Skrill Brokers 2022 - Which Brokers Accept Skrill?

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.

Skrill Brokers

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Found 55 Brokers
Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4/5, Web Trader, Mobile App, Vanilla options and Social Trading. +1250 Financial Instruments, Educational content and multilanguage customer support active 24/7. 20% Welcome bonus available on allowed countries.
Demo Account
Yes
Regulated By
CBoI, ASIC, FSB, ESMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
$.01
Crypto
No
FXCC is a trustworthy trading broker regulated by the CySEC. The brokerage offers ECN trade executions, leverage up to 1:500 and $0 commissions.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
Reliable and affordable trading since 2009. Join over 900,000 others trading on 400+ CFD products over assets like forex, gold, indices, cryptocurrency and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.
Demo Account
Yes
Regulated By
ASIC, FCA, CIMA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 Lots
Crypto
Yes
Eightcap is a multi-regulated FX & CFD broker offering the MT4 & MT5 platforms. Award winning platform, zero commission, free education and low spreads.
Demo Account
Yes
Regulated By
ASIC, VFSC
MT4 Integration
Yes
Min. Deposit
£/€/$100
Min. Trade
0.01 lots
Crypto
No
An investor with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Cryptocurrency (Availability subject to regulation), Options and Indices. With tight spreads and no commission, they are a leading global brand.
Demo Account
Yes
Regulated By
FCA, MAS, CySec, ASIC, FSA
MT4 Integration
No
Min. Deposit
$100
Min. Trade
Varies by asset
Crypto
Yes
Trade Forex on 0.0 pip spreads with the world's leading True Raw forex broker - IC Markets.
Demo Account
Yes
Regulated By
ASIC, CySec, FSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 Lots
Crypto
Yes
LegacyFX is a multi-asset broker offering an MT5 download & free signals.
Demo Account
Yes
Regulated By
CySEC, FCA, VFSC, NBRB
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Skilling are an exciting new brand, regulated in Europe and beyond, with a bespoke browser based platform, allowing seamless low cost trading across devices.
Demo Account
Yes
Regulated By
CySec, FSA
MT4 Integration
Yes
Min. Deposit
100 £/€/$ or 1000 NOK, SEK
Min. Trade
0.01 Lots or 1 Share
Crypto
Yes
Quotex offers a proprietary web platform that offers digital options and copy trading.
Demo Account
Yes
Regulated By
IFMRRC
MT4 Integration
No
Min. Deposit
$10
Min. Trade
$1
Crypto
Yes
RoboForex is a multi-asset online broker offering powerful trading aides.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads plus online CFD trading.
Demo Account
Yes
Regulated By
FSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Fusion Markets are delivering low cost forex and CFD trading via low spreads and trading costs. Their message is - Stop paying too much to trade
Demo Account
Yes
Regulated By
ASIC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 Lots
Crypto
Yes
easyMarkets.com - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker
Demo Account
Yes
Regulated By
CySec, ASIC, BVI
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
Varies by asset
Crypto
Yes
NordFX offer forex trading with specific accounts for each type of investor. Spreads start from 0.0 pips while minimum deposits start at $10.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
$1
Crypto
Yes
Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers tight spreads and no minimum deposit.
Demo Account
Yes
Regulated By
FCA, ASIC, FSCA, SCB
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.1 lots
Crypto
No
Finq.com offer a great all round service with trading on 2100+ assets and immediate bonus offers. Up to $4000 in Deposit Bonuses.
Demo Account
Yes
Regulated By
FSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
FXTM is a leading forex and CFD broker. Offering a huge range of markets and 6 account types, they cater to all levels of trader.
Demo Account
Yes
Regulated By
CySec, ESMA, FCA and FSC of the Republic of Mauritius
MT4 Integration
Yes
Min. Deposit
From $50
Min. Trade
0.01 lots
Crypto
No
GO Markets is an ASIC-regulated FX & CFD broker.
Demo Account
Yes
Regulated By
ASIC, CySEC, FSC of Mauritius
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
ThinkMarkets is a multi-regulated forex and CFD broker
Demo Account
Yes
Regulated By
FCA, ASIC, FSCA, CySEC, JFSA, FSA Seychelles
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
Markets.com offer CFDs across a huge range of assets from shares and indices to commodities and cryptocurrencies.
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, FSCA, FSC, ESMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
IronFX offers online trading in forex, stocks, futures and commodities
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.
Demo Account
Yes
Regulated By
CySec, DFSA, FCA, SCB, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 Lots
Crypto
Yes
RaceOption is a binary options and CFD platform offering trading contests and prize giveaways.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
$1
Crypto
Yes
TMGM is a competitive forex and CFD broker with a wide range of instruments, features and tools provided at low-cost.
Demo Account
Yes
Regulated By
ASIC, FMA, VFSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Anzo Capital is a competitive global forex and CFD broker with ECN and STP accounts, both offering MT4 access and a wide range of assets.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Kucoin is a global crypto exchange offering spot and margin trading alongside lending services and trading bots.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.0001
Crypto
Yes
AdroFX is a regulated, global broker offering forex, CFD and crypto trading with MT4 access and attractive welcome bonuses.
Demo Account
Yes
Regulated By
FSA, BSSLA
MT4 Integration
Yes
Min. Deposit
$25
Min. Trade
0.01 lot
Crypto
Yes
RoboMarkets is an award-winning broker offering flexible margin trading.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$/£/€100
Min. Trade
0.01 lots
Crypto
No
Core Spreads offers CFD trading and spread betting across several asset classes on two top-tier platforms.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
From 0.005 BTC
Min. Trade
10 USD
Crypto
Yes
Global Prime is a multi-regulated trading broker offering 100+ markets.
Demo Account
Yes
Regulated By
ASIC, VFSC, FSA
MT4 Integration
Yes
Min. Deposit
AUD $200
Min. Trade
0.01 lots
Crypto
Yes
Trade.com offers thousands of tradable assets on desktop and mobile platforms.
Demo Account
Yes
Regulated By
FCA, CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
ActivTrades offers online trading on the MT4, MT5 and ActivTrader platforms. Over 93.60% of orders are executed at the requested price.
Demo Account
Yes
Regulated By
FCA, SCB
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
BlackBull Markets offers forex and CFD trading on the MT4 & MT5 platforms.
Demo Account
Yes
Regulated By
FMA, FSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
No
LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$20
Min. Trade
0.01 lots
Crypto
Yes
SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
Speculate on traditional and emerging financial markets via MT4, MT5 and cTrader. FXPrimus is multi-regulated and offers leverage up to 1:1000 alongside monthly promotions.
Demo Account
Yes
Regulated By
CYSEC, MIFID, ICF, FCA, BaFin, VFSC
MT4 Integration
Yes
Min. Deposit
$15
Min. Trade
0.01 lots
Crypto
Yes
EZ Invest is a CySEC-licensed broker offering trading on the financial markets.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Fortrade is a multi-asset broker offering a simple live account with advanced tools.
Demo Account
Yes
Regulated By
FCA, ASIC, CySEC, NBRB, IIROC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
FP Markets is a multi-asset broker offering a choice of trading platforms.
Demo Account
Yes
Regulated By
ASIC, CySEC, ESMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, JSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Spectre.ai is a blockchain-based binary options broker
Demo Account
Yes
Regulated By
St. Vincent and the Grenadines
MT4 Integration
No
Min. Deposit
$0
Min. Trade
$1
Crypto
Yes
Trade on the financial markets with low cost, leveraged products at HYCM.
Demo Account
Yes
Regulated By
FCA, DFSA, CIMA, CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms.
Demo Account
Yes
Regulated By
FCA, ASIC
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
Yes
Infinox is a UK-based broker offering MT4 trading with tight spreads.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
£1
Min. Trade
0.01 lots
Crypto
No
Hantec Markets is a multi-regulated online FX broker offering MT4 and a tailored service providing flexibility to suit any trader.
Demo Account
Yes
Regulated By
FCA, ASIC, FSC, FMA, FSA, CGSE, VSFC, JSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
LiteForex Europe is an FX and CFD broker offering sophisticated trading tools.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
No
Videforex accepts deposits in a range of cryptos and fiat currencies. Payouts reach 95% per trade.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
$1
Crypto
Yes
Fondex is an award-winning forex and CFD broker with industry low trading costs.
Demo Account
Yes
Regulated By
FSA, CySEC
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
Coinmama is a popular cryptocurrency trading exchange, aimed at beginners and high-net worth investors.
Demo Account
No
Regulated By
FinCEN, FINTRAC
MT4 Integration
No
Min. Deposit
$30
Min. Trade
$30 to buy, $100 to sell
Crypto
Yes
Deposit and trade with a Bitcoin funded account. BinaryCent offers binary options, FX and CFD trading. 1:100 leverage is also available.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
No
Min. Deposit
$250
Min. Trade
$.10
Crypto
Yes
Trading 212 Offer a truly mobile trading experience. With tight spreads and a huge range of markets, they offer a dynamic and detailed trading environment. Recent customer care issues have severely damaged the reputation of the brand.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
No
Min. Deposit
€/£/$1
Min. Trade
0.01 Lots
Crypto
Yes
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Demo Account
Yes
Regulated By
FCA, CySEC
MT4 Integration
No
Min. Deposit
$200 ($50 in US, $10 in UK)
Min. Trade
$1
Crypto
Yes
Just2Trade offer high tech trading on stocks and options with some of the lowest prices in the industry.
Demo Account
Yes
Regulated By
CySEC, NFA, FINRA, Bank of Russia
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01
Crypto
Yes
InstaForex provide Forex, CFDs, Stock and Cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading.
Demo Account
Yes
Regulated By
CySec
MT4 Integration
Yes
Min. Deposit
€100 to €50000 (Account choice dependent)
Min. Trade
0.01 Lots
Crypto
No

