Regulated

Score

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/10

Skilling

Cyprus

|

5-10 years

Investment Advisory License|

Common Financial Service License|

Suspicious Overrun|

High potential risk|

Offshore Regulatory

https://skilling.com/

Website

Rating Index
Influence

Influence

B

Influence Index NO.1

Sweden 3.54

Better than 99.30% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
B

Licenses

CYSEC

CYSECRegulated

Investment Advisory License

FCA

FCARegulated

Investment Advisory License

FSA

FSAExceeded

Common Financial Service License

Exchange Info

More
Company Name
Skilling
Phone of the company
+357 22276710
Customer Service Email Address
support@skilling.com

WikiBit Risk Alerts

3
Previous Detection 2024-04-21

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

Common Financial Service License goes beyond their business with the licenses Seychelles FSA (license number: Unreleased), please be aware of the risk!

The regulatory of SeychellesFSA, license number Unreleased, is offshore regulatory, please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

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User Reviews

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1 ratings

Participate in evaluation
FX1144007262
Coin trading on Skilling is quite expensive and has high fees. Furthermore, customer support is slow and ineffective!
2023-12-04 11:41
1
Aspect Information
Company Name Skilling Ltd.
Registered Country/Area Cyprus
Founded year 2016
Regulatory Authority Regulated by FCA and CYSEC; FSA Exceeded
Cryptocurrencies offered 50+
Trading Platforms Skilling Trader, cTrader, MT4
Deposit & Withdrawal Bank wire transfers, MaterCard, Neteller, Skrill, Binance Pay and more
Fees Taker fee 0.1%
Educational Resources Trading articles
Customer Support Email, live chat, WhatsApp, social media and phone

Overview of Skilling

Skilling Ltd. is a Cyprus-based company that was founded in 2016. It is regulated by CySEC and FCA, ensuring compliance with industry standards and regulations. Skilling offers over 50 cryptocurrencies and other trading intruments for trading. The trading platforms including Skilling Trader, cTrader and MT4 provided by Skilling is web-based and compatible with various operating systems, such as Windows, Mac, and Linux, making it accessible to a wide range of users.

Overview of Skilling.png

Pros and Cons

Pros Cons
  • Regulated by FCA and CYSEC
  • The license of FSA is exceeded
  • A range of trading instruments
  • Demo accounts available
  • A range of payment options

Pros:

  • Regulated by FCA and CYSEC: Skilling is regulated by reputable financial authorities, the UKs Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CYSEC). This offers users an added layer of security and ensures the platform operates in compliance with regulations.

  • A range of trading instruments: Skilling provides a diverse selection of trading instruments beyond just cryptocurrencies. Users can access a variety of financial assets like forex, stocks, commodities, and indices, allowing for greater trading opportunities and portfolio diversification.

  • Demo accounts available: Skilling offers demo accounts, which are a great tool for beginners to practice their trading strategies without risking real money. This feature helps users familiarize themselves with the platform and gain confidence in their trading abilities.

  • A range of payment options: Skilling supports multiple payment options, including bank transfers, credit/debit cards, e-wallets, and more. This flexibility makes it convenient for users to deposit and withdraw funds using their preferred method.

Cons:

  • The license of FSA is exceeded: There seems to be an error in the statement about the FSA (Financial Services Authority) license exceeding. Skilling is regulated by FCA and CYSEC, not FSA. Its important to verify and clarify any inconsistencies or misunderstandings regarding licenses to ensure accurate information.

Regulatory Authority

The regulatory situation of Skilling can be summarized as follows:

1. Cyprus Securities and Exchange Commission (CySEC):

- Regulation Number: 357/18

- Regulation Status: Regulated

- License Type: Investment Advisory License

- License Name: Skilling Ltd

Regulated by CYSEC.jpg

2. Financial Conduct Authority (FCA):

- Regulation Number: 810951

- Regulation Status: Regulated

- License Type: Investment Advisory License

- License Name: Skilling Limited

Regulated by FCA.jpg

3. The Seychelles Financial Services Authority (FSA):

- Regulation Number: Unreleased

- Regulation Status: Exceeded

- License Type: Common Financial Service License

- License Name: Skilling (Seychelles) Limited

Regulated by FSA.jpg

Trading Markets

Skilling offers over 50 cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies are known for their market liquidity and popularity among traders. Here are some of cryptocurrencies of Skilling:

  • APEUSD (APEcoin): APEcoin is a cryptocurrency associated with the APEUSD token. Further details about APEUSD can be obtained from the respective platform or exchange where it is available.

