Best Forex Brokers with Skrill Deposits in 2024
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top 10 Skrill Forex brokers based on our analysis:
- 1
IC Markets - Best Skrill Forex broker - A wide range of trading assets. Low spreads. Variety of trading platforms. - 2
Pepperstone - Wide selection of trading platforms. Tight spreads and favourable trading conditions. Numerous regulatory licenses. - 3
AvaTrade - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 4
Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 5
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 6
Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure. - 7
- 8
ActivTrades - Wide range of trading assets. A wide variety of trading platforms. Extensive training materials including webinars, videos, articles and guides. - 9
- 10
XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account.
These brokers with Skrill have been carefully chosen for their strong regulatory standings, positive user feedback, robust Forex trading platforms, and favorable trading conditions.
Best Forex Brokers Accepting Skrill for 2024
1. IC Markets
IC Markets is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.
IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.
Pros and Cons of IC Markets
Pros
- A wide range of trading assets.
- Low spreads.
- Variety of trading platforms.
- Quality educational materials.
- Efficient customer support service.
Cons
- High minimum deposit.
2. Pepperstone
Pepperstone is a significant and reliable broker that offers a broad range of trading instruments and attractive trading conditions. With regulation by serious authorities, clients can be confident in the security of their funds.
The broker is suitable for various types of traders. Beginners will find extensive educational materials, including trading guides, webinars, instructional videos, and Forex trading courses. Experienced traders will also appreciate Pepperstone's opportunities, including favorable trading conditions, various trading platforms, and access to complex trading instruments.
The broker's technical support operates at a high level, offering clients quick and efficient responses to any questions.
Pepperstone is an excellent choice for traders of all experience levels. With a unique combination of educational materials, trading tools, and high-quality customer service, this broker ensures excellent conditions for successful trading.
Pros and Cons of Pepperstone
Pros
- Wide selection of trading platforms.
- Tight spreads and favourable trading conditions.
- Numerous regulatory licenses.
- A large number of trading assets.
Cons
- Lack of diversity in types of trading accounts.
3. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
4. RoboForex
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
5. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
6. Deriv
Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.
Pros and Cons of Deriv
Pros
- Simple and fast account opening process.
- A wide variety of account types cater to different trading needs.
- Low commission structure.
- A wide range of trading platforms.
- High-quality technical support with fast and effective responses.
Cons
- Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
- Educational materials are confined to a blog and lack comprehensive learning resources.
7. Admirals
The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.
Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.
Pros and Cons of Admirals
Pros
- Low trading fees.
- Wide range of payment methods.
- Extensive analytical resources.
- A rich collection of educational materials.
Cons
- Inactivity fee.
- Some users complain about the intrusiveness of the support service.
8. ActivTrades
ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5 and TradingView platforms.
However, for traders with more specific requirements, such as a variety of trading accounts or individual conditions for professional traders, ActivTrades may be less attractive.
Pros and Cons of ActivTrades
Pros
- Wide range of trading assets.
- A wide variety of trading platforms.
- Extensive training materials including webinars, videos, articles and guides.
- Professional Support Team.
Cons
- Lack of diversity in trading accounts.
9. Oanda
Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.
With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.
Pros and Cons of Oanda
Pros
- Tight spreads.
- Diverse markets and products.
- Advanced trading platforms.
- Quality analytics.
- Extensive learning section.
Cons
- Limited trading account types.
- Inactivity fee.
- High swaps.
10. XM
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inconsistency in technical support.
- Inactivity fee.
- Standard account has a higher spread than the market average.
How the List of the Best Skrill Forex Brokers is Compiled
The selection of the best Forex brokers that offer Skrill is made based on a comprehensive and objective set of criteria:
The broker's position on the list is determined by its ranking in our overall Forex brokers directory. We meticulously analyze a wide range of data, including the broker's performance, financial stability, service quality, and customer satisfaction.
Our broker ratings are derived from a rigorous methodology that evaluates regulatory licenses, spreads, commissions, trading platforms, and the quality of customer support.
The list exclusively features the Forex brokers that accept Skrill. This criterion ensures that traders can benefit from the speed, security, and convenience that Skrill provides as a payment solution, enhancing their overall trading experience.
These standards guarantee that the brokers included in our list not only support Skrill transactions but also meet high standards of reliability and service quality, making them ideal choices for efficient and secure trading Forex and CFDs.
FAQ
Which Forex brokers accept Skrill?
Many Forex and CFD brokers use Skrill as an online payment method, including brokers like XM, Pepperstone, AvaTrade, and IC Markets. These brokers offer Skrill, providing a convenient and fast way to manage funds.
How long do Skrill deposits and withdrawals take?
Skrill deposits are usually processed instantly, allowing you to start trading right away. Withdrawals can take anywhere from a few hours to 2 business days, depending on the broker’s processing times.
Is Skrill a safe payment method for Forex trading?
Yes, Skrill is a safe and secure payment system for Forex trading. It uses advanced encryption and fraud protection measures to ensure that your transactions and personal information are protected.
Can I use Skrill with any Forex broker?
Not all Forex brokers accept Skrill payments. While many brokers do offer Skrill as a payment option, it's important to check with your specific broker to confirm availability.
Does Skrill support multiple currencies?
Yes, Skrill supports a wide range of currencies, making it easy to manage funds in different currencies without the need for multiple accounts. This is particularly useful for international traders.
What is the minimum deposit using Skrill?
The minimum deposit when using Skrill varies by broker, typically ranging from $10 to $200. It’s best to check with your broker for specific requirements.
Do Forex brokers charge additional fees for Skrill transactions?
Some Forex brokers may charge a small fee for transactions made via Skrill. Additionally, Skrill may impose its own fees for certain types of transactions, such as currency conversion.
Is Skrill a good option for day trading?
Yes, Skrill is a good option for day trading due to its fast processing times for deposits and withdrawals. This allows traders to quickly access their funds and react to market changes.
What are the typical transaction limits with Skrill?
Transaction limits with Skrill can vary based on the broker and your account verification level. Typically, limits are higher for verified Skrill accounts, allowing for larger deposits and withdrawals.
What Forex brokers have the lowest fees for Skrill transactions?
Forex brokers like XM and AvaTrade are known for offering low fees on Skrill transactions. It’s recommended to compare brokers to find the one that offers the best overall conditions for Skrill users.
