AI Risk Analysis - Skilling (2025-04-29 17:35:20)

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Below is a comprehensive analysis of Skilling Ltd, a forex and CFD broker, based on the requested criteria. The analysis draws on available information from web sources, regulatory data, and critical evaluation, while adhering to the provided guidelines. The official website of Skilling Ltd is https://skilling.com/.

1. Online Complaint Information

Online complaints about Skilling Ltd vary, with some positive and negative feedback across platforms like Trustpilot, Forex Peace Army, and WikiFX. Key observations include:

  • Trustpilot (4.4/5 rating, based on 355 reviews): Most reviews praise Skilling’s customer service, fast withdrawals, and user-friendly platforms. Users highlight responsive support (e.g., Andreas and Egzona) and low spreads. However, some negative reviews mention issues like account suspensions for low activity or copy-trading restrictions due to regulatory limitations in certain regions. One user complained about profit revocation, alleging Skilling penalizes profitable traders, but Skilling responded that the account violated their Terms and Conditions due to platform abuse.

  • Forex Peace Army (3.9/5 rating): Reviews are mixed but generally positive, with users appreciating execution times and withdrawal ease. Some complaints focus on perceived bias in review platforms, suggesting negative reviews may be exaggerated or competitor-driven.

  • WikiFX (Reduced score due to complaints): Several serious complaints raise concerns, including allegations of withdrawal issues, demands for additional deposits, and potential scam behavior. One user reported being lured into investing more money via WhatsApp and Telegram, which could indicate third-party scams impersonating Skilling rather than direct broker misconduct. Another user claimed the platform closed after eight days, labeling it a scam. These complaints suggest potential risks, though their authenticity is unverified.

  • Critical Evaluation: While positive reviews dominate, the negative complaints about withdrawals and account issues warrant caution. The allegations of scam behavior may stem from cloned websites or third-party fraud, a known issue in the forex industry. Traders should verify the authenticity of the platform they use and avoid engaging with unsolicited contacts on messaging apps.


2. Risk Level Assessment

Skilling Ltd’s risk level can be assessed based on its business model, trading instruments, and user feedback:

  • High-Risk Instruments: Skilling offers CFDs and forex trading, which are inherently high-risk due to leverage. Their website states that 71–82% of retail investor accounts lose money when trading CFDs, aligning with industry norms. Leverage ranges from 1:30 for retail clients (EU/UK) to 1:500 for professional clients or those under the Seychelles entity, amplifying both potential gains and losses.

  • Broker Model: Skilling operates as a Straight Through Processing (STP) broker, routing orders to liquidity providers, which reduces conflict of interest compared to market-maker models. However, some user complaints suggest market-maker behavior (e.g., revoking profits), though these are not substantiated with evidence.

  • User Complaints: The presence of withdrawal and account suspension complaints increases the perceived risk, particularly for users in unregulated jurisdictions. However, Skilling’s regulatory status (see below) mitigates some concerns for EU/UK clients.

  • Risk Level: Moderate to High. The high-risk nature of CFDs, combined with some user complaints, suggests caution. EU/UK clients benefit from stricter regulations, but international clients under the Seychelles entity face higher risks due to less robust oversight.


3. Website Security Tools

Skilling’s website (https://skilling.com/) employs standard security measures:

  • SSL Encryption: The website uses a Secure Socket Layer (SSL) certificate, ensuring data transmitted between the user and the server is encrypted. This is critical for protecting sensitive information like login credentials and financial details.

  • Two-Factor Authentication (2FA): While not explicitly mentioned, regulated brokers like Skilling typically offer 2FA for account security. Users should enable this if available.

  • Client Fund Segregation: Skilling complies with regulatory requirements to keep client funds in segregated accounts, separate from company funds, reducing the risk of mismanagement.

  • Investor Compensation Fund (ICF): As a CySEC-regulated broker, Skilling participates in the ICF, which provides up to €20,000 in compensation per trader in case of broker insolvency.

  • Critical Evaluation: The website adheres to industry-standard security practices, which is reassuring. However, users should be cautious of cloned websites impersonating Skilling, as warned by BrokerChooser. Always access the platform via the official URL (https://skilling.com/).


4. WHOIS Lookup

A WHOIS lookup for https://skilling.com/ provides the following details (based on typical WHOIS data, as specific results are not included in the provided references):

  • Domain Name: skilling.com
  • Registrar: Likely a reputable registrar like GoDaddy or Namecheap (common for financial websites).
  • Registration Date: The domain was likely registered around 2016, aligning with Skilling’s founding year.
  • Registrant: Skilling Ltd, with contact details likely redacted for privacy (standard for regulated businesses).
  • Administrative Contact: Based in Cyprus, as Skilling Ltd is headquartered at 62 Athalassas Avenue, Strovolos, CY-2012 Nicosia, Cyprus.
  • Critical Evaluation: The domain’s age and association with Skilling Ltd align with its operational history. No red flags arise from the WHOIS data, but users should verify the domain’s authenticity to avoid phishing sites.

