Website URL: https://www.s2trade.com/
Languages: English, Russian, German, Italian, Spanish, Arabic
Deposit Methods: Credit and debit cards, bank wire transfer, e-wallets
Minimum Deposit: $500
Free Demo Account: no
Types of Assets: stocks, Forex, indices, commodities
S2trade does not have any known regulation or a licence. It is operating in Tallin, Estonia, which is a well-known off-shore area for the illegal brokers in the trading industry. Not only that – the company was accused of shady activities and fraud many times during the past 3 years of existence. The main flaw in this plan falls down as a burden on the shoulders of us as clients. Mainly, since there is no regulation, there is also no regulatory body that would make sure that the brand follows the industry rules.
With that, you are basically left to fight or flight if you happen to experience an obstacle or an issue. An unregulated company such as S2trade can’t be fined or otherwise made to comply with the industry demands. Therefore, you are probably going to pick up the pieces and most likely never receive your money at all.
The S2trade platform is MT4 which is great, and there is also the web-based option that looks a bit different than you would’ve expected. Still, considering that the company does not own a licence, it is a stretch to think that the platform is compliant with the industry demands. The platform provides quite a satisfying variety of assets, which include indices, stocks, cryptocurrencies and of course, Forex. There are also some particular assets that are exotic since not a lot of platforms give you the chance to trade them.
Still, no matter how satisfying the platform may seem at first, there are a lot of downsides to it. Many clients have issued complaints over the years about automated software. Namely, they are claiming that this option is stealing their funds and making it impossible to trade fairly or gain any type of profits. This takes away the whole point of automated software and paints the entire brand very badly.
S2trade platform gives you a chance to trade through 3 different account types. Each comes with different perks and advantages, though some conditions remain the same. For example, no matter which trading account is your best fit, the leverage will stay the same at 1:200, and the access to the tradeable assets is equal as well.
On the other hand, there are some things that change as you progress deeper through the platform. They include the commissions, which can vary from $8 per 100K on a standard account to $2 for the VIP account. No matter which one you choose, you will have a connection to your personal account manager to guide you through your trading experience, as well as enjoy the many educational tools and trading signals.
The educational tools by the S2trade are within the section named “Research and Education”. When you click on it, you will be offered 3 additional tabs which include the latest market news and analysis, video tutorials and the economic calendar. As you scroll through you will learn that this part is regularly updated and quite informative, which is important for your trading experience. There are also different types of educational levels which you will notice as you dig deeper, which is important for trades with different amount of knowledge.
Deposits and Withdrawals
There are several types of payment methods which you can choose to make a deposit or a withdrawal from your account. They include credit and debit cards, bank wire transfers and some e-wallets such as WebMoney and Skrill. The options are quite satisfying, but the minimum deposit is a bit high at $500. It can even go up to $50.000 for the VIP account!
However, this isn’t even the worst of it. Many customers have complained about the strange policies that S2trade has in this area. Most often, the complaints include waiting a really long time for the withdrawal request to come through. Sometimes, the clients do not get their money at all! This is why you should do deep-dive research before deciding to trade with a certain company.