Skilling Broker Review: An In-depth Look For Traders

As a professional trading broker reviewer, I have the opportunity to assess and analyze different trading platforms, to provide informed and non-biased insights to help traders. Today, I am going to shed light on another popular trading broker – Skilling. This broker review will include essential details about the company, its features, regulatory status, spread, minimum account size, and much more. Please remember, this review is neutral, in line with DayFunded's commitment to provide unbiased information.

The Foundation: Skilling Ltd

Skilling, officially known as Skilling Ltd, is a regulated broker that has been in the business since 2019 after its establishment in 2016. Additionally, the company operates under the name Skilling (Seychelles) Ltd, indicating its presence and operation in various geographical locations.

Broker Average Rating

Although we do not have specific average rating for Skilling at the moment, the reviews and feedback from countless users worldwide suggest that the company is among the reliable ones in the industry. As always, our goal remains to encourage traders to thoroughly assess individual broker and platform features to gain a clear understanding of what they signify for their specific trading preferences.

Minimum Account Size and Position Size

For beginner traders, it is essential to know that Skilling provides an opportunity for them to start relatively small. You only need a minimum of $100 to open an account and start trading. The minimum position size is 0.01, making it accessible for a wide range of traders with different trading capacities.

Regulatory Assurance

A large part of a broker’s reliability hinges on its regulatory status, and Skilling has it covered. The company stands under the jurisdiction of some of the most reputable regulatory bodies, ensuring traders transact within a safe, secure, and regulated environment.

Understanding the Spread

When it comes to the spread, Skilling ensures you incur only minimal to low costs. Spreads are an essential part of trading, and having a lower spread can significantly improve your potential trading profit margins.

Important Broker Feature: MAM and PAMM

One of the more noteworthy features of Skilling is the inclusion of both MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts. These features are incredibly useful for account managers and professional traders aiming to handle multiple client accounts in an organized and efficient manner.

Maximum Leverage

However, we regret to inform you that the data regarding the Maximum leverage provided by Skilling is currently unavailable.

US Traders Notice

Much to the disappointment of US traders, Skilling does not extend its services in the United States. Therefore, individuals within the US looking to trade with Skilling will need to consider other options.

Concluding Thoughts

In summary, Skilling stands as a regulated, reliable broker, especially for individuals who can work with a low minimum account size and minimum position. The platform's services and features make it a considerable choice for traders. However, the lack of support for US traders limits its accessibility.

Remember, understanding what a broker offers and measuring it against your trading goals and strategy is key in picking a broker that suits you best. Therefore, read through the Skilling trading broker review carefully before deciding to use their services.

Stay tuned for more unbiased broker reviews and happy trading!