Score
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Score
Regulatory Index0.00
Business Index6.80
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
Danger
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Company Name
SUMMIT TRADE Co
Company Abbreviation
SUMMITRADE
Platform registered country and region
Estonia
Company website
Company summary
Pyramid scheme complaint
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| SUMMITRADE Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Estonia |
| Regulation | No Regulation |
| Market Instruments | Forex, Indices, Cryptocurrencies, Commodities, Stocks and ETFs |
| Demo Account | ✅ |
| Leverage | Up to 1:100 |
| Spread | / |
| Trading Platforms | Web-based Platform, mobile App |
| Minimum Deposit | €250 |
| Customer Support | Contact form |
| Phone: +41 225000892 | |
| Email: support@summitrade.co | |
| Address: OÜ, Tallinn, Kesklinna linnaosa, Roosikrantsi tn 2, 10119 , Estonia | |
Registered in 2019, SUMMITRADE is an unregulated financial trading platform based in Estonia. It offers Forex, Indices, Cryptocurrencies, Commodities, Stocks and ETFs via both web and mobile platforms.
| Pros | Cons |
| Demo accounts available | No regulation |
| Multiple account types | Limited info on trading fees |
| Flexible leverage ratios | |
| Comprehensive customer support channels | |
| Diverse payment methods |
At present, SUMMITRADE lacks valid regulation. Its domain was registered on Nov 1, 2019, and the current status is “clientDeleteProhibited, clientRenewProhibited, clientUpdateProhibited, clientTransferProhibited”. Please pay high attention to the safety of your funds if you choose this broker.
On SUMMITRADE, you can trade with Forex, Indices, Cryptocurrencies, Commodities, Stocks and ETFs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ❌ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ✔ |
| ETFs | ✔ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
SUMMITRADE offers Basic, Sliver, Gold, and Vip accounts, with flexible leverage ranges from 1:10 to 1:10. Note that high-leverage can amplify both profits and losses.
| Bacic | Silver | Gold | Vip | |
| Min Deposit | €250 | €5,000 | €25,000 | €250,000+ |
| Leverage | 1:10 | 1:40 | 1:60 | 1:100 |
SUMMITRADE offers a web-based Platform and mobile App. You can get the app on Google Play.
SUMMITRADE supports various payment methods such as VISA, MasterCard, SEPA, Bitcoin, Wire transfer, Ethereum, and VLOAD cards.
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2022-12-20 11:49
