Stock trading is arguably one of the most popular and effective ways to make money online, with many different payment options available。Each broker offers different deposit and withdrawal systems for clients.。

All payment methods have their advantages and disadvantages, especially in terms of fees, processing time and restrictions。In this case, Skrill is one of the best payment methods for buying shares, as it is one of the world's leading online payment services.。

Founded in 2001 as Moneybookers, Skrill is a British online payment services company similar to PayPal.。The company offers a variety of services including payment options, digital wallets and, most importantly, smooth online transfers.。Not only that, Skrill also supports MasterCard prepaid cards。

Today, Skrill's services are available in most countries of the world, with more than 20 million users worldwide.。Not only that, Skrill is currently owned by Paysafe Group, which is also the parent company of Neteller, one of Skrill's biggest competitors.。

Is Skrill safe?？

Yes, Skrill is as secure as PayPal and credit cards。Skrill is regulated by the FCA and registered as a money services business, authorized and audited by the UK government, and is undoubtedly a legitimate and reliable money transfer operator.。

As we all know, the FCA is one of the world's top regulators and being regulated by the FCA means Skrill is only allowed to work with other trusted companies and strictly adheres to guidelines on money laundering.。Skrill will lose licenses and customers if involved in scams。

Pros and cons of using Skrill

Advantages:

• Support for multiple countries and multinational currencies。Regulated by the FCA and only works with other licensed security companies。Easy to use: Skrill is completely online-based, with optimized integration with other services and smooth operation。Transactions are completed almost instantly, while credit cards take at least 24 hours and bank transfers can take several business days.。

Disadvantages:

• Skrill is not universally accepted and there are still many brokers who do not support Skrill。

How to use Skrill to buy shares

If you want to buy shares with Skrill, you must know that you cannot buy directly from the exchange。Instead, you have to use a broker that supports Skrill and buy from there。

The first thing you must do is sign up for Skrill。Just enter your private email address and confirm your identity with your ID (passport or driver's license) photo, or with a utility card。After the account is registered and approved by Skrill, you can start using the account.。

After opening an account with Skrill, you should also register with the broker and activate the account。Each broker may have different requirements, so please be aware of the terms and conditions。

When used, you simply transfer money from your Skrill account to your trading account and you can start buying stocks and other assets。The steps are as follows:

1. Open a Skrill account and deposit funds。Choose a stock exchange broker and make sure it supports Skrill。Opening a trading account with the above broker。Use Skrill to inject capital into your trading account and then start buying shares。

List of top brokers supporting Skrill

As mentioned earlier, Skrill is quite picky when it comes to collaboration。However, Skrill has become one of the most popular payment methods at the moment, with many top brokers backing Skrill.。Here is a list of top stock trading brokers that support Skrill:

1. eToro

eToro is currently one of the world's largest brokers supporting Skrill。Founded in 2007, the company is regulated by top regulators such as FCA, MiFID, ASIC and CySEC.。In addition to offering zero-commission stock trading, eToro also offers unique features such as documentary trading on its trading platform.。

This feature is very popular among beginners and professional traders as it allows you to follow other traders, benefit from their analytical work without having to analyze it yourself。Not only save cost and time, but also increase your potential profit。In fact, eToro has the largest number of successful traders compared to other brokers with documentary trading platforms。

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Founded in early 2007, eToro's mission is to make transactions available to anyone, anywhere, and to reduce reliance on traditional financial institutions.。The company has headquarters in the UK, Cyprus, USA and Australia。

eToro (Europe) Limited is a financial services company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number # 109 / 10.。Meanwhile, eToro (UK) Limited is regulated and regulated by the Financial Conduct Authority (FCA) under license number FRN 583263.。

As for eToro AUS Capital Pty Ltd, its legal status is recognised by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services Licence 491139.。

As a 4-figure broker, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative CopyPortfoliosTM, a fully managed thematic portfolio.。

Since 2007, eToro has been at the forefront of the fintech revolution.。The latest is CopyPortfolio, which was launched in 2017 and is powered by machine learning Al。In addition to developing CopyPortfolio, the company also integrated Microsoft's machine learning technology into Momentum DD.。

