Plus500 has been one of the best CFD brokers globally since 2008. The broker offers a wide range of online CFDs on forex, shares, commodities, and more!
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Many brokers in the UK accept deposits and withdrawals using Skrill. This is primarily because the payment method is one of the most secure, fast, and efficient. Plus, it is accepted across numerous global countries, making transactions easy whether you are in the UK or travelling beyond borders.
We tested hundreds of brokers accepting Skrill in the UK to create this guide with our top recommendations. Since we want to ensure you are ready and comfortable to make the first deposit, we will also educate you on the importance of using Skrill in your trades. Plus, you will understand how to select the best broker among a pool of options available.
AvaTrade – Easy and Fast Account Opening Skrill Trading Broker
*80% of CFD retail accounts lose money
In this guide
UK Trading Brokers that Accept Skrill 2024
Compare Brokers that Accept Skrill in the UK
During our research for the best brokers with Skrill deposit methods, we tested hundreds of options via their demo accounts. We also compared their features to shortlist only those that met our specifications.
Since we always want to remain unbiased with our broker recommendations, our research process did not stop there. We visited Google Play, the App Store, and Trustpilot to sample as many user testimonials and ratings as we could. We then combined our findings with the test results to create the recommendations list below.
Before we review the brokers, here is our comparison table highlighting some of the key features we considered while testing Skrill brokers.
Brief Overview of Our Recommended Skrill Brokers’ Fees and Assets
Before embarking on online trading using a Skrill broker, prioritise your trading needs. This means you must select a Skrill broker with features that will give you an exciting experience. For instance, ensure your broker is affordable and features the right assets and tools.
We understand that the procedure for testing and comparing brokers can be lengthy and overwhelming. Therefore, we share the tables below showing our top Skrill brokers’ fees and available assets. Feel free to compare them for informed choices.
Our Opinion & Overview of the Best Skrill Trading Brokers UK
Below are the brokers we find worth trading with using Skrill as a payment method. We share our opinions and overviews based on our hands-on experience. This is so you can clearly understand their offerings and make a suitable choice for your trading or investment needs.
1. Pepperstone - Top Option For Spread Betting
Pepperstone allows deposits and withdrawals via Skrill and other payment methods like Neteller, PayPal, credit/debit cards, bank transfers, and more. We like the fact that transactions are free, and all deposits are instant. This makes it easier for you to access the featured instruments and place your trades before the market changes. The broker has no minimum deposit requirement, and we also recommend it to beginners and low-budget traders.
We explored over 2,400 instruments, namely forex, shares, commodities, ETFs, and more. Spread betting is supported on multiple third-party platforms, which host advanced resources for an exciting experience. The platforms include MT4, MT5, cTrader, and TradingView. On top of that, Pepperstone charges low spread betting fees, starting from 0.0 pips. Its support service team is also responsive and offers relevant solutions to keep you engaged for a more extended period.
1
Pepperstone Review
TradingGuides Rating:
✔ Top tier liquidity ✔ No dealing desk intervention
Supports additional payment methods for efficient transactions
No minimum deposit requirement
No inactivity fees
Cons
Limited asset offerings compared to its peers
The MT4 and MT5 platforms do not support advanced stop-loss and take-profit levels
Type
Fee
Minimum Deposit
$0
Withdrawal fee
$0
Deposit fee
$0
Inactivity fee
No
Account fee
No
1200+ instruments across FX, indices, cryptocurrencies*, equities, energy and commodities, and more, across three, free powerful platforms.
*Only Pro clients get access to cryptos.
2. eToro - Beginner-Friendly Broker That Accepts Skrill
One thing we like about eToro is its ability to prioritise beginners’ interests. We tested the broker and found it to be one of the most user-friendly with a modern design platform. Plus, the broker lists numerous learning resources, including articles, guides, videos, webinars, and more. On top of that, there is the copy and social trading platform, where newbies can connect with other traders and mirror potentially profitable traders. We encourage you to get started on eToro’s virtually funded demo account as it is risk-free, and you do not need to worry about investing real funds.
