Profile
This Skilling Seychelles review outlines the offshore entity of the Scandinavian broker Skilling, regulated by the Seychelles Financial Services Authority (FSA). The FSA-licensed arm offers higher leverage, broader asset access, and fewer trading restrictions compared to its EU and Kenyan counterparts, catering primarily to international clients seeking flexible trading conditions.
Regulation and Safety
Skilling Seychelles is operated by Skilling (Seychelles) Ltd, which is regulated by the Financial Services Authority (FSA) of Seychelles under License No. SD042. While the FSA is a recognized offshore regulator, it does not provide investor compensation schemes.
Key safety features include:
- Segregated client funds held in international Tier-1 banks
- Negative balance protection for retail clients
- Compliance with AML and KYC procedures
Though regulation is less stringent than in the EU, Skilling implements robust internal risk controls and secure trading environments.
Execution Model and Trading Platforms
Skilling Seychelles uses a no-dealing-desk (NDD) execution model with Straight Through Processing (STP). All trades are routed to liquidity providers without internal dealing desk interference.
Available platforms include:
- Skilling Trader: Intuitive proprietary web and mobile platform
- cTrader: Advanced platform with FIX API and algorithmic trading features
- MetaTrader 4: Desktop, web, and mobile access with EA support
Skilling cTrader supports copy trading and is preferred by institutional and algorithmic traders.
Markets and Instruments
Clients of Skilling Seychelles gain access to 900+ CFD instruments:
- Forex – Over 70 currency pairs
- Indices – Major global indices including NASDAQ, S&P 500, FTSE, DAX
- Commodities – Oil, gold, silver, natural gas
- Shares – CFDs on 700+ global equities
- Cryptocurrencies – BTC, ETH, DOGE, ADA, XRP, and more
All instruments are margin-based and settled as CFDs.
Accounts, Spreads and Leverage
Skilling Seychelles offers two account types:
- Standard Account: Spreads from 0.7 pips, commission-free
- Premium Account: Spreads from 0.1 pips, $35 per $1 million traded
Key conditions:
- Maximum leverage up to 1:500
- Minimum deposit: $100
- Stop-out level: 50%
- Islamic swap-free accounts available
Funding and Base Currencies
Supported deposit and withdrawal methods include:
- Credit/debit cards (Visa, Mastercard)
- Bank wire transfers
- Skrill, Neteller
- Trustly and Swish (available for select regions)
Base currencies: USD, EUR, GBP, NOK, SEK. Deposits are processed instantly or within hours. Withdrawals typically take 1–3 business days. No deposit fees apply; withdrawal fees depend on the payment provider.
Client Protections and Features
Despite offshore regulation, Skilling Seychelles provides several protections:
- Negative balance protection for retail clients
- Segregated funds in reputable global banks
- Encrypted trading environment with 2FA login
- Internal risk monitoring and order transparency
Clients also receive access to trading calculators, daily news, and trading sentiment tools.
Institutional and Retail Offering
Skilling Seychelles serves both individual and institutional traders:
- Retail – MT4, cTrader, and Skilling Trader platforms
- Institutional – FIX API, custom pricing, and partnership programs
- IB/Affiliate programs available globally
There is no white-label or prime brokerage service at this time.
Pros
- High leverage up to 1:500
- Access to MT4, cTrader, and proprietary Skilling Trader
- Crypto, FX, stocks, and indices all available as CFDs
- Low spreads and commission account options
- FIX API and copy trading support for advanced users
Cons
- No investor compensation scheme (offshore regulation)
- No MetaTrader 5 support
- CFD-only trading (no spot instruments)
- Limited educational content on the Seychelles site
Frequently Asked Questions
Is Skilling Seychelles regulated?
Yes, Skilling Seychelles is regulated by the FSA under license number SD042.
What leverage is available with Skilling Seychelles?
Clients can access leverage up to 1:500 depending on the instrument and account type.
What platforms can I use?
Skilling Seychelles supports MT4, cTrader, and its proprietary Skilling Trader platform.
Are cryptocurrencies available?
Yes, clients can trade CFDs on over 50 cryptocurrencies including BTC, ETH, and DOGE.
Does Skilling Seychelles offer institutional tools?
Yes, institutional traders can access FIX API, custom pricing, and volume-based commission plans.