Skilling Forex Broker

Skilling Review SummaryFounded2016Registered CountryCyprusRegulationCySEC, FCA (Unsubscribed), FSA (Offshore Regulated)Market InstrumentsForex, commodities, cryptos, indices, shares, CFDsDemo Account✅Islamic Account✅LeverageUp to 1:30 (retail)/1:200 (professional)SpreadFrom 0.8 pips (Standard account)Trading PlatformSkilling Trader, cTrader, MetaTrader 4Minimum Deposit€100Customer SupportLive Chat: Mon–Fri 06:00–22:00Phone: +357 22 276710Email: support@skilling.comSkilling Information Skilling is a multi-platform CFD broker based in Cyprus that was started in 2016. It is regulated by CySEC and the FSA (Seychelles) and lets you trade FX, equities, indices, commodities, and cryptocurrencies. It has many types of accounts, leverage options, and low costs for both retail and professional clients.Pros and ConsProsConsRegulated by CySECUnsubscribed FCA licenseVarious trading instrumentsOffshore regulated by FSADemo accountsWithdrawal fees apply after first free daily withdrawalWide range of platforms: Skilling Trader, cTrader, MT4Live chat supportIs Skilling Legit? Skilling holds an active license in Cyprus under CySEC (regulated), has an unsubscribed license in the UK (FCA), and holds an offshore-regulated license in Seychelles under FSA.Licensed EntityRegulated ByRegulatory AuthorityLicense TypeLicense No.Current StatusSkilling LimitedCyprusCyprus Securities and Exchange Commission(CYSEC)Market Maker (MM)357/18RegulatedSkilling LimitedUnited KingdomFinancial Conduct Authority (FCA)European Authorized Representative (EEA)810951UnsubscribedSkilling (Seychelles) LimitedSeychellesSeychelles Financial Services Authority (FSA)Retail Forex LicenseSD042Offshore RegulatedWhat Can I Trade on Skilling? Skilling offers 1,200+ CFD instruments across 7 asset classes, including forex, shares, indices, commodities, and cryptos.Tradable Instruments Supported Forex✔CFDs✔Commodities✔Cryptos✔Indices✔Shares✔Bonds✘Options✘ETFs✘Account Type Skilling has four primary types of live accounts: Standard, Premium, MT4, and MT4 Premium. They have Professional and Corporate accounts for experienced or institutional traders. They also offer demo accounts for practice and Islamic accounts for merchants who observe Sharia law upon request.Account TypeMinimum DepositLeverage (Retail/Pro)Spread fromCommissionSuitable forStandard€1001:30/1:2000.8 pips0Beginners; small traders wanting no commissionPremium€5,0000.1 pips$40/millionHigh-volume traders seeking low spreadsMT4€1000.8 pips0Traders who prefer using MT4 platformMT4 Premium€5,0000.1 pips$40/millionMT4 users trading large volumes, needing low spreadsProfessionalCustomUp to 1:200CustomExperienced/professional tradersCorporateCustomInstitutional/company accounts needing tailored servicesLeverage For retail traders, Skilling offers a maximum leverage of 1:30. For professional traders, the maximum leverage is 1:200. High leverage can make profits bigger, but it also makes big losses more likely.Skilling Fees In general, Skilling's trading fees are fair and often cheaper than the norm in the industry, especially for Premium accounts with narrow spreads.Account TypeSpreads fromCommissionStandard0.8 pips0Premium0.1 pips$35–$40 per USD million traded (FX, metals)MT40.8 pips0MT4 Premium0.1 pips$35–$40 per USD million traded (FX, metals) Non-Trading FeesNon-Trading Fees AmountDeposit Fee0Withdrawal Fee1 free withdrawal per day (except bank wire); extra daily withdrawals 2.5% fee; bank wire €15 (SEPA) or €25 (SWIFT)Inactivity FeeNot mentionedTrading PlatformTrading PlatformSupported Available Devices Suitable forSkilling Trader✔Web, Desktop, iOS, AndroidBeginners & advanced traderscTrader✔Web, Desktop, iOS, AndroidAdvanced tradersMetaTrader 4✔Desktop, iOS, AndroidBeginnersDeposit and Withdrawal Skilling doesn't charge any fees for deposits, except maybe Neteller and Skrill, which may be as high as 2.9%. They let you make one free withdrawal per day (except for bank wires), however any other withdrawals you make in a day may cost 2.5%. The minimum deposit for all methods of deposits in an account with Skilling is 100 EUR. Deposit OptionsDeposit OptionMinimum DepositDeposit FeesDeposit TimeBank Transfer€100None (bank fees may apply)Varies by bank, typically 1–3 business daysSkrillUp to 2.9% (at Skillings discretion)Instant to a few hoursNetellerCredit/Debit CardsNoneInstant Withdrawal OptionsWithdrawal Options Minimum Withdrawal Withdrawal Fees Withdrawal Time Bank Wire (SEPA)€15 after €15 fee€15 fixed fee1–3 business days (processed Mon–Fri 06:00–15:00 UTC)Bank Wire (SWIFT)€15 after €25 fee€25 fixed fee1–5 business days (processed Mon–Fri 06:00–15:00 UTC)Skrill/ NetellerNo fixed minimum1 free withdrawal per day; extra withdrawals 2.5% fee (Skilling may apply up to 2.9% fee)Typically same dayCredit/Debit CardsNo fixed minimum1 free withdrawal per day; extra withdrawals 2.5% fee