Skilling Review 2019 | Is Skilling a Scam or Legit Forex Broker?
Rating breakdown
Skilling Overview
Skilling is an online Forex and CFD broker that operates from Cyprus. It offers Forex, indices, commodities and equity stocks for trading on its platform.
| # | Broker's Features | SKILLING Availability |
|---|---|---|
| # | Commissions | ❌ |
| # | Hedging | ❌ |
| # | PAMM | ❌ |
| # | Scalping | ❌ |
| # | Accepts US traders | ✔ |
| # | 24 hour trading | ❌ |
| # | Swaps | ❌ |
| # | Demo account | ❌ |
| # | Daily analysis | ❌ |
| # | Automated trading | ❌ |
| # | Mobile trading | ❌ |
| # | Trading by phone | ❌ |
| # | 1st deposit bonus | ❌ |
| # | Forex contests competitions | ❌ |
| # | Bonuses Promotions | ❌ |
| # | Interest charges on the balance | ❌ |
| # | Free education | ❌ |
| # | Expert advisors | ❌ |
| # | Partnership programs | ❌ |
| # | Trust management | ❌ |
| # | 24 hour support | ❌ |
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review Skilling.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Skilling offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Crypto.
Tradable Products: Skilling offers the following assets for trading: 73 currency pairs, 5 Crypto assets, 17 indices, 5 commodities and over 230 CFD equities are available for trading.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. Skilling is No dealing desk.
Features: The Skilling trading platform is web based. It has customizable Watchlist, trade assistant, order management, account management with deposit options and lots of other tools.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. Skilling recommended minimum capital is $100.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Skilling is regulated by CySEC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Investor Protection & Regulations: Skilling is authorized and regulated by CySEC. The broker protects investors by strictly conforming to the regulatory stipulations of client account segregation, ICF membership and creating a digitally secure environment for its clients’ registrations and trading.
Languages Available: Next lets have a look at each broker's different Language options. Skilling offers English, German, Norwegian, Swedish.
Payment methods: Next lets have a look at each broker's payment options. Skilling offers Credit Card, Neteller, Skrill, Wire Transfer different payment methods for each account types.
Deposit and withdrawal: Credit/debit card, Bank Wire Transfer, Skrill and Neteller are the payment options accepted by Skilling brokerage firm.Withdrawals are processed the same day with one free withdrawal per month. Deposits are free
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Skilling makes Proprietary available to clients.
Web & Desktop Trading Platforms: The only platform provided is the “Skilling trading platform”. It is available as a web trader which runs on a web browser.
Mobile Trading Platforms: Skilling offers apps both for iOS and Android
Trader Education
Skilling provides a Trading Academy where there are 6 courses designed to teach beginner traders the basics of forex and CFD trading.
Promotions
No form of bonus has been announced by Skilling.
Support
The customer support on Skilling is available from 8am to 9pm on Monday to Friday. The channels of support are phone, email, web chat, web form, and social media.
Recup
Skilling is a Forex and CFD broker that operates from Nicosia, Cyprus. The brand offers over 300 tradable assets in 5 asset classes; The only proprietary platform provided is web based, simple and easy to use. Only $/€/£ 100 is needed to commence real trading. An education academy for beginners is provided. There is no separate platform for mobile.
Final Thoughts
Regulated by the stringent CySEC, Skilling protect its clients by segregating customers’ account, providing a digitally secure trading environment and maintaining its membership with the ICF.
Trading Experience
Skilling is a regulated trader that is new to the forex/CFD market, but has benefits for new and intermediate-level traders.