There are many benefits of using Skrill as a payment method for deposit and withdrawal. Here is the complete guide of Skrill forex brokers that you can choose from.

Every broker has features and factors that need to be considered carefully. For safety, you should look for the broker's identity and legality. For the trading support, it is a matter of account specifications like spread, leverage, minimum trading size, as well as facilities like trading platforms and analytical tools. The whole broker features also include payment methods. All clients will consider the options cautiously,  as a mistake in choosing a payment method will lead to delays, extra fees, and even losses. One of the best e-payment systems is Skrill. It is recommended by many brokers and it is a good choice to be used as your best partner in trading.

Skrill Forex Brokers

 

 

What is Skrill?

Skrill is a popular digital payment system previously known as Moneybookers. Despite the rebranding, Skrill's policy and service remain the same. Even better, the new name brings this e-payment to become more popular for any financial transactions.

Skrill is also used by forex traders from many countries. Every trader, of course, needs a quick and safe transaction, especially if it deals with a big amount of money. Accommodating the need, Skrill is managed and operated by the best accounting specialists and financial leaders so it won't put you at high risks.

 

5 Benefits of Using Skrill

Highly recommended among its peers, Skrill is a secure and simple online payment system. It has been approved by many brokers and traders worldwide. The followings are the advantages of Skrill for forex traders:

  1. Very fast. The point of having a profit is you can withdraw it quickly and enjoy it. Using Skrill won't spend much time because every transaction is processed instantly. You cannot do that through a bank wire transfer that usually takes 3-5 business days.
  2. Transparent. All financial clients always need transparency from their payment partners. Don't worry, Skrill offers a transparent report that is published weekly or monthly. They report all of your transaction records. It is good for the advanced analysis of your funding activity as you will know your deposit and withdrawal history.
  3. Accepted by many brokers. The old clients of Moneybookers still use Skrill until now. So, it won't be difficult for you to find a decent broker that accepts deposit and withdrawal via Skrill. You can also choose Skrill forex brokers based on their reliability and credibility.
  4. Free service. Don't worry, no extra fees for you whether you make deposits or withdrawals. No matter the amount or the time you make the transactions, there won't be any fees charged.
  5. Special privileges. Many brokers have partnerships with Skrill and there are extra advantages that come with it. A broker can give special perks for clients who use the payment system. The rewards can be free credits, bonuses, or interesting trading features. All you need to do is making sure to use Skrill as your gateway to deposit and withdrawal transactions.

 

Skrill Forex Brokers

Skrill forex brokers are essentially brokers with standard features and tools for tradings. They also offer forex bonuses and other common things on trading platforms. What's different is the brokers support Skrill as a payment method among others.

If you choose a trusted broker with Skrill as its payment method, all of your financial transactions will be much more protected. First, the broker itself protects your account, and second, Skrill also protects your transaction. The good thing is you can deposit and withdraw your money through the Skrill payment system, so it will minimize your time and cost.

Skrill has been used by many brokers because of its excellent service. Below are some recommended brokers who accept Skrill as their payment method.

IC Markets

Spread
Variable
Regulation
ASIC, ACN 123 289 109
Min Deposit
$200
Established
2007

Interest rate on funds
Free education
PAMM accounts
MAM accounts
Segregated accounts
Managed accounts
Payment
Bitcoin
BPAY
Credit/debit cards
FasaPay
Neteller
PayPal
Skrill
UnionPay
Wire transfer

IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).

On the other hand, non-Australian traders who open an account in this broker are registered under IC Markets SEY that is based in Seychelles, and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.

Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.

The minimum deposit in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website, proving their competence to serve their traders with important contents created by market experts that work specifically for them.

For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.

As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.

To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.

IC Markets is a brokerage in Australia that was established in 2007. It is regulated under the Australian Securities and Investments Commission (ASIC), the Seychelles Financial Services Authority (FSA), and the Cyprus Securities and Exchange Commission (CySEC).

Its trading accounts vary from Raw Spread (cTrader or MetaTrader) and Standard (MetaTrader). The spreads begin from zero pips on the Raw Spread account. The standard account usually is free from commissions with spreads starting from 1 pip. IC Markets also provides new traders with a demo account and the choice to apply for swap-free benefits.

The broker's design and features are suitable for newbie and professional traders, scalpers, and high-volume traders because it relies on the New York Equinix NY4 data center which processes more than 500,000 trades every day. Besides, it supports additional trading features such as social trading platforms from Myfxbook and ZuluTrade. The IC Markets benefits are:

  • No commission (in Standard account).
  • The raw spread accounts are provided on the institutional grade liquidity.
  • The educational material and videos are well-presented.
  • MetaTrader and cTrader are compatible with the web, mobile, and desktop interfaces.
  • For consultation and support, customer service is available 24/7.

