Decho Capital Limited foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://login.dechocapital.com/auth/register, about the company's legal and temporary regulatory information, the company's address 19 135 King St Sydney NSW 2000.
Decho Capital Limited Forex Broker
Basic information
Australia
1-2 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked High potential riskCompany profile
Decho 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 Cons
| Pros | Cons |
| A wide range of financial products from a single account | Unregulated Status |
| Convenient mobile trading app | No live chat or phone support |
| Real-time monitoring of investments | High spread for some assets |
| Clear contact information provided |
Is 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 However, its license has been revoked.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 Country | Regulated Authority | Regulated Entity | License Type | License Number |
| ASIC | DECHO CAPITAL PTY LIMITED | Appointed Representative(AR) | 001307575 |
What 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 Instruments | Supported |
| Forex 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).
| Spread | ||
| Forex market | EUR/USD | 0.6 |
| GBP/USD | 1 | |
| Energy and Commodity | Crude oil | 1 |
| Natural gas | 8.2 | |
| Virtual currencies | Bitcoin | 28.7 |
| ETHUSD | 6.2 |
Trading Platform
A trading app for smartphones is specially provided by Decho Capital Limited.
| Trading Platform | Supported | Available Devices | Suitable for |
| Trading app | ✔ | smartphones | Investors of all experience levels |
Deposit 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.
Rating Index
Decho Capital Limited Similarly Rated Brokers
Latest Reviews
Bambang Soeprijanto
Indonesia
They don't have many complaints or bad records, and their trade history is pretty transparent. It's nice to have that transparency, even if the platform isn't perfect.
Neutral
2024-06-26
Laulii
Japan
I was invited to the group, and the discussion shifted from high-dividend stocks to FX investment. I saw that Mr. Hongo and his friends posted in the Line group as long-distance drivers. It was immediately canceled, but I took a closer look. It was confirmed that the same content was posted on LINE under different names, and that they were playing multiple roles. Initially, they said that the penalty would be deducted from their FX account, but they changed their story to say that they would have to pay a separate amount of nearly 7 million yen. There was a balance in my account, so even though I asked them to withdraw money from it, they told me that it was a breach of contract and that if I didn't pay, my account would be frozen. I contacted Australian support via email, but when I told them the same thing, they lost contact with me. I can no longer log in to my account. I paid 2.8 million yen and had $160,000 in my account.
Exposure
2024-04-10
Mark Martinez
Netherlands
The mobile app is functional but could benefit from additional features. Account opening process was straightforward, but verification took a bit longer.
Positive
2024-06-28