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3+ best Skilling alternatives & competitors in 2024

Research the best alternatives to Skilling, compiled using a range of criteria, including cost, security, and user reviews.
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Updated: Jun 16, 2023
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Skilling is a beginner friendly investment platform that offers a range of assets, including cryptocurrencies, stocks, and currencies. With its proprietary trading platform, Skilling has quickly grown into a popular broker for traders and investors. 

Compare the cost of trading and the available range of financial markets to learn if you can trust Skilling, or whether it’s better to find the best Skilling alternative.

Quick take: best alternatives to Skilling 2024

  1. Plus500: Best for international CFD trading*
  2. eToro: Best for beginners, copy-trading & demo-account
  3. Public: Best for sharing beginner trading ideas

Top 10 Skilling alternatives & similar sites

1. Plus500. Best for international CFD trading*

From 0.08%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to CFDs on over 2000 stocks.

Plus500 has something for all types of stock trader, no matter what level of experience. Its zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting.

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% and varies depending on the instrument. Additional fees include overnight funding depending on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. eToro. Best for beginners, copy-trading & demo-account

0% commission

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because you can trade more than 3,000 stocks, commission free. When you buy stocks on eToro, you’re buying the underlying asset, which means you can earn dividends. Or you can trade fractional shares, which means you can invest in even the most expensive stock from just $10.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the stock market every day, browse the latest analyst opinion about every one of those stocks, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: Stock and ETF trades are commission free. Stock CFDs are charged a 0.15% spread and overnight fees can apply. You can deposit money for free but you have to pay $5 per withdrawal, and there’s a minimum withdrawal of $30. A $10 per month activity fee is charged if you don’t log in for a year.

Highlights

Visit eToro eToro Review

51% of retail CFD accounts lose money. Your capital is at risk.

3. Public. Best for sharing beginner trading ideas

public.com logo

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments
You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: There are no fees for investing in stocks during regular trading hours in the US – 9.30am-4pm EST. There is a $2.99 fee for trades outside of regular hours.

Highlights

Visit Review
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

Compare similar apps to Skilling

We have assigned each Skilling alternative a rating to give you an idea of the overall service each trading platform provides. The score, alongside a snapshot of some important features, allow us to quickly summarise Skilling’s top competitors.

SkillingeToroTrading 212City Index
Minimum deposit€50£10£1£100
Trading feesYesYesNoYes
Tradable assets800+3,000+12,000+5,000+
Supported assetsStocks, ETFs, forex, indices, Crypto, stocks,
forex, indices,
ETFs, NFTs
Stocks, forex
commodities, ETFs
Stocks, forex, commodities, indices, cryptocurrencies
Demo accountYesYesNoYes
Invezz rating4.54.63.74.2
Visit site > Visit site > Visit site > Visit site >

How the best Skilling alternative was found

We found alternative stock brokers to Skilling by reviewing what most closely matched Skilling in terms of the business model, licensing & operations, cost of trading, target audience, and financial markets available.

We ranked each alternative on these factors while taking into account all available user-reviews across services like Trustpilot, Reviews.io, and Sitejabber, to find the services that offered similar apps to Skilling.

Here are some more of the features we used to identify the best Skilling alternatives.

  • Best low fee Skilling alternatives. The main cost of using a stock broker comes from trading fees or commissions but there may be other fees as well. We considered the overall cost of using a different trading platform, including inactivity fees, spreads, and conversion fees.
  • Best Skilling alternatives for beginners. Beginner-friendly Skilling alternatives provide an intuitive app and trading experience that helps you make your first steps in trading. The most important feature it must offer is a free demo account, while features like copy or social trading can be useful as well.
  • Best Skilling competitors with similar products. We picked out trading platforms where the markets and number of assets available most closely resembled Skilling. Good Skilling alternatives offer a large, varied range of financial products.
  • Most secure Skilling alternative. All the Skilling competitors we recommend are regulated by top tier financial regulators to protect you and your money. We also look for similar apps to Skilling that are transparent about their finances and how they store customer funds.
  • Best Skilling competitors with highest user reviews & customer ratings. Real life experience of using a trading platform is important. We identified the most popular platforms by comparing those with the best average ratings and most positive user reviews.

Best low fee alternatives to Skilling

You don’t want to switch trading platforms only to pay more for the service. Here’s how Skilling alternatives compare in terms of how they make their money:

SkillingeToroTrading 212City Index
Trading feesYesYesNoYes
Inactivity feesYesYesNoNo
Rollover/overnight feesYesYes, on CFDsNoYes
Withdrawal feesYesYesNoNo
SpreadsYesYes, on certain assetsYesYes
Conversion feesYesYes, for non-USD currenciesNoYes

Best Skilling alternative for beginners

Skilling is targeted towards beginners, so any competitor should provide a helpful experience to new users as well. Here is a comparison of beginner-friendly features available from Skilling’s competitors:

SkillingeToroTrading 212City Index
Free demo accountYesYesYesYes
Video tutorialsNoYesNoYes
Copy tradingNoYesNoNo
Trading academyYesYesYesYes

Skilling competitors with similar products

A Skilling alternative should allow you to invest into a similar range of stock assets and financial markets. That way, you can invest in the same products even if you switch brokers. Here’s how the competitors compare to Skilling:

SkillingeToroTrading 212City Index
Currencies8049180+84
Stocks700+311712,000+4,500+
ETFs700+31712,000+40+
Indices172021
Commodities626274
Cryptocurrencies10735

Most secure Skilling alternative

Regulation is important because it offers you financial protection in the event that something happens to the broker, like a bankruptcy. Here are how the top alternatives fare against Skilling in terms of regulatory protection.

SkillingeToroTrading 212City Index
Africa regulationFSAS
Asia regulationMASMAS
Australasia regulationASICASICASIC
European regulationCySECFCA, CySEC, DNB, AMF, OAM, MFSAFCA, CySEC, FSACySEC
North American regulationFinCEN, FINRA
South American regulation

Best Skilling competitors with highest user reviews & customer ratings

We gathered data from independent review platforms to show what the experience of using a Skilling alternative was like for other people. 

This information can be a useful tool to help you decide which trading platform to use, but remember that there are many reasons why someone might have a good or bad experience with a service – and not all of them are the platform’s fault.

SkillingeToroTrading 212City Index
Trustpilot4.64.44.64
Reviews.io3.0
Sitejabber2.072.0
Choose a Skilling alternative

FAQs

What is the minimum deposit for skilling?
Is skilling a regulated broker?


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.