Skilling is a new broker dealing with FX, CFD, stocks and cryptocurrency, offering browser-based trading systems or iOS and Android programs. Our inspection examines the platform, spreads, account forms and customer service, among other items. Traders may take a peek first before making that minimum deposit with a demo account with no limit.
As part of the newest wave of internet CFD trading agents, Skilling is a broker with no-nonsense trading philosophy. Designed for simplicity of use, throwing the jargon out in exchange for dependable support, this new-in-2019 system asserts to perform trading in another way. Keep reading to discover more about this particular trading platform and also the internet broker supporting it.
Founded in 2016, Skilling is an online-only agent offering CFD forex trading in many European nations. They offer to trade to EU/EEA users and have offices in Malta, Cyprus and Spain.
Created to offer a detailed, easy-to-understand trading platform for everybody, Skilling includes a group of 25+ dedicated programmers, specialists and entrepreneurs working with their comparatively youthful CFD trading platform to guarantee the best possible experience for their clients.
Skilling caters to a wide audience, making their trading solutions easy for novices while being a helpful tool for seasoned dealers.
Much like many CFD agents with programmers in-house, Skilling uses its specifically-designed trading platform to provide customers with all the expertise they’ve come up with.
Browser-based, visually straightforward and simple to use, the Skilling trading system certainly falls in accord with the assignment of this firm; to strip away the jargon to make way for easy-to-understand trading details.
Skilling’s in-house system comprises approximately 70 indicators, such as moving average and MACD, allowing for quick and convenient technical evaluation as required. A variety of graph styles are available to match the visual taste of the trader. There is complete management via the platform for obtaining trading history, account balances and withdrawal background if required.
Skilling’s platform is compatible with all major browsers out there. Skilling’s browser system also works appropriately on mobile devices, but there are specific iOS and Android trading programs.
Skilling creates a point of supplying a vast assortment of trading resources, making it an important platform for dealers seeking to dabble in various markets or research alternatives beyond the fundamentals. Skilling now offers a diverse selection of tradable products, such as:
- Currencies – 70+ different currency pairs are offered throughout the Skilling platform, such as USDCAD, GBPPLN, EURJPY and GBPAUD, amongst others.
- Crypto Assets – Bitcoin (BYC), Ripple (XRP) and Litecoin (LTC), and a lot of other lesser-known cryptocurrencies.
- Indices – 15+ distinct indices are offered via Skilling, such as but not restricted to DE30, AUS200, HKComp and SPA35.
- Commodities – A varying number of commodities are offered for transaction through Skilling’s platform, such as Gold, Silver, gas and oil.
- CFD Equities – Alongside Skilling’s more physical trading portfolio, there are 200+ distinct options available as CFD equities, such as Amazon, Apple, Tesla and Uber.
The true selection of trades accessible from Skilling might vary over time. However, the platform always offers variety regarding the trades they provide to clients, which makes them the online CFD agent of choice for traders seeking to improve the flexibility of the portfolio.
Spreads & Commission
They are committing to transparency when it comes to how they price their transactions. All commission and transport charges are conveyed clearly and exactly.
Using a newly updated model, Skilling offers spreads from really fair 0.7 pips on standard accounts. In contrast, Premium accounts, with a minimum deposit of $5,000+, make the most of a spread out of 0.1 pips, and as a value fee of 0.006 percent.
Skilling has shown consistency with their transparency; this makes them an appealing choice.
Withdrawal prices have recently been eliminated. Therefore, there are not any costs for creating a withdrawal.
Any inactive accounts for more than 12 months are charged a 10 EUR fee, which the platform clarifies from the start.
Spreads on cryptocurrencies are especially great – with Bitcoin (0.2percent ) and Ethereum (1.6percent ) especially. The listing of accessible cryptos to exchange has been recently enlarged also, adding DASH, NEO, Monero, IOTA and EOS.
Skilling keeps things easy when it concerns the trading account for its platform, offering two kinds of accounts; the principal standard account along with the extra Premium account.
