Skilling Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Skilling trading signals. You will learn what kinds of trading signals Skilling offers and what the conditions for using them are.
Short introduction of Skilling
Skilling is a Scandinavian broker founded in 2016. Initially, the company worked in the regional market, providing classic CFD trading services. Today it is a relatively large European broker registered in Cyprus and licensed by CySEC 357/18, FCA 810951 (UK) and FSA SD042 (Seychelles). The broker positions itself as a fintech platform, developing software and technologies for novice and professional traders.
| 💰 Account currency: | EUR, USD |
| 🚀 Minimum deposit: | 20 USD (EUR 100 - EU) |
| ⚖️ Leverage: | Up to 1:30 (for retail trading), up to 1:200 (for professionals) |
| 💱 Spread: | From 0.7 pip (Standard and MT4), from 0.1 pip (Premium, MT4 Premium) |
| 🔧 Instruments: | Currency Pairs (53-73), Stock CFDs (760), Indices (16-18), Commodities (6), Cryptocurrencies (50) |
| 💹 Margin Call / Stop Out: | n/a/50% |
Skilling Pros and Cons
👍 Advantages of trading with Skilling:
•No commission for replenishment and withdrawal of money.
•No restrictions on the amount and number of requests.
•Availability of an insurance fund in case of force majeure, bankruptcy, or fraud.
•Proprietary professional platform for manual trading. Classic platforms for trading with expert advisors.
•Exit to a large level of liquidity. Excluding slippage, a sharp increase in trading commission.
•Over 750 fund assets, including indices.
👎 Disadvantages of Skilling:
•Maximum leverage is 1:30 for traders without experience. Leverage on cryptocurrencies is reduced to 1:2.
•High spreads on standard accounts.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Skilling Trading Signals
Experts at the Traders Union analyzed the tariff policy of the Skilling broker. According to the results, the flexibility of trading terms depends on the type of account and the asset traded. On the Standard and MT4 accounts there is no fixed commission, but the spread is from 0.7 pips for currency pairs. There is a fixed commission for the Premium and MT4 Premium accounts with a spread of 0.1 pip from $35-50 for a trading turnover of $1 million, taking into account the leverage. There are no commissions for replenishment and withdrawing money.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard and MT4 | From $7 | No |
| Premium and MT4 Premium | From $1 | No |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Skilling does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can trading signals be provided for free?
Brokers may offer free and paid trading signals.
Can trading signals depend on the account type?
Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.