| Updated: E-wallets such as Skrill have become a staple of online Forex trading, and for good reason. Skrill enables fast, cost-effective, convenient and private transactions without requiring you to disclose sensitive personal and financial information directly to a broker. This payment method is widely accepted by retail Forex brokers for deposits and withdrawals and often incurs little or no additional processing fees. Read on to learn what makes Skrill suitable for Forex traders, and be sure to check our ranking of the best brokers that support it.
Below, you can find a list of Forex brokers that accept Skrill:
Top 9 Forex Brokers with Skrill
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Fusion Markets
- Australia regulated broker
- MT4, MT5, TradingView, Ctrader
- Leverage up to 500
Trading InstrumentsDeposit Methods- Commodity CFDs
- Crypto CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
- Stock CFDs
-
FP Markets
- Australia and CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading InstrumentsDeposit Methods- Commodity CFDs
- Crypto CFDs
- Energy CFDs
- ETF CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
- Stock CFDs
-
BlackBull Markets
- Broker boasting lightning-fast execution speed
- ECN brokers with tight spreads from 0.0 pips
- $0 minimum deposit requirement
Trading InstrumentsDeposit Methods- Commodity CFDs
- Crypto CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
- Stock CFDs
-
Global Prime
- Australia regulated broker
- Advanced MT4
- $0 Minimum Account Size
Trading InstrumentsDeposit Methods- Commodity CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
-
FxPro
- NDD broker offering deep liquidity and ultra-fast execution
- Over 99% instant order executions with no requotes
- Supports MT4, MT5, cTrader, and a proprietary platform
Trading InstrumentsDeposit Methods- Commodity CFDs
- Crypto CFDs
- Energy CFDs
- ETF CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
- Stock CFDs
-
Pepperstone
- Australia and CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading InstrumentsDeposit Methods- Commodity CFDs
- Crypto CFDs
- Energy CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
- Stock CFDs
-
XM Group
- XM provides great trading experiences using MetaTrader 4 and MetaTrader 5, which are improved by personalized features.
- Zero commission accounts are available
- Top-tier regulation from CySEC, ASIC, FSC, and DFSA oversee XM's operations, assuring transparency and client safety.
Trading InstrumentsDeposit Methods- Commodity CFDs
- Crypto CFDs
- Energy CFDs
- Forex CFDs
- Index CFDs
- Metal CFDs
- Share CFDs
- Turbo Stocks
-
AvaTrade
- Minimum deposits from $100
- Licensed by 11 regulatory bodies
- Retail forex leverage of up to 1:400
Trading InstrumentsDeposit Methods- Bonds CFDs
- Commodity CFDs
- Crypto CFDs
- Crypto Options
- Energy CFDs
- ETF CFDs
- Forex CFDs
- Forex Options
- Index CFDs
- Index Options
- Metal CFDs
- Share CFDs
- Stock CFDs
- Stock Options
- US Stock Options
-
ActivTrades
- Winner of 20+ Global Awards
- MT4/MT5, TradingView
- Leverage up to 1:400
Trading InstrumentsDeposit Methods- Bonds CFDs
- Commodity CFDs
- Crypto CFDs
- ETF CFDs
- Forex CFDs
- Index CFDs
- Share CFDs
Our 8-step guide to choosing a forex broker
- Verify regulation and authorisation (e.g., FCA, ASIC).
- Check trading costs: spreads, commissions, swaps.
- Compare execution quality: slippage, fills, order types.
- Check platforms and tools: MT4/MT5, cTrader, TradingView.
- Ensure risk controls: stop-loss, guaranteed stops, negative balance protection.
- Review funding and withdrawals: local options, fees, processing times.
- Evaluate research, education, and alerts.
- Prioritise security and support: segregated client funds, two-factor authentication, support hours.
