Skilling
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Freedom Finance
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Skilling Vs. Freedom Finance - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Oct 20 2022

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Overview

Skilling is a multi-platform global broker founded in 2016 that specialises in CFD trading over several asset classes.

Freedom Finance is an equities broker founded in 2008 belonging to the parent group Freedom Holding Corp (a publicly traded company on NASDAQ exchange). Their specialty is providing access to more than 1 million stocks, ETFs, bonds, futures and options worldwide along with IPOs.

Best For
  • Forex traders who want relatively straightforward, intuitive platforms with low commissions
  • Beginner traders who need assistance implementing first trades
  • Real equities traders looking to day-trade stocks, options, futures and ETFs
  • Long term investors looking to build a stocks or ETFs portfolio
  • Experienced investors that know which assets they are looking for
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FSAS (Seychelles)
  • CySec (Cyprus)
  • BaFin (Germany)
  • SEC (United States)
The Good
  • Multiple intuitive platforms for traders with different levels of experience
  • Several payment methods for deposits and withdrawals
  • No commission for standard accounts
  • Trade Assistant tool is great for beginners opening their first trade
  • Over 1,500,000+ assets from several exchanges worldwide
  • All assets are real equities (they do not provide CFDs)
  • InvestIdeas section with great analysis on several high potential stocks
  • 3% per year in their savings D-account (Daily interest accrual)
The Bad
  • Doesn’t allow deleveragred trading or customizable leverage
  • Charges commission on forex and spot metal trading for premium accounts 
  • Asset offering is not that comprehensive
  • The use of SMS codes for authentication of basic operations can be an issue for frequent international travellers
  • Freedom Finance does not offers currencies, cryptocurrencies or spot commodities
  • No stock screener or tools to research and analyse stocks efficiently
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2016 2008
💳 Minimum Deposit Range
From $100 to $5,000 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Fasapay
  • Webmoney
  • PayRetailers
  • PayTrust
  • Pagsmile
  • Directa
  • NganLuong.vn
  • UnionPay
  • Skrill
  • Neteller
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfers
💵 Account Base Currencies
5 - EUR, USD, GBP, NOK, SEK. 3 - EUR, USD, GBP.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, SY, IR.

SY, IR. 

📊 STP Account
Yes No
📊 DMA Account
No Yes
📊 ECN Account
No No
Banking License
No Yes
Debit Card
No No
Assets
📚 Assets Type
CFDs Equities
Total Asset Offering
938 1,411,284
Exchange Access
0 0
📙 Real Stocks
0 58,571
📙 Stock CFDs
762 0
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
73 0
📗 Commodities
0 0
📗 Commodities CFDs
6 0
📕 Indices
0 0
📕 Indices CFDs
18 0
📔 ETFs
0 1,500
📔 ETFs CFDs
45 0
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
34 0
📒 Bonds
0 191,959
📒 Bonds CFDs
0 0
📓 Options
0 1,153,234
📓 Options CFDs
0 0
📗 Futures
0 6,020
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
Variable - Fractions Allowed 1 Share
📉 Minimum ETFs Trade Size
Variable - Fractions Allowed 1 ETF
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC, 0.5 LTC) Unavailable
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) Unavailable
📈 Minimum Commodities Trade Size
Varies per commodity (eg: Gold 0.1 contracts, Silver 10 contracts) Unavailable
📉 Minimum Bonds Trade Size
Unavailable 1 Contract
📈 Minimum Futures Trade Size
Unavailable 1 Contract
📉 Minimum Options Trade Size
Unavailable 1 Contract
💪 Retail Leverage
30 3
💪 Professional Leverage
500 Unavailable
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes No
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
No No
📺 cTrader
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes No
👬 Copy Trading
Yes No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee
None None
💰 Deposit Fees
None

Yes, 7€ for bank transfers.

💰 Withdrawal Fees
None

Yes, up to 2.5% for credit / debit cards.

💰 Commissions

Skilling charges commission on its forex pairs and spot metals for its premium account. The commission starts from $35 per million USD traded (eg: EUR/USD $35, GBP/USD $40 and Gold $60).

Yes and the vary per account:

In their all inclusive USD account they charge,

  • 0.5% + $0.012 per share with a minimum  of $1.2 per trade
  • $0.65 per USA stock options contract
  • 12% for margin lending

In their Smart in EUR account they charge,

  • 0.02€ per share with a minimum of 2€ per trade
  • $0.65 per USA stock options contract
  • 12% for margin lending
  • €0.05 for each SMS notification

In their Fix in EUR account, they charge,

  • 10€ Monthly account fee
  • 0.012€ per share with a minimum of 1.2€ per trade
  • $0.65 per USA stock options contract
  • 12% for margin lending
  • €0.03 for each SMS notification
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.3 Pips Unavailable
📉 SP500
Dynamic - From 120 Pips Unavailable
📈 GOLD
Dynamic - From 36 Pips Unavailable
📉 TSLA (Stock CFD)
Dynamic - From $4.62 Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - From $0.84 Dynamic - Market Spread
📉 BTC
Dynamic - From $131.8 Unavailable
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No
📡 Educational Content
No No
📡 Live Chat Support
No No
📡 Video Tutorials
No No
📡 Account Management
No No
📡 Webinars
No No