Skrill

Forex brokers with withdrawal and replenishment of balance using Skrill.

Logo Forex Broker Trust Score Min. Depo Max. Leverage Spread
RoboForex 99 $10 1:2000
Exness 98 $1 1:2000
Forex4you 98 $1 1:1000
XM 97 $5 1:888
InstaForex 96 $1 1:1000
Pepperstone 96 $200 1:400
Deriv 96 $5 1:150
LiteFinance 96 $50 1:500
AvaTrade 96 $100 1:400
Dukascopy 96 $100 1:200
IQ Option 95 $1 1:500
SimpleFX 95 $1 1:500
ForexMart 95 $15 1:3000
OANDA 95 $1 1:50
XTB 95 $1 1:30
FXCM 94 $1 1:400
FXGlory 93 $1 1:3000
FIBOGroup 93 $1 1:1000
ActivTrades 93 $10 1:400
TradeView Forex 93 $100 1:400
One Financial Markets 92 $250 1:30
Windsor Brokers 92 $50 1:500
Finq 92 $100 1:300
Admirals 91 $100 1:500
PFD 91 $1 1:300
Royal 91 $50 1:30
AAFX Trading 90 $100 1:2000
FX Trading 90 $50 1:500
AAAFx 90 $300 1:30
Markets.com 89 $100 1:300
HF Markets 89 $1 1:2000
AccentForex 89 $50 1:500
Profiforex 87 $1 1:500
Synergy Markets 87 $100 1:500
Trader’s Way 87 $1 1:1000
IC Markets 86 $200 1:500
Grand Capital 86 $10 1:500
Axiory 86 $10 1:777
FXFlat 86 $500 1:400
ICM Capital 86 $200 1:30
easyMarkets 85 $25 1:2000
NPBFX 85 $10 1:1000
IFC Markets 85 $1 1:400
NordFX 84 $10 1:1000
Axi 84 $1 1:500
Blackwell Global 83 $1 1:200
ThinkMarkets 83 $1 1:2000
Weltrade 83 $1 1:500
GBE brokers 83 $500 1:30
Traders Trust 82 $50 1:3000
XGLOBAL Markets 82 $100 1:30
NSFX 81 $300 1:50
CLMarkets 81 $100 1:500
AMarkets 80 $100 1:3000
Hirose Financial UK 80 $1 1:30
Hantec Markets 80 $1000 1:30
Darwinex 80 $10000 1:200
Tickmill 79 $100 1:500
FX Choice 79 $100 1:200
Key To Markets 78 $100 1:500
LCG 78 $10000 1:200
Valutrades 77 $100 1:400
FXPRIMUS 76 $15 1:1000
MTrading 76 $10 1:1000
ADSS 76 $200 1:500
FxGrow 75 $100 1:100
LMFX 75 $5 1:1000
Titan FX 74 $200 1:1000
ForexChief 74 $10 1:1000
VARIANSE 74 $500 1:30
CM Trading 74 $100 1:200
SuperForex 74 $1 1:1000
Gerchik & Co 74 $100 1:100
AAATrade 73 $1 1:200
OffersFX 73 $200 1:400
FX Giants 73 $100 1:30
JFD Brokers 72 $500 1:400
BDSwiss 71 $100 1:400
Land-FX 71 $300 1:500
CIBFX 71 $500 1:200
LQDFX 71 $20 1:1000
FP Markets 70 $100 1:500
Fortrade 70 $500 1:100
FXPIG 69 $200 1:500
Global Prime 69 $200 1:200
Swiss Markets 69 $200 1:500
Global Market Index 69 $15 1:2000
ATFX 68 $200 1:30
Fullerton Markets 68 $200 1:500
Capital Street FX 67 $100 1:3500
ETO Markets 67 $200 1:30
Equiti 67 $500 1:500
Alpari 66 $1 1:1000
Libertex / Forex Club 65 $1 1:600
HYCM 65 $20 1:325
eToro 65 $200 1:400
GOMarkets 65 $200 1:500
Plus500 64 $100 1:300
BMFN 64 $50 1:400
Vantage 63 $50 1:500
FBS 63 $5 1:3000
PaxForex 63 $10 1:500
IronFX 63 $100 1:30
Orbex 62 $100 1:500
Octa (ex-OctaFX) 62 $25 1:500
FreshForex 62 $1 1:2000
JustMarkets 62 $1 1:3000
Axiance 60 $100 1:500
LonghornFX 60 $10 1:500
FxPro 59 $100 1:50
MultiBank 59 $50 1:500
INFINOX 58 $100 1:30
One Global Market 58 $500 1:30
SquaredFinancial 57 $250 1:30
Blueberry Markets 57 $100 1:500
Credit Financier Invest 57 $1 1:30
Olymp Trade 57 $2 1:500
LegacyFx 57 $500 1:200
Just2Trade 56 $100 1:500
Purple Trading 56 $100 1:30
AMP Global 56 $100 1:50
CMS Prime 55 $500 1:500
Scandinavian Capital Markets 55 $10000 1:100
Dizicx 55 $100 1:400
VPFX 55 $100 1:500
Juno Markets 54 $25 1:500
Eightcap 54 $100 1:500
Fxview 54 $50 1:500
M4Markets 54 $5 1:1000
Skilling 54 $100 1:1000
Yadix 54 $100 1:500
NAGA 53 $250 1:500
Anzo Capital 53 $100 1:1000
SmartFX 53 $200 1:400
Forex24 53 $2000 1:400
ForexTB 53 $250 1:30
Milton Prime 51 $300 1:500
HFTrading 51 $300 1:400
XtreamForex 51 $5 1:1000
Trading 212 50 $10 1:30
AZAforex 50 $1 1:1000
MarketsVox (ex-ForexVox) 50 $100 1:2000
AdroFx 50 $25 1:500
Fusion Markets 50 $1 1:500
TMGM 49 $100 1:500
AETOS 49 $50 1:200
Eurotrader 48 $50 1:500
LiquidityX 48 $250 1:30
Evest 48 $250 1:400
Colmex Pro 48 $2000 1:30
GANNMarkets 47 $100 1:400
Trading.com 46 $5 1:30
Baxia Markets 45 $10 1:500
Mitrade 43 $50 1:200
BelleoFX 42 $100 1:500
PU Prime 40 $20 1:1000
XB Prime 40 $10 1:500
FXTM 38 $10 1:2000
FXGlobe 38 $250 1:30
OnEquity 38 $25 1:500
OxSecurities 37 $1 1:400
BlackBull Markets 35 $50 1:500