Brokers Compared by Spread
FX Brokers Deposit Method Comparison
| Brand | Minimum deposit | |
|---|---|---|
| Fusion Markets |  |
$0 |
| FP Markets | |
$50 (AU$100) |
| BlackBull Markets |  |
$0 (Standard)$0 (Prime)$20,000 (Institutional) |
| Global Prime | |
$0 |
| FxPro | |
No fixed minimum deposit requirement |
| Pepperstone | |
$10 |
| XM Group | |
$5 |
| AvaTrade | |
$100 |
| ActivTrades | |
$0 |
Forex Brokers by Regulator
| Brand | Maximum leverage | |
|---|---|---|
| Fusion Markets | |
1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:500 (VFSC | Retail Account) |
| FP Markets | |
1:500 (CySEC | Pro Account), 1:30 (ASIC | Retail Account), 1:30 (CySEC | Retail Account), 1:500 (FSAS | Retail Account) |
| BlackBull Markets | |
1:500 (FMA), 1:500 (FSAS) |
| Global Prime | |
1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:500 (VFSC) |
| FxPro | |
1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account), 1:10000 (SCB | Retail Account) |
| Pepperstone | |
1:500 (CySEC | Pro Account), 1:500 (SCB | Pro Account), 1:30 (ASIC | Retail Account), 1:30 (CySEC | Retail Account), 1:30 (DFSA | Retail Account), 1:30 (FCA | Retail Account), 1:200 (SCB | Retail Account) |
| XM Group | |
1:30 (CySEC | Retail Account), 1:1000 (IFSC | Retail Account) |
| AvaTrade | |
1:400 (Pro Account), 1:30 (Standard Account) |
| ActivTrades | |
1:400 (CMVM | Pro Account), 1:30 (CMVM | Retail Account), 1:1000 (FSC), 1:200 (SCB) |
Forex Broker Platform Availability
| Brand | FX pairs to trade | |
|---|---|---|
| Fusion Markets | |
cTrader, MetaTrader 4, MetaTrader 5, TradingView |
| FP Markets | |
cTrader, MetaTrader 4, MetaTrader 5, TradingView |
| BlackBull Markets | |
cTrader, MetaTrader 4, MetaTrader 5, TradingView |
| Global Prime | |
MetaTrader 4, MetaTrader 5 |
| FxPro | |
cTrader, MetaTrader 4, MetaTrader 5, TradingView |
| Pepperstone | |
MetaTrader 4, MetaTrader 5, Proprietary Mobile, Proprietary Web |
| XM Group | |
MetaTrader 4, MetaTrader 4 MultiTerminal, MetaTrader 5, Proprietary Mobile, Proprietary Web |
| AvaTrade | |
MetaTrader 4, MetaTrader 5, Proprietary Web |
| ActivTrades | |
MetaTrader 4, MetaTrader 5, Proprietary Web, TradingView |
Comprehensive Comparison of the Best Forex Brokers with Skrill
| Brand | Min. Deposit | Trading Platforms | Spread | Regulation | Trustpilot |
|---|---|---|---|---|---|
 |
$0 |
|
AVG 0.91 pips |
|
|
 |
$50 (AU$100) |
|
AVG 1.29 pips |
|
|
 |
$0 (Standard)$0 (Prime)$20,000 (Institutional) |
|
AVG 0.1 pips |
|
|
 |
$0 |
|
AVG 1 pips |
|
|
 |
No fixed minimum deposit requirement |
|
AVG 0.48 pips |
|
|
 |
$10 |
|
AVG 1.1 pips |
|
|
 |
$5 |
|
MIN 1.6 pips |
|
|
 |
$100 |
|
AVG 0.8 pips |
|
|
 |
$0 |
|
AVG 0.5 pips |
|
Is Skrill a Viable Option for Deposits and Withdrawals at Forex Brokers?
Skrill is an e-wallet that enables users to make online payments quickly and securely. It is a convenient option for Forex traders because of its speed, security, and ease of use. With Skrill, you can fund your Forex trading account using a range of deposit options while keeping your financial details private when making payments. The Skrill app also enables you to manage payments on the go, giving you the flexibility to fund your account from almost anywhere. Additionally, the Skrill VIP programme offers lower fees, 24/7 support, and other benefits, making it an attractive option for traders.
To get started with Skrill, you will need to create an account, which takes just a few minutes. This allows you to keep your payment details in one place, making it easier to manage your funds. You can then add money to your Skrill wallet using bank accounts, cards, or prepaid vouchers. You can also transfer funds quickly to popular Forex platforms. With a Skrill account, you can react to market movements by moving funds quickly and efficiently.
How to Make a Deposit to a Trading Account with Skrill?
To fund your trading account via Skrill, follow these steps:
- Skrill Account Setup: Navigate to the Skrill website and sign up for an account. You will need to complete a verification process to ensure that your account is secure and ready to use.
