Score
Bahamas
|
1-2 years
| https://www.dappusdetf.com/#/home
Website
Rating Index
LicensesLicensed Entity：Pepperstone Markets Limited
License No. SIA-F217
Bahamas
dappusdetf.com United States| 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 |
| Standard: 0.0 - 0.3 pips | |
| Trading Platform | cTrader, MT4, MT5 |
| Min Deposit | Not Mentioned |
| Customer Support | 24/7 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.
| Pros | Cons |
| Multiple market instruments | Suspicious fake clone license |
| Unclear minimum deposit requirement | |
| Limited customer support channels | |
| Commission charged |
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 |
| Trading Asset | Available |
| forex | ✔ |
| metals | ❌ |
| commodities | ✔ |
| indices | ✔ |
| energies | ❌ |
| stocks /shares | ✔ |
| cryptocurrencies | ✔ |
| options | ❌ |
| funds | ❌ |
| ETFs | ✔ |
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 |
| 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 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 | 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 |
USDETF accepts deposit and withdrawal methods including Visa, MasterCard, POLi, Bank transfer, BPay, PayPal, Neteller, Skrill, and China Union Pay.
USDETF's customer support channel is limited, but it is open 24/7.
| Contact Options | Details |
| support@usdetfs.com | |
| Physical Address | Sea Sky Lane, B201, Sandyport, Nassau, New Providence, the Bahamas |
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.
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.
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