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TDS Markets Review - Is it scam or safe?

TDS Markets Review - is tdsweb.broctagon.com scam or good forex broker?

RATING: 1 / 1 REVIEWS ForexBrokerz TDS Markets
TDS Markets is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

Account type Minimum deposit  Minimum trade size Maximum leverage Spreads
Standard $100 0.1 1:500 2.5 pips, fixed
         

 Clients of TDS Markets aren’t offered much of a choice in terms of accounts. There is a single forex trading account type – a standard MT4 one which with fixed spreads and leverage up to 1:500.  Micro lots are not available for trade to those unwilling to trade in large volumes.

 

In fact, the fixed spreads offered by this broker are above average, amounting 2.5 pips on EUR/USD. Most fixed-spread brokers offer 2 pips spread for this pair, and some, like easyMarkets, provide even lower spreads. On top of that, easyMarkets is a regulated broker, while this is not the case with TDS Markets.

 

As regards leverage, TDS Markets offers levels up to 1:500, which is not unusual, yet it is considered a high ratio. High leverage levels allow you to take bigger risks with a smaller deposit. Although this may seem attractive, be careful, as the potential for quick and massive losses is also present.

 

The Company. Security of Funds

 

Company Country Regulation
Terre De Soleil Limited Vanuatu N/A

 

According to the information on its website, Terre de Soleil (TDS) was founded in 2009 and is headquartered in Paris, France. The broker provides services and technical analysis in finance industry mainly on corporate clients across countries in Europe. In 2017, the company founded TDS Markets Limited in Vanuatu, and positioned itself on Asia-Pacific markets.

 

The broker cites as its liquidity provider Broctagon Exchange - a holder of a Principal’s License from the Vanuatu Financial Services Commission and is licensed to offer financial services to market makers. 

 

In fact, Terre De Soleil Limited does not hold a license from the Vanuatu Financial Services Commission. Even if it did, it would not make much of a difference, as Vanuatu is a famous destination for forex and binary options brokers, but in fact companies holding VFSC licenses are simply registered there and are not subject to any strict requirements, nor supervision.

 

Because investing with offshore and non-regulated brokers is risky, we generally advise traders to select among companies licensed in UK, or Cyprus, for instance, where traders have certain level of protection and where compensation schemes apply is necessary.

 

Trading Platforms

 

TDS Markets offers its clients the leading MetaTrader 4, available as desktop and mobile versions.

 

Developed with traders’ needs in mind, MetaTrader 4 (MT4) is by far the most popular FX platform, as it is easy to use and offers a number of technical indicators, extensive back-testing options, advanced charting tools, automated trading systems (EAs), allowing users to fully automate their trades.

 

 

TDS Markets’ MT4

 

It also offers some plug-in for derivatives trading, but for some reason we could not get it going.

 

Methods of Payment

 

TDS Markets offers its clients the following payment modes: credit/debit card (Visa, MasterCard), bank wire transfer, and China UnionPay.

 

Conclusion

 

TDS Markets is a newly-launched forex broker that supports the MT4 platform. The main problem with this broker is that it is regulated and besides, its spreads are high. To sum up the above:

 

Pros  Cons
MT4 available Not regulated
  High fixed spreads
  Market Maker model
  Limited payment methods

 

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Traders` reviews for TDS Markets

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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