- Connect Your Bank Account or Card: Connect your bank account, credit card, or debit card to your Skrill account. This will enable you to transfer funds from your bank account or card to your e-wallet.
- Add Funds to Your Skrill Wallet: Transfer money from your linked bank account or card to your Skrill wallet. This will provide the funds needed to make a deposit into your Forex trading account.
- Deposit Funds into Your Forex Trading Account: Sign in to your Forex trading account and go to the deposit section. Select Skrill as your payment method and enter the amount you would like to deposit. The funds will then be transferred from your Skrill wallet to your Forex trading account.
How to Withdraw from a Trading Account with Skrill?
Follow the steps below to withdraw funds from your trading account via Skrill:
- Access Your Forex Trading Account: Sign in to your Forex trading account and go to the withdrawal section. This is where you will initiate the withdrawal process.
- Select Skrill as Your Withdrawal Method: Choose Skrill from the list of available withdrawal methods and specify the amount you want to withdraw. Make sure you enter the correct amount to avoid errors.
- Transfer Funds to Your Skrill Wallet: Transfer the funds from your Forex trading account to your Skrill wallet. This process is usually quick and secure.
- Withdraw Funds from Your Skrill Account: Once the funds are in your digital wallet, you can access them using one of the following methods:
-
Transfer the funds to your linked bank account, credit card, or debit card.
Use the Skrill Prepaid Mastercard to withdraw cash from an ATM.
Skrill Fees and Limits
Skrill may charge fees for transactions, including deposits and withdrawals. These fees can vary depending on the trader’s location and the broker’s payment policy. Here is a breakdown of the fees associated with Skrill deposits and withdrawals:
-
Deposit Fees:
- Cards (Diners Club, JCB, Mastercard, and Visa): 0.00%*
- Bank transfer: 0.00%*
*As of 22 July 2024, Skrill has introduced a new minimum fee for all deposit methods. According to the revised Skrill Account Terms of Use, a minimum charge of €0.50, or the equivalent amount in another currency, applies to all deposits made to a Skrill account. - Paysafecard: Up to 5.00%
- Other payment methods: Fees vary depending on the payment method and location.
-
Withdrawal Fees:
- Neteller: 3.49%
- Mastercard and Visa: Up to 3.99%, with a minimum fee of €0.99
- SWIFT: €5.50
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Currency Conversion Fees:
If you deposit or withdraw funds in a currency other than the one in which your Skrill account is denominated, you will be charged a currency conversion fee of 3.99% above the wholesale exchange rate.
-
Service Fees:
To avoid incurring a service fee, it is essential to use your Skrill account regularly. As long as you log in to your account or make a transaction at least once every six months, you will not be charged a service fee.
However, if your account remains inactive for six months or more, a monthly service fee of €5.00, or the equivalent amount in another currency, will be deducted from your account balance. This fee will continue to be charged until you reactivate your account by logging in or making a transaction.
Typical limits for Skrill deposits and withdrawals vary between brokers, but you can expect to find the following:
- Deposit minimums and maximums: Minimum deposit limits usually range from $10 to $100, while maximum limits commonly range from $10,000 to $50,000.
- Withdrawal minimums and maximums: Minimum withdrawal limits generally range from $10 to $100, while maximum limits range from $10,000 to $50,000.
Security of Skrill Transactions
Skrill takes the security of its users’ transactions seriously and implements a range of measures to protect against unauthorised access, fraud, and other security threats. Here are some of Skrill’s key security features:
- Encryption:
Skrill uses advanced encryption technology to protect user data and transactions. This includes 128-bit SSL (Secure Socket Layer) encryption, the same level used by banks and other financial institutions. All data transmitted between Skrill’s servers and users’ browsers is encrypted, making it difficult for hackers to intercept and read sensitive information. - Two-Factor Authentication (2FA):
Skrill offers 2FA to enhance the security of user accounts. Users must enter a verification code sent to their mobile device or email address, in addition to their password, to access their account. This makes it much harder for hackers to gain access to user accounts, even if they have obtained a user’s password. - Payment Card Industry Data Security Standard (PCI DSS) Compliance:
Skrill complies with the PCI DSS, a set of security standards designed to ensure that companies handling credit card information maintain a secure environment and protect cardholder data.Skrill’s compliance with the PCI DSS helps ensure that users’ credit card information is handled and stored securely, reducing the risk of credit card fraud and other security threats.
