Skilling Rated 3/5

Skilling Guide - Read our In Depth 2021 Skilling Review

This Skilling review was written by industry experts with over 20 years of financial experience in Forex, CFDs, Stocks, Cryptocurrency .
The content in this Skilling review does not apply to US users.

Benefits of Trading with Skilling

Skilling Review 2021 Quick Summary
💰 Min Deposit 100
👱‍♂️ Used By 5,000 Skilling users and traders
📆 Founded 2016
🌍 HQ Cyprus
👮‍♂️ Regulation Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042
🚫 Excluded Countries Skilling is not available in the following countries : US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR

Open Skilling's Website

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor


learn more Learn more about eToro.
67% of retail investor accounts lose money when trading CFDs with this provider.

What is Skilling?

Skilling are a global online financial trading platform and multi asset broker founded in 2016

Over 5 years later Skilling has grown to offering retail investors Forex trading, CFDs trading, Stocks trading, and Cryptocurrency trading.

Skilling are a global broker. Skilling have a head office in Cyprus.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this Skilling review and assess how well the Skilling platform functions in its role as an international multiple financial asset trading platform for traders in 2021.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like Skilling can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of Skilling we breakdown the pros and cons. What Skilling are able to offer, what countries Skilling are available in. Who Skilling are regulated by and more.

Skilling Review Screenshot

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this Skilling review useful.

This review of the Skilling platform is very detailed. If you are interested in trading with Skilling in any capacity please take the time to read and research the whole Skilling review.

We have tried to explain the ins and outs of financial trading through the Skilling platform as plainly as possible so that you the trader are as informed as possible before you start to use the Skilling trading tools and depositing and withdrawing funds from Skilling.

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with Skilling like Forex trading, CFDs trading, Stocks trading, and Cryptocurrency trading. you should have confidence in Skilling and know that the management of your financial investments on the Skilling platform are in good hands.

At the bottom of this Skilling review you can also learn about some pretty good alternatives to Skilling

With this Skilling review we hope to help you see if Skilling is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Skilling that will help you get off to a good start in the world of online trading.

Skilling Review Table of Contents

Skilling review
Skilling is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about Skilling. Skilling is a multi asset platform with 100+ tradable Assets. Assets available on Skilling include Forex, CFDs, Stocks, Cryptocurrency .

Skilling trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, CFDs, Stocks, Cryptocurrency are considered financial assets.

Features of Skilling

Skilling review
What you should know

Skilling offer four ways to trade: Forex, CFDs, Stocks, Cryptocurrency .

With Skilling you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with Skilling platform.

Skilling are able to accommodate various levels of traders whether you are experienced or a beginner.

Are Skilling safe?

When choosing a broker like Skilling the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2016, and in operation for 5 years Skilling have a head office in Cyprus.

Skilling is regulated. This means Skilling are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042 regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Skilling, this will be honored. If Skilling violate any regulatory rules their regulated status could be stripped.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor

Is my money safe with Skilling?

Any payments funded to Skilling accounts by traders are held in a segregated bank account.

For added security Skilling use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should Skilling use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in Skilling deposited in a Tier 1 bank?

Having any money you deposit with Skilling means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Skilling goes out of business for some reason.

Therefore, we can safely conclude that Skilling is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex, CFDs, Stocks, Cryptocurrency is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Skilling also clearly state on their platform that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor.

Now that we have answered some important questions regrding Skilling. let us look at the Skilling features in more detail.

Try creating two accounts when you are working with Skilling. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Skilling

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Skilling as a Company Compare Against Other Brokers

Broker skilling eToro IC Markets XTB
Year Established 2016 2007 2007 2002
Head Office Cyprus Cyprus, UK Australia Poland
Regulation Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042 Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 5,000+ Skilling users 20,000,000+ eToro users 180,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit Skilling Visit eToro Visit IC Markets Visit XTB
Risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor 67% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 77% 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 review
Skilling Pros and Cons

What we like about Skilling

  • Used by over 5,000 Skilling users and traders
  • Established in 2016
  • Regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042
  • Min. deposit from $100

What we don't like about Skilling

Skilling review
Skilling Regulation and Licensing in more detail

We have checked and Skilling is regulated and supervised by reputable organisations. You are able to check every Skilling supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Skilling. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria for license approval, this is determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Skilling traders and provide a safe trading environment. Financial regulation and license approval is essential.

