USDETF

WikiFX | 2024-09-19 15:11

摘要：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.

USDETFReview Summary
Founded	2024
Registered Country/Region	Bahamas
Regulation	Suspicious Clone SCB License
Market Instruments	Forex, Index, Commodities, ETF, Stock, Cryptocurrency
Demo Account	Not Mentioned
Leverage	Up to 30:1
EURUSD Spread	USDETF account: 0.0 - 0.3 pips
EURUSD Spread	Standard: 0.0 - 0.3 pips
Trading Platform	cTrader, MT4, MT5
Min Deposit	Not Mentioned
Customer Support	24/7 Email: support@usdetfs.com
Customer Support	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.

Pros and Cons

Pros	Cons
Multiple market instruments	Suspicious 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 Type	Retail Forex License
Licensed Number	SIA-F217

What Can I Trade in USDETF?

Trading Asset	Available
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.

Feature	USDETF	Standard
Base Currencies	AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD
Leverage	Up to 30:1
Average EURUSD Spread	0.0 - 0.3 pips	1.1 pips
Commission	From 7 AUD per 100,000 bilateral transactions	$0
Minimum Trade Size	0.01 lots
Maximum Trade Size	100 lots
Most Suitable	Scrapers and Algorithmic Traders	New Traders

Fees

MT4/MT5 USDETF Account Commission

Trading account currency	Commission per 0.01 lot (1000 base currency)	Commission per 1 lot (100,000 base currency)
AUD	AUD 0.04	AUD 3.50
USD	USD 0.04	USD 3.50
JPY	JPY 3	JPY 303
EUR	EUR 0.03	EUR 2.60
GBP	GBP 0.03	GBP 3.30
CHF	CHF 0.04	CHF 3.50
NZD	NZD 0.04	NZD 4.47
SGD	SGD 0.05	SGD 4.55
HKD	HKD 0.28	HKD 28.17
CAD	CAD 0.04	CAD 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 Platform	Supported	Available Devices	Suitable for
cTrader	✔	Desktop, Mobile, Web	Beginners
MT5	✔	Desktop, Mobile, Web	Experienced traders
MT4	✔	Desktop, Mobile, Web	Beginners
Trading View	❌	Desktop, Mobile, Web	Beginners

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.