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FSDS Forex Broker provides real users with * positive reviews, 2 neutral reviews and 14 exposure review!

FSDS Broker Review

1.43

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Business

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No license

FSDS Review 16

Latest All(16) Neutral(2) Exposure(14)
Neutral
FSDS's Regulatory Claims Untrue: NFA Association Debunked, Credibility in Question

I must express my dissatisfaction with FSDS. One major concern is the lack of regulation, despite their claims of being regulated by the NFA. After thorough verification, it's evident that this broker is not associated with the NFA in any way. This discrepancy raises serious doubts about the credibility of their regulatory status, making me question the overall reliability of their services.

Fxica
2023-12-11
Neutral

Rogue brokers. A very clever organization that draws you in and gives you very pushy account managers. when you try to withdraw you get little or no information. they make this process very difficult almost impossible.

小塔
2022-12-16
Exposure
Solicitation using women on SNS

Jun Bous says that he will take back the 3.6 million that was deceived by ETO at the FX gold market, demanding and paying 600,000, and then saying that he needs 2.4 million in taxes to cash out. 2.4 million is not paid now

sin3416
2022-12-02
Exposure
Scam

Create a virtual platform to trick users, hope support will pay attention to the warning

グエンアントゥ
2022-06-24
Exposure
They won't let me withdraw and they want to pay 5000USD

Dear, it is possible that they are taking your name since they do not allow withdrawal and they ask me for 5000 usd which is illogical when I had already paid other amounts to be able to operate and withdraw the money, it seems to me it is a scam and this is the web page https:/ /fsdsglobal.ltd. They have put all kinds of obstacles on me and today they wrote to me without my having communicated telling me that in order to release my funds I had to pay this amount, when they were supposed to release everything on July 13 and also in a threatening way they are going to block for 2 months, surely they want to swindle me out of money.

FX3514991435
2022-06-20
Exposure
Can't withdraw money

All of these scams, ACEs have put up and are very true, but I would like to add that they are very sophisticated: They raise capital with me so that I can believe it and fight, my account is I managed, but actually they did not contribute capital because of the nature of that floor created by them, so they increased their account short, and importantly, I couldn't withdraw even 1 thousand dong. They take other people's pictures and edit them for themselves: They already have a perfect scenario: for example, they steal someone's picture, then they edit the whole date... For example, if they know they stole pictures somewhere and took pictures, they also said they went there and sent pictures there..... In short, FSDS is a scam.

グエンアントゥ
2022-06-19
Exposure
Withdrawal problems

It says I have to pay taxes and fees before I can withdraw. And these taxes cannot be directly deducted from my balance. First of all, they asked to pay 15% tax, claiming that the profits on the platform must exceed $500,000 before the withdrawal. Then the tax must be paid within 7 working days, otherwise the account will be permanently suspended and no funds will be available. It was released. Then, the account was suspected of having a malicious transaction. And a deposit of $30,000 is required to withdraw funds. They still ask for deposits without withdrawals for various reasons. and finally, maliciously suspending the account with the intent of forfeiting principal and income. But my interaction with the team at Traceasset(traceasset.org) resulted in a chargeback that saw me walk away. with my investments and a second chance to make the right investment decisions.

adim cavafa
2022-06-18
Exposure
I can’t resive my withdraw

fsds is a crime master how can mt5 allow that its been 9 days I don’t resive my 1 withdraw

FX3335905474
2022-06-18

  

FSDS 2025 Review: Everything You Need to Know

  In the ever-evolving landscape of forex trading, FSDS has emerged as a controversial player. Established in 2020, this broker claims to offer a diverse range of trading assets and favorable trading conditions. However, a closer examination reveals significant concerns regarding its legitimacy and user experience. Notably, FSDS is not regulated by any recognized financial authority, raising red flags for potential investors.

  Note: It is crucial to highlight that FSDS operates under various entities across different regions, which may complicate its regulatory status. This review aims to provide a fair and accurate assessment based on available information.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 3
Customer Service and Support 2
Trading Setup (Experience) 4
Trustworthiness 1
User Experience 2

  We evaluate brokers based on a combination of user feedback, expert analysis, and factual data.

