Information
Skilling, a fintech firm based in Scandinavia, was established in 2016, offering STP broker services for both beginner and professional traders. Initially registered in Malta, Skilling later moved its headquarters to Cyprus, with offices also located in Malta and Spain. The company operates under licenses from both the CySEC and FSA, ensuring compliance with European ESMA standards and providing services to traders from the UK, Germany, Sweden, Norway, and other EU countries. Notably, Skilling also holds a license from the Seychelles, expanding its reach to international clients.
Trading Instruments and Platforms
Skilling boasts a diverse trading portfolio with over 800 instruments, including Forex, CFDs on stocks, indices, commodities, metals, and popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. The broker supports various trading platforms such as MetaTrader 4, cTrader, and its proprietary Skilling Trader. Users can choose from these platforms based on their preference and trading style.
Accounts and Leverage
The broker offers two types of accounts: a standard account with zero commission and low spreads, and a premium account featuring fast execution, a fixed commission, and a spread of 0.1 pips. For European retail clients, the leverage is capped at 1:30, while professional traders can access leverage up to 1:200. However, international traders using Skilling’s global offer can use higher leverage levels up to 1:500.
Fees and Costs
Skilling implements a zero trading fee policy across all its products, although spreads still apply. The spreads fluctuate with the market, and the broker also offers negative balance protection to safeguard clients against excessive losses. Additionally, Skilling provides micro lots for traders with smaller budgets or those looking to test the platform with minimal risk.
Additional Features
Skilling stands out with its array of features suitable for both new and experienced traders. These include fast execution speed, a range of trading hours, margin trading, high security, technical indicators, advanced charting, performance analytics, risk management, and educational resources. The broker also offers a copy trading platform, allowing investors to follow successful traders and benefit from their strategies.
Customer Support and Payment Methods
Skilling is recognized for its excellent customer support, providing a responsive live chat service. The broker supports various payment methods, including credit cards, electronic payments like Neteller and Skrill, and wire transfers. Deposits are generally swift, and the broker allows one free withdrawal per month, with a minimum withdrawal amount of £50.
Conclusions and User Reviews
While relatively new in the brokerage landscape, Skilling has quickly garnered a positive reputation for its competitive trading conditions and diverse trading software options. Its commitment to offering a seamless trading experience is evident in its user-friendly platforms and robust customer support. Users generally appreciate the range of instruments, ease of use, and the broker’s regulatory compliance, though some have noted the spreads can be higher compared to competitors.
For a more detailed and up-to-date analysis of Skilling’s offerings and performance, I recommend exploring various sources and user reviews, as this will provide a comprehensive understanding tailored to individual trading needs and preferences.
