Skilling is a European CFD broker that has been in business since 2018. They recently expanded their suite of products, and started growing into a global broker. They are licensed and regulated in European by CySEC Cyprus, and in Seychelles by the FSA.
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Skilling Broker Review
Our review of the broker Skilling finds that they offer their clients a choice of three trading platforms. You will have access to their proprietary Skilling Trader App, which is available as a web-based or mobile app. Additionally, they offer the standard MT4 trading app, along with the professional cTrader app.
cTrader is a powerful CFD trading platform, which is available as a web-based software along with a desktop version. Professional traders use cTrader for API connectivity, Algorithmic trading and to manage MAM and PAMM trading accounts.
At Skilling you will find a wide range of underlying assets available to trader. Their asset list includes; Forex Currency Pairs, Crypto, Equities, Indices and Commodities. Margin rates are limited in the E.U. to 30:1 for retail traders, and 200:1 for professional traders.
The minimum deposit for a standard trading account is $100, see here. Spreads start at 0.7 for standard trading accounts, and 0.10 with their premium account. Scalping is allowed on all account types, and negative balance protection is offered as well.
Is Skilling a Legit Broker?
Yes, Skilling is licensed and regulated by various government financial regulators, depending on your country of residence. Investors should always trade with a broker that is licensed and regulated in their country.
- European Union: Skilling Ltd is licensed and regulated by CySEC with license number 357/18. Located at: 62 Athalassas Avenue, Strovolos, CY-2012 Nicosia, Cyprus.
- United Kingdom: This broker has registered with the FCA, under Reference Number (FRN) 810951.
- International: Skilling (Seychelles) Ltd, is regulated by the Seychelles Financial Services Authority (FSA), license number SD042. Located at: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles.
“CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.”
Comparing between different Forex brokers is actually very easy, once you know what to look for. The first thing to check for, is a valid license from ASIC or the FCA. A legitimate broker is licensed and regulated, while a scam broker is not.
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