Skrill is a safe and secure way to transfer money online. In this overview, we have selected some of the best Forex brokers accepting Skrill to investigate in detail with respect to their fund security, regulation, and unique features. Skrill is not only a secure platform for depositing and withdrawing funds, but also a profitable option for paying for goods or services at online stores. Baxity Store offers users the ability to purchase vouchers (such as AstroPay Vouchers), gift cards, or prepaid cards through the Skrill payment system without having to enter their bank account details.
All information in this article was taken directly off the websites of the Skrill money brokers. Read on to find the one that will work best for you.
Top Forex Brokers Accepting Skrill in 2023
Trading with Skrill is now more popular than ever in the finance industry. It was founded in 2001 and has since quickly grown to become one of the most common e-wallet options available internationally. Skrill works like an e-wallet. Here are some top Forex brokers that take Skrill as a payment method:
| Name | Rating | Description |
|---|---|---|
| Option 1 | Rating: 5; Spreads: 5; Funds Safety: 5; Payment Options: 4; Tradable Instruments: 5 | <strong>Key Features:</strong> Zero internal fees incurred in transactions, negative balance protection, low trading costs, quick execution, free Forex signals, and 50% welcome bonus <strong>Platforms:</strong> MetaTrader 4, Metatrader 5, ProTrader, WebTrader, Vantage FX App <strong>Minimum Deposit:</strong> $200 <strong>Maximum Leverage:</strong> 1:500 <strong>License:</strong> ASIC, VFSC, CIMA, FCA <table style="border-collapse: collapse; width: 100%;" border="1"> <tbody> <tr style="height: 24px;"> <td style="width: 47.7754%; background-color: #009900; height: 11px; text-align: center;" width="421"><span style="color: #ffffff;"><b>Pros</b></span></td> <td style="width: 52.1521%; background-color: #cc0000; height: 11px; text-align: center;" width="242"><span style="color: #ffffff;"><b>Cons</b></span></td> </tr> <tr style="height: 48px;"> <td style="width: 47.7754%; background-color: #ffffff; height: 48px;" width="421">+ <span style="font-family: inherit; font-size: inherit;">This Skrill broker charges no internal withdrawal fees</span> + <span style="font-family: inherit; font-size: inherit;">Simple deposits and withdrawal</span> + <span style="font-family: inherit; font-size: inherit;">Free forex signals</span> + <span style="font-family: inherit; font-size: inherit;">Trade execution is fast</span></td> <td style="width: 52.1521%; height: 48px;" width="242">- <span style="font-family: inherit; font-size: inherit;">Deposit currencies lack options</span> - <span style="font-family: inherit; font-size: inherit;">High stock CFD charges</span></td> </tr> </tbody> </table> |
| Option 2 | Rating: 5; Spreads: 5; Funds Safety: 5; Payment Options: 4; Tradable Instruments: 5 | <strong>Key Features:</strong> Personal account manager, market research available, more than 5,000,000 clients, available in over 30 languages, over 25 payment options, and over 15 trading platforms <strong>Platforms:</strong> MetaTrader4, MetaTrader5 <strong>Minimum Deposit:</strong> $5 <strong>Maximum Leverage:</strong> 1:888 <strong>License:</strong> IFSC, CySEC, ASIC, DFSA <table style="border-collapse: collapse; width: 100%;" border="1"> <tbody> <tr style="height: 24px;"> <td style="width: 47.7754%; background-color: #009900; height: 11px; text-align: center;" width="421"><span style="color: #ffffff;"><b>Pros</b></span></td> <td style="width: 52.1521%; background-color: #cc0000; height: 11px; text-align: center;" width="242"><span style="color: #ffffff;"><b>Cons</b></span></td> </tr> <tr style="height: 48px;"> <td style="width: 47.7754%; background-color: #ffffff; height: 48px;" width="421">+ <span style="font-family: inherit; font-size: inherit;">Fast trade execution</span> + <span style="font-family: inherit; font-size: inherit;">Negative balance protection</span> + <span style="font-family: inherit; font-size: inherit;">Award-winning broker</span> + <span style="font-family: inherit; font-size: inherit;">99.35% success in completing orders in less than 1 second</span></td> <td style="width: 52.1521%; height: 48px;" width="242">- <span style="font-family: inherit; font-size: inherit;">The product portfolio is not impressive</span> - <span style="font-family: inherit; font-size: inherit;">High Forex fees</span> - <span style="font-family: inherit; font-size: inherit;">Customer support isn;t available on weekends</span></td> </tr> </tbody> </table> |
| Option 3 | Rating: 4; Spreads: 4; Funds Safety: 4; Payment Options: 5; Tradable Instruments: 5 | <strong>Key Features:</strong> Maintains users’ current leverage, prioritizes accessibility to new products, provides security for segregated funds, advanced trading tools, including Depth of Market (DoM), ladder trading, one-click trade module, etc. <strong>Platforms:</strong> Metatrader4, MetTrader5, WebTrader, cTrader, cTrader Algo <strong>Minimum Deposit:</strong> $200 <strong>Maximum Leverage:</strong> 1:500 <strong>License:</strong> FSA, ASIC, CySEC, SCB <table style="border-collapse: collapse; width: 100%;" border="1"> <tbody> <tr style="height: 24px;"> <td style="width: 47.7754%; background-color: #009900; height: 11px; text-align: center;" width="421"><span style="color: #ffffff;"><b>Pros</b></span></td> <td style="width: 52.1521%; background-color: #cc0000; height: 11px; text-align: center;" width="242"><span style="color: #ffffff;"><b>Cons</b></span></td> </tr> <tr style="height: 48px;"> <td style="width: 47.7754%; background-color: #ffffff; height: 48px;" width="421">+ <span style="font-family: inherit; font-size: inherit;">Competitive Forex fees</span> + <span style="font-family: inherit; font-size: inherit;">Low swap rates</span> + <span style="font-family: inherit; font-size: inherit;">Fast account creation</span> + <span style="font-family: inherit; font-size: inherit;">Zero<a href="https://baxity.com/a-comprehensive-ic-markets-review-on-baxity"> internal fees</a> incurred on deposits and withdrawals</span> + <span style="font-family: inherit; font-size: inherit;">24/7 customer service</span></td> <td style="width: 52.1521%; height: 48px;" width="242">- <span style="font-family: inherit; font-size: inherit;">No negative balance protection</span> - <span style="font-family: inherit; font-size: inherit;">Starting deposit of $200</span></td> </tr> </tbody> </table> |
| Option 4 | Rating: 4; Spreads: 4; Funds Safety: 5; Payment Options: 4; Tradable Instruments: 5 | <strong>Key Features:</strong> Advanced trading tools, such as Stop Limit, Stop Loss, and Guaranteed Stop, to limit losses and profit lock-ins, 60+ Forex pairs with leverage, and free live Forex quotes <strong>Platforms:</strong> WebTrader <strong>Minimum Deposit:</strong> $100 <strong>Maximum Leverage:</strong> 1:300 <strong>License:</strong> ASIC, CyCES, FSA, ASIC, FSCA. MAS <table style="border-collapse: collapse; width: 100%;" border="1"> <tbody> <tr style="height: 24px;"> <td style="width: 47.7754%; background-color: #009900; height: 11px; text-align: center;" width="421"><span style="color: #ffffff;"><b>Pros</b></span></td> <td style="width: 52.1521%; background-color: #cc0000; height: 11px; text-align: center;" width="242"><span style="color: #ffffff;"><b>Cons</b></span></td> </tr> <tr style="height: 48px;"> <td style="width: 47.7754%; background-color: #ffffff; height: 48px;" width="421">+ <span style="font-family: inherit; font-size: inherit;">Simple and