Skilling is a CFD broker run from Nicosia by Skilling Limited, a Cyprus investment firm licensed by CySEC since 2018, which serves clients in the European Economic Area. Skilling’s former international site now redirects to TradingMoon, a separately branded broker licensed in the Seychelles, which is not covered by this profile.
Research-based assessment This profile has not completed TTI’s on-site verification and 30-day platform review. How TTI verification works
| Regulator | Licence | Legal entity | Register status | Source |
|---|---|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | 357/18 | Skilling Limited | Authorised Checked 7 Oct 2026 | Register entry for Skilling Limited (opens in a new tab) 2 |
Each licence was matched on the regulator’s own register on the date shown. Unverified claims are listed under Regulation and legal entities.
Skilling Limited’s CySEC licence matches the regulator’s register, and it is the only company Skilling’s website names. Skilling’s website, document host and help centre answer automated requests with a browser check, so this review rests on registers and on Internet Archive copies of Skilling’s pages captured between October 2025 and October 2026. These show segregated client money, negative balance protection, membership of the Cyprus Investor Compensation Fund, published leverage limits and charges, and a current risk warning saying 49% of retail accounts lose money. We could not read current copies of its client agreement, execution policy or withdrawal terms. We found no regulatory warnings or enforcement actions. Skilling does not say who owns it: press reports say a group led by Marc Joppeck, which also owns INFINOX, agreed in October 2025 to buy it, subject to regulatory approval, after years under the control of André Lavold; we found no official record of either. Its former international site now redirects to TradingMoon, a separately branded broker in the Seychelles. Its home page calls Skilling a multiple award-winning broker without naming the awards.
Skilling Limited, the only company Skilling’s website names, appears on CySEC’s register under licence 357/18 with the same name, number and address.
The CySEC licence Skilling cites matches the register, and BaFin lists its cross-border notification for Germany.
Every page’s footer says skilling.com is operated by Skilling Limited and gives its registration number, address and CySEC licence.
Skilling says all client funds are fully segregated from the company’s own funds and kept in separate accounts at major European banks.
CySEC authorises Skilling Limited to deal on own account, execute orders and hold client assets for CFDs, which is what it offers.
Not met Skilling’s legal documents page includes no complaint statistics, and it has no UK or Australian company, so no regulator or ombudsman publishes figures for it.
Not met Skilling says client money is held at major European banks but does not name them on the pages we could read.
Partly met Skilling lists a complaint handling policy among its legal documents and gives phone, live chat and email contacts with email replies within 24 hours, but no copy of the policy captured in the last 12 months exists in the archive, so we could not check its response times.
Partly met Skilling publishes minimum spreads, commissions per million traded, swap formulas with their mark-ups, crypto taker fees and the administrative fee on unleveraged crypto positions, but we found no currency conversion charge, inactivity fee or withdrawal charge on the pages we could read, and the Premium commission is given as USD 35 and USD 40 per million on different pages.
Partly met Skilling names the company that operates its website and describes a Skilling Group with offices in Cyprus, Malta and Spain, but does not say how the group is owned or organised, and does not explain why its former international site now sends visitors to TradingMoon, run by TM Trading Limited, whose entry on the Seychelles register gives a contact address at skilling.com.
Each dimension is scored from its criteria, then weighted. Dimensions without enough evidence are left out and the remaining weights are rescaled. Open a dimension to see every criterion, our rationale and the sources.
Whether the firm’s licences exist, are current and cover what it offers.
Criteria and their weighting are explained in the methodology.
Whether you can find out who owns and runs the firm.
Ultimate ownership can be identified 678
Skilling does not name its owners, the free Cyprus registry search does not show shareholders, and GLEIF reports no consolidating parent. Press reports say a group led by Marc Joppeck, which also owns INFINOX, agreed in October 2025 to buy Skilling, subject to regulatory approval, and that André Lavold had controlled it until then; we found no official record of either.
Group structure is explained 1910111213
Skilling names the company that operates its website and describes a Skilling Group with offices in Cyprus, Malta and Spain, but does not say how the group is owned or organised, and does not explain why its former international site now sends visitors to TradingMoon, run by TM Trading Limited, whose entry on the Seychelles register gives a contact address at skilling.com.
Financial statements are available 14
Skilling’s legal documents page publishes annual Pillar III prudential disclosures for Skilling Ltd, the latest listed for 2024. No copy of the 2024 report captured in the last 12 months exists in the archive, so we did not review its figures.
Criteria and their weighting are explained in the methodology.
What protects client money if something goes wrong.
Client money segregation is disclosed 4
Skilling says all client funds are fully segregated from the company’s own funds and kept in separate accounts at major European banks.
Retail clients have negative balance protection 15
Skilling’s account types page lists negative balance protection on all its account types.
Banking and custody arrangements are disclosed 4
Skilling says client money is held at major European banks but does not name them on the pages we could read.
Withdrawal terms are disclosed 14
Skilling lists a deposit and withdrawal policy and a payment method guide among its legal documents, but its document host refuses our requests and no copy captured in the last 12 months exists in the archive.
