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4.3
Commission-free trades with competitive spreads from 0.7 pips
Can trade over 800 securities across 17 global markets
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71% of retail CFD accounts lose money.

Skilling review 2024

Investing options: 4.1

Platforms & usability: 4.3

Products, markets, & assets: 4.4

Safety & reliability: 4.8

Deposits & withdrawals: 4.0

Research & analysis tools: 4.2

Fees & costs: 4.4

Education & learning resources: 4

Skilling review Summary

By:
Updated: May 9, 2024
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16 min read
Skilling offers traders a proprietary trading platform for both web and mobile devices. This Skilling review looks at the broker in detail to help you decide if it’s right for you.

Our opinion of Skilling

Skilling is a top broker that caters to both beginners and experienced traders. Compared to other trading platforms we’ve reviewed, Skilling is fairly new. However, in the few years it’s been operating, it has already gained a good reputation in the retail trading industry. 

With hundreds of markets, a choice of trading platforms, and a good selection of trading tools and features, Skilling is an excellent option for anyone looking to take their trading seriously. This Skilling review looks at all aspects of the broker, from its platforms, assets, educational services, and everything in between; we’ve tested and reviewed Skilling to help you decide if it’s the right choice for you.

Skilling highlights

Features Skilling summary
No. of tradable assets 1100+
Min. Deposit €100
ID verification required Yes
Free demo account Yes
Supported assets Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs
Mobile trading app Yes
Web trading platform Yes
Regulatory bodies CySEC
View more > Skilling >

Pros & Cons

Pros:

Commission-free trades with competitive spreads from 0.7 pips
Can trade over 800 securities across 17 global markets
Regulated by the Cyprus Securities and Exchange Commission (CySEC)

Cons:

Can I open an account with Skilling?

Investing options
4.1

What can I do with Skilling?

Using Skilling’s platform, you can trade a range of financial products and securities. Skilling is a Contract For Difference (CFD) and forex broker which provides access to over 900 financial instruments across currency pairs, stocks, indices, commodities, and cryptocurrencies.

Trades can be carried out on Skilling’s web platform and desktop and mobile apps. Skilling focuses on ease of use and simplicity, so there aren’t many advanced features that professional traders have become accustomed to – apart from a trading assistant and indicator/drawing tools.

Skilling was founded in 2016 by fintech industry veterans and officially received its authorisation and licensed entities from the Cyprus Securities and Exchange Commission (CySEC) in 2017, allowing it to offer its services in all EEA countries.

What accounts does Skilling offer?

Skilling offers two main types of accounts, its basic option and premium option. The basic Skilling account is open to anyone, while the premium account can be opened if you meet the $5,000 minimum deposit requirement. Here’s a look at a few other options available to Skilling users. 

Account type Skilling accounts eToro accounts Interactive Brokers accounts
Trading platform Yes Yes Yes
Crypto staking No Yes No
Crypto wallet No Yes No
Money management Yes Yes Yes
Spread betting broker No No No
View more > Skilling > eToro > Interactive Brokers >

Products, markets & assets
4.4

What products and assets can you trade on Skilling?

There are over 900 assets available on the Skilling platform, including stocks, forex, commodities, indices, and cryptocurrencies. Here is a summary of all of Skillings’ trading options. 

Product Skilling assets eToro assets Interactive Brokers assets
Stock CFDs 954 3117
ETF CFDs 317
Forex CFDs 73 49
Crypto CFDs 63 73
Index CFDs 23 20
Commodity CFDs 21 26
View more > Skilling > eToro > Interactive Brokers >

What leverage trading options are there?

Skilling offers leverage up to 1:30 on major FX pairs, which is in line with industry standards.

Here’s a breakdown of the amount of leverage available on Skilling for different products.

Product Skilling maximum leverage eToro maximum leverage Interactive Brokers maximum leverage
Stock CFDs 1:5 1:5
ETF CFDs 1:5 1:5
Forex CFDs 1:30 (Majors), 1:20 (minors) 1:30
Crypto CFDs 1:2 1:2
Index CFDs 1:20 (Major indices), 1:10 (Minor indices) 1:10
Commodity CFDs 1:20 (gold), 1:10 (all others) 1:10
View more > Skilling > eToro > Interactive Brokers >

What are the spreads?

Skilling’s spreads are variable, which means they can fluctuate at different times of the day. Spreads start from a very reasonable 0.1 pips on standard accounts. On premium accounts, spreads start as low as 0.1pips. 

