IDS Group Limited (dba IDS Holdings) has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". IDS Group Limited (doing business as IDS Holdings) found at https://www.idsholders.com/ is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I was about to invest with IDS Group Limited (dba IDS Holdings) but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Ontario Securities Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
I signed up with IDS Group Limited (dba IDS Holdings) through word of mouth in my investment club and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Economic calendar|Easy withdrawals|Smooth onboarding|Comprehensive tools
Cons: Research section could be deeper|Limited social trading features
I trusted IDS Group Limited (dba IDS Holdings) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Good mobile app|Two-factor authentication
Cons: Desktop app not available on Linux|No live chat on mobile
IDS Group Limited (dba IDS Holdings) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Helpful community forum|Social trading features
Cons: Slow to add new assets|Account statements could be more detailed