Read our Skilling review to see if this broker is a scam or legit. Just to clear doubts, this is a skilling.com review.
Skilling, a new forex broker, offers CFDs, stocks, cryptocurrencies, and trading via a browser-based platform or an iOS and Android app. This Skilling review examines the platform, spreads, account types, and customer service. An unlimited demo account allows traders to try out the market before making their first deposit. Skilling is a broker that specializes in no-nonsense CFD trading. CFD brokers are becoming well known these days. This year will do trading differently as this platform promises to do away with the jargon for reliable support. Check out this online broker and the trading platform it uses for more information.
Company Details
Skilling was founded in 2016 and offers CFDs and forex trading worldwide. The platform provides access to trading for users across the EU / EEA with offices in Spain, Malta, and Cyprus. To provide the best customer experience. Skilling has more than 50 skilled developers, technical experts, and marketing professionals working directly on their brand new CFD trading platform to provide them with the best possible service.
Trading Platform
There are three trading platforms that Skilling offers its customers. Besides that, it also has access to two third parties, namely CTrader and MetaTrader 4, and its proprietary software program called Skilling trader. A powerful, simple, and intuitive trading platform is available in the Skilling Trader, catering to beginners and experts alike. Traders can access it via their desktop computers, mobile devices, or web browser.
Trades on the two platforms can be completed seamlessly within one account by integrating the trader with CTrader. Traders looking for a platform that meets the most stringent requirements can rely on Skilling CTrader. Integrating with Skilling provides access to a more powerful trading platform that offers features like coding customization and fast entry, among others.
Account types
Skilling provides traders with two types of accounts for trading.
Standard Account
Most traders will find this account to be ideal. A minimum deposit of £100 is required to open the account. The spreads start from 0.75 pips. The Cyprus Securities and Exchange Commission (“CySEC”) sets leverage limits between 30:1 and 2:1 depending on the asset class of the CFD and the underlying financial instrument.
Premium Account
Professional traders can only open premium accounts if they request it directly rather than by signing up online. This account requires a $5000 minimum deposit. The starting spreads are 0.1 pips, and trading commissions add two pips. A demo account is also available. Demo accounts are discussed in detail on the Skilling website, where one can sign up directly to receive a $10,000 demo account that will never expire.
Payment Methods
Skilling allows traders to deposit money via traditional payment methods into their accounts. The minimum amount required to open a Skilling account is 100 EUR, GBP, USD, or 1000 NOK, SEK. The minimum deposit you need to establish a premium account is 5,000 USD, EUR, GBP, or NOK. With Skilling, you can make payments by bank transfer credit/debit card with Skrill or Neteller. Recently, Swish and Klarna were added as new payment methods.
In the current version of Skilling, payments cannot be made using cryptocurrency or other platforms like PayPal. It’s standard for many online brokers to have these payment options, so it’s not surprising. Skilling does not charge additional fees for deposits made into an account regardless of your payment method.
Deposits and Withdrawals
Skilling supports various instant deposits and withdrawals methods, all without commission, although there may be some fees associated with particular methods. Furthermore, deposit methods may differ based on your country’s regulations, while some may be available only to international users, so it’s a good idea to research these matters.
Customer Support
Aside from exceptional trading conditions, you’ll also get 24-hour customer support in numerous languages, live chat, and email. Skilling scores quite well for its support quality and responding fast.
Safety & Security
Traders’ money and details are safe as all information is encrypted before moving online. Skilling can also react swiftly to any security issues due to the company’s in-house developers and support staff.
Conclusion
Although a relatively new broker, Skilling has gained quite a good reputation among traders. Its best feature is the ability to choose from industry-leading platforms or proprietary ones, which can all be accessed at once and under one account. In addition, the support center offers professional proposals with tailored solutions.