Note that eToro has a live account that requires a minimum deposit of $100 to access. The platform lists over 3,000 instruments, including stocks, commodities, ETFs, forex, and more. We like that stock trading with eToro is commission-free, and trades are executed at lightning speed. When it comes to Skrill transactions, eToro does not impose deposit fees*. However, you will incur $5 for making withdrawals. Other payment methods, like debit cards, Neteller, bank transfer, and more, are supported. From our test, we give eToro a 5-star rating.
*A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
1
eToro Review
TradingGuides Rating:
✔Copy/Social trading
✔Low minimum to fund an account and begin investing
depends on your payment method, currency, and eToro Club level.
Overnight Fee
vary according to the value and direction (BUY or SELL) of your position
Withdrawal Fee
all withdrawal requests are subject to a $5 USD fee
Inactivity Fee
monthly inactivity fee of $10 USD (charged after 12 months)
Stocks – there is a total of 800 stocks offered ranging from the biggest tech businesses in the U.S. to smaller companies from all over the world. Stock trading is always commission-free with eToro.
Cryptocurrencies – being one of the first brokers to jump on the cryptocurrency bandwagon, it comes as no surprise that eToro dominates this segment. With more than 20 coins and a number of cryptocurrency pairs, there is enough for all crypto traders.
Currency Pairs – in the early days, eToro was just another FX broker and even though they’ve developed since, the broker has stayed true to its roots. As a trader, you can choose between 49 currency pairs ranging from majors and minors to a few exotic ones.
Long-Term Investments– unlike many online brokers, eToro is also suitable for long-term investments. For example, their investment portfolios are a great way to diversify your portfolio and limit risk.
Additional assets – in addition to the above, eToro provides access to commodities, indices, and ETFs as CFDs. There is also a range of unique assets such as Crypto Portfolios that are only offered by eToro. This means that you can create a diverse portfolio with ease.
3. FP Markets - Best Copy Trading Broker That Accepts Skrill
FP Markets shines as a premier choice for traders in the UK, especially those seeking an exceptional copy trading experience. While testing it, we enjoyed a user-friendly and intuitive design platform. We also enjoyed its cutting-edge copy trading environment on the MT4 and MT5 platforms. This makes us believe that FP Markets is suitable for both newbies and professional traders. Users can get started with as little as £100, and beginners have its virtually funded demo account at their disposal.
One thing we like about FP Markets is its flexibility. You have the freedom to handpick the professional traders you wish to follow, basing your choices on their stellar performance, risk tolerance, and trading style. This flexibility extends to the broad spectrum of instruments available for copy trading, including forex, shares, commodities, cryptocurrencies, and more. And besides Skrill, the broker allows transactions using additional payment methods, including bank transfers, credit/debit cards, PayPal, and more. These and more led us to rate the broker with 4.5 stars.
1
FP Markets Review 2024
TradingGuides Rating:
✔Low trading fees ✔Accounts can be opened fast and easy
Offers over 10,000 trading instruments, including forex, shares commodities, cryptocurrencies and indices for copy trading
You get to choose the most experienced traders to copy from, thus quickly boosting your learning experience
Low minimum deposit requirement of £100 and trading fees
Automated forex trade mirroring via the Myfxbook AutoTrade platform
Cons
You can only access the copy trading feature via the MT4 and MT5 platforms
Support service can be improved (not very responsive)
Type
Fee
Minimum deposit
$100
Overnight fee
$0
Deposit fee
$0
Withdrawal fee
Depends on payment method
Inactivity fee
$0
There are plenty of trading options to choose from on FP Markets. These include 70+ currency pairs, more than 10,000 stocks on global exchanges, 5 cryptocurrency CFDs, 46 ETFs, 19 major global indices, and commodities. The commodities available include gold, silver, oil and more.
4. Plus500 - CFD Trading Broker with Low Fees
We tested Plus500 and found it a suitable choice for CFD traders looking for Skrill brokers. We like the broker’s commission-free CFD trades with low spreads from 0.0 pips. The broker is upfront with its charges, and you do not need to worry about hidden costs. Plus, it has a low minimum deposit requirement of £100, thus allowing any trader to explore the financial markets. Beginners can also take advantage of Plus500’s virtually-funded demo account to test various assets and gauge their skill levels risk free.