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.

Brokers that accept Skrill

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.

FAQs

How Long Does It Take To Verify Your Skrill Account?

It only takes 5 minutes to verify your Skrill account. The company is required by law to verify customers’ identities to protect against fraudulent activities and money laundering. Verifying your account is easy. You’ll just need to submit a copy of your passport, ID or driver’s licence and a proof of address (e.g a utility statement) issued in the last 3 months.

How Long Does It Take To Withdraw Money Using Skrill?

Withdrawal times will vary by broker. eToro states that withdrawal to e-wallets can take up to 7 working days. However, most brokers can process withdrawals in 24-48 hours.

Does Skrill Charge Fees?

Yes, Skrill does charge fees for its services. The fee structure is complex and depends on whether you’re sending or receiving money and the location it is going to (e.g Skrill account, bank account, broker). Importantly, however, paying merchants is free using Skrill – including brokers. However, if your trading account uses a foreign currency, you’ll be charged a currency exchange fee.

Is Skrill Safer Than PayPal?

Both PayPal and Skrill are equally safe methods of depositing and withdrawing funds with your broker. Both are regulated by the FCA and implement sufficient anti-hacker and anti-fraud practices.

How Do I Send Money To A Broker Using Skrill?

To use Skrill to deposit with your broker, you’ll need to have a Skrill account with existing funds or one linked to your credit or debit card. Go to the trading area on your broker’s website and follow the instructions to deposit. You’ll have the option to select Skrill as a deposit method if this is facilitated by your broker.