How does Skilling work? What are the characteristics? Let’s find out together!
Looking for a platform for online trading? Today in this guide we want to talk to you about Skilling a company that operates in the fintech sector and offers a modern technological platform and that is aimed at both beginner and experienced investors.
Skilling allows the use of more than 800 financial instruments for both trading CFDs and forex. Therefore, you have access to various currency pairs, stocks, indices and commodities.
79% of retail investor accounts lose money in trading with this provider.
But let’s see in detail how Skilling works, its main platforms, costs and opinions.
Index
- Platforms and functions
- Count demo
- The products offered by Skilling
- What are Skilling’s commissions?
- How to pick up on Skilling
- Is Skilling safe?
- Customer Service
- What are the opinions on Skilling?
- Join the jadnews Club. It is free!
Platforms and functions
Skilling is an online trading broker that offers access to investment tools on three different platforms that are available for both iOS and Android desktops, smartphones and tablets. Let’s see together, how the 3 platforms work.
1. L a platform Skilling trader
The Skilling trader platform is very simple and fast. This is intuitive, cared for and ideal for both beginners and the most experienced. The Skilling trader platform presents an integration with cTrader Skilling that also allows you to trade without any interruption, even if you use both platforms.
If you are new to the trading industry, the platform provides a Skiling trading assistant that serves to explain the basics of trading for beginners and open the first position in the market.
Skilling trader has technical indicators and tools for chart drawing. These tools are used to carry out in-depth analysis. In addition, you can perform operations quickly with an average of 0.05 seconds.
The platform accessible from web desktop, smartphones and tablets iOS and Android, provides 800 tools to trade that cover various Forex markets, indices, stocks, commodities and digital currencies.
2. The Ctrader Skilling Platform
The the second platform which you can use to trade with Skilling is cTrader. This allows access to a trading platform with advanced functions that also allows customization with coding, quick insertion and optimal trading functions.
With the Ctrader you have access to a platform that is also very intuitive and gives access to 800 financial instruments. With this, more experienced traders will also have the opportunity to focus on important functions such as order execution and charting.
Those looking for advanced analysis tools on a mathematical basis with this platform have access to an algorithmic trading system. An automated editor who serves those who want to carefully schedule its operations for forex and automated CFD trading.
Finally, the cTrader accessible from smartphones, tablets and iOS offers ultra-fast order execution, just 0.05 seconds, and a complete package of charts with best-in-class packages with a selection of various layout and presentation modes.
Metatrader 4
MetaTrader 4 is an established trading platform used by several brokers, plus Skilling. This platform provides a global support system and optimal customization options.
The platform is consolidated and with automated trading that presents an EA system. In addition, you can also take advantage of several plugins to customize the platform.
With EA’s algorithmic system you can make automated trading operations in both the forex and CFD fields. Finally, this platform offers a large amount of information to be viewed, which can be defined by the user, and is available for Desktop and iOS and Android smartphones, or in the web app version. On Metatrader 4 you can operate with a maximum of 200 different assets from forex, to indices up to raw materials.
Count demo
Skilling offers subscribers the ability to freely access one of its three platforms for online trading, doing demo trades with a virtual account and therefore without the risk of losing real money.
You can choose to access one of the three platforms made available by Skilling by registering with your name, surname, email address and phone number. Once you have accessed in Demo mode, you can use all the functions made available by the platforms, and open positions on the markets in real time.
Of course, in Demo mode, being a training system and to try specific online trading strategies, it does not foresee any risk of losing your real funds, as you use a portfolio with virtual money.
The products offered by Skilling
Skilling allows you to Trade online on different assets. The main products presented by this platform are:
- Forex trading: you can open positions on specific forex pairs, including the most popular ones in the industry such as: EURUSD, GBPUSD, USDJPY with a competitive spread fee. You can select from 70 different currency pairs.
- Trading Stock Trading: CFD trading conditions on stocks, offers the possibility to trade with reduced spreads, without any commission and with a very transparent price structure.
- Indice trading: CFD trades can be made on the various higher indices. In this case you can explore various trading opportunities with the possibility of access to the trend of indices such as Germany 30, UK 100, Spain 35, S&P500 etc.
- Raw Materials: in this case you can open positions on different raw materials including popular ones such as silver, oil, gold, natural gas etc…
Minimum deposit
The minimum initial deposit for the Standard customer account is 100 euros. For Premium customers, the minimum deposit is 5000 euros.
Methods of payment
The payment methods for making a deposit on Skilling are different. Specifically, it can be deposited on the account with different payment systems. The main ones are:
- Credit and debit cards with payment system in 1 hour
- Trustly by bank transfer, which provides for the payment in a maximum of 3 working days
- Skrill and Neteller: pay within 1 hour
What are Skilling’s commissions?
Skilling customers may incur specific commissions. Among the main ones are:
Swap rates: These are applied at the end of the trading day. In this case, the positions held on the account are subject to a “rollover” or “swap” charge. The cost can be both positive and negative, depending on the direction of your trade and the applicable rate.
The charge of the rollever fee is calculated and charged once a day except Wednesday.
Swap rates on Metalli Spot and Forex: in this case the commission for forex pairs, cost, income is applied and is calculated as the interest rate differential between the TNDR deposit rates of the 2 currencies on which it has been operated. In addition, on the commissions, it is necessary to consider the markup that is applied by the company on which the position is held.
Forex Swaps are calculated with: Pip value x Swap rate and Number of days /10
Swap share rates are based on the underlying interbank rate plus the relevant share plus the company’s markup and are calculated using specific equations such as:
- Swap Long: Unit x Price * Markup + Libor /365
- Swap Short: Unit x Price * Markup – Libor /365
The stock Markup is 4% on buying and 3% on sales transactions for standard accounts. For premium accounts, the Markup’s commission is 3.5% for buying positions while 2.5% for sales transactions.
How to pick up on Skilling
You can use different methods to withdraw the money in your digital wallet. The important thing is that if there are open positions, 20% of the free margin must remain in the account for the maintenance of the same, otherwise they will be closed.
To make withdrawals on Skilling you can send money on:
- Trustly by bank transfer from 0 to 3 working days
- Credit or debit cards 1 business day
- Neteller and Skrill: 1 working day
Is Skilling safe?
Skilling is a reliable broker as it is regulated and in possession of different licenses of financial auditors of various nations.
Specifically, it presents the license by CySEC, which allows the broker to rank among those with a good number of licenses and controls on the European plan.
Finally, consider that Skilling is a highly secure platform in terms of protecting your financial data and SSL encryption that allows you to encrypt your data before it is shared online.
Customer Service
Skilling customer service is available from Monday to Friday from 08:00 to 22:00 via live chat. If you prefer phone support, this is active from Monday to Friday from 08:00 to 17:00.
As for e-mail support, you can send a support request to support.skilling.com at any time and you will get a response within 24 hours.
What are the opinions on Skilling?
Skilling even if present among online trading brokers has recently managed to find space on the Italian landscape, attracting the attention of both experienced investors and those who are still beginners.
The broker comes with low fees that depend on the type of trade executed, and also offers an excellent speed of execution of the trades that have made the platform attractive. Its safety and regulation are also considered optimal by registered users.
Finally, users are very positive for accessing three different platforms, which all offer a well-designed user interface and financial tools for analyzing positions that are suitable for both beginners and experts.
