Skilling Review: Streamlined Trading Experience

Skilling is a modern online broker that aims to make trading accessible and straightforward for everyone, from beginners to experienced traders. Established with a mission to democratize trading by simplifying the process and making financial markets more accessible, Skilling has quickly garnered attention for its user-friendly interface and innovative approach. This review will explore Skilling’s regulatory status, trading offerings, account types, platforms, educational resources, and both the advantages and disadvantages of trading with them.

Regulation and security

Skilling is regulated by the Cyprus Securities and Exchange Commission (CySEC) and also holds licenses from the Financial Services Authority (FSA) in Seychelles and the Financial Conduct Authority (FCA) in the UK under a separate entity. This regulatory framework ensures that Skilling adheres to stringent standards for operational integrity and client security. The broker also employs advanced security measures to protect client data and funds, including SSL encryption and segregated client accounts.

Tradable instruments

Skilling offers a diverse range of tradable instruments, allowing traders to engage in trading various assets. This broad selection ensures that traders of all interests and strategies can find suitable trading opportunities. The platform provides competitive spreads and access to both major and niche markets worldwide.

Assets available include:

• Currency pairs
• Shares
• Indices
• Commodities
• Cryptocurrencies

Account types and fees

Skilling offers three main types of accounts: Standard, Premium, MT4, and MT4 Premium. The Standard account requires no minimum deposit and provides access to all trading platforms with competitive spreads and zero commission on trades. The Premium account, aimed at more experienced traders, offers lower spreads and a commission-based structure, requiring a minimum deposit and higher trading volume. 

Platforms

Skilling supports multiple trading platforms, catering to the needs of all types of traders. These include Skilling Trader, their proprietary platform designed for ease of use and seamless trading integration; MetaTrader 4, known for its advanced tools and capabilities; and cTrader, favored by traders for its advanced charting and order capabilities. Each platform is robust and equipped with the necessary tools for effective trading.

Education

Skilling provides a comprehensive educational section on its website, featuring guides, articles, tutorials, and FAQs designed to help traders at all levels enhance their trading knowledge and skills. The broker also offers webinars and live trading sessions to provide ongoing learning opportunities and market insights.

Advantages and disadvantages

Pros:

• Multiple regulatory licenses enhance traders’ security
• A wide range of tradable instruments across various asset classes.
• No minimum deposit requirement for the Standard account.
• Choice of leading trading platforms including a proprietary option.

Cons:

• Premium accounts might be out of reach for traders with lower capital due to higher minimum deposit requirements.
• Limited advanced tools for professional traders on the proprietary platform compared to MetaTrader 4 and cTrader.
• The range of educational resources, while beneficial for beginners, might not be sufficient for advanced traders seeking in-depth research and analysis.

Summary

Skilling is an appealing choice for traders looking for a regulated, transparent broker that offers a straightforward trading experience with a variety of platforms and instruments. With its commitment to accessibility and innovation, Skilling suits both new and seasoned traders. However, those requiring more advanced tools and resources might find the offerings slightly limited. Overall, Skilling is well-regarded for its client-centric approach, making trading accessible to a wide audience.