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Business Index6.05
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No valid regulatory information, please be aware of the risk
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Company Name
FSDS Global Limited
Company Abbreviation
FSDS
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
The exchange can't withdraw money, need support
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.
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
The exchange can't withdraw money and the web is closed and I can't access the exchange's wed.
Can't withdraw money and exchange has closed the access to wed
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.
They tried to rip us off by luring us to invest in their platform but then our right to withdraw is completely taken away. I also noticed that they don't allow us close positions when we profit a lot, until our positions are wiped out. In an attempt to get something out of my investment i opened a scam case with the team at fintrack /org Be watchful FSDS Global is feeding on Vulnerable people like myself.
I can't withdraw money and the broker has closed the homepage so I am entering the exchange to withdraw money
Create a virtual platform to trick users, hope support will pay attention to the warning
Recently, I joined a Forex exchange called FSDS Global Limited. At first, there will be 1 person approaching you, then by convincing tricks, you try to invest $ 1000 and have a very good profit, then suggest you to invest more to seize some good opportunity… Just like So, whoever has money can invest more because the profit is real. But signs of fraud started happening at the withdrawal stage. When withdrawing money, FSDS requires you to complete the trading volume (accounts below 10000$ must have 3 transactions with an amount of 50% of the money in the account, accounts over 10000$ must have 2 transactions) . I thought it was done, but when completing the transaction, I was forced to pay a fee of 20% of the total withdrawal amount before withdrawing the money. At this point, I was aware that 99% of this floor was a scam and didn't deposit any more money. Because it is possible that when the other 20% fee is paid, heaven knows if there will be any other reasons or not. The money in my floor is still there, not burned, but now I can't withdraw it.
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.
After paying taxes and proving the account, they told that the transaction was illegal and forced to pay more money. Slow processing and not allowing withdrawals, but this platform was not affected at all.
fsds is a crime master how can mt5 allow that its been 9 days I don’t resive my 1 withdraw
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.
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 |
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.
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.
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 |
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 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.
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.
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.
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.
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.
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.
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.
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.
Unfortunately, FSDS does not offer specific educational resources or materials to support the development of its clients' trading knowledge and skills.
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.
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.
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.
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.
As we know so far, forex trading is one of the most profitable businesses in the financial market. However, it doesn’t mean everyone can win big while trading forex. In reality, many people suffer a heavy loss in the forex market. The biggest challenge for them lies in seeking a solid broker. Today, WikiFX has listed the top 5 scam brokers of June 2022 to prevent you from getting scammed.
Founded in 2020, FSDS is an online forex broker offering an extensive range of 350 trading assets to its clients, including currency pairs, cryptocurrencies, precious metals (Gold, Silver, Platinum), energy (Brent, WTI, NAT, GAS), etc. However, recently FSDS catches many traders’ attention due to too many complaints, we wonder why and how it is happening. WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyze the reliability of this broker from specific information, regulation, exposure, etc. And you should never miss it.
The foreign currency market is one of the most often used methods of funding. In truth, several individuals became billionaires almost immediately. To begin with, the foreign currency market is the world's largest and most liquid marketplace, operating twenty-four hours a day and generating 3 trillion $ $ $ $ in daily transactions. With these features, everyone will demand a reduction in the measures in place inside this industry.
Is this even possible? Depending on the sort of trading you do, you could be wondering if Forex is the best option. What if the bulk of traders are unable to profit from the Forex market? How long will it take you to increase your profits? Is the profit stable, or does it fluctuate? These are issues that all traders, regardless of their position in the Forex sector, ponder
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