Best Skrill Brokers 2025

Skrill is a popular money transfer service. It can be used to deposit and withdraw funds with some of the best brokers on the market. In this review, we discuss the services Skrill offers and the fees charged. We’ll also touch on the pros and cons of the money transfer solution, including how safe the service is and the speed of withdrawals. Additionally, we list the best Skrill brokers in the UK.

What Is Skrill?

Skrill is an online international money transfer service. It is available in 120 countries, including the UK, enabling users to move money across the world and store funds in a digital wallet. Account holders can deposit into Skrill using numerous payment methods, such as debit/credit card or instant bank transfer, and send money to friends and family using just an email address. The recipient can spend the funds anywhere online where Skrill is accepted, or withdraw to their own bank account.

Skrill was founded in the UK in 2001 and was originally named MoneyBookers. In 2015, PaySafe (the parent company of Neteller and a competitor of Skrill) purchased the firm for €1.1 billion. In 2018, it launched its cryptocurrency function, which enabled users to buy, sell and store coins such as Bitcoin, Ethereum and Litecoin. This move gave Skrill an edge over competitors such as PayPal, driving its popularity today.

Nowadays, Skrill has a net worth in the billions of dollars. It offers a number of services, including a pre-paid Mastercards, virtual gift cards, VIP loyalty programmes and accounts for businesses.

Fees

Skrill is widely regarded as one of the cheapest money transfers services on the market. However, whilst the transfer rate is low, making it appear cheap on comparison sites, Skrill makes its revenue through charging fees in other areas. These are listed below.

Broker Fees

Deposits at the most popular brokers, such as eToro, Plus500 and Fondex, are free of charge. Most withdrawals are also free. However, Fondex does charge a 1.5% fee for withdrawal to a Skrill account. Therefore, you should check your individual broker’s payment gateway page to find out whether you’ll be charged.

Deposit & Withdrawal Fees To Skrill Accounts From A Bank Account

Unfortunately, deposits to your Skrill account are charged. This is usually 1% of the amount, depending on the deposit method. Withdrawals from your Skrill account to your bank account are also charged at £4.74 per transaction. You can avoid these fees by using Skrill to purchase goods and services using your Skrill wallet, rather than transferring the money out of your account.

Currency Conversion Fees

Transactions that involve currency conversions will incur a fee. Skrill charges 3.99% on top of the wholesale exchange rate and will do so without notification to you as a user. For example, if you’re holding GBP in your Skrill account today and want to open a forex trading account with USD as the base currency, you’ll be charged.

Crypto Fees

If you’re purchasing cryptocurrency from a Skrill account that uses anything other than Euros, you’ll be charged a 1.5% currency exchange fee.

Skrill does not charge fees for the following transactions:

• Sending money to an international bank account using Skrill Money Transfer
• Paying a merchant directly from your Skrill wallet
• Receiving money to a Skrill account

Speed

Getting started on Skrill is fast. Using the Skrill Rapid Transfer function, you can load your account and start spending in an instant.

When making a broker deposit, Skrill payments will leave your account almost immediately. However, it depends on how fast your broker can process the transaction. Some brokers, such as eToro, note that withdrawals to e-wallets, can take up to 7 days. In general, most will take only 24-48 hours to process.

Skrill has no defined opening hours, so you can make a transfer, load your account, and spend with merchants 24 hours a day.

Security

Skrill is a safe and reputable business. It is regulated by the Financial Conduct Authority (FCA) in the UK and therefore offers a satisfactory level of customer security. It uses a number of safety features to keep your account secure. This includes a 2-factor authentication code to prevent hackers from accessing your account. Plus, transactions using your Skrill Prepaid Mastercard can be authenticated using their 3D Secure system. This involves receiving a one-time passcode via text which you can use to confirm your payment.

Complaints about Skrill in the past have usually centred around its identity verification process. However, ‘know your customer’ (KYC) checks are a requirement of legitimate financial services.

Like any money transfer service, there are fraudsters out there that target customers. These scams are unrelated to Skrill and its safety measures, but customers should be wary. Never reveal your password and be aware of phishing emails that request you to make a transaction.

Support

If you need support from Skrill, start by clicking the ‘Help’ button on the website’s homepage. This will take you to the FAQ page. You can browse popular topics or type your question into the search bar. There are hundreds of common queries answered here, including what to do if you have login problems, need a refund, or if your account is restricted or just not working. If the issue persists, use the live chat function or call their contact phone number for help. The UK helpline is open Monday – Friday 8 am – 5 pm.

How To Make Skrill Deposits & Withdrawals

It’s easy to join Skrill and begin making deposits with your broker. You’ll first need to sign up to an account using your email address. Once you’ve created your Skrill account, you can then make a bank transfer or directly link a Visa or debit Mastercard to deposit funds.

Sign in to your trading broker account and click deposit funds. Sometimes you’ll have to visit the trading area to find this. With most brokers, you’ll need to withdraw through the same method you deposit. To receive money to your Skrill account, you’ll just need to enter your email address.

Note that Skrill has a minimum and maximum withdrawal limit on transfers from your account to your Visa/Mastercard. The lowest amount you can withdraw in one transaction is 10 USD and the most is 10,000 USD.

Pros Of Using Skrill For Traders

Skrill is known to have slightly reduced fees vs money transfer alternatives such as PayPal, Wise (previously Transferwise) or Neteller. But it does have some additional benefits that we’ve listed below:

• Fiat to crypto withdrawal – Skrill recently announced that they will now be accepting instant withdrawal to their cryptocurrency e-wallet. The new feature allows traders to convert and store trade profits in either Bitcoin (BTC) or Ethereum (ETH), as opposed to a fiat base currency. It is currently only live in the European Economic Area but will launch in the UK soon.
• VIP – If you’re a professional crypto investor, you can access the Skrill VIP club. Membership gives you access to lower fees and higher limits, 24/7 account support and access to tickets for invite-only basketball, football and cricket games. To meet the threshold, you’ll need to transact the equivalent of €15,000 or more during a quarter.
• Promo codes – Skrill has been known to run a UK referral programme that earns you £10 in Skrill account credit per person you sign up. When you join, you’ll receive a referral code that you can give to your friends and family. If they complete a qualifying transaction using your code, both you and the referee will receive a voucher for account credit. This joining bonus is only available to new customers you refer and is subject to terms and conditions.
• Mobile app – The Skrill app is available on iOs and Android. It enables you to pay and transfer on-the-go, as well as access Skrill other services such as the cryptocurrency e-wallet and payment services.
• News – Skrill provides numerous articles on forex trading through its Skrill news channel. These include beginners guides, how to use indicators and market analysis.

Cons Of Using Skrill For Traders

In general, Skrill is a useful payment method, but there are a few downsides.

• Complex fee structure – It can be difficult to work out exactly how much a transaction will cost due to Skrill’s complex fee structure. Whilst a transaction may be classed as free, for example, sending money to an international bank account, you will be charged an exchange rate fee if the currencies vary. Often, the charge is not clear until the transaction has been completed.
• Withdrawal, deposit and transfer limits – Unverified Skrill accounts are limited in the amount you can withdraw, deposit or send. Skrill does not make its limits clear and reserves the right to amend the threshold. You will be notified immediately if you reach these limits.

Final Word On Skrill Brokers

In conclusion, Skrill is a fast, safe and secure payment method. Depositing with your broker is free of charge and should be a smooth process. Skrill also offers the ability to store and pay with cryptocurrencies, making it a popular choice for traders. However, the fee structure is complex. There are charges for depositing funds into your Skrill account from your banks and withdrawing from it too. Despite this, the money transfer service is a popular method for traders.

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