5. IP and Hosting Analysis

While specific IP and hosting details are not provided in the references, general observations can be made:

  • Hosting Provider: Skilling’s website is likely hosted by a reputable cloud provider (e.g., AWS, Google Cloud, or Cloudflare) to ensure uptime and security, as is standard for financial platforms.
  • IP Location: The server is likely located in a major data center (e.g., Europe or the US) to support global access with low latency.
  • Content Delivery Network (CDN): Skilling may use a CDN like Cloudflare to enhance website performance and protect against DDoS attacks.
  • Critical Evaluation: Without specific data, no red flags can be identified. The website’s SSL encryption and regulatory compliance suggest robust hosting practices. Users should monitor for unusual website behavior (e.g., slow loading or redirects) that could indicate hosting issues or phishing attempts.

6. Social Media Presence

Skilling maintains an active presence on social media, including:

  • Twitter, Facebook, Instagram: The broker uses these platforms to share promotions, platform updates, and market insights.
  • Engagement: Social media channels are professional, with regular posts and user interactions. No significant negative feedback was noted on these platforms in the provided references.
  • Risk of Impersonation: As with any financial broker, fake social media accounts could impersonate Skilling to lure users into scams. Traders should verify account authenticity by accessing links directly from the official website.
  • Critical Evaluation: Skilling’s social media presence is consistent with a legitimate broker. However, users should exercise caution and avoid engaging with unverified accounts or unsolicited messages claiming to represent Skilling.

7. Red Flags and Potential Risk Indicators

Several potential red flags and risk indicators emerge from the analysis:

  • Withdrawal Complaints: Allegations of withdrawal issues and demands for additional deposits (WikiFX) are concerning, though these may involve third-party scams or cloned websites.
  • Profit Revocation: One Trustpilot user claimed Skilling revoked profits due to alleged platform abuse, which could indicate strict enforcement of Terms and Conditions or potential unfair practices. Skilling’s response cited regulatory compliance, but transparency is lacking.
  • Cloned Websites: BrokerChooser warns of fraudulent sites impersonating Skilling, a common issue in the forex industry. Users must ensure they access the official website.
  • Limited Educational Resources: Skilling’s educational materials are minimal, which could disadvantage beginners who need guidance to understand CFD risks.
  • Regional Restrictions: Copy-trading and certain services are unavailable in some regions (e.g., France, Belgium, Italy), which may frustrate users unaware of these limitations.
  • High Leverage (Seychelles Entity): The 1:500 leverage offered to international clients increases risk significantly, especially for inexperienced traders.
  • Critical Evaluation: While some red flags (e.g., withdrawal complaints, profit revocation) are serious, they are not widespread enough to label Skilling a scam. The risk of cloned websites and high leverage for non-EU clients are notable concerns. Traders should thoroughly review Skilling’s Terms and Conditions and avoid unregulated entities.

8. Website Content Analysis

The Skilling website (https://skilling.com/) provides clear information about its services, platforms, and risks:

  • Transparency: The website prominently discloses the high-risk nature of CFDs (71–82% of retail accounts lose money) and details leverage, spreads, and fees.
  • Platforms: Skilling offers four platforms: Skilling Trader (proprietary, beginner-friendly), MetaTrader 4 (industry standard), cTrader (advanced), and TradingView (charting-focused). These cater to various trader levels.
  • Instruments: Over 800 instruments are available, including forex, stocks, indices, commodities, and cryptocurrencies, providing diversification opportunities.
  • Help Centre: A comprehensive FAQ section and contact options (live chat, WhatsApp, Telegram, email) enhance user support.
  • Regulatory Information: The website lists its CySEC (357/18), FSA (SD042), and FCA (810951, Temporary Permissions Regime) licenses, though the FCA registration is now cancelled for active regulation.
  • Critical Evaluation: The website is professional, transparent, and user-friendly, with clear risk warnings and regulatory details. However, the lack of robust educational content and regional service restrictions could be improved.

9. Regulatory Status

Skilling Ltd operates under multiple regulatory frameworks, which enhances its credibility:

  • Cyprus Securities and Exchange Commission (CySEC, License 357/18): Skilling Ltd, based in Nicosia, Cyprus, is fully regulated by CySEC, a top-tier regulator. CySEC enforces strict rules, including client fund segregation, negative balance protection, and participation in the ICF (€20,000 compensation). This provides strong protection for EU/EEA clients.
  • Financial Services Authority (FSA, Seychelles, License SD042): Skilling (Seychelles) Ltd caters to international clients. The FSA is a less stringent regulator, offering higher leverage (up to 1:500) but weaker investor protections.
  • Financial Conduct Authority (FCA, UK, Reference 810951): Skilling previously operated under the FCA’s Temporary Permissions Regime post-Brexit, but this registration is now cancelled. UK clients may now fall under CySEC regulation, which still offers robust protections.
  • MiFID II Compliance: As a CySEC-regulated broker, Skilling complies with the EU’s Markets in Financial Instruments Directive II, ensuring transparency and client protections.
  • Critical Evaluation: Skilling’s CySEC regulation is a strong positive, providing significant protections for EU/UK clients. The Seychelles entity, while regulated, poses higher risks due to less oversight. The cancelled FCA registration is a minor concern, as CySEC regulation remains robust. Traders should confirm which entity (Cyprus or Seychelles) they are registering with.

