Skilling in 60 Seconds
| Question | Answer |
|---|---|
| Main reason to consider Skilling | Four platform options, including cTrader, MT4 and TradingView integration. |
| Biggest drawback | Entity-specific leverage and compensation arrangements mean the offshore terms do not carry the same statutory compensation protection as eligible Cyprus ICF clients. |
| Minimum deposit | $100 to open a standard live account. |
| Pricing model | Standard accounts are spread-only with $0 commission; Premium accounts combine raw spreads with volume-based commission. |
| Main platforms | Skilling Trader, TradingView, cTrader and MetaTrader 4. |
| Main markets | Forex, stocks, indices, commodities and cryptocurrencies, primarily through leveraged products. |
| Maximum leverage | Up to 1:30 for EU retail clients under CySEC rules; up to 1:500 for non-EU clients under the FSA Seychelles entity. |
| Best suited to | Beginner-to-intermediate traders who value platform flexibility and straightforward funding methods. |
| Less suited to | Traders seeking a single global leverage and protection framework, because terms differ by entity and jurisdiction. |
Platform choice is a practical strength, but it does not remove the need to check which legal entity holds the account: leverage and statutory compensation vary by jurisdiction.
Pros
- Four platforms are offered: Skilling Trader, TradingView, cTrader and MT4.
- Standard accounts have $0 commission, with a $100 minimum deposit to open a standard live account.
- Scalping, hedging, news trading and API trading are allowed.
Cons
- EU retail leverage is capped at 1:30, while the 1:500 maximum applies to non-EU clients under the Seychelles entity.
- The Seychelles entity has $0 statutory compensation fund protection.
- Withdrawal fees can apply after the free daily withdrawal or when there is no trading activity.
How Skilling Works
The basic trading model
Skilling offers leveraged forex trading and exposure to stocks, indices, commodities and cryptocurrencies. Stock exposure is mainly through CFDs: clients do not own the underlying shares or receive voting rights. Index, commodity and crypto exposure is generally through leveraged derivatives rather than ownership of an index, physical commodity or crypto held in a wallet. Copy trading and social trading are also offered.
Clients can choose Skilling Trader, cTrader or MT4 accounts, with TradingView chart integration for Skilling Trader. Standard accounts use spread-only pricing; Premium accounts combine raw spreads with commission. The account and platform selected affect the applicable terms.
Important regional differences
Skilling operates under Cyprus and Seychelles regulatory jurisdictions. EU retail leverage is capped at 1:30 under CySEC rules. Non-EU clients under the FSA Seychelles entity can access leverage up to 1:500. The Seychelles entity also has different compensation arrangements from the Cyprus entity, so the offshore terms should not be treated as a universal Skilling offer.
Skilling does not accept clients from Belgium, Australia, the United States, the United Kingdom or North Korea.
The Costs That Matter
Trading costs
These are average spreads for the specified instruments, not minimum or advertised spreads. Standard accounts carry no commission; Premium accounts use raw spreads and volume-based commission.
| Instrument | Typical / Average Spread | Commission |
|---|---|---|
| EUR/USD | 0.8 pips average | Standard: $0; Premium: volume-based commission |
| GBP/USD | 1.1 pips average | Standard: $0; Premium: volume-based commission |
| Gold (XAU/USD) | 0.38 points average | Standard: $0; Premium: volume-based commission |
| S&P 500 CFD | 1 points average | Standard: $0; Premium: volume-based commission |
Premium account terms differ by platform. Skilling Trader Premium and cTrader Premium have a $35 per $1 million volume commission on the cited EU terms; MT4 Premium has a $40 per $1 million volume commission on the cited EU terms. Premium access requires a $5,000 deposit or qualifying volume. Account pricing should be checked alongside the platform and applicable entity.