Skilling is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Skilling you should be sure they're legitimate online agent.

Is Skilling Global?

Yes, Skilling is global as Skilling is available in over 188 countries.

Skilling is a global trading platform in the sense that it operates in 188 countries including nations in Europe, Asia, Oceania, and Africa. Major countries Skilling covers include the UK, Germany, Australia, South Africa, Thailand, and China. Skilling has a total of more than 5,000 users.

Skilling review
Skilling Fees Explained

  • Skilling withdrawal fees varies on payment method
  • Skilling does not charge a fee for inactive accounts.
  • Skilling doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How Skilling Fees Compare Against Other Brokers

Broker skilling eToro IC Markets XTB
Min Deposit 100 50 200 0
Withdrawal Fees varies Yes No varies
Inactivity Fees No Yes No Yes
Deposit Fees No No Varies No
CFD Commission Fees Yes Yes Yes Yes

Skilling Minimum Deposit

Skilling require a minimum desposit of 100 GBP/USD when opening an Skilling trading account.

A minimum deposit is the minimum amount of money required by Skilling to open a new online brokerage account with them.

Dont be scared off by brokers like Skilling charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Skilling Withdrawal Fees

Skilling withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.

Skilling for example allow you to withdraw your funds to Electronic wallets (eWallets), Credit cards, Bank Transfer, Debit cards, Skrill, Neteller, Trustly, Klarna, Swish, Astropay, Pagsmile, Fasapay, PayTrust, Walao Pay, PayRetailers, Directa.

Skilling Inactivity Fees

Skilling does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Skilling Desposit Fees

Skilling does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Skilling Commission Fees

Skilling does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Skilling review
What can you trade with Skilling?

Be aware that Different entities under Skilling Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Skilling over 100 instruments infact.

If you are looking for Forex brokers to trade currency pairs on global Forex markets Skilling offer over 50 currency pairs.

Compare Skilling with eToro and IC Markets below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor

How Skilling Trading Options Compare Against Other Brokers

Broker skilling eToro IC Markets XTB
Instruments Available 100 2000 232 4000
Platforms MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 50 65 57
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 0 2042 110 1696
UK Shares No Yes Yes Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Skilling
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor
Visit eToro
67% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
77% 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 review
Trading on Skilling web platforms and other applications

Skilling offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

Skilling also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See Skilling's platforms

Is the Skilling Trading Platform Secure?

Skilling safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Skilling also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Skilling.

Skilling Trading Platform Options

Once you have logged into your Skilling account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

Skilling does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

Skilling does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options Skilling gives you.

Skilling review
Skilling MetaTrader 4 (MT4)

Skilling MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with Skilling. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with Skilling in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. Skilling MetaTrader 4 is compatible with the latest macOS Mojave. Skilling allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on Skilling

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade Skilling MetaTrader 4 on IOS Devices

You can download the Skilling app or also trade with Skilling through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. Skilling customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade Skilling MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. Skilling provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Skilling MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade Skilling MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

Skilling MetaTrader 4 Advanced Trading Tools

The Skilling advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. Skilling offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade Skilling MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

Skilling MetaTrader 4 AutoChartist

Skilling Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

Skilling Trading benefits

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

Skilling Trading Accounts Offered

Below we give an overview on the account types that Skilling offer. Whatever you are looking to trade the varying Skilling account types will be able to provide you with what you need.

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • STP account

Can I try Skilling before I buy?

Skilling offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor

Skilling withdrawal and funding methods

Please note that the list of Skilling payment methods below depend on the Skilling Entity and the Clients Country of Residence.

All available Skilling payment methods available to you can be found in your Skilling members area checked on the Skilling website.

