Skilling
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Pros and Cons
- Highly regulated by multiple authorities
- Very low spreads on major currency pairs
- Wide range of payment methods
- User-friendly trading platform
- Comprehensive educational resources
- No support for MT5
- Limited PAMM and MAM accounts
- Limited range of tradable assets compared to competitors
- No ZuluTrade integration
Introduction
Skilling is a multi-asset trading platform that has gained considerable attention in the trading community.
Established in 2016, this broker aims to provide traders with a seamless and efficient trading experience.
This comprehensive review will delve into various aspects, including its trading platforms, account types, regulatory environment, customer service, and more.
By the end of this review, you will clearly understand whether Skilling is the right broker for your trading needs.
Open a free accountCompany Overview
- Year Established: 2016
- Headquarters: Level 1, 8A Marina View, Asia Square Tower 1, Singapore 018960
- Regulation: ASIC, CySEC, FCA
- Minimum Deposit: $100
- Leverage: Up to 1:500
- Trading Platforms: Skilling Trader, Skilling cTrader, MetaTrader 4 (MT4)
- Customer Support: Email, phone, live chat
Trading Platforms
Skilling offers three main trading platforms: Web Trader, cTrader, and MetaTrader 4 (MT4).
Each platform is designed to cater to different types of users, providing various features and tools to enhance the trading experience.
Platform | Description | Key Features |
Skilling Trader | A proprietary trading platform suitable for both beginners and experienced users. | Intuitive interface, advanced charting tools, customizable layouts |
cTrader | A sophisticated platform ideal for experienced traders who require advanced tools for their trading strategies. | Advanced order types, automated trading, comprehensive market analysis |
MetaTrader 4 | One of the most widely used trading platforms globally, known for its robust features and extensive support for automated trading systems. | Expert Advisors (EA), comprehensive charting, customizable interface |
Skilling Trader
Skilling Trader is the proprietary trading platform of the company.
It is user-friendly and suitable for both beginners and experienced clients.
Some key features include:
- Intuitive Interface: The platform is designed to be easy to navigate, allowing people to execute trades quickly and efficiently.
- Advanced Charting Tools: Skilling Trader offers a wide range of charting tools to help traders analyze market trends and make informed trading decisions.
- Customizable Layouts: Customers can customize the platform layout to suit their preferences, making it easier to manage their trades.
Skilling cTrader
cTrader is a popular platform known for its advanced trading features and sophisticated interface.
It is ideal for experienced users who require advanced tools for their trading strategies.
Key features include:
- Advanced Order Types: cTrader supports many order types, including limit orders, stop orders, and trailing stops.
- Automated Trading: The platform supports algorithmic trading, allowing clients to develop and implement automated trading strategies.
- Comprehensive Market Analysis: cTrader provides extensive market analysis tools, including detailed charting and technical analysis indicators.
MetaTrader 4 (MT4)
MetaTrader 4 (MT4) is one of the most widely used trading platforms in the world.
It is known for its robust features and extensive support for automated trading systems.
Some key features of MT4 include:
- Expert Advisors (EA): MT4 supports the use of Expert Advisors, which are automated trading systems that can execute trades based on predefined criteria.
- Comprehensive Charting: MT4 offers advanced charting tools and technical analysis indicators to help users analyze the markets.
- Customizable Interface: Traders can customize the MT4 interface to suit their trading style and preferences.
Account Types
Skilling offers a range of account types to cater to different trading needs.
Each account type is designed to provide investors with the flexibility and features they need to succeed in the markets.
Account Type | Minimum Deposit | Spreads | Leverage | Trading Platforms | Demo Account | Islamic Account |
Standard Account | $100 | Starting from 0.7 pips | Up to 1:500 | Skilling Trader, cTrader, MT4 | Available | Available |
Premium Account | $5,000 | Starting from 0.1 pips | Up to 1:500 | Skilling Trader, cTrader, MT4 | Available | Available |
Professional Account | $10,000 | Raw spreads from 0.0 pips | Up to 1:500 | Skilling Trader, cTrader, MT4 | Available | Available |
Standard Account
The Standard Account is suitable for beginners who are just starting their trading journey.
It offers:
- Minimum Deposit: $100
- Spreads: Starting from 0.7 pips
- Leverage: Up to 1:500
- Trading Platforms: Web Trader, cTrader, MT4
- Demo Account: Available
- Islamic Account: Available
Premium Account
The Premium Account is designed for more experienced traders who require additional features and lower trading costs.
It offers:
- Minimum Deposit: $5,000
- Spreads: Starting from 0.1 pips
- Leverage: Up to 1:500
- Trading Platforms: Web Trader, cTrader, MT4
- Demo Account: Available
- Islamic Account: Available
Professional Account
The Professional Account is tailored for professionals who trade large volumes and require premium services.
It offers:
- Minimum Deposit: $10,000
- Spreads: Raw spreads from 0.0 pips
- Leverage: Up to 1:500
- Trading Platforms: WebTrader, cTrader, MT4
- Demo Account: Available
- Islamic Account: Available
Regulatory Environment
The company is regulated by several reputable financial authorities, ensuring a high level of security and transparency for its clients.