The new CopyPortfolio investment strategy uses artificial intelligence to find the most stable traders who are most likely to earn double-digit returns and bundles traders into a fully managed portfolio.。eToro has hundreds of financial assets available for trading, including stocks, commodities, crypto assets, currencies, indices and ETFs。Each asset class has its own characteristics and can be traded using multiple investment strategies。

Certain positions on eToro involve ownership of underlying assets, such as non-leveraged positions in equities and crypto assets。Using contracts for difference (CFD) will make various options possible, such as leveraged trading, short (sell) positions, fractional ownership, etc.。For example, a trader can invest in gold at a minimum amount of $100, even if the price of a single unit of gold is $1,000.。eToro's most popular CFD commodities include gold, oil, gas, silver and platinum。

Currency can only be traded as CFD on eToro。In addition, CFD allows for short selling (short) positions and leveraged trading, even for assets that do not offer this option in traditional trading.。Some popular currency pairs include EUR / USD, GBP / USD, AUD / USD, USD / JPY, and USD / CAD。

In addition, an exchange-traded fund (ETF) is a financial instrument consisting of several assets and is used as a tradable fund.。After opening an eToro account, traders can invest at least $250 in an ETF that sells for $500.。Some popular ETFs on eToro include SPY, VXXB, TLT and HMMJ。

However, eToro also offers other features through the use of CFD trading。All leveraged ETF positions in the UK are regulated by the FCA。Meanwhile, all CFD positions executed by eToro Australia are regulated by ASIC.。

The company also has other advantages。Of all tradable financial assets, eToro does not charge any deposit or transaction fees other than spreads。

eToro charges $25 for withdrawals, with a minimum withdrawal amount of $50。Non-leveraged long positions held in cryptocurrencies, stocks and ETFs are not executed as CFD and are not charged。eToro charges overnight or weekend fees for CFD positions, such as leveraged positions and short (sell) orders。

Update of fees always applies to open positions。Fees are subject to change at any time and may change on a daily basis based on market conditions without prior notice。

As a beginner, traders can use eToro's copy trading feature。Unlike the features of other brokers, traders can copy the strategies of professional traders for free without splitting into profits。As a result, 100% of the profit goes entirely to the trader.。For example, when Trader A, copied by Trader B, generates 10% profit this month, Trader B also earns 10% profit。

The company is the world's leading social trading network.。Since eToro operates in complete transparency, each trader has valuable information in their eToro profile, so it is helpful for other traders interested in copying their trades when creating their best portfolio。

Another unique feature of eToro is personalized social news subscriptions。Just like on any social media, traders can post their own updates in a subscription, comment on other people's posts, and gradually create a subscription that suits a trader's trading and investing interests.。On the eToro social trading platform, traders will also be notified when there are new posts and other important updates from traders。

2. Plus500

Plus500, which is based in Israel and is authorised by the UK FCA and CySEC in Cyprus, is also listed on the London Stock Exchange.。Over the years, Plus500 has won numerous awards as the best trading platform, offering a large selection of stocks from around the world.。

The broker is available in most parts of the world, including Europe, Asia and Australia。Plus500 has lower fees compared to other brokers。In addition, the company offers excellent trading platforms for PCs and smartphones.。You can also try a demo account before deciding to trade with your funds。

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Plus500 is a UK-based company with its main offices in the City of London, which is authorised and regulated by the FCA.。For traders who are looking for a broker with a top regulator, Plus500 is the right choice。

Plus500 offers 2,000 instruments to more than 1 million customers。The list of instruments that can be traded through its CFD service includes forex currency pairs, indices, cryptocurrencies, commodities, stocks and ETFs。Traders can choose the right tool for their needs。

In any case, beginners should be extremely cautious when choosing an asset, as it can be confusing and inherently risky。

When a trader opens an account, Plus500 will hold the trader's funds in isolation in accordance with the FCA's client funds rules。Traders need not worry about Plus500 using their funds for hedging, as the broker strictly prohibits the use of client funds for this purpose。