- Anti-Money Laundering (AML) and Know Your Customer (KYC) Procedures:
Skrill has implemented AML and KYC procedures to prevent money laundering and other illicit activities. These procedures include verifying users’ identities, monitoring transactions for suspicious activity, and reporting such activity to the relevant authorities. - Regular Security Audits and Penetration Testing:
Skrill regularly conducts security audits and penetration tests to identify and address vulnerabilities. These tests simulate real-world attacks and help Skrill improve its defences, ensuring that its security measures remain effective and up to date. - User Account Protection:
Skrill offers several features to help users protect their accounts, including:
- Password protection: Users can choose a strong password to protect their account, and Skrill will prompt them to change it regularly.
- Account alerts: Users can set up alerts to notify them of suspicious activity on their account.
- Transaction limits: Users can set transaction limits to control how much money can be spent or transferred from their account.
- Regulatory Compliance:
- Skrill is regulated by the Financial Conduct Authority (FCA) in the UK and complies with relevant EU and UK regulations, including the Payment Services Directive (PSD2) and the General Data Protection Regulation (GDPR).
- Skrill’s regulatory compliance helps ensure that it operates transparently and securely and that user funds are protected.
Overall, Skrill’s security measures are designed to provide users with a safe environment in which to carry out transactions and manage their accounts. By implementing advanced encryption, 2FA, and other security features, Skrill helps protect users against unauthorised access, fraud, and other security threats.
How to Find a Trustworthy Forex Broker Accepting Skrill Payments?
When searching for Forex brokers that accept Skrill payments, consider the following factors:
- Broker regulation: Ensure that the broker is regulated by a reputable authority, such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC).
- Spreads, commissions, rollover fees, deposit and withdrawal fees, and inactivity fees: Look for brokers with competitive spreads, low commissions, and minimal charges.
- Trading platforms: Consider the variety, quality, and features of the trading platforms offered by the broker.
- Account types and minimum deposits: Look for brokers that offer a range of account types and reasonable minimum deposit requirements.
- Security measures: Ensure that the broker has robust safeguards in place, such as encryption and two-factor authentication (2FA).
- Customer support: Choose a broker with a responsive and knowledgeable customer support team.
Frequently Asked Questions
Here are several frequently asked questions about Skrill transactions at Forex brokers:
Is Skrill a secure payment method for Forex trading?
Yes, Skrill is a secure payment method that uses advanced encryption and two-factor authentication (2FA).
How long do Skrill deposits and withdrawals take?
Skrill deposits are typically instant, while withdrawals can take anywhere from a few hours to a few days, depending on the broker’s policy.
Are there any fees associated with using Skrill for Forex trading?
Yes, Skrill may charge fees for transactions, including deposits and withdrawals. These fees can vary depending on the trader’s location and the broker’s payment policy.
Can I use Skrill to trade Forex on my mobile device?
Yes, Skrill has a mobile app that allows you to manage payments and fund your Forex trading account on the go.
Is Skrill available in my country?
Skrill is available in many countries, but it is essential to check its website to confirm whether the service operates in your region.
Conclusion
Skrill is a popular and convenient payment method for Forex traders, offering speed, security, and flexibility. By following the steps outlined above, you can deposit and withdraw funds from your trading account using Skrill. When searching for a trustworthy Forex broker that accepts Skrill payments, consider factors such as regulation, spreads, commissions, and security measures. Skrill allows you to manage Forex trading payments while keeping your transactions secure and your financial details protected.
Why You Should Trust RationalFX
When it comes to making informed decisions about forex brokers, it's essential to rely on trustworthy sources. RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it's clear that Rational FX has built a reputation for providing reliable and unbiased information.
What sets Rational FX apart is its rigorous evaluation process, which considers over 30 different criteria when selecting forex brokers. This comprehensive approach ensures that every aspect of a broker's service is taken in consideration, including regulation, forex spreads, trading platforms, deposit methods, and reputation. With its wealth of experience, transparent review process, and outstanding customer feedback, Rational FX is a trusted source for anyone seeking reliable information on forex brokers. You can reach us via e-mail at feedback@rationalfx.com or contact us through our social media accounts here: Facebook, YouTube, or leave a feedback here.