 

FP Markets

Spread
Variable
Regulation
ASIC, 286354
Min Deposit
$100
Established
2005

Bonus offers
Free education
Personal manager
Trading by telephone
PAMM accounts
MAM accounts
Segregated accounts
Affiliate program
Islamic accounts available
Payment
Bitcoin
Credit/debit cards
Dash
Dragonpay
Ethereum
FasaPay
Litecoin
Local bank transfer
Neteller
Ripple
Skrill
Tether (USDT)
USD Coin (USDC)
Wire transfer

It is a brokerage from Australia and is a brand of the First Prudential Markets Pty Ltd. FP Markets operates for more than 14 years and becomes quite well-known due to its excellent service, trade execution, and trading education. The benefits of trading with FP Markets are:

  • It has modern trading platforms.
  • It offers low spreads on forex currency pairs.
  • It comes with more than 10,000 trading instruments.
  • It comes in multi-languages and fast-response customer support.
  • It is regulated by ASIC, one of the top FX regulations in the financial industry.

 

XTB

Website
www.xtb.com
Spread
Variable
Regulation
CNMV (Spain), 40
Min Deposit
$1
Established
2002

Free education
Personal manager
PAMM accounts
Segregated accounts
Affiliate program
Islamic accounts available
Payment
Credit/debit cards
Neteller
PayPal
Skrill
Wire transfer

With more than 15 years of experience, XTB (rebranded from X-Trade since 2009) is one of the largest brokers in the world. They have offices in more than 10 countries, including Belize, UK, Poland, Germany, Spain, and France. XTB Group is regulated by the world's biggest supervision authorities including the IFSC, FCA, KNF, and CySEC.

As a regulated company, XTB holds all retail clients' funds in a fully segregated account, meaning they are not mixed with the broker's operational funds. This enables traders who register in XTB to trade with confidence in their funds' safety.

XTB tries to provide an easy-trading anytime and anywhere. They have a mobile application, xStation to realize that vision. Traders can access financial markets from their fingertips and choose from over 1,500 CFD markets including 48 currency pairs, cryptocurrencies, 20 indices, commodities (gold, oil, silver, etc.), stock, and 60 ETFs from around the world. This application can be downloaded in Google Play and App Store.

Traders also can access their platform by PC. XTB offers a web trade platform with access to more advanced tools for more advanced traders. It's fully compatible with Chrome, Firefox, Safari, and Opera web browser. Traders are provided with fast and reliable trade execution speeds. No wonder this platform has successfully presented XYB with awards such as Best Trading Platform 2016 by Online Personal Wealth Awards. Additionally, MetaTrader 4 is also available when trading in XTB.

XTB charges fees for forex, indices, and commodities trading. The amount of fees differ based on the types of accounts. For example, in Pro Accounts, traders have to pay a commission from $3.5 per lot for forex and a commission from 0.08% per lot for stock CFDs and ETF CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. When trading, clients have to prepare strategies. Based on XTB's data, 75% of retail investor accounts lose money when trading CFDs. Because of that, clients should consider their level of understanding of CFD trading and their affordability to take high risk.

Traders can increase knowledge by joining XTB's Trading Academy program. There is a vast array of content that's geared towards helping traders, including video tutorials, trading courses, articles, and much more. Traders can choose a topic from different levels of education and enhance their skills across the stages of the trading journey.

Furthermore, there are several ways to deposit funds in XTB, including bank transfer, credit cards (Mastercard, Maestro, Visa), as well as e-Wallets (Skrill, Paysafe, Neteller, and many more). But, some of these methods may incur additional charges. For example, when using Neteller methods, traders have to pay 1% of their deposited amount.

Traders can contact XTB's customer support that is available 24/7. They are ready to answer all of the traders' questions and solve the problems, whether by email, phone, or live chat.

Overall, XTB is recommended as an ideal broker with top-tier regulation and trading platforms. Its education feature is also worth joining in as many traders are still in the process of perfecting their consistency and continue to learn the dynamic change in the forex market.

It is an online place for stocks and forex trading. There are more than 1500 global stocks you can trade in XTB and it comes with negative balance protection. The commission is as low as 0.08% with 5-time trading leverage. Here are the advantages and disadvantages of using XTB:

Strengths

  • It supports ETF and crypto-trading.
  • It is FCA-regulated.
  • It is a good place for all levels of traders.
  • It provides in-depth market analysis.

