Skilling Review
Skilling Review
Skilling is an easy-to-navigate and brokerage platform with a variety of clients. It is available to beginners as well as professionals, but its headquarters are located in Cyprus. They were founded by Scandinavian techs who moved their offices around while maintaining the company name on Malta and other countries like Sweden, Greece and others at points in time.
Skilling offers up to over 800 instruments and the popular MT4 or cTrader software options for traders’ use; they also developed their own trading software called Skilling Trader so that there are a lot of great opportunities for technical solutions that can be made with ease.
Company Details
Skilling is an online broker that lets you trade CFD and forex markets from a single account, offering to trade to customers across the world. With multinational offices based in Spain, Malta, and Cyprus, the platform offers trading to users from any country within Europe or the European Economic Area.
Created with developing a comprehensive; easy-to-understand trading platform for everyone in mind – Skilling has over 50 dedicated developers working directly with their relatively young CFD brokerage service to ensure customers have got access to all of its features without fail.
Skilling caters for a broad audience, advertising its services as simple enough for beginners while remaining a useful tool even if you’re a more experienced trader – making it something that’s perfect no matter what your age or level of expertise may be.
Additional Features
Clean, simple and practical in design, Skilling is an online broker that appeals to traders for a number of reasons. Not only is it modern, easy to use and comes with many features – what’s not to love? Here are just a few:
-Easy account set up; -Online trade execution on the actual venue (i.e., within the exchange); -Ability to short sell stocks.
The Watchlist
One of the most innovative features of Skilling’s trading platform is the Watchlist, a clear and clean dashboard that provides traders with information about various types of instruments. With a search bar, you have even more options to customize this app! With the asset and trade-type watchlists, you can monitor specific assets or broad categories of trades.
Explore Markets
This platform option gives traders easy access to the most important markets via different filters – raisers, fallers, volatility and volume lists. It is exactly where day traders need to look.
Skilling Trade Assistant
The Skilling Trade Assistant is a tool for new traders that provides immersive visuals and questions about the trading process, making it easy to learn as you go. It’s a trade-focused platform that allows people to create and manage trades, without having to do any of the work.
This is a simple and straightforward feature that would be perfect for someone looking to get into trading quickly.
Skilling Pros and Cons
Pros
Skilling provide a variety of trading instruments and technical solutions for low-risk trading. We offer an extensive range of platforms, as well as advanced tools that make it easy to open an account.
User-friendly trading software
Offering MT4, cTrader and Skilling Trader
Platforms supporting Web, Mobile and Desktop platforms
Fee Report
Technical analysis and no limitation on strategies
Great research tools
Suitable for professional and regular use
Supporting various languages
Cons
On the negative side, there are no multi-currency accounts so fees for funding might be applicable, there is no education, also the international proposal is different to EU regulated one.
Premium trading accounts do not support the MT4 platform.
Is Skilling safe or a scam
Skilling is a safe broker due to its licenses and legal matters, making sure that the company’s operations comply with relevant trading requirements and internationally recognized financial standards that protect clients.
Is Skilling legit?
Skilling was established in Malta and moved its headquarters to Cyprus prior to operating. It also received a Forex trading license from Cyprus Securities and Exchange Commission, which complies with European ESMA standards and protective measures.
Besides that, due to its presence in various countries as well as an established branch in the UK Skilling has been authorized for legal operation within the UK territory too-all this makes Skilling a reliable one!
The fact that it is regulated by authorities of each jurisdiction where they offer their services additionally provides protection from frauds such as identity theft or terrorism financing.
Moreover, there is also a registration certificate issued by an offshore Seychelles authority, yet additional licenses from reputable authorities make Skilling’s operations even more reliable than before!
Leverage
To regulate best forex brokers is also known for the option to leverage positions with the potential to increase your gains and profits-losses can happen in both ways too, which is why leverage is also a power of influence.
That’s why worldwide regulations limit it to certain levels based on who you’re trading through – European regulation lowers allowed leverage for retail clients down to 1:30 while professionals can use higher levels up until 1:200 more examples from Europe below.
The exception to this is if you want access to high-leverage trading without any limitations on Skilling and have an international branch located in Seychelles; then that’s possible. They have an entity with a maximum of 1:500.
