The best Skrill Forex brokers are eToro, AvaTrade, XM, and IC Markets.
To choose the best Skrill Forex broker to trade, the availability of Skrill as form of payment, minimum and maximum deposit and withdrawal, transaction processing time, trading costs (spread and commissions), platform and tools, and customer support are the most important criteria.
eToro is the best Skrill Forex broker overall, it allows Skrill deposits with a minimum requirement of $50 without fees, and the minimum withdrawal of $30 with $5 fees. The deposit processing time is instant, while the withdrawal processing time takes a couple of business days. It offers trading costs with spreads (1 pips on EUR/USD), high execution speed, comprehensive platforms (Proprietary Platform), and active customer support (24/5 availability).
AvaTrade, XM, and IC Markets follow eToro as the best Skrill Forex brokers, with the possibility to use Skrill, platform and tools (MT4, MT5, cTrader and Proprietary Platform), and customer support (24/5 availability via phone, email, and chat). AvaTrade offers fee-free deposits and withdrawals using Skrill, processes both within 24 business hours. It requires a minimum Skrill deposit of $100 and it offers trading costs with fixed spreads of 0.9 pips on EUR/USD. XM provides Skrill for fee-free transactions with a minimum deposit of $5 and processes deposits instantly and withdrawals within 24 hours. It offers trading costs with spreads from 0.1 pips on EUR/USD. IC Markets allows fee-free Skrill transactions up to $70,000 and processes Skrill deposits instantly and takes up to 3 business days for withdrawals. It offers trading costs with spread from 0.1 pips along a commission of $7 per lot round turn on EUR/USD.
Round-Up
Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
| SKRILL FOREX BROKERS | SKRILL DEPOSIT FEE | SKRILL DEPOSIT PROCESSING TIME | SKRILL WITHDRAWAL FEE | SKRILL WITHDRAWAL PROCESSING TIME |
|---|---|---|---|---|
| eToro | $0 | Instant | $5 | Up to 2 business days |
| AvaTrade | $0 | Up to 24 hours | $0 | Up to 24 hours |
| XM | $0 | Instant | $0 | Up to 24 hours |
| IC Markets | $0 | Instant | $0 | Up to 3-5 business days |
| easyMarkets | $0 | Instant | $0 | Up to 1 business day |
| NAGA | $50 | Instant | From $0 to $5 | Up to 24 hours |
| HF Markets | $0 | Up to 10 minutes | $0 | Instant |
| FXCM | $0 | Up to 24 hours | $0 | Up to 2 business days |
| ActivTrades | $0 | Up to 30 minutes | $0 | Up to 48 hours |
| FXTM | $0 | Instant | $0 | Up to 24 hours |
What are the best Skrill forex brokers?
Below our curated list of the best Neteller forex brokers, with details of features and characteristics.
eToro
eToro allows Skrill deposits with a minimum requirement of $50. eToro processes Skrill deposits instantly, charges a $5 fee for Skrill withdrawals and supports USD, AUD, GBP, and EUR currencies.
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About eToro
eToro is a global multi-asset investment platform founded in 2007, offering trading on stocks, ETFs, Crypto CFDs, commodities, and forex. eToro provides a proprietary web and mobile platform with social trading features. eToro is regulated by multiple authorities including FCA, ASIC, and CySEC. eToro is known for its user-friendly interface, copy trading functionality, and commission-free stock trading. eToro serves over 30 million users worldwide. The eToro CEO and co-founder is Yoni Assia.
eToro Features
The features of eToro are listed below.
- eToro clients who want to use Skrill will find a minimum deposit requirement from $50 depending on location.
- The minimum eToro withdrawal amount requested is $30.
- No fees from eToro’s part on Skrill deposits but eToro charges a $5 fee on Skrill withdrawals.
- With eToro, the processing time is instant for Skrill deposits, while it can take up to a couple of business days for Skrill withdrawals.
- eToro’ account base currency is USD, so with any other currency used you will get charged a conversion fee from eToro from 50 pips depending on the base currency. eToro accepts AUD, GBP, and EUR for Skrill payments.
- Skrill applies a 3.99% currency conversion rate.
eToro Pros and Cons
Advantages of eToro
The advantages of eToro are listed below.