Weaknesses

  • It doesn't support weekend trading even for cryptocurrencies.
  • It has low maximum leverage (due to regulation restriction).

 

Pacific Financial Derivatives Ltd (PFD)

It is founded by a Japanese professional investor and operates in Auckland, New Zealand. It is a worldwide online broker that offers indices, forex, and commodities. The strengths and weaknesses are:

Strengths

  • It is experienced for more than 15 years.
  • It is regulated under FMA in New Zealand.
  • It charges a low fee for trading.

Weaknesses

  • It provides a forex demo account, but it only lasts for 15 days.
  • No promotions, incentives, or bonuses for motivating its clients.
  • The education kit is not enough for a newbie.

 

FXTM

Spread
Variable and Fixed
Regulation
CySEC, 185/12
Min Deposit
$10
Established
2011

Bonus offers
Trading contests
Free education
Personal manager
Trading by telephone
Segregated accounts
Affiliate program
Islamic accounts available
Payment
Bitcoin
Credit/debit cards
DIXIPAY
FasaPay
Google Pay
Neteller
Perfect Money
QIWI
Skrill
UnionPay
WebMoney
Wire transfer
YooMoney

FXCM (Forex Capital Markets) is a brand name of a retail broker for trading on the financial market, especially the foreign exchange market. The broker was founded in 1999 and was originally headquartered in the United States. After a series of lawsuits from customers and case settlements by the US regulator (CFTC), FXCM moved from the US and became a UK-based broker, authorized and regulated by the Financial Conduct Authority (registration number 217689).

During 20 years of experience in the forex industry, there are about 2 million traders choosing Alpari as the broker to trade with. Alpari has a head office on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. The company is regulated in St.Vincent and the Grenadines (the licensed number is 20389 IBC 2012), IFSC Belize (the licensed number is IFSC/60/301/TS/18).

This broker uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools, and an easy-to-use interface. For higher volumes, the company also provides the Alpari International Direct platform which offers enhanced features for advanced investors.

The company offers an array of live trading accounts to choose from. Each one offers different opportunities and allows traders to trade in different ways. All of their accounts use USD, EUR, GBP, and NGN as the options for base currency. But, NGN accounts are only available to clients in Nigeria.

Each kind of account has a different spread. At Standard Account provides spreads from 1.2, the spread of Micro Accounts is from 1.7, and ECN Account and Pro Account have spread from 0.4. A trader can open an account in Alpari and opt to trade currencies (FX majors, FX minors, FX exotics, and FX RUB), spot metals, spot commodities, stock trading, spot indices, and crypto-currencies.

A trader can find out what the minimum spreads, pip value, swaps, and trading session times are for each instrument before start trading. If the trader is still not sure where to begin, they can found the answer in a guide provided by Alpari on their official website.

Their guide to trading is designed to break down the terminologies and answer the most frequently asked questions by traders. A trader will be trading more quickly and with more confidence in no time.

Besides, Alpari offers PAMM (Percent Allocation Management Module) which allows a trader to choose their desirable Account Manager. This allows traders to have a chance in gaining more profit without advanced knowledge of forex trading. These managers usually have a wealth of experience in the markets, with tried-and-tested strategic trading decisions.

This program also gives opportunities for well-seasoned traders to become Strategy Managers. As Strategy Managers, they can use their trading experience and earn more from profitable trades. They have privileged access to Alpari's advanced programs and all the tools they need to cultivate a massive following of investors. The investors then will help Strategy Managers to earn more through commission fees up to 40%.

Their website also provides various Forex Trading Strategies. Because to increase the chance to profit, it's important to know as much about the markets and the trading strategies behind them as possible. Alpari believes that strategies provide traders with a roadmap for trading, reducing panicked decision-making that can occur in the heat of the moment. In other words, trading in Alpari allows traders to learn about any kind of forex trading strategy.

For educational purposes, the company provides Trading Webinars, one of the variants of technology that allows users to hold seminars, talk shows, and discussions online, without having to communicate face to face.

Alpari creates a very convenient funding and withdrawal experience for each trader. A trader can transfer with any kind of methods, such as e-payment (example: FasaPay, Local Transfer, TC Payment, etc), credit cards (Visa, Mastercard, and Maestro), E-Wallet (Neteller, Skrill, VLOAD, TC Pay Wallet, WebMoney, Perfectmoney, Bitcoin), and bank transfer. If there's been no trading activity on the trader account for at least 6 months, an inactivity fee of 5 EUR/USD/GBP will be applied.

