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Skilling

WikiFX | 2025-06-04 10:21

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
Founded2016
Registered CountryCyprus
RegulationCySEC, FCA (Unsubscribed), FSA (Offshore Regulated)
Market InstrumentsForex, commodities, cryptos, indices, shares, CFDs
Demo Account✅
Islamic Account✅
LeverageUp to 1:30 (retail)/1:200 (professional)
SpreadFrom 0.8 pips (Standard account)
Trading PlatformSkilling Trader, cTrader, MetaTrader 4
Minimum Deposit€100
Customer SupportLive 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.

Skilling's homepage

Pros and Cons

ProsCons
Regulated by CySECUnsubscribed FCA license
Various trading instrumentsOffshore regulated by FSA
Demo accountsWithdrawal 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 EntityRegulated ByRegulatory AuthorityLicense TypeLicense No.Current Status
Skilling LimitedCyprusCyprus Securities and Exchange Commission(CYSEC)Market Maker (MM)357/18Regulated
Skilling LimitedUnited KingdomFinancial Conduct Authority (FCA)European Authorized Representative (EEA)810951Unsubscribed
Skilling (Seychelles) LimitedSeychellesSeychelles Financial Services Authority (FSA)Retail Forex LicenseSD042Offshore Regulated
Regulated by CySEC
Unsubscribed FCA license
Offshore regulated by FSA

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✘
What Can I Trade on Skilling?

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 TypeMinimum DepositLeverage (Retail/Pro)Spread fromCommissionSuitable for
Standard€1001:30/1:2000.8 pips0Beginners; small traders wanting no commission
Premium€5,0000.1 pips$40/millionHigh-volume traders seeking low spreads
MT4€1000.8 pips0Traders who prefer using MT4 platform
MT4 Premium€5,0000.1 pips$40/millionMT4 users trading large volumes, needing low spreads
ProfessionalCustomUp to 1:200CustomExperienced/professional traders
CorporateCustomInstitutional/company accounts needing tailored services
Account comparison

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 TypeSpreads fromCommission
Standard0.8 pips0
Premium0.1 pips$35–$40 per USD million traded (FX, metals)
MT40.8 pips0
MT4 Premium0.1 pips$35–$40 per USD million traded (FX, metals)

Non-Trading Fees

Non-Trading Fees Amount
Deposit Fee0
Withdrawal Fee1 free withdrawal per day (except bank wire); extra daily withdrawals 2.5% fee; bank wire €15 (SEPA) or €25 (SWIFT)
Inactivity FeeNot mentioned

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Skilling Trader✔Web, Desktop, iOS, AndroidBeginners & advanced traders
cTrader✔Web, Desktop, iOS, AndroidAdvanced traders
MetaTrader 4✔Desktop, iOS, AndroidBeginners
Skilling Trader

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 OptionMinimum DepositDeposit FeesDeposit Time
Bank Transfer€100None (bank fees may apply)Varies by bank, typically 1–3 business days
SkrillUp to 2.9% (at Skillings discretion)Instant to a few hours
Neteller
Credit/Debit CardsNoneInstant

Withdrawal Options

Withdrawal Options Minimum Withdrawal Withdrawal Fees Withdrawal Time
Bank Wire (SEPA)€15 after €15 fee€15 fixed fee1–3 business days (processed Mon–Fri 06:00–15:00 UTC)
Bank Wire (SWIFT)€15 after €25 fee€25 fixed fee1–5 business days (processed Mon–Fri 06:00–15:00 UTC)
Skrill/ NetellerNo fixed minimum1 free withdrawal per day; extra withdrawals 2.5% fee (Skilling may apply up to 2.9% fee)Typically same day
Credit/Debit CardsNo fixed minimum1 free withdrawal per day; extra withdrawals 2.5% fee
Payment methods

LeverageBrokerCommission

Related broker

Regulated
Skilling
Company name:Skilling Ltd
Score
6.24
Website:https://skilling.com/eu/en/
5-10 years | Regulated in Cyprus | Market Maker (MM) | MT4 Full License
Score
6.24

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