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TDS Capital Group Review - is it scam or safe?

TDS Capital Group review - Is tdscapitalgroup.com scam or good forex broker?

RATING: 1 / 4 REVIEWS TDS Capital Group
TDS Capital Group is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


TDS Capital Group is an offshore CFD broker focused on the crypto currency market, which offers several account types on a web based trading platform. Unfortunately the broker is not regulated and that significantly decreases their credibility.

 

Trading account  Min. deposit Max. leverage Spread
Basic Account $500 1:20 n/a
Bronze Account $2000 1:20 n/a
Silver Account $5000 1:20 n/a
Gold Account $25 000 1:20 n/a
Platinum Account $50 000 1:20 n/a

 

TDS Capital Group Advantages:

 

A variety of crypto pairs

 

The selection of crypto pairs offered by TDS Capital Group looks fine. Coins like Bitcoin, Litecoin, Ethereum, Ripple, Dash, Ekrona, Ethereum Classic, StarCoin, OmiseGO, Zcash, Monero, Bytecoin and Nxt are paired both against fiat currencies and some major crypto coins. Still, if you like the idea of trading with crypto assets, here you may also check our list of brokers trading with Bitcoin CFDs:

 

>>Bitcoin Forex Brokers<<

 

Acceptable spreads

 

We checked the TDS Capital Group web based trading platform and the BTCUSD spread was fixed at 25 USD, which is in line with what most traders would expect. The leverage allowed with all crypto assets is 1:20 and that is also fine. Still, you may also check our list of brokers offering even tighter spreads:

 

>> Lowest spread forex brokers<<

 

Various payment methods

 

TDS Capital Group says they accept payments with credit and debit cards like Visa, MasterCard and Maestro, wire transfer and a couple of e-wallets such as SkrillNeteller and China Union Pay. No crypto coins are accepted, however, so here you may also check our list of brokers accepting payments with bitcoins:

 

>>Forex Brokers Accepting Bitcoin<<

 

TDS Capital Group Disadvantages:

 

No license

 

TDS Capital Group is owned and operated by Optima Express Inc, an offshore company based in Dominica. Unfortunately the broker is not regulated.  

 

The Financial Services Unit (FSU) of the Commonwealth of Dominica do regulate the banking sector and the insurance companies on the island, but they do not regulate forex and CFD brokers. 

 

More over if TDS Capital Group wants to target customers on regulated markets like the European Union, the UK or Australia it will have to be licensed by an official financial regulator like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC). 

 

Besides, if you trade with brokers licensed in the EU your funds will be covered by an insurance policy. With FCA brokers for example the insurance covers your account for up to 85 000 GBP, which will be payed back in case your broker files for bankruptcy. So here you may also check our list of FCA regulated brokers:

 

>>FCA Regulated Forex Brokers<<  

 

Trading bonuses with additional withdraw conditions

 

Bear in mind that if you accept a trading bonus by TDS Capital Group, all your withdraw requests will be canceled until you fulfill some minimum trade volume requirement.  The practice is highly controversial and is actually banned throughout Europe and on many other regulated markets. 

 

On top of that TDS Capital Group dose not specify what exactly that minimum trade volume requirement will be, so our general advise is to stay away form such trading bonuses altogether.

 

MetaTrader4 not supported 

 

The web based trading platform offered by TDS Capital Group is overly simplified and lacks many features that are standard with classical trading solutions such as the MetaTrader4. 

 

 

For example with the TDS Capital Group web platform you can not run automated trading sessions – something that is quite easily done on MetaTrader4 with the help of specially designed trading robots, called Expert Advisors and the numerous market indicators. Also MT4 has various advanced charting tools, so here you may also check our list of brokers supporting the MetaTrader4:

 

 >>MT4 Brokers<<

 

High minimum deposit requirement

 

TDS Capital Group requires a minimum deposit of 500 USD and that is higher than what most other brokers would ask you for to open a trading account. And besides, with some well known names like FBS and IG, you can start trading with virtually 5 USD or even less.

 

Conclusion:

 

TDS Capital Group is a low credibility, unregulated, offshore broker which we can not recommend. And if you want to trade the forex and the crypto currency markets your best choice is among all the legit brokers, holding licenses from respectable institutions such as the FCA in the UK, CySEC in Cyprus or ASIC in Australia.

Latest news about TDS Capital Group
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Traders` reviews for TDS Capital Group

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TDS Capital Betrug

Die sind profesionelle Betrug
Finger weg
DIe haben von meinem Konto 20000 Euro gestohlen

Translated by Google:

TDS Capital scam

They are professional scams
Hands off
They stole 20000 Euro from my account

Michael 06/12/2019

TDS are professional scammers

TDS are professional scammers how ever it took me 10 days to 2 weeks to see red flags like

Eg different addresses and spelling of Withrawal as Withdraval .. the use of any desk and wanting the whole screens to be expanded.

Suspicious areas open after a desk conversation was complete! To good to be true trades and heartache in getting full withdrawal of funds… they are professional binary option scammers

IN A NUTSHELL DONT USE THEM and the longer they convince you to stay in the worst it gets STAY AWAY the good reviews were written by them no good review is true totally fake!



Allen 06/02/2019

Complaint

I ditto the comments made below by George Andrews, I have had exactly the same response, be aware !!!

Caesar Ali 05/19/2019

TDS Capital Group - buyer beware!!

Been trying to make a withdrawal and close my account for over six weeks now - despite numerous e mails and even more numerous (and expensive) telephone calls still no progress - promises to call back are not fulfilled- my account manager does not respond - things were very different when I opened the account and then received daily calls - most of these wanting me to make bigger and bigger deposits - I am beginning to think this is a scam - be very careful and do plenty of your own due diligence before depositing any money with TDS Capital Group - buyer beware!!

George Andrews 05/10/2019
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