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Skrill

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Forex brokers that support Skrill let traders fund and withdraw from a trading account instantly, in any of Skrill's 40+ supported currencies.

Brokers supporting Skrill

Skrill is a digital wallet, formerly known as Moneybookers, that many forex brokers accept for deposits and withdrawals. It supports over 40 currencies and processes transfers instantly, making it a fast alternative to bank transfers and cards for funding a trading account.

What is Skrill

Skrill has offered online payment and money-transfer services since 2001. It has grown into a global digital wallet provider used across many industries, including forex trading.

Using Skrill for forex deposits and withdrawals

  • Instant transfers: deposits and withdrawals through Skrill are processed immediately, which matters when reacting quickly to market moves.
  • Multi-currency support: Skrill supports over 40 currencies, matching the international nature of forex trading.
  • Security: two-factor authentication adds a layer of protection for traders moving larger sums.
  • Fees: Skrill's fees are generally lower than traditional bank transfers, though converting between currencies adds a cost on top of any fee the broker charges.
  • VIP program: frequent, high-volume users can qualify for lower fees and dedicated support.

Limitations to check before using Skrill

  • Not every forex broker accepts Skrill, so confirm support before opening an account.
  • Some users have reported withdrawal limits that affect larger-scale traders.
  • Account verification can take time, which may delay the first deposit.

Skrill compared to other forex payment methods

FeatureSkrillPayPalNetellerBank transfer
Transaction speedInstantFastInstant1-3 days
FeesLowerHigherModerateHigher
Forex broker acceptanceHighModerateHighVery high
Multi-currency supportExtensiveLimitedExtensiveLimited