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No Regulation
Score
1.52 /10
Danger
MDSS
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.10
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
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
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-22
- 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
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.
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