The Skilling minimum deposit amount to open a real trading account is 50 (Fifty) US Dollars. The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours*
Finding a reputable list about Skilling minimum deposit local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth Minimum Deposit Review regarding this regulated Forex company, which will assist traders to make an informed decision, when it comes to funding your trading account.
Skilling.com has a minimum deposit requirement of $50 for the Standard Account. The requirement for the Pro Premium Account is $50 000 or EUR.
This minimum deposit amount was equivalent to ZAR 760 at the average currency exchange rate between the US Dollar and the South African Rand at the time of writing.
Depending on Skilling.com’s authorization as a broker and its regulatory authorities, one of the requirements may be that client funds must be kept in segregated accounts from the broker account and could only be used by traders to conduct trading activities.
Deposit fees and deposit methods
When compared with other brokers, the minimum deposit that Skilling.com requires when registering a live account is low.
Skilling.com offers traders several payment or deposit methods which can be used when making deposits. Funds always must be returned in the same method used to deposit.
Skilling.com accepts the following payment methods:
- VISA and MasterCard
- Bank wire
Skilling.com does not levy additional fees, but third-party charges may be applicable. Processing times are not very clearly indicated.
Deposit currencies that are accepted include EUR, USD, NOK, and SEK.
Traders must ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable.
Step by step guide to depositing the minimum amount
Traders can fund their accounts from their own bank account by sending the funds to one of the Skilling.com segregated client accounts or access the option to deposit the minimum amount from their personal area after having registered a live trading account and it had been approved.
Traders must log in to their personal area, select the option for deposits, and follow the instructions to deposit into their trading account. Traders must ensure that they select the correct deposit currency before they make a deposit.
Funds must be transferred in the same currency as the bank account to which they are sending them. Should this not be done, traders may be subjected to currency conversion fees.
Pros and Cons
|✔️ PROS||❌ CONS|
|CySec regulated and authorized broker||The website lacks vital information on certain important aspects|
|Segregation of client funds for extra safety||MT4 is not provided as a trading platform|
|Demo Account can be opened and used||Only two account types are available|
|More than one payment method available||No option of an Islamic Account available|
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What is the minimum deposit required to open an account with Skilling?
50 USD or EUR.
How do you make a deposit and withdraw money with Skilling.com?
Skilling.com offers the following deposit and withdrawal methods:
- VISA and MasterCard
- Bank wire
The same method that was used to fund an account must normally be used to withdraw money. Also, monies will usually only be refunded to accounts in the same name as the trading account.
Does Skilling.com charge withdrawal fees?
One withdrawal per month is free and 12.50 EUR is charged on additional withdrawals. Fees from financial institutions may also be applicable.
How long does it take to make a withdrawal?
The processing time of withdrawals is not indicated but may usually take a few days.