If you prefer to trade by making payments and send money online without compromising any of your sensitive financial information, Skrill is an ideal solution. Today, many online brokers accept Skrill as a funding method for trading accounts, giving you the ability to make instant, secure deposits and withdrawals at the touch of a button. Withdrawals can take from a couple of hours to 1-3 days depending on the broker. If you need a forex broker that accepts Skrill as a payment method, take a look at these brokers below.
About the payment system
Moneybookers (known as Skrill after rebranding) has become an important method of electronic transactions in financial markets, thereby filling the vacuum created by companies such as PayPal, Neteller, which still have geographical restrictions. Many countries are not covered by PayPal, but MoneyBookers can offer the same level of electronic payment services (if not better), where traders who want quick access to their money or want to quickly take advantage of trading opportunities using the instant recharge method now have a chance to make this. Moneybookers provides three levels of payment services, which allows traders to choose a wide range of options when replenishing their accounts or leaving them. These methods are as follows:
A) MoneyBookers digital wallet system: this is a regular electronic payment service provided by MoneyBookers system. Using this service, traders can transfer funds between their trading accounts and their MoneyBookers accounts in both directions in order to replenish their account and withdraw funds.
B) MoneyBookers system and MasterCard debit cards. These are prepaid debit cards specially under the MasterCard brands for MoneyBookers and which are issued to the account with MoneyBookers to allow them to download money from their accounts to the card. The card can be used to withdraw funds directly from an ATM, where MasterCard is accepted, and serve as a means of implementing a credit card method of deposits to brokers trading account.
C) Moneybookers provides services for processing credit cards, as well as processing about 100 other specific country-specific electronic payment services in Europe, such as iDEAL, GiroPay, etc.
Using MoneyBookers on Brokerage Platforms
If you have an account with MoneyBookers, you can use it to fund your account for trading on the market, as well as withdraw funds from it. This can happen in two ways:
1) Your broker can choose to integrate the MoneyBookers electronic payment system directly on his website, which will allow you to replenish your account and withdraw money from it directly from the broker’s website. This is a safer option.
2) You can be redirected to the MoneyBookers website with a link to the broker’s site. When you are redirected, make sure there is a green padlock next to MoneyBookers in the URL and that the line starts with “https” as the web address prefix. These two precautions will prevent the trader from cheating phishing sites.
3) Some brokers will ask you to transfer money to MoneyBookers account, from which they will transfer to your balance. This is not unusual; bank transfers are sent in the same way.