fxdecodefxs is a CFD broker with a website domain registered on May 27, 2024, primarily offering trading services of financial derivatives such as forex, precious metals, crude oil, indices, and cryptocurrencies to retail and institutional clients. The broker does not provide services to jurisdictions where it may contravene local laws or regulations.
Company Registration Information and Regulatory Status:
According to the public information on fxdecodefxs' website, the broker claims its full company name is Decode Global Limited. It is one of the top 50 financial services companies in Australia, headquartered in Sydney, and regulated by the Australian Securities and Investments Commission (ASIC) with license number 320497.
Upon verification, the ASIC website shows that the company with license number 320497 is DECODE FUNDING LTD, not Decode Global Limited, and has no affiliation with fxdecodefxs.
Therefore, fxdecodefxs is essentially a fraudulent broker website with no actual company entity or regulation, using stolen regulatory information from other companies.
Account Opening Process:
To open an account with fxdecodefxs: visit the broker's website, click "Register" on the homepage or in the top right corner to access the account registration page, fill in the required name, email address, and set a login password, then upload both sides of your ID and submit the application form. Once submitted, the account is successfully registered.
Trading Account Information:
The fxdecodefxs website only discloses information on spreads, trading leverage, and contract size. However, details on account types, trading commissions, minimum/maximum trading volume, maximum positions/orders, margin call/stop-out levels, and minimum price increments are not provided.
- Spread: Floating spread, starting from 1 pip
- Trading leverage: 1:100
- Contract size: 1 lot = 100,000 currency units
Trading Platform:
The fxdecodefxs website claims to offer the MT5 trading platform, including both desktop and mobile versions. However, the MT5 platform shows the broker Decode Global Limited’s website as www.decodefx.com, not fxdecodefxs.com.
Deposits and Withdrawals:
fxdecodefxs does not clearly disclose the supported deposit and withdrawal methods, fees, or minimum deposit/withdrawal amounts on its website.
Conclusion:
Traderknows reminds investors that fxdecodefxs is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like Gildencrest Capital, Tosta Global Limited, fbspro, BLK International Exchange Inc, Bestonfx Trading Limited, and fogo forex. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
