Skilling
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IG
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73% of retail CFD accounts lose money.

Skilling Vs. IG - Compare and Choose the Right One

Updated Dec 22 2021

Visit

Your Capital is at risk.

Visit

73% of retail CFD accounts lose money.

Overview

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

IG is a global broker established in 1974 that holds 10 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

Best For
  • Forex traders who want relatively straightforward, intuitive platforms with low commissions
  • Beginner traders who need assistance implementing first trades
  • Professional traders looking to exploit their customisable platform and broad asset offering
  • High volume traders that can offset their commission costs by trading in larger volumes
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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
  • Broad platform offering with high customisability and integrated news feeds
  • Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs
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
  • There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
  • Their standard contracts can be too large some times for low volume traders
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required
  • Valid identity documents (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.

🏛 Financial Regulators
  • CySec (Cyprus)
  • FSA (Seychelles)
  • ASIC (Australia)
  • FCA (UK)
  • NFA (United States)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
📍 Year Founded
2016 1974
💳 Minimum Deposit
$, €, £ - 100 (Standard, MT4), 5,000 (Premium, MT4 Premium)

0 for Bank Transfers, 300 € for Paypal and Debit / Credit cards.

💰 Payment Methods
  • Visa
  • Mastercard
  • Fasapay
  • Webmoney
  • PayRetailers
  • PayTrust
  • Pagsmile
  • Directa
  • NganLuong.vn
  • UnionPay
  • Skrill
  • Neteller
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
5 - EUR, USD, GBP, NOK, SEK. 6 - AUD, EUR, GBP, HKD, SGD, USD.
🗽 Available to U.S Citizens
No Yes (excluding CFDs)
❌ Restricted Countries
US, SY, IR. SY, IR.
📊 STP Account
Yes - depending on product traded, available liquidity and trade size No
📊 DMA Account
No Yes
📊 ECN Account
No Yes
Assets
📚 Available Assets

CFDs on stocks, currencies, commodities, cryptocurrencies, indices and ETFs

  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies indices and bonds.
📙 Stocks
762

10,000+ CFDs / Offering from 8 exchanges worldwide for real stocks

📘 Currency Pairs
73 210
📗 Commodities
6 37
📕 Indices
18 76
📔 ETFs
45 2,000 + both CFDs and real ETFs
💸 Cryptocurrencies
34 15
📒 Bonds
N/A 19
📓 Options
N/A Availability only for select countries.
📗 Futures
N/A

Several contracts in commodities and indices with various expiration dates.

📝 Notes:

All of Skilling’s assets are CFDs

IG provides both CFD trading and real equity. US traders cannot trade CFDs.

Trading Experience
📈 Minimum Stock Trade Size
Varies per share - From 0.1 shares (Fractional trading) 1 Share
📉 Minimum ETFs Trade Size
Varies per ETF (Eg: VanEck Gold Miners 0.1 unit, XLK 1 unit) 1 ETF
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC, 0.5 LTC)

0.01 Contracts (IG Provides a standard contract containing a particular quantity of an asset, for example, ADA’s contract has 100 ADA coins)

📉 Minimum FX Trade Size
$1,000 (0.01 Lots)

1 Contract (IG Provides a standard contract containing a particular quantity of an asset, for example, 1 EUR / USD standard contract has 10,000 units)

📈 Minimum Commodities Trade Size
Varies per commodity (eg: Gold 0.1 contracts, Silver 10 contracts) 1 Contract
📉 Minimum Bonds Trade Size
N/A 1 Contract
📈 Minimum Futures Trade Size
N/A 1 Contract
📉 Minimum Options Trade Size
N/A Varies per option (usually 1 contract)
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No Yes
🔨 Trailing Stop-loss
Yes, for cTrader, MT4 and MT4 Premium accounts Yes
Fees
💰 Inactivity Fee
No

After 24 months of inactivity, IG charges an $18 monthly fee.

💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 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, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

Spreads
📈 EUR/USD
Dynamic - From 0 to 1.3 Pips Dynamic - From 0.9 Pips
📉 SP500
Dynamic - From 120 Pips Dynamic - From 150 Pips
📈 GOLD
Dynamic - From 36 Pips Dynamic - From 50 Pips
📉 TSLA (Stock CFD)
Dynamic - From $4.62 Dynamic - From $1.03
📈 XLK (ETF - CFD)
Dynamic - From $0.84 Dynamic - From 0 Pips
📉 BTC
Dynamic - From $131.8 Dynamic - From $140
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No Yes

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