Reviewed broker: Skilling, previously known as Finovel Cyprus Ltd
Established in 2016 by Scandinavian tech magnates, Henrik Persson Ekdahl, André Lavold and Mikael Riese Harstad, of Optimizer Invest.
Location: 62 Athallasas Avenue, Strovolos, CY-2012 Nicosia, Cyprus with multinational offices based in Spain and Malta
Regulation: Cyprus Securities and Exchange Commission (CySEC)
Trading instruments: currency pairs, including minor ones, and CFDs on Stocks, Indices, Energies, and Metals also including 10 Cryptocurrencies with Ripple, Ethereum, Litecoin, Bitcoin, etc.
Skilling.com only accepts traders from Australia, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Ethiopia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Malta, Netherlands, Portugal, Romania, Slovakia, Sierra Leone, Spain, Sweden, United Kingdom, Norway.
US traders: not allowed
Trading Conditions and Features at Skilling
Spreads from starting from 1.5 pips on EUR/USD
Currency pairs: 80 major, minor and exotic currency pairs
Crypto: most popular cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum and Ripple
Maximum leverage is extremely low 1:30
Demo account: Skilling demo account comes with virtual balance of $10,000 to allow potential Skilling clients to try out the platform risk free with no expiry date
Skilling Review : Account types Standard and Pro
There are defined Standard Account with a spread basis and Premium accounts that are based on ECN Account execution with raw spread offering and commission charge per million traded. What is also great, you will open only one account and can use any platform of your choice for Standard account offering including MT4, cTrader, and Skilling Trader which we will cover in detail further in our Skilling Review.
Yet, the Premium account excluded MT4 from the proposal but we think it is not a serious limitation as cTrader and proprietary platforms might be even better for active trading or day traders.
|Trading account||Minimum deposit||Min. trade size||Default leverage||Spread|
|Standard||$50||1:30||0.01||from 1.6 pips|
|Pro||$50 000||1:30||0.1||from 0.4 pips + 0.004% commission|
Keep in mind that inactive accounts longer than 12 months are charged 10 EUR fee.
Skilling Review : Trading Platform
The proprietary trading platform was designed by traders with you in mind, whether you’re an experienced trader or have never traded before. From easily customisable watchlists, trading charts to our own Skilling Trade Assistant, our trading platform has you covered, whatever your trading needs may be.
User-friendly and intuitive
Designed by leading customer experience experts, our trading platform is very intuitive and easy to use. Equipped with powerful charting tools – over 30 trading indicators and drawing tools – customisable instruments watchlists, search, and full transparent trade ticket, our trading platform has been truly designed for traders of all levels.
Full web and mobile support. No download required
Developed using the latest web and app technologies, our platform is fully operational on the desktop, mobile web and mobile app. Trade anywhere, at any time.
Skilling Trade Assistant
Skilling Trade Assistant is a unique educational tool designed to help you place your trades. It has been developed with beginners in mind but can be used by anyone who wants to understand core trading concepts – such as CFDs, leverage, margin, exposure – through short and easy-to-understand explanations, contextual examples, and built-in dynamic calculators. Try our Skilling Trade Assistant, and you will very quickly understand what leveraged CFD trading is and how it works. Payment Options for Funding and Withdrawals in and out of Skilling Account
MT4 not supported
Almost all online forex brokers today offer Metatrader 4, but Skilling doesn’t do so. Instead it has created in-house web-based platform with simple interface and no need to download. It is unfortunate not to see Metatrader 4 platform among the available options because at the moment MT4 is the only platform rich enough with functionality, indicators, charting abilities and analytic tools to provide trader with everything needed for successful trading.
Payment Options for Funding and Withdrawals from Skilling Forex Broker
Minimum deposit requirement: $50
Payment methods include bank transfer via the Trustly platform, the use of supported VISA or Mastercard Debit and Credit cards, ePayment options such as Skrill or Neteller.
Customer Support and Educational Material
Skilling broker representatives are available via phone, email and live chat
No educational material has been found on the broker’s website during the review.
How was the rating of Skilling performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Skilling FX broker performance and features.
Overall our online Skilling review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Skilling or you find inaccurate details Skilling broker review please get in touch with us and the changes will be applied.