Skilling Review 2022 | Is Skilling A Good Or Bad Broker?

About SkillingTrading PlatformsSkilling TraderMetaTrader 4 (MT4)cTraderSkilling CopyAssets & MarketsSpreads & CommissionSkilling LeverageMobile AppsDeposits & WithdrawalsDemo AccountDeals & PromotionsRegulation & LicensingAdditional FeaturesAccount TypesBenefitsDrawbacksTrading HoursCustomer SupportSafety & SecuritySkilling VerdictAccepted CountriesAlternatives to SkillingFAQHow Does Skilling Broker Get Paid?Does Skilling Broker Have Certification?Does Skilling Broker Have The Lowest Fees?Where Can I Find More Skilling Broker Information?Does Skilling Broker Have Contract For Difference (CFD) Trading?

Skilling is a CFD, forex, stock and cryptocurrency broker, offering trading via a bespoke browser-based platform or iOS and Android apps. Our 2022 review looks at the platform, spreads, account types and customer service, among others. Find out whether to open a account and start trading.

About Skilling

Originating in 2016 and with multinational offices in Spain, Malta and Cyprus, the brokerage provides trading services to investors across the EU & EEA.

Created with the goal of developing a comprehensive, easy-to-understand trading platform for everyone, the Skilling group has a team of dedicated developers, specialists and marketers working to ensure the best possible experience for users. The firm also caters to a broad audience, advertising their services as simple enough for beginners while remaining useful for experienced traders. Over 900 instruments are available alongside spreads from 0.1 pips.

The company is regulated by the Cyprus Securities & Exchange Commission (CySEC), the UK Financial Conduct Authority (FCA), and the Seychelles Financial Services Authority (FSA).

Trading Platforms

Skilling Trader

Skilling’s in-house platform features multiple indicators, including options such as moving average and MACD, allowing for convenient technical analysis. A range of chart styles are also available to suit to the visual preference of the investor, plus complete order management with access to previous trades, account balances and withdrawal history.

One particularly useful feature is being able to analyze historical trading patterns versus other portfolios. By looking at historical data, traders can make better predictions, such as 5, 7 or 10 day forecasts.

When compared to other solutions, investors have faster access to data, more customizable elements, a range of filters and the ‘Explore Markets’ function – helping clients find the right trades quickly.

Thanks to its browser-based format, Skilling’s trading platform is available on every major browser. It also functions on mobile, with specific iOS and Android apps.

Skilling Trader

MetaTrader 4 (MT4)

The popular MT4 platform is available to download on the broker’s website. The WebTrader version is also provided, alongside a mobile app.

MT4 offers 200+ instruments alongside fast execution speeds, Expert Advisors (EAs) for automated trading, plus ample charting tools including 2,000 customizable indicators. MetaTrader 4 is the most popular trading platform on the market and will meet the needs of beginners and seasoned traders.

MetaTrader 4


cTrader is an advanced platform designed to satisfy the needs of beginners and experienced investors alike. It provides fast entry and execution, advanced charting tools, order types, level II pricing and more. Additionally, it has a user-friendly interface and clients are able to invest via web browser, mobile phone, or by downloading the software from the broker’s website.

When compared to MT4, cTrader provides three different levels of market depth, whereas MT4 only has one.


Skilling Copy

This is a copy and social trading service with over 1000 strategies available to users. Copy trading works by allowing newbies to mirror the positions of successful investors. The strategy provider will, in exchange for their effort, take a fee.

The system is web-based and integrated into the cTrader platform with in-depth performance statistics available to help clients research. Users are able to view the track record of strategy providers as well as their performance results and trading style.

Skilling Copy

Note, TradingView integration is also possible when you open a live account.

Assets & Markets

Skilling offers a wide range of assets:

Commodities – 14 commodities including gold, silver, oil and gas
Currencies – Over 70 different currency pairs including USD/CAD, GBP/PLN, EUR/JPY and GBP/AUD
CFD Equities – 700 different options available including Amazon, Apple, Tesla and Uber
Indices – 17 different indices including AUS200, VIX and SPA35. Users that wish to trade HKComp and DE30 are able to instead invest in HK50 and DE40

While using Skilling, our experts were disappointed to see that cryptocurrencies and bonds are not available. However, there is enough variety for investors looking to increase the versatility of their trading portfolio.