All Back office transfers are processed during standard business hours, 03:00-19:00 GMT+2 (GMT+3 during DST), Monday-Friday. If traders still feel confused, they can contact Alpari's team by any method, such as Live Chat, Telegram, or email.

FXTM stands for ForexTime. It does mean a platform for forex trading, so the features and tools are focused to support forex traders. The features include more than 50 currency pairs (minor, major, and exotic pairs), and the leverage is up to 1:1000.

See also: How Much Leverage from Broker You Should Use?

FXTM is regulated by Cyprus Securities and Exchange Commission, International Financial Services Commission (IFSC), and other regulators from the EU and outside the EU. However, FXTM still has strengths and weaknesses:

Strengths

  • It offers competitive spreads for trading.
  • It offers more than 250 products for trading globally (shares, indices, forex, commodities, and cryptocurrency CFDs).
  • It supports MetaTrader 4 and 5 platforms.

Weaknesses

  • It does not support the Mac desktop.
  • It has a low maximum order size.

 

Plus500

Spread
Fixed
Regulation
ASIC, 417727
Min Deposit
$100
Established
2008

Bonus offers
Affiliate program
Payment
BPAY
Credit/debit cards
giropay
iDEAL
PayPal
Przelewy24
Skrill
SOFORT
Wire transfer

Plus500 is a UK-based company with its main offices located in the city of London. The company is authorized and regulated by FCA. For traders who are looking for a broker with top-tier regulators, Plus500 can be the right choice.

Plus500 offers 2,000 instruments to over a million clients. List of instruments available for trading with their CFD service include forex currency pairs, indices, cryptocurrencies, commodities, shares, and ETFs. Traders can choose instruments suitable for their needs.

Regardless, beginners should be extremely cautious while choosing their assets, as it can get daunting, confusing, and inherently risky.

When traders open an account, Plus500 will hold traders' funds on a segregated basis, following FCA's client money rules. Traders do not need to worry about Plus500 using their funds for hedging, as it is strictly prohibited to use clients' funds for this purpose.

Other advantages when trading in Plus500 are tight spreads and no commissions. The company only offers a single type of account, but traders can update the account from Retail to Professional by following some standards.

To apply Professional Accounts, traders have to fulfill at least 2 of the following 3 criteria eligible, such as sufficient trading activity in the last 12 months, financial instrument portfolio of over 500,000 Euro, and relevant experience in the financial services sector.

Plus500 is well-regarded for its services through the market spread, leverage up to of 1:30 for Retail Accounts, and leverage up to of 1:300 for Professional Accounts. Plus500 tries to give a sensible choice of leverage, which not only controls the risk but also helps novice traders to exercise more control over their trading emotions.

Founded in 2008, Plus500 provides almost the same features to both Retail and Professional account, including clients' money protection, negative balance protection, best execution for orders, clear and transparent information, as well as financial services compensation scheme. Still, Professional account is more advanced as it has access to FOS.

Based on the statistics, 76.4% of Retail account owners in Plus500 lose money when trading CFDs. Because of that, Plus500 always warns traders to consider their understanding of how CFDs work and their affordability to take high risk of losing money, before starting a trade in Live Account.

Even so, Plus500 has gained the trust of traders throughout the world. They have around 39 million positions opened, 304,000 active customers, and billions of volume trading processed by their system.

Plus500 always tries to give the best services to their clients. One of the ways to reach their goals is by making clients feel confident in their trading activity. They have a simple and easy-to-use trading platform, with an especially well-designed mobile platform. Traders can access the Plus500 platform via web-trader, iPhone/iPad, and Mobile App.

In their platform, traders will get advanced tools such as stop limit, guaranteed stop, free email and push notifications on market events, and alerts on price movements. All of these tools can help traders to navigate the market with better understanding.

As for payment methods, Plus500 provides various choices like Visa or MasterCard, electronic wallets (PayPal and Skrill), and bank transfer (direct bank to bank funds transfer).

For any concerns, troubles, or trading issues, traders can contact Plus500's customer service that is available 24 hours a day and 7 days a week. The official website of Plus500 can be accessed in 24 languages.

Overall, Plus500 has some advantages and disadvantages. As it has a license from an elite regulator, traders can feel safe when trading in Plus500. It also provides a 24/7 support team to help traders. But, offering leverages up to 1:300 is not suitable for high-risk traders, such as scalpers, who indulge in high-frequency trading that holds positions in the market for a brief period and typically use high leverage.

