Account Types
Skilling offers three main types of accounts: Standard, Premium and MT4. All trading accounts share similar features, such as leverage; number of assets to trade; scalping or negative balance protection, however there are some differences also.
Skilling also offers Professional and Corporate accounts. Please contact our customer service for details on how to apply here.
Standard
Skilling Standard account is the ideal type for beginners. It’s a 0 commission account available on Skilling trader, Skilling cTrader and MT4, with spreads from 0.8.
The starting deposit is 100 € and the leverage for retail is 1:30.
Premium
Skilling Premium Account differs from the standard one mainly on the spreads (from 0.1 pips) and it is also subject to trading volume commissions ($35/million dollar volume). Given the low spreads, the starting deposit is higher ((€5000 or *an average monthly trading volume of $10,000,000 (100 lots)).
| Standard | Premium | MT4 | MT4 Premium |
|
|---|---|---|---|---|
| Trading Platform | Skilling Trader, Skilling cTrader |
Skilling Trader, Skilling cTrader |
MT4 | MT4 |
| Commission from | N/A | $40 / million | N/A | $40 / million |
| Spreads from | 0.8 | 0.1 | 0.8 | 0.1 |
| Starting Deposit | 100 € | *5,000 € | 100 € | *5,000 € |
| Leverage Retail | 1 : 30 | 1 : 30 | 1 : 30 | 1 : 30 |
| Micro Lot Trading (0.01) | ||||
| Currency Pairs | 73 | 73 | 53 | 53 |
| Indices | 18 | 18 | 16 | 16 |
| Commodities | 6 | 6 | 5 | 5 |
| Equities | >760 | >760 | ||
| Stop Out Level | 50 % | 50 % | 50 % | 50 % |
| Scalping | ||||
| Negative Balance Protection | ||||
| Trade now | Trade now | Trade now | Trade now |
MT4
Metatrader 4 (or MT4) is the most famous trading platform for forex retail traders. It has been developed for any type of trader but especially within the forex community it has a 90% of market share. It is now available at Skilling for Web, Desktop, Android or iOS.
If you decide to use the web option, then you won’t need to download metatrader. But if you do prefer the desktop version, you can download it directly from Skilling.
Corporate (Entity) accounts
Normally all accounts opened with Skilling are regarded as Retail accounts.
A retail account in trading is the type of account used by individual traders, where they trade financial instruments with a personal account.
However, it’s also possible to open a Corporate account with Skilling.
The Corporate account will be opened in the name of a legal entity, and then it will be categorized as seen fit according to the account-types above. I.e, it can be either a Standard, Premium or MT4 account, and obviously the Professional status can be applied if the criterias are met.
Normally all accounts opened with Skilling are regarded as Retail accounts.
A retail account in trading is the type of account used by individual traders, where they trade financial instruments with a personal account.
However, it’s also possible to open a Corporate account with Skilling.
The Corporate account will be opened in the name of a legal entity, and then it will be categorized as seen fit according to the account-types above. I.e, it can be either a Standard, Premium or MT4 account.