TDS Capital Group Review
TDS Capital Group is CFDs broker situated on offshore with more emphasis on cryptocurrency trading. The five different trading accounts are provided with different investment but same leverages. The broker is not regulated with very low credibility and raises several concerns. In this TDS Capital Group review, we will talk about the positives and negatives of this broker. In the end, provide the answer to the question is this broker scam or legit? So, read the full TDS Capital Group review here till the end.
About TDS Capital Group:
The five accounts provided are Basic, Bronze, Silver, Gold, and Platinum with the required minimum deposit of $500, $2000, $5000, $25000, and $50000 respectively. The broker has substantial collections of cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, Dash, Ekron, and many others. These crypto coins can be traded against each other or with other foreign exchange currencies.
The broker does not give information about the provided spreads on its website. We have check offered a web-based trading platform to get knowledge of provided spreads. The spread on BTC/USD was fixed at $25. The same spread is provided by other brokers and acceptable to many traders. The leverage offered is 1:20 on all crypto coins, and it is also acceptable.
The broker also accepts all sort of payment viz credit cards, bank wire transfer, and E-wallets like Skrill and Neteller. Sadly, the payment by crypto coins is not accepted and may disappoint some traders.
The biggest concern of TDS Capital Group is its non-regulation. The broker is managed by Optima Express INC situated in Dominica. The Financial Services Unit of Dominica do regulate other financial institutes but does not regulate forex and CFDs brokers. It means the broker is unregulated, and it may involve in scams.
The broker offers many trading bonuses that are banned in regulated markets. These bonuses come with salty terms and conditions such as minimum required trade volume for eligibility of withdrawals and more.
The broker offers some web-based trading account that is unproven and laggy. Most of the traders prefer the MetaTrader trading platform because of its trustworthy ness and ease of trading facilities.
As mentioned earlier, the minimum investment at TDS Capital Group is high. The most broker offers the same kind of trading conditions and instruments at a low price.
Is TDS Capital Group scam or legit?
As promised, we are giving you the answer to the given question. The broker TDS Capital Group is a potential Australian trading scam. Investments are not safe with this broker.