WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

SDS

Saint Vincent and the Grenadines|5-10 years|
High potential risk|

http://www.sdsfx.co.uk/

Website

Rating Index

Contact

+44 01412311102
service@sdsfx.co.uk
http://www.sdsfx.co.uk/

Licenses

No valid regulatory information, please be aware of the risk!

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

Single Core

1G

40G

Open Now

Contact number

English

+44 01412311102

Chinese (Simplified)

4401412311102

Other ways of contact

Broker Information

More

Company Name

SIMPLE DIGITAL SOLUTIONS LIMITED

Abbreviation

SDS

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-05
  • It has been verified that this broker currently has no valid 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

SDS · WikiFX Survey

Users who viewed SDS also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

CPT Markets

8.60
Score
10-15 yearsRegulated in United KingdomMarket Making(MM)
Official website

GTCFX

8.12
Score
10-15 yearsRegulated in United KingdomStraight Through Processing(STP)
Official website

AUS GLOBAL

8.23
Score
10-15 yearsRegulated in CyprusMarket Making(MM)
Official website

SDS · Company Summary

Note: SDS's official site - http://www.sdsfx.co.uk/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

SDS Review Summary
Company Name SIMPLE DIGITAL SOLUTIONS LIMITED
Founded 5-10 Years
Registered Country/Region Saint Vincent and the Grenadines
Regulation Non-regulated
Trading Platform MT4
Customer Support Phone: +44 01412311102; Email: service@sdsfx.co.uk
Official Website Unavailable

What is SDS?

Simple Digital Solutions Limited (SDS) is a financial services company founded within the past 5 to 10 years. The company is registered in Saint Vincent and the Grenadines and, to the currently available knowledge, is not regulated by any financial regulatory body. The lack of regulation could offer more freedom in terms of trading options, but can also bring about potential risks and uncertainties.

SDS

Pros & Cons

Pros Cons
N/A
  • Unavailable Official Website
  • Non-regulated
  • Limited Information Can Be Found

Cons:

  • Unavailable Official Website: The official website for SDS is currently not accessible. This can significantly impede a potential client's ability to gather crucial information about the company's services, trading platforms, fee structure, customer support, and more. This lack of transparency can cause difficulties when trying to evaluate the suitability of the company's services.

Unavailable Official Website
  • Non-regulated: SDS is not regulated by any known financial regulatory body. While non-regulated brokers may offer more flexible trading options, they also come with potential risks. Lack of regulated supervision can result in less protection for client investments, and potential disputes might not have the backing of a regulatory framework.

  • Limited Information Can Be Found: Due to the unavailability of the official website and the minimal information provided elsewhere, it's challenging to conduct comprehensive research on the company. This lack of information makes it hard for potential clients to make an informed decision about whether SDS's services meet their financial needs and risk tolerance.

Is SDS Safe or Scam?

Simple Digital Solutions Limited (SDS) currently operates without regulation from any recognized financial regulatory body. This non-regulated status could mean that there are less stringent safeguards in place to protect customer investments and interests, and it also limits the company's accountability in terms of financial conduct.

Moreover, a major concern with SDS is the lack of available information. The company's official website is reportedly unavailable, and very little information about the company, its services, and its track record is available from other sources. This creates difficulties for potential customers trying to gather necessary details about the company and its operations, which can hinder informed decision-making and increase investment risk.

Trading Platform

SDS offers the widely acclaimed MetaTrader 4 (MT4) trading platform, known for its user-friendly interface and powerful features. With MT4, traders can execute orders with precision, access real-time market data, and implement automated trading strategies through Expert Advisors (EAs). Additionally, the platform is available on both desktop and mobile devices, providing flexibility and convenience for trading on the go. SDS's use of MT4 ensures a robust and reliable trading experience for its customers.

MT4

User Exposure on WikiFX

Reports from users have raised several serious concerns about the business practices of Simple Digital Solutions Limited (SDS).

One complaint was filed by a user denoted as 'FENG41658' on July 16th, 2020, who detailed difficulties with fund withdrawal. According to this report, withdrawal has been unavailable since March, with SDS having promised completion by June. However, as of the user's report in July, the funds had not been received. The user also claimed that the company has been unresponsive, further stalling the withdrawal process.

User Exposure on WikiFX1

Another user, known as 'jrcat009', claimed that SDS is an illegal foreign exchange trading operation run by Taiwanese individuals. The company is reported to have registered in St. Vincent and obtained a member of the UK FDRC trading dispute committee under false pretenses. Allegedly, the company used the identity of the legitimate Simple Digital Solutions Limited and the license of the FCA UK monetary authority to illegally facilitate forex transactions. Subsequently, the company purportedly simulated its closure due to poor management during the pandemic, encouraging victims to claim compensation from the illegitimate Clearing Company and FCA.

User Exposure on WikiFX2

These accounts represent a combination of allegations of withdrawal issues, unresponsiveness, identity theft, fraudulent use of a regulatory license, and fraudulent inducement to file claims against non-involved parties. Although these are user-submitted claims and might need further verification, they certainly cast a shadow over SDS's operations and business integrity.

Conclusion

Simple Digital Solutions Limited (SDS) appears to have several serious concerns related to its business practices, based on the information and user testimonies available. While the company has been operational for around 5 to 10 years, the unavailability of the official website, lack of regulatory oversight, and significant withdrawal issues, according to some users' reports, all highlight potential risks associated with this company.

Further substantiated by complaints of possible fraudulent operations, inclusive of identity theft and misuse of regulatory licenses, individuals considering doing business with SDS should exercise extreme caution. With such limited and negatively skewed information available at present, the conduct of thorough due diligence is strongly advised before any decision to use SDS's services.

Frequently Asked Questions (FAQs)

Q: Is SDS a regulated company?

A: Available information suggests that SDS is not regulated by any known financial regulatory body.

Q: How can I get in touch with SDS's customer support?

A: You can reach out to SDS's customer support via phone number +44 01412311102 or email service@sdsfx.co.uk.

Q: Is SDS beginner-friendly?

A: No, it is not a good choice for beginners due to its unavailable website and resources, combined with a lack of regulation and exposed issues.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Review 2

2 Comments
Write a comment
All(2) Latest Exposure(2)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com