Skilling
Abstract： Skilling is a multi-platform CFD broker based in Cyprus that was started in 2016. It is regulated by CySEC and the FSA (Seychelles) and lets you trade FX, equities, indices, commodities, and cryptocurrencies. It has many types of accounts, leverage options, and low costs for both retail and professional clients.
| Skilling Review Summary | |
| Founded | 2016 |
| Registered Country | Cyprus |
| Regulation | CySEC, FCA (Unsubscribed), FSA (Offshore Regulated) |
| Market Instruments | Forex, commodities, cryptos, indices, shares, CFDs |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:30 (retail)/1:200 (professional) |
| Spread | From 0.8 pips (Standard account) |
| Trading Platform | Skilling Trader, cTrader, MetaTrader 4 |
| Minimum Deposit | €100 |
| Customer Support | Live Chat: Mon–Fri 06:00–22:00 |
| Phone: +357 22 276710 | |
| Email: support@skilling.com | |
Skilling Information
Skilling is a multi-platform CFD broker based in Cyprus that was started in 2016. It is regulated by CySEC and the FSA (Seychelles) and lets you trade FX, equities, indices, commodities, and cryptocurrencies. It has many types of accounts, leverage options, and low costs for both retail and professional clients.
Pros and Cons
| Pros | Cons |
| Regulated by CySEC | Unsubscribed FCA license |
| Various trading instruments | Offshore regulated by FSA |
| Demo accounts | Withdrawal fees apply after first free daily withdrawal |
| Wide range of platforms: Skilling Trader, cTrader, MT4 | |
| Live chat support |
Is Skilling Legit?
Skilling holds an active license in Cyprus under CySEC (regulated), has an unsubscribed license in the UK (FCA), and holds an offshore-regulated license in Seychelles under FSA.
| Licensed Entity | Regulated By | Regulatory Authority | License Type | License No. | Current Status |
| Skilling Limited | Cyprus | Cyprus Securities and Exchange Commission(CYSEC) | Market Maker (MM) | 357/18 | Regulated |
| Skilling Limited | United Kingdom | Financial Conduct Authority (FCA) | European Authorized Representative (EEA) | 810951 | Unsubscribed |
| Skilling (Seychelles) Limited | Seychelles | Seychelles Financial Services Authority (FSA) | Retail Forex License | SD042 | Offshore Regulated |
What Can I Trade on Skilling?
Skilling offers 1,200+ CFD instruments across 7 asset classes, including forex, shares, indices, commodities, and cryptos.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Commodities | ✔ |
| Cryptos | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Bonds | ✘ |
| Options | ✘ |
| ETFs | ✘ |
Account Type
Skilling has four primary types of live accounts: Standard, Premium, MT4, and MT4 Premium. They have Professional and Corporate accounts for experienced or institutional traders. They also offer demo accounts for practice and Islamic accounts for merchants who observe Sharia law upon request.
| Account Type | Minimum Deposit | Leverage (Retail/Pro) | Spread from | Commission | Suitable for |
| Standard | €100 | 1:30/1:200 | 0.8 pips | 0 | Beginners; small traders wanting no commission |
| Premium | €5,000 | 0.1 pips | $40/million | High-volume traders seeking low spreads | |
| MT4 | €100 | 0.8 pips | 0 | Traders who prefer using MT4 platform | |
| MT4 Premium | €5,000 | 0.1 pips | $40/million | MT4 users trading large volumes, needing low spreads | |
| Professional | Custom | Up to 1:200 | Custom | Experienced/professional traders | |
| Corporate | Custom | Institutional/company accounts needing tailored services | |||
Leverage
For retail traders, Skilling offers a maximum leverage of 1:30. For professional traders, the maximum leverage is 1:200. High leverage can make profits bigger, but it also makes big losses more likely.
Skilling Fees
In general, Skilling's trading fees are fair and often cheaper than the norm in the industry, especially for Premium accounts with narrow spreads.
| Account Type | Spreads from | Commission |
| Standard | 0.8 pips | 0 |
| Premium | 0.1 pips | $35–$40 per USD million traded (FX, metals) |
| MT4 | 0.8 pips | 0 |
| MT4 Premium | 0.1 pips | $35–$40 per USD million traded (FX, metals) |
Non-Trading Fees
| Non-Trading Fees | Amount |
| Deposit Fee | 0 |
| Withdrawal Fee | 1 free withdrawal per day (except bank wire); extra daily withdrawals 2.5% fee; bank wire €15 (SEPA) or €25 (SWIFT) |
| Inactivity Fee | Not mentioned |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Skilling Trader | ✔ | Web, Desktop, iOS, Android | Beginners & advanced traders |
| cTrader | ✔ | Web, Desktop, iOS, Android | Advanced traders |
| MetaTrader 4 | ✔ | Desktop, iOS, Android | Beginners |
Deposit and Withdrawal
Skilling doesn't charge any fees for deposits, except maybe Neteller and Skrill, which may be as high as 2.9%. They let you make one free withdrawal per day (except for bank wires), however any other withdrawals you make in a day may cost 2.5%. The minimum deposit for all methods of deposits in an account with Skilling is 100 EUR.
Deposit Options
| Deposit Option | Minimum Deposit | Deposit Fees | Deposit Time |
| Bank Transfer | €100 | None (bank fees may apply) | Varies by bank, typically 1–3 business days |
| Skrill | Up to 2.9% (at Skillings discretion) | Instant to a few hours | |
| Neteller | |||
| Credit/Debit Cards | None | Instant |
Withdrawal Options
| Withdrawal Options | Minimum Withdrawal | Withdrawal Fees | Withdrawal Time |
| Bank Wire (SEPA) | €15 after €15 fee | €15 fixed fee | 1–3 business days (processed Mon–Fri 06:00–15:00 UTC) |
| Bank Wire (SWIFT) | €15 after €25 fee | €25 fixed fee | 1–5 business days (processed Mon–Fri 06:00–15:00 UTC) |
| Skrill/ Neteller | No fixed minimum | 1 free withdrawal per day; extra withdrawals 2.5% fee (Skilling may apply up to 2.9% fee) | Typically same day |
| Credit/Debit Cards | No fixed minimum | 1 free withdrawal per day; extra withdrawals 2.5% fee |
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