Skrill Forex Brokers Regulated by the CySEC
Skrill is a simple, quick, and safe digital payment transfer. Formerly known as "Moneybookers", they have served businesses of all sizes. Skrill's focus is on low-cost international money transfers made possible through the internet. It's an online wallet where you can fund or withdraw your trading balances.
As one of the most favorable forex brokers to trade with are those regulated by CySEC (Cyprus Securities and Exchange Commission), here we provide you a list of CySEC forex brokers providing Skrill payment.
Additional FAQ
What brokers provide deposits and withdrawals via Skrill?
- IC Markets: If you fund your capital using Skrill on IC Markets, it will be processed instantly, but they only accept AUD, USD, JPY, EUR, SGD, and GBP currencies.
- FP Markets: In this broker, Skrill payments only accept USD, EUR, and GBP currencies.
- FBS: Skrill deposits are free, but there's a 1% commission for withdrawals.
- HF Markets: The minimum deposit is $10 and will be processed within 10 minutes with no fee.
- OctaFX: If you keep your funds in your Skrill account in Euro, depositing the OctaFX Euro account requires no conversion.
- Vantage: Payment using Skrill in this broker only accepts USD, EUR, GBP, and CAD currencies that will be processed within 24 business hours.
Continue Reading at Skrill for Forex Traders: Benefits and Brokers to Choose
What kind of power does CySEC have?
CySEC is widely recognized to have a weak ability to keep an eye on things and give out light punishments. Forex brokerage firms that CySEC usually regulates only have to pay the penalty to stay regulated. CySEC does not handle refunds, so when there's a loss or the broker goes out of business, traders would have to reach the broker on their own.
Continue Reading at A Guide to Cyprus Securities and Exchange Commission (CySEC)
Yes, Skrill is just as secure as let's say, PayPal and credit cards. Skrill is regulated by the UK's FCA where it's also registered as Money Service Business. This means the company is authorized and audited by the British government, making it undoubtedly a legitimate and reliable money transfer operator.
Furthermore, being regulated by the FCA means Skrill is only allowed to partner up with other trusted companies and follow strict guidelines regarding money laundering. This is important because if Skrill gets caught doing business with scammers, they would risk losing their license and customers.
Continue Reading at Top Brokers for Stock Trading that Accept Skrill
What is the responsibilities of CySEC?
CySEC (Cyprus Securities and Exchange Commission) is an independent public supervisory authority responsible for the following:
- overseeing the investment services market, transferable securities transactions, and the collective investment and asset management sector
- regulates firms that provide administrative services
- market surveillance and investigations
Continue Reading at 6 Best Forex Broker Regulators in the World