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.
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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 Vanuatu Financial Services Commission (VFSC) [License number 303250].
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.
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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
Here's how to get started with Decode Global:
- Visit the Decode Global website and click on "Register;"
- Choose your account type (individual/corporate);
- Fill in your personal details (name, email, phone number, etc.);
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- Enter your date of birth and country of residence;
- Choose your trading account information, including account type, base currency, leverage, and expected investment;
- Fill in the employment status form;
- Upload ID verification document
- Upload proof of address document (bank statement or utility bill)
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 charting tools
- 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
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
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
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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.
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
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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. Hereās a list of Decode Global restricted countries:
- United States of America
- Australia
- Canada
- New Zealand
- North Korea
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Decode Global Trust Scores and User Reviews
Trust is crucial in the world of online trading. Unfortunately, Decode Global users havenāt 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.
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Traders must do their due diligence and try to contact other platform users before creating and funding their account.
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.