Decho Capital Limited Forex Broker

Decho Capital Limited Review SummaryFounded2023Registered Country/RegionAustraliaRegulationUnregulatedMarket InstrumentsForex pairs, stocks, commodities, stock indices, major virtual currenciesDemo AccountNot mentionedLeverage1:100SpreadCurrency pairs like EUR/USD and GBP/USD: 0.6 -1 pip;Precious metals: 2 - 2.1 pips;Energy: 1 - 8.2 pipsTrading PlatformMobile trading appMin DepositNot mentionedCustomer SupportEmail: support@dechocapital.comDecho Capital Limited Information Established in Australia in 2023, Decho Capital Limited offers a full range of trading assets including forex pairs, equities, commodities, stock indices and major virtual currencies. Clients mainly contact its campany through E-mail by support@dechocapital.com.Pros and ConsProsConsA wide range of financial products from a single accountUnregulated StatusConvenient mobile trading appNo live chat or phone supportReal-time monitoring of investmentsHigh spread for some assetsClear contact information providedIs Decho Capital Limited Legit? Decho Capital Limited once has been regulated by the Australian Regulatory Authority with the license number of 001307575. However, its license has been revoked.Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberASICDECHO CAPITAL PTY LIMITEDAppointed Representative(AR)001307575What Can I Trade on Decho Capital Limited? Decho Capital Limited offers traders the opportunity to trade on forex pairs, energy and commodities(crude oil and natural gas), stock indices(US100 and JP225), major virtual currencies(Bitcoin and Ethereum).Tradable InstrumentsSupportedForex pairs✔Energy and commodities✔Stock indices✔Major virtual currencies✔Bonds❌Binary Options❌Mutual Funds❌Futures❌Account Types Only ONE type of account is provided for clients of Decho Capital Limited.Leverage Decho Capital Limited offers a maximum leverage of 1:100. The minimum margin is 50. The minimum lot number.is 0.01 lot. Forced settlement margin maintenance rate is 100%.Decho Capital Limited Fees In the forex market, the spread depends on the currency pair. The EUR/USD spread is 0.6 points, while the GBP/USD spread is 1 point. In energy and commodity trading, the spread between XTIUSD (crude oil) and XNGUSD (natural gas) was 1 point and 8.2 points, respectively. For virtual currencies such as BTCUSD (Bitcoin) and ETHUSD (Ethereum), the spread is 28.7 points and 6.2 points, respectively. In addition, Decho Capital Limited charges a transaction fee of US $11 (tax included) per 100,000 currency transactions (1 lot).SpreadForex marketEUR/USD0.6GBP/USD1Energy and CommodityCrude oil1Natural gas8.2Virtual currenciesBitcoin28.7ETHUSD6.2Trading Platform A trading app for smartphones is specially provided by Decho Capital Limited.Trading PlatformSupportedAvailable DevicesSuitable forTrading app✔smartphonesInvestors of all experience levelsDeposit and Withdrawal Customers can choose domestic bank transfers and national banks. Cryptocurrency remittances, especially the use of TRC20 tokens such as USDT, provide an alternative route for deposits. For domestic bank transfers, the transfer fee is usually borne by the customer, while cryptocurrency remittances require $1 dt plus 3% commission. Domestic bank transfers are usually completed within 15 minutes of deposit, and any unconfirmed payment, if not confirmed by 5pm, is reflected on the next business day. Cryptocurrency remittances offer instant processing, usually within 15 minutes, with orders received after 5pm processed on the next business day.