Skilling Vs. Interactive Brokers - Compare Trustworthiness, Capabilities, Fees and Legitimacy

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

Interactive Brokers is a global brokerage founded in 1978 that holds 11+ high tier financial licenses and provides discounted electronic trading services in nearly all the globe with access to more than 100,000+ financial instruments.

• Forex traders who want relatively straightforward, intuitive platforms with low commissions
• Beginner traders who need assistance implementing first trades

• Seasoned investors looking for a one-stop shop to cover a variety of needs
• Global investors who seek the most reliable discount service available
• Traders from intermediate to advanced level

• CySec (Cyprus)
• FSAS (Seychelles)

• SEC (United States)
• FINRA (United States)
• FCA (United Kingdom)
• ASIC (Australia)
• IIROC (Canada)
• MNB (Hungary)
• BSE (India)
• CBI (Ireland)
• FSA (Japan)
• CSSF (Luxembourg) CSSF
• MAS (Singapore)

• 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

• High regulation
• Exceptional number of investment instruments (Above 100,000+)
• Competitive discount fees

• 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

• Complicated account opening process
• Platforms are not beginner friendly
• Narrow choice of deposit options (Mostly bank transfers)

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• 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.

• Visa
• Mastercard
• Fasapay
• Webmoney
• PayRetailers
• PayTrust
• Pagsmile
• Directa
• NganLuong.vn
• UnionPay
• Skrill
• Neteller
• Bank Transfer

• Bank Transfer
• ACH (US only)
• Check (US only)
• Debit Card (US only)
• BPAY (Australia only)

US, SY, IR.

AF, SY, SO, SD, LY, NG, BI.

One free withdrawal per month, subsequent are $10 per withdrawal or equivalent

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).

Commissions depend on market and residency:

• US residents are eligible for zero commission US stock trading. Else, for US stocks it is $0.005/share with a minimum $1 and maximum 1% of the trade value.
• European stocks have €3 minimum and 0.05% trade value.
• Forex commissions are volume based starting at 0.20 basis points of trade value or $2 minimum per trade, and going low as 0.08 basis points and $1.
• Options start at $0.25 per contract and go as low as $0.15 per contract.
• Futures start at $0.85 per contract and go as low as $0.25 per contract