Best Skrill Forex Brokers 2019

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Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.

Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

XTB

Regulated By:BaFin, CNMV in Spain, CySEC, FCA, IFSC

Foundation Year:2002

Headquarters:Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom

Min Deposit:$0

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Your capital is at risk

Your capital is at risk

Libertex

Regulated By:CySEC

Foundation Year:2014

Headquarters:Gladstonos and Karaiskaki Street, off 31, Limassol 3032, Cyprus

Min Deposit:$10

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Your capital is at risk

Your capital is at risk

Plus500

Regulated By:ASIC, CySEC, FCA, FSB, ISA, MAS

Foundation Year:2008

Headquarters:Building 25, MATAM, Haifa, Israel

Min Deposit:$100

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76.4% of retail CFD accounts lose money

76.4% of retail CFD accounts lose money

FBS

Regulated By:CySEC, IFSC

Foundation Year:2009

Headquarters:N/A

Min Deposit:$1

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Your capital is at risk

Your capital is at risk

OctaFX

Regulated By:CySEC

Foundation Year:2011

Headquarters:Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines

Min Deposit:$5

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Your capital is at risk

Your capital is at risk

FXTM

Regulated By:CySEC, FCA, FSC

Foundation Year:2011

Headquarters:FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus

Min Deposit:$10

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90% of retail CFD accounts lose money

90% of retail CFD accounts lose money

Skrill Forex Brokers Comparison Table

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BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
XTB
Visit Broker>

Your capital is at risk

BaFin, CNMV in Spain, CySEC, FCA, IFSC

$0

1:200

MT4, xStation 5

2002

STP

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Your capital is at risk

Libertex
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Your capital is at risk

CySEC

$10

1:600

N/A

2014

Market Maker

Visit Broker>

Your capital is at risk

Plus500
Visit Broker>

76.4% of retail CFD accounts lose money

ASIC, CySEC, FCA, FSB, ISA, MAS

$100

1:30

Plus500

2008

No dealing desk

Visit Broker>

76.4% of retail CFD accounts lose money

FBS
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Your capital is at risk

CySEC, IFSC

$1

1:3000

MT4, MT5

2009

ECN, No dealing desk, STP

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Your capital is at risk

OctaFX
Visit Broker>

Your capital is at risk

CySEC

$5

1:500

cTrader, MT4, MT5

2011

ECN, STP

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Your capital is at risk

FXTM
Visit Broker>

90% of retail CFD accounts lose money

CySEC, FCA, FSC

$10

1:30

MT4, MT5

2011

ECN, STP

Visit Broker>

90% of retail CFD accounts lose money

What is Skrill?

Skrill is a money transfer service which makes simple, quick, and secure digital payment transfers. Formerly known as “Moneybookers”, they’ve served businesses of all sizes, and personal endeavours with their payment services since 2001. Skrill’s focus is on low cost international money transfers made possible through the internet. It’s an online wallet where you can store funds, transfer funds, and use it as a payment method for a variety of websites.

Why use Skrill as Your Deposit/Withdrawal Method?

The use of Skrill to deposit and withdraw funds in your forex account can be a beautiful thing. It is fast, easy, and secure. Skrill can be hooked up directly to your bank account, so once transferred into your Skrill account you have the option to hold it or transfer to your bank account. All your credit card and account details are stored with Skrill all in one place, so the only information you need to transfer, is your username and password- a lot less hassle. Also as a VIP member you can reap the benefits they offer, such as a security token, multiple currency accounts, and loyalty points.

Benefits of Choosing a Broker that Accepts Skrill

Brokers who accept Skrill have a great deal of benefits. For instance, the transaction speeds with many forex brokers accepting Skrill is generally instant. Having the ability to withdraw profits or make payments is an important benefit with Skrill forex brokers. Another benefit, many forex brokers accepting Skrill give their customers special discounts and bonuses. In addition to this, Skrill also offers promotions and discounts with various brokers as well. Another important benefit, there are a large amount of forex brokers accepting Skrill, which gives you more options to whey in on when choosing the perfect broker for you.

How To Pick A Decent Broker With Skrill?

There are many brokers who use Skrill, but not all of them are the same. So how do you choose which one is right for you and your trading strategy? Well first off, like choosing any kind of broker you must research and look into the rules and regulations. It is important to understand the deposit and withdrawal options. In some cases, companies claim to accept Skrill, but only accept card payments through Skrill’s payment gateway. Also, as mentioned earlier, it is important to know what kind of special offers, promotions, and discounts brokers and Skrill might be offering.

Skrill Chargeback on Broker Account

As far as chargebacks go, Skrill doesn’t have the best reputation. Not like PayPal, or credit cards anyways. A successful chargeback is somewhat of a rare instance and requires sufficient amount of proof on your part. Skrill doesn’t really support chargebacks, and will not go out of their way to complete them. However it is possible with the right evidence of a fraudulent transaction, but they will not cater to you like Paypal and credit card companies.

Conclusion

So what is certain is that Skrill is a highly efficient and inexpensive way to fund a trading account. Based on the above factors we have compiled a list of the very best and most reliable orex brokers that accept this payment method.

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