Product Skilling spreads eToro spreads Interactive Brokers spreads
Stock CFDs From 0.1% 0.15%
ETF CFDs From 0.1% 0.15%
Forex CFDs From 0.1 pips From 1 pip
Crypto CFDs From 1% 1%
Index CFDs From 1.5 pts From 0.75 points
Commodity CFDs From 0.4 pips From 2 pips
View all tradable assets > Skilling > eToro > Interactive Brokers >

Skilling trade sizes and limits

Skilling trades can be made from a minimum of 0.01 lots or 1 share, all the way up to €50,000 when maximum leverage is applied. This, again is standard and perhaps even slightly aggressive, given the broker’s orientation towards beginner and intermediate traders. Below is a look at the minimum trade sizes required to open a position on Skilling. 

Product Skilling minimum trade eToro minimum trade Interactive Brokers minimum trade
Stock CFDs 1 share $10
ETF CFDs 1 share $10
Forex CFDs 0.01 lots $33.34*
Crypto CFDs 0.01 lots $10
Index CFDs 0.01 lots $1,000
Commodity CFDs 0.01 lots $1,000
View more > Skilling > eToro > Interactive Brokers >

Stocks

Which stocks are available on Skilling?

Skilling users have access to over 700 stocks from various global exchanges. Here are the different stock exchanges available on Skilling.  

Country No. of stocks on Skilling
United States 400+
Germany 113
Hong Kong 105
France 77
Norway 39
Sweden 36
Mexico 30
Italy 29
Spain 27
Belgium 24
Canada 1
View more > Skilling >

What are the fees for buying and selling stocks?

Skilling advertises commission-free trades, opting instead to make its money on trade spreads. This has become the industry standard and its charges align with what we have seen from many other brokers. For stocks, spreads start from 0.1%. 

Crypto

What cryptocurrency pairs can be traded on Skilling?

Skilling offers CFD trading on over 50 cryptocurrencies. The list of available cryptocurrencies may change occasionally, depending on market conditions and regulatory requirements. Here is a look at some of the top coins available on Skilling. 

Cryptocurrency Cryptocurrency Cryptocurrency
Bitcoin (BTC) Ethereum (ETH) Bitcoin Cash (BCH)
Litecoin (LTC) Cardano (ADA) Tether USDt (USDT)
BNB (BNB) Avalanche (AVAX) Terra (LUNA)
The Sandbox (SAND) Chainlink (LINK) yearn.finance (YFI)
Uniswap (UNI) XRP (XRP)
View more > Skilling >

What are the fees for buying and selling cryptocurrencies?

Skilling charges a taker fee when you place a market order. This starts from 0.1% of the value of the position. It also charges spread, the difference between the bid and ask price. Crypto spreads on Skilling start at 0.05%. 

Does Skilling offer staking and rewards?

No, Skilling does not offer any crypto services, such as staking and rewards. Skilling only offers crypto CFDs for a small selection of pairs.

Forex

What forex pairs can be traded on Skilling?

There are 73 forex pairs on Skilling, including the majors, minors, and some exotics. Here are some of the most popular foreign exchange pairs that can be traded on Skilling.

Currency pair Currency pair Currency pair
USD/AUD EUR/USD USD/GBP
USD/CHF EUR/GBP USD/JPY
EUR/AUD EUR/CHF EUR/JPY
EUR/NZD GBP/AUD GBP/CAD
GBP/CHF GBP/JPY GBP/NZD
AUD/CAD AUD/JPY AUD/NZD
CAD/CHF CAD/JPY CAD/NZD
CHF/JPY NZD/CHF NZD/JPY
USD/HUF USD/MXN USD/RUB
USD/ZAR
View more > Skilling >

What are the minimum spreads for trading forex?

Forex spreads on Skilling are low and start from 0.1 pips for most major pairs. As with other forex brokers, minors and exotics are slightly higher. Spreads are also variable, meaning they can change depending on the time of day, volatility, and other factors. 

Commodities

What commodities can be traded on Skilling?

There are a total of 16 commodities available to trade on Skilling, including the likes of gold, silver, and oil. There is a mixture of pairs also available that trade against the United States Dollar. Here’s a look at all of the commodities available on Skilling. 

Commodity Commodity Commodity
Aluminium Brent oil Cocoa
Copper Corn Cotton
Crude oil Gold Natural gas
Nickel Platinum Palladium
Silver Wheat
View more > Skilling >

What are the minimum spreads for trading commodities?