- Great copy trading and social trading features
- Wide range of asset classes
- It allows to buy fractional stocks from $10
Disadvantages of eToro
The disadvantages of eToro are listed below.
- The eToro spreads can be high
- Offers only USD accounts
- Transferring cryptocurrencies to other platforms can be hard
AvaTrade
AvaTrade enables Skrill deposits with a minimum of $100. AvaTrade offers fee-free deposits and withdrawals using Skrill, processes both within 24 business hours and supports major currencies like USD, EUR, GBP, and AUD.
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About AvaTrade
AvaTrade is a global forex and CFD broker founded in 2006 and headquartered in Dublin, Ireland. AvaTrade offers trading on currencies, commodities, indices, stocks, bonds, ETFs, and cryptocurrencies. AvaTrade provides proprietary platforms alongside MetaTrader 4 and 5. AvaTrade is regulated by multiple authorities including CySEC, ASIC, and FSA. AvaTrade serves over 300,000 clients worldwide. AvaTrade is known for competitive spreads and extensive educational resources. The AvaTrade CEO is David Dryzin since 2016.
AvaTrade Features
The features of AvaTrade are listed below.
- AvaTrade’s EU and Australian traders cannot use Skrill as one of their payment methods.
- AvaTrade requires a minimum Skrill deposit of $100.
- Fee-free from AvaTrade’s part on both Skrill withdrawals and deposits.
- The Skrill deposits and withdrawal processing time is up to 24 business hours.
- Base currencies may depend on your location, but majors like USD, EUR, GBP, AUD, ZAR, and CHF are typically available.
- Skrill charges a currency conversion fee of 3.99%.
AvaTrade Pros and Cons
Advantages of AvaTrade
The advantages of AvaTrade are listed below.
- Tight fixed spreads from 0.6 pips (0.9 pips for retail traders)
- The mobile apps are well designed
- Can be connected to ZuluTrade and Duplitrade
Disadvantages of AvaTrade
The disadvantages of AvaTrade are listed below.
- High inactivity fees
- The demo account is limited to 30 days
XM
XM uses Skrill for fee-free transactions with a minimum deposit of $5. XM processes deposits instantly and withdrawals within 24 hours, ans supports several skrill currencies like USD and EUR.
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About XM
XM is a global forex and CFD broker founded in 2009, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. XM provides MetaTrader 4, MetaTrader 5, and proprietary platforms. XM is regulated by multiple authorities including CySEC, ASIC, and IFSC. XM is known for competitive spreads, extensive educational resources, and multilingual customer support. XM serves over 5 million clients from 196 countries. XM offers various account types and a no-requote policy.
XM Features
The features of XM are listed below.
- XM does not charge any fee for Skrill deposits and withdrawals.
- The minimum amount required for deposits and withdrawals is $5.
- Usually, XM Skrill deposits have an instant processing time.
- XM Skrill withdrawals take up to 24 hours to be processed.
- For Skrill payments, USD and EUR base currencies are typically available everywhere. Then there are less common base currencies like SGD, JPY, or ZAR: the availability depends on your location.
- Skrill expects a currency conversion fee of 3.99%.
XM Pros and Cons
Advantages of XM
The advantages of XM are listed below.
- There’s a wide range of account types
- The demo account at XM is unlimited
- Wide range of educational resources
Disadvantages of XM
The disadvantages of XM are listed below.
- No social trading features available
- The account availability changes depending on the location of the trader
- High minimum deposit to invest in securities ($10000 for the XM Shares account)
IC Markets
IC Markets allows fee-free Skrill transactions up to $70,000. IC Markets processes Skrill deposits instantly and takes up to 3 business days for withdrawals, and supports multiple currencies including USD, EUR, and GBP.
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About IC Markets
IC Markets is a global forex and CFD broker founded in 2007 and based in Sydney, Australia. IC Markets offers trading on over 2,250 instruments including currencies, commodities, indices, stocks, and cryptocurrencies. IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader platforms. IC Markets is regulated by multiple authorities including ASIC and CySEC. IC Markets is known for its ECN execution model and low spreads. The IC Markets CEO is Andrew Budzinski.
