Contents
- 1 What should I know to find the best Skrill FX broker?
- 2 What does Skrill offer to its clients?
- 3 Why is Skrill a good choice for Forex traders?
- 4 What are the currencies that can be used by Skrill clients?
- 5 How can I deposit and withdraw funds from the Skrill account?
- 6 Why should anyone use Skrill of Forex trading?
Skrill is an excellent and very popular way to fund your Forex trading account. There are many Skrill FX brokers on the market and more and more people are starting to enjoy everything that these brokers are offering. If you want to learn more about why people are using this payment method for funding their FX accounts, read this quick guide carefully, and get a lot of interesting and accurate information!
Skrill represents an e-commerce service that allows electronic purchases and money transactions among many things, one that makes it very popular is that it has one of the cheapest fees when it comes to international transactions. Because of that, more and more people are starting to use Skrill both, in the world of Forex and other fields.
A great thing about Skrill is the fact that it offers clients the opportunity to make payments in 40 different currencies. You can create a Skrill account in one out of the 40 supported currencies and then add some more later. You also have the opportunity to buy the Skrill-branded prepaid card, which is very popular among many, and use it for four different currencies, USD, EUR, PLN, and GBP.
This and many more make Forex brokers accepting Skrill as a payment method very popular among traders around the world! the access to such a huge variety of currencies is vital in Forex trading and in addition to that, the safety and speed that this method offers make it a perfect match for any trader.
What should I know to find the best Skrill FX broker?
There are hundreds of different Forex brokers that accept Skrill around the world. To make your jobs easier, we have decided to create a list of the best Forex brokers on the market. Take a look at the table below!
Licences
FCA, CySEC, IFSC, ASIC, DFSA
Min. depo
$5
Leverage
1:888
Platform
MT4, MT5, WebTrader
XM
Licences
ASIC, FSA, FSCA, FFAJ, FSRA, FSC
Min. depo
100 USD
Leverage
400:1
Platform
MT4, MT5
AvaTrade
What does Skrill offer to its clients?
There are many things that can be enjoyed with Skrill. In recent years, it has managed to become one of the fastest and safest payment methods on the market!
- Skrill represents one of the most secure, fast, safe payment methods on the market.
- You can store all your credit card and account details in one place with the help of Skrill.
- With Skrill, you have the opportunity to enjoy many different types of benefits, among them is the VIP status!.
In most cases, the main reason why Forex trading is using Skrill is that the payments with it can be made in a very short time. This is very important for many traders since most of them want to start trading at soon as they have deposited money on their trading accounts. However, in some cases, the waiting time can also be influenced by the Forex broker, so, be sure to check the information carefully before you start trading!
Why is Skrill a good choice for Forex traders?
There are many Skrill supported Forex brokers on the market, and not for the wrong reason. Skrill is one of the companies that is working very hard to encourage its users to try out Forex trading and in recent years, it has managed to further popularize the field. The one thing that makes it so popular among traders is that it is available in many different countries around the world, including the UK, most of the EU member countries, and the US.
Skrill is also one of the easiest platforms on the market to use, you do not need to do a lot for transactions, just a few clicks and you are done!
Who can use Skrill for Forex trading?
There is a very long list of countries where Skrill is available. Skrill offers its services to the citizens of 201 countries! The thing that makes it so popular is that this payment system is based in Europe, which means that it is authorized by the regulatory bodies of the EU. It is a well-known fact that Skrill offers its users one of the safest and the most secure environment on the market!
There are many brokers who accept Skrill payments, but the real question is, which ones are the best? While working on this guide, we made sure to focus as much on the quality of brokers as we could. Below are some of the best Skrill FX brokers that you can start trading with right now.
XM
Min. Depo
$5
Licences
FCA, CySEC, IFSC, ASIC, DFSA
Leverage
1:888
Platforms
MT4, MT5, WebTrader
AvaTrade
Min. Depo
100 USD
Licences
ASIC, FSA, FSCA, FFAJ, FSRA, FSC
Leverage
400:1
Platforms
MT4, MT5
Exness
Min. Depo
$10
Licences
CySEC, FCA, SFSA
Leverage
1:2000
Platforms
MT4, MT5
FundedBull
Min. Depo
49 USD
Licences
N/A
Leverage
N/A
Platforms
MT4, MT5, cTrader
Forex.com
Min. Depo
$100
Licences
NFA, CFTC, FCA, FSA, IIROC and CIMA
Leverage
1:50
Platforms
WebTrader, MT4, MT5
CMTrading
Min. Depo
250 USD`
Licences
FSCA
Leverage
1:200
Platforms
MT4, WebTrader, Copykat
Plus500
Min. Depo
$100
Licences
FCA, ASIC, CySEC, FSCA, FMA, MAS
Leverage
1:30
Platforms
WebTrader, Windows 10 Trader
What are the currencies that can be used by Skrill clients?
As we have mentioned earlier, there are 40 different currencies that are available at Skrill. This kind of access to such a huge variety of currencies is very important for many traders, while using Skrill for Forex trading, you can make deposits with EUR, CAD, GBP, AUD, CZk, CHF, and many others!
Something that we want you to keep in mind is that Skrill does not offer withdrawals in US dollars, in most cases, the withdrawals that are made in USD are changed into EUR. However, Skrill says that the currency in which your withdrawal will be processed will be shown during the submission of your request. Also, keep in mind that transactions that involve currency conversion have a fee of 3,99%.
How can I deposit and withdraw funds from the Skrill account?
Something that makes Skrill so popular is that customers have the ability to deposit funds on their Skrill accounts for free, however, there are some fees charged during withdrawals. But, you can avoid the fees altogether by becoming a Silver, Gold, or Diamond VIP member!
The process of depositing and withdrawing funds from your Skrill account is very simple and takes only a few minutes.
What are the documents needed for money deposits or withdrawals?
In most of the cases, Skrill Forex brokers might require to verify users before they are allowed to withdraw funds. They might include, IDs, passports, or EU driving licenses that were issued by the government. Also, some type of bill that shows your full name and address, in addition, there might be some other types of papers needed from you to make a withdrawal from Skrill accepting Forex broker.
What is VIP and how can I become one?
VIP is a great opportunity for Skrill users to avoid different types of fees. There are a total of four different levels of VIP for each quarter, and if you manage to hit a certain amount of money transacted during the quarter, you will be able to become a VIP member. The VIP levels of Skrill include Bronze, Silver, Gold, and Diamond. To become Bronze, you will have to transact at least €6000 per quarter, for Silver €15000, for Gold €45000, and finally, for Diamond, you will need €90000.
Why should anyone use Skrill of Forex trading?
Forex is one of those fields where safety is very important. By providing one of the safest and the most secure environment, Skrill stands to be one of the best choices for funding a Forex trading account. We have already talked about many reasons why and how to use the Skrill FX brokers, but the final decision is yours to make!
We would like to recommend that you do good research before you start trading! There are many brokers on the market that accept Skrill payments, so you do not have to go for the second-best.