Spreads & Commission

Spreads start from a reasonable 0.7 pips on Standard accounts, while Premium accounts, with a minimum deposit of $5,000+, can access spreads from 0.1 pips.

Commissions are not charged on the Standard account, however the Premium option incurs a fee of $35/million dollar volume traded on forex and precious metals.

A full list of fees is provided for all assets on the broker’s website, along with swap rates.

Skilling Leverage

As per ESMA regulations, the maximum leverage is 1:30. As such, forex majors are available with 1:30, forex minors 1:20, metals 1:20, major indices 1:20, minor indices and commodities 1:10, and shares go up to 1:5. The stop-out level on all accounts is 50%.

Leverage increases your exposure to the markets, but it also brings risk, so proper risk management is necessary.

Mobile Apps

The broker offers the Skilling Trader, MetaTader 4 and cTrader platforms on iOS and Android devices. You can find the download links on the official website, or by going directly to the Apple App Store or Google Play.

The applications allow investors to open and close positions on the go. Users can also make deposits and withdrawals and contact the Skilling customer support team.

All mobile apps are free to live account holders.

Deposits & Withdrawals

The minimum deposit is 100 EUR, GBP, USD or 1000 NOK, SEK for Standard Skilling accounts, while Premium accounts have a higher minimum limit of 5,000 EUR, GBP, USD or 50,000 NOK, SEK.

Payment methods supported by Skilling include bank transfer, Visa or Mastercard debit and credit cards, plus e-payment options such as Skrill, Swish, Klarna, PayPal and Neteller. The firm does not currently support cryptocurrency payments.

In general, deposits and withdrawals are free, but the broker reserves the right to charge a fee of up to 2.9% for transactions using Neteller and Skrill.

Demo Account

The online broker also provides a demo account. The practice account is equipped with a virtual balance of $10,000 and allows potential customers to get a feel for what real investing with Skilling is like.

This account is risk-free and provides a safe virtual location for testing strategies, improving knowledge and introducing newcomers to exactly how trading works.

The demo account is available following registration with no expiry date. Interested potential customers can sign up via the website, and can easily upgrade from a demo profile to a Standard account by completing account verification.

Deals & Promotions

Due to the regulatory measures laid out by the CySEC, brokers cannot offer bonuses or promotional offers to new customers in EU / EEA countries.

Instead, focuses on providing transparency in its payments, functionality and design. The selection of third-party tools and copy trading functionality is also a plus versus competitors.

Regulation & Licensing

Skilling is fully regulated and authorized by the Cyprus Securities and Exchange Commission (CySEC). To broaden its global reach, the company is also regulated by the Financial Conduct Authority (FCA) in the UK and the Financial Services Authority (FSA) in Seychelles.

Negative balance protection is provided and client funds are kept in segregated accounts. Overall, our experts are comfortable that is a legitimate trading brokerage and not a scam.

Additional Features

Skilling offers several useful extras:

Skilling Trade Assistant – provides questions newbies should ask when opening a trade
The Help Centre – clients can have their questions answered on payment methods and account usability
Explore Markets – gives investors swift access to the most important markets via a range of filters – risers, fallers, volatility and volume lists
News – the dashboard features an easy-to-follow user interface, including the Skilling Academy, in addition to relevant selected news stories to provide further insight into trading markets
The Watchlist – a clear view of trading instruments, including their country of origin and popularity. The addition of a search bar allows for additional functionality. The Watchlist can also be customized by the investor to monitor specific assets or types of trade

Note, Skilling’s broker and trading guides can be accessed upon login. However, the majority of blog articles are available to anyone.

Account Types

Our experts found that Skilling offers several live accounts:

Standard Account – the account for the majority of traders registering with Skilling. It requires a deposit of at least 100 €/£/$ or 1000 NOK, SEK to open. The standard spread is 0.7.
Premium Account – this account is designed for experienced traders, and must be requested directly through Skilling. The minimum deposit is 5,000 EUR/USD/GBP or 50,000 NOK, SEK. Spreads start from 0.1 pips.
MT4 & MT4 Premium – these options are only available on the MT4 platform and mirror the conditions of the previous accounts. For example, the MT4 account has the same trading conditions as the Standard account in terms of spreads and minimum deposits; and the MT4 Premium duplicates the conditions of the Premium account. Note, the MT4 accounts also come with less stocks and shares, plus less commodities.

