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Skrill

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Brokers that accept Skrill — instant funding and withdrawals through a wallet built for cross-border payments.

Brokers supporting Skrill

Skrill, launched in 2001 as Moneybookers and now part of the Paysafe group, is one of the two wallets that dominate broker cashiers. Its appeal is timing: a deposit lands in seconds and a withdrawal typically clears within a business day, against several days for a bank transfer.

How it works with a broker

You fund the Skrill wallet from a card or bank account, then push funds to the broker in the account currency. Withdrawals go back to the same wallet under the same-method rule, which is precisely why brokers like it: the return path is unambiguous and already verified. From there you move money to your bank, or spend it directly on the Skrill prepaid card.

Where the cost actually is

  • The broker usually absorbs the deposit fee and may charge for a withdrawal below a minimum amount.
  • Skrill charges to upload funds from a card, takes a percentage to send money, and applies a currency-conversion margin on top of the market rate that is the single largest cost most traders meet. Keeping the wallet, the card and the trading account in one currency avoids it.
  • Dormancy. Skrill deducts a monthly service fee after a period of inactivity — relevant if you park a balance there between trading spells.

Skrill revises its schedule periodically, so check the current rates in the wallet before assuming last year's numbers.

Verification and limits

An unverified wallet has low sending limits. Full verification — identity document plus proof of address — lifts them and is a prerequisite for most broker withdrawals anyway. Names must match across the wallet, the trading account and the bank account behind them; a mismatch stops the withdrawal at compliance rather than at the payment stage.

Availability

Skrill is not offered in every country, and some brokers exclude wallet funding for clients under specific regulators. Check the cashier of the broker you intend to use rather than the wallet's own coverage map, since the stricter of the two applies.