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Despite being one of the most common and popular payment methods, not all forex brokers accept Skrill as a funding method. This means that if you want to use Skrill as your primary payment method to deposit and withdraw funds to and from your trading account, you’ll have to find a reputable and regulated broker that accepts Skrill.

To help you find this broker, in this guide, we suggest the best forex brokers that accept Skrill in 2021. We’ll review each broker, compare them, and show you how to get started with one of the forex brokers accepting Skrill.

Best Skrill Forex Brokers 2021 List

  • eToro – Overall best Skrill forex broker
  • Capital.com – Low-cost CFD broker that accepts Skrill
  • Avatrade – Best Skrill forex broker that supports MT4, MT5, and FX options
  • Libertex – Skrill forex broker with zero spreads
  • VantageFX – True ECN/STP forex broker that accepts Skrill
  • Pepperstone – Best Skrill forex broker that supports the cTrader
  • Skilling – Best high leverage forex broker that accepts Skrill
  • Plus500 – Best skrill forex broker for beginners
  • XM – Best Skrill broker for forex Islamic account
  • FX Pro – Online forex broker with a wide range of exotic FX currency pairs

Top Skrill Forex Brokers Reviewed

1. eToro – Overall Best Skrill Broker

etoro brokerFrom our research, we found that eToro is the overall best forex broker that accepts Skrill, particularly for beginner investors and those who want to get access to a social trading platform. With over 17 million members, eToro is the largest and most effective social trading network in the world, enabling users to connect with each other and share trading activity.

The company’s flagship product, the CopyTrade tool, allows traders to automatically copy the trades of other members. Further, unlike other Skrill brokers that provide copy social trading tools, at eToro, you can use the CopyTrade filter to choose the risk, the market, the country of the chosen investor, etc.

eToro copy trade

In terms of the selection of assets, eToro offers you to trade 45 forex pairs, but also a huge list of shares, indices, commodities, ETFs, and cryptocurrencies. Additionally, you’ll get access to another great tool that is called eToro CopyPortfolios, which are basically managed portfolios that focus on a certain market, region, or sector.

Pros:

  • Largest social trading platform in the world
  • competitive fees and low spreads
  • Huge range of assets across various markets – forex, cryptos, commodities, stocks, ETFs, and more
  • Great trading platform for beginners
  • Supports the copy trade and copy portfolios tools
  • Accepts a variety of payment methods, including Skrill
  • Regulated by the UK FCA, CySEC in Cyprus and ASIC in Australia

Cons:

  • No forex signals service
  • The platform is not suited for experienced traders

67% of retail investor accounts lose money when trading CFDs with this provider.

2. Capital.com – Low-Cost CFD Broker that Accepts Skrill

capital.com reviewIf you are looking for a Skrill forex broker that offers you a huge range of assets, low fees, and one of the most unique trading platforms in the market – then Capital.com is the broker of choice. This broker gives you access to 138 FX currency pairs through two trading platforms – the MT4 or its trading platform that was developed by the Capital.com team.

Capital.com skrill broker

The Capital.com platform is unique as it includes an AI technology feature that sends users trading insights. Additionally, it provides traders market news and updates, market sentiment tools, and Web TV. New traders also can take advantage of educational tools like the Investmate app, webinars, and online courses.

Finally, Capital.com offers a leverage ratio of 30:1 and extremely competitive spreads. To get started, you need to make a deposit of just $20 or sign up for an account and start using the demo account.

Pros:

  • A wide range of 138 FX currency pairs
  • Leverage of up to 30:1 on forex
  • Features AI tool to sends users trading ideas
  • A low minimum deposit requirement of $20
  • One of the best trading platforms in the market
  • Supports MT4
  • Regulated by the FCA and CySEC

Cons:

  • Takes 5-7 to withdraw funds with Skrill and other eWallet solutions

71.2% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.

3. Libertex – Skrill Forex Broker with Zero Spreads

libertex brokerAnother great brokerage firm that accepts Skrill as a payment method is Libertex, one of the oldest and most popular forex and CFD trading platforms among retail traders. Libertex has a zero spread policy that basically allows you to trade assets with a fee of just 0.006% per trade. For some traders, this is a major benefit that makes this broker superior over competitors.

Another reason that makes Libertex a perfect choice for professional traders is the high leverage of up to 1000:1. In terms of trading platforms, Libertex offers the MT4 and MT5 for active traders and its own trading platform which is ideal for beginners or those who want to track their account via an easy-to-use platform.

