Skilling Account Types Reviewed ☑️ (Updated 2022)

Skilling.com offers 4 live trading accounts, a Standard account, Premium account, MT4 account and MT4 Premium account. Skilling.com also offers a Demo account where traders can learn the basics of Forex trading

Skilling.com at a Glance

Broker’s Name	Skilling.com
? Headquartered	Nicosia, Cyprus
? Year Founded	2019
⚖️ Regulating Authorities	CySEC
? Countries not accepted for trade	Not indicated
? Accounts	-Standard -Premium -MT4 -MT4 Premium
☪️ Islamic Account (Swap Free)	No
? Demo Account	Yes
? Institutional Accounts	Yes
? Managed Accounts	No
? Maximum Leverage	1:30
? Minimum Deposit	50 EUR
? Spread	0.01 pips
?Fees	No Deposit or withdrawal fees
? Deposit Options	Skrill, Neteller, VISA and MasterCard, Bank wire
? Withdrawal Options	Skrill, Neteller, VISA and MasterCard, Bank wire
? Platform Types	Skilling Trading Platform
? OS Compatibility	Mac, Windows, for browsers Chrome, Firefox and Internet Explorer.
? Tradable Assets	Forex, CFDs, commodities, currencies, shares, indices, WTI Oil, Brent, and 5 cryptocurrencies
?‍? Languages supported on Website	German, Swedish, Norwegian and English
? Customer Support Languages	German, Swedish, Norwegian and English
? Customer Service Hours	24/5
? Open an Account	? Click Here

Choose your quick section of our Skilling.com below.

Skilling.com Account Types – 9 key point quick overview:

Skilling.com at a Glance
Skilling.com Overview
Skilling.com Account Types
Skilling.com Account Features
Skilling.com Demo Account
Skilling.com Islamic Account
Skilling Pro and cons
Skilling.com Conclusion
Frequently Asked Questions

Skilling.com Overview

Skilling is an online Forex broker based in Cypress which was first established in 2016. Skilling offers its clients access to a broad selection of tradable instruments across a wide range of asset classes, including Forex, crypto, indices, and commodities.

Skilling differentiates itself by offering tight spreads and commission-free trading on certain accounts, with spreads starting at 0.7 pips on the Standard Account and going as low as 0.1 pip on the Premium account offerings.

As such, the raw spreads available on the Premium Account are some of the tightest spreads currently available in the industry.

Skilling also offers lightning-fast execution and real-time quotes, along with stable trading conditions that do not sway to market volatility and a safe and secure trading environment.

Traders can choose from three platform options, consisting of cTrader, MetaTrader 4, and the proprietary Skilling Trader.

Skilling Trader is an intuitive, carefully self-developed trading platform designed for traders of all levels which provides the industry’s first integration with cTrader, allowing seamless trading across the two trading platforms inside a single Skilling Trading account.

cTrader is one of the most well-known trading platforms in the world of financial trading. It was developed in 2010 by Andrey Pavlov and Ilya Holeu, founders of Spotware.

It is a multi-asset CFD and Forex trading platform which provides fast entry and execution, advanced charting tools, order types, level II pricing, and more.

Its user-friendly interface is available on several devices and Skilling has integrated it with Skilling’s platform so that clients can use cTrader via the web browser, phone, or by downloading cTrader from Skilling.

Skilling offers four trading accounts which vary depending on the chosen platform, with the Standard and Premium Accounts linked to the Skilling proprietary platform and cTrader, as well as two MT4 accounts.

There is also a free demo account available which allows beginner traders to test out the broker’s offering before signing up for a live account. The demo can likewise be operated alongside the live account to safely test strategies on an ongoing basis.

Overall, Skilling is a well-regulated Forex broker that offers tight spreads, a good variety of assets, and a user-friendly trading environment.

Skilling.com Account Types

Skilling offers the option of four account types, consisting of the Standard Account, Premium Account, MT4 Account and MT4 Premium Account. Skilling does not offer an Islamic Account for traders of the Muslim faith.

To register for a live trading account, click on the ‘Sign up’ icon on the Skilling homepage and follow the steps required to complete the sign-up process.

Login to Skilling with your email address and selected password. From there, you can upload your documents (if you have not already), manage your account, download our platforms, and fund your account.

Clients may open a trading account in:

It is recommended that you select a base currency in the same currency of your deposits and withdrawals to avoid any conversion fees.

You can upload your documents during your registration.

You can also upload documents via Skilling’s member area by clicking on the burger menu at the top left corner, and then under the ‘My Account’ section by clicking ‘Profile’

Skilling requires a copy of your valid International Passport, National ID card, or Driver’s Licence to verify your identity.

