When choosing the best Forex & Stock CFD broker and charts to trade the markets with, there are some major criteria that you always need in a broker.
A lot of brokers do not meet these standards and most traders don’t know what they should be looking for which sees them land with a broker they really wish they hadn’t.
We have looked through and tested a huge range of brokers all around the world that have a wide variety of offerings, account types, charting platforms and regulations to see what the best offerings are.
Table of Contents
What to Look For in a Good Forex and Stock CFD Broker
The crucial elements a broker should have are;
- The best charts for price action and other strategies including EA’s/indicators
- Segregate and Keep Your Funds Safe
- Good pricing
- Good bonuses for traders
- Great support
- Good charts and mobile platforms are a must
- Deposit and withdraw fast and convenient with multiple options
- Kept up to date – including with security
- Many markets for trade opportunities
Skilling Broker Review: Who are Skilling?
It is hard to find brokers that are fully transparent, hold client funds (your money) in secure segregated accounts that are audited, but that is what Skilling offers traders.
Pros of Skilling
- Globally Licenced (Including FCA and CySec)
- Up to 200:1 Leverage
- Small Trading Costs
- Small Minimum $100 Deposit
Cons of Skilling
- Do Not Accept US Traders
- Do Not Accept Australian Traders
Skilling is a non-dealing desk Forex broker that provides trading solutions for active day traders and scalpers as well as traders that are new to the Forex market.
They are also a broker that prides itself on being tightly regulated and looking after your money. They have an aim to give you the best trading conditions with some of the smallest costs.
Skilling offers some of the smallest spreads, best fill times and fastest execution in the world which is why they are gaining popularity around the world.
Skilling trading conditions are widely regarded as well above the industry standard. They place a very strong emphasis on competitive spreads and commission charges.
Skilling also offers a range of different trading platforms that can be used on both desktop and mobile.
Simply put; many brokers hide off-sure in different regulations so they do not have to face the strict rules that come from regulators or they are not regulated at all.
This is a real worry for traders and anyone who has a problem with their broker. These brokers are held to far less stringent rules and do not have a watch dog making sure they do the right thing.
The major world regulators such as ASIC in Australia and the FCA in the UK have minimum capital requirements and standard rules a broker must meet to continue to hold their financial licence. They are also there for traders to file complaints against the broker if something happens.
In many cases unregulated brokers also do not have to segregate traders funds. This means that your funds are mixed with that of the broker and are not audited to make sure they are safe. These are real worries.
Skilling are regulated globally in the UK with the FCA, in also with CySec.
Why Use Skilling as a Broker
- Lower Spreads
- Very Tightly Regulated
- Up to 1: 200 Leverage
- Faster Execution
- Superior Technology
- Better Fills
- Best Trading Charts
- The Ultimate in Trading Conditions
- Unrivaled Customer Service
- Advanced Trading Tools
- Trust and Transparency
- Fast deposit and withdrawal
What Markets Can be Traded With Skilling?
A look at the trading markets available and you can quickly see that almost every market a trader could want to trade is available from;
- Forex – From the major like EURUSD to all the cross and exotics FX pairs.
- Cryptocurrencies – a wide range of cryptomarkets to make trades on including Bitcoin and Ripple.
- Indices – Stock indices ranging from the UK100 through to the ITA40
- Commodities – Such as Gold, Silver, Oil, Platinum Soybean and a lot more.
Skilling Account Types
Skilling offer two main accounts types;
Minimum Starting Deposit of Just $100. Good for newer traders, but slightly higher spreads than the premium account.
Good spreads, and flexible trading conditions. The starting deposit is $5,000 for the premium account.
Skilling Platforms: MT4, cTrader and Skilling Trader
The most popular charts by far in the trading world are MT4.
The simple reason for this is because they are incredibly reliable, can be used for very small to very large trading, can handle all sorts of trading from price action technical analysis, right through to complicated indicator and EA strategies.
MT4 charts can be used on PC, Mac, iPhone and mobile and can also be synced in so you are using the same charts in your phone that you are using on your computer.
They are incredibly lightweight and easy to use. And they are free!
Skilling offer traders free MT4, cTrader and the Skilling Trader platform that can be downloaded and used on PC, Mac and also phone / iPad.
Skilling Deposit and Withdrawal
Skilling have a lot of fast and flexible deposit and withdrawal options that include;
- Credit / Bank Card
- Bank Transfer
How to Start Trading With Skilling
Both demo and live accounts are free and do not have any ongoing costs.
#2: Deposit Money Into Your Trading Account
NOTE: Skilling has many free deposit methods that means every cent you deposit will end up in your trading account.
#3: Start Demo / Real Trading
When you signup to Skilling you will gain access to the free demo platform charts as well as being able to open your live account.
You can now start practice trading with virtual money just like you would in the real markets.
When you are ready you can then begin using your real capital to trade yourself.
Your broker selection is key to becoming successful. You need a broker you can trust and do not have to worry about.
Skilling have now been around for four years and are quickly becoming a very popular broker.
The fast execution, small spreads and trading costs and great charts are why they have so many active traders and are so popular.