S2Trade is a new unlicensed Forex broker that opened in May of 2017. They are officially owned by GoldTech Media Services, which is located at: Tornimae 5, Tallin, Estonia, 10119.
S2Trade Brokers Review
Traders at S2Trade can use MetaTrader 4, MT4 Tablet, and for mobile traders can use the MT4 Android and iOS apps. Their list of available assets for trading at S2Trade includes over 200 Forex and currency pairs, commodities (oil, gold silver), indices (majors and minors including: Spain35, Sweden30, Amsterdam25, MICEX, FTSE Italy, STOXX50 and more) plus shares.
Leverage is as high as 200:1, and commissions range from $2 – $8 per 100K. Spreads range from 0.1 to 2.5 depending on your account type. The minimum deposit for new trading accounts start at $500, and goes up to $50,000. Their website is localized in English and Italian.
Mirror Trader is available for investors who are looking for automated Forex trading by copying the trade signals of other people. Social trading software in general are nice for idea generation and to get a better idea of traders sentiment, learn more here.
Check S2Trade License
When the Scam Broker Investigator reviews a new Forex broker to determine if they are a scam broker or a legitimate broker, we want to know if a regulator like ASIC Australia, FSB South Africa or the FCA in United Kingdom gave them a license.
At the time of this review, S2Trade is not a licensed broker.
Serious investors in Forex and CFD trading have many licensed & regulated brokers to choose from depending on their country of residents. You can find a comprehensive list of brokers here.
eToro is the largest “Social Trading” CFD brokers and they are licensed in United Kingdom by the FCA. Their trading platform is unique and made for both beginners and advanced traders, learn more at: http://eToro.com.