The name of this broker is famous due to its sponsorship of some popular football clubs. It is also listed on the London Stock Exchange. With this broker, you can trade commodities, shares, forex, ETF, indices, and options worldwide with a proprietary platform.

Strengths

  • It has tight spreads with no commissions at all.
  • The leveraged trading opens for more than 2,500 financial instruments.
  • It comes with sophisticated risk management tools such as trailing stop orders or guaranteed stops.

Weaknesses

  • No educational materials.
  • Poor customer support.
  • Very few analytical contents.

The most important thing in trading is choosing a very efficient and free-of-charge payment method for your trading activities. Skrill comes with those advantages but they will become futile if your chosen broker is not reliable. To improve your research on Skrill forex brokers, consider this side by side comparison as a helpful tool:

Feature Go to FP Markets Go to IC Markets Go to FXTM

Rating

General Rating 4.52/5
4.23/5
3.41/5
Trustpilot 4.9/5

rated by 2731 users
4.9/5

rated by 22094 users
3.4/5

rated by 690 users

General Information

Office(s) Australia Australia, Hong Kong and Viet Nam Belize, Cyprus, Mauritius, South Africa and United Kingdom
Regulation ASIC 286354
CySEC, 371/18
ASIC, ACN 123 289 109
CySEC 362/18
Securities Commission of The Bahamas, SIA-F214
The Financial Commission, 25.11.2021
CySEC, 185/12
FCA (UK) 777911
FSC (Mauritius), C113012295
FSCA (South Africa), 46614
Established 2005 2007 2011
Minimum Deposit $100 $200 $10
Maximum Leverage 1:500 1:500 1:2000
Spread Variable Variable Variable
Commissions $3 $3.50 $2
Minimum Position 0.01 lot 0.01 lot 0.01 lot
Payment Bitcoin, Credit/debit cards, Dash, Dragonpay, Ethereum, FasaPay, Litecoin, Local bank transfer, Neteller, Ripple, Skrill, Tether (USDT), USD Coin (USDC) and Wire transfer Bitcoin, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer Bitcoin, Credit/debit cards, DIXIPAY, FasaPay, Google Pay, Neteller, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire transfer and YooMoney
Official Website Visit FP Markets Visit IC Markets Visit FXTM

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Soft Commodities
Spread Betting
Bonds

Customer Support

Website Languages Chinese, English, French, Indonesian, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese Chinese, English, Japanese, Russian Arabic, Chinese, Czech, English, French, Hindi, Indonesian, Italian, Korean, Malay, Persian, Polish, Russian, Spanish, Thai, Turkish, Urdu, Vietnamese
Email Support
Call Support
Chat Support

Reviews

Traders Reviews

Herbert Snyder

May 23 2022

I haven't seen too many people talking about FP Market's demo account here, so I just have to ask since I am about to open an account. First of all, does the demo account available for all account types, and how much virtual money will I receive in the demo account. Second of all, how many demo accounts can I open? There are several strategies I would like to try and it might require me to create multiple demo accounts.

Vickie Ortega

May 23 2022

I am on a journey to find the best CFD broker out there. When asking around in a trading forum, I notice that FP Market's name emerge as one of the best CFD providers right now. I just wondering what kind of CFD assets they offer. Aside from this, I know that CFD is a leverage product and I want to know how much leverage does FP Markets give?

More Reviews

Millard Donnelly

May 26 2022

I am honestly interested in IC Markets because of a lot of things, including:

- low spreads

- CFD trading

- multiple deposit and withdrawal methods

I also understand that IC Market has plenty of trading platforms ranging from MT4, MT5, and cTrader. Does any of their platform available for customization? If yes, does it utilize MLQ4 programming language or C# programming language?

Arletta Bolton

May 26 2022

Do IC Markets accept deposits and withdrawals from credit cards? I have actually visited their websites and I have already checked their payment methods and I have realized that they have a lot. I've seen that they offer bank transfers as well, but I am not sure if they can accept payment through credit card as it is the most convenient for me now.

More Reviews

Vergil

Apr 24 2020

Craig Snider: yes. FXTM is regulated by FCA from UK

Craig Snider

Apr 11 2020

Is FXTM regulated in the UK?

More Reviews

Start Trading

Open Real Account Open FP Markets Real Account Open IC Markets Real Account Open FXTM Real Account

The table above is only an example of a comparison between the three brokers that are mentioned above. To compare the other brokers, you can utilize our broker comparison tool.