When it comes to CFD assets, Plus500 lists over 3,000 options, including shares, commodities, forex, indices, ETFs, and more. It also has a Plus500 Professional Trading platform for advanced traders to explore additional features, including high leverage limits of up to 1:30. From our analysis, we find this broker one of the best, especially for frequent traders. This is because it charges an inactivity fee after only three months. You need to at least log in to your account to avoid the inactivity charges. We therefore give it a 5-star rating.
1
Plus500 Review
TradingGuides Rating:
✔ Educational materials
✔ Regulated in many countries
Plus500 provides access to 2800+ CFDs across a wide range of different asset classes, including: Indices – Country and Sector, Forex, Commodities, Individual shares, ETFs, Options
Note: 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
5. XTB - Forex Broker that Accepts Skrill in the UK
Forex traders looking for the best broker that accepts Skrill should choose XTB. From our experience, the broker has a user-friendly platform with a modern design interface. We prefer it for forex traders since we discovered it charges some of the lowest trading fees. You will incur spreads from 0.1 pips, and there is no minimum deposit requirement. Moreover, XTB lists over 48 currency pairs. It also boasts of micro lot trading and free and fast Skrill transactions.
Besides currencies, XTB is a home for other asset classes, including stocks, commodities, cryptos, and more. Newbies will enjoy over 1,000 articles, quizzes, and videos, thus making them easily improve their skill levels. We also like XTB’s comprehensive trading tools, including market news, price tables, and price calendars for analysing the markets. Comparing XTB to other brokers we tested, we believe it deserves a 5-star rating.
1
XTB Review
TradingGuides Rating:
✔ Constantly improving trading platforms
✔ Wide range of global markets
Regulated by the world's most stringent authorities, including the FCA
Low forex trading fees
Fast deposits and withdrawals using Skrill
Cons
Limited asset offerings compared to its peers
Does not host third-party platforms like the MT4 and MT5
Type
Fee
Opening an account
$0
Account type: Standard: spread
0.5
Account type: Swap Free: spread
0.7
Forex
From 0.1 pips
Stock CFDs commission
0%
ETF CFDs
0%
Crypto commission
From 0.22%
Monthly Fee for maintaining an Account
Free of charge or up to 10 EUR
Withdrawal fee
$0
Deposit fee
$0
The broker boasts a wide selection of tradable assets, consisting of 1500+ instruments, including a range of global markets, such as forex, indices, commodities, ETFs, and others.
6. AvaTrade – Easy and Fast Account Opening Skrill Trading Broker
While all the brokers in our recommendations list have straightforward account opening procedures, AvaTrade stands out in this category. This is primarily because we had a seamless trading experience on both its web and mobile app platforms. AvaTrade is easy to navigate and has a low minimum deposit requirement. Moreover, Skrill deposits and withdrawals are free and you have other payment options like bank transfers and credit/debit cards to choose from.
We also like AvaTrade’s award-winning DupliTrade and ZuluTrade platforms. Through them, you can easily interact with and follow the most professional traders. Then, whenever you have limited time for research, you can mirror their positions with increased profitability. AvaTrade hosts over 1250 trading securities, including forex, shares, commodities, cryptos, and more. Plus, the broker supports the MT4 and MT5 platforms, which are known for hosting advanced resources. By being a suitable choice for any UK trader, we give AvaTrade a 5-star rating.
1
AvaTrade Review
TradingGuides Rating:
✔ One of the most popular brokers in the UK/EU
✔ Quick deposits and withdrawals
AvaTrade impresses with a robust portfolio of over 1250 assets, encompassing a wide range of trading instruments.
Forex – AvaTrade facilitates trading in a broad spectrum of currency pairs, enabling exposure to the dynamic forex market and diverse CFD options.
Stocks and Commodities – The platform offers a comprehensive selection of stocks and commodities, allowing users to invest in companies and raw materials across global markets.
Cryptocurrencies – AvaTrade supports trading in cryptocurrencies, providing access to a multitude of digital assets, including popular ones like Bitcoin, Ethereum, and more.
ETFs, Bonds, Treasuries, and Indices – AvaTrade’s offerings extend to ETFs, bonds, treasuries, and indices, offering diversification opportunities and exposure to various sectors and industries.
