MDSS-Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

The MDSS website is owned and operated by MDSS LLC. This company claims to be a subsidiary of another company – MDS Securities Ltd., but we were unable to prove that. What we suspect is that MDSS LLC is what we call “a clone company” that uses some details of a legit business, such as MDS Securities Ltd., in an attempt to defraud investors.

Market Instruments

MDSS says it offers a great variety of trading instruments, including over 9000 CFDs on stocks, indices, commodities, ETFs and bonds.

Minimum Deposit

The minimum investment deposit with MDSS is set at 5000 USD, which is absurdly high. Most brokers traders can start trading with is about 250 USD.

Leverage

In terms of trading leverage, the maximum leverage offered by this MDSS is 1:50. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spreads & Commissions

MDSS promises tight spreads with low or even zero commission. Unfortunately we were not able to open a demo account to check that. Have in mind that starting spreads with a standard account are considered attractive only below 1.5 pips.

Trading Platform Available

All brokers providing the Saxo trading platform operate as white labels of Saxo Bank, which is definitely not the case with MDSS.

Deposit & Withdrawal

There is no information on MDSS website about the payment methods they accept. While for most brokers, they accept major credit cards like VISA and MasterCard, e-wallets like Neteller, Skrill and bank wire.