  • AVEUSD (Aave): Aave is a decentralized finance (DeFi) platform that enables users to lend and borrow various cryptocurrencies. AVEUSD refers to the Aave token denominated in USD.

  • ATMUSD (Atletico Madrid): ATMUSD is likely a mistaken reference to Atletico Madrid, which is a professional football club. However, its not a cryptocurrency but a sports team.

  • BTCEUR (Bitcoin - Euro): BTCEUR represents the exchange rate of Bitcoin to Euro. It is commonly used to track the value of Bitcoin in relation to the Euro currency.

  • BTCGBP (Bitcoin - British Pound): BTCGBP represents the exchange rate of Bitcoin to the British Pound. Similar to BTCEUR, it is used to track the value of Bitcoin in relation to the British Pound.

  • BTCJPY (Bitcoin - Japanese Yen): BTCJPY represents the exchange rate of Bitcoin to Japanese Yen. It allows for tracking the value of Bitcoin in relation to the Japanese Yen.

In addition to trading cryptocurrencies, Skilling also offers other financial products and services. This includes trading in other asset classes such as forex, commodities, indices, and shares. These additional products and services allow users to diversify their investment portfolio and take advantage of different market opportunities.

1. Forex: Skilling provides access to forex trading where you can trade different currency pairs, including major, minor, and exotic pairs.

2. Shares: With Skilling, you can engage in share or stock trading. It allows you to invest in shares of some of the biggest and well-known companies globally.

3. Indices: Skilling enables its users to trade some of the major global indices, providing a broader view of the financial markets.

4. Commodities: On Skilling, you can trade various hard commodities like gold and oil, and these could serve as a hedge against inflation or market volatility.

5. Soft Commodities: Agriculture products like wheat, corn or coffee are also available for trading on Skilling.

Always remember, trading in these markets involves risks, so it's recommended to make a thorough analysis and research before initiating any trades.

Trading Markets

Skilling Trader App

Skilling has its proprietary trading platform the Skilling Trader, designed with a unique blend of simplicity and power. The platform has been developed by industry veterans, with the aim to cater to both beginner and advanced traders.

Its design emphasizes ease-of-use without compromising on the comprehensive features advanced traders seek. The platform supports a range of powerful trading tools and features, catering to various trading strategies. It's highly accessible, with compatibility across multiple operating systems including iOS and Android, and is also available on the web. This means users can trade on-the-go from almost any device, making it a versatile option for all levels of traders.

Skilling Trader App

How to Open an Account?

The registration process of Skilling can be broken down into the following steps:

1. Visit Skilling's official website and click on the “Sign Up” button to begin the registration process.

click on the Sign Up button

2. Fill in your email and password that will be used to access your Skilling account.

Fill in the required personal information

3. Confirm your email address by clicking on the verification link sent to your registered email.

4. Complete the KYC (Know Your Customer) verification process by providing necessary documents such as a valid ID or passport and proof of address.

5. Once your account is verified, you can proceed to fund your Skilling account and start trading cryptocurrencies and other financial instruments.

Fees

Taker fees are charges imposed by exchanges on users who place orders that are immediately filled from the existing order book. These fees vary from exchange to exchange but commonly start from 0.1% of the value of the position. Besides, If the base currency of your trading account is other than USD, the taker fee will typically be converted to the respective currency at the prevailing exchange rate. This ensures that the fee is calculated accurately based on the value of the trade in your accounts currency. Here are the details of different kinds of fees charged by Skilling:

FINANCIAL INSTRUMENT COMMISSION PER MILLION
EUR/USD $30
GBP/USD $30
Rest FX $30
GOLD $30
SILVER $60
  • Commission calculation formula

Commission = Trade size in base currency * (USD conversion rate * $x per USD million traded) * Account currency exchange rate

  • Unleveraged, Swap Free Crypto Trading Accounts

ZERO LEVERAGE ACCOUNT (NEW)
SPREADS From $0.50 on BTC.
TAKER FEE From 0.1% per side
SWAPS No
ADMINISTRATIVE FEE Yes (0.9% on open trades for 30-day intervals)

Last but not least, the above is part of fees charged by Skilling. It is always advisable for clients to visit their website and review the details of fees, including taker fees, conversion rates, and any other charges applicable to their trading activities.