Criteria and their weighting are explained in the methodology.
Regulator warnings, enforcement actions and final legal findings on record.
Starts at 100 and loses points for each substantiated adverse finding by severity and age. Allegations, complaints and clone warnings never count. Total deducted: 0 points.
Warning lists and enforcement records have been searched 23
We searched CySEC’s board decisions, the FCA’s warnings, BaFin’s database, the CVM’s declaratory acts, KNF’s lists and the Indian, Malaysian and Japanese alert lists, and ran web searches for other European regulators’ warnings. We found none naming Skilling.
No published findings were on record at the review date.
Criteria and their weighting are explained in the methodology.
How the firm handles complaints, and what independent records show.
A complaints procedure is published 914
Skilling lists a complaint handling policy among its legal documents and gives phone, live chat and email contacts with email replies within 24 hours, but no copy of the policy captured in the last 12 months exists in the archive, so we could not check its response times.
Independent complaint outcomes show no adverse pattern
We found no published ombudsman or dispute-body decisions about Skilling Limited.
Complaint data is disclosed 14
Skilling’s legal documents page includes no complaint statistics, and it has no UK or Australian company, so no regulator or ombudsman publishes figures for it.
Criteria and their weighting are explained in the methodology.
Whether costs, execution and risks are disclosed before you sign up.
Costs are disclosed before account opening 151819
Skilling publishes minimum spreads, commissions per million traded, swap formulas with their mark-ups, crypto taker fees and the administrative fee on unleveraged crypto positions, but we found no currency conversion charge, inactivity fee or withdrawal charge on the pages we could read, and the Premium commission is given as USD 35 and USD 40 per million on different pages.
The client agreement is available before sign-up 14
Skilling’s legal documents page links its 2025 client agreement for download without an account; its document host refuses our requests, so we could not read the agreement itself.
Leverage and margin terms are disclosed 15
Skilling gives maximum leverage of 1:30 for retail clients and 1:200 for professional clients, 1:2 on crypto, and a 50% stop-out level on all account types.
Criteria and their weighting are explained in the methodology.
Whether public claims hold up and the firm communicates openly.
Material changes are communicated
We could not read Skilling’s client agreement to see how it gives notice of changes, and we found no notice to clients about its former international site moving to TradingMoon or the reported sale of the business.
Criteria and their weighting are explained in the methodology.
What our visit confirmed in person: a real, staffed office of the assessed entity, not a ghost address.
We have not checked this firm’s office in person, so this dimension scores zero. We check offices through our on-site verification programme.
Real office at the stated address, not a ghost address
Office of the assessed entity
Staffed and operating
Criteria and their weighting are explained in the methodology.
What our on-site checks and 30-day platform testing found.
We have not completed an on-site assessment of this firm, so this dimension does not count and its weight is shared among the others.
Company identity
Regulatory claims
Office visit
Account opening
Platform usability
Costs and disclosures
Customer support
Deposits and withdrawals
Trading functions
Complaints process
Criteria and their weighting are explained in the methodology.
A brand can trade through several companies, each licensed in a different place with different protections. Check which entity your account would be with.
Cyprus Securities and Exchange Commission (CySEC) · Reference 357/18 2
Reception and transmission of orders, execution of orders, dealing on own account and portfolio management in contracts for difference; safekeeping, credit and investment research as ancillary services; cross-border services to all EEA states
Licence granted on 7 May 2018.
Warnings, enforcement actions, legal findings, allegations and complaint records are labelled separately. What each label means.
We have not recorded any warnings, enforcement actions, legal findings, allegations or complaint records for this firm. That means none are on our record; it does not mean none exist.
Firms can respond to their profile and to any finding. No response has been published for Skilling. How firms can respond.
| Review date | Result | Methodology | Status |
|---|---|---|---|
| 7 Oct 2026 | Trust score 88 out of 100 Strong | 1.2 | Current |
No corrections have been made to this profile.
An Internet Archive copy taken on 13 August 2026; skilling.com answers automated requests with a browser check. The footer says skilling.com is operated by Skilling Limited (registration HE373524, 62 Athalassas Avenue, 2nd Floor, 2012 Strovolos, Nicosia), authorised by CySEC under licence 357/18, warns that 49% of retail investor accounts lose money when trading CFDs with this provider, and says its services are not for residents of Belgium, Australia, the United States, the United Kingdom, North Korea or other jurisdictions where they are prohibited. The home page calls Skilling “a multiple award-winning broker” with “award-winning platforms”, “industry-best pricing” and “industry leading trading conditions”, without naming awards or sources, and shows a Trustpilot rating of 4.0 out of 5.
Licence 357/18 granted on 7 May 2018, company registration 373524, previous name Finovel Cyprus Ltd, address 62 Athalassas Avenue, 2nd Floor, 2012 Strovolos, Nicosia, approved domain www.skilling.com. Authorised for reception and transmission of orders, execution of orders, dealing on own account and portfolio management in contracts for difference (financial instrument 9), with safekeeping, credit and investment research as ancillary services, and passported to all EEA states. No suspension or restriction is shown.