Non-trading costs
Skilling charges no standard deposit fee, but Skrill funding may incur a fee of up to 2.9%. Withdrawal terms include one free withdrawal per day, except bank wires, which cost €15–€25 or $17.50–$29.20. A 2.5% fee may apply to further same-day withdrawals or withdrawals made with zero trading activity. Skrill withdrawals can incur up to 2.9%, depending on the route.
A monthly inactivity fee of approximately $11.70 applies after 12 months without trading. Overnight swap fees and currency conversion fees also apply. Bank and payment-provider charges may be additional.
Cost takeaway
Standard pricing is simpler to assess because it has no commission, while Premium pricing exchanges raw spreads for a volume-based charge and a higher entry requirement. Traders who withdraw repeatedly, leave an account inactive for a year, or fund through Skrill should include those possible charges in their cost comparison.
The Costs That Matter
- Standard accounts have $0 commission; Premium accounts use raw spreads and volume-based commission.
- EUR/USD averages 0.8 pips and GBP/USD averages 1.1 pips.
- A monthly inactivity fee of approximately $11.70 applies after 12 months without trading.
Choosing Your Skilling Setup
Account options
| Account | Pricing model | Minimum deposit | Platform access | Main restriction | Most relevant for |
|---|---|---|---|---|---|
| Skilling Trader Standard | Spread-only; zero commission | €100 on cited EU terms | Skilling Trader / TradingView | Spreads from 0.8 pips on cited EU terms | Traders preferring spread-only pricing on Skilling Trader or TradingView |
| Skilling Trader Premium | Raw spreads plus $35 per $1 million volume commission on cited EU terms | €5,000 or qualifying volume | Skilling Trader | Higher entry requirement and volume-based commission | Traders who meet the deposit or volume condition and prefer raw-spread pricing |
| Skilling Trader Unleveraged | Market/product spread | €100-style platform minimum where applicable | Skilling Trader / TradingView | 1:1 leverage; availability depends on entity | Clients choosing the unleveraged mode |
| MT4 Standard | Spread-only; zero commission | €100 on cited EU terms | MetaTrader 4 | Spreads from 0.8 pips on cited EU terms | Traders choosing MT4 with spread-only pricing |
| MT4 Premium | Raw spreads plus $40 per $1 million volume commission on cited EU terms | €5,000 or qualifying volume | MetaTrader 4 | Higher entry requirement and volume-based commission | MT4 users who meet the deposit or volume condition and prefer raw-spread pricing |
| cTrader Standard | Spread-only; zero commission | €100 on cited EU terms | cTrader | Spreads from 0.8 pips on cited EU terms | Traders choosing cTrader with spread-only pricing |
| cTrader Premium | Raw spreads plus $35 per $1 million volume commission on cited EU terms | €5,000 or qualifying volume | cTrader | Higher entry requirement and volume-based commission | cTrader users who meet the deposit or volume condition and prefer raw-spread pricing |
| cTrader Unleveraged | Market/product spread | €100-style platform minimum where applicable | cTrader | 1:1 leverage; the public account table does not show separate pricing-tier terms | Clients choosing cTrader's unleveraged mode |
Standard accounts suit clients prioritising a straightforward spread-only structure. Premium accounts pair raw spreads with a commission and require a $5,000 deposit or qualifying volume under the cited EU terms. The unleveraged account labels carry 1:1 leverage; their pricing is described as the market or product spread rather than a separate published pricing tier.