Several account variations are also provided: Corporate (Entity), Swap-Free and MAM / PAMM (Multi Account Manager / Percentage Allocation Management Module).


While using Skilling, several advantages stood out:

Micro-lot trading
Scalping supported
Spreads from 0.7 pips
Multi-regulated broker
Negative balance protection
900+ assets and 4 trading platforms
No commissions on Standard and MT4 accounts
Multilingual support team from across the EU, Asia and the Americas


When we used, we also found several downsides:

No bonuses
No cryptocurrencies
No MetaTrader 5 (MT5)
Premium accounts only available to select individuals

Trading Hours

Skilling’s trading platforms are available 24 hours a day, 7 days a week. However, keep in mind that certain markets are only opened at specific times. A full list is provided on the official website.

Customer Support

Contacting Skilling is easy, with readily available details and customer support lines open every weekday. The team can be contacted via instant web chat or through the help desk portal. Alternatively, the following details are provided:

Email –
Phone number for HQ office in Cyprus – +357 2227 6710
Toll-free telephone number for UK – + 44 208 080 6555

You can also find links to their official social media accounts, such as Twitter, on their website.

Safety & Security

The brand conforms to regulatory requirements surrounding client account segregation. This means investors’ funds are kept separate from the company’s capital. In addition, holds an Investor Compensation Fund (ICF) membership.

Skilling’s online trading platforms are protected through a Secure Socket Layer (SSL), ensuring all customer data is fully encrypted before transmission via the internet. This means customers are also kept safer from cybercrime and fraud in regards to both their trades and deposited money.

Skilling Verdict

Skilling is a good all-round broker that offers over 900 assets and spreads from 0.1 pips. Tight regulation by the CySEC, FCA and FSA further adds to its appeal. However, the brand is best suited to beginners, owing to its user-friendly web platform and copy trading solution. Alongside these, the selection of educational materials will help new investors get started.

Accepted Countries

Skilling only accepts traders from Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Iceland, Latvia, Lithuania, Luxembourg, Liechtenstein, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom, Norway, China, Russian Federation, Thailand, Cayman Islands, Philippines, Viet Nam.

Alternatives to Skilling

If you are looking for alternatives to Skilling we have compiled a list of the top 5 brokers that are similar to Skilling below. This list of brokers like Skilling is in order of similarity and only includes companies that accept traders from your location.

Pepperstone – Pepperstone offers CFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5 and cTrader platforms.

AvaTrade – Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4/5, Web Trader, Mobile App, Vanilla options and Social Trading. +1250 Financial Instruments, Educational content and multilanguage customer support active 24/7. 20% Welcome bonus available on allowed countries.

TMGM – TMGM is a competitive forex and CFD broker with a wide range of instruments, features and tools provided at low-cost.

FXPrimus – Speculate on traditional and emerging financial markets via MT4, MT5 and cTrader. FXPrimus is multi-regulated and offers leverage up to 1:1000 alongside monthly promotions.

Axi – Axi is a global online FX and CFD trading company, trusted by investors around the world. Highly leveraged trading opportunities plus a $0 minimum deposit make it popular with beginners and seasoned traders.


How Does Skilling Broker Get Paid?

Skilling’s business model means they make most of their money through spreads and commissions. This is in line with competitors and importantly, the brokerage still offers low-cost trading opportunities. Spreads start from 0.1 pips while commissions come in at $35 per million traded.

Does Skilling Broker Have Certification?

Yes, the company is regulated by the Cyprus Securities & Exchange Commission (CySEC), the UK Financial Conduct Authority (FCA), and the Financial Services Authority (FSA) in the Seychelles.

Does Skilling Broker Have The Lowest Fees?

The firm has some of the lowest spreads and fees in the industry alongside a multitude of free deposits and withdrawal options. See our list of top brokers with low fees to see how Skilling compares to other big brokerages.

Where Can I Find More Skilling Broker Information?

You can check the official website for the latest updates. Alternatively, head to their social media channels for news on promotions, platform upgrades and new investing tools.

Does Skilling Broker Have Contract For Difference (CFD) Trading?

Yes – Skilling offers CFDs on 800+ instruments including forex, stocks, indices, plus hard and soft commodities. Clients can start trading CFDs with a €100 minimum deposit.

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