Decode Global Review: All About This Broker

With their registration in 2023 in Vanuatu, this broker might lose its reputation. Considering their fully regulated entity in Australia traders are wondering what’s the purpose of this one. However, it’s not rare that brokers offer different entities for better country coverage.

Thus, this brings some risk to traders because offshore regulations are quite loose. But to keep yourself informed about all the offers and differences read this Decode Global review carefully.

Who Is Decode Global Broker?

The official owner, Decode Global Ltd is registered in Vanuatu in 2023. This offshore country is known as the hub for brokerage companies. However, to register there you have only one financial requirement. That is a $50.000 safety deposit.

On the other hand, the Australian ASIC-regulated company should have 1 million AUD as invested capital. Also, they should keep the funds in segregated bank accounts.

          How Are You Protected at Decode Global? Security and Regulation

To sum it up, the company is regulated by Vanuatu Financial Services Commission (VFSC).

https://www.vfsc.vu/vanuatu-companies/viewInstance/view.html?id=a5c1e83ff0a6678bbd77a10d1ff6a8e0f9f9642a00a63538652a0a297faf7966&_timestamp=1036740813366389

However, that doesn’t change much in your trading environment. Traders can’t enjoy multiple funds protection features. Such as:

• Negative balance protection
• Guaranteed stop-loss
• Compensation funds scheme
• Segregated bank accounts for deposits

With all this in mind, you should either stick to the Australian entity or find another Tier 1 licensed broker. Another discrepancy is their leverage which goes up to 1:500. That kind of leverage can wipe your balance in seconds. Even get you into debt if you don’t have negative balance protection.

To understand better what to look for in a broker or what to avoid, you can read our honest Trade Capital Markets, SVK Markets and XTB Broker reviews.

Decode Global Broker Profile

Listed below you can find all the Decode Global broker features. What caught our eye is the availability of Meta Trader 4 & 5. This presents a huge advantage because of their functionalities. But mainly because of the safety and transparency of the software. Unfortunately, the broker doesn’t offer a demo account. Which is quite a strange for licensed broker with such trusted software.

Spreads are quite competitive starting from 0 pips and commissions are around the industry average. Thus, the broker limits traders to trade only in 3 industry classes. This might be a downside because many traders prefer stocks and crypto nowadays. Important to realize is that Decode Global has no deposit bonus policy.

Is Decode Global Broker Safe?

Decode Global fx company is not one of those with the highest security standards. Practically traders don’t have any kind of protection except that the broker is licensed. But if the regulator is not strict like FCA, BaFin or ASIC you shouldn’t raise much hope there.

A potential issue might be also their leverage of 1:500. In combination with the lack of negative balance protection it could be a disaster. You don’t want to owe money to anyone. Especially not the broker. Even though the company promotes the Decode Global community as the copy trading option it’s a proprietary one. To decide if those are reliable you need to test them out and expose your money to risk.

Decode Global Traders Reviews – Sharing Experiences

Another key point is Decode Global reviews. Practically, lack of it. For a broker that exists since 2004 in Australia, there are literally no reviews.

Generally speaking, that’s suspicious for a simple reason. If you look at any other Tier 1 licensed broker you will realize that they have their reviews available. Our specialized team can show you a long list of those but also help you choose your broker wisely. You can book your consultation already today.

How Does Decode Global Platform Reach Clients and Who Are They?

In general, clients working with Decode Global Limited are coming from everywhere. But mainly from: 

• Australia
• United States
• Indonesia
• Philippines
• India

The company is present on social media. So, they might reach out to traders there. However, the broker doesn’t offer any referrals or introduce a broker program. Therefore, the only solution is through marketing campaigns and e-mail marketing.

Decode Global Funding Method

Important to realize is that the company accepts rather unconventional funding methods. There are only 3 options:

• USDT
• Wire transfer
• UnionPay

According to the company presentation all three methods are processed instantly. However, it’s not specified whether it’s meant for deposits only or withdrawals also. For a licensed broker that’s quite a mysterious presentation. Also, these funding methods are irreversible. Unlike card transfers where traders can get a chargeback if needed. Generally speaking, these are quite strange funding methods for a licensed broker. 

         Decode FX Withdrawal

As can be seen, the broker doesn’t clarify withdrawal conditions. There is nowhere to be seen precisely if there are fees and what is the processing time. On top of that, the Terms and Conditions don’t reveal much. Except for numerous cases where the broker can terminate your account or even withdraw your money for different purposes.

But the worst thing is that they can close your account without any consequences. Whether you are breaching T&Cs or laws. But also in cases of network problems, power supply failure and more. You better read the Decode Fx withdrawal policy.

Our Safe Trading experts’ opinion of Decode Global broker

Trying to compare this broker with other Tier 1 licensed brokers can give you a better picture. Mainly about the security and transparency that some other companies provide. With a missing demo account and some important tradeable instruments, you might miss a lot. Our specialized team can filter you a list of brokers with the highest standards.

Once you compare all the features you can choose on your own which one suits you the most. Most importantly, pressure and costs are not involved in that. Get in touch already today and find your perfect fit. Don’t miss a chance to make some extra income because of fear. Fear only comes from not knowing things. It’s time to learn. Contact us today!

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