Binary options brokers that allow transactions using Skrill

For traders looking for a secure and efficient way to deposit funds in to their trading account, those binary options brokers with Skrill provide an ideal choice. The rise of e-wallets as an online payment method for a growing number of online transactions has coincided with the huge popularity of binary options trading for both new and experienced traders. As a result an increasing number of binary options brokers now offer an e-wallet method of depositing and withdrawing from a binary options trading account.

What is Skrill?

Formally known as Moneybookers, Skrill has developed in to one of the most powerful payment methods available. The combination of high security features, seen by many as beyond that provided by direct bank transfers, as well as the speed and convenience of having access to funds from any location using an online password-protected account appeals to many traders. This popularity has resulted in an increase in the number of binary options brokers with Skrill, including some of the leading brokers such as, for example, 24option and EZtrader. These brokers allow traders to both fund and withdraw from their accounts using Skrill, directly from the online trading platform or mobile trading app.

Advantages of trading with Skrill

Here at TradingBrokerz.com we think that one of the advantages of trading with Skrill is that, out of all of the available e-wallets, it has made the largest inroads in to the binary options industry. Although PayPal are the overall dominant online payment processors, they have found it fairly difficult to dominate binary options payments due to their strict regulations which have prevented brokers using their services. Skrill, on the other hand, have been much more flexible in their approach to binary options brokers and have allowed a number of high-profile, and also smaller, brokers to transfer payments using their gateway.

For many traders the benefit of using Skrill is that it can provide two flexible methods of payment. One is using its conventional e-wallet function, which allows traders to have a readily-funded account to transfer cash, providing complete control of trading capital available to each trader as well as a highly convenient access to this. An alternative method of payment is by registering a credit or debit card allowing traders using binary options brokers with Skrill to instantly transfer cash from card to trading account. For those wanting to make physical withdrawals of cash from their Skrill accounts, they also offer a branded credit card which can be used at ATM machines worldwide as well as for direct card payments.

How do binary options brokers integrate Skrill?/h2>

Binary options brokers with Skrill offer 3 integration levels:

  • Integration directly in to the brokers website, allowing transactions to be made directly through the platform without having to leave the page.
  • Redirection to the Moneybookers/Skrill website to make the transaction. This is considered a secure option but TradingBrokerz.com advise you to make sure that there is a padlock within the URL address bar on arrival at the website. This shows that the webpage is securely encrypted and all the information passing through the gateway is secure.
  • Crediting a brokers Moneybookers/Skrill account using a credit card. This is sometimes requested by a broker who will then credit the trading account from their funded Skrill account.

What are the binary options brokers with Skrill?

All of these methods use the secure processing gateway provided by Skrill and guarantee the safe and instant transfer of funds both to and from a trading account. Here at TradingBrokerz.com, we recommend using the Skrill service as one of the most secure ways to transfer trading funds. Brokers such as Banc de Binary and Stockpair, as well as many other brokers using Skrill, provide direct access to the e-wallet function through their websites. Transfers require a trader to be redirected to the Skrill website where they will be able to log in to use funds within the e-wallet or process a direct card payment. For those transactions of below $1400, traders do not need to open a Skrill account but this can be executed instantly without registration. For those transaction of above $1400, a Skrill account will need to be opened.

The terms of use can vary between those binary options brokers with Skrill, and it is good idea to review these before signing-up if this is going to be the primary method to fund and withdraw from an account. An example of this is, for example, the terms provided by 24option who offer Skrill payments through their United States website. This, however, comes with a required minimum transaction value of $200 and for those customers using Skrill a 2% fee may apply. Additionally, some binary options brokers with Skrill may limit the number of withdrawals and charge if a certain number of monthly withdrawals is exceeded. An example of this is OptionFair which allow one free withdrawal each month but may charge up to $30 for additional withdrawals.