Eightcap Logo

Eightcap Skrill

Your expert
Bence András R.
Fact checked by
Adam N.
Updated
Jan 2024
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

Does Eightcap support Skrill as of January 2024?

Yes, you can use Skrill to fund your account at Eightcap.

Looking for the best brokers that accept Skrill? You are in the right place. Our brokerage analysts compiled a list of the best Skrill brokers in the world by checking their services and opening an account at each one of the reviewed brokers. Alternatively, for more details on all withdrawal options available at Eightcap, visit this withdrawal guide compiled by our analysts after live testing the broker's withdrawal services.

Eightcap features and service highlights

💰 Deposit fee $0
💰 Withdrawal fee $0
💳 Deposit methods Bank transfer, Credit/debit cards, Skrill, Neteller, PayPal, Wise, PayRetailers, fasapay, WorldPay, uPOP, BPay, POLi Payment
💸 Account base currency AUD, USD, EUR, GBP, NZD, CAD, SGD
💸 Minimum deposit $100
🗺️ Country of regulation Australia, UK, Cyprus, The Bahamas, St. Vincent and the Grenadines
🎮 Demo account provided Yes
📋 Read more Check out the Eightcap review for 2024
My key findings in a nutshell
Bence András
Bence András Rózsa

I've thoroughly tested Eightcap services with our analyst team by opening a real-money account and these are my most important findings:

  • Skrill offers safe and secure online payment services, operating under UK law
  • Skrill was built to work seamlessly with online brokerage accounts, such as forex trading accounts
  • It offers features to buy, sell and store cryptocurrencies
  • Money transfers are low cost, but Skrill has complex fees for other transactions
BrokerChooser score
4.2 4.2 /5
Visit broker
74-89% of retail CFD accounts lose money

How safe is Skrill?

Skrill is a web-based payment system (e-wallet), offering a range of money transfer and online payment services. It is available in 200 countries and offers a digital wallet in 40 currencies, plus a prepaid card in some regions.

It was established in 2001 and since 2015 it has been part of the Paysafe Group. It has specific features to work easily with online gaming platforms and online brokers.

Skrill is a safe and secure online payment system, regulated by the Financial Conduct Authority (FCA) in the UK.

It offers a range of safety features, including a know-your-customer identity check when signing up and two-factor authentication to access your account.

Your bank and credit card details are safely stored within your Skrill account.

How to use Skrill to fund your brokerage account?

Using Skrill to fund your brokerage account is straightforward. First, you have to open an account with Skril by entering your email address.

Then link your Skrill account with a debit/credit card or transfer money from your bank account. Once you have money in your Skrill account, you will be able to fund your brokerage account, instantly.

Go to the client area of your brokerage account, choose ‘deposit funds and select Skrill as your payment option.

Deposit interface for Eightcap clients

Is depositing instant with Skrill?

Yes. Depositing money to your brokerage account is instant, helping you react to market moves fast.

Withdrawals from your trading account to Skrill

Withdrawals from your brokerage account to your Skrill account take time. Depending on the brokerage, it is usually 24-48 hours, but in some cases it may take up to 7 days.

Pros and cons of using Skrill

As with any payment method, Skrill has a set of advantages and disadvantages.

Benefits of using Skrill

  • Opening a Skrill e-wallet is free of charge
  • Your bank account details are safe within your Skill account
  • Secure and fast money transfers to your trading account allow you to react fast to market movements
  • The Skrill mobile app, available on Android and iOS, helps you move funds on the go
  • You can buy 40 different cryptocurrencies and manage your portfolio within your Skrill account
  • Some brokers accept funding in cryptocurrencies via Skrill

Disadvantages of using Skrill for online trading

  • Depositing money into your Skrill account carries a fee, unless it’s by bank transfer
  • Skrill charges for withdrawing money into a bank account or credit card, it adds a currency conversion mark-up to wholesale exchange rates
  • Funding your Skrill account via bank transfer may take 2 to 5 days, and only then will you be able to use it to fund your brokerage account Other methods are faster, but more expensive
  • Some brokers charge a fee for withdrawals from your brokerage account to your Skrill wallet.

Does Eightcap accept Revolut/Wise?

Yes, Revolut and Wise are available at Eightcap.

Although Skrill, Revolut and Wise all offer the same services, they do it in different manners and at different costs. You may find that Revolut and Wise are cheaper alternatives, especially when it comes to international and/or multi-currency transactions.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Further reading

Author of this article

Bence András Rózsa
Bence András Rózsa

Bence is a former broker analyst for BrokerChooser. Having an MSc in international economy and finance, he focused on equities, cryptos and newcomer financial services. He also gained years of experience within the brokerage industry, specializing in stock and CFD/forex brokers, crypto providers and robo-advisors.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Visit Eightcap 74-89% of retail CFD accounts lose money

Follow us

Regional settings

×
I'd like to trade with...