According to ESMA regulations, the most leverage for all these accounts is 1:30. Seasoned retail customers may ask to become an ‘Elective professional’, allowing them to exchange with greater leverage according to the applicable regulations.
Skilling provides the bespoke trading platform available on both iOS and Android. The apps mirror the browser-established system, allowing for easy movement between computers and devices.
Skilling has also integrated the Spotware ‘cTrader’ platform. This allows account holders to maneuver between the Skilling Trader platform and the cTrader system from one account.
The capacity to run two platforms from one account is known as the ‘One Account. Two Platforms’ philosophy which Skilling has adopted. Money may be used to exchange on each platform, with no necessity for two accounts.
Additional improvements will compliment this on the smartphone application during the year.
Skilling provides the typical classic payment choices, offering traders a variety of options for depositing cash into their Skilling account. The minimum deposit for the platform is EUR 100, GBP, USD or 1000 NOK, SEK for regular accounts. For the premium accounts the minimum cap is EUR 5,000, GBP, USD or 50,000 NOK, SEK.
Payment choices supported by Skilling are bank transfers through the Trustly platform, endorsed VISA or Mastercard Debit and Credit cards; ePayment possibilities like Skrill or Neteller.
Skilling doesn’t currently support payment via cryptocurrency or alternative programs like PayPal. Nonetheless, this is normal for online broker platforms, therefore, it is not a surprise that the payment choices are limited.
Additionally, be aware that there isn’t any extra charge for depositing cash into a Skilling account, whatever the payment system used.
For individuals wanting to try out Skilling without investing their own money, the online agent provides a demo account. This demo account has a digital balance of $10,000, allowing prospective Skilling clients to understand what the platform can offer.
Skilling is transparent in stating that this particular account is zero-risk and gives a secure digital place for analyzing approaches, improving comprehension and introducing novices to precisely how trading works.
Traders can sign up for a demo account with no expiry date, offering considerable opportunity to check the Skilling performance. Interested clients may register for the demo through the site and update from a trial to a standard account by finishing account confirmation.
Promotions & deals
As a result of strict regulatory steps laid out by CySEC, it is not possible for internet agents to provide any promotional or bonus offers to new clients in the EU / EEA. This is true throughout the board, but Skilling instead focuses on providing transparency in their obligations and performance in their design, making their system infinitely more attractive.
Legislation and Accreditation
Skilling is completely controlled and licensed under CySEC, the Cyprus Securities and Exchange Commission. CySEC is among the most notable reasons Skilling cannot provide any promotions or deals to clients. Deals are not permitted in EU / EEA areas.
The broker also claims to safeguard their investors by adapting strictly to all regulatory requirements surrounding customer account segregation.
Skilling holds an Investor Compensation Fund (ICF) membership, further demonstrating their dedication to fulfilling the essential regulations for their clients.
This ensures clients are also protected from cybercrime and fraud in relation to their transactions and their deposited cash.
Clean, easy and functional in design, Skilling as an internet broker is an appealing solution for a number of reasons. Not only is it bespoke and up-to-date, but it’s also user friendly. Skilling has comprised a selection of attributes that further increase the quality of the platform and the usability for clients. Here are only a few of the features contained within their internet trading platform:
Among the most advanced features available from the Skilling trading platform would be that the Watchlist, offering a crystal clear and clean dashboard of a selection of trading tools, such as their country of origin and their popularity. The accession of an internet search bar allows for much more performance. The Watchlist also allows the trader to seamlessly track certain resources and kinds of trade.
Skilling Trade Assistant
The Skilling Trade Assistant is an instrument geared toward new traders, providing an effortless trade wizard from which they can make transactions and more. The wizard functions by supplying questions and visuals surrounding the trading procedure, allowing the traders to select what they want to exchange, how they’d love to exchange it and the complete procedure overall. Everything is in easy-to-follow steps, which makes this attribute vital for new dealers seeking to learn quickly.
News and Calendars
The Skilling dashboard comes with a sleek and easy-to-use user interface. The Skilling Academy for extra learning, and chosen news reports to offer insight into the trading market as a whole. This feature offers an economic calendar for further details regarding any high-impact events or forthcoming adjustments, in addition to some crucial forecasting.
