Skilling

Founded in 2016, Skilling is a regulated CFD instrument broker based in Seychelles. It lets you trade more than 850 financial CFD products, including Forex, stocks, indices, commodities, and cryptocurrencies. Regulated by the Cyprus Securities and Exchange Commission (CySEC) and Financial Services Authority (FSA), the broker is also the official partner of Aston Villa Football Club and constitutes a trustworthy venue for trading via MetaTrader 4, cTrader, and Skilling Trader on the web, desktop, and mobile devices.

Skilling review: key features

Skilling is a regulated trading broker that operates worldwide. It offers over 850 financial instruments in different asset classes on an intuitive and user-friendly trading platform that can be accessed via a variety of trading clients. Other notable features of the broker include:

• Trade forex, crypto, commodities, stocks, indices, and more. Skilling is an excellent platform for traders seeking to gain exposure and experience in different markets by trading over 850 CFDs.
• Competitive spreads. Skilling spreads vary based on your account type, where Standard account spreads start from 0.7 pips, while Premium Accounts start trading from 0.1 pipis with a commission starting from USD 35 per million.
• Regulated broker. Skilling is regulated by CySEC and FSA, which ensure that the broker is trustworthy and reliable.
• Free demo account. Beginners can set up a Skilling demo account. It does not expire and can be easily upgraded to a Standard account.
• Up to 30x leverage. Skilling lets you leverage your trades up to 30x in Europe, and 500x worldwide.
• A wide selection of trading platforms. Access Skilling via the web browser, Skilling trader, Skilling cTrader, Skilling MetaTrader 4, or your mobile phone.

All in all, Skilling is an excellent trading broker that aims at beginners but is also suitable for professional traders. Although its spreads and commissions are not the lowest on the market, they are still very competitive, and its excellent user experience helps you get the most bang for your buck.

Background and history of the broker

Founded in 2016, Skilling offers online CFDs trading for traders all over the globe. The company is Scandinavian-owned and was founded by Henrik Persson Ekdahl, Andre Lavold, and Mikael Riese Harstad of Optimizer Invest. Skilling Ltd is incorporated in Seychelles but has offices in Cyprus, Malta, and Spain. The headquarters of Skilling is in Nicosia, Cyprus, where the company has obtained a CySEC license. Skilling Ltd. is also regulated by the Financial Services Authority (FSA), license no. SD042.

General info

Web address:	Link
Main location:	Seychelles
Daily volume:	0.0 BTC
Mobile app available:	Yes
Is decentralized:	No

Parent Company:	Skilling Ltd
Transfer types:	Bank Transfer, Credit Card, Debit Card,
Supported fiat:	USD, EUR, GBP
Supported pairs:	850
Has token:	-
Fees:	High(Compare rates)

Screenshots

Ever since its foundation, the company has been on a mission to create “a unique trading platform designed to cater to traders of all levels.” The vision of Skilling is “to unlock the potential of the world’s financial markets for everyone.”

Skilling is run by The Skilling Group, an international team of 40 individuals from all over the world. Currently, the core management team of the company includes:

• Michael Kamerman, CEO
• Michalis Karakatsianis, COO
• Fiona Soler, CFO
• Lennart Clausen, Co-Founder, and Head of Trading
• Pavel Spirin, CCO
• Andrew Haigh, CIO
• Christoffer Hartman, Head of Legal

As of 2021, Skilling accepts traders from the following jurisdictions: Afghanistan, Aland Islands, Albania, Algeria, Andorra, Angola, Anguilla, Antarctica, Antigua & Barbuda, Argentina, Armenia, Aruba, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Botswana, Brazil, British Virgin Islands, Brunei, Bulgaria, Burkina Faso, Cambodia, Cameroon, Cape Verde, Cayman Islands, Chad, Chile, China, Christmas Island, Cocos Islands, Colombia, Comoros, Cook Islands, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Djibouti, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Estonia, Falkland Islands, Faroe Islands, Fiji, Finland, France, French Polynesia, Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guatemala, Guernsey, Guyana, Haiti, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Isle of Man, Italy, Jamaica, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lesotho, Liberia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Malta, Marshall Islands, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Myanmar, Namibia, Nepal, Netherlands, New Caledonia, Nicaragua, Nigeria, Norway, Oman, Pakistan, Palau, Palestine, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn Islands, Poland, Portugal Qatar, Republic of the Congo, Romania, Russia, Rwanda, Saint Barthelemy, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Saint Vincent and the Grenadines, San Marino, Saudi Arabia, Senegal, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, South Africa, South Georgia, South Korea, Spain, Sri Lanka, Suriname, Swaziland, Sweden, Switzerland, Syria, Sao Tome and Principe, Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Turkey, Turkmenistan, Turks and Caicos Islands, Uganda, Ukraine, United Arab Emirates, United Kingdom, Uruguay, Uzbekistan, Vanuatu, Venezuela, Vietnam, Western Sahara, Yemen, Zambia, and Zimbabwe.

As a rule of thumb, if your country is on the list of countries during the registration, then citizens of your country are allowed to open an account with Skilling. If your country does not appear on the list, then your jurisdiction is not supported.

As a regulated broker, Skilling requires its users to pass know-your-customer (KYC) and anti-money laundering (AML) checks upon account registration. The procedure includes submitting the following documents:

• Name, surname, date of birth, and country of residence
• Tax identification number
• Full address
• Financial information like annual income, employment status, and source of funds
• Industry and occupation
• Reason for the trading
• Copy of passport or ID card
• Driving license and utility bill

The verification process is usually quick and you can expect to start trading the next business day if everything goes well.