Skilling has variable spreads, which means the amount you’ll pay will vary. The minimum spread on commodities is 0.01 pips, however, that is only applicable to large volume markets such as gold and oil. For other commodities, such as natural gas and cotton, the minimums are considerably higher.

Deposits & withdrawals
4.0

What are the minimum & maximum deposits?

The minimum and maximum deposit amounts on Skilling vary depending on your payment method. The currency you use can also impact the amount you can deposit. Below are the minimum and maximum deposit amounts for all payment methods on Skilling. 

Payment method Minimum deposit (USD)* Maximum deposit (USD)
Debit/credit card €100 €10,000
Google Pay €100 €10,000
Apple Pay €100 €10,000
Neteller €100 €10,000
Trustly €100 €10,000
Skrill €100 €10,000
Klarna/SoFort €100 €10,000
PayPal €100 €10,000
View more > Skilling >

The minimum deposit varies depending on where you live. For all EU countries, the minimum is €100.

What are the minimum and maximum withdrawals?

When it comes to withdrawing funds, there are no limits for many payment methods. For some, there are limits and in the table below, you can find the minimum and maximum withdrawal limits with Skilling. 

Payment method Minimum withdrawal Maximum withdrawal
Debit/credit card €50 No limit
Google Pay €100 €10,000
Apple Pay €100 €10,000
Neteller €50 No limit
Trustly €100 €10,000
Skrill €100 No limit
Klarna/SoFort €100 €10,000
PayPal €100 €10,000
View more > Skilling >

What are the deposit and withdrawal options fees, limits, and speeds?

Most payment options available with Skilling do not incur any fees when withdrawing money, however, there are a couple that do. Use the table below to learn more about Skillings withdrawal options and costs. 

Payment method Withdrawal fee Withdrawal speed
Debit/credit card Free* Up to 2 business days
Google Pay Free* Up to 3 business days
Apple Pay Free* Up to 1 business day
Neteller Free* Up to 1 business day
Trustly Free* Up to 1 business day
Skrill Free* Up to 1 business day
Klarna/SoFort Free* Up to 1 business day
PayPal Free* Up to 1 business day
View more > Skilling >

The first withdrawal of the day is free. Any subsequent withdrawals are subject to a 2.5% fee.

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71% of retail CFD accounts lose money.

Fees & costs
4.4

How do Skilling fees work?

Skilling advertises commission-free trades, opting instead to make its money on trade spreads. This has become the industry standard and its charges are in line with what we have seen from many other brokers. These are the fees you can expect with Skilling.

Fee Skilling fees eToro fees Interactive Brokers fees
Trading fees No Yes, on certain assets Yes
Inactivity fees No Yes No
Rollover/overnight fees Yes Yes, on CFDs Yes
Withdrawal fees Yes, for certain payment methods Yes Yes, for some payment methods
Spreads Yes Yes, on certain assets Yes
Conversion fees Yes, for certain currencies Yes, for non-USD currencies Yes
View more > Skilling > eToro > Interactive Brokers >

Skilling may charge discretionary non trading fees upon withdrawal

What are Skilling’s trading fees?

Skillings trading fees come from variable spreads. Below are the average fees for all assets available to you on your Skilling account. 

Asset Skilling fees eToro fees Interactive Brokers fees
Stocks From 0.1% 0% commission Commission-free for US exchange-listed stocks
Currencies From 0.1pips From 1 pip 0.08 to 0.20 pips
Cryptocurrencies From 0.1pips 1% 0.5% to 1%
Indices From 1.5 pts From 0.75 pts 0.05% to 0.08%
Commodities From 0.4pips From 2 pips 0.50 to 1.00%
View more > Skilling > eToro > Interactive Brokers >

Platforms & usability
4.3

What devices can I use Skilling on?

Skilling provides easy access to its trading platform from any popular web browser, such as Chrome, Safari or Edge, and via their mobile app for Android and iOS devices. You can access Skilling on.

Device Browser/operating system
Web browser Google Chrome, Microsoft Edge, Mozilla Firefox, Safari
Mobile app iOS, Android
Tablet iOS, Android
View more > Skilling >

Skilling mobile app review

The Skilling mobile app provides access to multiple trading platforms, including MT4, cTrader, and Skilling Trader. This allows you to use your platform of choice right on your smartphone. MT4 is a good option for automated trading with EAs, cTrader offers advanced charting, and Skilling Trader provides an intuitive interface. 

Web trading platform

The most important question any user has is: How easy is it to use Skilling?

