S2Trade is a very young online FX brokerage, which got off the ground in May 2017. While the “About Us” page of the S2Trade.com website brags of a “spotless reputation,” considering the age of the operation, it is safe to say that it is rather early to make such claims.
Why should you go with S2Trade though? The brokerage offers a fairly standard suite of services, and it has made customer privacy one of its top priorities. What that translates to – according to the S2Trade site – is that only clients who request to be called will ever be called. Considering the trend of aggressive marketing pursued by many of the borderline scam actors out there, such an approach is indeed a considerable asset. Above and beyond that though, through its mirror trader, S2trade gives beginners the opportunity to copy the (preferably successful) trades of experienced traders from the S2Trade network.
The Contact Us page of the brokerage makes it clear that the corporate entity behind the site is Goldtech Media Services. Based in Tallin, Estonia, at Tornimae 5, 10119, the brokerage has apparently made efforts to comply with EU regulations. They do indeed observe strict AML and Conflict of Interests policies. The latter stipulates that the interests of the client are granted top priority at the brokerage, and these interests will – under no circumstances – be harmed in any way, shape or form.
In accordance with the KYC policy also in effect and observed by the operator, clients are required to provide a series of documents for identification purposes, including but not limited to ID copy, poof of address and credit card copies.
The contact emails of the operator are email@example.com, and firstname.lastname@example.org.
The trading offered by S2trade.com covers forex, as well as CFDs on metals and a wide range of indices. The asset-selection is plentiful for every one of those categories, and the trading conditions (spreads, commissions, leverage) differ from one account type to another.
S2Trade is built upon the good-old, reliable MT4 platform, more precisely, on a number of its variants.
The base version of MT4 is focused on secure and lightning-fast trading for all users. The platform offers true cross-asset trading, a wide selection of time frames for technical analysis, no fewer than 75 analytic tools and direct access to real time executable prices. Properly understanding the MT4 platform is a major skill for all traders – beginners and experienced. MT4 can be downloaded directly from the S2Trade website.
The mobile variant of MT4 lets traders take the best of what the platform has to offer, on the road. The interface is intuitive and it makes the mobile platform easy to use. It is compatible with Android as well as iOS devices, and it works with HTML5. The S2Trade mobile trader is available on Google Play and the Apple Appstore.
A webtrader and an MT4 multi terminal is available too, in addition to the main draw of the brokerage, which is – without a doubt – the Mirror Trader.
To help clients get a better feel of the overall market sentiment, S2Trade offers a handy economic calendar too, as well as in-house daily market analysis.
S2Trade Account Types
A said above, S2Trade offers three account types. The most basic of these is the Standard Account, which comes with a minimum deposit requirement of $500. Those who do indeed make this deposit, will gain access to a selection of free trading signals, for a month.
The Standard Account covers all the products and platforms described above. The minimum spread on the no-commission version of the Standard Account is 2.5 while on the commission version, it starts at 0.2 pips. The maximum leverage on this account variant is 1:200. The commission on the commission version of the account, is $8/100k.
The first step up the account ladder is the Premium Account, which – minimum deposit-wise – represents quite a leap indeed. Instead of $500, the requirement in this respect is $5,000.
All the regular products and platforms are covered by this account, in addition to micro lots.
The minimum spread on a non-commission account is 2.1 pips, while for a commission account, the minimum is as little as 0.1. The commission itself (on the commission version of the account, obviously) is only $3.5/100k. The maximum leverage is 1:200 with this account too.
The biggest and best account is the VIP one, which is called “truly tailored” by the brokerage. The no-commission version of this account-type features minimum spreads starting from 1.5 pips. The commission is $2/100k. To gain all the obvious benefits offered by this account-type, clients need to make a minimum deposit of $50,000 though. The maximum leverage is 1:200 on this account too.
The handiest and most straightforward way to contact S2Trade support is through the live chat feature, which can accessed directly from the homepage. In addition to that, there’s an email form available in the Contact section too, as well as two email addresses for direct messages: email@example.com, and firstname.lastname@example.org. The phone number through which the brokerage can be contacted is a UK-based one: +442036775478.
The site itself is available in Italian and Arabic, in addition to English.
For deposits, traders can make use of a selection of credit and debit cards, such as VISA, MasterCard and Maestro. Skrill and Neteller are accepted deposit methods as well. Upon making their deposit, traders are required to complete a deposit form, to confirm through email and to provide the required compliance documents. Wire Transfer can be used as well.
Withdrawal can be made through the same methods. It usually takes the brokerage 24 hours to process withdrawal requests.
The SimilarWeb global rank of s2trade.com was 406,661 at the time of posting this review (October 3, 2017), indicating it’s not very popular at the moment. Much of its traffic is currently comprised of people from South Africa, Italy, United Kingdom, Germany and Netherlands.
New visitors are referred to the site mostly from brxfinance.com, as well as through display advertising.
S2Trade Review Conclusion
S2Trade would be a fairly run-of-the-mill Fx/CFD brokerage, if it weren’t for its social trading feature, the mirror trader. Other than that, all its features are standard though: the platforms are solid and proven, and the available account types diverse-enough to fulfill the needs of all comers.