What is Skrill?
Skrill is an online digital wallet and money transfer service provider. It was established in the UK in 2001 as MoneyBookers but later rebranded as Skrill in 2011. However, the service provider was later acquired in 2015 by PaySafe, Neteller’s parent company, for €1.1 billion. Since then, Skrill’s popularity has been skyrocketing, especially after launching its cryptocurrency function in 2018, which allows users to buy, sell, and store various crypto tokens.
Today, Skrill is one of the most preferred payment methods, competing against powerhouses like PayPal. It is worth billions of dollars and offers numerous services, including prepaid Mastercards, virtual gift cards, VIP loyalty programmes and accounts for corporate entities.
Skrill is available in over 120 countries, thus making it flexible. It enables users to transfer funds across the globe and secure them in a digital wallet. The best element about Skrill is that you can make deposits to your account using debit/credit cards or instant bank transfers. You can also send money to individuals using just an email address. Plus, the provider supports over 40 currencies, and facilitates online payments on various platforms. These include gaming sites, trading platforms, and e-commerce websites.
Why Do Traders Choose Skrill?
Various payment options are available for making deposits and withdrawals at online brokers’ websites. However, Skrill has become one of the most preferred options for the reasons below.
Fast Transactions – Making deposits and withdrawals using Skrill is instant, allowing you to quickly access the financial market and trade. This allows you to take advantage of any potentially arising profitable opportunities.
Global Accessibility – Skrill supports over 40 currencies and international transfers. This makes it easier for traders to participate in the financial markets, whether they are in the UK or travel across borders. You can also invest in diverse markets and collaborate with international brokerage firms.
Secure Payment – Skrill is a secure payment method. It is highly encrypted and employs stringent security measures to protect transactions. This instils confidence in traders, knowing that their accounts are safe from unauthorised access and all deposits and withdrawals will be completed as expected.
Affordable – Comparing it to other payment methods like bank wire transfers, Skrill offers competitive fees for currency conversions, deposits and withdrawals. This makes it suitable for traders, especially the most active ones. You can easily conduct frequent transactions and open multiple positions without incurring high costs.
Flexible – Traders can fund their Skrill accounts using multiple payment methods, including credit/debit cards, bank transfers, and e-wallets. This allows them to choose any convenient method for funding their Skrill account.
Cryptocurrency Support – Skrill supports cryptocurrency trading. Traders can easily use it to buy, sell, and hold digital tokens. It provides a perfect avenue to explore new opportunities in the financial space.
How to Choose the Right Skrill Trading Broker in the UK
As a trader, it is crucial to choose the right Skrill trading broker with features aligning with your trading needs. Since the research procedure to identify the best can be lengthy, consider our recommendations listed above. However, should you decide to overlook our referenced options, here are some factors to consider during research.
It is always important to prioritise your safety when choosing a Skrill broker for your trades. Ensure the broker you select is highly regulated and licensed by tier-one authorities like the UK’s Financial Conduct Authority (FCA). Remember, the financial landscape hosts both legit and fraudulent brokers, and confirming this element will ensure you do not fall victim to scammers. The best element about trading with an FCA-regulated Skrill broker is that your funds are highly secured in segregated accounts. Plus, it will be easier to file claims for your money if a brokerage firm goes bust.
The best Skrill broker must also have a user-friendly and intuitive design platform. Plus, it must have a fast trade execution speed and support you with all the necessary learning and market analysis resources. Most importantly, ensure it has a trading app. This is so you can easily manage your trades whenever you are on the move. Fort beginners, confirm the availability of a demo account. This is especially if the broker has a high minimum deposit requirement and trading fees. A demo account allows you to explore and learn the financial market without risking real money. You will then transition to live trading once you are ready to invest real cash and potentially earn profits.
Besides Skrill, it is crucial to consider brokers with additional payment methods like credit/debit cards, bank transfers, and e-wallets. This way, you can continue transacting with your broker whenever you have challenges accessing your Skrill account. Having additional payment methods also allows you to try other options you might find suitable for your activities.
