Transfer
CFD Trading
Scope Markets clients can trade CFDs on a good selection of asset classes including forex, precious metals, energies, indices and global shares. The award-winning broker also offers a decent suite of educational materials and a YouTube channel to support aspiring traders.
Forex Trading
Scope Markets offers MT5 trading for a range of major, minor and exotic currency pairs with high leverage and a low starting deposit. Multilingual 24/5 support is also available to support forex traders.
Stocks Trading
Scope Markets offers stock trading on popular markets, alongside cash and futures indices. Clients can speculate on major stocks from US, EU, Australia, and more with competitive fees and reliable trading software.
Crypto Trading
Go long or short on popular cryptos like Bitcoin, Ethereum and Ripple with leveraged CFDs and competitive spreads. Depending on the jurisdiction, different regulations apply. CFDs on cryptocurrencies are not offered in all jurisdictions.
Pros
- Modern Scope Trader web platform with 50+ analysis tools and intuitive design
- MT4 and MT5 platform integration
- A wide range of trading training courses and tutorials
Cons
- Regulatory scrutiny varies between countries
- Limited trading instruments
#8 - RaceOption
RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.
"RaceOption will appeal to traders new to binary options looking for copy trading, contests and 24/7 customer support. Experienced traders will also appreciate the account-based perks and bonuses."
- DayTrading Review Team
- Instruments: Binary Options, CFDs
- Platforms: TradingView
- Min. Deposit: $250
- Min. Trade: $0.01
- Leverage: 1:500
Payment Methods
RaceOption accepts these 9 payment methods for deposits and withdrawals:
- Bitcoin Payments
- Credit Card
- Debit Card
- Ethereum Payments
- Mastercard
- Neteller
- Perfect Money
- Skrill
- Visa
CFD Trading
Access a modest range of CFD instruments across key markets, including indices and commodities. Clients can trade directly from charts with high leverage up to 1:500 and customisable time intervals.
Forex Trading
Trade 25+ major and minor currency pairs with access to over 30 technical indicators in the broker's proprietary terminal. You can also follow and replicate other forex trades using the integrated copy trader.
Stocks Trading
Go long or short on over 50 major global shares and map out your strategies using the intuitive charting tools. Those with $1,000+ starting capital can also enjoy their first 3 trades risk-free.
Crypto Trading
Trade popular crypto CFDs with leverage up to 1:30 and utilize convenient crypto funding in Bitcoin, Ethereum or other altcoins. You can also enjoy fully flexible, 24/7 crypto trading at home or on the go. Cryptos are paired with USD and CNY.
Pros
- Well-optimised proprietary mobile trading app with instant execution, full trading history and responsive live charts
- Sign-up bonuses from 20%, plus weekly trading contests and prize giveaways
- Free and instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour
Cons
- No free demo account
- Unregulated broker with lower safety score
- $250 minimum deposit is higher than other binary options brokers
#9 - Coinmama
Coinmama is a popular cryptocurrency exchange that aims to provide streamlined and user-friendly cryptocurrency trading options to the retail market. Traders can buy a range of tokens via a fiat on-ramp, store their tokens in a third-party wallet and earn loyalty bonuses for trading with Coinmama. Millions of clients from over 180 countries have signed up to the firm.
"New crypto investors looking to buy and sell popular tokens like Bitcoin with fiat currency will appreciate Coinmama. We particularly rated the loyalty program as a way to reduce fees."
- DayTrading Review Team
- Instruments: Cryptos
- Regulator: FinCEN, FINTRAC
- Platforms: Own
- Min. Deposit: $30
- Min. Trade: $30 to buy, $100 to sell
Payment Methods
Coinmama accepts these 7 payment methods for deposits and withdrawals:
- Apple Pay
- Credit Card
- Debit Card
- Google Wallet
- Skrill
- Swift
- Wire Transfer
Crypto Trading
Buy, hold and sell 16 crypto tokens including major players like BTC and ETH and lesser-known tokens such as LRC. Use a range of fiat currencies to buy the digital assets, including USD. Cryptos are stored in third-party wallets.
