S2Trade Review is S2 Trade Scam or Reliable Broker

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S2Trade Review: is s2 Trade a Scam or Legit Broker?

S2Trade is a Forex broker owned and operated by GoldTech Media Services OÜ, S2 Trade have their address at Tornimae 5, Tallin 10145, Estonia. Their email address is [email protected]

S2Trade Trading Platform

Trading platforms are the interface where the trading on assets such as commodities, currencies, stocks or indices are done. A good trading platform should have charting tools and indicators, it should also be easy to use and very fast in executing trades. S2 Trade broker offers the MT4 platform and also a webtrader, it has a huge range of assets to trade on. The maximum leverage is 1:200

Withdrawal and Deposit Method

S2Trade withdrawal and deposit methods could be carried out by the following means: Visa, Bank Wire transfer, MasterCard, Neteller, Skrill. S2Trade minimum deposit is $500.

License and Regulation

S2Trade is NOT a licensed broker. This means there are no regulatory bodies that monitors their activities to ensure they stick to best practices. Complaints about these unlicensed brokers are withdrawal issues(not being able to withdraw your money) and since they are unlicensed and unregulated, no regulatory bodies can fight for you, so you are left helpless. This is a source of major concern.

S2Trade broker review

I’m not one to judge a book by the cover, but come on, S2Trade! However, I’m going to keep this S2Trade review as professional as I can. As a disclaimer, I will admit to being a bit pedantic, and even little things get me wary of a company, especially one that handles money. So, if you find me to be too nit-picky, that’s fine, just remember that the devil is in the details – the tiny details.


Min. Deposit:
$200

Trading Platform: Custom

US Clients: Not Available

Who is S2Trade broker?

If you’re going to give somebody money, you had better know who they are and where you can find them. S2Trade forex broker is the tradename for Goldtech Media Services OÜ. I had to copy-paste that last bit because the company is based in Estonia, but their services extend beyond the country. From the company’s website, they claim to have spread their services all the way across Europe and into Asia. I even tried to open an account through a VPN routed through the US, and I could still open an account with them. So, you can open an account with them from anywhere in the world.

You see, that is the thing about an unregulated broker, they have absolutely no restrictions. That is right, S2Trade have no license at all from any financial regulator anywhere in the world. Working with a broker without a license is not a good idea at all, after all, who would you complain to if you had a problem. Therefore, when you deposit your money with S2Trade brokers, you can never be certain it will be safe. A lack of licensing and regulation should be your first warning of the S2Trade scam being ran over there.

A look at S2Trade services

As I said at the start, I don’t judge by the cover, so let’s take a look under the hood.

S2Trade provide many currency pairs for forex trading, and on top of that also offer CFDs trading for commodities, metals and indices. Other brokers also include CFDs for bonds, ETFs and other instruments, but the S2Trade offerings are not completely bad. So far so good, until you look at their other trading conditions. The minimum account opening balance with the broker is $500, and that is just for the standard account. It’s not completely unreasonable, although other brokers allow even a $100 minimum balance. Also considering that they are not regulated, why would they require such a high amount of capital?

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Besides, they have several account types, with the basic ones being incurring reasonable spreads on the major forex pairs. With the exotic pairs, though, the spreads become very wide, enough to make the trading quite costly. Things are no better with the ECN accounts, because these accounts charge a commission, but the spreads remain relatively wide. A lot of other brokers definitely offer better trading conditions that these of S2Trade.

However, the S2Trade bonus is not bad, with clients receiving a 25% bonus of the amount they deposit. Unlike other brokers, you do get to withdraw your bonus, as long as you achieve the minimum required trading volume. Achieving the minimum requirement can be quite a task, but it’s better that the bonus offered by other brokers that is completely non-withdrawable.

Is S2Trade legit?

Being completely unregulated by any financial regulatory body, I had a problem with S2Trade immediately. Nevertheless, I’ve seen some unregulated forex and binary options brokers who I would still use, although very cautiously. In the case of S2Trade opinions, though, I am not pleased by what they have to offer or their services. That they are not regulated only adds to my dislike for the broker, and I would ask any trader to stay away, for their own sake. But if you still feel lucky about using S2Trade, please take some time and leave some S2Trade reviews below, I bet it won’t be positive.

Fly With S 2 trade

Trade on the most popular markets and
explore endless trading options.

