Skilling.com Review

Overall, Skilling.com can be summarised as a reliable broker and is considered low-risk with competitive trading fees and spreads. Skilling.com has an overall trust score of 60 out of 99. Skilling.com offer 900+ top CFD instruments across 7 asset classes

Skilling.com at a Glance

Overall Rating

• 3.1/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 100

Regulators

CySEC

Trading Platform

Proprietary Platform

Crypto

Yes

Total Pairs

73

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our Skilling below.

Skilling.com review –  19 key point quick overview:

1. Skilling.com at a Glance
2. Skilling.com Overview
3. Skilling.com Safety and Security
4. Skilling.com Sign-Up Bonus
5. Skilling.com Minimum Deposit
6. Skilling.com Demo Account
7. Skilling.com Leverage
8. Skilling.com Accounts
9. Skilling.com Fees, Spreads & Commissions
10. Skilling.com Deposit and withdrawal
11. Skilling.com Trading platforms
12. Skilling.com Best Countries by Traders
13. Skilling.com Current Popularity Trend
14. Skilling.com vs Exness vs XM – a Comparison
15. Skilling Pro and cons
16. Skilling.com Customer Reviews
17. Skilling.com Conclusion
18. Skilling.com Disclaimer
19. Frequently Asked Questions

Skilling.com Overview

According to research in South Africa Skilling.com is a brokerage with offices located in Cyprus, Malta, and Spain and offers its services mostly to the residents of Sweden, Norway, Germany, and the United Kingdom.

SKILLING.COM was launched in 2019, then known as Finovel Cyprus Ltd., and has its headquarters in Nicosia, Cyprus.

It is licensed with CySEC and customers can trade currency pairs, CFDs on crypto, indices, commodities, and equities with a leverage of 1:30.

The broker provides its own platform and multiple payment methods. Their official website can be used in German, Swedish, Norwegian, and English.

Skilling.com presents itself as a market maker and where orders have to be executed at third-party venues, Skilling.com acts as an agent for a client.

Skilling.com Safety and Security

One of the best benchmarks to measure the safety of a broker like Skilling.com is to establish which regulating authorities are watchdogs over its actions.

Skilling.com is regulated by the Cyprus Securities and Exchange Commission (CySEC), and has to meet a number of requirements such as segregated client accounts, regular reporting on transactions, maintaining a minimum capital of EUR 730 000, and participation in the Investor Compensation Fund (ICF).

Skilling.com Sign-Up Bonus

Skilling.com does not offer new traders a sign-up bonus or also known as a welcome bonus when signing up.

Skilling.com Minimum Deposit

The minimum deposit amount required to register a Skilling.com trading account is $10. This minimum deposit is equivalent to R160 ZAR at the current exchange rate between the  South African Rand & United States Dollar.

Skilling.com Demo Account

Skilling.com does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Skilling.com demo account does not have a specific expiry date.

Skilling.com Leverage

Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

Skilling.com offers a maximum leverage ratio of 1:30 according to regulations of the European Securities and Markets Authority (ESMA). The broker only allows professional traders to use a leverage ratio above 1:30 if they pass the appropriate tests required by law.

Overall Rating

• 3.1/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 100

Regulators

CySEC

Trading Platform

Proprietary Platform

Crypto

Yes

Total Pairs

73

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Skilling.com Accounts   

A forex account at Skilling.com is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.

Skilling.com offers the following types of accounts: Standard Accounts and Pro Premium Accounts.

This is a narrow choice with a high difference between the minimum deposits required. For the Standard Account, $50 or EUR is required and for the Pro Premium Account, it is $50 000 or EUR.

With the Standard Account, a trader can trade micro-lots. The Pro Premium Account charges a commission of 0.004% on the nominal value traded.

Spreads start from 1,6 pips for the Standard Account, and with the Pro, Account spreads are said to start at 0,4 pips, but the trading commission adds another 0,4 pips to it, making it 0,8 pips.

How to open a Skilling.com account

1.  Step 1 – Register an account

Navigate to the Skilling.com website and select the option to open an account on the homepage.

2.  Step 2 – Sign up for an account

Complete all personal information requested for the account to be registered.  sign.

3.  Step 3 – Verification

Traders will receive a verification email to confirm that the account has been registered and the required login details. Traders can then navigate back to the website and select the Login option to start trading.

Market instruments

The most popular market instruments available from most brokers for trading include:

Forex

Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.

Commodities

Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management.

Indices

Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market.

Precious metals

The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.

Energy

The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.

Cryptocurrencies

Bitcoin (BTC) is the digital currency with the largest market capitalization.

Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability

Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.

Ethereum (ETH) is the second largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.

Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as a new version of the blockchain with different rules.

