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USDETF

Bahamas|Within 1 year|
High potential risk|

https://www.dappusdetf.com/#/home

Website

Rating Index

Contact

support@usdetfs.com
https://www.dappusdetf.com/#/home
Sea Sky Lane, B201, Sandyport, Nassau, New Providence, The Bahamas

Licenses

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

Single Core

1G

40G

Open Now

Contact number

Other ways of contact

Broker Information

More

Company Name

USDETF Markets Limited

Abbreviation

USDETF

Platform registered country and region

Bahamas

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-11-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The BahamasSCB regulation (license number: SIA-F217) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The Bahamas SCB regulation with license number: SIA-F217 is an offshore regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

USDETF · WikiFX Survey

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USDETF · Company Summary

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.

USDETF's homepage

Pros and Cons

ProsCons
Multiple market instrumentsSuspicious 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 TypeRetail Forex License
Licensed NumberSIA-F217
Suspicious clone SCB license

What 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 Traders

Fees

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 3.50

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 PlatformSupported Available Devices Suitable for
cTraderDesktop, Mobile, WebBeginners
MT5Desktop, Mobile, WebExperienced traders
MT4Desktop, Mobile, WebBeginners
Trading ViewDesktop, Mobile, WebBeginners

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
Email 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.

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