Trade Anytime, Anywhere

Trade from your desktop or on-the-go with any of our powerful MT4 platform,
complete with the most effective trading tools

Trade Forex, Commodities, Shares and Indices with tight spreads, no hidden commissions and instant execution.

Whatever your level of experience is you can easily benefit from our comprehensive educational center.

Testimonials

Hear from traders all around the world that have made S 2 trade
their broker of choice.

“The best part of investing with S 2 trade is that there is always a
trading opportunity no matter what time of the day.”

“I chose S 2 trade because my account manager is always working with me to improve my trading results. I am very pleased with what I have experienced and I look forward to a long relationship with them.”

“If you want a broker who gives you what you ask for, answers e-mails, picks up the phone, and makes sure you are ready to trade, you have come to the right place.”

“These guys are great. They are quick to respond and extremely helpful with any need or question. I would highly recommend S 2 trade”

“Absolutely the finest customer service I have ever received from a brokerage. The S 2 trade trading platform is a great platform, easy to use but loaded with so many dynamic features.”

“The best part of investing with S 2 trade is that there is always a
trading opportunity no matter what time of the day.”

“I chose S 2 trade because my account manager is always working with me to improve my trading results. I am very pleased with what I have experienced and I look forward to a long relationship with them.”

“If you want a broker who gives you what you ask for, answers e-mails, picks up the phone, and makes sure you are ready to trade, you have come to the right place.”

“These guys are great. They are quick to respond and extremely helpful with any need or question. I would highly recommend S 2 trade”

“Absolutely the finest customer service I have ever received from a brokerage. The S 2 trade trading platform is a great platform, easy to use but loaded with so many dynamic features.”

Select Your Trading

Whatever your level of experience, at S 2 trade we are confident that we have the right
trading account for you. Select your account and get premium trading conditions,
fast execution and 24/5 customer support.

Standard Account

  • Minimum Spread
    (No-commission Account) 2.5
  • Minimum Spread
    (Commission Account) Starting from
    0.2
  • Instruments FX, Commodities,
    Indices & Stocks
  • Minimum Deposit USD 500
  • Rebate Program
  • Account Currency USD/EUR
  • Max Leverage 1:200
  • Min lot size 0.1 lot = 10.000
  • Commissions
    (for commission account only) 8$ per 100k
  • Access to Technical Reports
  • Personal Account Manager
  • 1-on-1 Training
  • Trading Signals
  • Express Withdrawals

Open a standard account

Premium Account

  • Minimum Spread
    (No-commission Account) 2.1
  • Minimum Spread
    (Commission Account) Starting from
    0.1
  • Instruments FX, Commodities,
    Indices & Stocks
  • Minimum Deposit USD 5,000
  • Rebate Program
  • Account Currency USD/EUR
  • Max Leverage 1:200
  • Min lot size 0.1 lot = 10.000
  • Commissions
    (for commission account only) 3.5$ per 100k
  • Access to Technical Reports
  • Personal Account Manager
  • 1-on-1 Training
  • Trading Signals
  • Express Withdrawals

Open a premium account

VIP Account

  • Minimum Spread
    (No-commission Account) 1.5
  • Minimum Spread
    (Commission Account) Starting from
    0.1
  • Instruments FX, Commodities,
    Indices & Stocks
  • Minimum Deposit USD 50,000
  • Rebate Program
  • Account Currency USD/EUR
  • Max Leverage 1:200
  • Min lot size 0.1 lot = 10.000
  • Commissions
    (for commission account only) 2$ per 100k
  • Access to Technical Reports
  • Personal Account Manager
  • 1-on-1 Training
  • Trading Signals
  • Express Withdrawals

Open a VIP account

Funding Methods

Our funding methods are trusted & safe

RISK WARNING: Trading foreign exchange, Commodities, Indices, Currencies and Shares carries a high level of risk, and may not be suitable for all traders. Before deciding to trade Forex, Commodities, Indices, Currencies and Shares, you should carefully study your investment objectives, experience level, and appetite for risk. There is a possibility that you may sustain a loss of some or all of your capital and therefore you should not invest money that you cannot afford to lose. Please be aware of all the risks related to Forex, Commodities, Indices, Currencies and Shares trading before you start investing.

The website is owned and operated by GoldTech Media Services OÜ

Tornimae 5, 10145 Tallinn, Estonia

Roosikrantsi 2K255, 10119 Tallinn Harju Maakond, Estonia

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