Pros
- Loyalty bonuses with fee discounts
- Save on fees and commissions with larger deposits
- Used by more than 3 million crypto investors
Cons
- User reviews reveal some quality issues
- Poor selection of cryptocurrencies compared to competitors
- No direct crypto trading – clients must first purchase BTC or ETH
#10 - BinaryCent
BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500.
"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."
- DayTrading Review Team
- Instruments: CFD, Forex, Stocks, Crypto, Options, Commodities
- Regulator: VFSC
- Platforms: Own
- Min. Deposit: $250
- Min. Trade: $0.01
- Leverage: 1:500
Payment Methods
BinaryCent accepts these 12 payment methods for deposits and withdrawals:
- Bitcoin Payments
- Credit Card
- Debit Card
- Ethereum Payments
- Mastercard
- Neteller
- POLi
- Perfect Money
- Skrill
- Visa
- WebMoney
- Wire Transfer
CFD Trading
You can take positions on a range of popular trading markets including forex, stocks, energies and metals. Leverage is high at 1:500 and live spreads can be viewed in the web-accessible platform and app.
Forex Trading
Trade 24 forex pairs via binary options. Such a small range of currency pairs is not that unusual among binary options brokers, and BinaryCent's high payouts up to 95% compensate for the lack of range.
Stocks Trading
Trader can access global stock markets through binary options on blue chip company shares and a range of indices. Clients can trade high/low binaries on a user-friendly web platform.
Crypto Trading
BinaryCent offers trading on a decent list of cryptocurrencies, including major tokens like Bitcoin. The broker also accepts crypto deposits and withdrawals, making it straightforward to fund, trade and manage your activities in digital currencies.
Pros
- Copy trading and binary options bots are useful for beginner traders
- Trade binary contracts from $0.10 allowing trading opportunities for all budgets
- Payouts up to 95% are higher than most competitors and increases profit potential
Cons
- The $250 minimum deposit is higher than most binary options brokers
- Not available to traders based in the US
- Not overseen by any reputable regulator, raising risks and reducing customer protections
Skrill Overview
Skrill is a leading eWallet and a popular alternative to PayPal. Founded in 2001 as Moneybookers, Skrill is now part of the Paysafe Group which also owns former rival, Neteller. The payment platform has over 40 million users worldwide.
Available on desktop devices and as a mobile app, the transfer gateway was traditionally used by online casino players for depositing funds and withdrawing winnings. However, investors are also increasingly using the brand to fund online trading accounts, capitalizing on the firm’s multiple offers, promotions and VIP benefits. And while not as ubiquitous as PayPal for everyday transactions, the number of online brokers accepting Skrill makes it a serious contender.
Pros Of Skrill Brokers
Benefits of trading with brokers that accept Skrill deposits and withdrawals include:
- Free to receive money
- Easy to use and register
- Actively encourages forex trading
- Common deposit method at online brokers
- Link up to ten debit/credit cards to your account
- The more money you transact, the lower the fees
- Fast transactions (unless involving wire transfer)
- A multitude of promotions and welcome offers, including referral schemes
- Strong security (card or bank details are not revealed and data is encrypted)
- For forex traders, Skrill supports 38 currencies (including Euro, British Pound, US Dollar and Yen)
Cons Of Skrill Brokers
As a potential digital wallet for traders, there are also some drawbacks:
- Fees to withdraw funds
- Charged for unused account
- High currency conversion fees, plus handling fee
- Website unclear on specific deposit and withdrawal limits
- Verification needed to increase deposit/withdrawal limits and decrease fees
Speed Of Payments
Making deposits with Skrill is usually fast. Funds uploaded to your account with debit or credit cards are instant; for wire transfers, you should allow up to five working days. All cards and accounts used for trading deposits and withdrawals have to be in your name.
