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Skilling can be summarized as a trustworthy broker with a trust score of 60 out of 100 and is regulated by top-tier regulators. Skilling offers 4 accredited retail trading accounts with a minimum deposit of $100 USD.
| 🔎 Broker | 🥇 Skilling |
| 📝 Regulation | CySEC |
| 💻 Trading Desk | Skilling Trading Platform |
| 🎉 Sign Up Bonus | $30 USD |
| ➖ Min. Deposit from | $100 USD / R 1600 ZAR |
| 🔁 Spreads from | 0.01 pips |
| ➕ Max Leverage | 1:30 |
| 💳 Commission | Yes |
| 🛑 Inactivity Fee | No |
| 🚀 Open an Account | 👉 Click Here |
Overall Rating
- 4.7/5
Min Deposit
USD 100
Regulators
CySEC
Trading Platform
Skilling Trading Platform
Crypto
Yes
Total Pairs
73
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Skilling Review – 21 Key Point Quick Overview:
- ☑️Skilling Overview
- ☑️Skilling Safety and Security
- ☑️Skilling Sign-Up Bonus
- ☑️Skilling Minimum Deposit
- ☑️Skilling Account Types
- ☑️How to Open a Skilling Account – Step-by-Step Guide
- Skilling Islamic Account
- Skilling Demo Account
- Skilling Trading Platforms
- Skilling Available Instruments
- Skilling Fees, Spreads, and Commission
- Skilling Deposit and Withdrawal
- Skilling Partnership Options
- Skilling Best Countries by Traders
- Skilling vs XM vs Octa – A Comparison
- Skilling Customer Reviews
- Skilling Current Popularity Trend
- Skilling Pros and Cons
- Skilling Conclusion
- Skilling Disclaimer
- Frequently Asked Questions
Skilling Overview
Skilling is a forex broker company in Cyprus.
Finding a reputable Skilling review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth review regarding Skilling to help you make an informed decision before opening your account or trading on their platform.
A Forex broker like Skilling provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Forex brokers are also known as retail or currency trading brokers. Retail currency traders in turn use these broker companies to gain access to the 24-hour currency market for speculation purposes.
Forex broker services can also be provided for institutional clients and large companies such as investment banks.
Skilling (former name Finovel Cyprus Ltd.) was launched in 2019 with headquarters in Nicosia, Cyprus, and is licensed with CySEC.
The brokerage has other offices located in Malta and Spain and offers its services mostly to the residents of Sweden, Norway, Germany, and the United Kingdom and customers can trade currency pairs, CFDs on crypto, indices, commodities, and equities with the leverage of 1:30.
The broker has its own platform and offers multiple payment methods for traders to deposit and withdraw money from their trading accounts. Their official website can be viewed in four languages: German, Swedish, Norwegian, and English.
Skilling states that it acts as a market maker and in cases where orders have to be executed at third-party venues, Skilling acts as an agent on behalf of the client.
Skilling Safety and Security
Skilling is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), meaning that it meets a number of requirements, such as segregation of client accounts, reporting transactions on a regular basis, maintaining a minimum capital of EUR 730 000, participation in the Investor Compensation Fund (ICF), and more.
| 🔎 Regulatory Authority | 📌 Abbreviation | 🌎 Country |
| Cyprus Securities and Exchange Commission | CySEC | Cyprus |
Skilling Sign-Up Bonus
Skilling does offer a $30 sign-up / welcome bonus to new traders
| 🔎 Broker | 🥇 Skilling |
| 🎉 Sign Up Bonus | ✅ Yes |
| 🤝 Partnership Option | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Skilling Minimum Deposit
The minimum deposit amount required to register a Skilling Professional live trading account is $100 USD. This minimum deposit amount required for Standard Account registration will depend on the payment system chosen.