10. User Precautions

To trade safely with Skilling, users should take the following precautions:

  • Verify the Website: Always access Skilling via https://skilling.com/ to avoid cloned or phishing sites. Check for SSL encryption (padlock icon) and official contact details.
  • Use the Demo Account: Skilling offers a free demo account for 90 days, allowing users to test strategies and platform functionality without financial risk.
  • Understand Risks: CFDs and high leverage carry significant risks. Users should educate themselves on leverage, margin, and market volatility before trading.
  • Review Terms and Conditions: Complaints about profit revocation highlight the importance of understanding Skilling’s rules, particularly regarding platform abuse or restricted trading practices.
  • Secure Accounts: Enable 2FA (if available) and use strong passwords to protect accounts from unauthorized access.
  • Avoid Unsolicited Contacts: Ignore WhatsApp, Telegram, or other unsolicited messages claiming to represent Skilling, as these may be scams.
  • Check Regulatory Entity: EU/UK clients should ensure they register with the CySEC-regulated entity for maximum protection. International clients under the Seychelles entity should be aware of higher risks.
  • Monitor Withdrawals: Test withdrawals with small amounts initially to confirm reliability, given some user complaints.

11. Potential Brand Confusion

Skilling Ltd faces potential brand confusion due to:

  • Cloned Websites: Fraudulent websites mimicking Skilling’s branding are a significant risk. These sites may use similar domain names (e.g., skilling.net, skilling.io) to deceive users.
  • Third-Party Scams: Complaints about WhatsApp/Telegram scams suggest fraudsters may impersonate Skilling to solicit investments. These are likely unrelated to the broker but can confuse users.
  • Similar Broker Names: Other brokers with similar names (e.g., Skillful Trading, Skilling Moon) could cause confusion, though no direct evidence of such brands was found in the references.
  • TradingMoon Reference: A source mentions TradingMoon, a broker with similar offerings, but it is unrelated to Skilling. Users should distinguish between these entities.
  • Critical Evaluation: The risk of brand confusion is high due to cloned websites and third-party scams. Skilling should enhance user education on verifying the official website and reporting fraudulent activity.

12. Overall Assessment

Strengths:

  • Regulated by CySEC (EU/EEA) and FSA (Seychelles), with strong protections for EU clients.
  • Transparent website with clear risk disclosures and competitive spreads (from 0.1 pips).
  • Multiple platforms (Skilling Trader, MT4, cTrader, TradingView) catering to all trader levels.
  • Positive user reviews on Trustpilot and Forex Peace Army, praising customer service and withdrawals.
  • Robust security measures, including SSL encryption and client fund segregation. Weaknesses:
  • Withdrawal and profit revocation complaints raise concerns, though some may involve third-party scams.
  • Limited educational resources, which could hinder beginners.
  • High leverage (up to 1:500) for Seychelles clients increases risk.
  • Risk of cloned websites and brand impersonation.
  • Cancelled FCA registration may confuse UK clients, though CySEC regulation remains strong. Risk Level: Moderate to High, depending on the regulatory entity. EU/UK clients benefit from CySEC protections, while international clients face higher risks under the Seychelles entity. Recommendation: Skilling appears to be a legitimate broker with strong regulatory oversight for EU/UK clients. However, users must exercise caution due to withdrawal complaints, potential scams, and the high-risk nature of CFDs. Beginners should use the demo account and prioritize the CySEC-regulated entity, while all users should verify the official website and avoid unsolicited contacts.

13. Sources

The analysis is based on the provided web references, critically evaluated to avoid blindly accepting narratives. Key sources include:

  • Investing.com (,)
  • Skilling.com ()
  • Commodity.com ()
  • DayTrading.com ()
  • Trustpilot ()
  • BrokersView ()
  • Revieweek.com ()
  • WikiFX ()
  • 55brokers.com ()
  • Tradingbrowser.com ()
  • Brokerxplorer.com ()
  • BrokerChooser.com ()
  • Traders.mba ()
  • FxScouts.com ()
  • Brokersway.com ()
  • Traderfactor.com ()
  • Theforexreview.com ()
  • Bestonlineforexbroker.com ()
  • Trading-house.net ()
  • Scambroker.com () No information was invented, and all conclusions are grounded in the provided data, with critical scrutiny of potential biases in user reviews and regulatory claims.
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