IC Markets Features
The features of IC Markets are listed below.
- Both Skrill deposits and withdrawals are fee-free from IC Markets’ part.
- IC Markets allows you a maximum Skrill deposit or withdrawal of up to $70,000.
- Skrill deposits are processed instantly, while withdrawals may take longer (up to 3 business days) but are instant once they are processed.
- The base currencies accepted by IC Markets are USD, EUR, GBP, AUD, JPY, and SGD. Availability depends on your location.
- A currency conversion rate of 3.99% is charged by Skrill.
IC Markets Pros and Cons
Advantages of IC Markets
The advantages of IC Markets are listed below.
- Low-latency trading environment
- Institutional level liquidity
- MT4, MT5, cTrader platforms are all available
Disadvantages of IC Markets
The disadvantages of IC Markets are listed below.
- Small amount of educational tools for new traders
- Small range of tradable assets compared to other CFD/Forex brokers
EasyMarkets
EasyMarkets enables Skrill deposits and withdrawals fee-free. EasyMarkets offers instant deposit processing, with withdrawals taking one working day, and accepts USD, EUR, and GBP for Skrill payments.
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About EasyMarkets
EasyMarkets is a global forex and CFD broker founded in 2001, offering trading on currencies, commodities, indices, cryptocurrencies, and stocks. EasyMarkets provides proprietary web and mobile platforms alongside MetaTrader 4 and 5. EasyMarkets is regulated by multiple authorities including CySEC and ASIC. EasyMarkets is known for innovative features like dealCancellation and fixed spreads. EasyMarkets serves clients worldwide and has received numerous industry awards. The EasyMarkets CEO is Nikos Antoniades.
EasyMarkets Features
The features of EasyMarkets are listed below.
- Skrill with easyMarkets is not available in many countries in Africa and Asia.
- Both Skrill deposits and withdrawals with EasyMarkets are fee-free from the broker’s side.
- There is no minimum requirement for Skrill withdrawals with EasyMarkets.
- The processing time for Skrill deposits with easyMarkets is instant, while withdrawals typically take 1 working day.
- There are many accepted base currencies, including USD, EUR, and GBP. Remember the availability of base currencies depends on your location.
- Please note that Skrill expects a currency conversion rate of 3.99%.
EasyMarkets Pros and Cons
Advantages of EasyMarkets
The advantages of EasyMarkets are listed below.
- Innovative Risk Management Tools
- User-Friendly Platform
- Regulatory Trust
Disadvantages of EasyMarkets
The disadvantages of EasyMarkets are listed below.
- Limited Tradeable Symbols
- Higher Spreads on Some Accounts
- Outdated User Experience
FXTM
FXTM supports Skrill transactions with no fees. FXTM handles Skrill deposits instantly and processes withdrawals within 24 hours. FXTM accepts EUR, USD, GBP, PLN, and CZK for Skrill payments.
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About FXTM
FXTM, also known as ForexTime, is a global forex and CFD broker founded in 2011. FXTM offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader 4, MetaTrader 5, and proprietary platforms. FXTM is regulated by multiple authorities including CySEC, FCA, and FSC Mauritius. FXTM is known for low spreads, fast execution, and extensive educational resources. FXTM serves over 2 million clients worldwide. The FXTM CEO is Nicholas Defteras.
FXTM Features
The features of FXTM are listed below.
- FXTM allows their Skrill clients use of the Skrill VIP program. The perks include deposit charges being covered by FXTM, your own personal Skrill Account, a free Skrill Prepaid Mastercard, and fast verification of deposits. The program may not be available for all clients.
- FXTM does not charge a fee for Skrill deposits and withdrawals.
- With FXTM, Skrill deposits are instant, while withdrawals take 24 hours to be processed.
- FXTM’s accepted base currencies are EUR, USD, PLN, GBP, and CZK, with availability depending on your location.
- Skrill charges a currency conversion rate of 3.99%.
FXTM Pros and Cons
Advantages of FXTM
The advantages of FXTM are listed below.
- User-Friendly Platform
- Fast Customer Support
- Low Minimum Deposit
Disadvantages of FXTM
The disadvantages of FXTM are listed below.