The broker is regulated by:
- ASIC (Australian Securities and Investments Commission): Provides oversight and ensures it operates in a fair and transparent manner.
- CySEC (Cyprus Securities and Exchange Commission): Ensures that the company complies with European regulatory standards.
- FCA (Financial Conduct Authority): Regulates the company in the UK, ensuring that the broker adheres to strict financial conduct standards.
These regulatory bodies help ensure that it maintains high standards of operation, providing peace of mind when trading with the broker.
Trading Conditions
Spreads and Commissions
Skilling offers competitive spreads and low commissions, making it an attractive option for those looking to minimize trading costs.
The spreads vary depending on the account type and the trading platform used.
Here is an overview of the average spreads for the most popular currency pairs:
Currency Pair | Standard Account | Premium Account | Professional Account |
EUR/USD | 0.7 pips | 0.1 pips | 0.0 pips |
GBP/USD | 1.0 pips | 0.3 pips | 0.1 pips |
USD/JPY | 0.8 pips | 0.2 pips | 0.0 pips |
Leverage
The platform offers leverage of up to 1:500, allowing users to amplify their trading positions.
However, it is important to note that high leverage can also increase the risk of significant losses.
Therefore, traders should use leverage judiciously and ensure they have a solid risk management strategy in place.
Trading Assets
Skilling provides access to a wide range of trading assets, including:
- Forex: Over 70 currency pairs, including major, minor, and exotic pairs.
- Indices: Major global indices such as the S&P 500, NASDAQ 100, and FTSE 100.
- Stocks: A selection of popular stocks from global markets.
- Commodities: Precious metals like gold and silver, as well as energy commodities like oil and natural gas.
- Cryptocurrencies: Major cryptocurrencies such as Bitcoin, Ethereum, and Ripple.
Payment Methods
This broker supports more than 10 payment methods to facilitate easy deposits and withdrawals.
The available payment methods include:
- Bank Transfer: Secure and reliable, though it may take a few days for the funds to be processed.
- Credit/Debit Card: Instant deposits with Visa and Mastercard.
- E-Wallets: Popular options like Skrill, Neteller, and PayPal.
Customer Support
The company offers excellent customer support to ensure that clients can get assistance whenever they need it.
The customer support team is available via:
- Email: support@skilling.com
- Phone: +44 20 8050 2323
- Live Chat: Available on the website for instant support.
The support team is knowledgeable and responsive, providing quick and efficient solutions to traders’ queries and concerns.
Education and Resources
The company places a strong emphasis on education, providing resources to enhance their trading knowledge and skills.
Some educational resources available include:
- Webinars: Regularly scheduled webinars covering various trading topics and strategies.
- Trading Guides: Comprehensive guides on different aspects of trading, from basic concepts to advanced techniques.
- Video Tutorials: Step-by-step video tutorials that help understand the platform and strengthen their trading skills.
- Economic Calendar: A calendar of upcoming economic events that can impact the markets.
Trading Tools
Skilling offers a range of trading tools to help customers make informed decisions and optimize their trading strategies.
Some key trading tools include:
- Economic Calendar: Provides information on upcoming economic events and their potential impact on the markets.
- Trading Calculators: Tools to calculate potential profits, losses, and margin requirements.
- Technical Analysis: Advanced charting tools and technical indicators to analyze market trends and identify trading opportunities.
- Market News: Up-to-date market news and analysis to keep investors informed of the latest developments.
Security and Safety
This company takes the security and safety of its clients’ funds and personal information seriously.
The broker implements several measures to ensure a secure trading environment, including:
- SSL Encryption: Protects clients’ personal and financial information by encrypting data.
- Segregated Accounts: Client funds are kept in segregated accounts, separate from its operational funds, to ensure they are protected in case of insolvency.
- Negative Balance Protection: Ensures that clients cannot lose more than their account balance, providing an additional layer of protection against significant losses.
Mobile Trading
This broker offers mobile trading apps for both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go.
The mobile apps are user-friendly and provide access to all the features available on the desktop platforms, including advanced charting tools, market analysis, and real-time price quotes.
User Experience
Overall, Skilling provides a smooth and user-friendly trading experience.
The platforms are intuitive and easy to navigate, making it easy for traders to execute trades and manage their accounts.
Its focus on providing a seamless trading experience is evident in the design and functionality of its platforms and mobile apps.
Additional Features
Copy Trading
Skilling offers a copy trading feature, which allows customers to replicate the trades of experienced traders.
This feature is particularly useful for beginners who want to learn from more experienced traders and for those who do not have the time to actively manage their trades.
The copy trading platform is integrated into Skilling Trader and cTrader, making it easy to use and accessible.
Negative Balance Protection
One of the key features is the negative balance protection.
This ensures that investors cannot lose more than their account balance, providing an additional layer of protection against significant losses.
This feature is particularly important for traders using high leverage, as it prevents them from falling into a negative balance in volatile market conditions.
No Deposit or Withdrawal Fees
Skilling does not charge any fees for deposits or withdrawals, making it a cost-effective option.