While leveraging like this can be great in some circumstances, it is important to remember that they come at a cost – you will have to spend more than anything else would have done.
Account types
There are two types of accounts on the Skilling trading platform: standard and premium. The Standard account will use a spread basis that is offered by both ECN (Efficient Communications Network) and non-ECN networks for execution.
In contrast, Premium Account will offer access to raw spreads and the commission charged per million traded in addition to ECN execution on cTrader proprietary platforms like MT4 or Skilling Trader.
There are currently only two platforms available for the premium plan – cTrader and Metatrader 4. This is not a serious limitation, since day traders can also make use of their proprietary software instead of going with something less desirable such as automated trading systems.
Fees
Trading fees and pricing models mainly depend on spread charge, but be sure to confirm the correct conditions as these vary according to which account type you choose. The platform you use also has a slight impact on how much they are.
Deposits and Withdrawals
Skilling supports various instant deposits and withdrawal methods, which are also offered with no commission charges. The fees depend on the jurisdiction and particular method, as some may be applicable to regulations.
Besides deposit methods vary according to the regulations of each country- not all are available for international clients so do your research before you start any transactions.
Deposit Options
Skilling does not charge any deposit fees or internal charges and you can see your funding in 1 hour if you fund with Trustly or a bank wire, which may take up to 3 business days.
- Bank Wire Transfers, Truly
- Credit Cards, Debit Card’s
- e-wallets Neteller and Skrill
International traders will be able to use a variety of methods, including fasapay, AtroPay, Swish and Directa.
Skilling minimum Deposit
The first deposit on a Standard Skilling account is $100, while the Premium account will require $5000. Additionally, check your margin requirements for each instrument separately – these are usually set to different values for each one.
How to make a Deposit?
Select account
Choose payment method
They will send you a confirmation email once your deposit is received.
Trading Platforms
They offer the choice of a trading platform – you can use industry leader MetaTrader4 or powerful cTrader, plus Skilling Trader is proprietary software developed in-house which is quite advanced as well.
Skilling’s trading platform provides customers with the experience that Skilling has devised. Its browser-based, visually simplistic and easy to use design is clearly in line with the company’s mission of stripping away jargon for easier-to-understand information.
The in-house platform features around 70 indicators, including options such as moving average and MACD so that technical analysis can be done conveniently without digging through charts or accounts on a separate website like most other CFD brokers do these days.
Plus, you get complete account management from the platform itself – managing your balances and history of withdrawals! There are a range of chart styles to suit your preferences when it comes to technical analysis, as well as an online chat service if the need arises.
Web trading
So you have the option of choosing between various platforms since all of them are available on a single account. Yet, the premium account does not support the MT4 platform.
Skilling Traders is specially designed for expert traders and it has its web-based platform as well as an app that allows staying up-to-date no matter where you are.
cTrader and MT4 both have a web version but we recommend cTrader if you are looking for the best option to keep tabs on daily activity without interruption from other tasks or distractions.
Desktop platform
MetaTrader4 is the best choice for any trader since it has been freely available to use and supports automation. The application includes different plugins and tools.
Although cTrader is designed for experienced traders, its sophisticated and powerful capabilities make it good for advanced users as well.
Mobile Trading Platform
Skilling is an app that offers you complete control of your trading experience with mobile platform. The trading platform will satisfy any size or style requirement, which allows for a positive rating by our Skilling Review.
Education
Skilling provides a free Demo account with some good research tools. It also offers the best forex trading platforms, so you can see which is best for you.
Skilling’s education and learning courses are not extensive enough for beginner traders, though; if that is your case we recommend researching other brokers or taking an in-depth course with another provider before making a decision about subscribing to this one.
Conclusion
Overall, Skilling is a relatively new player in the broker game but it has already obtained quite a good reputation and competitive trading conditions. One of the best aspects of its proposal is that it provides users with access to industry-leading platforms or their own proprietary one – all under a single account.
Professionals can get an advanced proposal tailored just for them as well while support staff are fairly responsive. The downside could be a lack of education materials though so complete beginners might need to search elsewhere for webinars and courses on this topic.
