MDSS Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-22 18:45

Abstract：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.

　　Note: MDSS' official website: https://mdssllc.com is currently inaccessible normally.

MDSSReview Summary
Founded	/
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	9,000+ CFDs on stocks, indices, commodities, ETFs and bonds
Demo Account	❌
Leverage	Up to 1:50
Trading Platform	/
Min Deposit	$5 000
Customer Support	/

　　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.

　　It claims to offer a variety of trading instruments, including CFDs on over 9,000 stocks, indices, commodities, ETFs, and bonds with leverage up to 1:50, but an extremely high minimum deposit of $5,000.

Pros and Cons

Pros	Cons
Multiple market instruments	Inaccessible website
	Unregulated
	No demo accounts
	Limited info on trading fees
	Extremely high minimum deposit
	No contact channel

Is MDSS Legit?

　　No, MDSS is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

What Can I Trade on MDSS?

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

Tradable Instruments	Supported
CFDs	✔
Stocks	✔
Indices	✔
Commodities	✔
ETFs	✔
Bonds	✔
Forex	❌
Cryptocurrencies	❌
Options	❌

Price Plan

　　The minimum investment deposit with MDSS is set at 5 000 USD, which is absurdly high. Most brokers traders can start trading with is about 100 USD.

Price Plan	Min Deposit
FX All-Inclusive	$5 000
FX Volume	$10 000

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.

MDSS Fees

　　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 is considered attractive only below 1.5 pips.

Trading Platform

　　MDSS claims to support the Saxo Bank trading platform, but we need to be aware that all brokers offering the Saxo trading platform operate as white labels of Saxo Bank, which is definitely not the case with MDSS.