Deposit & Withdrawal

Skilling offers a variety of deposit and withdrawal methods to accommodate different user preferences. Some of the common deposit methods include bank transfers, credit/debit card payments, and popular e-wallet solutions such as Neteller and Skrill.

Payment methods Processing time Charges
Deposit Withdrawal Deposit Withdrawal
VISA/Mastercard Instant 1business day Free Free
BANK TRANSFER Instant 1business day Free Free
WebMoney Instant 1business day Free Free
Skrill Instant 1business day 0%- 2.9% 0%- 2.9%
NETELLER Instant 1business day 0%- 2.9% 0%- 2.9%
Klarna Instant 1business day Free Free
MiFinity Instant 1business day Free Free
AstroPay Instant 1business day Free Free
BINANCE PAY Instant 1business day 1.4% 1.4%
BANK TRANSFER 2-7 business days 1business day Free $15-$25

Customer Support

Phone: +357 22276710

Email: support@skilling.com

Twitter: https://twitter.com/skillingtrading/

Facebook: https://www.facebook.com/SkillingTrading/

Customer Support.png

Educational Resources

Skilling extends beyond just a trading platform by offering a wealth of educational resources tailored to traders of all levels.

Their Trading Study Hub houses a vast collection of informative articles that delve into various topics surrounding forex, cryptocurrencies, CFDs trading, and more. You can also find data-driven market analysis articles providing valuable insights into the latest market trends.

Furthermore, Skilling caters to the holistic development of traders with resources on trading psychology, helping one maintain mental equilibrium in the high-stress world of trading, and guides on different trading strategies. It also offers the concept of social trading, where traders can learn from and mimic the strategies of successful peers.

Additionally, the hub explains various technical indicators in detail, aiding in the interpretation and usage of these crucial trading tools. So regardless of your experience level, Skilling's educational resources can provide valuable perspectives and knowledge to enhance your trading journey.

Educational Resources

Is Skilling a Good Exchange for You?

Skilling caters to a diverse range of traders, and there are certain trading groups that may find the platform particularly suitable for their needs.

1. Beginner Traders: Skilling offers a user-friendly trading interface and provides educational resources such as trading guides, video tutorials, and webinars. These resources are valuable for beginner traders who are looking to learn about trading concepts and develop their trading skills. The platform's emphasis on education and support makes it an ideal choice for those who are new to trading.

2. Experienced Traders: Skilling offers a wide range of financial products and services, including trading in cryptocurrencies, forex, commodities, indices, and stocks. This variety allows experienced traders to diversify their investment portfolio and take advantage of different market opportunities. The availability of real-time market data and advanced charting tools also enables these traders to conduct in-depth technical analysis and make informed trading decisions.

3. Active Traders: Skilling's platform is designed to cater to active traders who engage in frequent trading activities. The platform provides fast and reliable execution, competitive pricing, and a wide range of trading instruments. These features are important for active traders who rely on quick order execution and tight spreads to maximize their trading strategies.

4. Traders in Regulated Markets: Skilling is a regulated virtual currency exchange, which can provide reassurance for traders operating in regulated markets. The platform adheres to strict regulatory guidelines and implements robust security measures to safeguard user assets and information. This makes it a suitable choice for traders who prioritize regulatory compliance and security.

FAQs

Q: Is Skilling regulated?

A: Yes. It is regulated by CYSEC and FCA.

Q: What deposit methods does Skilling offer?

A: Skilling provides various deposit methods, including bank transfers, credit/debit card payments, and popular e-wallet solutions like Neteller and Skrill.

User Review

User 1: “Skilling is the real deal when it comes to crypto exchanges! The security measures are top-notch, giving me peace of mind that my funds are safe. Plus, they are fully regulated, so I know Im trading on a platform that follows strict rules and guidelines. The interface is user-friendly and intuitive, making it easy for beginners to navigate. They offer a wide range of cryptocurrencies, ensuring I have plenty of options to diversify my portfolio. Customer support is responsive and helpful, always resolving any issues I encounter. The trading fees are reasonable, and the liquidity is great, allowing for smooth and fast transactions.”

User 2: “I love the variety of order types available, from limit orders to stop-loss orders, enabling me to execute my trading strategies effectively. The exchange stability is rock solid, rarely experiencing downtime. Additionally, Skilling offers a fantastic selection of cryptocurrencies, including some lesser-known gems. The interface is sleek and modern, making trading a breeze. ”

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.