You can also make instant deposits with the following:
- Boku
- Klarna
- Bitcoin
- Trustly
- Neteller
- Paysafe Cash
- Rapid Transfer
- Fast Bank Transfer
- Over 100 local payment methods including iDEAL in the Netherlands, Alipay in China and Giropay in Germany
Security
The corporation takes a multitude of security measures to ensure that its users are protected. All sensitive transaction information is safeguarded with a 128-bit encryption and protected according to the Payment Card Industry Data Security Standards.
The mobile app also has a two-tier login. This means that as well as entering their email address and password, users have to enter a code sent to their mobile device. But while Skrill is a secure payment solution, investors should still sign up with trusted and reliable trading brokers.
Deposits & Withdrawals
User accounts are free and easy to set up, although you will need to verify your ID if you want to increase your deposit and withdrawal limits. You can deposit for free if you utilize a debit/credit card or a bank transfer.
Skrill is the opposite of PayPal in that it never charges to receive money. However, it takes a fee to withdraw to your eWallet or credit card. The only way for traders to avoid this fee is to use the bank transfer option, which has 0% fees.
Fees & Costs
Trading with this payment method can get costly. The main sting is the withdrawal fee which currently works out at:
- 49% for Neteller
- 2% for cryptocurrencies
- £4.66 for Swift wire transfers
- 99% for Visa and Mastercard
The firm also offers a service called Skrill Money Transfer which gives traders the ability to send money to anyone (including themselves), converting it into any of its supported currencies using the Reuters exchange rate.
It’s free to receive funds, but to send it costs between 1-5% depending on your chosen method. Transfers between accounts incur a fee of 2.99%. If you verify your identity and become a True Skriller, this drops to 1.45%. For international payments, sending money to a bank account, in any of the countries the platform supports, is free.
Note that higher VIP levels can help reduce FX rates.
VIP
There are three VIP levels that you can attain for each quarter if you hit a certain threshold within the preceding quarter:
- Silver: Transact over €15,000 per quarter
- Gold: Transact over €45,000 per quarter
- Diamond: Transact over €90,000 per quarter
Once you’re a Silver VIP member or above, trading with Skrill becomes beneficial in terms of removing or reducing fees. You can also begin opening other accounts in different currencies, helping you to avoid FX fees.
Inactivity Fee
If your account is inactive for a period of six months, Skrill begins applying a monthly charge of €5 (or equivalent). The good news for Skrill traders is that closing your account is free and easy. Alternatively, simply logging in to your Skrill account counts as activity.
Is Skrill A Good Choice For Traders?
Skrill is a popular payment method with investors. But whether it’s right for you depends on how much you trade and whether you make deposits and withdrawals via offshore brokers. If you are transferring in large amounts and qualify for a VIP level, then it could be a cost-effective digital wallet to support your online trading activity.
FAQ
Are There Any Skrill Bonuses?
The website reveals a raft of exclusive trading promotions from big-name brokers, offering investors cashback, free demo accounts and zero commissions. Skrill also offers financial rewards for recommending friends.
What Countries Can Use Skrill?
The payment system is available in the majority of countries around the world, including the United Kingdom, EU member states and the United States. You can even find a Skrill broker in Pakistan. The most notable exception where the platform isn’t available is Japan (although it does support Yen transactions).
Which Countries Have Skrill Restrictions?
The only country-specific restrictions with Skrill are in the United States or related to US dollars: you cannot deposit in US dollars – these are automatically converted to Euros and the 3.99% conversion rate is applied – and you cannot withdraw US dollars to your bank account. On top of that, Skrill Money Transfer transactions cannot be funded with US-issued debit or credit cards.
Do Interactive Brokers Accept Skrill?
Interactive Brokers does not accept this payment method. See our list of alternative trading brokers that accept Skrill deposits to get started.
Is Skrill Fast?
The payment gateway offers instant transfers at most online brokers. However, if you wish to make a deposit or withdrawal using bank wire, this can take up to five days. Check the payment timelines on your broker’s website before you make a payment.