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FSDS Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-07-12 18:54

Abstract:FSDS, a trading name of FSDS Global Limited, is allegedly a brokerage company, registered and regulated in the United Kingdom with the registration number of 13874401, established on the 26th of January in 2022. Unluckily, we can’t find other more detailed information about this broker on the Internet.

FSDS Basic Information
Registered Country/Area United Kingdom
Founded year 1-2 years ago
Company Name FSDS Global Limited
Regulation Not regulated
Minimum Deposit $200
Maximum Leverage Up to 1:400
Spreads Variable spreads
Trading Platforms MetaTrader 5 trading platform
Tradable Assets Forex, Commodities, Indices, Cryptocurrencies
Account Types Standard, ECN
Demo Account Available
Islamic Account Unavailable
Customer Support Email: services@fsdsglobal.com
Payment Methods Credit/Debit Card, Bank Wire Transfer
Educational Tools Not specified

Overview of FSDS

  FSDS Global Limited is a company registered in the United Kingdom operating in the financial services industry. With a foundation of 1-2 years ago, FSDS offers trading services to its clients. However, it's important to note that the company is not regulated by any financial authority at present.

  In terms of account requirements, FSDS has set a minimum deposit of $200, providing accessibility to individuals who are looking to enter the market with an affordable initial investment. The maximum leverage offered is up to 1:400, allowing traders to potentially amplify their positions. However, it is crucial to exercise caution and understand the risks involved.

  FSDS provides a trading environment with variable spreads, which means that the difference between the buying and selling prices of assets may change based on various market conditions. Traders can utilize the well-known MetaTrader 5 trading platform, which offers a range of advanced features and tools.

  The company offers a four classes of tradable assets, including forex, commodities, indices, and cryptocurrencies. This provides traders with opportunities to diversify their portfolios and take advantage of different market movements.

  FSDS offers multiple account types to cater to varying trading needs, such as Standard, VIP, and ECN accounts. Additionally, the company provides a demo account, allowing traders to practice and familiarize themselves with the platform and trading strategies before committing real funds.

  It's important to note that FSDS does not offer Islamic accounts for those who require adherence to Islamic principles in their trading activities.

  Customer support is available through email, with the provided email address of services@fsdsglobal.com.For payment methods, FSDS accepts credit/debit cards and bank wire transfers. However, it's important to consider the availability and convenience of these payment options based on your location and personal preferences.

basic-info

Is TFSDS legit or a scam?

  FSDS Global Limited claims to be regulated by the NFA (National Futures Association) and holds a common financial service license with license number 0547899. However, upon verification, it has come to our attention that this broker is not a member of the NFA.

  In this case, despite the claim of regulation by the NFA, it has been found that FSDS Global Limited is not associated with the NFA in any capacity. This revelation raises concerns about the veracity of the broker's claims regarding their regulatory status.

  Furthermore, the mention of a common financial service license with a specific license number adds a layer of credibility to the broker's claims. However, it's important to recognize that the license number provided does not correspond to any recognized regulatory authority or body. Given these findings, it appears that FSDS Global Limited lacks the necessary regulation from reputable authorities, such as the NFA or other recognized financial regulators. This raises questions about the suitability of the broker for providing financial services and highlights potential risks associated with engaging their services.

regulation

Pros and Cons

Pros Cons
Offers MetaTrader 5 trading platform Not regulated
Provides access to various tradable assets No Islamic account option
Provides a demo account Only two types of trading accounts
Unfriendly minimum deposit requirements
Limited range of customer support
Spreads not transparent
Only MT5 trading platform
No educational tools
Relatively young broker
pros-cons

Market Intruments

  FSDS Global Limited offers a diverse array of trading assets across four key classes, which encompass Forex, Commodities, Indices, and Cryptocurrencies.

  Forex, or foreign exchange, involves the trading of different currencies in the global market. It is the largest and most liquid market in the world, offering traders the ability to profit from fluctuations in currency exchange rates. The inclusion of Forex as a tradable instrument by FSDS allows traders to participate in this dynamic and potentially lucrative market.

  Commodities, another category of instruments offered by FSDS, encompasses a wide range of tangible goods such as gold, oil, natural gas, agricultural products, and more. Trading commodities allows investors to take advantage of price movements in these essential resources, providing potential opportunities for diversification and risk management.

  Indices represent a basket of stocks or securities that track the performance of a specific market segment or sector. FSDS provides the opportunity for traders to trade indices, enabling them to speculate on the overall performance of a particular market or industry rather than individual stocks. This offers the advantage of gaining exposure to broader market trends and diversifying one's investments.

  Cryptocurrencies have gained significant popularity in recent years, and FSDS recognizes this growing demand by offering them as tradable instruments. Cryptocurrencies, such as Bitcoin, Ethereum, and others, are decentralized digital currencies that rely on blockchain technology. Trading cryptocurrencies allows investors to potentially capitalize on the price volatility and market trends exhibited by these digital assets.