Libertex web platform

As Libertex is known as one of the best scalping forex brokers in the market, you also get up to a 50% discount when you reach a certain trading volume. You can open an account with just $10 by using Skrill without paying any deposit and withdrawal fees.

Pros:

  • Offers zero spreads
  • Supports MetaTrader4, MetaTrader5, and its webtrader platform
  • Up to 50% commission discount for active traders
  • Leverage of up to 1000:1 for professional traders, and 30:1 for retail forex traders
  • Minimum $10 deposit
  • No deposit and withdrawal fees when using Skrill
  • Regulated by CySEC

Cons:

  • The web-based platform is not ideal for high speed scalping trading
  • No social trading tools

83% of retail investor accounts lose money when trading CFDs with this provider.

4. AvaTrade – Best Skrill Forex Broker that Supports MT4, MT5, and FX Options

avatrade review

AvaTrade is a great choice in case you are looking for a Skrill forex broker that offers you a range of trading platforms and tools. This broker supports the MetaTrader4 and its successor the MetaTrader5 on a web browser, desktop application, and mobile device. In fact, with the range of tools AvaTrade offers, it is clearly one of the best MT5 forex brokers out there. But unlike other brokers, AvaTrade differentiates itself from other Skrill brokers by offering other platforms and tools, including a professional desktop and mobile trading platform for FX options.

AvaTrade mobile options app

Apart from offering FX options on 40 currency pairs, AvaTrade is equipped to meet the needs of all types of traders. As such, you get access to automated trading solutions via MT4 and MT5, and, you’ll also be able to use the DupliTrade, ZuluTrade, and AvaSocial – all are features that will help you automate your trading.

Pros:

  • Supports FX vanilla options
  • 55 FX currency pairs and over 40 FX call and put options
  • Tight spreads and low fees
  • Supports a wide range of trading platforms – MT4, MT5, AvaOptions, AvaTradeGo, etc
  • Minimum deposit of just $100
  • Leverage of up to 400:1 for professional traders
  • Heavily regulated forex broker

Cons:

  • The range of assets is limited

71% of retail investor accounts lose money when trading CFDs with this provider

5. VantageFX – True ECN Forex Broker that Accepts Skrill

VantageFX logoFounded in 2009 in Australia, VantageFX is certainly one of the best ECN forex brokers in the market with over 50,000 active traders. Unlike other Skrill brokers in our list that offer market maker execution, the Australian broker uses a digital system called electronic communication network (ECN) to connect its users with top liquidity providers. By doing that, VantageFX removes the conflict of interest between the client and the broker and offers a transparent trading environment.

Notably, this type of market execution is more suited for professional forex traders that place a large number of orders and are looking for tight spreads, fast market execution, and rebate programs.

VantageFX homepgae

If you decide to use Skrill with VantageFX, you need to meet a minimum deposit requirement of $200 with the following fiat currencies – USD, AUD, GBP, EUR, SGD. As for the processing time, it takes maximum 24 hours for the money to be transferred to and from the broker.

Pros:

  • A pure ECN/STP broker
  • Zero spreads and low fees
  • Supports the MetaTrader4 and the MetaTrader5
  • A leverage ratio of up to 500:1
  • Fast execution
  • Skrill (Moneybookers) transfers are available in USD, EUR, AUD, GBP, and SGD
  • Swap-free trading is available

Cons:

  • Charges deposit and withdrawal fees when using Skrill

There is no guarantee you will make money when trading CFDs with this provider.

Skrill Forex Brokers Comparison

As you can see from our broker reviews above, forex brokers compete to get new clients, making it quite a challenge to choose the right broker to trade with. Therefore, you need to decide what are the most important factors for you, and based on that, pick one the best forex brokers that accept Skrill. To help you get the right decision, we have compared each of the forex brokers accepting Skrill including payment fees, deposit and withdrawal time, the range of FX assets, etc.

 

eToro VantageFX Capital.com Libertex AvaTrade
Skrill Deposit Fee Free International transfers are free if using a debit card, Manual Bank transfer, Paysafecash, Bank transfer via Sofort/Klarna
Up to 2.99% when using credit card
Free Free Free
Skrill Withdrawal Fee $5 Same as deposit Free Free Free
Skrill Withdrawal Fee $5 Same as deposit Free Free Free
Skrill Deposit and Withdrawal Time Deposit – Typically instant but may take up to 7 business days

Withdrawal – 1-2 business days

Within 24 hours Deposit – Instant

Withdrawal – between 5-7 business

Deposit – Instant

Withdrawal – within 24 hours

Deposit and withdrawal – within 24 hours
Number of FX Currency Pairs
45 44 138 51 55

Why Choose a Skrill Broker?