Skilling fees

Skilling has a transparent fee structure, which mainly depends on your account type. The broker charges competitive spreads of 0.7 pips on Standard accounts, while Premium users can trade with spreads that begin at 0.1 pips and a nominal value fee of 0.006%.

Skilling also calculates different swap rates for positions held overnight based on the asset class. These can be found in the Advanced Info tab of the Skilling Trader platform or the Specifications tab in the MetaTrader.

There are no additional withdrawal fees on Skilling, but there are inactivity fees for accounts that have been inactive for more than 12 months. It will cost you an additional 10 EUR fee, so be sure to deactivate your account in case you decide to stop using it.

Design and usability

Skilling attracts users by providing access to a wide variety of assets, including currencies, crypto assets, commodities, stocks, indices, CFD equities, and much more. As such, it is an excellent platform for people who want to try their strategies in a variety of different markets.

Current, it offers the following variety of tradable products:

• Forex. Skilling has over 70 top currency pairs for Forex enthusiasts.
• Indices. Trade more than 15 top indices, including S&P 500, Nasdaq 100, Dow & Jones 30, Germany 30, UK 100, and others.
• Stocks such as Apple, Google, Amazon, Facebook, Tesla, and many others.
• Commodities. Trade a varying amount of commodities, including Gold, Silver, Oil, and Natural Gas.
• Cryptocurrencies. Trade top crypto assets without actually acquiring the underlying asset.

At the moment, Skilling provides access to the following crypto CFDs:

• Bitcoin (BTCUSD)
• Bitcoin Cash (XBNUSD)
• EOS (EOSUSD)
• DASH (DASHUSD)
• Monero (XMRUSD)
• IOTA (IOTAUSD)
• NEO (NEOUSD)
• Litecoin (LTCUSD)
• Ethereum (ETHUSD)
• Ripple (XRPUSD)

When it comes to trading via Skilling, you will notice that it has a dedicated in-house trading platform to provide unique experiences for its customers. It is accessible via browser and has a clean design, which makes trading easy even for novice traders.

The platform features approximately 70 trading indicators, allowing for professional technical analysis as you trade. Besides, you can choose the best visual preferences in chart layouts, access trading history, account balances, and browse markets with ease.

Order placing is neat and easy, too. You can set either a market or limit orders, as well as set stop loss and take profit levels for positions.

Asides from the web browser, Skilling is also accessible via Skilling cTrader, Skilling Trader, and Skilling MetaTrader 4. You can download these apps directly from Google PlayStore or Apple AppStore. The apps feature the same functionalities as the web-based platform, so you can trade wherever you are as long as you have a stable internet connection.

Professional traders might want to access advanced trading features such as automated strategies, copy trading, and custom indicators, which are available if you connect to Skilling via MetaTrader 4 trading terminal.

Beginners might enjoy Skillings Trade Assistant, which is designed to help you place your first trade while explaining the basics of trading.

Demo account

Complete beginners or individuals who want to try Skilling before making a deposit can open its demo account. The demo account gives you a virtual balance of USD 10,000 to test your trading strategies and get a feel of the platform.

This is entirely risk-free, meaning that it’s also a safe zone for newcomers. Unlike with other forex trading platforms, the Skilling demo account has no expiry date.

You can sign up for a Skilling demo account via their website. If you like it, you can upgrade to it a standard account with a single click of a button later on.

Customer support

Skilling has a readily available customer support team that works 7 days per week from 8 AM to 9 PM EET. They can be reached via a variety of channels, including:

• Email: [email protected]
• Webchat on the website
• Help desk
• Phone: Cyprus: +357 2227 6710
• United Kingdom: +44 208 080 6555
• Norway: +47 2195 03000
• Sweden: +46 40 6450 022
• Germany: +49 322 2999 0101

Security

Skilling is a CFD trading broker, meaning that it does not hold the underlying assets that trade on its platform. By opening a position with Skilling, you simply make a bet on whether the price on the underlying asset is going to appreciate or depreciate until you close your position. This mode of trading eliminates numerous risks associated with cryptocurrency custody, so you can be sure that hackers are not going to steal your funds from the platform.

On the regulatory side of things, Skilling is regulated by the Cyprus Securities and Exchange Commission (CySEC), under a license no. 357/18. Obtaining this license requires a high degree of security, which Skilling provides by creating a secure digital environment using SSL data encryption. This protects your personal data, money, and ensures fair trading practices.

Apart from that, Skilling has its own team of developers and support team, meaning that the company is capable of identifying potential issues and promptly fixing them. As such, it is considered to be a relatively trustworthy and secure trading broker.

Deposits and withdrawals

Skilling has numerous commission-free deposit and withdrawal methods that should suit everyone’s needs. The most convenient ones include Visa/Mastercard, Trustly, Skrill, Neteller, Swish, and Klarna.

Unfortunately, Skilling does not support deposits and withdrawals involving cryptocurrencies or e-payment platforms like PayPal.

Skilling covers most of the deposit and withdrawal processing fees on the behalf of the user, but you may still incur fees charged by an intermediate institution or payment services like Skrill or Neteller. A minimum deposit starts from USD 100 or its equivalent in other currencies.

Skilling review: Conclusion

Skilling is a versatile trading platform that is designed for beginners but is suited for professionals, too. It’s filled with educational resources, is easy to use, has a competitive fee structure and a wide variety of tradable assets. Overall, it is one of the most user-friendly CFD trading platforms out there.