Search

For more information about Skilling Forex Broker company profile, come to WikiBit!

Rating Index

WikiFX Detection

Software Index

Full License

Risk Control

Risk Manage

Skilling Company

  

Skilling Company: A Comprehensive Overview

  

1. Company Overview

  

Founding Date and Background

  Skilling Company, a Scandinavian fintech broker, was founded in 2016 with the mission to simplify trading for everyone. The firm aims to provide a transparent and accessible trading environment for both novice and experienced traders, focusing on a user-friendly experience across its platforms.

  

Parent Company/Ownership Structure

  Skilling operates under the legal entity Skilling (Seychelles) Ltd, which is part of the Skilling Group. The company is privately held, with a dedicated team focused on developing innovative trading solutions.

  

Headquarters Location

  The headquarters of Skilling is located in Nicosia, Cyprus. This strategic location allows the company to be at the heart of European financial markets.

  

Global Business Scope

  Skilling offers a wide range of trading services across multiple financial instruments, including forex, stocks, commodities, indices, and cryptocurrencies. The company aims to cater to a global audience, providing trading solutions that meet diverse market needs.

  

Main Regulatory Bodies

  Skilling is regulated by several authoritative bodies, including:

  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Conduct Authority (FCA) in the UK
  • Seychelles Financial Services Authority (FSA)

  These regulatory affiliations ensure that Skilling adheres to strict financial standards and operational guidelines.

  Back to Top

  

2. Company History and Development

  

Key Milestones

  Since its inception in 2016, Skilling has achieved significant milestones, including the launch of its proprietary trading platform, Skilling Trader, and the integration of popular platforms such as MetaTrader 4 (MT4) and cTrader.

  

Business Expansion Journey

  Skilling started its operations in the Nordic region and has since expanded its services to various European markets. The company continues to explore opportunities in Asia and other regions.

  

Customer Base Growth

  Over the years, Skilling has seen substantial growth in its customer base, attributed to its competitive trading conditions, diverse product offerings, and strong customer support.

  

Platform Development History

  Skilling has invested in developing its trading platforms to enhance user experience. The Skilling Trader platform is designed for ease of use, while cTrader offers advanced features for experienced traders. The integration of MT4 allows users to access a widely recognized platform with robust trading capabilities.

  

Important Awards or Recognitions Received

  Skilling has been recognized in various industry awards, including accolades for its trading platform and customer service. Specific awards may vary by year and event.

  Back to Top

  

3. Trading Services Offered

  

Forex Trading Options

  Skilling provides access to over 70 currency pairs, including major, minor, and exotic pairs. The trading conditions are competitive, with spreads starting as low as 0.1 pips.

  

Stock Trading Options

  Traders can access a diverse range of stocks, with more than 750 stock CFDs available for trading. This extensive selection allows investors to speculate on shares from various global markets.

  

CFD Trading Products

  Skilling offers a wide array of Contracts for Difference (CFDs) across different asset classes, including indices, commodities, and cryptocurrencies. This enables traders to take advantage of price movements without owning the underlying assets.

  

Other Financial Instruments

  In addition to forex and stocks, Skilling provides trading options in:

  • Cryptocurrencies: Over 60 cryptocurrency CFDs, including Bitcoin, Ethereum, and Litecoin.
  • Commodities: A selection of commodities such as gold, silver, oil, and natural gas.

  

Special Services or Unique Advantages

  Skilling stands out for its copy trading feature, allowing less experienced traders to follow and replicate the trades of successful investors. This service is integrated into the cTrader platform, enhancing accessibility for new traders.

  Back to Top

  

  

Detailed Regulatory Information

  Skilling is regulated by:

  • CySEC (License No. 357/18)
  • FCA (License No. 810951)
  • FSA (License No. SD 042)

  These regulations enforce strict compliance standards, ensuring that Skilling operates within the legal frameworks of the jurisdictions in which it operates.

  

  Skilling operates under different legal entities depending on the region:

  • In the EU, it is regulated by CySEC.
  • In the UK, it is regulated by the FCA.
  • In Seychelles, it operates under the FSA.

  

Client Fund Protection Measures

  Skilling implements client fund protection measures, including:

  • Segregation of client funds from company funds.
  • Participation in investor compensation schemes, which provide a safety net for clients in case of broker insolvency.

  

Countries/Regions Served

  Skilling primarily serves clients in Europe and the Nordic countries. However, it is expanding its reach to other regions, including Asia.

  

Compliance History

  Skilling has maintained a strong compliance record since its inception. The company adheres to the regulations set by its governing bodies, ensuring transparency and accountability in its operations.

  Back to Top

  

5. Competitive Landscape

  

3-5 Main Competitors

  Skilling competes with several notable brokers in the market, including:

  • IG Group: A well-established broker with a vast selection of markets.
  • Pepperstone: Known for its low spreads and excellent customer service.
  • eToro: A leader in social trading and investment.
  • Plus500: Offers a wide range of CFD products with a user-friendly platform.

  

Positioning in the Industry

  Skilling positions itself as a user-friendly broker catering to both beginners and experienced traders. Its competitive spreads, diverse product offerings, and robust customer support make it an attractive choice in the crowded brokerage space.

  

Market Differentiation Factors

  Skilling differentiates itself through:

  • A proprietary trading platform that is intuitive and easy to use.
  • Competitive trading conditions, including low spreads and no hidden fees.
  • A strong focus on customer support, providing quick and effective assistance.

  Back to Top

  In conclusion, Skilling Company has established itself as a reputable broker in the financial services industry since its founding in 2016. With a strong regulatory framework, diverse trading offerings, and a commitment to customer satisfaction, Skilling remains a viable option for traders looking to engage in forex, stocks, CFDs, and more. For those interested in learning more about Skilling's offerings and how it compares to other brokers, further research and exploration of its platforms are recommended.