Skilling Spreads, leverage, minimum deposit Revealed

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

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.

What Can I Trade on Skilling?

　　Skilling offers 1,200+ CFD instruments across 7 asset classes, including forex, shares, indices, commodities, and cryptos.

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.

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.

　　Non-Trading Fees

Trading Platform

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

　　Withdrawal Options