- Withdrawal Fees
- Limited Product Range
- Inactivity Fees
NAGA
NAGA suggests a $250 minimum for Skrill deposits. NAGA charges no fees for deposits and processes them almost instantly.
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About NAGA
NAGA is a German fintech company founded in 2015, offering social trading and investing services across forex, stocks, cryptocurrencies, commodities, and indices. NAGA provides a proprietary trading platform alongside MT4 and MT5. NAGA is regulated by CySEC and listed on the Frankfurt Stock Exchange. NAGA is known for its social trading features and copy trading functionality. The NAGA CEO is Michael Milonas since 2024.
NAGA Features
The features of NAGA are listed below.
- The minimum deposit recommended by NAGA when using Skrill is $250.
- When making a Skrill deposit, you won’t get charged any fee from NAGA.
- Skrill deposits’ time of processing is almost instant.
- The minimum withdrawal amount recommended when using Skrill is $50.
- Withdrawals fees can be from 0 to $5 based on your NAGA VIP User Level.
- Skrill withdrawal processing time is up to 24 hours.
- Base currencies provided by NAGA are typically EUR, PLN, GBP, and USD, though the availability may depend on your location.
- Skrill charges a currency conversion fee of 3.99%.
NAGA Pros and Cons
Advantages of NAGA
The advantages of NAGA are listed below.
- User-Friendly Platform
- Social and Copy Trading Features
- Diverse Asset Selection
Disadvantages of NAGA
The disadvantages of NAGA are listed below.
- High Spreads
- Limited Account Types
- No US Clients
HFM
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About HFM
HFM, formerly known as HotForex, is a global multi-asset broker founded in 2010. HFM offers trading on forex, stocks, commodities, indices, and cryptocurrencies through MetaTrader and proprietary platforms. HFM is regulated by multiple authorities including FCA, CySEC, and FSCA. HFM is known for competitive spreads, fast execution, and extensive educational resources. HFM serves over 3.5 million clients worldwide. The HF Markets Group CEO is George Koumantaris.
HFM Features
The features of HFM are listed below.
- HF Markets provides Skrill as one of their payment methods.
- The minimum Skrill deposit a HF trader can make is $50 while the maximum deposit is $10,000.
- No deposit fees from HF Markets are charged on Skrill deposits and these can be processed within 10 minutes.
- The minimum Skrill withdrawal a HF client can make is $5.
- No withdrawal fees from HF Markets are charged on Skrill withdrawals and these are processed instantly.
- Typically the account base currencies available are USD, EUR, NGN, AR, GBP, and JPY, though availability depends on the account type and on your location.
- Keep in mind the currency conversion rate of 3.99% applied by Skrill.
HFM Pros and Cons
Advantages of HFM
The advantages of HFM are listed below.
- High Leverage Options
- Low Minimum Deposit
- Wide Range of Trading Instruments
Disadvantages of HFM
The disadvantages of HFM are listed below.
- Higher Trading Costs
- Limited Educational Resources
FXCM
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Regulations:
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Avg. EUR/USD Spread:
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About FXCM
FXCM is a global forex and CFD broker founded in 1999, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. FXCM provides MetaTrader 4 and proprietary trading platforms. FXCM is regulated by multiple authorities including FCA, ASIC, and CySEC. FXCM is known for competitive spreads, extensive educational resources, and copy trading services. FXCM recently launched a sister platform called Tradu. The FXCM parent company “Stratos Group” CEO is Brendan Callan.
FXCM Features
The features of FXCM are listed below.
- With FXCM you can make a Skrill minimum deposit of $50 and a maximum of $20,000.
- FXCM does not charge a fee on Skrill deposits.
- The processing time for Skrill deposits is 1 business day.
- Skrill with FXCM is also available for withdrawals. You will have to make a request via email to [email protected] to proceed with the withdrawal.
- No withdrawal fees charged on FXCM’s part.
- The processing time for Skrill withdrawals can be up to a couple of business days.
- Account base currencies accepted for Skrill payments are EUR, USD, and GBP for EU clients, while USD is the one available for International clients.
- A currency conversion rate of 3.99% is charged by Skrill.
