Skilling Journal
| Journal status: live Skilling joined in | not yet |
| Update broker |
- Full listing profile: Skilling broker profile
Is Skilling safe?
- Investor protection: Cyprus Investor Compensation Fund (ICF)
- Regulation: CySEC Cyprus, FCA UK
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is Skilling trusted?
- Information transparency: high
★★★★★ - Customer service: ...
- Skilling website: highly detailed, updated
★★★★★ - Skilling popularity (by visitor count): average
★★★
How Skilling works
Throughout the year 2019, all Client orders were transmitted directly to Skilling Limited, who is the sole counterparty of its Clients.The Company collaborates with regulated third-party liquidity and price providers where it derives its prices and uses price aggregation engine to enable continue provision of reliable pricing (Bid/Ask) to Clients throughout the trading platforms.
Where the Client places an order for execution, the Company provides symmetrical or/ consistent markups to raw spreads (obtained from its Liquidity providers) to ensure its average spreads are highly competitive within the market as well as ensure Clients’ trades are executed at the best available prices.
You acknowledge that transactions in financial instruments placed with the Company are not executed on Trading Venue, rather these transactions are executed by us Over-the-Counter (OTC) through our online trading platform.
11.1. The Company applies negative balance protection (NBP) to Retail clients’ account on trading CFDs, meaning that the limit of Retail client’s liability for all CFD trading account cannot exceed the deposit.
13.1. For the purposes of orders for the financial instrument provided by the Company, the Company acts as the sole principal as well as the sole Execution Venue for the execution of the Client’s orders for the financial instruments provided by the Company.
20. Conflicts of Interests.
20.1. The Company is the counterparty to all transactions entered into under the Client Agreement and, as such, the Company’s interests may be in conflict with the Client’s. The Conflicts of Interest Policy is available at the Company’s website.
16.1.1. Should you execute trading strategies with the objective of exploiting such misquotation(s) or act in bad faith (commonly known as ‘sniping or/and ‘latency arbitrage’), we shall consider this as unacceptable behaviour.