Other advantages of trading at Plus500 are small spreads and no commissions. The company only offers a single type of account, but traders can update their accounts from retail to professional according to some criteria。

To apply for a professional account, traders must meet at least 2 of the following 3 criteria, such as sufficient trading activity in the past 12 months, a portfolio of financial instruments of more than 500,000 euros, and relevant experience in the financial services field。

Plus500 is widely acclaimed for its services with market spreads, retail account leverage of up to 1: 30, and professional account leverage of up to 1: 300。Plus500 tries to give reasonable leverage options, not only to control risk, but also to help novice traders better control their trading emotions。

Founded in 2008, Plus500 provides almost the same features for retail and professional accounts, including customer fund protection, negative balance protection, best order execution, clear and transparent information, and financial services compensation plans。A professional account is more advanced, though, because FOS can be accessed。

According to statistics, 76 of Plus500's retail account owners.4% Losses on CFDs。Therefore, Plus500 always warns traders to consider their understanding of how CFDs work and their tolerance for taking on high loss risks before starting live account trading.。

Even so, Plus500 has earned the trust of traders around the world, opening some 39 million positions, having 304,000 active clients and processing billions of dollars in trading volume through its system.。

Plus500 always strives to provide the best service to its customers. One of the ways to achieve its goals is to give customers confidence in their trading activities。They have an easy-to-use trading platform and a specially designed mobile platform。Traders can access the Plus500 platform through web traders, iPhone / iPad and mobile apps。

On their platform, traders will have access to advanced tools such as stop loss limit, guaranteed stop loss, free email and market event push notifications, and price movement alerts, all of which can help traders better understand the market。

As for payment methods, Plus500 offers a variety of options such as Visa or MasterCard, e-wallets (PayPal and Skrill) and bank transfers (direct transfers between banks).。

If there are any concerns, hassles or trading issues, traders can contact Plus500's customer service, which is available 24 hours a day, 7 days a week。Plus500's official website can be accessed in 24 languages。

Overall, Plus500 has some advantages and disadvantages。Because it has a license from an elite regulator, traders can feel safe when trading at Plus500; it also provides a 24 / 7 support team to help traders。However, providing leverage up to 1: 300 is not suitable for high-risk traders, such as scalpers, who trade very frequently and hold short-term positions in the market, usually using high leverage。

3. IQ Option

IQ Option is a European and global CFD broker with over 6 million active users from more than 30 countries worldwide, regulated by CySEC.。IQ Option is particularly popular with traders for its incredible products。You can choose from a variety of tradable assets, including stocks, forex and cryptocurrency CFDs。

In addition, IQ Option simplifies and innovates the trading process, which is attractive to many traders.。Even so, the company is constantly working to add more features to its mature product selection。IQ Option has supported Skrill and several other payment methods for years。

4. 101investing

101investing is a CySEC-regulated broker that offers more than 250 CFDs through the MT4 trading platform. With a friendly user interface and customizable profiles, it can improve your trading experience and allow you to get on any device. More efficient and promising market performance。

The broker has a variety of features to choose from, suitable for novice and advanced traders。As for transaction fees, 101investing does not charge commissions and deposit fees, but will charge some other fees, and the minimum deposit amount should be at least $250 or the equivalent currency.。

5. LongHorn

LongHorn is a well-known ECN, STP broker with a reputation for providing excellent service to traders of all levels of expertise。The broker claims that they always put transparency, innovation and efficiency of their services first。

With a minimum deposit of just $10, LongHorn is a good choice for traders who want to start small.。In addition, the broker offers a fully functional demo account that can be used to test your strategy as well as the trial platform itself。

Conclusion

Choosing to use Skrill certainly has many benefits, the most obvious is fast execution and security。The process of buying stocks with Skrill is also simple, even for beginners。

When choosing a broker, pay attention to important things like fees, customer support, security, and speed。Before opening a real trading account, be sure to try out a demo account to understand the platform and its features before taking your own money to risk it。