Skilling.com offers the following of the above: More than 300 financial instruments including 73 currency forex pairs, Contracts for Difference (CFDs) on 5 commodities, , shares, 17 major indices, gold, silver, natural gas, WTI Oil, Brent, and 5 of the most popular cryptocurrencies – Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple.

Skilling.com offers over 148 US equities, 37 Sweden equities, 18 Norwegian, 26 from Germany, and 3 Canadian equities.

Skilling.com Fees, Spreads & Commissions

Cost depends on different factors, like spread and margins, and Skilling.com clients may also experience different fee structures according to their country or place of residence.

The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.

Margin is the amount of money required in your account in order to open a position. The margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.

Skilling.com does not charge deposit fees and offers one free withdrawal per month. A fee of 12.50 EUR is charged on additional withdrawals and a fee of 2% if there was no recent trading activity on the account.

Accounts inactive for 12 months are charged a 10 EUR inactivity fee.

The spreads on Standard accounts start from 1.5 pips on EUR/USD.

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#1

4.8/5

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#2

4.7/5

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4.4/5

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#6

4.0/5

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4.7/5

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4.8/5

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4.5/5

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#10

4.9/5

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Skilling.com Deposit and withdrawal

Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.

In the case of Skilling.com traders can open a live standard trading account with a deposit of $50 or EUR. The minimum deposit requirement is 50 000 USD or EUR for the Pro Account.

Skilling.com accepts payments with e-wallets Skrill and Neteller, major cards like VISA and MasterCard, and bank wire.

Both trading accounts can be opened with EUR, GBP, USD, NOK, and SEK.

Withdrawals can be done with credit/debit card, Wire transfer, Neteller, and Skrill and are processed the same day. The minimum withdrawal amount is 50 EUR or equivalent currency.

Small print indicates a withdrawal fee of 12.5 EUR for all of the payment methods, and with Neteller or Skrill, you will have to pay 2.0% and 2.6% respectively if you have not traded for some time.

Skilling.com Trading platforms

The forex trading platform provided by Skilling.com to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.

Skilling.com provides its own web-based platform called the SKILLING Trade Platform.

There is no information about the trading platform on the broker’s website though, except for mentioning that it is compatible with Laptops and PC (Mac and Windows) and the supported browsers for the web-based platform are Chrome, Firefox, and Internet Explorer.

Skilling.com Best Countries by Traders

Skilling.com Current Popularity Trend

According to Google Trends, here is an overview of how frequently the search term – “Skilling.com” is entered into Google’s search engine over a given period of time.

Skilling.com vs Exness vs XM – a Comparison

Skilling Pro and cons

Skilling.com Customer Reviews

Had problems with the KYC process

Had problems with the KYC process, asked for help on the chat and it was really fast and kind service!

Amazing platform for beginners and…

Amazing platform for beginners and qualified customer support. Definitively recommended.

Great customer service and wonderful product.

Great customer service! The customer service department is helpful and they are very friendly. Besides, the platform offers a wide range of CFD products, you should try it yourself.

Skilling.com Conclusion

Overall, Skilling.com can be summarised as a reliable broker and is considered low-risk with competitive trading fees and spreads. Skilling.com has an overall trust score of 60 out of 99. Skilling.com offer 900+ top CFD instruments across 7 asset classes

The Skilling.com website offers very little information about the broker and its service and features.

Skilling.com holds a CySEC license, offers a selection of assets, and is transparent about its pricing and fees.

Skilling.com does not support MetaTrader 4 platform but uses its own proprietary platform.

Overall Rating

• 3.1/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 100

Regulators

CySEC

Trading Platform

Proprietary Platform

Crypto

Yes

Total Pairs

73

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

Skilling.com Disclaimer

Skilling.com warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.

Before deciding to trade with Skilling.com, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

Skilling.com warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence Skilling.com cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

You might also like: Skilling.com  Account Types

You might also like: Skilling.com  Demo Account

You might also like: Skilling.com Fees and Spreads

You might also like: Skilling.com  Minimum Deposit

You might also like: Skilling.com Sign Up Bonus

Frequently Asked Questions

What are the advantages of trading with Skilling.com?

Advantages include regulation, commission-free trading available, tight spreads, low minimum deposit, no deposit and withdrawal fees, no expiration date for the demo account and excellent customer support

Does Skilling.com offer leverage?

Yes, Skilling.com offers leverage of up to 1: 500

Is Skilling.com regulated and by whom?

CySEC closely regulates Skilling.com.

What is the overall rating out of 10 for Skilling.com?

Skilling.com has an overall rating of  6/10

For which traders is Skilling.com best suited?

According to our research Skilling.com is best suited for investors who want to diversify their portfolios.