Platform choices
| Platform | Web | Desktop | Mobile | Automation | Main Limitation |
|---|---|---|---|---|---|
| Skilling Trader | Yes | No | Yes | No native user-programmable algorithmic engine identified; custom automation, where available, uses another supported platform/API. | Proprietary web/mobile platform; coded automation is better served by cTrader/MetaTrader where offered. |
| TradingView | Yes | Yes | Yes | Partial — Pine strategies, server-side alerts and webhooks; direct unattended live execution requires a compatible broker/API/bridge | TradingView strategy orders are evaluated by its broker emulator; a Pine strategy by itself is not universal live broker auto-execution. |
| cTrader | Yes | Yes | Yes | Yes — cBots in C# or Python; cloud cBots can run 24/7 and be started from Web/Mobile/Desktop | Creating, editing, backtesting and optimising cBots is centered on cTrader Windows/Mac; broker permissions can also affect automation. |
| MetaTrader 4 | Yes | Yes | Yes | Yes — Expert Advisors (MQL4) on the desktop/VPS environment | Full MQL4/EAs/custom-script functionality is desktop/VPS-centric; the browser/mobile clients do not provide the full desktop automation environment. |
Base currency and account configuration
Base account currencies are USD, EUR, NOK, SEK and GBP. Currency conversion fees apply. Skilling offers a demo account and an Islamic account; overnight swap fees apply to trading, so clients considering an Islamic account should confirm the applicable account terms before opening one.
Choosing Your Skilling Setup
- Standard and Premium accounts are offered across Skilling Trader, cTrader and MT4.
- Premium accounts require a €5,000 deposit or qualifying volume on the cited EU terms.
- Base currencies are USD, EUR, NOK, SEK and GBP, and currency conversion fees apply.
What You Can Trade
Skilling covers five principal market categories. Many products are derivatives, so access to a market does not necessarily mean ownership of the underlying asset.
| Market | Approx. Number | Important Detail |
|---|---|---|
| Forex | 73 | Leveraged FX trading. Leverage, swap charges and pair availability can differ by account and legal entity. |
| Stocks | 760+ | Share exposure is mainly through CFDs. Traders do not own the shares or receive voting rights; short positions and overnight financing can apply. |
| Indices | 18 | Exposure is through leveraged derivatives rather than ownership of an index. Cash or futures pricing, trading hours and overnight charges can differ. |
| Commodities | 18 | Exposure is mainly through leveraged derivatives linked to spot or futures prices. Rollover, financing and trading-hour breaks can apply. |
| Cryptocurrencies | 50+ | Exposure is generally through leveraged derivatives rather than wallet ownership. Availability can be restricted by jurisdiction. |
| Bonds | Not offered | - |
| Other | Not offered | - |
What You Can Trade
- The range includes 73 forex pairs, 760+ stocks, 18 indices and 18 commodities.
- Skilling offers 50+ cryptocurrencies, generally through leveraged derivatives rather than wallet ownership.
- Stock exposure is mainly through CFDs, so traders do not own shares or receive voting rights.
What Trading Is Like in Practice
Order execution
Skilling reports that both positive and negative slippage can occur, including during volatile market conditions. No execution-speed or requote figures are provided here, so traders should not infer a fixed execution outcome from the platform selection.
Leverage, margin and stop-out
Maximum leverage is 1:30 for EU retail clients under CySEC rules and up to 1:500 for non-EU clients under the FSA Seychelles entity. The margin-call level is 100%; automatic position liquidation triggers when the margin level drops to 50%. Leverage and applicable protections depend on the account's legal entity.
Trading restrictions
Skilling allows scalping, hedging and news trading. API trading is also offered. The platform options differ in automation: cTrader supports cBots in C# or Python, while MT4 supports Expert Advisors in MQL4 through its desktop/VPS environment. TradingView automation is partial and requires a compatible broker, API or bridge for direct unattended live execution.
Day-to-day usability
Skilling Trader is available on web and mobile, while cTrader, MT4 and TradingView also have desktop and mobile access. A demo account is available for platform familiarisation. VPS hosting is not offered by Skilling, which is relevant to traders who need broker-provided VPS access for automated strategies.
What Trading Is Like in Practice
- Positive and negative slippage can occur, including during volatile market conditions.
- The margin-call level is 100%; automatic position liquidation triggers at a 50% margin level.
- Scalping, hedging and news trading are allowed, and API trading is offered.
From Sign-Up to First Trade
1. Eligibility
Skilling does not accept clients from Belgium, Australia, the United States, the United Kingdom or North Korea. The legal entity available to a client affects leverage and compensation arrangements.