functional platform</span> + <span style="font-family: inherit; font-size: inherit;">No <a href="https://baxity.com/a-quick-plus500-review-2021">fees for deposits</a>, withdrawals, live share CFD prices, live Forex quotes</span> + <span style="font-family: inherit; font-size: inherit;">Advanced tools in the charting feature for technical analysis</span> + <span style="font-family: inherit; font-size: inherit;">Beginner trading videos</span> + G<span style="font-family: inherit; font-size: inherit;">uaranteed stop order</span></td> <td style="width: 52.1521%; height: 48px;" width="242">- <span style="font-family: inherit; font-size: inherit;">No educational content on Forex or CFDs</span> - <span style="font-family: inherit; font-size: inherit;">No advanced trading videos, tutorials, or guides</span> - <span style="font-family: inherit; font-size: inherit;">Inactivity fees</span></td> </tr> </tbody> </table> |
| Option 5 | Rating: 4; Spreads: 4; Funds Safety: 5; Payment Options: 4; Tradable Instruments: 4 | <strong>Key Features:</strong> Ultra-fast execution, high security, zero fees on deposits and <a href="https://baxity.com/detailed-fxpro-review-accounts-payment-methods-key-features">withdrawals</a>, deep liquidity, multilingual customer support, zero commission, and competitive spreads. <strong>Platforms:</strong> MetaTrader4, MetaTrader5, FxPro, and cTrader <strong>Minimum Deposit:</strong> $100 <strong>Maximum Leverage:</strong> 1:200 <strong>License:</strong> FCA, CySEC, FSCA, SCB <table style="border-collapse: collapse; width: 100%;" border="1"> <tbody> <tr style="height: 24px;"> <td style="width: 47.7754%; background-color: #009900; height: 11px; text-align: center;" width="421"><span style="color: #ffffff;"><b>Pros</b></span></td> <td style="width: 52.1521%; background-color: #cc0000; height: 11px; text-align: center;" width="242"><span style="color: #ffffff;"><b>Cons</b></span></td> </tr> <tr style="height: 48px;"> <td style="width: 47.7754%; background-color: #ffffff; height: 48px;" width="421">+ <span style="font-family: inherit; font-size: inherit;">Very fast execution - most orders are fully complete in less than 14 milliseconds</span> + <span style="font-family: inherit; font-size: inherit;">Award-winning broker</span> + <span style="font-family: inherit; font-size: inherit;">Extensive educational materials, analysis and trading tools</span> + <span style="font-family: inherit; font-size: inherit;">No Dealing Desk intervention</span> + <span style="font-family: inherit; font-size: inherit;">High security standards</span></td> <td style="width: 52.1521%; height: 48px;" width="242">- <span style="font-family: inherit; font-size: inherit;">High trading CFD charges</span> - <span style="font-family: inherit; font-size: inherit;">Inactivity fees</span></td> </tr> </tbody> </table> |
| Option 6 | Rating: 3; Spreads: 3; Funds Safety: 5; Payment Options: 5; Tradable Instruments: 5 | <strong>Key Features:</strong> Social trading, no fees for opening an account, low <a href="https://baxity.com/etoro-review-2021-regulation-features-best-payment-solutions">deposit fees</a>, multi-asset platform (2000+), ready-made copy portfolios <strong>Platforms:</strong> eToro <strong>Minimum Deposit:</strong> $50 <strong>Maximum Leverage:</strong> 30:1 <strong>License:</strong> CySEC, FCA, ASIC, GFSC, FinCen, FINRA <table style="border-collapse: collapse; width: 100%;" border="1"> <tbody> <tr style="height: 24px;"> <td style="width: 47.7754%; background-color: #009900; height: 11px; text-align: center;" width="421"><span style="color: #ffffff;"><b>Pros</b></span></td> <td style="width: 52.1521%; background-color: #cc0000; height: 11px; text-align: center;" width="242"><span style="color: #ffffff;"><b>Cons</b></span></td> </tr> <tr style="height: 