Choose a Skrill broker listing your preferred assets for trade. Having additional asset classes should be a plus, as this will enable you to easily diversify your portfolio. The best element about portfolio diversification is that you spread your capital across multiple assets, thus limiting the risk of losing money invested in a single asset.
Settle with a Skrill broker you can afford for an exciting trading experience. You can confirm its minimum deposit requirement, commissions/spreads, overnight charges, inactivity fee, and more. Remember, all brokers, including the ones referenced above, have varying fees. Comparing them will help you avoid incurring huge costs and digging deep into your nest egg.
The best broker accepting Skrill must have a team of professionals to ensure you get quality assistance in case you encounter any challenges. Therefore, confirm whether your broker has a responsive team with relevant solutions to raised concerns. The team’s availability should also align with your trading schedule. Remember, some brokers’ support teams are available 24/5, while others are 24/7.
To make the best decisions or choices, consider analysing user testimonials on Google Play, the App Store, and Trustpilot. User comments and ratings give you insights into brokers’ strengths and weaknesses. As a result, you get to make the best choice that guarantees an exciting experience.
Pros & Cons of Trading with Skrill Trading Broker
Skrill is a popular payment method among brokers in the UK. While it has many benefits, it also has a few pitfalls. Here are the pros and cons of trading with Skrill brokers.
Pros
Skrill transactions are fast, making it easier for traders to make deposits and explore the financial markets.
It is flexible and allows traders to fund their accounts using multiple options, including debit/credit cards and bank wire transfers.
Traders can transact using desktop and mobile devices, whether while conducting domestic or international transactions.
Skrill has a competitive fee structure compared to other payment methods like bank transfers. Most brokers allow traders to make Skrill deposits into their trading accounts at no extra charges.
The payment method is highly encrypted and secure. It has an FCA-authorisation status, which ensures the protection of UK clients.
Cons
While many brokers in the UK accept Skrill payments, a few do not. This limits the choice of brokers, especially to traders who prefer Skrill transactions.
Some brokers have withdrawal limits for Skrill, thus limiting traders looking to make huge withdrawals.
When making deposits or withdrawals using a currency other than the one supported by the payment method provider, you may incur a currency conversion fee.
FAQs
What countries can use Skrill?
Skrill is used by many brokers and traders globally, including the UK, the U.S, and Europe. It has expanded its services to more than 120 countries globally. Therefore, to confirm if you can use Skrill within your jurisdiction, simply check from its official website.
Can I buy Bitcoin with Skrill?
Yes. Skrill is a global payment service provider that allows transactions with over 40 currencies. It is one of the easiest methods that many traders use to buy Bitcoin globally.
Can I use Skrill for forex?
Yes. Skrill offers instant transactions, and using it on forex trading improves your chances of maximising your returns.
Can I use Skrill to invest in stocks?
Yes. You can use Skrill to transfer funds instantly to your trader’s account and invest in stocks.
Conclusion
Skrill is an efficient and reliable payment method for trading and investing in the financial landscape. To fully enjoy trading with Skrill, it is crucial to choose the best broker, such as the one we recommend above. Test the broker via its demo account and explore its features to ensure it aligns with your trading requirements. Plus, ensure Skrill deposits and withdrawals are efficient. If your broker charges transaction fees, it should align with your trading budget. With proper planning and strategy development, trading using Skrill brokers can be exciting, thus maximising your potential to earn profits.
How we test?
Our test process is really based on two different aspects: our independent tests and research, as well as user reviews from Google Play, the App Store, and Trustpilot, etc.
The first thing we do when testing is to check every detail and test every tool and instrument. Our experts spend more than 200 hours on every article. We pay special attention to the specific function or the criteria that we’re comparing during the comparing stage. This means that we must determine which broker is more suited for beginners, and which is better suited for experts, for example.Find out more about our test process here.
Is a regular dad trying to be smart about how we play and win in this big game of life. He has worked within the very best of the financial industry producing numerous training resources. He is an experienced copywriter with immense financial background. Now earns a full time living as a Trader, and as our writer.
His articles help everyday families build sustainable wealth, stop stressing about their financial security, and start living the life they’ve always wanted.
If he is not trading or writing, he is at the gym.
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