Skilling may also request a Proof of residence document showing your name and address, issued within the last 6 months.

The documents required and their current verification status can be seen at any time via Skilling’s member area.

Skilling.com Account Features

?Feature	? Standard Account	? Premium Account	? MT4 Account	? MT4 Premium Account
? Minimum Deposit	$100 / R1600	$5000 / R80000	$100 / R1600	$5000 / R80000
? Spreads	0.7 pips	0.1 pips	0.7 pips	0.1 pips
? Fees	No Deposit fees / No withdrawal fees	No Deposit fees / No withdrawal fees	No Deposit fees / No withdrawal fees	No Deposit fees / No withdrawal fees
? Leverage	1 : 500	1 : 500	1 : 500	1 : 500
? Open an Account	? Click Here	? Click Here	? Click Here	? Click Here

Standard Account

Premium Account

Skilling.com the premium account differs from the standard one mainly on the spreads (from 0.1) and it has commissions associated with it if the volume surpasses the million. Given the low spreads, the starting deposit is higher (5,000 €). Available on Skilling Trader, Skilling cTrader and MT4.

Trading platform: Skilling Trader, cTrader
Commission: $30 per million
Spreads from: 0.1 pips
Minimum deposit: USD5000
Leverage: 1:30
Currency pairs: 73
Crypto: 10
Indices: 17
Commodities: 5
Equities: over 700
Scalping: yes
Negative balance protection: yes

MT4 Account

MetaTrader 4 (or MT4) is the most famous trading platform for forex retail traders. It has been developed for any type of trader but especially within the forex community, it has a 90% of market share. It is now available at Skilling for Web, Desktop, Android, or iOS.

If you decide to use the web option, then you will not need to download MetaTrader. But if you do prefer the desktop version, you can download it directly from Skilling.

Trading platform: MetaTrader 4
Commission: none
Spreads from: 0.7 pips
Minimum deposit: USD100
Leverage: 1:30
Currency pairs: 53
Crypto: 7
Indices: 12
Commodities: 5
Equities: over 700
Scalping: yes
Negative balance protection: yes

MT4 Premium

Trading platform: MetaTrader 4
Commission: none
Spreads from: 0.7 pips
Minimum deposit: USD5000
Leverage: 1:30
Currency pairs: 53
Crypto: 7
Indices: 12
Commodities: 5
Equities: over 700
Scalping: yes
Negative balance protection: yes

Skilling.com Demo Account

The demo account from Skilling can be opened alongside a live account, allowing users to test strategies in a risk-free environment before applying them to live market conditions.

The demo account can also be used by beginner traders to ensure they gain enough working knowledge of the Skilling platforms and tools before risking their own money.

The demo account has no expiry date, allowing beginner traders enough time to practice trading in a risk-free environment, and is funded with $10 000 in virtual currency.

Skilling.com Islamic Account

Skilling does not offer an Islamic Account, which is a drawback as these accounts fulfill important roles, as described below.

Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.

With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.

Essentially, an Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.

Skilling Pro and cons

✔️ Pros	❌ Cons
CySec regulated	Website lacks important information
Segregation of client funds	MT4 not provided
The demo account does not expire	No bonuses offered
Commission-free trading available	Demo account cannot be opened without first registering as a client
Excellent customer support	No Islamic Account is available
Tight spreads	Only two account types
Low minimum deposit	No swap-free account is available
Tight spreads with commission-free trading	Possible withdrawal fees on Neteller and Skrill
No deposit or withdrawal fees
Well-regulated broker

Skilling Conclusion

Overall, Skilling.com offers 4 live trading accounts, a Standard account, Premium account, MT4 account and MT4 Premium account. Skilling.com also offers a Demo account where traders can learn the basics of Forex trading

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Frequently Asked Questions

Can traders from South Africa open a Skilling account?

Yes, traders from South Africa are welcome to open a live Skilling account

What spreads can I expect with Skilling?

Spreads are tight overall, averaging at 0.7 pips on the Standard Account and going as low as 0.1 pip on the Premium Account.

How many instruments can I trade with Skilling?

The following assets are available to trade with Skilling:

Currencies – Over 73 different currency pairs, including USD/CAD, GBP/PLN, EUR/JPY, and GBP/AUD amongst many others
Crypto Assets – Including Bitcoin (BYC), Ripple (XRP) and Litecoin (LTC)
Indices – Over 15 different indices
Commodities –including Gold, Silver, Oil and Gas
CFD Equities –over 300 different options are available as CFD equities, including Amazon, Apple, Tesla, and Uber