USDETF Forex Broker

USDETFReview Summary Founded2024 Registered Country/RegionBahamas RegulationSuspicious Clone SCB License Market InstrumentsForex, Index, Commodities, ETF, Stock, Cryptocurrency Demo AccountNot Mentioned LeverageUp to 30:1 EURUSD SpreadUSDETF account: 0.0 - 0.3 pips Standard: 0.0 - 0.3 pips Trading PlatformcTrader, MT4, MT5 Min DepositNot Mentioned Customer Support24/7 Email: support@usdetfs.com Company address: Sea Sky Lane, B201, Sandyport, Nassau, New Providence, the Bahamas USDETF is an unregulated platform based in Bahamas. USDETF claims to have been founded in Melbourne, Australia in 2010 by a group of veteran traders, but the website is registered in 2024. USDETF provides trader with market instruments including Forex, Index, Commodities, ETF, Stock, and Cryptocurrency.Pros and Cons ProsCons Multiple market instrumentsSuspicious fake clone license Unclear minimum deposit requirement Limited customer support channels Commission chargedIs USDETF Legit? USDETF claims to be regulated by the Securities Commission of The Bahamas, but in fact, they cloned Pepperstone Markets Limited's license. Therefore, USDETF isn't a legitimate company. Regulatory Status Suspicious clone Regulated by Bahamas Licensed Institution Pepperstone Markets Limited Licensed TypeRetail Forex License Licensed NumberSIA-F217What Can I Trade in USDETF? Trading AssetAvailable forex✔ metals❌ commodities✔ indices✔ energies❌ stocks /shares✔ cryptocurrencies✔ options❌ funds❌ ETFs✔Account Types (Leverage/Spread & Commission) USDETF mainly offers two types of accounts: USDETF and Standard. FeatureUSDETFStandard Base CurrenciesAUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD LeverageUp to 30:1 Average EURUSD Spread0.0 - 0.3 pips1.1 pips CommissionFrom 7 AUD per 100,000 bilateral transactions$0 Minimum Trade Size0.01 lots Maximum Trade Size100 lots Most SuitableScrapers and Algorithmic TradersNew TradersFees MT4/MT5 USDETF Account Commission Trading account currencyCommission per 0.01 lot (1000 base currency)Commission per 1 lot (100,000 base currency) AUDAUD 0.04AUD 3.50 USDUSD 0.04USD 3.50 JPYJPY 3JPY 303 EUREUR 0.03EUR 2.60 GBPGBP 0.03GBP 3.30 CHFCHF 0.04CHF 3.50 NZDNZD 0.04NZD 4.47 SGDSGD 0.05SGD 4.55 HKDHKD 0.28HKD 28.17 CADCAD 0.04CAD 3.50cTrader Commissions cTrader commissions are charged at USD 6 bilaterally. For example, if you trade 100,000 EUR/USD, the commission fee is USD 3 for opening contracts and USD 3 for closing contracts. If your trading account is not in USD, they will Convert the commission fee to your specified account currency based on the current foreign exchange rate.Trading Platform Trading PlatformSupported Available Devices Suitable for cTrader✔Desktop, Mobile, WebBeginners MT5✔Desktop, Mobile, WebExperienced traders MT4✔Desktop, Mobile, WebBeginners Trading View❌Desktop, Mobile, WebBeginnersDeposit and Withdrawal USDETF accepts deposit and withdrawal methods including Visa, MasterCard, POLi, Bank transfer, BPay, PayPal, Neteller, Skrill, and China Union Pay.Customer Service USDETF's customer support channel is limited, but it is open 24/7. Contact Options Details Email support@usdetfs.com Physical Address Sea Sky Lane, B201, Sandyport, Nassau, New Providence, the BahamasThe Bottom Line No matter how many favorable features USDETF may seem to offer, USDETF remains an unregulated platform. You should avoid such platforms and choose a well-regulated and more experienced one.FAQs Is USDETF regulated? No. USDETF's license is a suspected fake clone. Does USDETF offer industry-leading MT4 & MT5? Yes. It offers trading platforms including MT4, MT5, and cTrader. Is USDETF good for beginners? No. An unregulated platform is not good for beginners.