Forex broker XM

After Paypal, Skrill (formerly Moneybookers) is the largest provider of online payment services worldwide and is currently used by millions of users around the world among individuals and businesses dedicated to offering online products and services. Today Skrill has more than 12 million users which, although it does not approach the 150 million clients that Paypal has, speaks a lot about the expansion that this company has had during the last years.

This, and the fact that it is regulated by the Financial Conduct Authority (this entity has strict control rules over the entities that provide financial services), one of the main financial services authority of Great Britain, has made possible that currently this services of this company are used by a large number of online brokers as a secure method for their clients to make deposits and withdrawals from their real trading accounts.

Skrill allows fast and secure transactions and customers who open a trading account and deposit funds with Skrill can start investing the same day they make the deposit (of course this also depends on the broker). The biggest advantages of this company are the following:

Commissions for transferring and sending money are extremely low compared to other companies.

  • Transactions are fast and secure.
  • The company is regulated by the FCA of the United Kingdom.
  • Currently Skrill is used by a large number of Forex brokers and CFD brokers.
  • To the clients of certain countries Skrill allows them to deposit funds in their bank accounts.
  • Skrill accepts clients from all over the world.
  • Clients can add funds by credit card or bank transfer.

Below is a list of Forex brokers that use Skrill as one of their payment options for their clients:

List of Skrill brokers

BrokerBroker TypeRegulationMinimum DepositBroker Review
FPMarkets
ECN/STP-ASIC$200Review
XM
STP/Market Maker-CySEC
-ASIC
-IFSC
$5Review
Pepperstone
ECN/STP-ASIC
-FCA
$200Review
XTB
STP/NDD-FCA$250Review
Axitrader
ECN/STP-ASIC
-FCA
$10Review
BlackBull Markets
ECN/STP-FSRP$200Review
ForexTime
ECN/STP-CySEC$5Review
EXNess
ECN/STP-CySEC$10Review
ThinkMarkets
ECN/STP-ASIC
-FCA
$200Review
Alpari
ECN/STP-$10Review
GKFX
Market Maker-FCA$100Review
Avatrade
Market Maker-Bank of Ireland
-ASIC
$100Review
RoboForex
http://www.roboforex.com/?a=ufb
ECN/STP-CySEC
-IFSC
$10Review
Valutrades
STP-FCA$50Review
FBS
ECN/STP-CySEC
-IFSC
$1Review
HotForex
ECN/STP-CySEC$5Review
EasyMarkets
Market Maker-CySEC
-ASIC
$100Review
Tickmill
ECN/STP-FCA$25Review
XTrade
Market Maker-ASIC$100Review
Forex4you
ECN/STP-IFSC$10Review
Agea
Market Maker-SCMN$1Review
FXCC
ECN/STP-CySEC$100Review

There are many online brokers that accept Skrill as a payment option to deposit funds or withdraw your money from your trading account. Being an online payment method, transactions are made almost instantly so you can have your money in much less time than for example through bank transfer.

After having tested and analyzed several online brokers, in the table above you can find the ones we consider most advisable and that offer Skrill as a payment method to deposit and withdraw funds.