- Standard Account – The customary account for the vast majority of traders enrolling with Skilling. Minimum deposit of 100 €/£/$ or 1000 NOK, SEK. The typical spread for this account is 0.7 pips for EURUSD.
- Premium Account – Made for pro brokers, and typically needs to be requested directly from Skilling rather than registering online. The typical deposit is 5,000 EUR/USD/GBP or 50k NOK, SEK.
Along with the accounts above, a demo account is available. The complete features of these demo accounts previously discussed. Traders may be signed up through the Skilling site to get a demo account full with $10,000 with no expiry.
The principal advantage of Skilling as an online agent and of utilizing their proprietary online trading platform is the simple fact that the business has a clear vision of how they do business.
Transparency, performance and practicality are vital elements in what Skilling provides. Though the platform promotes itself as adaptable for all types of dealers, there are many features geared towards those new to the area of trading – for example, the trade assistant and the academy.
Browser Based Platform
Another advantage of Skilling is the simple fact that the system is browser-based but mobile-friendly. As a consequence, you may check your transactions from almost everywhere, provided that you’ve got an internet-enabled gadget with you.
Skilling has lots of flexibility regarding trades accessible, from money pairs, CFDs, commodities etc., which makes it a superb pick for traders seeking to add greater variety into their portfolio.
Skilling’s high regulation by CySEC is another advantage of deciding upon the platform since it ensures that they follow the law. Combined with using their particular custom-built in-house system, it is apparent that Skilling prioritizes the clients’ security.
One of the main downsides to using Skilling is that, while they create an impression with their contemporary layout and transparent procedures, the expense of spreads together with the platform remains a bit higher than other solutions on the market – as an example, EURUSD sits in 1.7 pips.
It is important to weigh up the cost versus the benefits of a platform that provides more hand-holding, particularly for those new to trading.
Bespoke vs MT4
Among those difficulties with in-house systems is that traders are restricted to what the business gives them. For instance, traders who use platforms such as MT4 would not have the ability to utilize Skilling alongside their preferred interface.
While Skilling’s platform is quite well-designed, if it does not do what you need it to or a more advanced trader, it may not be the ideal option. The boundless demo account does, however, provide the opportunity for dealers to test it themselves, hazard-free.
As an internet platform, Skilling is available 24/7, leaving traders free to get the platform according to their schedule. The vast majority of online-based platforms supplies this. Skilling is no exception to this rule, even supplying customer service with internet conversation for 17 hours every weekday.
Contact Details / Client Support
Contacting Skilling is comparatively simple, with easily available contact information and client service lines available each weekday, from 8 am-9 pm. Skilling can be reached via instantaneous web chat or by entering a petition in their help desk area. Alternatively, you can contact Skilling via the following hints:
Email: [email protected]
For toll-free Phone Numbers:
UK + 44 208 080 6555
Norway: +47 2195 0300
Sweden: +46 40 6450 022
Cyprus +357 2227 6710
Germany +49 322 2999 0101
Safety & Security
Section of the law calls for a high degree of safety for traders and investors, and Skilling produces a stable digital environment by offering its customers an SSL-protected platform. This ensures all info is encrypted before being transferred online, ensuring that dealers’ cash and information are kept secure.
It can be further helped by Skilling’s in-house programmers and service group, permitting the brand to respond quickly if any safety problems happen. This procedure might be harder for businesses that outsource, but by employing a proprietary platform, Skilling can efficiently and quickly handle safety needs as and when they’re flagged.
Skilling attempts to be adaptable in a developing market but is finally best-suited for novices to trading. While its spread might be higher than a few of its rivals, it makes up for this greater price with some exceptional features that give insight to newer dealers that will need it to be successful in the long run.
A vast assortment of trading choices further adds to the allure of the platform, which makes it a good alternative for anyone interested in trading.
Skilling.com only accepts traders from Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Iceland, Latvia, Lithuania, Luxembourg, Liechtenstein, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom and Norway.