Skilling and eToro are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. Skilling is regulated by 3 regulatory authorities, including CySEC, FSA, and FCA (recently deregistered from FCA). On the other hand, eToro is regulated by 7 regulatory authorities, including SEC, FINRA, FCA, CySEC, FSA-S, SIPC, ADGM These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare Skilling with eToro regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if Skilling is better than eToro. This comparison lets you understand which broker is better for your trading style and preferences.
Skilling vs eToro: In a Nutshell
Skilling
Established in 2016 by Scandinavian entrepreneurs, Lennart Clausen, André Lavold, Henrik Ekdahl, and Mikael Harstad, Skilling is a regulated and innovative forex broker. It offers traders access to more than 900 forex and CFDs on its Skilling Trader, cTrader, and MT4 platforms. The broker’s Premium account features competitive spreads and low commissions, ideal for advanced traders. Skilling.com provides forex pairs, CFDs, commodities, shares, indices, gold, silver, oil, bitcoin, and other cryptocurrencies for your personal investment and trading options. Additionally, Skilling provides tools like TradingView, an economic calendar, market news, and detailed analysis to enhance trading decisions.
Skilling Overview
- Founded In: 2016
- Minimum Deposit: 25 € or equivalent
- Maximum Leverage: Up to 1:1000 for non-EU retail traders,1:30 for EU retail traders. 1:200 for professional traders
- Regulations:CySEC, FSA, and FCA (recently deregistered from FCA)
- Trading platform: MT4, MT5, cTrader, Skilling Trader, and Skilling Copy
- Account Types: Offers 3 account types: Standard, Premium, MT4
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, CoinsPaid, Directa24, FasaPay, Klarna, Neteller, Ngan Luong, Pagsmile, PayPal, PayRetailers, PayTrust88, Skrill, Swish, Trustly, UnionPay, WebMoney
- US Traders: Not Accepted
eToro
For over 15 years, eToro has been championing the art of social trading among forex traders. It has built a huge community comprising over 30 million traders who interact with each other while investors automatically copy the trades of expert traders. Additionally, you can trade real stocks, ETFs, and cryptos with eToro.
Etoro Overview
- Founded In: 2007
- Founder: Yoni Assia, Ronen Assia
- Headquarters: UK
- Minimum Deposit: $50
- Maximum Leverage: 30:1 EU, 50:1 USA
- Regulations: SEC, FINRA, FCA, CySEC, FSA-S, SIPC
- Trading platform: eToro Trading Platforms
- Account Types: Standard, Professional, Corporate
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Giropay, Local Bank Deposits, Local Bank Transfers, Neteller, PayPal, Skrill, UnionPay, WebMoney, Yandex Money
Skilling vs: eToro Features
Skilling
- Trading Instruments: 800+ forex, CFDs, commodities, shares, indices, and cryptocurrencies
- Maximum leverage: up to 1:1000 for non-EU retail traders,1:30 for EU retail traders. 1:200 for professional traders
- Minimum Deposit: $25 for the Non-EU standard account, $100 for the EU standard account, and $5000 for the premium account.
- Account Types: Offers 3 account types: Standard, Premium MT4
- Fees: starting from 0.8 pips for a standard account,
- Social Copy Trading: Yes,
- Zulutrade: No
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Skilling vs eToro: Pros and Cons
Skilling
- Regulated by CySEC, FSA, and FCA.
- The Maximum leverage is as high as 1:1000 for global entities, 1:30 for EU traders, and 1:200
- Fully Digital Account Opening ( Easy Sign and Verification Process)
- Demo Accounts are Available
- Low Trading fees starting from 0.8 pips for standard accounts, and 0.10 pips for premium accounts
- Offers both leverage and non-leverage cryptos of trading
- Educational resources with a new 'Trading Study Hub' for beginner investors to learn more about investing
- Offers a variety of trading platforms and tools including MT4, Ctrader, Skilling Social Copy Trading, and Skilling own trading platform
- Straightforward fees, no hidden charge
- No deposit and withdrawal fees
- Higher minimum deposit of $100 for Standard accounts, and $5000 for Premium accounts in the EU
- Degegistered from FCA regulations
- Service is not available in many countries including Canada and the US
- 1:2 leverage for cryptocurrencies
- Only Forex and CFDs are offered
eToro
- Regulated in numerous jurisdictions including CySEC, FCA, ASIC, FinCEN, MSB, FSA Seychelles, FSC Gibraltar, and FSA Malta.
- Trading over 5,000 forex and CFD assets plus real stocks/ETFs and Cryptocurrencies.
- A large community of social traders
- Trading tools like market sentiments, news feed, Trading Central analysis, etc.
- Investors can copy the trades of expert traders or invest in ‘CopyPortfolios’
- Real Stocks and ETFs are Available
- Negative Balance Protection
- Traders pay withdrawal fees, inactivity fees, and conversion fees.
- You have no other platform choice than the eToro platform.
- You cannot automate your strategies via trading robots.
- No multiple account types; you can only have a retail account or a professional account.
- Margin trading is not available to U.S. users
- No limit orders for stocks.
- Not Available in American Samoa, Guam, Hawaii, Nevada, New York, Puerto Rico and US Virgin Islands
Skilling vs eToro: Side-by-Side Comparison
Skilling Vs eToro Our Scores and Ratings
We rated both brokers, Skilling and eToro, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
Skilling :
eToro:
Final Verdict :
Skilling and eToro are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. Skilling is regulated by 3 regulatory authorities, including CySEC, FSA, and FCA (recently deregistered from FCA). On the other hand, eToro is regulated by 6 regulatory authorities, including SEC, FINRA, FCA, CySEC, FSA-S, SIPC. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare Skilling with eToro regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if Skilling is better than eToro. This comparison lets you understand which broker is better for your trading style and preferences.
