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Compare the best brokers to trade forex with Skrill

Looking for a convenient way to trade forex? You can trade currencies online with a Skrill forex broker.
By: Jonah Keri
Jonah Keri
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He… read more.
Updated: Jul 1, 2021
Tip: our preferred broker is, eToro: visit & create account

Skrill can be a fast and convenient way to trade forex, especially for people who already use Skrill to make everyday purchases. This guide will take you through the pros and cons, and let you know the best forex brokers that you can use that accept deposits via Skrill.

Here are the best forex brokers that accept Skrill

When searching for the best forex brokers, consider multiple factors, such as ease of use, fees, and security. We’ve compiled a list of the top forex brokers that accept Skrill as a method of payment, along with the top features offered by each one.

1
Min. Deposit
$50
Exclusive promotion
user-score
10
Join the Social Trading revolution. Connect with other traders, discuss trading strategies, and use our patented CopyTrader
eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets
Largest number of currency pairs to trade
Start Trading
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro offers a wide range of currency pairs and other trading instruments. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
2
Min. Deposit
$10
Exclusive promotion
user-score
9.3
55+ currency pairs available
Trade on a trusted platform
24/7 support via live chats, email or phone call
Start Trading
Description:
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
Payment Methods
Bitcoin, Credit Card, Debit Card, Visa
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.
3
Min. Deposit
$10
Exclusive promotion
user-score
8.7
Can fund with BTC
64 global companies including Netflix and Amazon
Free deposits and withdrawals
Start Trading
Description:
EagleFX is an online digital asset, Forex and CFD broker providing traders across the globe with cutting edge technology to trade the world’s markets. Our focus has been to change the way people trade Digital Assets and Forex. We are driven to provide traders with incredibly low-cost pricing across all Digital assets, FX, stocks, indices, commodities and futures along with industry-leading 24/7 live customer support.
Payment Methods
Bitcoin, Credit Card, Debit Card, Wire Transfer
Full regulations list:
EagleFX offers leveraged trading on a range of assets within its platform. CFD and Spot Forex trading do carry a degree of risk which may result in you losing more than your initial investment. Please ensure you fully understand the risks involved with leveraged trading and ensure this is not detrimental to your personal or institution's financial well being.

What is a Skrill forex broker?

A forex broker is a service that allows you to trade one foreign current for another. Skrill is an e-wallet platform that enables its users to make payments and money transfers online for a variety of goods and services, including forex trades. Here, we’re looking at brokers that allow you to combine both features. 

Pros and cons

When deciding if you should fund your forex account with Skrill, consider these benefits and drawbacks:

Pros

  • Fast. Skrill purchases often happen within a matter of minutes. So if you already have a Skrill account, you can start trading forex online almost immediately.
  • Easy to use. Once you’ve linked your Skrill account to your forex account, buying forex with Skrill becomes a simple process, requiring only a few quick steps.
  • Low fees. Typically fees are relatively low when funding a forex trading account from your Skrill wallet.

Cons

What are the fees and commissions when using Skrill to trade currencies?

The fees and commissions that come with trading forex with Skrill aren’t high, with transactions generally costing only a couple of pounds. But you may still have to pay up though, as Forex brokers take their biggest cut in the form of the spread offered between the bid and ask prices of the currency pair that you want to trade. 

Make sure to look for forex brokers that offer smaller price spreads when trading forex online.

What to look for when trading forex with Skrill

If the forex brokers you’re considering accept Skrill, the next step is to make sure they offer  great trading service. Consider these factors when choosing a broker that accepts Skrill for online forex trading.  

  • Reasonable price spreads. A broker that offers reasonable price spreads can save you a lot of money over time, especially if you trade forex frequently.
  • Variety of forex trading options. Some of the most popular forex trading options include spread betting, futures, and contracts for difference (CFDs). Look for a broker that offers numerous different trading options if that’s a priority for you. 
  • Number of currency pairs. Some of the most commonly traded currencies on forex exchanges are the British pound (GBP), US dollar (USD), and the euro (EUR). However, there are many more currencies that forex brokers can help you trade, so look for a platform that offers a large number of currencies and trading pairs.
  • Security. A high level of security is essential. You do not want your financial or personal data to become vulnerable or compromised.
  • Great customer service. The best brokers offer fast, helpful, and responsive customer service – sometimes even on a 24/7 basis. That’s a big plus for beginner forex traders who may have more questions about online forex trading.
Find your broker

Is it safe to trade forex with Skrill?

Trading forex with Skrill is usually secure. That said, do your research to ensure that the broker you select offers the highest levels of security. Look for robust encryption features that protect your personal and financial data, and also check what bodies your selected broker is regulated by. 

Our guides and reviews highlight some of the forex brokers that get the highest marks for security, and will help you make the right choice.

Do I need to provide ID I trade currencies with Skrill?

Most likely, yes. Forex brokers tend to follow KYC (Know Your Customer) guidelines. That means you may be asked to provide certain pieces of personal and financial information, as well as some form of identification.

How to fund your currency trading account with Skrill

Different forex brokers may have slightly different procedures for making trades, but most forex brokers follow a similar general framework of steps when it comes to the funding process. Once you’ve set up your Skrill account, you can start trading forex online with a Skrill broker by following these steps:

  1. Find the payments page on your forex broker’s website or app.
  2. Select Skrill as your preferred payment option.
  3. Enter your Skrill account information.
  4. Enter the amount you want to deposit into your forex trading account.
  5. Click confirm.
Sign up & fund account

FAQs

What currencies can I trade with Skrill?
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What other payment methods can I use when trading forex?
What is forex trading?
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What’s the best way for a beginner to learn about forex trading?
What is Skrill?
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OK, I’m ready to choose a broker
Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >
Jonah Keri
Jonah Keri
Financial Writer
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He now writes about stocks, cryptocurrencies, and other… read more.

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