- The website is owned and operated by GoldTech Media Services OÜ;
- Located in Tallinn, Estonia;
- Payment methods: standard methods (Bank Transfer or Credit/Debit Card), Skrill, Neteller, e-wallets;
- Products: Currencies, CFDs, Commodities, Indices , Stocks;
- Available to non-U.S. and non-Quebec customers only.
S2Trade Broker Review – scam or reliable broker?
The very first thing that pops through our minds when checking S2Trade is the interesting and versatile trading accounts options, of which we will talk later.
As a Forex broker, S2Trade works with the standard and robust MT4 platform (including MT4 MultiTerminal, that allows access to up to 128 real accounts at the same time and WebTrader).
The website is available in 6 languages: English, Russian, German, Italian, Spanish and Arabic.
A good addition for traders is the rebate program S2Trade offers. The way this works it’s pretty straightforward: depending on the amount a client deposits, he/she receives back money a certain amount for every lot traded.
Another bonus point for S2Trade comes with its good educational center. What makes all the difference here is the informative videos that cover the major financial markets notions.
Investors can also find the usual materials, such as daily market news (in video format too) and the economic calendar.
Safety of funds
S2Trade accepts deposits via the standard methods such as Bank Transfer or Credit/Debit Card. It also accepts Skrill and Neteller and while the e-wallets deposits are far and in between, they’re still a good addition.
Account and deposit types
With a varied & extensive offer of trading accounts, S2Trade definitely stands out from the pack. Also, to be noted that the spreads & commissions conditions for the top accounts are really good.
There are 3 account types: Standard, Premium and VIP. Depending on the account level, investors can benefit from 1-on-1 training lessons, trading signals or even express withdrawals.
Quite some nice options here, we must say.
One can’t go wrong with the MT4 platform. It offers second to none charting systems, its capacity to handle multiple instruments is great and can be customized with the latest indicators or auto trading systems. Additionally, the platform offers enhanced security features.
S2Trade does not offer demo accounts. This is a minus, because it would be very useful to test the overall functionality of the broker before going live trading. However, for the skilled traders this shouldn’t come up as something really crucial to have.
S2Trade demands a minimum of $500, as an initial deposit. While this may not seem like a lot to some of you, this is actually a very high level given the current offers by other brokers. Most companies nowadays, like Windsor Brokers, require something in the $100 range.
That being said, the minimum deposit shouldn’t be a major consideration for you, presuming you can afford it. By itself the level does not reveal anything about the broker’s credibility.
These guys went all out to make customer privacy their best practice policy. Clients receive calls from the company only if they choose to, so that is a major plus in our book. Aggressive marketing has no business here, so their discrete approach is to be admired.
They offer a vast array of assets, featuring forex, CFD, metals as well as major indices. Their platform is safe and accurate, an every order is executed with the speed of light. You get to cross-asset trade, full access to 75 analytic tools and real-time executable prices.
To add up, you can access a precise economic calendar that lets you keep up with market trends as you make up your own trading style.
S2Trade seems like a user-friendly website, it offers excellent learning materials and rebate programs. Together with the extensive choices for trading accounts and the strong & robust MT4 platform, the broker proves it has what it takes to be a solid recommendation for all types of investors.
Scam or fraud? We doubt it.