MDSS Forex Broker

Note: MDSS' official website: https://mdssllc.com is currently inaccessible normally.MDSSReview SummaryFounded/Registered Country/RegionUnited KingdomRegulationUnregulatedMarket Instruments9,000+ CFDs on stocks, indices, commodities, ETFs and bondsDemo Account❌LeverageUp to 1:50Trading Platform/Min Deposit$5 000Customer Support/ The MDSS website is owned and operated by MDSS LLC. This company claims to be a subsidiary of another company – MDS Securities Ltd., but we were unable to prove that. It claims to offer a variety of trading instruments, including CFDs on over 9,000 stocks, indices, commodities, ETFs, and bonds with leverage up to 1:50, but an extremely high minimum deposit of $5,000.Pros and ConsPros Cons Multiple market instrumentsInaccessible websiteUnregulatedNo demo accountsLimited info on trading feesExtremely high minimum depositNo contact channelIs MDSS Legit? No, MDSS is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.What Can I Trade on MDSS? MDSS says it offers a great variety of trading instruments, including over 9000 CFDs on stocks, indices, commodities, ETFs and bonds.Tradable Instruments Supported CFDs✔Stocks✔Indices✔Commodities✔ETFs✔Bonds✔Forex❌Cryptocurrencies❌Options❌Price Plan The minimum investment deposit with MDSS is set at 5 000 USD, which is absurdly high. Most brokers traders can start trading with is about 100 USD.Price PlanMin DepositFX All-Inclusive$5 000FX Volume $10 000Leverage In terms of trading leverage, the maximum leverage offered by this MDSS is 1:50. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.MDSS Fees MDSS promises tight spreads with low or even zero commission. Unfortunately we were not able to open a demo account to check that. Have in mind that starting spreads with a standard account is considered attractive only below 1.5 pips.Trading Platform MDSS claims to support the Saxo Bank trading platform, but we need to be aware that all brokers offering the Saxo trading platform operate as white labels of Saxo Bank, which is definitely not the case with MDSS.