48px;"> <td style="width: 47.7754%; background-color: #ffffff; height: 48px;" width="421">+ <span style="font-family: inherit; font-size: inherit;">Free account opening</span> + <span style="font-family: inherit; font-size: inherit;">36 cryptocurrencies</span> + <span style="font-family: inherit; font-size: inherit;">High levels of fund safety</span> + <span style="font-family: inherit; font-size: inherit;">High cyber security</span></td> <td style="width: 52.1521%; height: 48px;" width="242">- Withdrawal fees - <span style="font-family: inherit; font-size: inherit;">Slow withdrawals</span></td> </tr> </tbody> </table> |
| Option 7 | Rating: 4; Spreads: 4; Funds Safety: 4; Payment Options: 5; Tradable Instruments: 5 | <strong>Key Features:</strong> 8000+ markets, 16 local offices, multilingual support, free live charts, research, and news, <strong>Platforms:</strong> MetaTrader4, MetaTrader5, WebTrader, mobile app <strong>Minimum Deposit:</strong> €1 <strong>Maximum Leverage:</strong> 1:30 <strong>License:</strong> FCA, CySEC, AFSL <table style="border-collapse: collapse; width: 100%;" border="1"> <tbody> <tr style="height: 24px;"> <td style="width: 47.7754%; background-color: #009900; height: 11px; text-align: center;" width="421"><span style="color: #ffffff;"><b>Pros</b></span></td> <td style="width: 52.1521%; background-color: #cc0000; height: 11px; text-align: center;" width="242"><span style="color: #ffffff;"><b>Cons</b></span></td> </tr> <tr style="height: 48px;"> <td style="width: 47.7754%; background-color: #ffffff; height: 48px;" width="421">+ <span style="font-family: inherit; font-size: inherit;">8000+ instruments</span> + <span style="font-family: inherit; font-size: inherit;">Highly regulated and secure</span> + <span style="font-family: inherit; font-size: inherit;">Multiple educational resources</span> + <span style="font-family: inherit; font-size: inherit;">Negative balance protection</span></td> <td style="width: 52.1521%; height: 48px;" width="242">- <span style="font-family: inherit; font-size: inherit;">Inactivity fee</span></td> </tr> </tbody> </table> |
| Option 8 | Rating: 4; Spreads: 5; Funds Safety: 4; Payment Options: 4; Tradable Instruments: 3 | <strong>Key Features:</strong> Over 60,000 traders in 100+ countries, competitive <a href="https://baxity.com/axi-broker-2021-detailed-review">pricing</a>, raw spreads, and Autochartist <strong>Platforms:</strong> MetaTrader4, PsyQuation, MyFXBook, Zulutrade, Signals <strong>Minimum Deposit:</strong> $1 <strong>Maximum Leverage:</strong> 1:500 <strong>License:</strong> ASIC, FCA <table style="border-collapse: collapse; width: 100%;" border="1"> <tbody> <tr style="height: 24px;"> <td style="width: 47.7754%; background-color: #009900; height: 11px; text-align: center;" width="421"><span style="color: #ffffff;"><b>Pros</b></span></td> <td style="width: 52.1521%; background-color: #cc0000; height: 11px; text-align: center;" width="242"><span style="color: #ffffff;"><b>Cons</b></span></td> </tr> <tr style="height: 48px;"> <td style="width: 47.7754%; background-color: #ffffff; height: 48px;" width="421">+ <span style="font-family: inherit; font-size: inherit;">Zero Forex fees</span> + <span style="font-family: inherit; font-size: inherit;">No activity fee</span> + <span style="font-family: inherit; font-size: inherit;">Educational tools and resources</span> + <span style="font-family: inherit; font-size: inherit;">Five trading platforms, including one that is AI-based</span></td> <td style="width: 52.1521%; height: 48px;" width="242">- <span style="font-family: inherit; font-size: inherit;">Constricted research tools</span> - <span style="font-family: inherit; font-size: inherit;">Customer support is unavailable on weekends</span></td> </tr> </tbody> </table> |
What Is Skrill?
