Overview of SKILLS ART
Skills Art, founded in China in 2023, offers access to 300+ global markets with tight spreads and zero commissions on Shares CFDs.
Its various trading assets include shares, indices, currencies, and commodities. Advantages include a web/mobile trading platform, free educational resources, and ECN technology with no trading restrictions.
However, as a newly established platform, it lacks regulatory status, potentially posing risks to traders.
Despite these drawbacks, its competitive pricing and extensive market access make it appealing for traders seeking various investment opportunities.
Regulatory Status
SKILLS ART operates without any regulatory oversight.
This lack of regulation means there are no set rules or standards enforced by authorities. Consequently, it poses risks such as potential fraud, money laundering, and market manipulation.
Investors might face greater vulnerability to scams or loss of funds without the protective measures provided by regulated markets.
Pros and Cons
Pros:
Access to 300+ global markets: Skills Art provides access to over 300 global markets, allowing traders to diversify their portfolios and explore various investment opportunities.
Tight spreads and zero commissions: Skills Art offers tight spreads as low as 0.0 pips and zero commissions on Shares CFDs. Low spreads reduce trading costs, enabling traders to retain more of their profits.
Free educational resources and analysis: Skills Art provides free educational resources and analysis to help traders enhance their trading skills and stay informed about market developments.
Web and mobile trading platform: Skills Art offers a web and mobile trading platform, providing traders with convenient access to the markets from any device with internet connectivity.
No restrictions with ECN technology: Skills Art operates with ECN (Electronic Communication Network) technology, which eliminates restrictions such as dealing desk intervention.
Cons:
Unregulated: Skills Art is newly established, with less than 1-2 years of operation, and there is no specific mention of regulatory oversight.
Lack of detail on trading platform features: Despite offering a web and mobile trading platform, Skills Art provides limited information about the features and functionalities of the platform.
Market Instruments
Skills Art offers various trading assets and support services, providing traders with the tools, resources, and education necessary to trade confidently.
Shares: Trade over 300 of the worlds most successful companies, including Apple, Amazon, Facebook, and Google, among others.
Indices: Access global indices covering the UK, US, as well as all the main European and Asian indices.
Currencies: Choose from over 60 currency pairs, including USD, GBP, EUR, CHF, JPY, AUD, and NZD.
Commodities: Trade commodities such as oil, gold, silver, platinum, as well as exotic metals like coffee and cotton.
How to Open an Account？
Registration: Visit the Skills Art website and locate the “Open live account” button. Click on it to begin the registration process.
Provide Information: Fill out the registration form with accurate personal information, including your full name, email address, phone number, and country of residence.
Verification: Verify your email address by clicking on the verification link sent to the email provided during registration. Follow any additional verification steps as prompted by the platform.
Account Setup: Once your email is verified, proceed to set up your account by choosing a username and password. Ensure that your password meets the platform's security requirements. After setting up your account, you may need to provide additional information or documents to complete the account setup process, depending on regulatory requirements.
Services
Skills Art offers several services to its users:
Skillscoin: Skillscoin is a digital token backed by physical gold, providing users with a secure investment option. It boasts high-security features, making it resistant to theft, and offers fast transactions, ensuring quick and reliable payments.
Cashback: Users can earn cashback when shopping online through Skills Art. The process is quick, rewarding, and flexible, allowing members to earn up to 50% cashback on average. Payments can be received directly to a bank account, PayPal, or in the form of gift cards. Skills Art has paid out over $2 billion in cashback to its community of over 15 million members. Users can earn cashback on a wide range of purchases, from clothes and electronics to restaurants and ride-sharing services. Shopping smarter with cashback is made easy through Skills Art.
Spreads & Commissions
Skills Art offers competitive spreads and commissions to its users:
Tight Spreads: Skills Art provides tight spreads, with rates as low as 0.0 pips, ensuring that users can execute trades efficiently and at competitive prices.
Zero Commission on Shares CFDs: For Shares CFDs, Skills Art does not charge any commissions, allowing traders to benefit from the full value of their trades without additional fees. This transparent fee structure enables users to manage their trading costs effectively.
Trading Platform
Web & Mobile Trading: The trading platform provided by Skills Art offers full access across all devices, including desktop computers, laptops, smartphones, and tablets.
This flexibility allows traders to stay connected to the markets and manage their portfolios conveniently, whether they are at home, in the office, or on the go.
With easy synchronization between the web and mobile versions, users can access their accounts, execute trades, and monitor market movements with ease, ensuring a smooth and efficient trading experience across various devices.
Customer Support
Skills Art provides comprehensive customer support through multiple channels. Customers can reach out via email at support@skillsart.com.
Additionally, they have physical offices in Dubai, the Philippines, and the UK, ensuring global accessibility.
For direct assistance, customers can contact the Dubai office at +971585865556, the Philippines office at +639274586728, and the UK office at +447830368288.
Deposit & Withdrawal
Skills Art imposes a hefty minimum deposit requirement of $1000 USD, setting a high barrier to entry for traders seeking to begin their investment journey.
This steep financial commitment may deter individuals with limited capital from accessing the platform's services, limiting their opportunities to participate in trading activities.
Educational Resources
The educational resources provided by Skills Art appear to focus on empowering traders with knowledge and tools to succeed in the financial markets:
Accessible Learning: Skills Art offers access to training facilitated by experienced income earners in various fields, providing insights into various money-making opportunities. This inclusivity ensures that traders of all backgrounds can benefit from the educational materials.
Profit Sharing: Unlike other top-tier traders, Skills Art allows users to keep 100% of their monthly profits, fostering a more rewarding trading experience.
Referral Program: Skills Art incentivizes users to refer friends by offering monetary rewards for each active subscription and trading lot referred, encouraging community growth and engagement.
Conclusion
In conclusion, Skills Art presents a promising platform for traders, offering access to a wide range of global markets with tight spreads and zero commissions. The platform's web and mobile trading options, along with free educational resources, enhance accessibility and knowledge sharing.
However, its lack of regulatory oversight raises risks about investor protection.
Despite these drawbacks, Skills Art's competitive pricing and various market instruments provide ample opportunities for traders to explore and capitalize on various investment avenues, making it a compelling option in the trading landscape.
FAQs
Question: What trading assets does Skills Art offer？
Answer: Skills Art offers a wide range of assets including shares, indices, currencies, and commodities.
Question: Is Skills Art regulated？
Answer: No, Skills Art is not regulated.
Question: What is the minimum deposit required to open an account with Skills Art？
Answer: The minimum deposit is $1000 USD.
Question: Does Skills Art offer educational resources？
Answer: Yes, Skills Art provides free webinars and trading tools to enhance traders' knowledge.
Question: What are the trading platforms available on Skills Art？
Answer: Skills Art offers web and mobile trading platforms for traders' convenience.
Question: How is customer support provided on Skills Art？
Answer: Skills Art offers 24/6 dedicated customer support to assist traders with their queries and risks.
2024-03-19 06:27
