USDETF Forex broker specializes in providing foreign exchange trading services, the company's official website https://usdetf.com/#/register, the company's legitimate regulatory information BahamasSCBRetail Forex License, to enhance the security of the company's address Sea Sky Lane, B201, Sandyport, Nassau, New Providence, The Bahamas.
USDETF Forex Broker
Basic information
Bahamas
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
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
| Pros | Cons |
| Multiple market instruments | Suspicious fake clone license |
| Unclear minimum deposit requirement | |
| Limited customer support channels | |
| Commission charged |
Is 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 Type | Retail Forex License |
| Licensed Number | SIA-F217 |
What Can I Trade in USDETF?
| Trading Asset | Available |
| 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.
| Feature | USDETF | Standard |
| Base Currencies | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD | |
| Leverage | Up to 30:1 | |
| Average EURUSD Spread | 0.0 - 0.3 pips | 1.1 pips |
| Commission | From 7 AUD per 100,000 bilateral transactions | $0 |
| Minimum Trade Size | 0.01 lots | |
| Maximum Trade Size | 100 lots | |
| Most Suitable | Scrapers and Algorithmic Traders | New Traders |
Fees
MT4/MT5 USDETF Account Commission
| Trading account currency | Commission per 0.01 lot (1000 base currency) | Commission per 1 lot (100,000 base currency) |
| AUD | AUD 0.04 | AUD 3.50 |
| USD | USD 0.04 | USD 3.50 |
| JPY | JPY 3 | JPY 303 |
| EUR | EUR 0.03 | EUR 2.60 |
| GBP | GBP 0.03 | GBP 3.30 |
| CHF | CHF 0.04 | CHF 3.50 |
| NZD | NZD 0.04 | NZD 4.47 |
| SGD | SGD 0.05 | SGD 4.55 |
| HKD | HKD 0.28 | HKD 28.17 |
| CAD | CAD 0.04 | CAD 3.50 |
cTrader 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 Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| Trading View | ❌ | Desktop, Mobile, Web | Beginners |
Deposit 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 |
| support@usdetfs.com | |
| Physical Address | Sea Sky Lane, B201, Sandyport, Nassau, New Providence, the Bahamas |
The 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.
Rating Index
USDETF Similarly Rated Brokers
Latest Reviews
FX1636731038
South Korea
We were foolish people who participated in a reading room until the end. At first, we believed it was a fraudulent site that supports Korean language because it claimed to receive Korean won. Initially, withdrawals were possible, but as we operated the reading room by tying it to a signal room, we were told that we had to pay a guarantee fee of 20% and undergo an investigation due to anti-money laundering laws, and we were told that we had to pay a capital gains tax of 10% if we wanted to withdraw. After everything was settled, our accounts were shut down and they disappeared. Now they have changed their KakaoTalk name and completely disappeared. They probably created another site using US tax laws to commit fraud. They always mentioned ETF-related news, so it must be related to ETF. We are complaining. We hope to never be involved in fraud. We have lost all our assets and don't even have a 1,000 won bill in our wallets. We are a wicked group of scammers who pull out all the stops to take everything away. Today, I saw a picture on KakaoTalk that looked like a young mannequin. I hope no one falls for it.
Exposure
2024-10-02
FX1636731038
South Korea
At first, it seems like you can withdraw a little bit of money So I thought it was real And then I wanted to become a prestigious person I tie the signal room and do readings Even someone who takes advantage of that Cannot withdraw money Because it is tied to the signal room They say you have to pay a 20% deposit for money laundering And you have to pay a 10% tax profit to be released For any reason, they will never return the money It's a complete scam Dapusdt server is down They must be changing their name and engaging in fraudulent activities Do not make any investments It's an absolute scam
Exposure
2024-10-22