This policy applies to all payment methods, including bank transfers, credit/debit cards, and e-wallets.
The absence of deposit and withdrawal fees helps traders keep more of their profits and reduces the overall cost of trading.
Comprehensive Market Analysis
Its platform provides comprehensive market analysis tools, including detailed charting, technical indicators, and market news.
These tools help traders analyze the markets and make informed trading decisions.
The market analysis tools are available on all trading platforms, ensuring that people have access to the information they need, regardless of the platform they use.
Islamic Accounts
Skilling offers Islamic accounts for clients who comply with Sharia law.
These accounts are designed to be interest-free, ensuring that they meet the requirements of Islamic finance.
Islamic accounts are available on all account types, providing flexibility for traders who require this option.
Demo Accounts
This broker offers demo accounts for all its trading platforms.
Demo accounts are an excellent way for users to familiarize themselves with the platform and practice their trading strategies without risking real money.
The demo accounts come with virtual funds and access to real-time market data, allowing traders to experience a realistic trading environment.
Comparison with other competitors
When comparing it to other companies in the market, several factors stand out:
- Regulation: Its multi-jurisdictional regulation by ASIC, CySEC, and FCA provides a high level of security and trust, which is a significant advantage over brokers with less stringent regulatory oversight.
- Trading Platforms: Skilling offers a comprehensive range of trading platforms, including its proprietary Web Trader, cTrader, and the widely popular MetaTrader 4. This versatility ensures that users of all preferences can find a platform that suits their needs.
- Trading Conditions: Its competitive spreads, low commissions, and high leverage options make it a cost-effective choice for those looking to maximize their profits.
- Customer Support: The availability of 24/5 customer support through various channels, including live chat, email, and phone, ensures that traders can get assistance whenever they need it.
- Educational Resources: The company’s commitment to education through webinars, trading guides, and video tutorials is a notable benefit, especially for beginners looking to expand their skills.
Advantages
- User-Friendly Platforms: Skilling offers intuitive and easy-to-navigate platforms, making it suitable for traders of all experience levels.
- Comprehensive Regulation: Being regulated by multiple top-tier authorities adds a layer of security and trust.
- Wide Range of Assets: With access to forex, indices, stocks, commodities, and cryptocurrencies, it provides diverse trading opportunities.
- Competitive Pricing: Low spreads and the absence of deposit and withdrawal fees make trading with them cost-effective.
- Educational Support: Hundreds of educational resources help enhance knowledge and improve trading strategies.
Potential Drawbacks
- Limited Advanced Platforms: While Skilling Trader and cTrader are robust, some users might miss the advanced features available in MetaTrader 5, which does not offer.
Skilling’s Vision and Prospects
Skilling is dedicated to continuously improving its services and expanding its offerings to meet the evolving needs of traders.
The company is focused on incorporating innovative technologies to enhance trading efficiency and user experience.
Some of its plans include:
- Expansion of Trading Instruments: The broker aims to add more trading instruments to provide people with even more opportunities to diversify their portfolios.
- Technological Innovations: Skilling is investing in advanced technologies to enhance the functionality of its trading platforms and provide cutting-edge tools.
- Global Expansion: The company plans to expand its regulatory reach and establish a presence in new markets, providing more traders around the world with access to its services.
- Enhanced Educational Resources: It is also committed to expanding its educational offerings, including more advanced webinars, trading courses, and interactive learning tools.
Conclusion
Skilling is a reputable and reliable broker that offers a comprehensive trading experience for traders of all levels.
With its competitive trading conditions, robust trading platforms, and excellent customer support, it stands out as a strong contender in the online trading industry.
Whether you are a beginner looking for a user-friendly platform or an experienced trader seeking advanced trading tools, this broker has something to offer.
By providing a secure and regulated trading environment, it ensures that users can trade with confidence, knowing that their funds and personal information are protected.
Their commitment to education and support further enhances the trading experience, making it easier for investors to achieve their trading goals.
In summary, Skilling is a well-rounded company that caters to the needs of various types of traders.
With its range of account types, competitive spreads, and advanced trading platforms, Skilling is well-equipped to help traders succeed in the financial markets.
Visit official website: www.skilling.comUser Reviews
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Frequently Asked Questions (FAQ)
Is Skilling regulated?
Yes, the company is regulated by multiple authorities including ASIC, CySEC, and FCA, ensuring a secure trading environment for its users.
What is the minimum deposit required to start trading?
The minimum deposit required to start trading is $100.
What trading platforms does it support?
Skilling supports Web Trader, cTrader, and MetaTrader 4, but does not support MT5.
Does Skilling offer a demo account?
Yes, it offers a demo account for users to practice trading without risking real money.
Are there any fees for deposits and withdrawals?
No, the broker does not charge any fees for deposits and withdrawals.
What is the average spread for EUR/USD?
The average spread for EUR/USD is 0.1 pips.
Does it offer Islamic accounts?
Yes, Skilling offers Islamic accounts for traders who comply with Sharia law.
Resources
Our experts
This article has been written, edited and reviewed by the following members of our team:
Last update:September 10, 2025