| 🔎 Account | 💰 Min Deposit | 🚀 Open an Account |
| 📌 Standard | $100 / R1600 | 👉 Click Here |
| 📌 Premium | $5000 / R80000 | 👉 Click Here |
| 🥇 MT4 | $100 / R1600 | 👉 Click Here |
| 🥈 MT4 Premium | $5000 / R80000 | 👉 Click Here |
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4.9/5
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4.7/5
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
MT4, MT5, Avatrade Social
USD 100
400:1
Yes
5
4.9/5
CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine
MT4, MT5, HFM App, HFM Copy Trading
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7
4.9/5
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Official Site
🥇
4.7/5
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
MT4, MT5, Avatrade Social
USD 100
400:1
Yes
5
4.9/5
CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine
MT4, MT5, HFM App, HFM Copy Trading
USD 0
2000:1
Yes
7
4.9/5
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
MT4, MT5, cTrader, Tradingview, Pepperstone Platform
USD 10
400:1
Yes
🏆 10 Best Rated Forex Brokers
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🏆 10 Best Rated Forex Brokers
Broker
Rating
Regulators
Platforms
Min Deposit
Max Leverage
Crypto
Official Site
🥇
4.7/5
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
MT4, MT5, Avatrade Social
USD 100
400:1
Yes
5
4.9/5
CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine
MT4, MT5, HFM App, HFM Copy Trading
USD 0
2000:1
Yes
7
4.9/5
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
MT4, MT5, cTrader, Tradingview, Pepperstone Platform
USD 10
400:1
Yes
🏆 10 Best Rated Forex Brokers
Broker
Min Deposit
Max Leverage
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🏆 10 Best Rated Forex Brokers
Broker
Rating
Regulators
Platforms
Min Deposit
Max Leverage
Crypto
Official Site
🥇
4.7/5
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
MT4, MT5, Avatrade Social
USD 100
400:1
Yes
5
4.9/5
CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine
MT4, MT5, HFM App, HFM Copy Trading
USD 0
2000:1
Yes
7
4.9/5
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
MT4, MT5, cTrader, Tradingview, Pepperstone Platform
USD 10
400:1
Yes
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Skilling Account Types
Skilling provides four different account types, Standard account, Premium account, MT4 account, MT4 Premium account Standard Cent, Raw Spread, Zero, Pro, Islamic, Swap-Free, and Risk-Free Demo account options. The minimum deposit amount required to register a Skilling Professional live trading account is $100 USD.
| 🔎 Account | ❤️ Best Suited To / Offers | 💰 Min Deposit | 🚀 Open an Account |
| 📌 Standard | All Traders | $100 / R1600 | 👉 Click Here |
| 📌 Premium | All Traders | $5000 / R80000 | 👉 Click Here |
| 🥇 MT4 | All Traders | $100 / R1600 | 👉 Click Here |
| 🥈 MT4 Premium | All Traders | $5000 / R80000 | 👉 Click Here |
Overall Rating
- 4.7/5
Min Deposit
USD 100
Regulators
CySEC
Trading Platform
Skilling Trading Platform
Crypto
Yes
Total Pairs
73
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
How to Open a Skilling Account – Step-by-Step Guide
1. Step 1: Start Process
To open a Skilling account, navigate to the Skilling website and select the option to open an account.
2. Step 2: Complete the Registration
Complete all the personal or relevant information requested.
3. Step 3: Verify the account
As soon as the account is registered, a verification email will be sent to the registered email address.
Skilling Islamic Account
Skilling does not offer Islamic swap-free trading on any accounts
| 🔎 Broker | 🥇 Skilling |
| ☪️ Islamic Account | ✅ Yes |
| ☑️ Accounts Offered | Standard / Extended |
| 🚀 Open an Account | 👉 Click Here |
Skilling Demo Account
Skilling does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Exness demo account expires after 30 days.
| 🔎 Broker | 🥇 Skilling |
| 🆓 Demo Account | ✅ Yes |
| 💸 Virtually Funded | Not Indicated |
| 💻 Terminal Access | Full |
| 🚀 Open an Account | 👉 Click Here |
Skilling Trading Platforms
The forex trading software, also called the platform, provided by a broker company to its clients to carry out their trades can be a multi-asset one that allows clients to trade forex as well as other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.