On 7 October 2026 we searched CySEC’s 1,173 board decisions (2014 to 2 October 2026), the FCA’s warnings, BaFin’s company database, the CVM’s declaratory acts, KNF’s lists, the Reserve Bank of India, Securities Commission Malaysia and Bank Negara Malaysia alert lists and the Japan FSA’s list of warned unregistered firms (25 September 2026) for Skilling, Skilling Ltd and its former name Finovel Cyprus, and ran web searches for warnings by other European regulators. We found no warning or enforcement action.
An Internet Archive copy taken on 2 October 2026. Says all client funds are fully segregated from the company’s own funds and kept in separate bank accounts in major European banks, which are not named; that clients of Skilling Ltd are protected by the Investor Compensation Fund for customers of Cypriot investment firms; and that orders are routed automatically to its liquidity providers with no dealing desk intervention. The risk warning gives 49%.
Lists Skilling Limited, 62 Athalassis Avenue, Flat 22, 2nd Floor, Strovolos, as a cross-border investment services provider for CFDs, notified on 7 June 2018 with the last change notified on 15 July 2020; BaFin does not supervise it.
The Cyprus companies registry lists SKILLING LIMITED as the current name of registered company HE 373524, previously Finovel Cyprus Ltd. The free search does not show officers or shareholders.
Records Skilling Limited (Cyprus, HE 373524, LEI 549300E0FB8IPAUXWV89, formerly Finovel Cyprus Ltd) at Athalassas 62, Floor 2, Office 22, Strovolos, and reports that no parent consolidates it. A lapsed record shows a Skilling Group Limited in Malta (C 61977, formerly FX International Ltd); we found no record linking it to the Cyprus company.
Reports that an investor group led by Marc Joppeck, which also owns the INFINOX brand, had agreed to buy Skilling, subject to final regulatory approval; that Skilling had until then been controlled by André Lavold; that the brand operated under the CySEC licence and offshore through Skilling Seychelles Ltd; and that George Kyriakoudes is chief executive.
An Internet Archive copy taken on 15 October 2025. Gives phone (+357 22 276710), live chat and email support on weekdays from 06:00 to 22:00 CET, with email replies within 24 hours, and lists Skilling Group offices at 62 Athalassas Avenue, 2nd Floor, Strovolos, Nicosia, in Marbella, Spain, and in St Julian’s, Malta.
An Internet Archive copy taken on 16 October 2025. Describes the Skilling Group as a team of more than 70 people working from offices in Cyprus, Malta and Spain, and names its management, including chief executive George Kyriakoudes, chief technology officer Nikolay Nikolaev, head of trading Lennart F Clausen and commercial director Christos Yerasimou.
Internet Archive captures taken on 7 December 2025 and 3 September 2026 show Skilling’s former international site redirecting permanently to tradingmoon.com/row/en/, with a parameter marking visitors sent from Skilling. Captures of skilling.com itself redirect to the EU site.
Says TradingMoon is the trading name of TM Trading Limited, authorised by the FSA Seychelles under licence SD042, with its registered address at F2-2A, Oceanic House, Providence Estate, Victoria, Mahe. TradingMoon is a separate brand and is not covered by this profile.
Lists no Skilling company. It lists TM Trading Limited, trade name TradingMoon, at Office C4-R3, Xvision House, Providence Estate, Mahe, with a contact email at skilling.com, and Lennart Fernando Clausen as a securities dealer representative accredited with it.
An Internet Archive copy taken on 18 October 2025. Links, for Skilling Ltd and without an account, a payment method guide, a deposit and withdrawal policy, an investor compensation policy, a best execution policy, a “Client Agreement 2025”, client categorisation, complaint handling, conflicts of interest, leverage and risk disclosure documents, and Pillar III disclosures for 2018 to 2024. No complaint statistics are listed. The footer then warned that 56% of retail investor accounts lose money.
An Internet Archive copy taken on 13 October 2025. All account types (Standard, Premium and MT4) have negative balance protection and a 50% stop-out level, with leverage of 1:30 for retail clients, 1:200 for professional clients and 1:2 on crypto; spreads start from 0.8 pips (Standard) or 0.1 pips (Premium), and the Premium commission is given as USD 35 per million in the text and USD 40 per million in the table.
Covered clients of a member Cyprus investment firm that cannot meet its obligations can claim the lower of 90% of their covered claims and EUR 20,000.
Says the Financial Ombudsman handles complaints from consumers against financial companies, including investment companies.
An Internet Archive copy taken on 16 October 2025. Commission applies to forex and spot metals on the Premium account from USD 35 per million traded, and to crypto trades from 0.05% per side; swaps follow published formulas with mark-ups, for example 3.5% on buys and 3% on sells for index CFDs and 4% and 3% for share CFDs, lower on Premium; positions on the unleveraged crypto account pay an administrative fee of 0.9% every 30 days.
An Internet Archive copy taken on 16 October 2025. Gives minimum spreads and commissions per million traded by instrument, and claims industry-leading pricing, no hidden fees and conditions that do not waver with the markets.
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