  

Broker Overview

  FSDS Global Limited, registered in the United Kingdom, has been operational for approximately two to five years. The broker provides access to the popular MetaTrader 5 (MT5) trading platform, allowing clients to trade a variety of assets, including forex, commodities, indices, and cryptocurrencies. However, it is essential to note that FSDS claims to be regulated by the National Futures Association (NFA) under license number 0547899, which upon verification, appears to be misleading as FSDS is not listed as a member of the NFA.

  

Detailed Analysis

  •   Regulated Geographic Areas: FSDS claims to operate under several jurisdictions but lacks credible regulation from recognized authorities such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC).

  •   Deposit/Withdrawal Methods: FSDS accepts credit/debit cards and bank wire transfers for deposits and withdrawals. However, users have reported issues with withdrawal requests being delayed or denied, raising concerns about the brokers reliability.

  •   Minimum Deposit: The minimum deposit required to open an account with FSDS is $200, which is relatively low compared to other brokers. However, the lack of regulation and the subsequent risks may overshadow this advantage.

  •   Bonuses/Promotions: There is no substantial information regarding bonuses or promotions offered by FSDS, which could be a disadvantage for traders looking for additional incentives.

  •   Tradable Asset Classes: FSDS offers a broad spectrum of assets, including over 50 currency pairs, commodities like gold and oil, and a variety of cryptocurrencies. This diversity allows traders to explore different markets, although the overall trading environment remains questionable.

  •   Costs (Spreads, Fees, Commissions): FSDS offers variable spreads starting from 1.5 pips on standard accounts and up to 0 pips on ECN accounts, which operate on a commission-based model. However, the transparency regarding trading costs is lacking, leading to potential confusion for traders.

  •   Leverage: The broker provides a maximum leverage of up to 1:400, which can amplify both potential gains and losses. This high leverage is attractive to experienced traders but poses significant risks, especially for beginners.

  •   Allowed Trading Platforms: FSDS exclusively utilizes the MT5 trading platform, which is known for its advanced features. However, the lack of additional platforms may limit options for traders who prefer different interfaces.

  •   Restricted Regions: Although FSDS operates in various regions, its lack of regulation may restrict its services in countries with stringent regulatory requirements.

  •   Available Customer Support Languages: Customer support is primarily available through email, with no clear information on the languages supported. Users have reported unsatisfactory experiences, citing slow response times and unhelpful support.

      

  

Repeated Rating Overview

Category Rating (out of 10)
Account Conditions 4
Tools and Resources 3
Customer Service and Support 2
Trading Setup (Experience) 4
Trustworthiness 1
User Experience 2

  

Detailed Breakdown

  •   Account Conditions: FSDS offers a minimum deposit of $200, which is appealing; however, the absence of regulatory oversight raises concerns about the safety of funds.

  •   Tools and Resources: The broker lacks educational resources and comprehensive trading tools, making it less suitable for beginners who may require additional support.

  •   Customer Service and Support: With only email support available, FSDS has received numerous complaints regarding delayed responses and inadequate assistance, leading to a poor customer service rating.

  •   Trading Setup (Experience): The trading experience on MT5 is generally positive, but the lack of transparency regarding spreads and fees can lead to confusion and dissatisfaction among traders.

  •   Trustworthiness: FSDS has been flagged as unregulated and potentially fraudulent by multiple sources, resulting in a low trust rating. Users have reported withdrawal issues and claims of additional fees that are not clearly disclosed.

  •   User Experience: Overall, user experiences with FSDS have been predominantly negative, with many expressing concerns about withdrawal difficulties and the broker's legitimacy.

  •   In conclusion, the FSDS review paints a concerning picture of this broker's operations. While it offers a range of trading options and a low minimum deposit, the lack of regulation, poor customer service, and troubling user feedback suggest that potential investors should exercise extreme caution before engaging with FSDS.

FSDS review