Forex has taken many different traders by storm coming from different countries with different backgrounds, different government and banking policies, and yet the market, or more precisely Forex brokers, try to offer equal opportunities and access to all of the people across the world. Forex brokers have been making an effort to win over traders from as many countries as possible by offering them all the conveniences they are entitled to as traders. Payment methods are a crucial part of the business and the market. The market’s main occupation is to stay liquid, and therefore, it has to ensure the fastest ways of payments to keep it that way, but also to provide the best services to their clientele.
What is Skrill?
Skrill, which was formerly known as Moneybookers, is a British electronic payment system that is accepted worldwide. It is used in over 200 countries, and it counts 40 acceptable currencies. You can register online with Skrill and use your debit or credit card to deposit and withdraw funds. Skrill is regulated by the UK Financial Conduct Authority and counts to one of the safest payment methods in the world. Brokers, who employ the Skrill e-wallet, have to provide their verified bank account details and their location.
What Makes Skrill so Popular?
First of all, Skrill is very popular in the gambling and the Forex industry. It is known for fast and safe transactions and other conveniences like the right to retain anonymity to a certain degree. Users can register, deposit, and withdraw without providing a lot of personal information like bank details. This makes the registration process much easier and convenient for many Forex traders. You can fund your Skrill account from your wire account, credit card, etc. Skrill employs a small fee for sending and receiving money on your Skrill account. Still, depositing money to your Forex account from your Skrill account is completely free of charge.
Skrill and Forex
As we already mentioned this e-wallet befits a great number of Forex traders who appreciate fast money processing and the security offered by Skrill. Many Forex brokers include Skrill as a payment method, and some brokers sometimes have bonus promotions rewarding Skrill users. For example, some brokers offer to double your deposit if you deposit via Skrill. Other bonuses have also been offered to reward loyal Forex traders who opted for the Skrill payment method, like 95% cash- back just for Skrill users. Unlike PayPal which has been declining in popularity, Skrill is becoming one of the major payment methods in the industry. You can rarely find a broker who does not accept Skrill payment. Brokers know that some Forex traders who prefer Skrill are only going to sign with a broker who offers their favorite payment method. Given that brokers are highly competitive, each broker tries to meet all the needs of traders to become the ultimate broker for everyone.
Recommended Forex Brokers
Other Forex Brokers We Recommend
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|fxtm||$30||$5||CySEC, FBS||Read Review||Open Account|
|AvaTrade||40%||$250||MiFID||Read Review||Open Account|
|XM||100%*||$5||CySEC||Read Review||Open Account|
|hotforex||100%*||$50||CySEC||Read Review||Open Account|
|hycm||$5000||$100||FCA||Read Review||Open Account|
|N/A||$100||CySEC||Read Review||Open Account|
Top Skrill Forex Brokers
There are some of the well- reputed brokers who offer Skrill as a payment method. They are not only known for the variety of payment systems, but also for other features and conveniences. Let us mention a few of these brokers to help you make the best choice when choosing a Forex broker.
EasyMarkets.com is one of the most successful brokers in Europe. Under the cautious eye of CySEC and ASIC, the broker tries to offer and maintain fair market conditions and keeps its business transparent. EasyMarkets guarantees the safety of your personal and financial data. This is appealing to many traders who are afraid of being ripped off by their broker. Moreover, they are known for having a simple withdrawal policy with no delays or slippages. This information is also a magnet for new trader just like narrow competitive spreads which are also part of the EasyMarket package. In the end, these are indeed some of the major factors which brokers are judged by. This broker uses both, a self-developed platform and the MT4. This means that they follow the market trends and that they are not lagging behind any inventions of the market. With narrow and fixed spreads, and different account types, this broker is more than promising (also according to many reviews). This broker, of course, includes Skrill payment for Skrill fans, among the numerous other payment options.
Forex4You is small, but an appreciated broker. Comparing to other brokers, this broker is relatively tiny but offers high-quality services. It is regulated and licensed by the FCA and underlies strict policies. The broker offers the revolutionary platform MT4 just like the majority of brokers. The broker has different account types to cover all levels of traders. Spreads are also pretty competitive, and many traders enjoy the services of this broker. The payment network of Forex4You is pretty much developed, and Skrill is one of the favorite methods. Withdrawing money from your Skrill account (or other electronic payment systems) is efficient with this broker, where your money will be instantly transferred to your account upon withdrawal request.
OctaFX is also one of the reputable ones. This broker was established in 2011 and has been operating in more than 100 countries by now. The broker has an interest to attract Asian traders, so they opened an office in Asia. OctaFX made sure to be regulated by one of the best, and secured its license from the UK FCA. All traders who are somewhat longer in the business will instantly know what it means to be regulated by this authority. This broker employs even three platforms, namely MT4, MT5 and the latest industry development cTrader. Different accounts are offered with the corresponding trading platform. Spreads are narrow and competitive and can be as low as 0.2 pips for major currency pairs. A decent and reputable broker will make sure to have a well-regulated payment system including all the convenient methods and e-wallets. Of course, a broker of such a reputation accepts Skrill without charging a commission for it.
Skrill has been, and still is, one of the favorite payment methods among clients. Many clients make payments and deposits via Skrill, because it stands for affordability, stability, and reliability.