  Account Types

  FSDS Global Limited offers a selection of account types designed to cater to the diverse needs and preferences of traders. These account types include Standard, VIP, and ECN, each offering distinct features and benefits.

account-types
Account Type Minimum Deposit Spreads Commission Fees Leverage Trading Instruments Additional Features
Standard $200 Starting from 1.5 pips None Up to 1:400 Forex, Commodities, Indices, Cryptocurrencies Hedging allowed, Islamic account option
ECN $1,000 Starting from 0 pips* Commission-based Varies based on instrument Forex, Commodities, Indices, Cryptocurrencies Direct market access, ultra-fast execution, Scalping allowed

  Standard Account:

  •   Minimum deposit requirement: $200

  •   Competitive spreads starting from 1.5 pips

  •   Access to a wide range of trading instruments including Forex, Commodities, Indices, and Cryptocurrencies

  •   Standard leverage up to 1:400

  •   No commission fees on trades

  •   24/5 customer support

  •   Access to the MetaTrader 5 trading platform

  •   Hedging allowed

  •   Islamic account option available

   ECN Account:

  •   Minimum deposit requirement: $1,000

  •   ECN pricing model with raw spreads starting from 0 pips*

  •   Direct market access with deep liquidity from multiple liquidity providers

  •   Commission-based trading with competitive commission fees per lot traded*

  •   Ultra-fast execution speed with no dealing desk intervention

  •   High execution transparency and market depth visibility

  •   Scalping and high-frequency trading allowed

  •   Tier-1 bank liquidity for optimal trading conditions

  •   Access to institutional-grade trading infrastructure

  •   Advanced trading platforms and tools for professional traders

  *Note: Raw spreads and commission fees may vary depending on market conditions and the specific trading instrument.

Leverage

  FSDS presents a generous leverage ratio of up to 1:400, allowing traders to supercharge their potential gains or losses through the utilization of borrowed capital. However, the absence of regulation introduces a level of uncertainty and raises concerns over the broker's trustworthiness.

leverage

Spreads & Commissions (Trading Fees)

  FSDS implements different spreads and commission structures across its standard and ECN trading accounts. The standard account enables commission-free trading, with spreads starting from 1.5 pips, while the ECN account operates on a commission-based model, with spreads commencing from 0 pips.

Non-Trading Fees

  FSDS charges various non-trading fees that clients should consider when engaging with the broker. These fees may include withdrawal fees, inactivity fees, and potentially deposit fees, among others. It is essential for potential clients to thoroughly review and comprehend the details of these fees to make informed decisions and evaluate the cost-effectiveness of trading with FSDS.

Trading Platform

  FSDS proudly presents its trading platform, boasting the industry-leading MetaTrader 5 (MT5). This renowned trading platform has gained recognition as a powerful and versatile tool, catering to the needs of traders across various financial markets. With its cutting-edge technology and comprehensive functionalities, MT5 aspires to deliver a seamless and efficient trading experience to FSDS clients.

trading-platform

  The MT5 trading platform is renowned for its user-friendly interface, allowing traders of all levels of experience to navigate and utilize its features with ease. Its intuitive design enables swift access to a wide range of financial instruments, including but not limited to forex, commodities, indices, and cryptocurrencies. Through the MT5 platform, FSDS aims to equip its clients with extensive market access and facilitate the execution of diverse trading strategies.

Deposit & Withdrawal

  When it comes to deposit and withdarwal, among the supported payment methods are Credit/Debit Card and Bank Wire Transfer. Importantly, associated fees and processing times for deposits and withdrawals may vary and are contingent on multiple factors. To ensure transparency and enable informed decision-making, it is imperative for clients to familiarize themselves with the detailed fee structure and transactional timelines specific to the chosen payment method.

Customer Support

  FSDS's primary mode of communication is through email, clients can reach out to the dedicated customer support team by sending their inquiries to services@fsdsglobal.com.

Educational Resources

  Unfortunately, FSDS does not offer specific educational resources or materials to support the development of its clients' trading knowledge and skills.

Is FSDS suitable for beginners?

  Considering the current state of affairs, it is fair to say that FSDS might not be the best fit for beginners who are just starting their trading journey. It is important for newcomers to trading to be aware of the various complexities and risks associated with this field. Although FSDS offers a user-friendly platform, it does not provide specific educational resources for beginners. Therefore, it is recommended that beginners seek external sources, such as reputable educational programs, to enhance their knowledge and skills.

Is FSDS suitable for experienced traders?

  Based on a comprehensive evaluation, it would be judicious to state that FSDS may not necessarily be considered a viable option for seasoned traders. While FSDS may boast certain merits, it falls short in meeting the specific requirements and demands of experienced traders. One such aspect is the availability and efficiency of customer support. Experienced traders often value prompt and reliable customer support to address their concerns or resolve any issues that may arise during their trading activities. Moreover, experienced traders often prefer to have access to a wide range of financial instruments and markets for diversification purposes, while this broker fail to support broader range of trading instruments.

Conclusion

  In conclusion, FSDS may have some limitations when it comes to catering to the needs and preferences of traders. These limitations include potentially inadequate customer support, limited tradable asset selection, and less comprehensive risk management tools. Additionally, FSDS may lack advanced trading tools and technology, including algorithmic trading capabilities, fast trade execution speeds, and robust charting and analysis features.

  To ensure a platform meets their requirements, experienced traders may consider exploring alternative options that offer stronger customer support, a wider range of tradable assets, comprehensive risk management tools, advanced trading tools and technology, and reliable trade execution speeds.

FAQs

  Q: Is FSDS regulated?

  A: No, FSDS is not regulated according to the provided information.

  Q: Is FSDS based in the United Kingdom?

  A: Yes, FSDS is based in the United Kingdom.

  Q: What is the minimum deposit requirement for FSDS?

  A: The minimum deposit requirement for FSDS is $200.

  Q: What is the maximum leverage offered by FSDS?

  A: FSDS offers maximum leverage of up to 1:400.

  Q: What trading platforms are available with FSDS?

  A: FSDS provides the MetaTrader 5 trading platform for its clients.

  Q: What types of accounts does FSDS offer?

  A: FSDS offers Standard and ECN account types.

Related broker

No Regulation
FSDS
Company name:FSDS Global Limited
Score
1.42
Website:https://fsdsglobal.live/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.42

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