Skrill is a digital wallet provider established in 2001, with its headquarters located in London, United Kingdom. Primarily, it serves as a platform for online payments, international money transfers, and direct payments with a focus on low-cost international money transfers.

History and Development

Skrill has evolved significantly since its inception. Initially named Moneybookers, it rebranded to Skrill in 2011. A notable milestone was its acquisition by Paysafe Group in 2015, which expanded its reach. Skrill has continually adapted, adding features like cryptocurrency exchange and a prepaid Mastercard.

Services Offered

Key Services:

  • Currency Exchange: Supports over 40 currencies.
  • Money Transfers: Facilitates both domestic and international transfers.
  • Bill Payments: Allows for direct bill payments online.

Benefits for Forex Traders:

  • Currency Diversity: Enables trading in multiple currencies.
  • Quick Transfers: Efficient for moving funds to/from trading accounts.

Fees and Charges

Transaction Type Skrill Fee Comparison
Fund Account 1% (varies) Higher than PayPal
Withdraw Funds €5.50 flat fee Comparable to Neteller
Currency Conversion 3.99% Slightly higher than average

Ease of Use

The Skrill interface is user-friendly, with a straightforward account setup process. Its mobile app enhances accessibility, making it suitable for beginners in the trading world.

Security Measures

Skrill employs robust security protocols, including SSL encryption and fraud prevention tools. Past incidents, though rare, were efficiently resolved, showcasing their commitment to user safety.

Customer Support

Skrill’s customer service is available 24/7 through various channels. While generally reliable, some users have reported delays during peak times.

Global Reach and Limitations

Skrill has a vast global reach, operating in over 120 countries. However, it faces restrictions in some countries due to local regulations, which may limit its use for international traders.

Integration with Trading Platforms

Skrill is widely compatible with major trading platforms and forex brokers, offering seamless integration. A standout feature is its instant transfer capability, highly beneficial for time-sensitive trading.

Pros and Cons

Pros:

  • Wide currency support.
  • Fast and reliable money transfers.
  • Integration with numerous trading platforms.

Cons:

  • Higher fees compared to some competitors.
  • Restrictions in certain countries.

Conclusion

For forex traders, both novice and seasoned, Skrill offers a solid blend of convenience, speed, and security. It’s a “jack of all trades” in the digital wallet world, albeit with a slight pinch in the pocket due to its fees.

Additional Considerations

Skrill is continuously evolving, with plans to expand its cryptocurrency offerings. It’s an ideal choice for traders seeking a versatile, globally-oriented payment system. Remember, in trading, as in Skrill, diversification is key – don’t put all your eggs in one digital wallet!

This review is crafted to offer comprehensive insights into Skrill, making it ready for publication for an audience ranging from Forex trading novices to the more seasoned market players.

Frequently Asked Questions about the Skrill Payment System

Skrill is a digital wallet provider that was established in 2001. It’s headquartered in London, United Kingdom, and is primarily used for online payments, international money transfers, and direct payments with a focus on low-cost international money transfers.

Skrill, originally known as Moneybookers, underwent a rebranding in 2011. A significant development in its history was its acquisition by the Paysafe Group in 2015, which broadened its services and reach. Over the years, Skrill has expanded its features to include cryptocurrency exchange and a prepaid Mastercard.

Skrill offers a range of services including currency exchange for over 40 currencies, domestic and international money transfers, and online bill payments. For forex traders, its services like currency diversity and quick transfer capabilities make it an attractive option.

Skrill’s fees vary depending on the transaction type. Funding an account incurs a 1% fee, withdrawing funds has a €5.50 flat fee, and currency conversion charges are 3.99%. These fees are generally higher compared to PayPal but are comparable to those of Neteller.

Yes, Skrill is designed with a user-friendly interface, making it accessible for beginners. The process of setting up an account is straightforward, and its mobile app further enhances its ease of use.

Skrill employs several security measures including SSL encryption and fraud prevention tools. Past security incidents have been efficiently resolved, indicating a strong commitment to user safety.

Skrill offers 24/7 customer support through various channels. While the service is generally reliable, there have been reports of delays during peak times.

Skrill operates in over 120 countries, giving it a significant global presence. However, it faces restrictions in some countries due to local regulations, which can limit its usage for international traders.

Skrill is widely compatible with major trading platforms and forex brokers. Its instant transfer feature is particularly beneficial for trading, making it a preferred choice for many traders.

Pros: Wide currency support, fast and reliable transfers, and seamless integration with trading platforms. Cons: Higher transaction fees compared to some competitors and restrictions in certain countries.