FXCM Pros and Cons
Advantages of FXCM
The advantages of FXCM are listed below.
- Regulation and Trust
- Advanced Trading Tools
- Competitive Spreads for Active Traders
Disadvantages of FXCM
The disadvantages of FXCM are listed below.
- Limited Range of Instruments
- Average Pricing Structure
ActivTrades
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About ActivTrades
ActivTrades is a global online broker founded in 2001, offering trading on forex, CFDs, indices, shares, commodities, and ETFs. ActivTrades provides MetaTrader platforms and its proprietary ActivTrader platform. ActivTrades is regulated by multiple authorities including the FCA. ActivTrades serves clients in over 140 countries and is known for competitive spreads and innovative trading tools. ActivTrades recently introduced zero commission on shares and fractional trading. The ActivTrades CEO and founder is Alex Pusco.
ActivTrades Features
The features of ActivTrades are listed below.
- ActivTrades clients who will use Skrill will find fee-free deposits and withdrawals from the broker’ side.
- Skrill deposits have a processing time of 30 minutes with ActivTrades.
- Skrill withdrawals have a processing time from 24 to 48 hours with ActivTrades.
- The base currencies supported for Skrill payments by ActivTrades are generally EUR, GBP, and USD among the others, with availability depending on your location.
- Keep in mind the currency conversion rate of 3.99% applied by Skrill.
ActivTrades Pros and Cons
Advantages of ActivTrades
The advantages of ActivTrades are listed below.
- Low Trading Costs
- User-Friendly Platforms
- Regulatory Compliance
Disadvantages of ActivTrades
The disadvantages of ActivTrades are listed below.
- Limited Product Range
- Withdrawal Fees
How to choose the best Skrill forex broker?
When choosing the best Skrill forex broker, several factors come into play. Here’s a comprehensive guide to help you make an informed decision:
- Check the broker regulatory oversight before committing to any forex broker as it’s vital to ensure they operate under recognized regulatory bodies, such as the FCA (Financial Conduct Authority) in the UK, the ASIC (Australian Securities and Investments Commission) in Australia or the CySEC (Cyprus Securities and Exchange Commission) in Europe.
- Check the deposit/withdrawal features with Skrill, since it’s important to check the transaction fees charged by the broker and the time taken for deposit and withdrawal processes. Lastly, verify the minimum deposit requirement for Skrill and the minimum-maximum withdrawal limits for Skrill transactions.
- Check for trading tools and educational resources to enhance your trading experience. Inspect the broker’s trading platforms for user-friendliness, accessibility, and features. Also, evaluate any tools and educational resources offered.
Is Skrill safe?
Skrill operates under the regulatory oversight of the Financial Conduct Authority (FCA) in the UK, which ensures stringent measures are in place for user protection.
Skrill uses high-level encryption to protect its users’ data. In addition, they offer two-factor authentication, adding an extra layer of security to accounts.
While Skrill has robust security measures, users should remain vigilant. Always use strong, unique passwords and be cautious of phishing attempts. Regularly reviewing account activities can also help spot any suspicious transactions.
What are the fees using Skrill?
Forex transactions via Skrill come with their own set of fees. Most forex brokers won’t charge any fee for deposits made via Skrill, making it an economical choice for many traders.
While Skrill deposits might be free, withdrawals can incur fees. These fees typically range between 1% and 3% of the transaction. However, some brokers might waive the fee if you withdraw a set minimum amount.
What are the processing times?
Skrill ensures prompt processing of transactions. Skrill deposits are typically instant, allowing traders to quickly fund their accounts and start trading. Depending on the broker’s policy, Skrill withdrawals might take up to a business day.
Various elements can influence these processing times. For instance, new users might experience delays due to verification processes. Additionally, individual bank policies might also affect the speed of transactions. Always check with both the broker and your bank to get an accurate estimation.
Pros and Cons of Skrill Forex Brokers
Pros
- instant transfers
- available worldwide
- don’t have to share bank details with brokers
- Mobile app compatibility
Cons
- might charge fees for withdrawals
- Not always eligible for broker deposit bonuses
- Some countries might apply restrictions on Skrill