FXOpenvs
SkillingForex Broker Comparison
FXOpen and Skilling clash on cost and platform approach. The axis is raw spreads versus a proprietary platform, building anticipation for the verdict.
Our Verdict
FXOpen winsby 0.1 pts
FXOpen and Skilling are closely matched overall; Skilling's proprietary platform is the clearest differentiator.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FXOpen offers raw spreads from 0 pips while Skilling starts at 0.7 pips.
- 2FXOpen charges $3 per lot; Skilling has no per-lot commission.
- 3FXOpen holds FCA CySEC ASIC regulation; Skilling holds FCA CySEC FSCA.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FXOpen offers tighter spreads from 0.00 pips vs 0.70 pips for Skilling, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
FXOpen vs Skilling: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.1/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5▲ | 4.3 / 5 |
FXOpen vs Skilling Forex Broker Pros & Cons
Pros
FCA, CySEC, and ASIC triple regulation
$3 round-turn ECN commission, one of the lowest in retail forex
Early cTrader adopter with mature integration
MT4, MT5, and cTrader all available
Client funds held in segregated accounts
FXOpen vs Skilling: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
FXOpen
criteria wins
1
Skilling
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FXOpen | Skilling |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Fail |
| Multilingual support | Pass | Pass |
FXOpen vs Skilling: Frequently Asked Questions
The scores are close: FXOpen rates 4.2/5 and Skilling rates 4.1/5. FXOpen has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
FXOpen starts from 0 pips, tighter than Skilling's 0.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Both FXOpen and Skilling require a minimum deposit of $100 to open a live trading account.
Both FXOpen and Skilling hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
FXOpen lists maximum leverage of 500:1, while Skilling lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FXOpen charges $3 per lot on commission-based accounts. Commission details for Skilling are not currently available. Check their website for up-to-date pricing.
FXOpen supports cTrader, MetaTrader 5, MetaTrader 4, while Skilling supports cTrader, Skilling Trader, MetaTrader 4. Both provide cTrader and MetaTrader 4. FXOpen has exclusive access to MetaTrader 5. Skilling has exclusive access to Skilling Trader.
