Best Forex Brokers Accepting Skrill Payments & Withdrawals

Skrill forex brokers
If you are currently active in the forex trading community, it is very likely that you have heard of the phrase Skrill forex brokers. It’s also very likely that you have wondered what it is. Is it a new kind of forex trading strategy used by brokers these days? Is it a new trading platform that can maybe boost your chances of making profits in the forex market? Well, it might be a bit of an anticlimactic answer but it is actually just regular forex brokers that use Skrill as a means of online fund transfer.

Top Forex Brokers Accepting Skrill

Broker
Rating
Regulated
Bonus
Min. Deposit
Max. Leverage
1.
Avatrade

ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA

up to 40% bonus

$100

400:1

Review » Sign up » Sign up
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
2.
Blackbull Markets

ASIC, VFSC

$10 000 demo

$50

500:1

Review » Sign up » Sign up
Terms & conditions apply
Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.
3.
FXCC

VFSC, CySEC

100% bonus

$10

500:1

Review » Sign up » Sign up
Terms & conditions apply
Your capital is at risk.
4.
Fusion Markets

ASIC, VFSC

N/A

$100

500:1

Review » Sign up » Sign up
Terms & conditions apply
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
5.
easyMarkets

CySec, ASIC, BVI

up to 50% bonus

$100

400:1

Review » Sign up » Sign up
Terms & conditions apply
Your capital is at risk.
6.
Vantage FX

FCA, ASIC, CIMA, SIBL

up to 50% bonus

$100

500:1

Review » Sign up » Sign up
Terms & conditions apply
Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
7.
HYCM

CySEC, FCA, CIMA, FSC, DFSA

up to 10% credit bonus

$100

500:1

8.
Deriv

VFSC, FSC, IBFC

N/A

$5

1000:1

Review » Sign up » Sign up
Terms & conditions apply
CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
9.
Plus500

ASIC, FMA, FCSA, FCA, CySEC, MAS, FSA

€25 no deposit bonus

$100

30:1

10.
LegacyFX

CySEC, VFSC, NBRB, FCA

N/A

$250

200:1

Review » Sign up » Sign up
Terms & conditions apply
Your capital is at risk.

What Is Skrill?

Skrill is an online payment system that allows for the fast, easy and convenient transfer of funds over the Internet, pretty much like PayPal. It was originally founded exactly 20 years ago in 2001 in the United Kingdom but its original name was Moneybookers. Back then, most of the transactions handled by the system were for the purposes of e-sports and online gambling.

In 2011, the company was rebranded as a more comprehensive digital wallet that you can use for the safe transfer of funds for just about any purpose. It was also at this time that it was given the new name of Skrill. You just need to create a Skrill account using your email address and a password, link your accounts, and easily cash in or withdraw funds as you need.

What Are the Benefits Offered by Skrill Forex Brokers

As mentioned, Skrill forex brokers are simply ordinary forex brokers that offer their subscribers the option of using Skrill as a method of funding their account. They are called such because Skrill is such a remarkable payment system compared to many of the other digital wallets out there. Brokers have realized that as a Skrill forex broker, it is much easier to attract new traders than if they just call themselves plain forex brokers.

So what is all the hoopla about Skrill forex brokers anyway? As a trader, why make the extra effort to look for one instead of just signing up with any brokerage firm? Here are some really good reasons why.

Zero Transaction Fees

Many other online payment entities charge a transaction fee every time you make a deposit or withdrawal, which traders have to pay on top of the fees charged by the broker itself. Skrill charges no such fees regardless of how often or how much you are transferring. The only fee you need to worry about with Skrill forex brokers is the monthly maintenance fee, which is minimal at most.

Instantaneous Transfers

There is virtually no waiting time when you transfer funds through Skrill. So if you are on the edge of a critical trade, you will be able to make the transaction with just a couple of clicks.

Transparent Platform

With Skrill, it is easy for traders to see all their transactions whenever they need to. With just a click of a button, all your past transfers can be viewed, allowing you to easily analyze your cash flow and trading strategy.

Special Perks

Skrill offers a multitude of privileges for their users that hold a VIP package. Skrill forex brokers make the most of this Skrill VIP package to pass on special rewards to their most active traders.

