Don’t Get Duped by Skilling Scammers: A Comprehensive Guide

Skilling is a forex and CFD broker that was founded in 2016. The company is headquartered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, there are a number of red flags that suggest that Skilling is a scam broker.

Company Overview

Skilling is a relatively new broker. This company is based in Seychelles and they have offices in Cyprus, London, Malta, and Spain. They showed some license information on the footer section of their website. They have a good team and they are skilled and professional. But, behind all of these, there are some problems with this company.

Does Skilling Have Any License?

Yes, Skilling is licensed by the CySEC. However, CySEC is not one of the most reputable financial regulators. The CySEC has been criticized for its lax oversight of forex brokers. Also, they are based in Seychelles but don’t have any license from that region.

Is Skilling Regulated By Any Authority?

In addition to the CySEC, Skilling is also regulated by the Financial Services Authority (FSA) of Seychelles. However, the FSA is not a very reputable regulator. The FSA has been accused of being a “paper tiger” that does not effectively regulate forex brokers.

Skilling Pros and Cons

Pros:

• Minimum deposit is low (€100).
• The trading platform is user-friendly.
• The company offers a variety of educational resources.

Cons:

• The company is not transparent.
• The company has a poor reputation.
• There have been reports of customer complaints.

How Does Skilling Reach To Their Prey?

Skilling uses a variety of methods to reach potential customers. The company advertises on social media, search engines, and other online platforms. Skilling also partners with affiliate marketers who promote the company’s services.

Technical Details of Skilling

Minimum Deposit:

The minimum deposit for a Skilling account is €100.

Trading Platform:

Skilling offers two trading platforms: Skilling Trader and cTrader. Skilling Trader is a proprietary platform that is designed for beginners. cTrader is a more advanced platform that is popular with experienced traders.

Spread:

The spreads on Skilling are competitive. The average spread for EUR/USD is 0.7 pips.

Leverages:

Skilling offers leverage up to 1:300. However, it is important to note that high leverage can magnify losses as well as profits.

Packages and Products They Offer

Skilling offers three account types: Standard, Premium, and VIP. The Standard account is the most basic account and has the lowest spreads. The Premium account offers lower spreads and more features. The VIP account offers the lowest spreads and the most features.

Withdrawal and Deposit Method

Skilling offers a variety of deposit and withdrawal methods, including credit cards, debit cards, bank transfers, and e-wallets. The processing time for withdrawals is typically 2-5 business days.

What Do Their Previous Traders Say?

There are a number of negative reviews about Skilling online. Many former customers have complained about the company’s high fees, poor customer service, and unethical trading practices.

Summing Up- Why Should Not You Trust Skilling

There are a number of reasons why you should not trust Skilling. The company is not transparent, has a poor reputation, and has been accused of unethical trading practices. There have also been reports of customer complaints.

If Bad Things Happen, Where Can You Get The Quick Solution?

If you have lost money with Skilling, you can seek help from a financial regulator or a trading scam recovery firm. You can also file a complaint with the organizations that they are being regulated.

Besides these, you can contact us to get quick help. We will provide you with a free consultation and service recommendations to help you in recovering the lost fund.