Skilling offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about Skilling

Skilling Payment Methods

  • Skilling accepts Electronic wallets (eWallets)
  • Skilling accepts Credit cards
  • Skilling accepts Bank Transfer
  • Skilling accepts Debit cards
  • Skilling accepts Skrill
  • Skilling accepts Neteller
  • Skilling accepts Trustly
  • Skilling accepts Klarna
  • Skilling accepts Swish
  • Skilling accepts Astropay
  • Skilling accepts Pagsmile
  • Skilling accepts Fasapay
  • Skilling accepts PayTrust
  • Skilling accepts Walao Pay
  • Skilling accepts PayRetailers
  • Skilling accepts Directa
Broker skilling eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes No Yes
Neteller Yes Yes Yes Yes

*please note available Skilling and other broker payment methods depend on the clients country of residence.

How can I start trading with Skilling?

When opening a trading account with Skilling, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Skilling trading platforms here. You will need to provide some basic documentation to prove your identity as part of Skilling onboarding and normal KYC identity checks. These checks are standard practice and help Skilling provide a safe financial environment for their 5,000 users.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor

Performing trades with Skilling

Skilling allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. Skilling allow you to execute a maxium trade of 100 Lot. As Skilling offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

Skilling are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the instruments.

Skilling also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by Skilling here.

CFD Trading on Skilling

let's take a look at some of the basics of using Skilling leverage.

Skilling offer CFD which are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Skilling leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Skilling trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Skilling leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Skilling CFDs are typically used for short to medium term trades. For example Skilling intraday CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.

Always be aware that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor

Limiting Your Risk When Trading with Skilling Negative Balance Protection

We should say something about negative balance protection with Skilling. When trading using leverage an adverse move could result in losing more than your trading account balance at Skilling. If your broker is regulated by the FCA Negative Balance Protection should be set in place by your broker as standard. Your Skilling account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with Skilling Stop Loss, Skilling Stop Limit Orders

A stop-loss order is an order placed with a broker like Skilling to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at Skilling

To trade effectively with Skilling, it's important to get a have a good understanding of the Skilling trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with Skilling and externally.

Skilling offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.

Having an analytical approach may be a good way to approach trading with Skilling.

Take time to look around the Skilling platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Skilling

As part of our Skilling review we review customer service options, response times and Skilling trading platform problem resolution effectiveness.Skilling support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish.

See how Skilling Support Compares Against Other Brokers

Broker skilling eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit Skilling Visit eToro Visit IC Markets Visit XTB
Risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor 67% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 77% 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.

What you will need to open an account with Skilling

As Skilling is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware that the expiration date of Proof of address document for different entities under Skilling Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Skilling's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Skilling you can visit the Skilling trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://skilling.com/ on September 25, 2021.

Watch this Skilling Explainer Video

Is Skilling A Good Broker?

We spent over 3 months examining Skilling in depth. Although we found some very useful aspects of the Skilling platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Skilling broker.

  • Skilling have a good track record of offering Forex, CFDs, Stocks, Cryptocurrency .
  • Skilling has a history of over 5 years.
  • Skilling has a reasonable sized customer support of at least 10.
  • Skilling are regulated by the Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042. This means Skilling fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Skilling have regulation from Tier 1 reputable regulators.
  • Skilling has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Skilling have an international presence in multiple countries. This includes local Skilling seminars and training.
  • Skilling are able to hire people from various locations in the world who can better communicate in your local language.

Skilling Risk Disclosure

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor

Trading Risk Disclaimer

Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.

Skilling not quite right?

If after reading this Skilling review, Skilling does not fulfill your needs check out these Skilling Alternatives.

Click here to view the best Skilling Alternatives

We have spent years researching the best alternatives to Skilling. Click the links below to learn more.

If you feel some of the above Skilling are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Skilling alternatives below.

Related Skilling Vs Comparisons

We have covered allot in this Skilling review, If you want to see how Skilling compares side by side with other brokers check out our Skilling Vs pages.

If you would like to see how Skilling stands up against other brokers you can read some of our Skilling comparisons below. We compare side by side some of our top rated Skilling versus comparisons. Read our indepth Skilling VS pages below.

Skilling review
SKILLING Frequently Asked Questions

Read our detailed Skilling FAQ Section updated for 2021.

Can I try Skilling before I buy?

Skilling offer a demo account so you can try the Skilling platform with virtual trading before you put down a payment. Virtual trading with Skilling is zero risk. Learn more here

What funding methods do Skilling accept?

