Summary: Skrill is one of the largest payment method and online wallet providers in the world. Unfortuanely, it does not offer any investing features on its platform, so you cannot buy stocks directly on Skrill. Not to worry, you can simply transfer funds through skrill to a secure online brokerage platform and buy shares there.
We recommend using eToro as it offers free/instant deposits for Skrill users. eToro is the largest multi-asset brokerage platform in the world and has over 20 million users globally. eToro offers investment opportunities in six asset classes including stocks, ETFs, commodities, indices, fiat currencies and even cryptocurrencies. To learn more about eToro, visit our eToro Review.
What is Skrill
Skrill is an e-commerce business that allows customers to make online payments and transfer money. Skrill is headquartered in London, United Kingdom. The payment provider has been operating since 2001 and is a subsidiary of Paysafe Group plc. The platform has over 40 million registered users, making it the 5th largest payment company globally.
It's a digital wallet that allows users to make online payments and transfer money easily and securely. Skrill Wallet is a free online account that you can use to store, send and receive money. With Skrill Wallet, you can also shop online, make online payments and transfer money to friends and family.
How to Buy Stocks & ETFs with Skrill
The best and most affordable way to invest in stocks with Skrill is through the eToro investing platform. In this method, we show investors how to buy shares with Skrill, but eToro also accepts deposits via Neteller, PayPal, Card, Bank Transfer and Rapid Transfer. Follow the below steps to get started.
- Open Account: Sign up to eToro and complete your identity verification.
- Deposit Funds: Click 'Deposit Funds', choose 'Skrill' and follow the prompts through Skrill,.
- Find Asset: Look for the asset you want to buy and select 'Trade'.
- Buy Stock: Enter the amount you want to invest and click 'Set Order'.
Is it expensive to invest in shares?
It can be expensive depending on what platform you use to buy shares on. Some exchanges like Trading 212 charge account, monthly, ticketing, brokerage and deposit fees. eToro however, offers free and instant deposits via Skrill and doesn't charge any fees to invest in stocks on the platform. eToro offers brokerage-free trading on stocks and ETFs. Visit here for eToros Fees.
Can I legally buy shares with Skrill?
Yes, it is 100% legal to invest in shares with Skrill through the eToro exchange. That is because eToro is regulated and licensed to legally operate in over 140 countries. However, not all exchanges are properly licensed in all countries, so it's important to check your platforms terms & conditions before using it.