SnPs(Standard Equity & Partners) is a forex CFD website that primarily offers trading services in forex, indices, stocks, metals, commodities, and more. The entity information associated with SnPs is Standard Equity & Partners Co Pty Ltd. The broker's official website is available in English and Simplified Chinese. According to documents on the SnPs website, the company claims to be regulated by the Vanuatu VFSC (Vanuatu Financial Services Commission). However, the specific date of the company's establishment is not provided.
Company Background:
As per information on the SnPs official website, the company is headquartered in Vanuatu. According to a whois domain name query, thesnps.com was registered in 2022, indicating a relatively short period of existence. According to ASIC company registration information, the company was registered in 2020 but was deregistered within less than a year.
Trading Products:
SnPs offers a variety of trading products, including forex, indices, stocks, metals, and commodities. However, the product pages on the website appear to be template-based.
Account Types:
The company offers three main types of trading accounts: Standard, Alpha, and Advantage Accounts.
Deposits and Withdrawals:
SnPs supports various payment methods, including bank cards and credit cards, with extremely fast deposit processing times. Withdrawal methods are similar, but there is no fixed withdrawal processing time, and delays may occur. No fees are charged for deposits or withdrawals.
Trading Software:
The broker uses the SnPs MT4 real-time trading platform, offering users four download options for Apple Mac, iPhone, Windows PC, and Android.
Regulatory Status:
The SnPs website mentions that the company is regulated by the Vanuatu VFSC, with regulatory number 700483. However, a check on the Vanuatu VFSC regulatory information does not list the broker in its latest regulatory records.
Summary:
SnPs' official website provides limited company information, has an underdeveloped website, claims regulation by the Vanuatu VFSC but does not appear on its list, and lacks trading-related educational resources. TraderKnows advises caution when considering this company's services and emphasizes the importance of safeguarding your financial security to avoid falling into potential scams.
