S&P BROKER

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

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

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.

Trading Platform

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

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.

Deposit and Withdrawal

S&P BROKER accepts wire transfers,credit cards and ePayments as payment methods.

Minimum deposit is 250 USD.

Minimum withdrawal for wire transfers is 250 USD/GBP/EURO and 100 USD/GBP/EURO via other methods.