Some companies provide their own proprietary platform, which may benefit traders due to specific characteristics developed by specialists employed by the broker, while others prefer to provide better-known platforms that were tried and tested over time.
If there is a choice, the trader should keep in mind what he would like to trade and find the platform that suits his needs best.
Skilling does not offer any of the popular trading platforms like MT4, MT5, or cTrader, but has its own web-based platform called Skilling Trade Platform.
There is however no information about the trading platform on the broker’s website. It is only mentioned that the trading platform 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 Available Instruments
Most brokers offer all or some of the following market instruments for trading:
Forex:
Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities:
As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.
Indices:
Equity or stock indices can represent a specific set of the largest companies of a nation or a specific stock market. It is actual stock market indexes that measure the value of a specific section of a stock market.
Precious metals:
This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable.
Energy:
The high volatility of energy prices due to political, environmental, and several other factors, is a typical feature of this product, making it a popular trading choice.
Cryptocurrencies:
Tradable cryptocurrencies include the following:
- Bitcoin (BTC) is the digital currency with the largest market capitalization and price levels and dominates 50% of the total crypto market cap.
- Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability.
- Ethereum (ETH) is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.
- Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.
- Bitcoin Cash (BCH) was created as a new version of the blockchain with different rules.
- Skilling offers more than 300 financial instruments to trade, including a huge selection of 73 currency forex pairs and various Contracts for Difference (CFDs): on 5 commodities, currencies, 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 offers over 148 US equities, 37 Sweden equities, 18 Norwegian, 26 from Germany, and 3 Canadian equities.
Skilling Fees, Spreads, and Commission
Skilling clients are entitled to free-of-charge deposits and one free withdrawal per month. A fee of 12.50 EUR is charged on additional withdrawals and a fee of 2% on the amount is imposed if there was no recent trading activity in the account.
Accounts inactive for a period of 12 months are charged a 10 EUR inactivity fee.
The spreads on Standard accounts start from 1.5 pips on the benchmark EUR/USD.
| 🔎 Account | 💰 Min Deposit | 🔁 Spreads from | 💳 Commission |
| 🥇 Standard Account | 📌 $100 / R1600 | 0.7 pips | None |
| 🥈 Premium Account | 📌 $5000 / R80000 | 0.1 pips | None |
| 🥉 MT4 Account | $100 / R1600 | 📌0.7 pips | 📌 None |
| MT4 Premium Account | $5000 / R80000 | 📌 0.1 pips | 📌 None |
Skilling Deposit and Withdrawal
Skilling allows traders to open a live standard trading account with an initial investment of $50 or EUR.
Skilling accepts payments with e-wallets Skrill and Neteller, as well as major cards like VISA and MasterCard, and bank wire. The minimum deposit requirement is 50 000 USD or EUR for the Pro Account. Deposits are free.
A trader can open both trading accounts with five different currencies – 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 with one free withdrawal per month. The minimum amount of money that can be withdrawn is 50 EUR or equivalent currency.
Small print suggests that there is a withdrawal fee of 12.5 EUR for all of the payment methods, and if you use Neteller or Skrill, you will have to pay 2.0% and 2.6% respectively if you have not traded for a period of time – which is not specified.
Overall Rating
- 4.7/5
Min Deposit
USD 100
Regulators
CySEC
Trading Platform
Skilling Trading Platform
Crypto
Yes
Total Pairs
73
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Skilling Partnership Options
Skilling offers a Partnership option in the form of the Introducing Broker Program and an Affiliate Option.
Skilling Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇 Sweden | 61.97% |
| 🥈 Colombia | 6.21% |
| 🥉 United States | 3.36% |
| India | 2.72% |
| United Kingdom | 2.63% |
| Others | 23.10% |
Skilling vs XM vs Octa – A Comparison
| 🔎 Broker | 🥇 Skilling | 🥈 XM | 🥉 Octa |
| 📝 Regulation | CySEC | 📌 IFSC, ASIC, CySEC | FSA |
| ➕ Max Leverage | 1:30 | 1:888 | 1:500 |
| ☪️ Islamic Account | No | Yes | Yes |
| 🆓 Demo Account | Yes | Yes | Yes |
| 💻 Trading Platform | Skilling Trading Platform | 📌 MT4 | MT4 / MT5 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Skilling Customer Reviews
I am very satisfied with Skilling…
Pros:
-trading platform is very fast and smooth
-i didnt have any problems with money withdraw
-Client support is excellent! 10/10. Extremely fast, live response for every message. Also, they have supported me every time, no matter what.