2. Registration
Choose an account and platform from the available Skilling Trader, cTrader and MT4 options. Standard accounts have a $100 minimum deposit to open a standard live account; Premium accounts have a $5,000 deposit requirement or qualifying volume under the cited EU terms.
3. Verification
Skilling requires identity verification through its KYC process. No approval timeframe or specific document list is specified here.
4. Initial funding
Supported funding methods include Visa, Mastercard, Apple Pay, Google Pay, PayPal, Skrill and wire transfer. The listed minimum deposit for each of these methods is €100. Card and e-wallet deposits are generally instant, while wire transfer processing takes 1–3 business days.
5. Getting ready to trade
After verification and funding, clients can use the selected platform and, where relevant, configure automation through cTrader or MT4. A demo account is also available. Check the account's entity, leverage and pricing terms before placing a live trade.
From Sign-Up to First Trade
- Skilling excludes clients from Belgium, Australia, the United States, the United Kingdom and North Korea.
- KYC verification is required.
- A demo account is available before trading live.
Depositing and Withdrawing Money
Deposits
Skilling sets a €100 minimum for each payment method below. Card and e-wallet deposits are processed instantly; wire transfers take 1–3 business days. Bank or payment-provider fees may apply even when Skilling does not charge a broker deposit fee.
| Method | Minimum | Broker Fee | Broker Processing | Expected Settlement |
|---|---|---|---|---|
| €100 | No broker deposit fee, bank/payment-provider fees may apply | Instant | Instant | |
| €100 | No broker deposit fee, bank/payment-provider fees may apply | Instant | Instant | |
| €100 | No broker deposit fee, bank/payment-provider fees may apply | Instant | Instant | |
| €100 | No broker deposit fee, bank/payment-provider fees may apply | Instant | Instant | |
| €100 | No broker deposit fee, bank/payment-provider fees may apply | 1–3 business days | 1–3 business days | |
| €100 | Usually no broker fee, Skilling may impose up to 2.9% at its discretion | Instant | Instant | |
| €100 | No broker deposit fee, bank/payment-provider fees may apply | Instant | Instant |
Withdrawals
Each method has a minimum withdrawal of €50 or equivalent. Processing time is separate from any time taken by the bank or payment provider to settle the funds.
| Method | Minimum | Broker Fee | Broker Processing | Expected Settlement |
|---|---|---|---|---|
| €50 or equivalent | Usually free, 2.5% non-trading fee and 2.5% on additional same-day withdrawals may apply | About 1–5 working days | About 1–5 working days | |
| €50 or equivalent | Usually free, 2.5% non-trading fee and 2.5% on additional same-day withdrawals may apply | About 1–5 working days | About 1–5 working days | |
| €50 or equivalent | Usually free, 2.5% non-trading fee and 2.5% on additional same-day withdrawals may apply | Broker processing usually within 1 working day | Broker processing usually within 1 working day | |
| €50 or equivalent | Usually free, 2.5% non-trading fee and 2.5% on additional same-day withdrawals may apply | Broker processing usually within 1 working day | Broker processing usually within 1 working day | |
| €50 or equivalent | SEPA €15, SWIFT €25 / $25 / £25 or 260 SEK/NOK | About 1–5 working days after processing | About 1–5 working days after processing | |
| €50 or equivalent | Up to 2.9%, exact charge depends on route | Usually instant to 1 working day | Usually instant to 1 working day | |
| €50 or equivalent | Usually free, 2.5% non-trading fee and 2.5% on additional same-day withdrawals may apply | Usually instant to 1 working day | Usually instant to 1 working day |
Skilling allows one free withdrawal per day, except bank wires, which carry a charge. Further same-day withdrawals and withdrawals made with no trading activity may incur a 2.5% fee; Skrill charges can reach 2.9%, depending on route.
Depositing and Withdrawing Money
- Supported deposits have a €100 minimum; withdrawals have a €50-or-equivalent minimum.
