Decode Global, a Forex broker based in Vanuatu, offers CFD trading on its STD and Pro accounts with low variable spreads from 0.0 pips and a $7 trading commission.
This broker supports 3 zero-fee funding methods, including USDT, Wire transfer, and UnionPay, to fund your trading account on MetaTrader 4 or MetaTrader 5.
Decode Global Regulation and Company Information
Decode Global has made quite a name for itself in the online trading world since its inception in 2004. Headquartered in the financial hub of Vanuato, this broker brings together a team of experts with decades of experience from major banks, investment firms, and financial institutions.
Decode Global is regulated by the Vanuatu Financial Services Commission (VFSC) [License number 303250]. The broker does not offer negative balance protection, which can increase risk in volatile markets.
Decode Global Broker Specifications
Let's break down the key specifications of Decode Global:
Broker | Decode Global |
Account Types | STD, Pro |
Regulating Authorities | VFSC |
Based Currencies | USD, EUR, GBP, SGD, AUD |
Minimum Deposit | $100 |
Deposit Methods | USDT, bank transfer, UnionPay |
Withdrawal Methods | USDT, bank transfer, UnionPay |
Minimum Order | 0.01 Lot |
Maximum Leverage | 1:500 |
Investment Options | Copy trading |
Trading Platforms & Apps | MT4, MT5 |
Markets | Forex, indices, commodities |
Spread | Floating from 0.0 pips |
Commission | From $7 |
Orders Execution | Market |
Margin Call/Stop Out | No |
Trading Features | Demo account |
Affiliate Program | Yes |
Bonus & Promotions | No |
Islamic Account | No |
PAMM Account | No |
Customer Support Ways | Email, live chat, phone |
Customer Support Hours | 24/7 |
Restricted Countries | USA, Canada, Australia, New Zealand, North Korea and more |
Decode Global Account Types Overview
Decode Global Forex broker keeps things simple with 2 main account types:
Account types | STD | Pro |
Minimum deposit | $100 | $100 |
Maximum Leverage | 1:500 | 1:500 |
Spreads | Floating from 1.0 pips | Floating from 0.0 pips |
Commission | 0$ | $7 |
Trading platform | MT4, MT5 | MT4, MT5 |
This dual approach allows traders to choose the account types that suit their needs.
Decode Global does not offer Islamic (swap-free) trading accounts. This means that clients who wish to avoid overnight interest charges in accordance with Sharia law will not find suitable account options with this broker.
In addition, the broker does not provide cent accounts, limiting micro-scale trading opportunities for beginners or algorithm testers.
Decode Global also offers a Demo Account, which lets traders practice strategies and get a feel for the platform without risking real money. Key Features of the demo account:
- Virtual balance to practice with
- Access to real market conditions
- No time limit
- Available for both MT4 and MT5 platforms
Decode Global Broker Benefits and Drawbacks
Every broker has its pros and cons. Let's break down Decode Global's:
Advantages | Disadvantages |
ASIC & VFSC regulation | Lack of variety in tradable instruments |
1:500 maximum leverage | Lack of variety in deposit and withdrawal methods |
Choice of popular MT4 and MT5 platforms | No user reviews on popular review websites |
Competitive spreads from 0.0 pips | No educational resources |
Decode Global Account Sign-Up & Verification
Getting started with Decode Global takes a few steps; All you need is to provide your name, contact details, and finally do a simple email verification.
#1 Access the Decode Global Signup Page
Visit the Decode Global official website; on the top right of the home page, click on "Register Now;"
#2 Fill in the Decode Global Form
Choose your account type (individual/corporate), and then select your country of residence and add your email and phone number.
#3 Provide Additional Details About Yourself and the Chosen Decode Global Account
Enter your date of birth and country of residence. Then, proceed by selecting the details for your trading account, including the type of account, the base currency, the leverage, and the expected investment amount.
Lastly, complete the employment status form to provide necessary information regarding your current employment situation.
#4 Verify your Identity in Decode Global
Upload ID verification document by accessing the profile settings. Then, upload proof of address document (bank statement or utility bill) to complete the KYC process.
The verification process is typically quick and often completed within 24 hours. Decode Global takes security seriously, so be prepared to provide clear, up-to-date documents to speed up the process.
Decode Global Trading Platforms
Decode Global offers the industry-standard MetaTrader platforms:
MetaTrader 4 (MT4):
- User-friendly interface
- Advanced trading tools and chart opjects
- Expert Advisors for automated trading
- Available on desktop and mobile
Links:
MetaTrader 5 (MT5):
- More advanced version of MT4
- Additional timeframes and order types
- Enhanced backtesting capabilities
- Available on desktop and mobile
- Full compatibility with Expert Advisors (EAs) for algorithmic strategies
Links:
While Decode Global doesn't offer a proprietary platform, MT4 and MT5 are excellent platforms used by millions of traders worldwide.
