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Deoasis Limited Company was established in 2023, positioning itself as a forex brokerage firm offering a range of trading services. Despite its recent inception, the company has claimed to provide a comprehensive trading platform that caters to both novice and experienced traders.
Deoasis Limited operates independently and does not appear to be a subsidiary of any larger financial institution. The ownership structure remains opaque, with little information available about its founders or executive team.
The company's headquarters is located at 96 Wadsworth Blvd, Num 127-3255, Lakewood, CO 80226, USA. This location is often cited in company materials, although the legitimacy of the address has been called into question.
Deoasis Limited aims to serve a global clientele, offering trading services across various regions, including the United States, Australia, and several European countries. However, its regulatory status in many of these regions remains uncertain.
Deoasis Limited claims to be regulated by the Australian Securities and Investments Commission (ASIC) and registered with the National Futures Association (NFA) in the United States. However, there are significant concerns regarding the authenticity of these claims, as regulatory warnings have been issued against the company by various authorities.
Since its founding in 2023, Deoasis Limited has attempted to establish itself in the competitive forex market. However, the lack of verifiable milestones raises questions about its operational history.
The company has sought to expand its services internationally, targeting markets in Europe, particularly in countries with strict financial regulations. This expansion strategy has been met with skepticism due to the absence of proper licensing.
Deoasis Limited claims to have a growing customer base, boasting over 330,000 users. However, this figure is viewed with skepticism given the company's short operational history and the lack of credible user reviews.
The firm promotes its proprietary trading platform, referred to as "ST5," which is designed for forex, commodities, and indices trading. However, the platform's legitimacy and effectiveness are under scrutiny, with reports suggesting it may not be as advanced as claimed.
To date, there are no publicly available records of awards or recognitions received by Deoasis Limited, further raising concerns about its credibility in the brokerage industry.
Deoasis Limited offers a variety of forex trading options, including major currency pairs such as EUR/USD, GBP/USD, and USD/JPY. The exact number of currency pairs available is not specified, leading to ambiguity regarding the breadth of its forex offerings.
The company also claims to provide stock trading services, although details about available stocks or indices are limited. This lack of transparency is a common concern among potential traders.
Deoasis Limited offers Contracts for Difference (CFDs) on various assets. However, the specifics regarding the types of CFDs available and their associated risks are not clearly outlined.
In addition to forex and CFDs, Deoasis Limited reportedly offers trading in commodities and cryptocurrencies. However, the absence of detailed information raises questions about the legitimacy and safety of these products.
While the company claims to provide a user-friendly trading experience, including a demo account for new traders, the lack of a regulated environment and credible customer support diminishes these claimed advantages.
Deoasis Limited claims to be regulated by ASIC and registered with the NFA. However, investigations have revealed that there is no evidence supporting these claims, and the Financial Conduct Authority (FCA) in the UK has issued warnings against the firm.
The company's legal structure appears to be centralized in the United States, with claims of operations in Australia and Europe. However, the lack of transparency in its legal entity structure poses risks for potential clients.
There are no clear indications of client fund protection measures in place, raising concerns about the safety of deposits made by traders. The absence of insurance or compensation schemes further heightens these risks.
Deoasis Limited aims to serve clients in various regions, including the United States, Australia, Cyprus, France, Germany, and Norway. However, its lack of proper licensing in these jurisdictions poses significant legal risks.
The compliance history of Deoasis Limited is questionable, with multiple regulatory bodies warning against its operations. This lack of compliance raises red flags for potential investors.
Deoasis Limited faces competition from several well-established forex brokers, including:
Deoasis Limited positions itself as a competitive player in the forex market, but its lack of transparency and regulatory compliance undermines its credibility compared to established competitors.
The primary differentiation factors for Deoasis Limited include its claimed variety of trading instruments and the use of its proprietary trading platform. However, the absence of credible reviews and regulatory backing diminishes these claims.
In summary, while Deoasis Limited Company presents itself as a global trading platform with a wide range of services, significant concerns regarding its regulatory status, transparency, and operational history raise red flags. Potential traders are advised to exercise caution and conduct thorough research before engaging with this firm.
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