The webs most detailed Skilling review: This new Scandinavian broker with double regulation from CySEC and FCA is breaking ground with a new beginner-friendly platform. Their goal is to make CFD trading available for anyone, but have they succeeded? Our expert decided to make a complete review of Skilling to see what is going on. Keep reading to learn everything you need to know about this broker.
In this section of our Skilling review we highlight 6 special features that deserves extra attention.
Skilling is a Scandinavian-operated CFD trading platform with offices in Cyprus, Malta, and Spain. This is a very modern broker which launched back in 2017 and is still considered as a new platform by Tradingbrowser standards. The operating company behind this broker is called Skilling Ltd and its headquarter can be located at 62 Athalassas Avenue, Strovolos, CY-2012 Nicosia, Cyprus.
The goal at Skilling is to make trading accessible for anyone. It is a very minimalistic CFD broker which is incredibly easy to navigate thanks to the stylish northern design. Skilling is the official sponsor of Aston Villa Football Club and Magnus Carlsen is the global ambassador for the broker which is kind of cool. It’s a regulated broker in both EU and the rest of the world with several different languages which makes it available for most traders globally.
Why use Skilling
Skilling is a pure day trading broker with three different professional platforms available. Scalping is allowed and with the ultra-fast execution speed, I can assure you that you won’t suffer any lags or big slippage while trading on Skilling. There are several account types that make trading possible in all shapes and sizes. Choose between Standard, Premium, and MT4 accounts depending on your needs and goals.
If you are looking for a new, modern, and fully regulated platform with high security to trade forex, stocks, indices, commodities, and cryptocurrencies then you will definitely enjoy skilling.
Trading on Skilling
Skilling has three different trading platforms, the standard web platform, cTrader, and Metatrader 4. The web trader interface is great for beginners and it features charts from Tradingview and real stop loss and take profit orders that are easy to use. The other platforms are more suited for experienced traders and both have complex tools and order selections.
Zero trading fee is what Skilling is promoting and it’s true for all account types. The way they make money is through the spread which is constantly fluctuating with the market. Connected to your trades is the performance analytics page where you can see all your activity like recent trades, winners, losers, PnL per asset, and volume. This is great to keep track of your performance and the interface is very beginner-friendly.
Leverage is available for all traders on Skilling with a limit of 30x for retail customers and 200x maximum for professional clients. There is also an option to sign up as an institutional trader if you are a professional. Paper trading is an option with the free demo account.
Payment methods and limits
Skilling covers most of the Scandinavian needs and many of the global payment providers. Available payment methods on Skilling are VISA, Mastercard, Neteller, Trustly, Skrill, Klarna, and Swish. The minimum deposit on Skilling is $100 and the minimum withdrawal is $50. There is no maximum withdrawal limit, it all depends on the size of your account.
Things we don’t like
Skilling is very complete and the only thing I see missing is news flow in the different markets. This is not a huge miss but it’s something I know traders want to see, along with a good economic calendar.
About the special features on Skilling
Skilling has a lot of different tools available for both beginners and experienced traders. It is not as rich as many of the bigger players in the game but it’s working to becoming a well-known name in the industry. They offer very fast execution speed with low slippage and low latency which is perfect for day traders. They have a fantastic trading app where you can access all products with the same low fees as on the desktop platform. Leverage and margin trading is available on different scales depending on if you are a retail client or a professional client. The cTrader platform is an option if you are familiar with that or if you want to explore more complex ways of trading the markets.
Zero trading fee
Skilling offers a $0 trading fee on all products and this is something we definitely see as a huge plus when day trading. However, there is a spread on all products and this is how the broker earns a small fee. The spread is constantly fluctuating along with the market.
Negative Balance Protection
With negative balance protection, your account will always be guarded against the worst possible outcome of a bad trade. In the event that the market collapses and takes your position down into a black hole, the negative balance protection will liquidate the account before it turns negative. This saves you from being in debt to the broker and it’s a must-have for any reputable CFD broker.
Micro lots are great for smaller traders with a smaller wallet or if you want to test-drive the platform in a real environment with minimal risk. Micro lots is the smallest possible position size you can trade on Skilling.
Great live chat
I am very impressed with the live chat on Skilling. No name and no email required. Just click the chat symbol in the bottom right corner and you will be in contact with a customer support agent in less than a heartbreak. I tried the live chat and Niclas responded within 15 seconds of my standard “hello” message. This is a very sought-after feature on good forex brokers and it always increases the rating on Tradingbrowser.
This is a great tool where you can screen the market for daily gainers, losers, highest volatility, and different sectors. The main thing you would like to filter for here is the top volatility where you can find the daily movement if you are a day trader. There is usually always movement somewhere in the market, the trick is to find it and ride the wave.
Is Skilling safe to use?
Skilling is a safe place to trade since it’s supervised by two governments. This increases its trustworthiness with us and it has earned an excellent rating on Tradingbrowser.
Is Skilling regulated?
Yes, it is regulated in two different regions. It is regulated in the UK by the Financial Conduct Authority (FCA) and in Cyprus, it is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Frequently asked questions
Read the most frequently asked questions about Skilling. Find answers without searching the web.
This is definitely a trusted CFD broker and we highly recommend that you try it out if you are looking for a new place to trade Forex, Stocks, Indices, Commodities, or Cryptocurrencies.
There are three steps to make a withdrawal after you log in and click the "Withdrawal" button. First, select your account. Second, enter the amount and click confirm. Third, an email will be sent when the withdrawal has been approved.
Skilling has zero trading fees in all markets and all products. Instead, there is a spread you need to pay to enter and exit the market. This is how the broker makes money.
The headquarter is registered at this address 62 Athalassas Avenue, Strovolos, CY-2012 Nicosia, Cyprus.
No, unfortunately, all US citizens are prohibited from creating an account.