Skrill is one of the most popular and widely used online payment services with over 40 million users worldwide. Many people considered Skrill as the best alternatives to PayPal, in large due to the lower fees and the fast money payment system. Best of all, skrill is also a cryptocurrency wallet to store your digital assets. Plus, it collaborates with many crypto exchanges so you can convert your fiat money to crypto coins and buy cryptocurrencies directly from the Skrill application. When it comes to forex trading, Skrill is a popular payment choice by traders due to several reasons, which we discuss below.

Security

First and most importantly, Skrill is completely safe to use and is among the most trusted online payment systems in the world. It is authorized by the Financial Conduct Authority (FCA0 under the Electronic Money Regulations 2011 and is a registered financial entity in England and Wales under the registration number 4260907.

Further, unlike other online payment solutions, Skrill ensures that you can keep your financial details private every time you make a deposit or withdraw funds from your Skrill broker.

Ease of Use

One of the key features of Skrill’s service is that it is simple to use. With this digital wallet, you can easily transfer funds to your friends and family, including crypto assets. The app is available on any web browser and as a mobile app, so you can manage everything from your phone when you deposit and withdraw funds from and to one of the forex brokers that accept Skrill.

Skrill mobile app

Fast Deposits & Withdrawals

For forex traders, the speed of payments is an extremely important factor. In that matter, if you decide to use one of the forex brokers that accept Skrill, making payments with Skrill is typically very fast. At the vast majority of Skrill brokers, deposits with Skrill is instant and withdrawals are processed within 24 hours. This is much faster than other payment methods like bank transfer or PayPal that often take up to 5-7 days.  

How to Get Started with a Skrill Broker

Now that you have a list of the best Skrill brokers in the market, you can open an account and make a deposit using your Skrill account. In this section, we’ll show you how to get started with eToro, though the process remains largely the same with the vast majority of other forex brokers accepting Skrill. So, if you are ready to start trading the forex market with a Skrill broker, simply follow the steps below to get started.

Step 1: Open an Account

The first thing you need to do to start the process is to visit eToro’s website and sign up for an online trading account. Luckily, the registration process with eToro is simple and all you need to do is to click on ‘Trade Now’ button on the broker’s homepage and fill in your personal details.

eToro homepage

Step 2: Verify your Account

As eToro is regulated by several financial entities, you must verify your identity before you can add funds to your account and trading financial instruments. As such, when you complete the registration process and your account was approved, you can then upload documents that verify your ID – this includes proof of ID (a copy of your driver’s license or passport) and proof of address (a copy of a bank statement or utility bill).

Step 3: Make a Deposit with Skrill

Now that your account is approved and verified, you can add funds to your eToro account with Skrill. The minimum deposit requirement with eToro is $200 though you need to take into consideration the leverage available on each asset class (a 30:1 leverage ratio for forex major FX currency pairs).

To make a deposit with Skrill, simply click on the ‘Deposit Funds’ button on eToro’s dashboard, enter the amount you want to deposit, the currency, and choose Skrill from the drop-down menu.

eToro Skrill

Step 4: Trade Forex

As soon as the funds reach your account, you can start trading forex on eToro’s platform. First, you need to find the FX currency pair you want to buy or short sell. To do that, simply type the currency symbol at the search bar at the top of the screen.

eToro GBP/USD

When you click on the Trade button, you’ll see an order form where you need to enter the size of the position, the type of order (market or limit), set a stop loss and take profit orders, and click on the Set Order button.

etoro fx trading

eToro – Overall Best Skrill Forex Broker

Ultimately, a payment method is a crucial factor when it comes to forex trading. You want to get the option to send and receive your funds as fast as possible and in the most secure and safest way. Skrill is a popular payment option for forex traders around the world due to the speed of transactions, security, ease of use, and low fees.

If you want to trade with one of the best forex brokers that accept Skrill, this review found that eToro is the best option for you, and for several reasons. Not only it is the safest option in terms of regulation and the reputation it has in the industry, but eToro is also the best platform in terms of trading tools, features, and the social trading network it provides.
eToro stock broker

67% of retail investor accounts lose money when trading CFDs with this provider.

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