Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

S2trade

Estonia|5-10 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://www.s2trade.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
Titanium-Demo MT4
Server Location Belgium

Contact

+372 6347396
support@s2trade.com
https://www.s2trade.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Warning

SG MAS
2018-04-03

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed S2trade also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

KCM Trade

7.73
Score
5-10 yearsStraight Through Processing(STP)MT4/5 full license
Official website

CPT Markets

8.20
Score
5-10 yearsRegulated in United KingdomMarket Making(MM)MT4/5 full license
Official website

MultiBank Group

8.59
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

S2trade · Company Summary

BASIC INFORMATION

Trading with S2trade is not secure. It is a trademark of GoldTech Media Services OÜ, a brokerage firm with roots in Tallinn, Estonia, which offers a variety of accounts from different levels of traders along with favorable trading terms. There is a significant vacuum in the company's offering, nevertheless, as there is no license or registration from the reputable agency that regulates the Forex market. Since there are many frauds in the sector and traders should invest prudently while selecting the safest trading circumstances, we normally advise against trading with unregulated brokers. S2 Trade is a forex broker that was established and is run by experts in the field. Their core principles include impressing their traders with their commitment, acting with fairness and integrity, being trustworthy and excellent communicators, and accepting full responsibility for their activities. They take great pride in both their education center and customer service division. In order for you to decide if they are the best broker to use, we will use this review to investigate the services provided and examine how they stack up against the competition.

LICENSES

No valid regulatory information, please be aware of the risk

BUSINESS SCALE

There are many resources accessible, and they have been divided into several groups. We have listed these groups below, along with the instruments found in each one.

Forex Majors: EURUSD, USDJPY, AUDUSD, USDCAD, NZDUSD, USDCHF, GBPUSD.

Forex Crosses: CADJPY, AUDJPY, EURGBP, EURAUD, EURJPY, EURCHF, CHFJPY, NZDJPY, GBPCHF, GBPJPY, EURCAD, GBPCAD, EURCAD, AUDCAD, AUDCHF, GBPAUD, CADCHF, NZDCHF, AUDNZD, GBPNZD, USDHKD, USDPLN, EURNZD, USDSGD, USDTRY, EURTRY, EURPLN, EURDKK, USDDKK, EURNOK, USDNOK, EURSEK, USDSEK, USDZAR, USDMXN.

Indices: Nasdaq, Dow Jones, S&P 500, CAC 40, IBEX 35, Nikkei, SMI,

Dax 30, FTSE 100.

Metals: XAGUSD, XAUUSD (Silver and Gold)

Shares: There are plenty of shares available from the USA and Europe, some of them include Cisco, Google, Coca-Cola, BMW, and FIAT.

Commodities: Cocoa, Corn, Soybean, Wheat, Coffee, and Sugar

Energy Futures: Crude Oil, Natural Gas, and Brent Crude Oil

Cryptos: ETHUSD (Ethereum), BTCUSD (Bitcoin), XRPUSD (Ripple), and LTCUSD (Litecoin)

SPREAD

When using the commission-based system we previously examined, the Standard account has spreads starting at 0.2 pips while the Premium and VIP accounts have spreads starting at roughly 0.1 pips. The accounts can use either a spread-based system or a commission-based one. The Standard account has spreads starting at 2.5 pips, the Premium account at 2.1 pips, and the VIP account at 1.5 pips when using the spread-based strategy.

Since the spreads are erratic, they will fluctuate with the market; the more the turbulence, the bigger the spreads will be. When looking at the Standard account, different instruments will also have different average spreads; for example, the spread for the USDJPY is 1.6 pips on average, while the spread for the GBPUSD is 4 pips.

S2TRADE BONUS

This broker advertises a 30% Bonus on its home page, but other than a brief statement in their terms and conditions that reads, “For a bonus of $1.000, the minimum lots required are 200,” the website provides no other information. A regular lot costs $100,000, thus using basic algebra we can calculate the required turnover as 100,000 x 200 = 20,000,000. Good luck with that trade!

MINIMUM DEPOSITS

The Standard account can be accessed with a minimum deposit of $500; the Premium account requires a minimum deposit of $5,000; and the VIP account requires a minimum commitment of $50,000. Once an account has been setup, the minimum deposit amount for subsequent top-up deposits drops to $250.

DEPOSITS METHOD AND COST

You can deposit using one of five different methods: Visa/MasterCard, Bank Wire Transfer, Skrill, Neteller, and WebMoney. S2 Trade does not charge any additional costs, however if you use a credit or debit card to deposit, make sure you use the same currency or you will have to pay an exchange fee. You should also check with your bank or processor to see if they impose any fees for outgoing transfers.

Withdrawal Methods & Costs

In our opinion, the same five withdrawal options are still available: Visa/MasterCard, Bank Wire Transfer, Skrill, Neteller, and WebMoney. Although there is no mention of any costs on the information page for withdrawals, you should always check with your bank or credit card company to see if they will tack on any additional incoming processing fees.

Withdrawal Processing & Wait Time

According to the website, any withdrawal requests from S2 Trade will be processed within 3 to 5 business days; this is the entire amount of time needed to process the withdrawal. Based on the processing times at your individual bank, the period may change.

CUSTOMER SERVICES

The primary phone line is open from 08:00 to 22:00 GMT+2 from Sunday through Friday, although the main support crew is available around-the-clock, five days a week. You can contact us by using the online submission form, and you should receive a response by email. Additionally, you can contact us via phone, email, or postal mail.

s2trade.com/support Email +3726347396 Phone

Broker Information

Company Name

GoldTech Media Services OÜ

Company Abbreviation

S2trade

Regulatory Status

No Regulation

Platform registered country and region

Estonia

Company website
Phone of the company
  • +372 6347396

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address

--

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • support@s2trade.com

Company Summary

User comment

0

Comments

Write a review

No comment yet

start to write first comment

TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com