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.
Standard
Skilling Standard account is the ideal type for beginners. It’s a 0 commission account available on Skilling trader and Skilling cTrader, with spreads from 0.7.
The starting deposit is $100 and the leverage for retail is 1:500.
Premium
Skilling premium account differs from the standard one mainly on the spreads (from 0.1) and it has commissions associated with it if the volume surpasses the million. Given the low spreads, the starting deposit is higher ($5,000). Available on Skilling trader and Skilling cTrader.
| Trading Platform |
| Commission from |
| Spreads from (pips) |
| Starting Deposit |
| Leverage |
| Micro Lot Trading (0.01) |
| Currency Pairs |
| Cryptos |
| Indices |
| Commodities |
| Equities |
| Stop Out Level |
| Scalping |
| Negative Balance Protection |
| Standard |
|---|
| Skilling Trader, Skilling cTrader |
| N/A |
| 0.7 |
| 100 € |
| 1 : 500 |
| 73 |
| 10 |
| 17 |
| 5 |
| > 700 |
| 50 % |
| Trade now |
| Premium |
|---|
| Skilling Trader, Skilling cTrader |
| $35 / million |
| 0.0 |
| 5,000 € |
| 1 : 500 |
| 73 |
| 10 |
| 17 |
| 5 |
| > 700 |
| 50 % |
| Trade now |
| MT4 |
|---|
| MT4 |
| N/A |
| 0.7 |
| 100 € |
| 1 : 500 |
| 53 |
| 6 |
| 12 |
| 5 |
| > 100 |
| 50 % |
| Trade now |
| MT4 Premium |
|---|
| MT4 |
| $30 |
| 0.0 |
| 5000 € |
| 1 : 500 |
| 53 |
| 6 |
| 12 |
| 5 |
| > 100 |
| 50 % |
| Trade now |
MT4
Facts about MT4 account here - It might be that we add a MT4 Premium soon after new year, so we should consider holding back on this change maybe? Also need to add a 3rd column in the table. There are some differences in number of instruments on MT4.
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 (Institutional) 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 (Institutional) 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.