- One withdrawal per day is free except bank wires, which carry a fee.
- Additional same-day or non-trading withdrawals may incur a 2.5% charge.
Customer Support
| Support Channel | Available | Hours | Languages / Important Notes |
|---|---|---|---|
| Live Chat | Yes | Monday–Friday, 07:00–22:00 CET | English, Arabic, German, Spanish, French, Italian, Norwegian, Polish, Romanian and Swedish |
| Yes | Monday–Friday, 07:00–22:00 CET | [email protected]; listed support languages apply | |
| Phone | Yes | Monday–Friday, 07:00–22:00 CET | +357 22 276710; listed support languages apply |
| Help Center | Yes | Monday–Friday, 07:00–22:00 CET | Help Center access is offered; listed support languages apply |
Availability
Support hours are Monday to Friday, 07:00–22:00 CET. The listed hours do not include weekend support.
How traders can get help
Clients can contact Skilling through live chat, email, phone or the Help Center. The email address is [email protected] and the phone number is +357 22 276710.
Support limitations
Customer feedback includes positive reports of account-manager assistance and quick replies. A smaller number of users report withdrawal issues that are difficult to resolve and lengthy verification cases, so payment or onboarding concerns may take longer to settle.
Customer Support
- Support is available by live chat, email, phone and Help Center.
- Support hours are Monday to Friday, 07:00–22:00 CET.
- Some customers report difficult-to-resolve withdrawal issues and lengthy verification cases.
What Protects Your Money?
Skilling operates across Cyprus and Seychelles regulatory jurisdictions. The applicable entity matters: eligible EU residents may qualify for Cyprus ICF protection, while the Seychelles entity has no statutory compensation fund.
Legal entities and regulators
| Client Region | Regulator | License / Registration | Main Protection |
|---|---|---|---|
| Cyprus-regulated clients; ICF protection applies to eligible EU residents | Cyprus Securities and Exchange Commission (CySEC) | 357/18 | Eligible EU residents may receive up to $23,345 (€20,000) protection under the Cyprus ICF. |
| Clients under the Seychelles entity | Financial Services Authority (FSA) Seychelles | SD042 | $0 statutory compensation fund protection. |
Client money protections
Skilling segregates client funds and provides negative balance protection. Cyprus ICF cover of up to $23,345 (€20,000) applies to eligible EU residents. The FSA Seychelles entity has no statutory compensation fund, so Cyprus ICF protection should not be assumed for clients under that entity.
Company transparency
Skilling was founded in 2016, is headquartered in Cyprus and is not publicly traded.
Important distinction
Compensation schemes address eligible claims connected with a firm's failure; they do not reimburse losses from trading decisions or adverse market movements. Negative balance protection is a separate safeguard and does not remove the risk of losing funds deposited in an account.
What Protects Your Money?
- Skilling holds CySEC licence 357/18 and Seychelles FSA licence SD042.
- Eligible EU residents may receive up to $23,345 (€20,000) under the Cyprus ICF.
- The FSA Seychelles entity has $0 statutory compensation fund protection.
The Biggest Catch With Skilling
What the headline claim suggests
Skilling's maximum leverage reaches 1:500, which can appear to be a general account feature. It is not: the 1:500 maximum applies to non-EU clients under the FSA Seychelles entity, while EU retail clients are capped at 1:30 under CySEC rules.
What happens in practice
The entity also changes the protection picture. Eligible EU residents may receive Cyprus ICF protection up to $23,345 (€20,000), whereas the Seychelles entity has $0 statutory compensation fund protection. A higher leverage ceiling and a different compensation framework therefore come together under the offshore entity, rather than representing one set of terms for every client.
Who should care most
Clients comparing account offers by leverage should first establish which entity will hold their account. The same check matters to anyone weighing the Seychelles entity's promotional offers against the Cyprus entity's compensation arrangements.
