Skilling Forex Broker

Skilling Forex Broker - Complete Information Guide

1. Broker Overview

　　Skilling, founded in 2016, is a Scandinavian fintech company that aims to simplify trading for both novice and professional traders. The company is headquartered in Nicosia, Cyprus, with additional offices located in Malta and Spain. Skilling operates as a private company and has quickly established itself as a reputable broker in the financial trading industry.

　　Skilling primarily serves retail clients looking to trade in various financial markets, including forex, stocks, indices, commodities, and cryptocurrencies. The company has made significant strides since its inception, focusing on creating an accessible trading platform that caters to a diverse clientele. Key milestones in Skilling's development include the launch of its proprietary trading platform, the introduction of innovative trading tools, and establishing regulatory compliance with top-tier authorities.

　　Skilling operates under a retail forex and CFD trading model, allowing clients to trade a wide range of instruments with competitive pricing and advanced trading features. The broker's commitment to transparency and customer satisfaction has contributed to its growth and popularity among traders.

2. Regulation and Compliance Information

　　Skilling is regulated by several respected authorities, ensuring a high level of security and compliance for its clients. The primary regulatory bodies overseeing Skilling include:

• Cyprus Securities and Exchange Commission (CySEC): License No. 357/18
• Financial Conduct Authority (FCA) (UK): License No. 810951
• Financial Services Authority (FSA) (Seychelles): License No. SD 042

　　These licenses allow Skilling to operate within the European Economic Area (EEA) and internationally. Skilling adheres to strict regulatory standards, including the segregation of client funds, ensuring that traders' funds are kept separate from the company's operational capital.

　　The broker participates in an investor compensation fund, providing additional protection for clients in case of insolvency. Skilling also implements Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, requiring clients to verify their identity and provide relevant documentation upon account registration.

3. Trading Products and Services

　　Skilling offers an extensive range of trading products, making it an attractive choice for traders looking to diversify their portfolios. The broker provides access to over 800 financial instruments, including:

• Forex Currency Pairs: More than 70 currency pairs, covering major, minor, and exotic pairs.
• CFDs on Stocks: Access to over 750 stock CFDs from various global markets.
• Indices: Trading options for 16 different indices, including major global indices.
• Commodities: A selection of 6 commodities, including precious metals and energy products.
• Cryptocurrencies: Trading options for 10 cryptocurrencies, including Bitcoin, Ethereum, and Ripple.

　　Skilling frequently updates its product offerings, ensuring that clients have access to the latest trading opportunities. The broker provides retail trading services, focusing on individual traders, while also offering institutional services to meet the needs of professional clients.

4. Trading Platforms and Technology

　　Skilling supports multiple trading platforms to cater to different trader preferences. The available platforms include:

• MetaTrader 4 (MT4): A widely used platform known for its robust features, including automated trading capabilities and extensive charting tools.
• cTrader: An advanced trading platform that offers sophisticated trading features, including Level II pricing and advanced order types.
• Skilling Trader: A proprietary platform designed for user-friendliness, featuring a streamlined interface and integrated trading tools for both beginners and experienced traders.

　　Skilling provides a web-based trading platform accessible from any device with internet connectivity. The broker also offers mobile applications for both iOS and Android, allowing traders to manage their accounts and execute trades on the go.

　　The broker employs an ECN (Electronic Communication Network) execution model, ensuring fast order execution and transparent pricing. Skilling's technology infrastructure is designed to support efficient trading operations, with servers located in secure data centers to enhance performance.

5. Account Types and Trading Conditions

　　Skilling offers two main types of trading accounts, each tailored to different trader profiles:

• 　　Standard Account:

• 　　Minimum Deposit: €100

• 　　Spreads: Starting from 0.7 pips

• 　　Commission: None

• 　　Leverage: Up to 1:30 for retail clients

• 　　Premium Account:

• 　　Minimum Deposit: €5,000

• 　　Spreads: Starting from 0.1 pips

• 　　Commission: $30 per million traded

• 　　Leverage: Up to 1:200 for professional clients

　　The broker also provides a demo account, allowing traders to practice their strategies without risking real money. The minimum trade size is 0.01 lots, and Skilling offers overnight fees based on interest rate differentials for positions held overnight.

6. Fund Management

　　Skilling supports a variety of deposit and withdrawal methods to facilitate easy fund management for its clients. The available deposit methods include:

• Bank Transfer
• Credit/Debit Cards (Visa, Mastercard)
• E-Wallets (Neteller, Skrill, Trustly, Klarna, etc.)

　　The minimum deposit requirement for the standard account is €100, while the premium account requires a minimum deposit of €5,000. Deposits are generally processed instantly, with bank transfers taking longer.

　　Withdrawals can be made using the same methods as deposits, with a minimum withdrawal amount of €50. Skilling does not charge fees for deposits or withdrawals, although third-party fees may apply for certain methods.

　　Withdrawal processing times vary, with most requests processed within 24 hours, while bank transfers may take longer.

7. Customer Support and Educational Resources

　　Skilling offers comprehensive customer support through various channels, including:

• Live Chat: Available on the website during business hours.
• Email Support: Reachable at support@skilling.com.
• Phone Support: Available for clients in different regions, including a toll-free number for the UK.

　　Customer support is available from Monday to Friday, between 06:00 - 22:00 CET. Skilling provides support in multiple languages, including English, Swedish, Norwegian, and German.

　　In terms of educational resources, Skilling offers a range of materials designed to help traders improve their skills. These include webinars, tutorials, and trading guides. The broker also features market analysis services, including daily updates and research reports, to keep traders informed about market trends.

8. Regional Coverage and Restrictions

　　Skilling primarily serves clients in the European Economic Area (EEA) and other international markets. The broker has offices in Cyprus, Malta, and Spain, allowing it to cater to a diverse clientele.

　　However, Skilling does not accept clients from certain countries, including the United States, Canada, Australia, and other regions where regulatory restrictions apply. This is important for potential clients to consider when evaluating whether to open an account with Skilling.

　　In summary, Skilling is a regulated and reputable broker offering a wide range of trading instruments and competitive pricing. With its user-friendly platforms and commitment to customer service, Skilling is well-positioned to meet the needs of traders at all experience levels.