Decode Global Broker Fees (Spreads and Commissions)
Decode Global offers competitive pricing structures:
Account types | Spread | Commission |
STD | Variable from 1.0 Pips | No commission |
Pro | Variable from 0.0 Pips | $7 |
Although Decode Global claims to offer low spreads, their Forex trading fees are above the industry average. Other fees in Decode Global broker:
- No inactivity fee
- No deposit and withdrawal fee
To calculate a tade's profit/loss outcome based on fees, use our profit/loss calculator tool.:
Decode Global Deposit & Withdrawal Methods
Funding your account or withdrawing your profits is an easy process with Decode Global. They offer several payment methods:
- Bank Transfer
- USDT (Tether)
- UnionPay
Copy Trading & Investment Options Offered on Decode Global
Decode Global offers copy trading through its mobile app (DecodeEX), opening up a world of possibilities for both novice and experienced traders:
- Follow and copy successful traders
- Diversify your portfolio effortlessly
- Learn from experienced traders' strategies
- Adjust risk levels to suit your preferences
Remember that past performance doesn't guarantee future results, so always do your due diligence before copying any trader.
What are Tradable Markets & Symbols in Decode Global Broker?
Decode Global offers a range of trading instruments:
- Forex: Over 35 currency pairs
- Indices: 10 Major global stock indices, including S&P500 and Nasdaq
- Commodities: Gold, silver, crude oil
This range of options enables traders to broaden their portfolios and capitalize on opportunities in various markets.
Decode Global Broker Bonuses and Promotions
While Decode Global doesn't offer traditional bonuses, they do have an attractive affiliate program:
- Earn commissions for referring new traders
- Tiered commission structure
- Marketing materials provided
- Regular payouts
Decode Global Broker Customer Support
Decode Global offers various support channels for its Forex and CFD traders:
- Email Support: support-cn@decodefx.com
- Live Chat: Available on the website
- Phone Support: +678 23043
This helps traders receive proper help on their issues.
Decode Global Restricted Countries
While Decode Global accepts clients from many countries, it also has restrictions. Here’s a list of Decode Global restricted countries:
- United States of America
- Australia
- Canada
- New Zealand
- North Korea
Decode Global Trust Scores and User Reviews
Trust is crucial in the world of online trading. Unfortunately, Decode Global users haven’t submitted their personal experiences with the platform. On Trustpilot, Decode Global has gained 3.7 stars out of 5 from only 1 user review. This shows that the broker is not popular among traders, unlike what they claim on their website.
Traders must do their due diligence and try to contact other platform users before creating and funding their account.
Decode Global Broker Educational Resources
One area where Decode Global falls short is in educational resources. They don't offer educational materials for traders looking to learn or improve their skills. For traders seeking Forex education, other brokers like IG, Forex.com, and FXCM offer comprehensive educational resources, including:
- Video tutorials
- Webinars
- E-books
- Trading courses
- Economic calendars
These resources can be invaluable for beginners and even experienced traders looking to refine their skills.
Decode Global in Comparison with Others
Here is a detailed comparison between Decode Global and its rivals; Decode Global Comparison:
Parameter | Decode Global Broker | |||
Regulation | VFSC | FSA, CySEC, FCA, FSCA, CBCS, FSC, CMA | FCA, FSCA, CySEC, SCB | FSA, CySEC, ASIC |
Minimum Spread | 0.0 Pips | 0.0 Pips | Varies based on Account | 0.0 Pips |
Commission | From $7 | From $0.2 to USD 3.5 | Varies based on Account | Average $1.5 |
Minimum Deposit | $100 | $10 | $100 | $200 |
Maximum Leverage | 1:500 | Unlimited (Subject to account) | 1:500 | 1:500 |
Trading Platforms | MT4, MT5 | Exness Trade (mobile), Exness Terminal (web), MT4, MT5 | MT4, MT5, cTrader, Web Trader, Mobile App | MT4, MT5, cTrader, cTrader Web, IC Markets Mobile |
Account Types | STD, Pro, Demo | Standard, Standard Cent, Pro, Raw Spread, Zero | Standard, Pro, Raw+, Elite | Standard, Raw Spread, Islamic |
Islamic Account | No | Yes | Yes | Yes |
Currency Pairs | 35 | Over 100 | 200 | 861 |
Number of Tradable Assets | Over 100 | 500+ | Not specified | Not specified |
TF Expert Suggestion
Decode Global aims to offer quality Forex and CFD trading services such as copy trading (through DecodeEX), instant deposits, and 1:500 leverage.
However, the lack of variety in tradable instruments (only supports 3 markets), low regulatory oversight, and a 3.7/5 rating on the Trustpilot website from only one user review are important facts traders need to consider before signing up with Decode Global.