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USDETF -

Score

1.13 /10
Danger

USDETF

Bahamas

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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

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Comparison

Quantity 2

Exposure

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Website

Score

Regulatory Index0.00

Business Index4.05

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

USDETF Markets Limited

Company Abbreviation

USDETF

Platform registered country and region

Bahamas

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-26
  • 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!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Complete scam

At first, it seems like you can withdraw a little bit of money So I thought it was real And then I wanted to become a prestigious person I tie the signal room and do readings Even someone who takes advantage of that Cannot withdraw money Because it is tied to the signal room They say you have to pay a 20% deposit for money laundering And you have to pay a 10% tax profit to be released For any reason, they will never return the money It's a complete scam Dapusdt server is down They must be changing their name and engaging in fraudulent activities Do not make any investments It's an absolute scam

FX1636731038
2024-10-22 20:58
Unable to Withdraw

Fraudulent Company

We were foolish people who participated in a reading room until the end. At first, we believed it was a fraudulent site that supports Korean language because it claimed to receive Korean won. Initially, withdrawals were possible, but as we operated the reading room by tying it to a signal room, we were told that we had to pay a guarantee fee of 20% and undergo an investigation due to anti-money laundering laws, and we were told that we had to pay a capital gains tax of 10% if we wanted to withdraw. After everything was settled, our accounts were shut down and they disappeared. Now they have changed their KakaoTalk name and completely disappeared. They probably created another site using US tax laws to commit fraud. They always mentioned ETF-related news, so it must be related to ETF. We are complaining. We hope to never be involved in fraud. We have lost all our assets and don't even have a 1,000 won bill in our wallets. We are a wicked group of scammers who pull out all the stops to take everything away. Today, I saw a picture on KakaoTalk that looked like a young mannequin. I hope no one falls for it.

FX1636731038
2024-10-02 21:09
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
cTrader✔Desktop, Mobile, WebBeginners
MT5✔Desktop, Mobile, WebExperienced traders
MT4✔Desktop, Mobile, WebBeginners
Trading View❌Desktop, 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.

User Reviews

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User comment

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Comments

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FX1636731038
3-6months
처음엔 진짜처럼 약간 출금 가능해요 그래서 진짜인줄 알았어요 그리고는 명예분섴 가가 되고 싶다고 신호실을 묶어서 리딩을 합니다 그것을 빌미로 한사람도 출금이 안돼요 왜냐면 신호실로 묶어서 자금세탁매커리즘이라 브증금 20프로 좃ㆍ받아야만 한다하고 또 세금 이득세10프로 내야만 석방된다 하고 어떤 이유든 절대 돈돌려주지 않습니다 완전 다사기 입니다 dapusdt는 서버 다운되고 분명 이름 바꿔서 사기행각을 벌이고 있을겁닏ㆍ 어떤 투자도 하면 안됩니다 절대 완전 사기 입니다
처음엔 진짜처럼 약간 출금 가능해요 그래서 진짜인줄 알았어요 그리고는 명예분섴 가가 되고 싶다고 신호실을 묶어서 리딩을 합니다 그것을 빌미로 한사람도 출금이 안돼요 왜냐면 신호실로 묶어서 자금세탁매커리즘이라 브증금 20프로 좃ㆍ받아야만 한다하고 또 세금 이득세10프로 내야만 석방된다 하고 어떤 이유든 절대 돈돌려주지 않습니다 완전 다사기 입니다 dapusdt는 서버 다운되고 분명 이름 바꿔서 사기행각을 벌이고 있을겁닏ㆍ 어떤 투자도 하면 안됩니다 절대 완전 사기 입니다
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2024-10-22 20:58
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FX1636731038
3-6months
저희는 리딩방참여로 끝까지 달려온 미련한 사람들이었읍니다 처음엔 미국 거래소라고usdetf 한국어지원 하는 사기 싸이트구분은 원화를 받는거라 해서 믿었읍니다 초기엔 출금이 가능 했으나신호실로 묶어리딩방을 운영하면서 출금은커녕 자금세탁 방지법에 걸렸다고 보증긍 20프로 납부 하고 조사 받아야 한다하고 또 출금하려하니 이득세10프로 내야 한다 하고 다 마무리 하니계정앺 다운 시키고 잠적 했읍니다 지금은 다른 카톡이름으로 바꾸고 완전 잠수 아마도 미국 세법을 이용해 사기를 칠려면 분명 다른 싸이트 만들었을겁니다 늘 미국 경제뉴스를 본다 했으니 etf관련일겁니다 하소연 합니다 절대 사기 에 연류되지 않기를 바랍니다 저희들은 전 재산을 다 날려 지갑에천원짜리 한장도 없고 끝까지 피 말러 끌어 내서 가져가는 악락한 사기 집단 입니다 오늘보니 카톡에 젊은 마네킹 같은사진 올렸어요 절대 속지 않았음 좋겠읍니다
저희는 리딩방참여로 끝까지 달려온 미련한 사람들이었읍니다 처음엔 미국 거래소라고usdetf 한국어지원 하는 사기 싸이트구분은 원화를 받는거라 해서 믿었읍니다 초기엔 출금이 가능 했으나신호실로 묶어리딩방을 운영하면서 출금은커녕 자금세탁 방지법에 걸렸다고 보증긍 20프로 납부 하고 조사 받아야 한다하고 또 출금하려하니 이득세10프로 내야 한다 하고 다 마무리 하니계정앺 다운 시키고 잠적 했읍니다 지금은 다른 카톡이름으로 바꾸고 완전 잠수 아마도 미국 세법을 이용해 사기를 칠려면 분명 다른 싸이트 만들었을겁니다 늘 미국 경제뉴스를 본다 했으니 etf관련일겁니다 하소연 합니다 절대 사기 에 연류되지 않기를 바랍니다 저희들은 전 재산을 다 날려 지갑에천원짜리 한장도 없고 끝까지 피 말러 끌어 내서 가져가는 악락한 사기 집단 입니다 오늘보니 카톡에 젊은 마네킹 같은사진 올렸어요 절대 속지 않았음 좋겠읍니다
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2024-10-02 21:09
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