The Skrill payment method is one of the most efficient ways to virtually deposit and withdraw funds. It allows you to pay via over 100 local payment methods. The payment solution also offers various withdrawal methods depending on where you are based and is available in more than 40 currencies. It submits to the jurisdiction of the courts of England and Wales.
Why Choose Skrill for Trading?
Skrill offers its customers an unmatched breadth of choice for brokers they want to trade through. Owing to its rising popularity, more and more brokers are accepting it as a payment method. Skrill's advantages, such as speed, security, and global recognition, make it a good payment method. Skrill is probably one of the most secure ways to trade online because it acts as a third party in all transactions, protecting brokers and traders from fraud. It only takes a small percentage fee when used for withdrawals. Low charges mean greater profits for brokers and traders.
How to Pick a Decent Skrill Money Broker?
It's important to know all the criteria while selecting a Skrill money broker so that you can make an informed decision. Take a look at the key factors to consider:
- Minimum deposit: This is the amount you will need to provide for opening an account with the broker. Considering the market's high volatility, this can also be said as the amount you can afford to lose. Several brokers have impressively low minimum deposits in the list above, with Axitrader standing out at $0.
- Payment options: This is also vital because the security of your funds is involved. So while selecting your broker, check if the Skrill money broker offers reliable money transfer methods.
- Tradable instruments: Check all the options you can trade with the brokerages, for instance, CFDs, stock, Forex, etc.
- Trading platforms: Check if the trading platforms offered by these brokers are popular and registered. Some good options include MT4, MT5, and WebTrader.
- Spread types: Check the spread type the broker supports (if applicable).
- Customer support: Take a look at the levels of customer services offered by the Skrill money broker. Most Forex brokers provide 24/5 customer support. However, some have 24/7 live support available.
- Accounts types: Browse through the type of accounts the Forex brokers accepting Skrill offer, including standard, corporate, and demo.
Deposits and Withdrawals Breakdown
Once you have decided on your broker, you will need to make a deposit to begin trading. Further, a withdrawal would also be required at some point of Forex trading. Below we discuss deposits, withdrawals, necessary documentation, and the usual processing time.
The Step Involved
Learn how to deposit with your Forex broker using Skrill: Step1: Log in to your Forex broker account and go to the ‘Deposit’ section. Step 2: Select ‘Skrill’ as the deposit method and enter the amount you want to deposit in the broker’s account. Step 3: Confirm the details if prompted. Step 4: Log in to your Skrill account after being redirected. Step 5: Within the Skrill window, select your payment method and confirm the details. Step 6: And your deposit is made! The same process will follow for withdrawals: Step 1: Log in to your broker account but proceed to the 'Withdrawal' section and select Skrill. Step 2: You may need to enter a verification code to confirm the transaction. Step 3: Login to your Skrill account and wait for your withdrawal to be processed. That is it!
Required Documents
For a Skrill account verification, you will be required to provide a valid ID issued by the government, along with address verification.
Usual Payment/Withdrawal Processing Times
In the case of debit or credit cards, the transaction will be instantaneous, whereas bank transfers may take 2-5 days.
Skrill Money Brokers Fees
The Forex brokers accepting Skrill we discussed above have varying options for money transfers and inactivity fees. While some do not take any fees, others do. The table below provides the details:
| Skrill Forex Broker | Deposit Fee | Withdrawal Fee | Deposit/Withdrawal Time | Inactivity Fee |
|---|---|---|---|---|
| VantageFX | No internal fees (subject to Skrill fees) | No internal fees | Within 24 business hours | No |
| XM Broker | No | No | Instant/24 hours | $5 |
| IC Markets | No | No | Instant/3-5 days | No |
| Plus500 | No | No | Instant/3-7 business days | $10 |
| FXPro | No | No | 10 mins/1 day | $15 |
| eToro | No fees (FX fees may apply) | $5 | Instant/2 days | $10 |
| Admiral Markets | 0.9%, min. 1 currency unit | 1%, min. 1 currency unit | Instant/Instant | €10 |
| Axitrader | No | No | Instant/1-3 days | No |
Money Transfer
Money transfer usually incurs no charge on most Skrill Forex brokers. However, external charges (from the bank’s end) may be applied. These charges will depend on the broker. Skrill money transfer allows you to send money abroad by converting it into different currencies at no extra cost.
