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.
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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)
Highly recommended among its peers, Skrill is a secure and simple online payment system. It is a popular digital payment system previously known as Moneybookers.
Skrill is 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 risk.
Continue Reading at Skrill for Forex Traders: Benefits and Brokers to Choose
Skrill was founded in 2001, originally known as Moneybookers. It is a British online payment service company similar to PayPal. The company offers various services including payment options, digital wallets, and most importantly, smooth money transfers online. Not only that, Skrill also supports prepaid MasterCard.
Today, its service is available in most countries in the world with more than 20 million users worldwide. More than that, Skrill is now owned by Paysafe Group, which is also the parent company of one of Skrill's biggest competitors, Neteller.
Continue Reading at Top Brokers for Stock Trading that Accept Skrill
