For this kind of money this can only be an e-IPS monitor. (The specs on e-bay say S-IPS, but it's certainly a lie.)
For those who don't differentiate between the different variants of IPS, e-IPS is a relatively new thing introduced around 2 years ago (by LG, I believe) and it's a simplified and much cheaper to manufacture version of IPS. Its characteristics are somewhere between TN and IPS.
Apart from the display itself, a monitor's quality is also very much dependent on its electronics. For this kind of money it's obvious they've put the absolute minimum into this thing.
(For a little comparison: I have an old, med-quality 19'' NEC 1990FX monitor and a cheap 23'' HP 2310ti touch monitor. The NEC weighs 9kg, the HP 8kg. How can a smaller monitor be heavier? It's all electronics.)
Same applies to other aspects: you can have no confidence in the monitor's electromagnetic emissions or reliability. And if the power supply fries for some reason in 3 months, don't count on your warranty.
I mean, you didn't believe for a second that a no-name brand that sells in the US purely thru e-bay will honor any kind of warranty, did you?