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SUMMITRADE -

Score

1.66 /10
Danger

SUMMITRADE

Estonia

5-10 years

Questionable Regulatory License

Suspicious Operational Region

High Potential Risk

https://www.summitrade.co

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Comparison

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Website

Score

Regulatory Index2.32

Business Index6.73

Risk Management Index1.87

Software Index4.58

License Index2.69

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

EE FSA
2020-04-02
Investor alerts Summit Investment Group OÜ (www.summitrade.co/)
SUMMITRADE

Broker Information

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Company Name

SUMMIT TRADE Co

Company Abbreviation

SUMMITRADE

Platform registered country and region

Estonia

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2026-08-30
  • This broker lacks valid forex regulation. Please be aware of the risk!
  • Current data indicates that this broker does not have trading software. Please be aware of the risk.

WikiFX Verification

News

ExposureSUMMITRADE Review: Is Your Deposit Safe?

SUMMITRADE offers tiered derivative accounts, but no regulatory information was found for the brand and Estonia's financial regulator has flagged the related entity as unauthorised. Here is what to verify before depositing.

WikiFX
2026-08-25 16:00
SUMMITRADE Review: Is Your Deposit Safe?
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摩羯座
more than one year
I must admit that SUMMITRADE's website looks attractive...but it is not regulated! It is important to be aware of this.
I must admit that SUMMITRADE's website looks attractive...but it is not regulated! It is important to be aware of this.
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2022-12-20 11:49
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