Like Skilling’s mobile app, its web-based application is very easy to use and gives you access to all its trading platforms. The web platform adapts to any screen size and provides smooth access to these platforms with unique strengths. 

Having browser-based access makes using your preferred Skilling trading platform on multiple devices convenient. The web platform rounds out Skilling’s technology offering with full account management capabilities alongside its trading platforms.

Desktop trading platform

Skilling’s downloadable desktop application also contains a range of trading platforms – MT4, cTrader, and Skilling Trader. Each platform serves different needs. The desktop app provides a robust and customisable trading experience on Windows and Mac computers. 

With stable, fast performance, it gives traders desktop access to all of Skilling’s platforms in one place. This makes it easy to manage your Skilling account and execute trades efficiently from your primary computer.

Key features

Skilling trade assistant

A wizard designed specifically for new traders with easy-to-follow steps to make your first trade and answer any questions you may have about the process.

Ultra-fast order execution

Industry-leading execution time of 0.05 seconds on average. This means you can react to markets as they move and take advantage of short term fluctuations.

Algorithmic trading

Designed for algorithmic trading strategies and is compatible with C# and .net frameworks allows you to enjoy the benefits of hands-free forex and CFD trading.

Open Demo Account

71% of retail CFD accounts lose money.

Safety & reliability
4.8

Is Skilling safe?

Skilling’s trading platforms are protected through Secure Socket Layer (SSL) encryption, ensuring all customer data is fully encrypted and secure before internet transmission.

All CySEC regulated brokers, including Skilling, have to maintain a minimum operational capital of €730,000. This also includes maintaining client funds in segregated accounts in tier-1 banks, negative balance protection, and a compensation fund to protect individual retail investors up to €20,000.

Is Skilling regulated?

Skilling is a group of entities with licences regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF license No. 357/18.

Region Skilling regulators eToro regulators Interactive Brokers regulators
Africa FSAS
Australasia ASIC ASIC
Asia FCA, SFC, MAS
Europe CySEC FCA, CySEC FCA
International
North America FinCEN SEC, FINRA
South America CNV, CVM
View more > Skilling > eToro > Interactive Brokers >

Skilling customer support review

Skilling provides good customer support through various channels. It has a very informative help centre which answers almost any question you may have. However, if you still have questions, you can contact Skilling’s support team via email, phone, and even WhatsApp. 

Support type Skilling customer support eToro customer support Interactive Brokers customer support
Help Centre/FAQs Yes Yes Yes
Email Yes Yes Yes
Live chat Yes Yes Yes
WhatsApp Yes Platinum, Platinum+, and Diamond members only No
Telephone Yes No Yes
View more > Skilling > eToro > Interactive Brokers >

What are the risks of using Skilling?

The main risk of using Skilling is losing money, however, this risk is largely down to your ability as a trader, as opposed to Skilling’s services. Here’s a look at a few other risks you should consider before using Skilling. 

  • Using high leverage can be risky. Skilling offers high leverage levels up to 1:30. While leverage can increase potential gains, it also amplifies losses if the market moves against your position. The high leverage ratios mean you can rapidly lose more than your account balance when trading with Skilling.
  • Spreads are variable and can widen substantially. Skilling provides access to a range of assets. During high volatility, the bid-ask spreads on these assets can widen significantly. This increases transaction costs since you pay the spread on both the entry and exit of positions. 
  • Rollover costs can eat into profits. Daily financing fees are charged when holding leveraged buy or sell positions open overnight on Skilling. These financing costs will compound over time for long-term positions. So traders need to consider these carrying costs, especially for longer-duration strategies.

Research & analysis tools
4.2

What trading tools are on offer?

The trading tools available on Skilling are fairly limited, especially for beginners. There is some information to help you understand the markets; however, beyond that, there is not much else. 

Trading tool Skilling tools eToro tools Interactive Brokers tools
Charts Yes Yes Yes
News feeds Yes Yes Yes
Analyst recommendations No Yes Yes
Fundamental analysis No No Yes
Financial calendar No Yes Yes
MetaTrader integration No No No
View more > Skilling > eToro > Interactive Brokers >

Educational resources 

Skilling’s educational resources are rather limited, apart from their “What is CFD trading?’ section which covers the basics of the popular form of trading. This leaves a lot to be desired, especially as their stated goal is that “everyone with an interest in financial markets should be able to access and harness their full potential.”

Tools and charting

Skilling’s trading platform couples access to over 900 financial instruments with advanced user-defined customisation options and multiple trade indicators and drawing tools.

