Skilling Review – Is This Broker Any Good?

Skilling Review

Everyone is aware that the financial markets are filled to the brim with opportunities to make money, but you have to have access to a platform and tools to do so. This is where online brokers come in because they provide you with everything that’s needed for the trading process. The only hurdle you have to overcome is navigating through the numerous brokerages in the market and finding the one that can be a good choice for you. Every platform will promise to provide you with what you need, but the reality can be different. Therefore, it is best to check out this Skilling review to ensure you know what you are getting into.

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This is a fintech company that was introduced in 2016 to provide services to beginners and professional traders. A Scandinavian tech team incorporated it in Malta and then moved it to other destinations. Its headquarters are now in Cyprus, but it does have a branch in the United Kingdom and there is also an entity operating in Seychelles. But, is this a good broker? You can find the answer below:

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Regulation and Licensing 

You obviously want a safe environment when you trade online and only a regulated brokerage can provide to you. Therefore, you should start by checking whether Skilling is regulated or not. As mentioned above, it had first been launched in Malta, but then shifted its headquarters to Cyprus and got regulated by the Cyprus Securities and Exchange Commission (CySEC). It also got a license to operate in the United Kingdom.

Apart from these locations, you will come to know that Skilling also has a license from the Financial Services Commission (FSC) in Seychelles. Yes, this is an offshore jurisdiction, but the fact that the brokerage is licensed by one of the world’s most renowned regulators works in its favor. It means your funds remain safe in segregated accounts and they offer transparent and open services.

Trading Instruments

The trading instruments of a broker are an important part of your decision, so you cannot determine if a platform is good for you or not without checking their instruments. This is when you will find that Skilling is an excellent choice because they have put together 800 instruments for their clients to choose from. This ensures that every trader can find something suitable to trade according to their risk tolerance. 

The markets that you can trade-in via Skilling include some popular foreign currency pairs, including major and minor ones, and CFDs on energies, indices, stocks, metals as well as a total of 10 cryptocurrencies. These include Bitcoin, Litecoin, Ethereum, Ripple, and more. These options also enable you to diversify your investment portfolio, which minimizes your risks and boosts your returns.

Trading Platform 

Knowing what trading platform is at your disposal is also necessary because your experience will depend on it significantly. You will undoubtedly be impressed with Skilling’s offerings when it comes to trading platforms because they have added several options for traders to explore. You can use the MetaTrader 4 trading platform, which is recognized as one of the leading solutions in the market. 

Apart from that, you will also come across the cTrader, which is another renowned trading platform in the market. In addition, it is important to know that Skilling has developed a proprietary trading software in-house called Skilling Trader for its clients. No matter what platform you opt for, you will find that they are user-friendly, have great research tools, and are suitable for all types of traders. 

Customer Support

The customer support of a broker is also relevant to your trading experience and Skilling has taken this into account. They offer their clients 24/5 customer support and it is available via different channels, such as live chat, international phone number as well as email. 

Ending Thoughts 

With excellent trading conditions, good educational resources, and accommodating account types, you can conclude that Skilling is a good broker for everyone. 

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