Skrill, formerly known as Moneybookers, is a popular e-wallet founded in UK in 2001. It is a legal online payment system registered under the Financial Conduct Authority. Skrill supports over 40 currencies. Up to date, Skrill has more than 36 millions customers worldwide. Skrill allows you to send and receive payment instantly. You can fund or deposit your Skrill account through credit/debit cards or bank account.
Binary Options Brokers that Accept Skrill
TradeRush is a reputable CySEC regulated broker founded in the year of 2011. The broker offers a reliable trading platform and does not charge any commissee fee. The payout range from 81% – 599%. They also offer to refund 10% of refunds when you did not win the trade.
OptionBit is a leading binary options broker founded in 2009. OptionBit offers all the tools you need to carry out a successful trade. The trading tools are powerful enough to meet the requirements of advanced traders. They offer multilingual customer support for foreign customers. They also offer a free auto trading software.
24option is a fully regulated EU binary optins broker that offers one of the largest online trading platforms. Besides being EU regulated, it is also approved by CONSOB and FCA. 24Option trading platform accounts for one of the largest binary options trade volumes every day. Forex Magnates has awarded 24Option as the best broker numerous times. 24Option offers a demo account upon request. They also offer 100% bonus. Up to date, there is no customer that complaint about scam on 24Option.
GTOptions is a Cyprus based binary options broker that operates under FunlineTrading Ltd. They offer a versatile trading platform that features a long list of trading assets. They offer 100% bonus for new signups. The average payout is 70% – 90%. Other features of GTOptions are complete educational resouce center, daily market reviews, personal counselor and 24/7 customer support.
Cedar Finance is a binary options broker founded in Cyprus in the year of 2011. It offers an easy to use Tradologic platform. They provide lots of free educational resources for traders including daily market and market reviews. They also provide tutorials on how to perform trading analysis. They are offering 100% welcome bonus of up to $10,000.
Binary Options Brokers that Do Not Accept Skrill
Porter Finance is quickly rising to becoming a top binary options broker although it is founded only recently in 2015. Porter Finance has a headquarter in United Kingdom. They offer a a high payout range between 85% – 1500%. They offer up to 200% welcome bonus. Porter Finance allows US traders.
Option Rally is a CySEC regulated broker that offer a customized platform. They offer a reliable and secure trading platform. Option Rally has an education center that provides lots of advanced tutorials for professional traders. Besides, they also offer a 24/7 personal account manager.
ScottTrade is a trustworthy broker that has been in the industry for over 30 years. It offers a well designed trading platform that features powerful trading tools. One advantage of ScottTrade is that it charges low per trade fee. ScottTrade is ideal for options traders who are looking for cost effective brokers.
Skrill Versus Credit Cards
Skrill is a good alternative for people who are unable to register for a credit card. There are a lot of requirements for applying a credit card. With Skrill, all you need is an email address. You will need a local bank account to withdraw the funds in your account.
Skrill Versus Bank Wire
Withdrawing through bank wire usually will incure high fees. Skrill does not charge any withdrawal fee. It is completely free when you upload funds into your account. When you send payment with your Skrill account, the funds will immediately appear at the destination account. The only downside in Skrill is that there may be hidden fees when you withdraw funds in different currencies. The currency exchange rate you get when you withdraw from Skrill is slightly lower than the actual currency exchange rate.
The best alternative for Skrill is Paypal. Paypal is more secure than Skrill. Skrill has received some complaints from customers who claimed they can freeze your account at any time. Skrill’s verification procedure is a bit complicated. With Paypal, you will be charged for a very low confirmation deposit fee which will be refunded when you enter the confirmation code. Paypal does not support certain countries. If you can’t register for Paypal, your best alternative would be Skrill. Skrill supports more than 200 countries.
In conclusion, Skrill is a reliable e-wallet you can use for depositing or withdrawing funds from your trading account. Skrill only charge a low transaction fee of 1%. The transaction fee is only limited to up to $10 per transaction. The majority of the binary options brokers accept Skrill.