Please note that the list of payment methods below depend on the Skilling Entity and the Clients Country of Residence.

Skilling offer the following funding payment methods Electronic wallets (eWallets), Credit cards, Bank Transfer, Debit cards, Skrill, Neteller, Trustly, Klarna, Swish, Astropay, Pagsmile, Fasapay, PayTrust, Walao Pay, PayRetailers, Directa, among other payment methods.
Learn more here

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor

Is Skilling safe?

Skilling are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042. Any payments funded to Skilling accounts by traders are held in a segregated bank account. For added security Skilling use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor

Is Skilling trading good?

Skilling is considered good and reputable to trade with Skilling. Skilling is used by over 5,000 active traders and Skilling users. Skilling offers Forex trading, CFDs trading, Stocks trading, and Cryptocurrency trading. Minimum deposit with Skilling is 100.

Is Skilling trading Legit?

Skilling was founded in Cyprus in 2016. Skilling has been facilitating trade on the financial markets for over 5 years. Skilling offers clients Forex trading, CFDs trading, Stocks trading, and Cryptocurrency trading. All funds deposited to Skilling are held in segregated tier 1 bank accounts for security. Skilling is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042 so can be considered legit.

Is Skilling a good broker?

Skilling is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042 so can be considered a good broker. Skilling allows Forex trading, CFDs trading, Stocks trading, and Cryptocurrency trading.

Is Skilling trustworthy broker?

Skilling can be considered trustworthy. All money funded to Skilling is placed into a segregated tier 1 bank account. this means your money in not held by Skilling directly by a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Skilling is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042.

What is the minimum deposit for Skilling?

The minimum deposit to trade with Skilling is 100.

How long do Skilling withdrawals take?

Withdrawing money from Skilling processing time varies but averages 2-5 days.

Is Skilling regulated?

Skilling is regulated by the Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042. Regulatory bodies conduct regular reviews and audits as part of Skilling maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is Skilling a market maker?

Skilling is a market maker. Stocks, currency and other commodities and instruments will be purchased by Skilling even if no buyer is lined up.

How can I start trading with Skilling?

When opening a trading account with Skilling, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Skilling trading platforms here.

Is my money safe with Skilling?

Skilling is regulated by the Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042. One of the most important criteria for traders when choosing a broker like Skilling is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Skilling, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Skilling a con?

Skilling is regulated and well established having been in business for over 5 years. Skilling is definitely not a con.

Can you make money with Skilling?

Although traders have had great success with Skilling. Trading on the financial markets with Skilling is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor.

Does Skilling have fees?

Skilling withdrawal fees varies on payment method.Skilling doesn't charge inactivity fees. Skilling doesn't charge deposit fees.

When was Skilling founded?

Skilling was founded in 2016.

How many people use Skilling?

Skilling is used by over 5,000 registered Skilling users.

What is Skilling Headquarters country?

Skilling has its head quarters office in Cyprus.

Does Skilling offer negative balance protection?

Skilling offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Skilling offer guaranteed stop loss?

Skilling does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Skilling allow scalping?

Skilling offers scalping.

Does Skilling allow hedging?

Skilling offers hedging.

Does Skilling offer CFD trading?

Skilling offers CFD trading.

Does Skilling offer STP?

Skilling offers STP trading.

How many people use Skilling?

Skilling is used by over 5000 Skilling users and traders.

Is Skilling an ECN broker?

Skilling does not offer ECN trading.

Does Skilling offer a demo account?

Skilling offers a demo account.

Does Skilling offer an Islamic account?

Skilling does not offer Islamic accounts.

What are the funding methods for Skilling?

Please note that funding methods and funding options available with Skilling can be found in the Skilling Members area and depend on the Skilling client’s country of residence. Please check your specific available payment methods on the Skilling website. Skilling accept the following funding methods : Electronic wallets (eWallets), Credit cards, Bank Transfer, Debit cards, Skrill, Neteller, Trustly, Klarna, Swish, Astropay, Pagsmile, Fasapay, PayTrust, Walao Pay, PayRetailers, Directa.

Skilling review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Skilling brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Skilling review written by Mark Hansen of Comparebrokers.co