-no inactivity fee
-cashback based on trading volume (new)
-Cysec regulated
Cons: -some minor bugs in trading app
-no full FCA regulation
I am very satisfied with Skilling…
I really impressed with skilling its a…
I really impressed with skilling it’s a big opportunity for business
Excellent Broker..
I’ve worked with several brokers and none of them has brought me as much confidence as Skilling. I want to congratulate the support team that has always helped me with my requests, including refunds for orders that caused problems with the liquidity provider. If I could I would give 10 stars!!!
Skilling Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term “Skilling” is entered into Google’s search engine over a given period of time.
Skilling Pros and Cons
| ✔️ Pros | ❌ Cons |
| Segregation of client funds | MT4 not provided |
| The demo account does not expire | No bonuses offered |
| Commission-free trading available | Demo account cannot be opened without first registering as a client |
| Excellent customer support | No Islamic Account is available |
Skilling Conclusion
Skilling offers very limited information about itself and its service and features.
Skilling is a newly-launched European forex broker, Skilling does not support the popular MetaTrader 4 platform but uses its own proprietary web-based platform and its mobile versions.
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Skilling Disclaimer
Skilling warns potential traders that Forex and CFDs trading always carries a high level of risk, therefore may not be suitable for all investors.
Before clients decide to trade the products offered by Skilling, they are advised to contemplate their investment objectives, financial situation, needs, and level of experience carefully before investing money that they cannot afford to lose.
Especially when traders use Skilling’s leveraged accounts, they should make sure to maintain a sufficient level of margin to sustain their positions, since trading Forex/CFD and Options on margin and using higher-than-necessary leverage can be either beneficial or detrimental to a trader. It is always possible to sustain a loss of some or all of an initial investment.
While Skilling promises to make all efforts to fill a trade at the requested price, trading online does not necessarily reduce risks associated with currency trading, therefore quotes and trades are usually subject to the terms and conditions of a Client Agreement, which is accessible through the broker’s website.
Potential traders should first acquaint themselves with all these associated risks and seek advice from an independent financial advisor.
SKILLING is an online broker that offers trading in a variety of financial instruments, including forex, cryptocurrencies, commodities, and indices. They also provide risk management tools and resources to help traders manage their risk. Some examples of SKILLING risk management features include:
Negative balance protection: This ensures that a trader’s account balance cannot fall below zero, even in the event of extreme market conditions.
Margin and leverage: SKILLING allows traders to use leverage, but also provides tools to manage margins and set stop-loss orders to limit potential losses.
Customizable risk management: SKILLING provides traders with the ability to set their own risk management strategies, including stop-loss and take-profit levels, as well as setting up trailing stops.
Traders can use these tools and resources to help manage their risk, and also get access to educational material and other resources. However, it’s important to note that trading always carries a risk and no strategy or tool can guarantee success. Traders should always understand the risks involved and invest only what they can afford to lose.
Overall Rating
- 4.7/5
Min Deposit
USD 100
Regulators
CySEC
Trading Platform
Skilling Trading Platform
Crypto
Yes
Total Pairs
73
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Frequently Asked Questions
What is the overall rating out of 10 for Skilling?
The overall rating for Skilling is 6/10
Is Skilling safe or a scam?
Skilling is fully regulated by CySEC.
Is Skilling a recommended forex trading broker for experts and beginners?
Skilling offers a fair trading environment for most types of traders.
Does Skilling offer a demo account?
Skilling does offer a demo account option.
Does Skilling offer an Islamic account option?
Skilling doesn’t offer an Islamic account option.
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