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The WikiFX Score of this broker is reduced because of too many complaints!

FSDS

United Kingdom|2-5 years|
Regulated in United States|Suspicious Regulatory License|MT5 Full License|Chinese market only|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://fsdsglobal.live/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

1
Server Name
FSDSGlobal-Live MT5
Server Location Hong Kong

Contact

services@fsdsglobal.com
https://fsdsglobal.live/
107Cheapside , London ec2v 6dn.
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

FSDS Global Limited

Company Abbreviation

FSDS

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2024-04-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 11 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Expose
Unable to Withdraw

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

2022-06-18 01:41
Unable to Withdraw

Pay income tax first before you can withdraw money. After paying the tax, the customer service person is disappeared

FSDS. This is the result of nine deposits and multiple transactions in the foreign exchange and futures markets. When requesting to withdraw funds, the customer service responded to the message: "Dear sir, hello, after verification by the platform's financial department, your account information is confirmed to be correct. The account 8870129 has a history of 9,401,000 Taiwan dollars and 392,453 Hong Kong dollars, which is equivalent to 368,591 US dollars in total. The gold is 1,000 US dollars, the remaining cost is 367,591 US dollars, the total current account is 2,156,797.37 US dollars, and your total profit is 1,789,206.37 US dollars. According to the tax policy of your region, you need to pay 10% personal income tax on your profits, totaling 1,789,200.637 US dollars, equivalent to 5,279,590 Taiwan dollars, Now you have applied for tax declaration to the government department. When you complete the payment of personal income tax, the loan will be made for you, please confirm!””” The tax has been paid. I remitted ($78,920), and my friend helped me advance "Dear sir, hello, after review by the tax department, your friend XX in Hong Kong has paid $100,000 in tax for you, and your personal income tax is now $178,920. After all payment is completed, your funds will be remitted to your bank account within 1-3 working days, please confirm!" But at the time of withdrawal, the customer service is not available. People are disappeared. Unable to process withdrawal.

2022-05-31 19:14

    FSDS · Company Summary

    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.

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    User Reviews

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    Fxica
    more than one year
    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.
    2023-12-11 18:13
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    LL91587
    more than one year
    The absence of an Islamic account option is disappointing for traders like myself who prefer adherence to Islamic principles. The limited range of customer support, primarily through email, leaves much to be desired, especially in urgent situations.
    2023-12-08 16:57
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    0
    0
    Douglas77
    more than one year
    They kept telling me that I could open an account with just $100, and with their magical 400x leverage, my capital would grow like crazy. I fell for their BS, thinking I was about to make some serious cash. But guess what? In less than a day, poof! My account balance vanished into thin air. And not only did I lose everything, but I also ended up owing them money. It's such a gut-wrenching feeling, I can't even put it into words.
    2023-07-14 12:25
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    小塔
    more than one year
    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.
    2022-12-16 17:46
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