S&P BROKER Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-28 10:32

Abstract：Founded in 2017, S&P BROKER is a forex and CFD broker registered in UK, offering trading through MT4, Status and web-based platforms. The minimum deposit provided is $250, which is quite high. However, S&P BROKER operates without regulatory oversight from any reputable financial body.

　　Note: S&P BROKER's official website: https://snpbroker.io/ is currently inaccessible normally.

S&P BROKERReview Summary
Founded	2017
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	/
Demo Account	❌
Leverage	/
Spread	/
Trading Platform	MT4, Status and web-based
Min Deposit	$250
Customer Support	Tel: +853 +44-208-089-82-60, + 74-99-350-92-89, +49-305-900-13-31
Customer Support	Email: support.ru@snpbroker.io, support.de@snpbroker.io, support.en@snpbroker.io

　　Founded in 2017, S&P BROKER is a forex and CFD broker registered in UK, offering trading through MT4, Status and web-based platforms. The minimum deposit provided is $250, which is quite high. However, S&P BROKER operates without regulatory oversight from any reputable financial body.

Pros and Cons

Pros	Cons
Variety of account types	Inaccessible website
MT4 supported	Unregulated status
Multiple trading platforms	No demo accounts
	High minimum deposit
	Withdrawal fee charged
	Limited payment options

Is S&P BROKER Legit?

　　No, S&P BROKER is not regulated currently. Please be aware of the risk!

Account Type

　　S&P BROKER offers three account levels that traders can upgrade to. Account type including Easy start, Trader and Pro trader. There is no demo account to practice with.

Account Type	Min Deposit
Easy start	$250
Trader	$500
Pro trader	$1 000

Trading Platform

　　S&P BROKER provides traders with three trading platforms to choose from, including MetaTrader4 (MT4), Status and web-based platform.

Trading Platform	Supported	Available Devices	Suitable for
Status	✔	/	/
Web-based	✔	Web	/
MT4	✔	Desktop, web and mobile (iOS and Android)	Beginners
MT5	❌	Desktop, web and mobile (iOS and Android)	Experienced traders

Fees

　　S&P BROKER charges pretty salty withdrawal fees, and has set some volume trading requirements.

　　Withdrawal will be charged a transaction fee of the following:

　　50.00 USD/GBP/EURO for wire transfers;

　　25.00 USD/GBP/EURO for credit cards plus a processing fee of 10.00 USD/7.00 EUR/5.00 GBP;

　　25.00 USD/GBP/EURO for ePayments.

　　In addition, accounts that have not executed a turnover of more than 200 or that are not verified will also be charged 10% of the withdrawal amount.