Despite touting “industry-leading trading conditions,” Skilling doesn’t elaborate much on the extent of the features it offers traders. The tools and charting services on Skilling seem standard for the CFD trading industry.

Skilling copy

Skilling copy is a trading tool that lets anyone copy the trades of other Skilling users. Copy trading is available to all users on the platform and is especially useful for beginners just starting out. Once you’ve created a Skilling account, you can immediately enrol in its copy program and search for profitable traders. Trades are then copied directly into your Skilling account. 

Education & learning resources
4

What educational resources are on offer?

The educational resources available on Skilling are not as in depth as you’ll find with other online brokerage platforms. However, it does provide a good library of resources which you can use to help improve your skills.

Educational resource Skilling resources eToro resources Interactive Brokers resources
Demo/virtual account Yes Yes Yes
Video tutorials/webinars Yes Yes Yes
Walkthrough guides Yes Yes Yes
Copy trading Yes Yes No
Trading academy Yes Yes Yes
View more > Skilling > eToro > Interactive Brokers >

Education centre

Skilling’s Learning Center is packed with over 100 meticulously researched articles and how-to videos designed to transform anyone into a market master. From the psychology of trading to advanced chart analysis, there is a guide for all levels of trading. Not only will you gain new skills, but you’ll also discover how the world’s best traders think.

Demo account

To really cement your learning, nothing beats hands-on practice. That’s why Skilling offers a risk-free demo account where you can try out strategies with virtual funds. Its demo account mimics live trading conditions, including spreads so that you can practice your skills in a simulated environment with zero risk. 

Live platform

When you’re ready to put real skin in the game, Skilling provides a powerful trading platform designed for clarity and ease of use. Robust charting and analysis tools help you spot opportunities and execute winning trades swiftly. It offers multiple order types and risk management features, putting you in full control.

Skilling video review

Skilling customer reviews

Skilling consistently scores performs well in terms of customer reviews, best exemplified by a near perfect rating for its Android app.

Review source Skilling rating eToro rating Interactive Brokers rating
Trustpilot 4.2 4.4
Google Play Store 4.6 4.1
App Store 4.8 3.8
View more > Skilling > eToro > Interactive Brokers >

Our verdict

Skilling’s breadth of over 900 CFDs across multiple asset classes through its proprietary trading platforms is a robust offering in and of itself. When spreads starting from 0.1 pips and leverage of up to 1:400 for professional traders are also considered, Skilling becomes even more attractive. 

As the platform is authorised and regulated by CYSEC , you can trade with confidence, knowing that your funds are segregated, insured, and secure.

The only area visibly lacking is Skilling’s education resources which is nothing more than a single page covering just the basics of CFD trading. Apart from this, its offering is solid and stacks up well against other similar CFD and forex brokers.

Who is Skilling suitable for?

Skilling is best suited for active traders seeking quick execution across various markets. Its multiple trading platforms provide flexibility. Skilling gives access to thousands of global markets across stocks, forex, indices, commodities, and cryptocurrencies. 

Traders who value having many assets to choose from may find Skilling’s diverse offerings beneficial. The ability to fund accounts and withdraw quickly also suits active traders. 

Is Skilling good for beginners?

Yes, Skilling is a good choice for beginners just starting on their trading journey. It provides access to hundreds of markets, has a range of trading platforms, and has a good selection of educational content. 

However, beginners should be careful with the high leverage available on Skilling. Trading with leverage can be risky, especially if you’re starting out and still learning the ropes. 

Visit Skilling & Create Account

71% of retail CFD accounts lose money.

Our methodology

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We test each broker to provide clear, accessible guidance on the service it offers and how it compares to the 63+ other trading platforms we review. Testing is carried out by our panel of industry experts, analysts, and active traders who sign up to the platform, conduct research, and score the service.

To supplement our practical testing and experience, we research the service to gather any further relevant information and provide context to help you decide whether the broker is right for your investing needs. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

The trading platform is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with the individual brand to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process

Skilling-provided disclaimer

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FAQs

Who owns Skilling?
How does Skilling make money?
Do I have to pay tax on Skilling profits?
Does Skilling offer CFD trading?
How do I sell on Skilling?
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What if I forget my account password?
Can I transfer from my Skilling account into my PayPal account?
What if Skilling closes down while I have open trades?
Can I access my full trading history on Skilling?
Can I pay in cryptocurrency with Skilling?
Does Skilling offer bonuses?


Sources & references
Risk disclaimer
Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.

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