10 Best Skrill forex brokers (2023)

Do not invest more money than you can afford to lose.

Skrill is a popular online payment system that allows fast, safe and convenient transactions. The company behind Skrill, Paysafe Payment Solutions Limited, is based in Ireland and regulated by the Central Bank of Ireland – which means it can freely offer services in all of the European Economic Area. Skrill’s global activities are operated by the UK company Skrill Limited which is regulated by the infamous Financial Conduct Authority (FCA).

Skrill is available in 131 countries and supports payments in 40 different currencies. The only major market that Skrill does not cover is Japan. The payment system is also not available in Greenland, some parts of Africa, certain Central Asian and Middle Eastern countries, and some offshore zones.

Skrill maintains extremely high security standards and is a preferred payment method for international money transfers. The company allows you to make payments using only an email address and password which makes transactions fast and hassle-free. You can also link your e-wallet to your bank account, or purchase a Skrill card in one of four currencies – USD, EUR, GBP, and PLN.

Many forex brokers accept Skrill payments. And if your broker offers this payment solution, you can be sure that they are fairly reliable. Since 2018 every forex and CFD broker, providing services in the EU is required to provide Skrill with an official copy of their license.

Below is a list of the top 10 forex brokers that accept Skrill:

1. XM

XM is one of the biggest, most established forex brands at the moment. The broker is regulated by a number of strict regulators and offers highly competitive trading conditions. Not only will you be able to start trading with as little as $5 but you will be able to get access to some of the best platforms in the industry and to very decent spreads. The broker also offers free VPS to clients that maintain an account balance of at least $500 and many attractive promotions to traders outside of the UK, the EU, and Australia.

XM accepts payments via Skrill as well as via other electronic payment methods, multiple credit cards, bank wire transfer, and local bank transfer.

2. FBS

FBS is a global brand offering services in over 150 countries. The broker has made sure to prove its trustworthiness by securing a license in every major jurisdiction and offers a very wide range of trading instruments clients can choose from. The trading environment FBS offers is great all around – from the very low deposit amounts the broker required and the low spreads to the highly functional trading platforms. Clients of the broker’s international branch can also benefit from many attractive promotions and extremely high leverage. Additionally, the FBS is also one of the brokers that offer access to the best free educational materials and resources.

Both the EU and the international branch of the broker accept Skrill payments. For EU clients, all transaction fees are covered by the broker. International clients, on the other hand, are expected to pay a fee of $0.32 plus 1% of the transferred amount.

3. FXTM

FXTM is probably one of the best-known brokers in the industry – it has already acquired over 2 million clients worldwide and won a number of prestigious awards. The broker is headquartered in Cyprus, a main EU regulatory hub, and has offices all around the world – in the UK, South Africa, and Mauritius, as well as in Nigeria, Kenya, Malaysia, and Indonesia. FXTM offers a decent variety of account types and provides great multilingual customer support to match its wide international client base.

The payment methods clients can choose from are also extremely varied. If you would like to deposit in Skrill, you could do so in EUR, USD, GBP, PLN, and CZK. There are no deposit or withdrawal fees and deposits are usually processed almost instantly.

4. FP Markets

FP Markets was originally established in Australia in 2005 and has since become one of the most recognizable names in the industry. The broker offers transparent, comprehensive services to clients of different experience levels. Beginners could use the broker’s excellent copy trading solution to trade effortlessly while professionals could generate extra income using that same solution. More experienced traders would most definitely appreciate the offer of Iress – an advanced trading platform.

FP Markets covers all deposit fees for Skrill payments while withdrawals will be charged a 1% plus additional country-specific fees.

5. OctaFX

OctaFX is a broker most traders are probably already familiar with. This is without a doubt one of the best-known brokers in the industry and it is easy to see why so many clients have chosen to trust this specific broker. OctaFX offers a very good trading environment – safety, a decent range of trading instruments, and very low spreads. Very few brokers offer such a wide variety of trading bonuses and promotions – and those bonuses usually tend to be very imaginative and enticing.

The minimum amount you can deposit via Skrill is $50 while the minimum withdrawal amount is just $5. The broker does not charge any sort of deposit or withdrawal fees on this payment method.

6. HFM

HFM is a broker that offers stellar trading conditions – over 3500 trading instruments, a number of account types for clients with different preferences, an excellent copy trading solution, and a wide array of free educational materials. The broker also has a lot to offer to its international clients in terms of bonuses and promotions. It is no wonder that the broker has earned the trust of around 3.5 million clients.

One of the possible payment methods clients could use for deposits and withdrawals with HFM is Skrill. Both deposits and withdrawals are free of charge and are processed almost instantly.

7. TIO Markets

TIO Markets is an FCA-regulated broker that also offers services internationally. Aside from great trading platforms and attractive spreads, the broker offers excellent market analysis and educational tools.

The broker supports a number of payment methods including credit/debit card, wire transfer, crypto, and various e-wallets (including Skrill). You should keep in mind, however, that although you would be able to deposit with Skrill, you would have to use one of the other payment methods for withdrawals. The broker does not charge deposit fees for e-wallets, or for any other payment method.

8. TMGM

TMGM is another great option if you are looking for a regulated broker that offers good trading conditions. The broker is mostly directed toward clients from Australia, New Zealand, and the Pacific region and is one of the most recognizable names in those markets. This is another broker that offers Iress – which makes it a perfect offering for experienced traders. Those traders will also appreciate the possibility of high leverage in jurisdictions outside of Australia. Beginners, on the other hand, will be happy to find very low spreads and commissions, and both MetaTrader 4 and MetaTrader 5.

If you would like to deposit with Skrill, you would have to do so in USD – this is the only supported currency for this payment solution. On the other hand, there are no deposit and withdrawal fees and transactions are usually processed instantly.

9. Exness

The EU and UK branches of Exness are mostly directed towards institutional clients. The international branch of the broker, on the other hand, also accepts retail traders. The company has recently expressed a desire to start offering services to retail traders in the UK and the EU which is why Exness surely belongs on this list. The broker offers an all-around great offer – from low spreads and minimum deposit amounts to very high (even unlimited) leverage and a wide variety of instruments.

The broker itself does not charge deposit and withdrawal fees on any payment method, including Skrill, but some third-party fees may occur. Exness tried to cover some such payment fees which is why you would not have to pay extra if you want to deposit via Skrill. However, withdrawals are subject to some fees.

10. TeraFX

Last on our list is TeraFX – a UK broker that is more on the affordable side. This broker is not as popular as most other brands on this list but is still worth taking a look at. TeraFX managed to attract our attention with powerhouse platforms like MetaTrader 4 and MetaTrader 5, an abundance of educational resources, and low fees.

On top of credit/debit card, and wire transfer, clients can use a number of e-wallets to deposit. That includes Skrill. What makes the offer even better is the fact that there are absolutely no deposit or withdrawal fees.