Best 5 Skrill Forex Brokers Reviewed

A growing number of brokers today are accepting Skrill, and here are the most highly recommended as of today.

XTB

XTB Logo

With regulations from FCA, CySEC, IFSC and many other international entities, XTB is one of the most highly trusted Skrill forex brokers today. They have their own proprietary xStation 5 trading platform and also offer both an STP and Market Maker trading desk.

XTB Logo

Min Deposit: N/A

Regulated By: FCA, CySEC, CNMV, KNF, IFSC

Foundation Year: 2002

Headquarters: Poland


Terms & conditions apply
77 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

fpmarkets

FP Markets Logo

This broker was established in 2005 and is one of the leading brokers for forex and CFDs today. Their head office is in Australia and is regulated under both ASIC and CySEC. They offer extremely competitive spreads on currency pairs and have superior customer support.

Fpmarkets Logo

Min $100 Deposit

Regulated By: ASIC, CySEC

Foundation Year: 2005

Headquarters: Sydney (Australia)


Terms & conditions apply
70.70% of retail CFD accounts lose money

IC Markets

IC Markets Logo

IC Markets is an NDD broker, which allows for rapid trade executions at commission-free trading. Their trading platforms are topnotch both on the web and on mobiles. They are regulated by ASIC, CySEC and the Seychelles FSA. IC Markets also has an astounding collection of educational tools and resources for traders.

Plus500

Plus500 Logo

Spreads are very tight and leverage is high at Plus500. For the seasoned trader, the advanced tools for risk management are very useful. Plus500 is licensed under a long list of top-tier regulatory bodies including FCA, ASIC, CySEC, MAS, FSB and ISA.

Plus500 Logo

Min $100 Deposit

Regulated By: ASIC, FMA, FCSA FCA, CySEC, MAS, FSA

Foundation Year: 2008

Headquarters: Israel


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FXTM

FXTM Logo

Last but not least, FXTM rounds up our list of top 5 Skrill forex brokers because of their very competitive spreads, particularly in the foreign currency pairs. They offer more than 250 tradable investments, including more than 50 currency pairs. They also give up to 1000:1 leverage. Based in Cyprus, FXTM is controlled by CySEC, as well as the IFSC and the FSC.

FXTM Logo

Min $10 Deposit

Regulated By: FSCA, FSC, CySEC, FCA

Foundation Year: 2011

Headquarters: Cyprus


Terms & conditions apply
77% of retail CFD accounts lose money

Conclusion

When searching for a forex broker, one of the important considerations is the method of fund transfer that they allow. Skrill forex brokers make use of the Skrill online payment system, which comes with multiple benefits that traders can definitely enjoy.

Skrill Brokers FAQs

It’s not very hard to learn about Skrill forex brokers and understand what makes them different from other brokers in the forex trading community. Here are some questions people are asking about them along with some quick and simple answers.

What are Skrill forex brokers?

They are forex brokers that include the Skrill e-commerce payment system as one of the accepted methods of fund transfer.

Are there special benefits to working with Skrill forex brokers?

Yes, some of these benefits include not having to pay transaction fees, experiencing very fast transfers and getting to use a platform with complete transparency.

How do Skrill forex brokers give more protection?

In addition to the security measures enforced by the broker, Skrill also has its own ironclad security system, doubling the protection that traders can enjoy.

Do all forex brokers accept Skrill as a funding method?

No, if you want to enjoy the benefits of using Skrill, you have to choose your broker very carefully because many of them actually do not yet accept this means of fund transfer.

Can I use Skrill for any kind of currency?

Skrill can accommodate more than 40 currencies but for the purposes of funding your forex account, the currency will be permanently set to the currency that you use for your first transaction.

Other banking options

About James Johnson
About James Johnson

Expert in Economics, Trading, Investments and Personal Finance. Graduated in 2001 in Business Economics and Management at Harvard University. After several years of working in the foreign exchange trading industry, I co-founded Forex Online Brokers in 2015 with the aim of distributing my personal knowledge and professional experiences in the field of trading and investments in general.