Skilling is a high leverage forex brokers built on STP performance. A Scandinavian IT team founded the company, which was initially incorporated in Malta before moving its offices elsewhere. While Skilling has its main office in Cyprus, it also serves the legal branch there and expands its offer through a global organization based in the Maldives.
The broker maintained a balanced trading offer with over 800 trading options and access to the well-liked and potent trading platforms MT4 and cTrader. Additionally, Skilling developed its software, Skilling Trader, ensuring that technical solutions are of a high standard and that trading conditions are open to all parties.
Pros of trading with Skilling
- There are no limits on the quantity and number of requests.
- Availability of an insurance fund in the event of fraud, insolvency, or unavoidable circumstances.
- Private, experienced trading platform for manual trading. Traditional expert adviser trading platforms.
- Exit at a high liquidity level. A substantial increase in trading commission, excluding slippage.
- Indexes are among the more than 750 fund assets.
Cons of Skilling:
For traders without experience, the maximum leverage is 1:30. Cryptocurrency leverage is lowered to 1:2.
On ordinary accounts, high spreads.
Opening an account with Skilling is a simple and uncomplicated process.
You only need to provide your email address and create a password when you register with Skilling the best brokers in the world to gain access to the Skilling dashboard of your account.
Thanks to the trial account’s automated creation, you can practice trading instantly and risk-free.
You only need to provide a photo of one of the following for your account to be officially verified:
- Address proof (bills for utilities, bank statements, etc.)
- Identification proof (passport, identity card, etc.)
Using Bank Id, residents of Sweden and Norway may instantly authenticate their identities.
Regulation and Security Skilling is authorized by the Seychelles Financial Services Authority and the Cyprus Securities and Exchange Commission (CySEC) under license number 357/18
Skilling Ltd. has a passport and is permitted to offer its services to nations in the European Economic Area because it is a broker that is CySEC-regulated.
Additionally, the British Financial Conduct Authority (FCA) has given Skilling Ltd. permission to conduct business in the UK under reference number 810951.
According to the information, a complete UK license can most likely be anticipated in 2022.
Your deposits with Skilling are kept in separate bank accounts with reputable financial institutions, ensuring they can only be used as collateral for your trading activities.
Investor Compensation Fund for Customers of Cypriot Investment Firms (CIFs), which safeguards client assets, is another benefit for consumers who choose the CySEC license.
The abovementioned monies are, as previously indicated, retained in segregated client accounts, as they are forbidden by regulation from being utilized for any other reason than serving as collateral for clients’ trading activity, given a (worst case) hypothetical insolvency or similar occurrence.
Passwords used with Skilling are completely encrypted, and your personal information is kept on secure servers protected from illegal access.
The most often utilized payment method is a wire transfer. This strategy is offered on almost every broker’s service worldwide. The rationale is that wire transfers between banks worldwide are essentially traditional transfers. So, the safety of this procedure is assured. This benefits trader who want to avoid third-party payments or lack credit.
Skrill: Most forex brokers offer Skrill as a choice for online payment services. The primary benefits for traders employing this strategy are quick, simple, and secure transactions. Trading account funding options through Skrill include credit cards, bank wire transfers, and direct deposits from Skrill e-wallet accounts.
Online payments were nonexistent in the early 2000s, but PayPal has been around since 1999 and therefore deserves the title of one of the world’s first e-payment providers. The US-based business is well-liked on numerous web platforms, including those used by forex brokers.
Neteller: Along with PayPal, Neteller is among the most widely used online payment options in existence today
Due to its widespread use, Neteller is now accepted as a payment option by almost all forex brokers for customer fund deposits and withdrawals. Although the Neteller system is accessible practically everywhere, Europe continues to be the region where it is most often used.