Who Skilling Is Really For
Consider Skilling if you...
- Want to choose among Skilling Trader, TradingView, cTrader and MT4.
- Prefer a Standard spread-only account with no commission and a $100 minimum deposit.
- Use scalping, hedging, news trading, copy trading or API trading and want these options within one broker.
- Want access to forex, stock CFDs, indices, commodities and crypto derivatives through one account provider.
You may want to look elsewhere if you...
- Need leverage above 1:30 as an EU retail client.
- Require statutory compensation protection under the Seychelles entity.
- Need broker-provided VPS hosting, which Skilling does not offer.
- Make frequent withdrawals, leave accounts inactive for long periods, or rely on Skrill and want to avoid the related potential charges.
The Bottom Line
Skilling's strongest proposition is platform flexibility paired with spread-only Standard accounts and access to several leveraged markets. Its biggest compromise is that leverage and statutory compensation differ materially between the Cyprus and Seychelles entities. Traders who value platform choice and can confirm the account terms and entity before funding are most likely to accept that trade-off.
How We Reviewed Skilling
This review considers Skilling's account terms, pricing, platforms, products, funding and withdrawal conditions, support and client protections, while distinguishing broker claims from customer feedback. No personal testing is claimed. For more detail on how brokers are assessed, see our review methodology.
Contact Info
- Website:
- https://www.skilling.com
- Email:
- [email protected]
- Phone:
- +357 22 276710
- Company Address:
- 62 Athalassas Avenue, 2nd Floor, Strovolos, CY-2012, Nicosia, Cyprus
FAQ
Is Skilling regulated?
Skilling operates under CySEC regulation in Cyprus and the FSA Seychelles. The licence numbers are 357/18 for CySEC and SD042 for the Seychelles FSA. The applicable regulator depends on the entity holding the account.
What is Skilling's minimum deposit?
The minimum deposit to open a standard live account is $100. The method-specific deposit minimums for Visa, Mastercard, Apple Pay, Google Pay, PayPal, Skrill and wire transfer are €100. Premium accounts have a €5,000 minimum or qualifying-volume condition on the cited EU terms.
What does Skilling charge for trading?
Standard accounts have no commission and use spread-only pricing. Premium accounts use raw spreads plus volume-based commission; the cited EU terms give $35 per $1 million for Skilling Trader and cTrader Premium, and $40 per $1 million for MT4 Premium. Overnight swaps and currency conversion fees also apply.
Which Skilling account should I choose?
Standard accounts are the spread-only option with zero commission, while Premium accounts combine raw spreads with commission and require a €5,000 deposit or qualifying volume on the cited EU terms. Skilling Trader, cTrader and MT4 each have Standard and Premium versions. Unleveraged options are also offered for Skilling Trader and cTrader at 1:1 leverage.
Which platforms does Skilling offer?
Skilling offers its own Skilling Trader platform, TradingView integration, cTrader and MetaTrader 4. cTrader supports cBots in C# or Python; MT4 supports Expert Advisors in MQL4 through the desktop/VPS environment. Skilling does not provide VPS hosting.
Does Skilling offer a demo account and scalping?
Yes, Skilling offers a demo account and allows scalping. Hedging and news trading are also allowed. Automation options depend on the platform, including cBots on cTrader and Expert Advisors on MT4.
What is Skilling's maximum leverage?
Maximum leverage is 1:30 for EU retail clients under CySEC rules. Non-EU clients under the FSA Seychelles entity can access up to 1:500. The margin-call level is 100%, and automatic liquidation triggers at a 50% margin level.
Does Skilling offer negative balance protection, and how long do withdrawals take?
Skilling provides negative balance protection. Withdrawal processing ranges from usually instant to one working day for PayPal and Skrill to about 1–5 working days for cards and bank transfers; bank or payment-provider settlement can affect the full arrival time. Eligible EU residents may also qualify for Cyprus ICF protection, while the Seychelles entity has no statutory compensation fund.