Inactivity Fee
Inactivity fee refers to the charges incurred per month if the Skrill money brokers notice zero trading activities or open positions in the account after a specific period, for instance, 3, 6, or 12 months. Skrill also charges an inactivity fee for maintaining dormant accounts.
Security of Payments With Skrill Forex Brokers
All the selected Skrill brokers above were checked for data security, the safety of funds, licenses, regulations, and privacy policies. They have these details spelled out on their official websites too.
Special Bonus Offers From the Brokers That Take Skrill
Skrill encourages users to use the payment method for easy and secure transactions on Skrill Forex brokers. The Knect loyalty program rewards points for every transaction you make, which can further be exchanged for bonuses, cash, and more. Brokers, however, do not offer any special bonuses for using Skrill on their platform.
Pros and Cons of Skrill for Trading
Skrill is one of the best e-payment methods you can opt for and has many advantages. However, there are some downsides as well, which we list below.
| Pros | Cons |
|---|---|
| + Free registration + Fast transactions + Skrill money transfer enables free FX transfers + Strong data encryption + Knect loyalty program to earn cash rewards and bonuses +40+ currencies supported + One-tap payments + Chargeback protection + It supports brokers with very low deposits. For instance, Admiral Markets is a forex broker with Skrill and 1 USD minimum deposit. | - Withdrawal fees - Maintenance fees for inactive accounts - High currency conversion fee - KYC verification |
Get the Best Terms With Baxity
When you create a Skrill account with Baxity, you will receive special benefits, such as:
- VIP status: A registration through Baxity will earn you preferential VIP status. Get a VIP Silver status at €5,000 deposit instead of €15,000.
- Fast-track verification: Apart from a VIP Status, your account will be verified lightning-quick within 24 hours if registered through Baxity, which will require no deposit.
Skrill Alternatives
There are two alternative virtual payment methods you can use in place of Skrill, namely Neteller and ecoPayz. Both are secure and reliable and can be availed with bonuses through Baxity.
Neteller
Neteller is a digital wallet that allows you to manage your money efficiently. Through Baxity, a Neteller registration will earn you an Instant Bronze PRO status, 24-hour verification, and a VIP Silver status for deposits worth $5,000.
ecoPayz
Another alternative, ecoPayz, allows quick, secure, and reliable international money transfers. To avail of these benefits and more, for instance, instant Gold Status, and a two-hour quick verification, register through Baxity. Apart from this, you can also get ecoPayz vouchers.
Conclusion
From security, ease of use, advanced tools to multilingual support, and more, Skrill has covered all the key requirements of Forex traders, making it a reliable, convenient, and fraud-proof payment method. These features are further enhanced with its VIP status levels and Knect loyalty program.
Frequently Asked Questions
What Countries Can Use Skrill?
Skrill supports 100+ countries accross the world. Now Skrill is restricted in 114 countries. You can check if whether Skrill service is availble in your country in Non-serviced countries section on official website.
How to Pick a Decent Broker With Skrill?
To select a good and reliable Forex broker, make sure to check their data protection policies, fund safety measures, payment methods, product portfolio, spreads, minimum deposit, maximum leverage, and reviews.
Are There Any Skrill Bonuses?
No, Skrill Forex brokers do not provide bonuses related to using Skrill as a payment method.
Comments
Sign in to join the conversation. Every comment is reviewed before it appears on the page.
Sign in to comment
You need an account to leave a comment. Sign in and your name will be used automatically.
John Martin
What platform is better for using in Vantage FX?